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Edelweiss Balanced Advantage Fund - Fund Insights: 29 Oct, 2021 | Edelweiss MF
1. About the Fund :
Invests and gains primarily from dynamic handling of
equity allocation as per market condition.
Aims to maintain higher equity levels when markets are
going up and vice versa.
Aims to provide stability and regular income by investing
in fixed income instruments.
Fund Manager’s Outlook :
With ebbing of 2nd covid wave and improving vaccination drive has led to the
economic recovery process again back on track
The central bank though maintains accommodative stance however rising
commodity prices has led to inflation risk
As a result, equities will remain a preferred asset class amid with higher volatility. We
expect small bout of corrections followed by earnings upgrades that will drive market
upwards
Therefore, a dynamic asset allocation fund will deliver better risk adjusted returns in
such market scenario
Our core equity portfolio in EBAF continues to focus on companies which has shown
high visibility of earnings and strong balance sheet. Consequently, we are OW IT
which has demonstrated stable earnings along with an OW stance on BFSI due to
early signs of better recovery trends in asset quality. We are currently UW on cyclicals
sectors such as Utilities, construction & Infra
We continue to remain conservative on debt portfolio and will actively seek ideas on
open offer/buybacks/delisting/IPO listings to enhance our non-equity linked returns
AUM of scheme ` 6,271.39 Crore
Total Stocks 125
Top 10 Stocks as % of Total Portfolio 26.93
Total Active Bets~ 30.46%
~Active positive bets are those where the fund has a
higher weightage as compared to the benchmark.
Benchmark
CRISIL Hybrid 50+50 Moderate Index
Total Expense Ratio
Regular Plan 1.82%
Direct Plan 0.45%
Entry Load Nil
Exit Load
10% of the units allotted shall be redeemed without any
Exit Load on or before completion of 365 days from the
date of allotment of units. Any redemption in excess of
such limit within 365 days from the date of allotment
shall be subject to the following Exit Load:
• If redeemed or switched out on or before completion of
365 days from the date of allotment of units – 1.00%
• If redeemed or switched out after completion of 365
days from the date of allotment of units – NIL
Redemption of units would be done on First In First Out
Basis (FIFO).
Portfolio Positioning
Sector Over Weights Vs Benchmark % Over wt
BFSI 5.54%
Technology 4.31%
Consumer 2.79%
Sector Under Weights Vs Benchmark % Under wt
Power -0.59%
Transportation -0.55%
Leisure Services -0.21%
Top Sector (%) Top Stocks (%)
Financial Services 17.45%
IT 10.17%
Consumer Goods 8.11%
Oil & Gas 5.99%
Automobile 4.62%
ICICI Bank Ltd. 5.01%
Reliance Industries Ltd. 4.96%
Infosys Ltd. 3.96%
Bharti Airtel Ltd 2.38%
HDFC Bank Ltd 1.97%
FUND INSIGHTS: October 29, 2021
Edelweiss Balanced Advantage Fund
(An open ended dynamic asset allocation fund)
Bharat Lahoti
Co-Fund Manager
Experience : 13 years
Managing
scheme Since :
September 18, 2017
Gautam Kaul
Fund Manager - Debt
Experience : 18 years
Managing
Scheme Since:
December 11, 2017
Bhavesh Jain
Fund Manager - Equity
Experience : 11 years
Managing
scheme Since :
August 07, 2013
Value
Large
Mid
Small
Style
Size
Blend Growth
2. Market Cap Asset Allocation
Source: Bloomberg Range of market capitalisa on of por olio holdings.
