Edelweiss Multi Asset Allocation Fund
Date Published: November 15, 2024
FUND FACTS
|
Nature |
Open ended |
Fund Manager |
Amit Vora, Bharat Lahoti, Bhavesh Jain, Pranavi Kulkarni, Rahul Dedhia |
|
Inception Date |
23-Jun-23 |
Benchmark Index |
Nifty 500 TRI (40%) + CRISIL Short Term Bond Fund Index (50%) + Domestic Gold Prices(5%) + Domestic Silver Prices (5%). |
|
NAV (Rs.) |
10.99 ( 27-Sep-2024 ) |
Corpus (Rs.in Crs.) |
1015.53 ( Jul-2024 ) |
|
Investment Objective |
To provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes with an objective to generate returns through arbitrage in Equities & Previous metals and income generation from highly rated fixed-income instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. |
||
FUND FACTS
PORTFOLIO COMPOSITION
AS on 30th Aug 2024, the fund has 48.64% of its net assets invested in Debt & debt related securities, 35.75% in Equity arbitrage, 11.98% in Exchange Traded Commodity derivatives & 4.3 % in Cash & Cash Equivalent. Equity exposure is spread acorss different capitalization-segments as large cap holdings constitute 25.96% (market cap > Rs.84,325 crs), 8.17% in midcap (market cap > Rs.27,564 and < Rs. 84,325 crs), 1.50% in small cap (market cap 0 < Rs. 27,564 crs) . The top 10 debt holdings of the scheme constitute 43.40% of its net assets . It may be observed that the Quarterly Average AUM of the fund for the end of June 2024 is Rs.285.98 crores.
| Table: 1 | |||
|---|---|---|---|
| Top 10 debt security holdings (% in Net Assets) | Aug-24 | Feb -24 | Sept-23 |
| 8.3333 HDB Financial Services Ltd. Aug 6 2027 | 7.16 | - | - |
| 7.38 GOI Jun 20 2027 | 6.27 | 9.39 | 23.02 |
| 7.26 GOI Feb 6 2033 | 5.83 | - | - |
| 7.75 Tata Capital Housing Finance Ltd. May 18 2027 | 4.73 | - | - |
| 6.8 Axis Finance Ltd. Nov 18 2026 | 4.17 | 6.23 | - |
| 7.06 GOI Apr 10 2028 | 3.83 | - | - |
| 8.0359 Kotak Mahindra Investments Ltd. Oct 6 2026 | 3.79 | 5.68 | 9.16 |
| 7.59 Small Industries Development Bank Of India Feb 10 2026 | 2.85 | 4.28 | 6.86 |
| 7.62 National Bank For Agriculture & Rural Development (Nabard) May 10 2029 | 2.39 | - | - |
| 8.1701 Aditya Birla Housing Finance Ltd. Aug 25 2027 | 2.38 | - | - |
Riskometer : Scheme Riskometer for the Peers shown will be HIGH.
PORTFOLIO ANALYSIS
The fund has an exit load of 0.1% and an expense ratio of 0.71%. The minimum investment in Edelweiss Multi Asset Allocation Fund Regular Growth is Rs 100. The S.D. of the scheme is 0.23%, which is lower than the industry average of
Multi Asset Allocation schemes of 8.86%. The Sharpe ratio of the scheme is 3.84%, which is higher than the industry average 2.89%.
Advantages of Target Maturity Funds
Multi-asset allocation funds provide investors with a single investment that combines debt, equities, and one additional asset class such as real estate, gold, and so on. Furthermore, these schemes employ various asset allocation algorithms that are designed to respond to changing market situations. These characteristics provide this form of mutual fund the ability to provide investors with the best risk-adjusted returns. By diversifying across different asset classes and being professionally managed, these funds can effectively mitigate risks while aiming for higher returns. This makes multi-asset allocation funds an attractive choice for both new and experienced investors looking to enhance their financial stability and growth.
Note: This fund will attract LTCG tax @ 12.5% if held for 2 years or more, even though it is predominantly invested in AAA debt. Short term capital gains are taxed at marginal tax rates. Also, the Scheme's balance exposure to Equity and precious metals (Gold / Silver) is 100% hedged as part of arbitrage exposure.
Nav Performance
PEER COMPARISON :
Note : Peers are not strictly comparable since they are Equity oriented while Edelweiss's Scheme is Debt oriented and it's Equity / Commodity exposure is 100% hedged.