Edelweiss US Technology Equity FOF- Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss US Technology Equity FOF- Direct Growth Plan has a NAV of ₹40.3516 as of 11 Sep 2026 and an AUM of ₹4,348 Cr. Its 1-year, 3-year and 5-year returns are 19.89%, 28.54% and 15.15%, and it sits in the High Risk bucket.
Our view is that this is a concentrated overseas technology allocation, so the return path and risk label both matter. The fund has done well over 3 years and 5 years, but the recent 1-month and 3-month numbers are softer, which tells us the ride can be uneven even when the longer-term picture remains constructive.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹40.3516 as of 11 Sep 2026 |
| AUM | ₹4,348 Cr |
| Expense Ratio | 1.51% |
| Launch Date | 05 Mar 2020 |
| 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 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.64% | -4.81% |
| 3M | -6.37% | -3.63% |
| 1Y | 19.89% | -8.27% |
| 3Y | 28.54% | 5.59% |
| 5Y | 15.15% | 5.58% |
The short-term pattern has been mixed. The fund declined over 3 months and 1 month, but the 1-month fall was still less severe than the benchmark’s decline over the same period. That tells us the portfolio was not immune to recent pressure, yet it held up better than the benchmark in the very latest window.
The longer view is much stronger. Over 1 year, 3 years and 5 years, the fund has stayed ahead of the benchmark by a wide margin, which suggests the underlying exposure has delivered meaningful compounding across a full market cycle. The 3-year figure is especially strong and shows that the fund has not relied only on one good recent stretch.
We also see that the path has not been smooth. The time pattern points to a sharp drawdown and later recovery, followed by a fresh pullback in the most recent months. For investors, that means the return profile is attractive over longer holding periods, but it can still move sharply with global technology sentiment.
Overall, our view is that the fund’s recent softness does not erase the longer-term picture, but it does remind investors that this is not a steady, low-volatility overseas equity sleeve.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Edelweiss US Technology Equity FOF-?
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 US Technology Equity FOF-? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss US Technology Equity FOF Direct Growth Plan | 19.89% | 28.54% | 15.15% |
| Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan | 51.07% | 29.06% | 11.72% |
| HSBC Global Emerging Markets Fund Direct Growth Plan | 48.37% | 28.84% | 12.35% |
| Kotak Global Emerging Market Overseas Equity Active FOF Direct Growth Plan | 41.62% | 26.7% | 12.34% |
| HSBC Asia Pacific (Ex Japan) DYF Direct Growth Plan | 36.07% | 27.94% | 15.17% |
| DSP Global Clean Energy Overseas Equity Omni FoF Direct Growth Plan | 35.75% | 18.98% | 12.39% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, this fund trails several of the peer funds listed above, so the recent stretch has been less striking than the better-performing overseas peers. That said, the comparison looks more balanced over longer periods: its 3-year return is close to the stronger peer set, and its 5-year return is also competitive with the peer group shown here.
The short-term and longer-term stories are therefore not the same. Recent numbers point to a softer phase, but the 3-year and 5-year figures suggest the fund has still delivered meaningful long-horizon growth. For investors, that makes the comparison more about consistency of exposure than about a single standout year.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Jpmorgan F-Us Technology-I A | Overseas Mutual Fund Units | 95.37% |
| Clearing Corporation of India Ltd. | Cash & Cash Equivalents and Net Assets | 4.74% |
The largest holding is Jpmorgan F-Us Technology-I A at 95.37%, which means the fund’s performance is likely to be driven primarily by a single underlying overseas technology exposure. In practical terms, this can create a very direct link between the fund’s returns and the overseas technology theme it follows.
The weight then drops sharply to 4.74% in cash and cash equivalents. With only two disclosed holdings and a combined disclosed weight of 100%, the portfolio appears highly concentrated rather than spread across many positions. That concentration may support a focused theme exposure, but it also means there is little diversification within the disclosed holdings set.
Because the disclosed holdings count is just two, the portfolio structure looks unusually simple compared with many diversified equity funds. Our view is that the single overseas mutual fund unit will likely have greater influence on day-to-day movement than any secondary holding, so investors should be comfortable with that concentrated setup.
Source data date: as of 11 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk exposure and who can hold on through periods of uneven performance. The 1-year, 3-year and 5-year numbers show stronger long-term compounding than short-term smoothness, so a multi-year horizon is important.
It also fits investors who want overseas technology exposure rather than a broad domestic equity mix. The trade-off is clear: the longer-term return pattern has been solid, but the recent softness and the concentrated portfolio mean the journey can be volatile.
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: 1% on or before 90D, Nil after 90D.
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss US Technology Equity FOF- Direct Growth Plan?
Its NAV is ₹40.3516 as of 11 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 19.89% for 1 year, 28.54% for 3 years and 15.15% for 5 years.
How does it compare with the benchmark?
It has outpaced the benchmark across 1 year, 3 years and 5 years. The benchmark returns are -8.27%, 5.59% and 5.58% for those periods.
How does it compare with other overseas peers on recent returns?
Its 1-year return is below several of the peer funds listed here, while its 3-year and 5-year returns remain broadly competitive within that group.
What is the minimum SIP?
The minimum SIP is not stated here, so we are not listing one.
Who manages the fund and what is the exit load?
The fund is managed by Bhavesh Jain and Bharat Lahoti. The exit load is 1% on or before 90D and nil after 90D.
Bottom line
This fund shows a clear split between recent softness and stronger long-term compounding. Its short-term returns have been uneven, but the 3-year and 5-year figures are materially better than the benchmark and still hold up well against the peer set shown here. The High Risk label and the very concentrated portfolio mean investors need comfort with theme-driven volatility. For those seeking a focused overseas technology allocation with a multi-year horizon, the fund’s structure and longer-term record are the main draw.
Published on 16 September 2026 at 2:51 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.