Bhavesh Jain, Bharat Lahoti and Gautam Kaul are the Fund Manager of the Scheme. The view of the Fund Manager should not be construed as investment advice. Investor must make
their own investment decisions based on their specific investment objectives and financial positions and using such AMFI qualified advisors as may be necessary. Opinions expressed
are not necessarily those of Edelweiss Asset Management Limited (EAML) or any of its Directors, Officers, Employees and personnel. Consequently, EAML or any of its Directors,
Officers, Employees and personnel do not accept any responsibility for the editorial content or its accuracy, completeness or reliability and hereby disclaim any liability with regard to
the same. BAF - Edelweiss Balanced Advantage Fund
Minimum Investment:
` 5,000/- per
application & in
multiples of Re 1/-
thereafter.
INCEPTION DATE
August 20th
, 2009
OPTIONS AVAILABLE
Growth
IDCW - Monthly
& Quarterly
PLANS:
Regular Plan &
Direct Plan
Key Information
*Investors should consult their financial adviser if in doubt about whether the product
is suitable for them.
• To create wealth over long term and prevent capital erosion in medium term
• Investment predominantly in equity and equity related securities including
through arbitrage opportunities with balance exposure to debt and money
market securities
This product is suitable for investors who are seeking*:
81.19%
14.07%
Large cap Mid cap
69.98%
19.51%
Equities Debt Cash & Other receivables
10.58%
Small cap
4.73%
Investors understand that their principal
will be at Very High risk
Scheme Riskometer Benchmark Riskometer
CRISIL Hybrid 50+50 Moderate Index
Portfolio Quality
Source: Bloomberg
Por olio quality is represented by Return on Equity. Return on equity measures companies profitability by
revealing how much profit a company generates with the money shareholders have invested.
Source: Bloomberg
Growth is represented by growth in Profit A er Tax (PAT) of the por olio
equity holdings.
Source: Bloomberg
Valuation is represented by G/PE and ROE/PE valuation matrices that highlight Growth
at Reasonable Price (GARP) and Quality at Reasonable Price (QARP). They both state
how much growth (or ROE) an investor is getting for every one unit of valuation that you
pay.
Quality
BAF Ni y 50*
17.59
16.23
Growth
BAF Ni y 50*
66.42
56.33
PAT Growth
ROE
Valua on
BAF Ni y 50*
2.57
2.14
G/PE
0.68
0.62
ROE/PE
3. Fund Performance as on October 29, 2021
1 Year
3 Year
5 Year
Since Inception - Regular Plan
Period
Returns
Scheme - Regular Plan
Benchmark
(CRISIL Hybrid 50+50
Moderate Index)
Additional Benchmark
(Nifty 50 TR Index)
Value of Rs. 10000
Invested
Returns Value of Rs. 10000
Invested
Returns Value of Rs. 10000
Invested
33.75% 13,364 28.46% 12,837 53.72% 15,354
17.31% 16,136 16.28% 15,717 20.82% 17,625
13.41% 18,773 12.67% 18,165 16.81% 21,761
11.06% 35,950 11.42% 37,397 13.31% 45,949
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
Notes:
1. Returns computation Less than 1 year Absolute and more than 1 year CAGR
2. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss
Balanced Advantage Fund. Returns are for Growth Option only. Since Inception returns are calculated on Rs. 10/- invested at
inception of the scheme. In case the start/end date is non business day, the NAV of previous day is used for computation.
3. The scheme is currently managed by Mr. Bhavesh Jain (Managing this fund from August 7, 2013), Mr. Bharat Lahoti (Managing this
fund from September 18, 2017) and Gautam Kaul (managing this fund from December 11, 2017). Please click on this link
https://edelweissmf.com/downloads/factsheets to view other schemes currently managed by the fund manager & relevant
scheme for performance.
4. Standard deviation and Sharpe ratio are annualized.
5. Active bets are those where the fund have exposure away from the weightage as compared to benchmark. Source: NSE, Bloomberg.
6. Please note that Edelweiss Balanced Advantage Fund was merged with Edelweiss Dynamic Equity Advantage Fund and feature of
Edelweiss Dynamic Equity Advantage Fund was retained with surviving scheme name as Edelweiss Dynamic Equity Advantage Fund.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.