October 17, 2024
mayank
Edelweiss Nifty500 Multicap Momentum Quality 50 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
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Open Date, Close Date?
NFO opens on October 11, 2024
NFO will close on October 25, 2024
What is the Investment Strategy?
The scheme seeks to provide returns before expenses that correspond to the total returns of the Nifty500 Multicap Momentum Quality 50 Index Fund, subject to tracking errors.
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Issue Open | 11 October 2024 |
| Issue Close | 25 October 2024 |
| 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 | Nifty500 Multicap Momentum Quality 50 TRI |
What is the Benchmark Index of Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund?
Nifty500 Multicap Momentum Quality 50 index aims to track the performance of the large cap, mid cap and small cap stocks selected based on combination of their momentum and quality factor scores. The momentum score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. The quality score for each company is determined based on return on equity (ROE), financial leverage (Debt/Equity Ratio) and earnings (EPS) growth variability analyzed during the previous 5 years. The weight of each stock in the index is based on the combination of composite momentum-quality score and its free-float market capitalization. Stock weights are capped at 5% at the time of index rebalancing.
Nifty500 Multicap Momentum Quality 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty500 Multicap Momentum Quality 50 Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 3.20 | 30.12 | 59.27 | 29.60 | 22.06 |
| Total Return | 3.61 | 31.44 | 61.19 | 31.02 | 23.60 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 19.38 | 18.78 | 19.06 |
| Beta (NIFTY 50) | 1.13 | 0.80 | 0.75 |
| Correlation (NIFTY 50) | 0.78 | 0.81 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 23.69 | 5.77 | 1.39 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Bajaj Auto Ltd. | 6.32 |
| Coal India Ltd. | 5.26 |
| REC Ltd. | 5.09 |
| Hero MotoCorp Ltd. | 5.02 |
| Power Finance Corporation Ltd. | 4.90 |
| Dr. Reddy’s Laboratories Ltd. | 4.78 |
| Bharat Electronics Ltd. | 4.51 |
| Cummins India Ltd. | 4.47 |
| Varun Beverages Ltd. | 4.46 |
| Dixon Technologies (India) Ltd. | 4.45 |
Performance Review of the Fund Managers of Edelweiss Nifty500 Multicap Momentum Quality 50 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.
Past Performance of his Schemes
| Fund | Edelweiss Equity Savings Fund | It’s Benchmark | Edelweiss ASEAN Equity Off-shore Fund | It’s Benchmark |
| 1 Year | 16.68 | 17.33 | 22.39 | 36.91 |
| 3 Year | 8.91 | 8.75 | 4.73 | 15.57 |
| 5 Year | 11.07 | 10.49 | 6.29 | 21.91 |
| 7 Year | 9.51 | 9.43 | 6.07 | 16.19 |
| 10 Year | 9.18 | 9.34 | 6.00 | 15.63 |
As on 17-10-2024
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.
Past Performance of his Schemes
| Fund | Edelweiss Nifty 50 Index Fund | It’s Benchmark | Edelweiss Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 27.52 | 32.83 | 25.92 | 25.93 |
| 3 Year | 11.70 | 13.91 | 11.41 | 11.47 |
| 5 Year | — | — | 16.37 | 16.51 |
| 7 Year | — | — | 12.73 | 13.76 |
| 10 Year | — | — | 11.89 | 12.79 |
As on 17-10-2024
Which Company Owns Edelweiss Nifty500 Multicap Momentum Quality 50 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 Nifty500 Multicap Momentum Quality 50 NFO?
Guidance for Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
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