Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth

Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth

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NAV: ₹ 18.25 as on 11-06-2024

About the Fund

Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth is an equity fund. This fund was started on 30 November, 2022. The fund is managed by Bhavesh Jain, Bharat Lahoti. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth has ₹274 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth has given a CAGR return of 47.45% since inception. Over the last 1 year the fund has given a CAGR return of 73.37%.

Holdings

Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Industrial, Basic Materials, Real Estate, Consumer Cyclical, Tech, Utilities, Communication. Its top holdings are REC Ltd, Lupin Ltd, Power Finance Corp Ltd, Aurobindo Pharma Ltd, Bharat Heavy Electricals Ltd

Taxation

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.

Investment objective of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty Midcap150 Momentum 50 Index subject to tracking errors.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
10995 people have invested ₹ 4.1Cr in Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.35%
Benchmark
Benchmark
Nifty Midcap 150 Momentum 50
AUM
AUM
₹274 Cr
Inception Date
Inception Date
30 November, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
137.78%

Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 99.7%

  • Debt & Cash 0.3%

Size breakup

Mid cap
79.8%
Large cap
19.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
28.2%
Health
19.6%
Industrial
14.2%
Basic Materials
13.2%
Real Estate
9%
Consumer Cyclical
6.7%
Tech
4.9%
Utilities
3.8%
Communication
0.5%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
7.59%
1.53%
-0.26%
Nifty 50
0.64%
-0.05%
1.32%
  • This fund’s returns stands at 7.59% whereas the fund’s underlying benchmark Nifty 50 returns stands at 0.64% as on Apr'24
  • This fund outperformed Nifty 50 by 6.95% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 215.8 Cr
₹ 193.6 Cr
₹ 193.6 Cr
  • AUM of the fund stands at 215.8 Cr as of Apr'24
  • AUM increased by 22.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings50

Fund Manager

Bhavesh Jain
Bhavesh Jain
Fund Manager of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth, since 30 November 2022
Bharat Lahoti
Bharat Lahoti
Fund Manager of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth, since 30 November 2022

Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 47.45% since inception which is more than its category average return of 20.89%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.72% in Equity, 0% in Debt and 0.28% in Cash related instruments
AUM size ₹274 Cr

AUM size ₹274 Cr

This fund has AUM of ₹274 Cr which is less than its category average of ₹ 735 Cr
Expense Ratio 0.35%

Expense Ratio 0.35%

This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth is ₹18.25 as on 11-Jun-2024.
Existing (Absolute + CAGR) as on 11-Jun-2024.
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.97%
8.97%
6 Month Returns
28.58%
28.58%
1 Year Returns
73.37%
73.37%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.35% as on May 2024
₹274 Cr as on May 2024
REC Ltd(5.08%), Lupin Ltd(4.73%), Power Finance Corp Ltd(4.73%), Aurobindo Pharma Ltd(4.55%), Bharat Heavy Electricals Ltd(4.38%) as on May 2024
Financial Services(28.55%), Health(18.7%), Industrial(14.86%) as on May 2024
The alpha ratio for the Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
-
-
-
As on May 2024
The alpha for Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth is calculated against Nifty Midcap 150 Momentum 50. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
-
-
-
As on May 2024
The Beta for Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth is calculated with Nifty Midcap 150 Momentum 50. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
3.61
-
-
As on May 2024
The sharpe ratio for Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth is calculated with Nifty Midcap 150 Momentum 50. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
13.54
-
-
As on May 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Bhavesh Jain, Bharat Lahoti are the fund managers of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
The Exit load of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth is 0.5%