Edelweiss Europe Dynamic Equity Off-shore Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Europe Dynamic Equity Off-shore Fund Direct Growth Plan has a NAV of ₹34.7015 as of 09 Sep 2026 and scheme AUM of ₹282 Cr. Its 1-year, 3-year and 5-year returns are 26.17%, 25.77% and 15.7%, and it carries a High Risk label.

Our view is that this is a fund for investors who can accept sharper swings in exchange for overseas equity exposure. The return pattern is strong over 1 year and 3 years, but the portfolio is very concentrated, so the outcome is likely to depend heavily on one main underlying holding.

Quick facts

Particular	Details
NAV	₹34.7015 as of 09 Sep 2026
AUM	₹282 Cr
Expense Ratio	1.51%
Launch Date	07 Feb 2014
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	-2.25%	-4.06%
3M	3.05%	1.37%
1Y	26.17%	-7.31%
3Y	25.77%	6.07%
5Y	15.7%	5.91%

The fund has recovered well in the recent quarter and year, but the shorter-term path has still been uneven. The 1-month figure is negative, yet it is still less weak than the benchmark, and the 3-month return shows the fund moving ahead of the index over the same window.

Over 1 year, the gap versus the benchmark is wide: 26.17% versus -7.31%. That is a very different picture from the index, which has remained weaker over the same period. The fund’s longer-term performance is also clearly stronger than the benchmark at 3 years and 5 years.

The time pattern suggests a fund that has not moved in a straight line, but has kept its longer-run compounding edge intact. Our view is that the recent pullback does not change the broader story, because the 3-year and 5-year numbers still show a meaningfully better outcome than the benchmark.

That said, the fund is not smooth. The return path shows periods of softness and recovery rather than a steady climb, so investors should be comfortable with intermittent volatility in exchange for the stronger longer-term trend.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Edelweiss Europe Dynamic 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Europe Dynamic Equity Off-shore Fund Direct Growth Plan	26.17%	25.77%	15.7%
Edelweiss Emerging Markets Opp Eq. Offshore Fund Direct Growth Plan	55.7%	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 the leading peer figures in this set, while its 3-year return sits close to the stronger peer cluster and its 5-year return is one of the better longer-run numbers among the available comparables. That mix tells a more balanced story than the one-year number alone.

In practical terms, the fund has not matched the strongest recent peer bursts, but its medium- and longer-term results remain competitive. The peer group also shows that some funds have stronger 1-year momentum but weaker 5-year outcomes, while this fund has a steadier 5-year outcome than several peers with higher short-term gains.

So the short-term and longer-term peer comparisons do tell different stories. The recent lag versus the strongest one-year peer returns matters, but the 3-year and 5-year figures suggest this fund still holds up well on compounding over a fuller market cycle.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Jpmorgan F-Europe Dynam-I-A	Overseas Mutual Fund Units	95.59%
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	4.53%

The largest holding is extremely dominant at 95.59%, so the fund’s outcome is likely to be driven mainly by the underlying JPMorgan Europe dynamic equity exposure. The second holding is cash and cash equivalents, which is much smaller and does not materially change the picture of concentration.

Because there are only two disclosed holdings, there is no long tail here. The gap from the largest position to the next is very steep, and that makes the portfolio profile much more focused than a broadly spread equity basket.

With the two disclosed holdings together accounting for 100% of the portfolio, the structure is highly concentrated rather than diversified across many positions. That concentration may help explain why the fund’s return path can look different from the benchmark and why changes in the main underlying holding may have a greater influence on results.

Source data date: as of 09 Sep 2026

Who should invest

This fund fits investors who are comfortable with a High Risk profile and can hold through uneven periods. The 1-year and 3-year numbers show strong recent compounding, while the benchmark comparison and the portfolio concentration both point to a fund that may behave quite differently from a broad domestic equity index.

The main trade-off is simple: you get overseas equity exposure and the chance of stronger longer-run returns, but you also accept concentration risk and shorter-term volatility. Investors with a longer horizon and a higher tolerance for fluctuation are better placed to consider the style of return this fund has produced.

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 as 1% on or before 90D, and there is no exit load after 90D.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Europe Dynamic Equity Off-shore Fund Direct Growth Plan?
The current NAV is ₹34.7015 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 26.17%, 25.77% and 15.7%.

How does the fund compare with its benchmark?
It has beaten the benchmark over 1 year, 3 years and 5 years. The benchmark return is -7.31% for 1 year, 6.07% for 3 years and 5.91% for 5 years.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the strongest peer one-year numbers in the list, but its 3-year and 5-year returns remain competitive. The shorter-term comparison and the longer-term comparison do not point to the same story.

What is the minimum SIP amount?
The minimum SIP amount 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

Edelweiss Europe Dynamic Equity Off-shore Fund Direct Growth Plan shows a stronger longer-run profile than its benchmark, but the recent path has been less smooth than the headline 1-year figure suggests. Against the peer set, its short-term return is not the strongest, while its 3-year and 5-year outcomes remain competitive. The portfolio is very concentrated, with one overseas mutual fund holding dominating the book, so this is a focused fund rather than a broad basket.

Published on 11 September 2026 at 1:04 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.