Edelweiss Balanced Advantage Fund(G)- Direct Plan
Edelweiss Balanced Advantage Fund - Direct Plan - Growth is an open-ended balanced scheme offered by Edelweiss Mutual Fund, which is managed by Edelweiss Asset Management Limited. The Trustee Company of the mutual fund is Edelweiss Trusteeship Company Limited.
Investment Objective of Edelweiss Balanced Advantage Fund - Direct Plan - Growth
The investment objective of Edelweiss Balanced Advantage Fund - Direct Plan - Growth is to generate capital growth in the long term along with current income through investment in a portfolio that consists of equity and equity-related instruments and in fixed income instruments.
Key Features of Edelweiss Balanced Advantage Fund - Direct Plan - Growth
Some of the significant features of Edelweiss Balanced Advantage Fund - Direct Plan - Growth are as indicated in the table below:
Type of fund | Open-ended balanced scheme |
Plans available | Regular PlanDirect Plan |
Options under each plan | The Regular Plan and the Direct Plan both come with two options:Growth OptionDividend OptionThe Dividend Option comes with the following sub-options:Reinvestment optionPayout option |
Risk | Moderately High |
Systematic Investment Plan | Available |
Systematic Transfer Plan | Available |
Systematic Withdrawal Plan | Available |
Investment Amount for Edelweiss Balanced Advantage Fund - Direct Plan - Growth
The following is the information regarding the investment amounts and loads:
Minimum application amount | Rs.5,000 and in multiples of Re.1 thereafter |
Minimum additional investment | Rs.1,000 and in multiples of Re.1 thereafter |
Minimum instalment for Systematic Investment Plan (SIP) | Rs.1,000 and in multiples of Re.1 thereafter (minimum of six instalments) |
Entry Load | Not Applicable |
Exit Load | If redemptions or switch-outs take place on or before the completion of 12 months from the date on which the units are allotted, the exit load charged shall be 1% of the applicable NAV.If redemptions or switch-outs take place after the completion of 12 months from the date on which the units were allotted, no exit load shall be levied. |
Asset Allocation for Edelweiss Balanced Advantage Fund - Direct Plan - Growth
In case of normal circumstances, the asset allocation for Edelweiss Balanced Advantage Fund - Direct Plan - Growth will be as follows:
Instruments | Allocations (Percentage of total assets) | Risk Profile |
Equity and equity-related securities | 30% to 60% | Medium to High |
Net equity arbitrage exposure | 5% to 10% | Medium to High |
Money market securities and debt instruments | 30% to 60% | Low to Medium |
NAV Disclosure and Benchmark for Edelweiss Balanced Advantage Fund - Direct Plan - Growth
Edelweiss Asset Management Limited will calculate the Net Asset Value of Edelweiss Balanced Advantage Fund - Direct Plan - Growth and disclose the same on every business day by 9:00 p.m. The investor centres of the Asset Management Company will also have the NAV for investors to view. Moreover, the Asset Management Company will publish the Net Asset Value in a minimum of two national dailies that are circulated across the country. The NAV will also be put up on Edelweiss Mutual Fund’s website along with the website of the Association of Mutual Funds in India by 9:00 p.m. everyday.
Edelweiss Balanced Advantage Fund - Direct Plan - Growth Fund Manager
Edelweiss Balanced Advantage Fund - Direct Plan - Growth is co-managed by Mr. Harshad Patwardhan and Mr. Amit Gadgil. Mr. Patwardhan has more than 23 years of experience in investment management, while Mr. Gadgil has over 14 years. Both fund managers handle a number of other schemes for Edelweiss Mutual Fund, such as Edelweiss Equity Opportunities Fund, Edelweiss Economic Resurgence Fund, Edelweiss Tax Advantage Fund, etc.
Why you should Invest in Edelweiss Balanced Advantage Fund - Direct Plan - Growth
Edelweiss Balanced Advantage Fund - Direct Plan - Growth is ideal for investors who want a wealth creation solution in the long term through investment in equity and equity-related securities as well as fixed income instruments.
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