March 8, 2024
mayank
Edelweiss Nifty Midcap150 Momentum 50 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 15.7491
NAV IDCW: Rs 15.7517
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Midcap150 Momentum 50 Index subject to tracking errors.
Fund Manager:
1) Bhavesh Jain
Education: Mr. Jain is a MMS (Finance) from Mumbai University.
Experience: Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
2) Bharat Lahoti
Education: Mr. Lahoti is a B.E. (Electronics & Communication) from Mumbai University and MMS (Finance) from N L Dalmia Institute of Management Studies
Experience: Prior to joining Edelweiss Asset Management Limited as a Fund Manager – Equity and a Key Person , he was associated with D.E. Shaw India Software Pvt. Ltd. as a Senior Manager – Fundamental Research and has an overall work experience of 9 years in the research function of organizations in the financial services sector.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption Within 30 days |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 30-Nov-22 |
| Return Since Launch | 43.06% |
| Benchmark | NIFTY Midcap 150 Moment 50 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 158 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.14% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 202.00% |
Trailing Returns (%) of Edelweiss Nifty Midcap150 Momentum 50 Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Nifty Midcap150 Momentum 50 Index Dir | 9.18 | 0.21 | -0.43 | 12.00 | 27.73 | 64.94 | — | — | — | — |
| S&P BSE 150 MidCap TRI | 6.63 | 0.53 | -0.90 | 10.43 | 19.28 | 53.66 | — | — | — | — |
| Equity: Mid Cap | 5.64 | 0.37 | -0.04 | 8.98 | 18.21 | 49.72 | — | — | — | — |
| Rank within category | 4 | 34 | 23 | 4 | 3 | 1 | — | — | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 38 | 26 | 22 | 20 | 19 |
Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Edelweiss Nifty Midcap150 Momentum 50 Index Dir | Unrated | 64.94 | — | — | 0.14 | 158 | 43.06 | 0.50 (30) | 1Y 3M | 202.00 |
| Motilal Oswal Nifty Midcap 150 Dir | 3 star | 54.23 | 25.95 | — | 0.30 | 1,328 | 29.77 | — | 4Y 6M | 30.00 |
| Nippon India Nifty Midcap150 Dir | 3 star | 53.99 | 25.82 | — | 0.30 | 1,122 | 27.08 | — | 3Y | 51.00 |
| Nippon India ETF Nifty Midcap 150 | Unrated | 54.26 | 26.10 | 24.35 | 0.21 | 1,187 | 24.56 | — | 5Y 1M | 65.00 |
| Mirae Asset Nifty Midcap 150 ETF | Unrated | 54.35 | — | — | 0.05 | 628 | 31.98 | — | 1Y 11M | — |
Portfolio Analysis of Edelweiss Nifty Midcap150 Momentum 50 Index Fund
| No. of Stocks | 50 |
| Top 10 Stocks | 40.19% |
| Top 5 Stocks | 24.61% |
| Top 3 Sectors | 55.01% |
| Portfolio P/B Ratio | 3.57 |
| Portfolio P/E Ratio | 23.10 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 63,973 | 48,313 |
| Giant (%) | 9.38 | 6.36 |
| Large (%) | 51.43 | 32.56 |
| Mid (%) | 39.19 | 58.30 |
| Small (%) | — | 3.43 |
| Tiny (%) | — | — |
How to Invest in Edelweiss Nifty Midcap150 Momentum 50 Index Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss Nifty Midcap150 Momentum 50 Index Fund
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
Apply Online: https://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
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Quicklinks
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