logo

Edelweiss Recently Listed IPO Fund - Investment Objective, Features and about scheme

banner-img
author
verified
Manish Kothari
20 Likes | 707 days ago

Like

Share

isVerifiedExpertAuthor is a Zfunds Verified Expert
author
Manish Kothari
Gurugram
whatsapp

Edelweiss Recently Listed IPO Fund

Edelweiss Recently Listed IPO Fund is a mutual fund of Edelweiss Mutual Fund. Previously, it was known as Edelweiss Maiden Opportunites Fund and it was a close-ended fund having its maturity on 28th June 2021. However, after maturity i.e. from 29th June 2021, the fund will be converted into an open-ended scheme and will be renamed as Edelweiss Recently Listed IPO Fund.

The continuous sale and repurchase in the fund will start from 29th June 2021.

Investment Objective 

The investment objective of the scheme is to provide long-term capital growth by investing in equity and equity-related securities of recently listed 100 companies or upcoming Initial Public Offers (IPOs).

Features

  • The Fund will be investing at least 80% of its assets in equity and equity-related securities of recently listed 100 companies or upcoming Initial Public Offer (IPOs).
  • The fund also offers some exposure to debt & money market instruments.
  • The fund was incepted in February 2018.
  • As of 30th April 2021, the fund has generated a return of 14.3% vs 11.2% Nifty 500 (Benchmark).

Investment Strategy of Edelweiss Recently Listed IPO Fund

  • Fund gives the exposure to recent 100 IPOs to capture listing and post-listing gains.
  • Fund invests in new-age businesses which are getting listed.
  • Investments are done across the market caps.
  • Avoid investments in weak businesses.

Why invest in Edelweiss Recently Listed IPO Fund?

  • Fund gives easy access to IPOs.
  • Experienced fund managers lead to the right selection of companies.
  • Aims to benefit from listing and post-listing gains.

Top 10 Holdings of Edelweiss Recently Listed IPO Fund

StockWeightage
Dixon Technologies6.70%
Avenue Supermarts5.22%
Metropolis Healthcare4.40%
Larsen & Toubro Infotech 4.35%
ICICI Lombard General Insurance Company4.20%
HDFC Life Insurance Company4.10%
Aavas Financiers3.84%
HDFC Asset Management Company3.80%
Gland Pharma3.75%
SBI Life Insurance Company3.62%

*As of 31st May 2021

Edelweiss Maiden Opportunities Fund - Past Returns

 1 Year3 Years

Since Inception

(Feb 2018)

Edelweiss Maiden Opportunities Fund 68.93%12.98%14.28%
Nifty 500 TRI (Benchmark)55.74%10.45%11.21%

* As of 30th April 2021

 Who Should Invest?

This scheme is suitable for investors who are -

  • Interested in long-term capital growth.
  • Interested in investments in recently listed companies or IPOs.
  • Recommended for investors with an investment horizon of 3-5 years & above.

Asset Allocation Pattern

InstrumentsMinimum % of total assets (Indicative)Maximum % of total assets (Indicative)
Equity and Equity-related securities of recently listed 100 companies or upcoming Initial Public Offer (IPOs).80%100%
Equity and Equity-related securities of other than recently listed 100 companies or upcoming Initial Public Offer (IPOs).0%20%
Debt and Money market instruments0%20%

About the Scheme

Name of the fundEdelweiss Recently Listed IPO Fund
Fund launched byEdelweiss Mutual Fund 
Asset Management CompanyEdelweiss Asset Management Limited 
Type of schemeAn open-ended scheme investing in equity and equity-related securities of recently listed 100 companies or upcoming Initial Public Offer (IPOs)
Investment ObjectiveThe investment objective of the scheme is to provide long-term capital growth by investing in equity and equity-related securities recently listed 100 companies or upcoming Initial Public Offer (IPOs)
BenchmarkIndia Recent 100 IPO Index
Entry LoadNot Applicable
Exit Load

-If units redeemed or switched out within 180 days - 2% of applicable NAV

-If units are redeemed or switched out after 180 days - NIL

Taxation

Taxed as Equity

-If units are redeemed within 12 months, gains are taxed as short term capital gain tax @15%

-If units are sold after 12 months, gains are taxed as long term capital gain tax @10% on the gains exceeding ₹ 1 lakh in a financial year

Minimum Lumpsum Amount ₹ 5,000 & in multiple of ₹ 1 thereafter
Plans Available
  • Regular
  • Direct
Options
  • Growth
  • Income Distribution Cum Capital Withdrawal
Fund ManagersMr. Bharat Lahoti and Mr. Bhavesh Jain 

Get Investment Advice from India's Top Experts