AIF · Equity · CAT III - LONG SHORT
Nuvama Enhanced Dynamic Growth Equity [EDGE] Fund
Fund size₹1,828 Cr
Alpha (3Y)5.92%
3Y return15.69%
Fund age5 yrs 3 mo
Fund Managers
Nikhil Ranka
Nikhil Ranka
Fund Manager, AIF, NUVAMA
Mr Nikhil Ranka has over 15 years of investment management experience spanning portfolio management, research and Derivatives trading. Prior to Joining the Investment Manager he was part of the core Equity investment team at Reliance Industries Treasury managing approx USD 1billion portfolio. He has worked as a Research analyst for over 5 years at Lloyd George Management, a Hong Kong based boutique investment management firm with over USD 1.5 billion exposure to India covering oil & gas, capital goods and telecom sector. He has also worked with ICICI securities and Kotak Securities. He holds an MBA degree specializing in finance from Jamnalal Bajaj Institute of Management Studies, Mumbai and has completed his graduation from UICT (Mumbai) with a Bachelor’s degree in chemical engineering.
Managing AUM₹2,797 Cr
Ajay Vora
Ajay Vora
Fund Manager, PMS, NUVAMA
Mr. Ajay Vora has over a 15 years of investment management experience specialising in long only and long short equity strategies consistently generating alpha returns. Prior to joining Investment Manager he was heading Equity Investment team at Reliance Industries’ Treasury managing approx. USD $1 billion portfolio. With the help of an efficient team he managed to scale the portfolio from USD $200 million to USD $1 billion over 5 years. He started his career at Morgan Stanley as a materials sector analyst and then moved to ENAM Asset Management Company Private Limited (ENAM AMC). Over 6 years at ENAM AMC he managed to graduate from an analyst to Head of Research of fund with AUM of USD $1 billion. He was instrumental and part of core team to have managed to raise institutional money at ENAM AMC.
Managing AUM₹2,979 Cr
Growth of₹Cr
Nuvama Enhanced Dynamic Growth Equity [EDGE]
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Nuvama Enhanced Dynamic Growth Equity [EDGE]−2.25%5.72%4.01%15.69%17.06%18.15%
NIFTY 50 TRI−5.93%−0.43%0.06%8.57%10.41%11.42%
Excess over benchmark3.68%6.15%3.95%7.12%6.65%6.73%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Jul 2026.
Risk : What you take on to earn the return
Volatility
15.01%
Benchmark approx 13.38%
A standard deviation reflecting historical swings.
Sensitivity
1.04
Beta vs benchmark 1.00 · 4% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.66
Sharpe
Excess return gained per unit of volatility.
Capture ratio
122 / 92
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −16.27% from its 30 Dec 2025 peak to a 31 Mar 2026 trough. It has not yet recovered.
Max drawdowns
−16.27%
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme30 Dec 202531 Mar 2026−16.27%91 days––
Benchmark30 Aug 202428 Feb 2025−15.27%182 days––
Scheme
Peak30 Dec 2025
Trough31 Mar 2026
Depth−16.27%
Fell over91 days
Recovered–
Recovery took–
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−15.27%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Jul 2026
Portfolio Details : Where the money actually sits
Asset class
Equity
Top 5 holdings
Reliance Industries Ltd9.70%
HDFC Bank Ltd9.00%
Indus Towers Ltd4.60%
ICICI Bank Ltd4.50%
Axis Bank Ltd4.30%
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 13.33% gross return.
FixedPlan A · Simple
Fixed Management Fee2.25% / yr
Performance FeeNone
Hurdle RateNot applicable
VariablePlan B · Shared upside
Fixed Management Fee1.75% / yr
Performance Fee15% of profit
Hurdle RateAbove 10%
Lock-in: Nil.
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