Edelweiss Balanced Advantage Fund -Direct Plan-Growth
Min amount: ₹500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Dynamic Asset Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd Ordinary Shares||5.6%|
|HDFC Bank Ltd||4.45%|
|Bharti Airtel Ltd||3.65%|
|Reliance Industries Ltd Shs Dematerialised||3.06%|
|HCL Technologies Ltd Shs Dematerialised||2.85%|
|State Bank of India Ordinary Shares||1.66%|
|Kotak Mahindra Bank Ltd Ordinary Shares||1.62%|
About Edelweiss Balanced Advantage Fund - Direct Plan - Growth
Edelweiss Balanced Advantage Fund is a hybrid mutual fund whose asset allocation follows the dynamic allocation strategy. Investors looking to strike the right balance between the risk and reward may consider investing in this fund.
Pros and Cons of Edelweiss Balanced Advantage Fund - Direct Plan - Growth
By investing in this fund, you get exposure to a well-diversified portfolio consisting of assets across equity and debt markets. The fund invests in equity derivative strategies, arbitrage opportunities, stocks, debt, money market, and other fixed-income assets. You get the balance between risk and reward by investing in this fund. On the flip side, this fund is not suitable for risk-averse investors as it is exposed to market risk.
Fund Information and Statistics
i) Inception/Launch Date
Edelweiss Balanced Advantage Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
Since Edelweiss Balanced Advantage Fund invests across both equity and debt securities, it makes the fund fall under the category of ‘moderately high risk’ mutual funds.
Edelweiss Balanced Advantage Fund - Direct Plan - Growth is an open-ended mutual fund scheme; you can redeem your investment at any time. However, you have to factor capital gains tax and exit load charges before placing the redemption request.
iv) Fund Manager
Mr Gautam Kaul, Mr Bharat Lahoti and Mr Bhavesh Jain are the current fund managers of Edelweiss Balanced Advantage Fund - Direct Plan - Growth.
v) Entry/Exit Load
You will be charged with an exit load of 1% on the units in excess of 10% if you redeem your investments within one year from the date of allocation. No exit load applied after one year. The norms of the securities market regulator have meant that this fund has no entry load.
About Edelweiss Mutual Fund
Edelweiss Mutual Fund entered the mutual fund fore in the year 2007 when it registered with the Indian securities market regulator. It was incorporated with Edelweiss Financial Services as the sponsor and Edelweiss Trusteeship Company Limited (ETCL) as the trustee as per the guidelines of the Securities and Exchange Board of India (SEBI). The assets under management (AUM) of the Edelweiss fund house stood at Rs 23,614.37 crore as of March 2020.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns