Edelweiss Large Cap Fund

Diversified

Equity

India Super Value

Large Cap

Others

Aggressive growth Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Edelweiss Large Cap Fund Growth invests in large, stable Indian companies for steady long-term growth.

What This Strategy Does

Edelweiss Large Cap Gr is an equity large-cap fund which captures India's ₹200 trillion market capitalization through a quantitative, multi-factor approach, deploying capital across financials, industrials, and consumer sectors to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient performance across market cycles, outperforming its category peers in 3 out of the past 12 years while delivering benchmark-relative outperformance over the 10-year period.

Differentiated Construction

The fund's quantitative process results in a distinct portfolio construction compared to peers, with a bias towards the healthcare sector and overweight positions in stocks like Reliance Industries and ICICI Bank.

Earnings Revisions Catalyst

The fund is well-positioned to benefit from an uptick in corporate earnings revisions, given its overweight exposure to cyclical sectors like industrials and financials trading at reasonable valuations.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

-1.6% AnnuallyAlpha

+11.3% vs +9.9% benchmarkSince Inception

+9.0% vs +6.3% benchmark3Y Annualized

+8.7% vs +6.5% benchmark5Y Annualized

Edelweiss Large Cap Fund

Benchmark Index

Benchmark Performance Comparison

Edelweiss Large Cap Advantage Fund

NIFTY 50

Risk Profile

Standard Deviation16.3%

Maximum Drawdown-16.5% | Oct 2024

Sharpe Ratio-0.27

Beta0.95

Upside Capture96%

Detailed Risks

Market Risk

Potential recession in India driven by slowing global growth could undermine earnings.

Liquidity Risk

High mid-cap exposure could face liquidity stress during volatility spikes.

Concentration Risk

Concentrated large-cap holdings face idiosyncratic risks from competitive pressures.

Specific Strategy Risk

Regulatory changes impacting key sectors could pressure growth strategies.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Provides portfolio stability through exposure to India's most resilient businesses—companies that have demonstrated the ability to grow earnings across economic cycles. These market leaders typically reinvest cash flows into sustainable competitive moats, translating into steady wealth creation without dramatic volatility. Suitable for investors seeking predictable compounding with lower downside risk.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with an attractive entry point supported by consumption recovery, earnings normalization, and capex revival. While risks such as margin pressures remain, the fund's tilt towards consumer, financial services, and technology positions it to capitalize on these trends.

Why This Strategy is Attractive Now

The strategy seems well-positioned, with exposure to market leaders across consumer cyclicals, defensives, financials, and technology. Its balanced approach, with around 70 holdings and moderate risk metrics, could allow it to navigate the cycle adeptly. The diversified yet risk-conscious positioning aligns with the current environment.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth approach, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations across a mix of large and mid-cap market segments.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth strategy focused on companies with pricing power, recurring revenue streams, and strong balance sheets may provide a degree of defensiveness while participating in secular growth opportunities.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas through a combination of quantitative screening for quality metrics like high returns on capital, stable cash flows, and balance sheet strength, complemented by fundamental research into long-term competitive positioning and growth runways. Selection: The selection process suggests a preference for companies operating in sectors with attractive secular tailwinds, proven business models, and the ability to compound earnings through cycles, balanced against strict valuation criteria to avoid excessive multiples. Construction: Portfolio construction is consistent with a multi-cap core approach, maintaining exposure across sectors and market capitalizations, with individual position sizes reflecting conviction levels while adhering to prudent diversification practices.

Portfolio Holdings Overview

SectoralAllocation

Energy & Infra7.75%

Services14.07%

Technology4.63%

Capital Goods14.7%

Financial Services33.93%

Consumers21.82%

Utilities3.11%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Clearing Corporation Of India Ltd.Utilities7.78%

HDFC Bank LtdFinancial Services6.99%

ICICI Bank LtdFinancial Services6.47%

Reliance Industries LtdEnergy & Infra5.94%

Larsen & Toubro LtdCapital Goods4.25%

Bharti Airtel LtdServices3.82%

State Bank of IndiaFinancial Services3.62%

Mahindra & Mahindra LtdConsumers3.13%

Bajaj Finance LtdFinancial Services2.97%

Future on Infosys LtdUtilities2.97%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Bharat Lahoti

Mr. Bharat Lahoti has experience of 19 years. Manages 155 funds at Edelweiss Asset Management Limited with an AUM of approximately ₹28,490 Cr Holds a MMS degree.

19 years

Combined Team Experience

₹ 28,490 Cr

Assets Under Management

CW Expert Take

Edelweiss brings capital markets expertise to fund management. Their investment teams leverage deep sectoral knowledge from the parent group's domain experience. The fund house combines fundamental research with market structure understanding, useful across equity positioning and credit cycle navigation.

Firm Overview

Total AUM₹1,80,658.3 Cr

Investment Philosophy & Approach

Disciplined Approach

Edelweiss follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is deeply embedded in the investment decision process.

Long-Term Mindset

Edelweiss maintains a long-term investment horizon and capital allocation mindset.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.12%

Exit Load1

Regulatory & Tax Information

INF754K01046

ISIN

DailyDealing Frequency

BSE 100 India TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)