Edelweiss Equity Savings Fund performance review analysis for December
Edelweiss Equity Savings Fund performance review analysis for December: This detailed review of Edelweiss Equity Savings Fund evaluates its recent performance, comparing it to the Nifty index, and analyzes key metrics such as Sharpe Ratio and sectoral allocation. The fund's strategy, top holdings, and recent portfolio moves are explored to provide insights for existing and potential investors.
Edelweiss Equity Savings Fund Direct Growth performance review analysis for December: Edelweiss Equity Savings Fund Direct Growth, managed by the seasoned fund managers Bhavesh Jain,Bharat Lahoti,Rahul Dedhia,Pranavi Kulkarni, remains a prominent player in the Equity Savings. Edelweiss Equity Savings Fund boasts an impressive AUM of ₹539.22 crore. Under the guidance of Bhavesh Jain,Bharat Lahoti,Rahul Dedhia,Pranavi Kulkarni, the fund adheres to its objective of the investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns.
Performance Analysis:
Over the past week, Edelweiss Equity Savings Fund returned 0.39%, showing a positive delta of 1.59%. The one-month performance shows a negative trend, with the fund delivering 1.29%.
The performance over the longer durations is mentioned below:
| Period | Mutual Fund Returns | Nifty 50 Performance | Performance Difference |
|---|---|---|---|
| 6 Months | 5.97% | 4.08% | 1.89% |
| 1 Year | 15.28% | 16.38% | -1.10% |
| 3 Years | 10.83% | 40.22% | -29.39% |
| 5 Years | 12.14% | 101.49% | -89.35% |
Top Holdings of the Fund
Below is the list of top holdings in the fund:
| Holding Name | Percentage of Portfolio |
|---|---|
| HDFC Bank | 4.47% |
| Aditya Birla Fashion & Retail | 4.23% |
| Adani Ports & Special Economic Zone | 3.47% |
| Ambuja Cements | 2.53% |
| Kotak Mahindra Bank | 2.33% |
Sector Allocation of the Fund
| Sector Name | Weightage (%) |
|---|---|
| Regional Banks | 14.84% |
| Retail (Apparel) | 4.41% |
| Construction - Raw Materials | 4.19% |
| Misc. Transportation | 4.17% |
| Software & Programming | 3.47% |
| Biotechnology & Drugs | 3.26% |
| Consumer Financial Services | 3.17% |
| Construction Services | 2.67% |
| Coal | 2.65% |
| Oil & Gas Operations | 2.31% |
| Auto & Truck Manufacturers | 1.94% |
| Auto & Truck Parts | 1.91% |
| Electric Utilities | 1.5% |
| Investment Services | 1.36% |
| Metal Mining | 1.34% |
| Personal & Household Prods. | 1.11% |
| Real Estate Operations | 0.93% |
| Communications Services | 0.84% |
| Aerospace & Defense | 0.71% |
| Recreational Products | 0.7% |
| Misc. Financial Services | 0.61% |
| Healthcare Facilities | 0.54% |
| Insurance (Life) | 0.46% |
| Major Drugs | 0.43% |
| Tobacco | 0.41% |
| Electronic Instr. & Controls | 0.37% |
| Misc. Capital Goods | 0.36% |
| Oil & Gas - Integrated | 0.27% |
| Hotels & Motels | 0.25% |
| Fabricated Plastic & Rubber | 0.25% |
| Retail (Specialty) | 0.17% |
Risk Measurement
Understanding the risk associated with the fund is crucial for investors. The Sharpe Ratio, which measures risk-adjusted returns, is a key indicator of how well the fund compensates investors for the risk taken. Over the past year, the fund's Sharpe Ratio stands at 2.29, while the three-year and five-year ratios are 1.07 and 1.14, respectively. Sharpe ratio values above 1 are considered good, whereas values below 1 are considered bad.
In terms of volatility, the standard deviation over the same periods— 3.24% for one year, 3.98% for three years, and 5.33% for five years. Higher standard deviations indicate greater volatility, while lower ones suggest more stable returns.
Recent Portfolio Activity
In the last month, the fund acquired new positions in the following stocks:
| Stock Name | Holding (%) | No of shares | Holding Value |
|---|---|---|---|
| India Cements | 1.00% | 147669 | 5.38 |
| Punjab National Bank | 0.71% | 392000 | 3.84 |
| Gmr Airports | 0.70% | 472500 | 3.75 |
| Premier Energies | 0.59% | 31000 | 3.17 |
| DLF | 0.51% | 33825 | 2.78 |
The fund has increased its position in the following stocks:
| Stock Name | No of shares (Before purchase) | No of shares (After purchase) | Holding Value |
|---|---|---|---|
| HDFC Bank | 188399.0 | 138899.0 | 24.11 |
| Kotak Mahindra Bank | 78030.0 | 72430.0 | 12.54 |
| Larsen & Toubro | 48404.0 | 29354.0 | 10.64 |
| State Bank Of India | 185453.0 | 125453.0 | 10.29 |
| Axis Bank | 68750.0 | 58750.0 | 6.82 |
| Sun Pharmaceutical Industries | 36001.0 | 33551.0 | 6.21 |
| Tata Motors | 119197.0 | 70797.0 | 5.91 |
| Hero Motocorp | 12037.0 | 7537.0 | 3.77 |
| Hindustan Unilever | 15200.0 | 9800.0 | 2.48 |
| Aurobindo Pharma | 20432.0 | 16582.0 | 2.32 |
The fund has reduced its holding in the following stocks:
| Stock Name | No of shares (Before reduction) | No of shares (After reduction) | Holding Value |
|---|---|---|---|
| ACC | 11100.0 | 8700.0 | 2.02 |
Disclaimer: This is an AI-generated live story and has not been edited by LiveMint staff.
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