Edelweiss Large & Mid Cap mutual fund review: A solid, consistent performer


ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
How the fund has performed

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Where the fund invests

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BASIC FACTS

  • Date of launch: 14 June 2007
  • Category: Equity
  • Type: Large & Midcap
  • AUM(As on 31 October 2021): Rs 1,061 crore
  • Benchmark: Nifty Large Midcap 250 Total Return Index

WHAT IT COSTS

NAV(As on 30 November 2021)

  • Growth Option: Rs 51.19
  • IDCW: Rs 20.52
  • Minimum Investment: Rs 5,000
  • Minimum SIP Amount: Rs 500
  • Expense Ratio(As on 31 October 2021) (%): 2.23

FUND MANAGER

Harshad Patwardhan

Tenure: 14 years, 6 months
Top 5 sectors in portfolio (%)

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Top 5 stocks in portfolio (%)

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Recent portfolio changes

  • New Entrants: ITC
  • Complete Exits: Ashoka Buildcon, BPCL, Cholamandalam Investment & Finance, CreditAccess Grameen.
  • Increasing allocation: Infosys, HDFC Bank, SBI Life, ITC, Navin Fluorine, Balkrishna Inds, Torrent Power, Atul, Minda Inds, SRF, Phoenix Mills, Sun Pharma, Indusind Bank, Trent, Reliance Inds, Crompton Greaves Consumer.

How risky is it?

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Source: Value Research

Should you buy?

In its earlier avatar as Edelweiss Equity Opportunities, the fund was run as a large-cap oriented fund. It was repositioned in the large-and-mid-cap category a few years ago. It continues to run a large-cap tilt with mid-cap exposure closer to the bare minimum expected.

The portfolio size has expanded slightly to diversify further given higher mid-cap allocation. The fund manager prefers quality businesses and avoids companies with low earnings visibility or weak managements. The fund has delivered consistently in recent years, while providing better downside protection than many of its peers. The presence of a proven fund manager provides comfort for the long haul.



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