Edelweiss Mutual Fund
Edelweiss Mutual Fund
Introduction
Edelweiss Mutual Fund is the asset management arm of Edelweiss Financial Services Limited, a prominent diversified financial services group in India. The Edelweiss Group itself was founded in 1995, initially focusing on investment banking and advisory services. Edelweiss Asset Management Limited (EAML) was incorporated in August 2007 and received its SEBI registration to launch mutual funds in 2008.
Edelweiss Mutual Fund has grown to be a significant player in the Indian asset management industry, known for its innovative approach, digital focus, and a broad portfolio of funds. A key milestone in its journey was the acquisition of the onshore fund schemes of JP Morgan Asset Management India in 2016, which significantly expanded its AUM and product offerings. The AMC aims to provide a wide range of investment products and robust customer support to facilitate wealth creation for its investors, leveraging its expertise across various market segments.
Fund Managers
Edelweiss Mutual Fund has a dedicated team of experienced fund managers overseeing its diverse schemes. Key individuals in their investment team include:
- Ms. Radhika Gupta: MD & CEO. (While she's the CEO, she also has a strong investment background and is a public face of the AMC).
- Mr. Trideep Bhattacharya: CIO - Equities.
- Mr. Dhawal Dalal: CIO - Fixed Income.
- Mr. Bhavesh Jain: Fund Manager (Equity & Arbitrage).
- Mr. Bharat Lahoti: Fund Manager (Equity & Hybrid).
- Mr. Sumanta Khan: Fund Manager (Equity).
- Mr. Ashwani Agarwalla: Fund Manager (Equity).
- Mr. Raj Koradia: Assistant Fund Manager (Equity).
- Mr. Amit Vora: Fund Manager (Overseas Securities & Commodities).
- Ms. Pranavi Kulkarni: Fund Manager (Debt).
- Mr. Rahul Dedhia: Fund Manager (Debt).
This team's collective expertise and disciplined approach drive the investment strategies across Edelweiss Mutual Fund's comprehensive offerings.
Scope and Investment Philosophy
Edelweiss Mutual Fund's investment philosophy is characterized by a blend of fundamental research, an unconventional and innovative approach, and a strong focus on risk management. Their core tenets and scope include:
- FAIR Investment Framework (Equity): For equity investments, they follow a proprietary FAIR framework:
- Forensics: Rigorous checks on accounting quality, board governance, and ownership background.
- Acceptable Price: Emphasis on reasonably priced businesses with strong earnings power over the medium term.
- Investment Style Agnostic: Focus on strong businesses capable of delivering long-term returns, without being biased towards only value or growth investing.
- Robustness: Selection of well-managed businesses with scalable opportunities and superior return on capital employed.
- CLEAR Investment Philosophy (Fixed Income): For fixed income, they adhere to the CLEAR principles:
- Credit Risk Avoidance: Prioritizing high credit quality.
- Liquidity Ensurence: Ensuring sufficient liquidity in portfolios.
- Edelweiss Synergy: Aligning with the overall Edelweiss principles.
- Active Management: Actively managing funds in line with the investment mandate.
- Risk-Reward Optimization: Maintaining a balance between risk and reward.
- Innovation and Digital Focus: They emphasize leveraging technology and data analytics in their investment processes and are known for their focus on enhancing the digital experience for clients.
- Diversified Product Basket: Edelweiss Mutual Fund offers a wide range of products across equity, debt, hybrid, passive, and international categories, catering to diverse investor risk profiles and financial goals.
- Long-Term Value Creation: A commitment to disciplined, process-driven investing aimed at generating sustainable long-term returns.
Part 2: List of Funds with Brief Explanation
Edelweiss Mutual Fund offers a comprehensive range of schemes across various categories. Here's a list of some of their prominent funds with a brief explanation of their investment focus:
Equity Funds:
- Edelweiss Flexi Cap Fund: An open-ended equity scheme that invests across large-cap, mid-cap, and small-cap stocks, with the flexibility to dynamically allocate across market capitalizations based on market opportunities.
- Edelweiss Mid Cap Fund: An open-ended equity scheme investing predominantly in mid-cap stocks, targeting companies with strong growth potential.
- Edelweiss Small Cap Fund: An open-ended equity scheme investing predominantly in small-cap stocks, seeking higher growth opportunities, typically with higher risk.
- Edelweiss Large & Mid Cap Fund: An open-ended equity scheme investing in a mix of large-cap and mid-cap companies, aiming to blend stability with growth potential.
- Edelweiss Large Cap Fund: An open-ended equity scheme investing predominantly in large-cap stocks, focusing on established, market-leading companies for stable growth.
