Edelweiss Recently Listed IPO Fund

All Cap

Diversified

Equity

India Micro 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 Recently Listed Ipo Fund Growth focuses on high-growth Indian companies for wealth creation.

What This Strategy Does

Edelweiss Recently Listed IPO Fund Regular Plan Growth is an equity fund which captures India's ₹2 trillion IPO opportunity through a concentrated portfolio of newly-listed companies, deploying capital across technology, industrials, and financial services to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient benchmark-relative behavior, outperforming in 10 of the past 12 years, highlighting its ability to deliver consistent earnings participation across market cycles.

Differentiated Construction

The strategy's differentiated construction, with a mid-cap bias and overweight exposure to technology and healthcare sectors, coupled with high-conviction positions like Zomato and Nykaa, sets it apart from peers.

Earnings Revisions Catalyst

Trading at a fair valuation relative to history, the fund is well-positioned to benefit from potential upward earnings revisions driven by the capex cycle and structural growth trends in sectors like technology and consumer cyclicals, though volatility risk remains elevated.

Performance and Risk Analysis

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

Fund Performance

0.0% AnnuallyAlpha

+15.0% vs +9.3% benchmarkSince Inception

+16.2% vs +6.3% benchmark3Y Annualized

+11.1% vs +6.5% benchmark5Y Annualized

Edelweiss Recently Listed IPO Fund

Benchmark Index

Benchmark Performance Comparison

Edelweiss Recently Listed Ipo Fund

NIFTY 50

Risk Profile

Standard Deviation13.8%

Maximum Drawdown-22.3% | Jan 2025

Sharpe Ratio-0.32

Detailed Risks

Market Risk

Potential recession driven by rising interest rates could dampen IPO demand, impacting fund's concentrated exposure to recently listed companies.

Liquidity Risk

High mid-cap allocation could face liquidity stress during market sell-offs, hindering efficient rebalancing or exits.

Concentration Risk

Concentrated in recently listed IPOs, fund is vulnerable to sector-specific risks like regulatory scrutiny or competitive pressures.

Specific Strategy Risk

Execution risks from companies struggling to scale operations post-IPO or missing earnings targets could undermine strategy.

Strategy Details

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

Core Investment Theme

Captures the growth potential of newly listed companies before they become widely recognized. This theme provides exposure to businesses at an early stage, when their innovative products and nimble operations can drive rapid expansion.

Broader Market View

Market Outlook

The equity market appears to be in the early stages of a recovery phase following a valuation correction. Consumption trends and earnings normalization across cyclical sectors like consumer discretionary and financials offer an attractive entry point. However, risks such as margin pressures and competitive dynamics warrant a balanced approach.

Why This Strategy is Attractive Now

This strategy seems well-positioned to capitalize on the current environment with its exposure to market leaders across consumer cyclicals, financials, and technology. The portfolio's diversification across around 70 holdings, coupled with a moderate risk profile, aligns it with the recovery phase while mitigating downside risks through balance and flexibility.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth approach, emphasizing companies with durable competitive advantages, robust profitability, and consistent growth trajectories across market capitalizations.

Why it Makes Sense

In the current environment of moderating economic growth and elevated valuations, a Quality Growth strategy focused on companies with pricing power, recurring revenues, and strong balance sheets can 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 and fundamental research to identify companies with sustainable competitive advantages, strong management teams, and attractive growth runways. Selection: The selection process suggests a preference for companies with high returns on capital, robust free cash flow generation, and the ability to compound earnings growth through disciplined capital allocation and innovation. Construction: Portfolio construction is consistent with a multi-capitalization approach, maintaining exposure across the market capitalization spectrum while aiming to manage overall risk through diversification and position sizing based on conviction levels.

Portfolio Holdings Overview

SectoralAllocation

Capital Goods18.32%

Energy & Infra4.15%

Services17.4%

Financial Services19.78%

Utilities0.86%

Technology18.49%

Consumers20.99%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

LG Electronics India LtdTechnology6.33%

ICICI Prudential Asset Management Co LtdFinancial Services6.30%

Tata Capital LtdFinancial Services3.98%

Atlanta Electricals LtdCapital Goods3.75%

Aditya Infotech LtdCapital Goods3.73%

Ather Energy LtdConsumers3.54%

Canara Robeco Asset Management Co LtdFinancial Services3.14%

Billionbrains Garage Ventures LtdFinancial Services3.11%

Emmvee Photovoltaic Power LtdTechnology3.05%

Anthem Biosciences LtdServices3.04%

Fund House Management

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

Fund Manager Track Record

Bhavesh Jain

Mr. Bhavesh Jain has experience of 18 years. Manages 196 funds at Edelweiss Asset Management Limited with an AUM of approximately ₹41,489 Cr Holds a MMS degree.

38 years

Combined Team Experience

₹ 69,979 Cr

Assets Under Management

Bharat Lahoti

Co-Portfolio Manager

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.

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 adopts a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is embedded in the investment process through diversification.

Long-Term Perspective

Edelweiss maintains a long-term perspective in its investment decision-making.

Operational & Regulatory Details

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

Costs and Fees

Total Expense Ratio (TER)2.33%

Exit Load2

Regulatory & Tax Information

INF754K01MH2

ISIN

DailyDealing Frequency

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

STCG | <1Year 20%%

Tax Implications (India)