March 8, 2024
mayank
Edelweiss Nifty 50 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.9998
NAV IDCW: Rs 12.8199
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.
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 50 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) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 07-Oct-21 |
| Return Since Launch | 11.47% |
| Benchmark | NIFTY 50 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 32 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.05% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 19.00% |
Trailing Returns (%) of Edelweiss Nifty 50 Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Nifty 50 Index Dir | 3.63 | 0.08 | 2.62 | 7.74 | 14.31 | 27.85 | — | — | — | — |
| S&P BSE 100 TRI | 4.75 | 0.22 | 2.73 | 8.92 | 16.13 | 31.99 | — | — | — | — |
| Equity: Large Cap | 7.24 | 0.31 | 3.33 | 11.71 | 20.96 | 39.82 | — | — | — | — |
| Rank within category | 82 | 79 | 85 | 79 | 68 | 76 | — | — | — | — |
| Number of funds in category | 98 | 103 | 100 | 98 | 97 | 93 | 61 | 52 | 43 | 43 |
Peer Comparison of Edelweiss Nifty 50 Index Fund
| 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 50 Index Dir | Unrated | 27.85 | — | — | 0.05 | 32 | 11.47 | — | 2Y 5M | 19.00 |
| DSP Nifty 50 Equal Weight Index Dir | 4 star | 42.92 | 21.45 | 18.97 | 0.40 | 1,029 | 14.26 | — | 6Y 4M | 25.00 |
| UTI Nifty 50 Index Dir | 3 star | 28.00 | 15.66 | 16.29 | 0.21 | 15,301 | 13.51 | — | 11Y 2M | 4.00 |
| HDFC Index Nifty 50 Dir | 3 star | 27.98 | 15.62 | 16.20 | 0.20 | 12,186 | 13.64 | 0.25 (3) | 11Y 2M | 4.00 |
| ICICI Pru Nifty 50 Index Dir | 3 star | 27.97 | 15.63 | 16.28 | 0.17 | 6,759 | 13.59 | — | 11Y 2M | 10.00 |
Portfolio Analysis of Edelweiss Nifty 50 Index Fund
| No. of Stocks | 50 |
| Top 10 Stocks | 57.08% |
| Top 5 Stocks | 39.85% |
| Top 3 Sectors | 60.36% |
| Portfolio P/B Ratio | 3.80 |
| Portfolio P/E Ratio | 23.08 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 5,00,475 | 3,33,874 |
| Giant (%) | 90.48 | 68.10 |
| Large (%) | 9.24 | 27.32 |
| Mid (%) | 0.28 | 5.20 |
| Small (%) | — | 1.93 |
| Tiny (%) | — | — |
How to Invest in Edelweiss Nifty 50 Index Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss Nifty 50 Index Fund
Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.
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