Edelweiss Technology Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Technology Fund Direct Growth Plan has a NAV of ₹12.9995 as of 16 Sep 2026 and an AUM of ₹810 Cr. Its 1-year, 3-year and 5-year returns are 6.78%, 0% and 0%, and it sits in the High Risk category.

Our view is that this is a focused technology-led equity fund with a concentrated top-book and meaningful overseas exposure in its largest names. The recent return trend is better than the benchmark, but the longer record is still short because the scheme launched on 05 Mar 2024, so investors should treat it as a high-volatility allocation rather than a core holding.

Quick facts

Particular	Details
NAV	₹12.9995 as of 16 Sep 2026
AUM	₹810 Cr
Expense Ratio	0.59%
Launch Date	05 Mar 2024
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 90D, Nil after 90D
Fund Managers	Sumanta Khan, Trideep Bhattacharya, Mehul Dalmia, Amit Vora

The fund is managed by Sumanta Khan, Trideep Bhattacharya, Mehul Dalmia and Amit Vora.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.99%	-3.66%
3M	5.71%	-3.71%
1Y	6.78%	-7.13%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The most recent month was weak in absolute terms, but the fund still held up better than the benchmark. Over three months, the gap widened sharply because the fund stayed positive while the benchmark remained negative. That tells us the portfolio has been able to absorb broad-market pressure better than the index in the near term.

The 1-year figure also stays ahead of the benchmark, which matters more than a single strong month because it shows the fund did not depend only on one brief rally. Even so, the available record is still young, and we do not have a true 3-year or 5-year performance history to test whether the shorter-term edge is durable.

The movement pattern over the trailing periods suggests noticeable ups and downs rather than a smooth path. There was a recovery phase after earlier weakness, followed by some give-back in the latest month. For investors, that combination usually signals a fund that can participate when the theme works, but can also move around materially when sentiment changes.

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

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Edelweiss Technology?

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 Technology Fund Direct Growth Plan	6.78%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.8%	36.32%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	25.31%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	25.27%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	24.51%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	22.75%	Data not available	Data not available

The current fund’s 1-year return is far below the strongest peer figure in this comparison set and also trails the other available one-year returns. At the same time, the peer set is not telling one single story because the strongest 3-year number belongs to a very different theme, while most of the peer funds do not have longer-period figures available here.

That means the short-term view is clearer than the long-term one. On the available numbers, this fund looks weaker than the peer leaders on 1-year performance, while the longer-term peer comparison is incomplete enough that it does not support a broad conclusion about durability. For that reason, we place more weight on the fund’s own near-term behaviour and portfolio shape than on a partial peer snapshot.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Bharti Airtel Ltd.	Telecom	8.45%
Ather Energy Ltd.	Domestic Equities	6.84%
Infosys Ltd.	IT	6.71%
Tech Mahindra Ltd.	IT	5.69%
Nvidia Corp	Overseas Equities	5.17%
Mphasis Ltd.	IT	4.83%
Apple Inc	Overseas Equities	4.58%
Microsoft Corp	Overseas Equities	3.77%
Persistent Systems Ltd.	IT	3.69%
HCL Technologies Ltd.	IT	3.63%

The top 10 holdings account for approximately 53.36% of the portfolio.

To see all holdings, visit the Edelweiss Technology Fund Direct Growth Plan page

The largest holding, Bharti Airtel Ltd., carries an 8.45% weight, so it is large enough to matter but not so dominant that it overshadows the rest of the book. The drop from the first holding to the tenth is meaningful, with the tenth position at 3.63%, which suggests a clear but not extreme tapering across the top names.

The mix is spread across telecom, domestic equities, IT and overseas equities, which means the fund is not relying on a single stock. Still, the top 10 account for 53.36% of the portfolio, so the displayed book is fairly concentrated and the leading names may have greater influence on short-term behaviour than the long tail. With 35 disclosed holdings in total, there is also a broader tail beyond the top positions that can dilute single-stock impact.

This balance between a concentrated top end and a longer tail usually means the fund can express a clear technology-led view while still carrying enough breadth to reduce dependence on just one or two positions. That structure may help the portfolio participate in theme-led rallies, but it can also add unevenness when the sector or key stocks soften.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk equity exposure and can stay invested through sharp swings. The 1-year result is ahead of the benchmark, but the available record is still short, so the main trade-off is between theme-led upside and inconsistent short-term movement.

It is better suited to a longer horizon and to investors who want a technology-focused satellite allocation rather than a broad market core. The portfolio’s mix of Indian and overseas names may add diversification within the theme, but it also means returns can move unevenly when sentiment changes.

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 16 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Technology Fund Direct Growth Plan?

The NAV is ₹12.9995 as of 16 Sep 2026.

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

The fund’s 1-year return is 6.78%, while the 3-year and 5-year returns are Data not available because the scheme history is still limited.

How does the fund compare with the benchmark?

It has stayed ahead of Nifty 50 over 1 month, 3 months and 1 year. The 1-year fund return is 6.78% versus -7.13% for the benchmark.

How does it compare with the peer funds listed here?

Its 1-year return is below the peer figures shown here, while most peers do not have usable 3-year and 5-year figures in this set. The comparison therefore favours the peers on recent performance, but not enough longer-period data is available to extend that conclusion across every horizon.

What is the minimum SIP amount?

The minimum SIP amount is ₹100.

What is the fund’s risk profile and exit load?

The fund is in the High Risk category. The exit load is 1% on or before 90D and Nil after 90D.

Bottom line

Edelweiss Technology Fund Direct Growth Plan has shown better recent behaviour than its benchmark, but the record is still young and the longer-duration return history is not yet built out. On the numbers available here, it looks more like a theme-led equity fund that can be used for a higher-risk satellite allocation than a steady core holding. The top end of the portfolio is concentrated enough to matter, yet broad enough to avoid relying on a single stock alone.

Published on 18 September 2026 at 12:41 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.