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This Mutual Fund Ticked 29.90% Annualised Returns In 2 Years, Major Holdings In Banking Stocks
Depending on the needs of the investor, mutual funds have become a useful financial tool for accumulating capital for a variety of financial goals. Mutual fund investing offers a variety of benefits that can help investors attain their financial goals, from the fund kinds and investment horizon to the potential profits. However, investors may want to play it safe with their investments even when they wish to invest in a particular sector like banking. In such a case, having knowledge about the fund makes investment decisions easy.
Edelweiss Large & Mid Cap Fund is an equity Large & Midcap Mutual Fund scheme rated by mutual fund rating agencies. The fund has a major holding in equities particularly in financial sector stocks. These financial sector stocks include major banking stocks Let's understand this large & midcap equity mutual fund in detail for a better-investing strategy.
Edelweiss Large & Mid Cap Fund
Edelweiss Large & Mid Cap Fund recently turned 15 years, it was launched on 14 June 2007 by the Edelweiss Mutual Fund. It has been rated 5-star by Value Research and 4-star by CRISIL, respectively. As mentioned earlier, it is an equity large & midcap mutual fund scheme with major holdings in equity stocks. It is an open-ended mutual fund scheme. The fund aims to generate income and long-term capital growth from a diversified portfolio of Large Cap and Mid Cap equity and equity-related securities.
Fund Details
The fund under the Direct Plan option has worth Rs 1293.16 crore of Assets Under Management (AUM). Its expense ratio is 0.55%, which is less than its category average expense ratio of 0.95%. The Net Asset Value (NAV) of the fund as of July 7, 2022, is Rs. 54.549. NIFTY Large MidCap 250 Tri is the fund's benchmark.
To start investing in this fund, the minimum required amount is Rs 5,000 for lump-sum investments. To start SIP in this fund, the minimum amount required is Rs 500. On the other hand, for additional investment, the minimum investment amount required is Rs 500. Investors should note, that there is no lock-in period here in this fund. However, the fund charges 1% for redemption within 365 days of the investment.
Annualised Returns
Lump-Sum Returns
| 1 Year | 2 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
| 2.68% | 29.90% | 16.80% | 13.92% | 15.11% |
SIP Returns
It has given negative returns on investment on 1 Year SIP.
| 1 Year | 2 Year | 3 Year | 5 Year |
|---|---|---|---|
| -6.53% | 14.04% | 19.11% | 15.86% |
Portfolio
As the fund is an equity fund, it has major investments in Equity instruments, particularly in financial sectors. The fund has 95.32% investment in domestic equities of which 46.41% is in Large Cap stocks, 20.54% is in Mid Cap stocks, and 13.96% in Small Cap stocks.
Fund's major sector holdings other the financials sectors include Capital Goods, Automobile, Technology, Healthcare, Energy, Chemicals, Construction, Services, Consumer Staples, Materials, Mineral & Mining, Consumer Discretionary, Communication, Insurance & Diversified sectors.
Major Holding in Banking Stocks
As stated earlier, the fund has major holdings in financial equity instruments, and these major financial equity holds include major banks, both private & Public sector banks. These major banking stock holdings include 3 large-cap private sector bank Stock and 1 public sector large-cap banking stock. It has also holdings in HDFC Ltd, a large-cap NBFC stock.
Top Banking & Financials Sector Stocks Holdings as on June 30, 2022
| Stocks | % Assets |
|---|---|
| ICICI Bank | 7.83% |
| HDFC Bank | 3.65% |
| Axis Bank | 3.34% |
| SBI | 3.03% |
| HDFC | 2.23% |
Other than these 5 financial sector holdings the fund has major holdings in Reliance Industries, Infosys, Navin Florine International, ABB India Ltd, Trent, Crompton Greaves Consumer Electricals, Bharti Airtel, Cholamandalam Investment & Finance Company, Sun Pharmaceuticals industries, Cummins India, Maruti Suzuki India, Tata Motors and few others.
Disclaimer
Mutual funds investment are subject to market. Read all terms & conditions carefully before investment. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
