Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth

Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth is an equity fund. This fund was started on 7 October, 2021. The fund is managed by Bharat Lahoti, Bhavesh Jain. The fund could potentially beat inflation in the long-run.

1. Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth has ₹42 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
2. The fund has an expense ratio 0.1.
   

Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth has given a CAGR return of 15.13% since inception. Over the last 1 year the fund has given a CAGR return of 35.91%.

Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Defensive, Tech, Consumer Cyclical, Industrial, Basic Materials, Energy, Financial Services, Health. Its top holdings are Tata Consultancy Services Ltd, Hindustan Unilever Ltd, Infosys Ltd, Nestle India Ltd, Coal India Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty 100 Quality 30 Index subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth has no lock in period.