3 Year return

14.33%
Launched on August 2017 (7 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹11281.66 Cr.

Expense Ratio

0.48% (inclusive of GST)

Exit Load

10% of the units alloted shall be redeemed without any Exit Load on or before completion of 90 days from the date of allotment shall be subject to the following Exit Load: 1.00% - If redeemed or switched out before completion of 90 days from the date of alotment. Nil - If redeemed or switched out after 90 days from the date of allotment.

Ratings

ARQ Rating
5

Ratings by other agencies

4
0
5

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Edelweiss Mutual Fund Managers

BJ

Bhavesh Jain

Fund Manager since Sep 2019

View Details

Fund House Details

Edelweiss Mutual Fund

Edelweiss Mutual Fund Asset management company

AUM ₹147,767.86 Cr.
No. of Schemes 153
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Edelweiss Mutual Fund

List of mutual fund schemes by AMC

About Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment

The Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment fund is a balanced advantage fund managed by Edelweiss Mutual Fund. It is a type of fund that invests in a mix of equity and debt securities. This is an open-ended investment scheme that provides the investor with an opportunity to invest at any time. The expense ratio of the Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment fund is lower than the category average.

Investment Objectives of the Scheme

The investment objective of the Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment fund is to generate returns that are higher than those of a pure equity fund but with lower volatility than a pure debt fund. The fund aims to achieve this by investing in a mix of equity and debt securities, with the allocation of assets between equity and debt varying depending on the market conditions.

Key Features of The Fund

5-year return 16.05%
Expense Ratio 0.48%
Fund Manager Bhavesh Jain
Fund Size ₹11281.66 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment fund is suitable for investors who are looking for a balanced investment option that offers the potential for growth with some downside protection. The fund is also suitable for investors who are looking for a relatively low-risk investment option. However, talk to your financial advisor and ensure that you are considering your investment objectives and risk appetite.

AMC Contact Details

Name Edelweiss Mutual Fund
Launch Date 2009
Addresss Edelweiss House, Off. C.S.T Road, Kalina, Mumbai - 400 098
Contact 1800 425 0090
Email EMFHelp@edelweissmf.com
Website https://www.edelweissmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment Jun 12 2024 is 27.42

What is the AUM of Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment is 11281.66 crore.

What is the expense ratio of Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment is 0.48%

What are the returns of Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment since inception?

The Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment was launched on Aug 14 2017. The fund has delivered a CAGR of 13.68 since inception.

What is the minimum SIP amount to invest in Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment is 100.

How do I invest in Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Edelweiss Balanced Advantage Fund Direct Plan Monthly IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.