April 24, 2024
mayank
Edelweiss Nifty Alpha Low Volatility 30 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Edelweiss Nifty Alpha Low Volatility 30 Index Fund Open Date, Close Date?
NFO opens on April 26, 2024
NFO will close on May 10, 2024
What is the Investment Strategy?
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Alpha Low Volatility 30 Index, subject to tracking errors.
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Issue Open | 26 April 2024 |
| Issue Close | 10 May 2024 |
| Type | Open-ended |
| Category | Equity: Large Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Alpha Low Volatility 30 |
What is the Benchmark Index?
Nifty Alpha Low-Volatility 30 Index is designed to reflect the performance of a portfolio of stocks selected based on top combination of Alpha and Low Volatility. It intends to counter the cyclicality of single factor index strategy and provides investors a choice to take exposure to multiple factors through a single index product. The Index consists of 30 stocks selected from Nifty 100 and Nifty Midcap 50.
The weight of the stocks are derived from Alpha and Low Volatility factor scores with individual stock weight capped at 5%.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 12.30 | 12.30 | 56.43 | 17.50 | 18.76 |
| Total Return | 12.65 | 12.65 | 58.36 | 19.00 | 20.37 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 10.01 | 16.76 | 17.63 |
| Beta (NIFTY 50) | 0.81 | 0.78 | 0.74 |
| Correlation (NIFTY 50) | 0.80 | 0.89 | 0.89 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.13 | 4.71 | 1.34 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Bajaj Auto Ltd. | 4.68 |
| Sun Pharmaceutical Industries Ltd. | 4.61 |
| Maruti Suzuki India Ltd | 4.26 |
| Bharti Airtel Ltd. | 3.89 |
| ICICI Bank Ltd. | 3.81 |
| Larsen & Toubro Ltd. | 3.79 |
| Oil & Natural Gas Corporation Ltd. | 3.64 |
| NTPC Ltd. | 3.63 |
| Indian Oil Corporation Ltd. | 3.62 |
| Colgate Palmolive (India) Ltd. | 3.58 |
Performance Review of the Fund Manager of Edelweiss Nifty Alpha Low Volatility 30 Index Fund?
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.
Past Performance of his Schemes
| Fund | Edelweiss Nifty 50 Index Fund | It’s Benchmark | Edelweiss Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 27.68 | 32.48 | 27.55 | 25.37 |
| 3 Year | — | — | 15.12 | 15.52 |
| 5 Year | — | — | 15.97 | 14.04 |
| 7 Year | — | — | 13.78 | 13.69 |
| 10 Year | — | — | 13.89 | 12.89 |
As on 24-4-2024
Which Company Owns Edelweiss Nifty Alpha Low Volatility 30 Index Fund?
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/
Is it good to invest in Edelweiss Nifty Alpha Low Volatility 30 Index NFO?
Guidance for Edelweiss Nifty Alpha Low Volatility 30 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Alpha is a metric used to determine an investment’s ability to beat the broader market or a benchmark index. Denoted by the Greek letter ‘α’, Alpha is used to measure the value at which a stock’s performance deviates from the performance of a benchmark index. Hence, the Nifty Alpha Low Volatility 30 Index combines the quality of alpha stocks with low volatility.
The Index consists of 30 stocks selected from Nifty 100 and Nifty Midcap 50. Since, this is an Index Fund, the Fund Manager will be replicating the stock selection and weightage of individual stocks as per the base Index.
Some of the stocks in this Index include Bajaj Auto, NTPC, Sun Pharma, ICICI Bank, L&T etc.
Looking at the performance of the benchmark Index, it has given 56% return in the last one year and 17.50% CAGR return in the last five years.
A small amount can be invested.
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