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Edelweiss Europe Dynamic Equity Offshore Fund - Growth Option - Direct Plan vs Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund - Direct Plan- Growth
Edelweiss Europe Dynamic Equity Offshore Fund and Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund are both in the FoF Overseas category, from Edelweiss Asset Management Limited and Mirae Asset Investment Managers (India) Pvt. Ltd respectively. Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund has posted a higher 3-year rolling CAGR. Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund has the lower direct-plan expense ratio, by 0.57 percentage points.
| Edelweiss Europe Dynamic Equity Offshore Fund - Growth Option - Direct Plan | Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund - Direct Plan- Growth | |
|---|---|---|
| Category | FoF Overseas | FoF Overseas |
| AMC | Edelweiss Asset Management Limited | Mirae Asset Investment Managers (India) Pvt. Ltd |
| Benchmark | MSCI Europe Index (IEUR ETF) | Indxx Artificial Intelligence & Big Data Index TRI |
| NAV | ₹33.114 (2026-10-28) | ₹36.004 (2026-10-28) |
| AUM | ₹265.602 Cr | ₹453.742 Cr |
| Expense Ratio (Direct) | 0.68% | 0.11% |
| Inception | 2014-01-17 | 2022-08-16 |
Returns
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund leads on 3-year rolling CAGR (38.5% vs Edelweiss Europe Dynamic Equity Offshore Fund's 10.4%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund has been the more volatile of the two by standard deviation.
Portfolio Analytics
Punji Fund Health Score
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Edelweiss Europe Dynamic Equity Offshore Fund or Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund?
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund's 3-year rolling CAGR of 38.5% is higher than Edelweiss Europe Dynamic Equity Offshore Fund's 10.4%. Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund sits in the 100th percentile of its category on this metric, versus the 43rd percentile for Edelweiss Europe Dynamic Equity Offshore Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Edelweiss Europe Dynamic Equity Offshore Fund or Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund?
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund's direct-plan expense ratio is 0.57 percentage points lower than Edelweiss Europe Dynamic Equity Offshore Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Edelweiss Europe Dynamic Equity Offshore Fund or Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund has been more volatile than Edelweiss Europe Dynamic Equity Offshore Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (1.18 for Edelweiss Europe Dynamic Equity Offshore Fund vs 1.26 for Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Edelweiss Europe Dynamic Equity Offshore Fund or Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund?
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund has ₹454 Cr in assets under management, versus ₹266 Cr for Edelweiss Europe Dynamic Equity Offshore Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Edelweiss Europe Dynamic Equity Offshore Fund or Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund?
Edelweiss Europe Dynamic Equity Offshore Fund launched on 2014-01-17, making it older than Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund (launched 2022-08-16). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.