Edelweiss Greater China Equity Off-shore Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 11, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss Greater China Equity Off-shore Fund Direct Growth Plan has a NAV of ₹73.12 as of 09 September 2026 and a scheme AUM of ₹3,078 Cr. Its 1-year, 3-year and 5-year returns are 31.80%, 24.01% and 6.11%, and the fund sits in the High Risk category. In our view, it suits investors who can accept sharp swings in exchange for overseas equity exposure, but its longer holding-period returns show that the ride has not been smooth.
The fund’s recent momentum is stronger than its longer-term compounding profile, and the portfolio is highly concentrated in just two overseas mutual fund units. That makes it better suited to investors who understand the risk of a focused country-specific strategy and are comfortable with uneven performance across market cycles.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹73.12 as of 09 Sep 2026 |
| AUM | ₹3,078 Cr |
| Expense Ratio | 1.52% |
| Launch Date | 02 Jan 2013 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Fund of Fund |
| Exit Load | 1% on or before 90D, Nil after 90D |
| Fund Managers | Bhavesh Jain, Bharat Lahoti |
The fund is managed by Bhavesh Jain and Bharat Lahoti.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.64% | -4.06% |
| 3M | 0.16% | 1.37% |
| 1Y | 31.80% | -7.31% |
| 3Y | 24.01% | 6.07% |
| 5Y | 6.11% | 5.91% |
The fund has recovered well over the past year, but the short-term numbers need to be read against a more uneven longer-term path. The 1-year return is far better than the benchmark’s decline over the same period, which suggests the fund benefited from a different pattern of overseas market moves than the Nifty 50.
Over 3 years, the fund’s 24.01% return is clearly ahead of the benchmark’s 6.07%, so the medium-term picture is still constructive. The 5-year return, at 6.11%, is only slightly ahead of the benchmark’s 5.91%, which tells us that the stronger recent stretch has not fully translated into a wide long-term gap.
The daily pattern behind the longer periods shows volatility rather than a smooth climb. There were stretches of weakness followed by recoveries, which is consistent with a fund that can move sharply when its underlying overseas exposure changes direction. That kind of behaviour can help in strong phases, but it also means returns may not compound steadily.
For investors, the key point is that the recent 1-year strength is more impressive than the 5-year outcome. In our view, that makes the fund more dependent on entry timing and market cycle than on a steady, predictable compounding profile.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD Edelweiss Greater China Equity Off-shore?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Edelweiss Greater China Equity Off-shore? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss Greater China Equity Off-shore Fund Direct Growth Plan | 31.80% | 24.01% | 6.11% |
| Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan | 55.70% | 29.52% | 11.97% |
| HSBC Global Emerging Markets Fund Direct Growth Plan | 52.99% | 29.63% | 12.76% |
| Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan | 46% | 27.35% | 12.66% |
| HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan | 39.66% | 28.4% | 15.47% |
| HSBC Brazil Fund Direct Growth Plan | 36.09% | 16.75% | 9.97% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return is below all five peer funds listed here, even though it still remains positive. Over 3 years, it sits below the two emerging-markets peers but above the Brazil fund, which shows that the middle of the pack is tighter over longer stretches than it is over 1 year.
The 5-year figure is also modest relative to most of the peer set, which suggests this fund has not matched the longer-horizon compounding shown by several overseas equity peers. The short-term story is therefore weaker than the best peer numbers, while the long-term story is more mixed and less differentiated.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| JPM Greater China-I-I2 Usd | Overseas Mutual Fund Units | 52.33% |
| JPM Greater China-I Ac | Overseas Mutual Fund Units | 44.32% |
| Clearing Corporation of India Ltd. | Cash & Cash Equivalents and Net Assets | 3.32% |
The largest holding alone accounts for 52.33% of the portfolio, so a single overseas fund unit is likely to have the greatest influence on day-to-day movements. The second holding is also very large at 44.32%, which means the portfolio is dominated by just two positions rather than spread widely across many names.
The weight drop from the first holding to the third is steep, with cash and net assets taking only 3.32%. Because the disclosed holding list contains just three rows, the fund looks highly concentrated in practice, and that concentration could make performance more dependent on the behaviour of the underlying China exposure.
Since the top holdings account for 99.97% of the portfolio, there is very little visible tail beyond the two main overseas holdings. In our view, that structure may magnify both upside and downside when the underlying China-focused sleeve is moving strongly in either direction.
Source data date: as of 09 Sep 2026
Who should invest
This fund fits investors with a high tolerance for volatility and a long enough horizon to ride through sharp phase changes. The 1-year and 3-year numbers are much stronger than the 5-year outcome, so the return pattern points to a fund that can rebound strongly but may not deliver smooth compounding.
The main trade-off is concentration: investors get a focused China exposure through a fund-of-fund structure, but the portfolio is heavily concentrated in two overseas mutual fund units. That means the fund may work better as a satellite allocation for investors who already understand overseas equity risk and want return potential without expecting benchmark-like steadiness.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load applies at 1% if units are sold on or before 90 days. There is no exit load after 90 days.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss Greater China Equity Off-shore Fund Direct Growth Plan?
The current NAV is ₹73.12 as of 09 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 31.80%, its 3-year return is 24.01% and its 5-year return is 6.11%.
How has the fund done versus its benchmark?
It has outpaced the benchmark across 1-year, 3-year and 5-year periods. The biggest gap is in the 1-year figure, where the fund is positive while the benchmark is negative.
How does the fund compare with the listed peer funds?
Its 1-year return is below the listed peer funds, while its 3-year and 5-year figures are more mixed and closer to the lower-middle part of the peer set.
What is the minimum SIP amount?
The minimum SIP amount is not listed here.
Who manages the fund and what is the exit load?
The fund is managed by Bhavesh Jain and Bharat Lahoti. Exit load is 1% if units are sold on or before 90 days, and nil after 90 days.
Bottom line
This fund shows a clear split between stronger recent returns and a more modest 5-year outcome. It has done better than the benchmark over every stated period, but several peer funds have delivered stronger longer-term figures. The risk profile is High Risk, and the portfolio is tightly concentrated in two overseas mutual fund units, so movements in the underlying China exposure are likely to matter a lot. It is more appropriate for investors who can handle volatility and want a focused overseas allocation rather than a steadier core holding.
Published on 11 September 2026 at 10:15 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.