Edelweiss Recently Listed IPO Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 15, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss Recently Listed IPO Fund Direct Growth Plan has a NAV of ₹36.1863 as of 11 Sep 2026 and a scheme AUM of ₹1,230 Cr. Its 1-year, 3-year and 5-year returns are 22.04%, 17.45% and 12.53%, and it sits in the High Risk category.
Our view is that this is a focused equity strategy for investors who can accept sharper swings in return in exchange for participation in recently listed names. The fund has beaten its benchmark over 1 year, 3 years and 5 years, but the portfolio style and risk tag mean the better long-term numbers still come with meaningful volatility.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹36.1863 as of 11 Sep 2026 |
| AUM | ₹1,230 Cr |
| Expense Ratio | 0.97% |
| Launch Date | 22 Feb 2018 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 2% upto 180D, Nil after 180D |
| Fund Managers | Bhavesh Jain, Bharat Lahoti |
The fund is managed by Bhavesh Jain and Bharat Lahoti.
Source data date: as of 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 2.84% | -3.66% |
| 3M | 10.71% | -1.91% |
| 1Y | 22.04% | -7.62% |
| 3Y | 17.45% | 6.22% |
| 5Y | 12.53% | 5.84% |
Recent performance has been better than the benchmark across every observed period. The 1-month and 3-month numbers show a stronger near-term recovery than the benchmark, which stayed negative over both windows. That matters because this fund’s mandate is tied to recently listed names, a segment that can move quickly when sentiment improves and can also reverse just as fast.
The longer view is still constructive. The 3-year return of 17.45% is comfortably above the benchmark’s 6.22%, and the 5-year return of 12.53% also stays ahead of the benchmark’s 5.84%. That tells us the fund has not relied only on a short burst of momentum; it has also compounded better over fuller market cycles.
Even so, the path has not been smooth. The 1-year pattern shows clear swings rather than a straight line, which is consistent with the High Risk tag and with a portfolio built around recently listed companies. Our view is that the return profile has reward, but the journey to that outcome can be uneven. Investors comparing it with a plain market benchmark should expect that trade-off.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Edelweiss Recently Listed IPO?
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 Recently Listed IPO? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss Recently Listed IPO Fund Direct Growth Plan | 22.04% | 17.45% | 12.53% |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 69.16% | 37.12% | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 30.67% | Data not available | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 28.09% | Data not available | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 27.47% | Data not available | Data not available |
| SBI Automotive Opportunities Fund Direct Growth Plan | 27.05% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is below the strongest 1-year figures in this peer set, but its longer-horizon numbers remain available and useful for comparison. Against peers with reported 3-year data, its 17.45% is below one peer’s 37.12%, yet the fund still shows a positive and complete 5-year track record, which several peers do not disclose in this comparison set. That creates a mixed picture: the recent pace trails some peer strategies, while the longer record remains complete and positive.
For investors comparing only available return figures, the key difference is time horizon. Some peers show very strong recent one-year numbers, while this fund offers a steadier multi-year record that includes both 3-year and 5-year returns. That makes the comparison less about a single standout period and more about whether an investor values recent momentum or a fuller history across longer holding periods.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Prudential Asset MGMT Co Ltd. | Domestic Equities | 5.44% |
| LG Electronics India Ltd. | Domestic Equities | 5.31% |
| Ather Energy Ltd. | Domestic Equities | 4.82% |
| Clearing Corporation of India Ltd. | Cash & Cash Equivalents and Net Assets | 4.82% |
| Atlanta Electricals Ltd. | Domestic Equities | 4.29% |
| Billionbrains Garage Ventures Ltd. | Domestic Equities | 3.67% |
| Lenskart Solutions Ltd. | Domestic Equities | 3.39% |
| Tata Capital Ltd. | Domestic Equities | 3.2% |
| Sudeep Pharma Ltd. | Healthcare | 3.19% |
| Meesho Ltd. | Retailing | 3.17% |
The largest disclosed holding is ICICI Prudential Asset MGMT Co Ltd. at 5.44%, which is meaningful but not dominating on its own. The drop from the first holding to the tenth is gradual rather than steep, with the tenth holding still close to 3.17%, so the portfolio does not look like a one-name bet.
The top 10 holdings together account for approximately 41.3% of the portfolio, and the full disclosed list contains 49 holdings. That combination suggests a portfolio with a visible core but also a long tail of smaller positions. In our view, that structure may soften reliance on any single holding, while still leaving the fund exposed to the broader moves of recently listed equities.
To see all holdings, visit the Edelweiss Recently Listed IPO Fund Direct Growth Plan page
Source data date: as of 11 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk and are comfortable with a portfolio that can move sharply in the short term. The 1-year, 3-year and 5-year returns show that the strategy has been able to stay ahead of the benchmark, but the path has not been smooth, so the investment case depends on patience as much as performance.
It is better suited to a medium-to-long investment horizon than a short holding period. Investors who want exposure to recently listed companies may find the trade-off attractive, but they need to accept that such a strategy can behave differently from a broad market fund and may see wider swings around market sentiment.
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: 2% up to 180 days, nil after 180 days.
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss Recently Listed IPO Fund Direct Growth Plan?
The NAV is ₹36.1863 as of 11 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 22.04% over 1 year, 17.45% over 3 years and 12.53% over 5 years.
How does the fund compare with its benchmark?
It has beaten Nifty 50 across the 1-month, 3-month, 1-year, 3-year and 5-year periods shown here. The gap is especially clear over the longer periods.
How does it compare with the peer funds listed here?
Its 1-year return trails the strongest recent peer numbers, but it still has complete 3-year and 5-year figures that several peers in this comparison do not show. That gives it a steadier longer-history profile than some of the peer funds shown here.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund, and what is the exit load?
The fund is managed by Bhavesh Jain and Bharat Lahoti. The exit load is 2% up to 180 days and nil after 180 days.
Bottom line
Edelweiss Recently Listed IPO Fund Direct Growth Plan shows a clear pattern: the recent return profile is stronger than the benchmark, and the longer-term record also stays ahead, but the journey is uneven and aligned with a High Risk strategy. The portfolio is spread across 49 disclosed holdings, with the top positions visible but not overwhelmingly concentrated. For investors who want exposure to recently listed equities and can live with sharp movements, the fund offers a distinct style with a full multi-year performance record.
Published on 15 September 2026 at 4:00 PM 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.