May 9, 2025
mayank
Edelweiss BSE Internet Economy Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Edelweiss BSE Internet Economy Index Fund Open Date, Close Date?
NFO opens on April 25, 2025
NFO will close on May 09, 2025
Investment Strategy for this NFO?
The scheme seeks to provide returns before expenses that closely correspond to the total returns of BSE Internet Economy Total Return Index, subject to tracking errors.
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Issue Open | 25 April 2025 |
| Issue Close | 09 May 2025 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0.1% for redemption within 30 days |
| Riskometer | Very High |
| Benchmark | BSE Internet Economy TRI |
About Benchmark Index for this NFO?
The BSE Internet Economy measures the performance of companies that are seen to mostly operate by leveraging digital platforms and whose business operations significantly depend on the internet. The companies are selected from the relevant industries based on free-float market capitalization from the BSE 500 Index.
Methodology:
1. • The companies are selected from the relevant industries based on free-float market capitalization from the BSE 500 Index.
2. • Top 20 companies based on 6 month average free-float market capitalization is selected for index inclusion.
3. Constituents are subject to an individual stock weight cap of 15%
For complete details please view the Methodology document at:
https://www.asiaindex.co.in/Downloads/BSE_Thematic_Indices_Methodology.pdf
Quick Facts
| Launch Date | 10th October 2024 |
| First Vlaue Date | 23rd June 2014 |
| Base Value | 1000 |
| Number of Constituents | 20 |
| Reconstitution Frequecy | Semi-annually in June and December |
| Weighting Method | Capped float-adjusted market cap weighted |
| Index Universe | BSE 500 |
| Calculation Currencies | INR, USD |
Fund Managers of Edelweiss BSE Internet Economy Index Fund
1) 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.
2) 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.
AMC
Edelweiss Asset Management Ltd.
Address: Edelweiss House Off C.S.T. Road, Kalina Mumbai – 400098
Website: http://www.edelweissmf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Edelweiss BSE Internet Economy Index Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of BSE Internet Economy TRI
Performance
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MO | YTD* | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 2746.12 | 6.44% | -14.91% | -14.91% | 17.89% | 18.84% | 36.35% | 10.27% |
| PRICE RETURNS | 2569.01 | 6.42% | -14.99% | -14.99% | 17.39% | 18.15% | 35.47% | 9.58% |
Risk
| Index Level | ANNUALISED RISK | ANNUALISED RISK-ADJUSTED RETURNS | ||||||
| 1 YR | 3 YRS | 5 YRS | 10 YRS | 1 YR | 3 YRS | 5 YRS | 10 YRS | |
| TOTAL RETURNS | 23.39% | 20.22% | 25.39% | 24.65% | 0.76 | 0.92 | 1.43 | 0.42 |
| PRICE RETURNS | 23.38% | 20.22% | 25.39% | 24.66% | 0.74 | 0.89 | 1.4 | 0.39 |
Fundamentals
| PE | PB | DIV. YIELD% |
| 64.04 | 7.89 | 0.4 |
| NUMBER OF CONSTITUENTS | – |
| CONSTITUENT TOTAL MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 92011.8 |
| LARGEST TOTAL MARKET CAP | 986996.17 |
| SMALLEST TOTAL MARKET CAP | 12399.01 |
| MEDIAN TOTAL MARKET CAP | 31968.34 |
| WEIGHT LARGEST CONSTITUENT [%] | 14.69 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 82.21 |
Note on Benchmark Performance:
Index Performance
The BSE Internet Economy Index has delivered a compound annual growth rate (CAGR) of 35.47% over the past five years, and a one-year return of 17.39%, reflecting strong performance in a rapidly digitizing economy. While past returns do not guarantee future performance, the index continues to hold promising potential for capital appreciation over the long term.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Bharat Lahoti
| Fund | Edelweiss Large Cap Fund | It’s Benchmark | Edelweiss Equity Savings Fund | It’s Benchmark |
| 1 Year | 7.00 | 8.70 | 10.11 | 8.35 |
| 3 Year | 13.71 | 13.02 | 9.81 | 9.75 |
| 5 Year | 21.49 | 23.08 | 11.35 | 13.14 |
| 7 Year | 13.11 | 13.92 | 9.13 | 9.65 |
| 10 Year | 11.66 | 12.52 | 8.64 | 9.00 |
As on 19-4-2025
Past Performance of Bhavesh Jain
| Fund | Edelweiss Nifty 50 Index Fund | It’s Benchmark | Edelweiss Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 8.61 | 8.70 | 6.31 | 7.36 |
| 3 Year | 11.83 | 13.02 | 10.55 | 11.38 |
| 5 Year | — | — | 15.62 | 16.95 |
| 7 Year | — | — | 11.53 | 11.27 |
| 10 Year | — | — | 9.93 | 10.64 |
As on 19-4-2025
Fund Management Perspective
We often compare fund managers to seasoned pilots — capable of navigating through both stable and volatile market conditions. Skilled fund management can significantly influence fund performance even during periods of uncertainty.
However, it is important to note that in this specific NFO, the past performance of the fund managers, based on a sample of previously managed schemes, has not been particularly outstanding. This warrants a cautious approach.
[ C ] Conclusion
Investment Guidance: BSE Internet Economy NFO
The proceeds from this New Fund Offer (NFO) will be allocated to equity investments in companies comprising the BSE Internet Economy Index. These are businesses that primarily operate through digital platforms and whose core operations are significantly dependent on internet-based technologies.
Constituents of this index are selected from the BSE 500 Index based on their free-float market capitalization, with a focus on relevant industries that represent the evolving internet economy.
Investment Outlook
Taking into account the strong thematic potential of the internet economy and the robust historical performance of the underlying index, this NFO offers an attractive investment opportunity. While some concerns remain regarding fund management history, the growth prospects of this sector may outweigh the risks.
Verdict: Investors with a long-term outlook and moderate risk appetite may consider participating in this NFO for potential wealth creation. Apply with a balanced view.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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