Edelweiss Multi Asset Omni FoF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Multi Asset Omni FoF Direct Growth Plan is at ₹11.5827 as of 18 Sep 2026, with scheme AUM of ₹532 Cr. Its 1-year, 3-year and 5-year returns are 12.59%, Data not available and Data not available, and the scheme sits in the High Risk category.

Our view is that the fund has shown a useful one-year recovery, but the longer record is still too short to judge consistency. The portfolio structure leans heavily on underlying fund-of-fund exposures, ETFs and sector/thematic funds, so it may suit investors who can tolerate higher swings and want multi-asset style diversification rather than a plain equity core.

Quick facts

Particular	Details
NAV	₹11.5827 as of 18 Sep 2026
AUM	₹532 Cr
Expense Ratio	0.83%
Launch Date	03 Sep 2025
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 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.87%	-3.73%
3M	0.5%	-3.14%
1Y	12.59%	-5.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent pattern has been uneven but constructive. The one-month figure is still negative, yet it is less weak than the benchmark, while the three-month return has turned slightly positive even as the benchmark remains negative. That suggests the fund has been able to hold up better than the index in the shorter windows, even if the path has not been smooth.

The one-year return is the clearest positive signal in the record so far. At 12.59%, it stands well ahead of the benchmark’s -5.31% over the same period, which points to a much stronger 12-month outcome than the market bar used here. Because this scheme was launched in September 2025, there is no meaningful 3-year or 5-year history to read as a long cycle. For that reason, the recent one-year number matters more than a longer compounding story at this stage.

Looking at the pattern of movement through the year, the fund has experienced both advances and drawdowns rather than a straight line higher. Even so, the direction over the trailing year is positive, and the benchmark comparison is clearly favourable on the available horizons. Our read is that the fund is behaving more like a higher-variance multi-asset solution than a stable return stream.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD Edelweiss Multi Asset Omni 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Multi Asset Omni FoF Direct Growth Plan	12.59%	Data not available	Data not available
SBI Silver ETF FOF Direct Growth Plan	83.05%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	82.92%	46.3%	Data not available
Axis Silver FoF Direct Growth Plan	80.98%	46.23%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	80.88%	Data not available	Data not available
Nippon India Silver ETF FOF Direct Growth Plan	80.26%	45.77%	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is much lower than the peer group names listed here, especially the silver ETF FoF options that have sharply higher one-year numbers. At the same time, its comparison is less clear on longer horizons because the fund itself does not yet have 3-year or 5-year return history, while some peers do show multi-year figures. That makes the current fund look more like a newer, shorter-history product than a scheme with a proven long-run record.

For an investor, the key takeaway is that the available peer set points to a very different short-term return profile. The current fund has outperformed the benchmark on the periods that are available, but it has not matched the standout one-year numbers shown by several peers. The short-term and longer-term comparisons therefore tell different stories: the fund has beaten its benchmark, but it still lacks the deeper track record that some peers can show.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Edelweiss Nifty Largemidcap 250 ETF	Domestic Mutual Funds Units	29.93%
Edelweiss Focused Fund-Direct Pl-Growth	Domestic Mutual Funds Units	12.44%
Edelweiss Banking & PSU Debt FD-DR PL-GR	Domestic Mutual Funds Units	11.9%
Edelweiss Gold ETF	Domestic Mutual Funds Units – Gold	10.31%
Edelweiss Silver ETF	Domestic Mutual Funds Units – Silver	10.31%
Edelweiss Recent Listed Ipo FD DR PL GR	Domestic Mutual Funds Units	7.93%
Edelweiss Technology Fund-Dr Pl-Growth	Domestic Mutual Funds Units	5.15%
Edelweiss Consumption Fund-Dr-Growth	Domestic Mutual Funds Units	4.94%
Edelweiss Large Cap Fund-Dr Plan-Growth	Domestic Mutual Funds Units	4.94%
Edelweiss Fin Ser Fund- DR PL GRWTH	Domestic Mutual Funds Units	2.01%

The largest holding, Edelweiss Nifty Largemidcap 250 ETF, carries a 29.93% weight, so it is likely to have the biggest influence on day-to-day movement among the disclosed positions. The drop from that position to the tenth holding, at 2.01%, is steep, which tells us the portfolio is not evenly spread across all holdings.

The top 10 holdings together account for approximately 99.86% of the portfolio, and the fund discloses 10 holdings in total. That means the visible portfolio is highly concentrated in a small set of underlying funds and ETFs rather than being spread across a long tail of many small positions. The mix also spans equity, debt and precious-metal exposures, so returns may reflect several drivers at once rather than a single market segment.

Because the disclosed holdings are so dominant within the portfolio, changes in the largest few positions may matter more than the smaller ones. At the same time, the presence of gold, silver, debt and sector funds suggests the structure may be intended to balance exposure across different return sources. That can help diversification at the portfolio level, but it can also make short-term performance less uniform.

Source data date: as of 18 Sep 2026

Who should invest

This fund may suit investors who can accept high volatility and are comfortable with a multi-asset structure that includes equity, debt, gold, silver and thematic exposures. The benchmark comparison is positive on the periods available, but the return path has still been choppy, so the holding period should be long enough to absorb swings.

The main trade-off is between diversification and consistency. The portfolio is spread across several underlying funds and asset types, which may reduce dependence on a single market driver, but the scheme still carries a High Risk label and the short history limits confidence in how it behaves across a full cycle. Investors looking for a steadier return pattern may find that trade-off too wide.

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% if units are sold on or before 90 days; nil after 90 days.

Source data date: as of 18 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Multi Asset Omni FoF Direct Growth Plan?

The current NAV is ₹11.5827 as of 18 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 12.59%, while the 3-year and 5-year returns are Data not available.

How has the fund performed against Nifty 50?

It has outperformed Nifty 50 on the available 1-month, 3-month and 1-year periods. The 1-year return is 12.59% versus -5.31% for the benchmark.

How does it compare with the peer funds listed here?

Its 1-year return is lower than the peer names shown here, while several peers also have longer return histories that this fund does not yet have.

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 1% if units are sold on or before 90 days, and nil after 90 days.

Bottom line

This scheme’s short-term record is better than its benchmark on the available periods, but it does not yet have a long performance history to support a full cycle judgment. Peer comparison also shows a much stronger short-term return profile among several silver ETF FoF funds, so this fund’s appeal is less about standout trailing returns and more about its multi-asset structure. The High Risk label, concentrated top holdings and mix of equity, debt and precious-metal exposures make it most relevant for investors who are comfortable with higher variability and a newer track record.

Published on 21 September 2026 at 9:49 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.