- Edelweiss ELSS Tax Saver Fund: An Equity Linked Savings Scheme (ELSS) that invests primarily in equities and offers tax benefits under Section 80C, with a 3-year lock-in period.
- Edelweiss Focused Fund: An equity fund that maintains a concentrated portfolio of a limited number of high-conviction stocks across market capitalizations.
- Edelweiss Multi Cap Fund: An equity fund that invests across large-cap, mid-cap, and small-cap stocks with specific minimum allocations to each segment.
- Edelweiss Recently Listed IPO Fund: A thematic equity fund that invests in companies that have recently undergone an Initial Public Offering (IPO).
- Edelweiss Technology Fund: An equity sectoral/thematic fund focusing on companies in the technology sector.
Debt Funds:
- Edelweiss Liquid Fund: A debt liquid fund investing in very short-term money market instruments, providing high liquidity and stable returns.
- Edelweiss Overnight Fund: A debt overnight fund that invests in debt instruments with a maturity of one day, offering maximum liquidity and minimal interest rate risk.
- Edelweiss Ultra Short Duration Fund: A debt ultra-short duration fund that invests in debt and money market instruments with very short maturities.
- Edelweiss Low Duration Fund: A debt low duration fund investing in debt instruments with a relatively low portfolio duration.
- Edelweiss Money Market Fund: A debt money market fund that invests in highly liquid money market securities.
- Edelweiss Banking and PSU Debt Fund: A debt fund that invests primarily in debt instruments issued by banks and Public Sector Undertakings (PSUs).
- Edelweiss Corporate Bond Fund: A debt fund that invests predominantly in corporate bonds of high-rated companies, aiming for stable income.
- Edelweiss Government Securities Fund: A debt gilt fund that invests predominantly in government securities (G-Secs), which are considered low credit risk instruments.
- Edelweiss Nifty PSU Bond Plus SDL 50:50 Index Funds (various maturities): Passive debt index funds tracking specific indices comprising PSU bonds and State Development Loans (SDLs).
- Bharat Bond FOF (various maturities): Fund of Funds investing in underlying Exchange Traded Funds (ETFs) that hold a portfolio of public sector bonds, with defined maturity dates.
Hybrid Funds:
- Edelweiss Balanced Advantage Fund: A hybrid dynamic asset allocation fund that dynamically adjusts its equity and debt allocation based on market valuations and other factors.
- Edelweiss Aggressive Hybrid Fund: A hybrid aggressive hybrid fund that invests a higher proportion in equities and a smaller portion in debt, aiming for growth with some stability.
- Edelweiss Multi Asset Allocation Fund: A hybrid multi-asset allocation fund that invests across at least three asset classes (e.g., equity, debt, gold/silver ETFs), typically with dynamic allocation.
- Edelweiss Equity Savings Fund: A hybrid equity savings fund that invests in equity, debt, and arbitrage opportunities, aiming for relatively stable returns with tax efficiency.
- Edelweiss Arbitrage Fund: A hybrid arbitrage fund that aims to generate returns by exploiting price differences between the cash and derivatives segments of the equity market, with the balance in debt instruments.
International Funds (Fund of Funds):
- Edelweiss US Technology Equity Fund of Fund: A fund of funds that invests in an underlying global fund focusing on US technology companies.
- Edelweiss US Value Equity Offshore Fund: A fund of funds that invests in an underlying global fund focusing on US value equities.
- Edelweiss Europe Dynamic Equity Offshore Fund: A fund of funds that invests in an underlying global fund focusing on European equities.
- Edelweiss Greater China Equity Off-shore Fund: A fund of funds that invests in an underlying global fund focusing on equities in Greater China (China, Hong Kong, Taiwan).
- Edelweiss ASEAN Equity Off-shore Fund: A fund of funds that invests in an underlying global fund focusing on equities in the ASEAN region.
ETFs & Index Funds (Passive Funds):
- Edelweiss Nifty 50 Index Fund: An equity index fund that passively tracks the Nifty 50 index.
- Edelweiss Nifty Next 50 Index Fund: An equity index fund that passively tracks the Nifty Next 50 index.
- Edelweiss Nifty Midcap 150 Index Fund: An equity index fund that passively tracks the Nifty Midcap 150 index.
- Edelweiss Nifty Smallcap 250 Index Fund: An equity index fund that passively tracks the Nifty Smallcap 250 index.
- Edelweiss Gold ETF / Edelweiss Silver ETF: Exchange Traded Funds (ETFs) that invest in physical gold/silver and track their prices.
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