Edelweiss Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 10.4 as on 26-09-2023
Fund Performance
585 people have invested ₹ 12.2L in Edelweiss Nifty Next 50 Index Fund Direct Growth in the last three months
Fund Insights
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.09% which is lower than the category average expense ratio of 0.52%.
Over the last 3 months, this fund has experienced a 43.4% drop in AUM moving from 14.46 Cr to 8.18 Cr.
About the Fund
Edelweiss Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 30 November, 2022. The fund is managed by Bhavesh Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Edelweiss Nifty Next 50 Index Fund Direct Growth has ₹8 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.1.
Edelweiss Nifty Next 50 Index Fund Direct Growth Overview
 | 0.09% |
 Benchmark | NIFTY Next 50 Index |
 | ₹8 Cr |
 | 30 November, 2022 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 138.34% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
86.9%
Mid cap
12.9%
Sector Allocation
Basic Materials
20.4%
Financial Services
18.9%
Industrial
18.5%
Consumer Defensive
16.7%
Utilities
8%
Consumer Cyclical
7.2%
Communication
3.7%
Energy
2.7%
Real Estate
2.5%
Health
1.4%
Top Holdings of Edelweiss Nifty Next 50 Index Fund Direct Growth as on (31-Aug-23)
Equity Holdings50
Edelweiss Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -1.85% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty Next 50 by 0.59% in Aug'23
AUM Change
- AUM of the fund stands at 8.2 Cr as of Aug'23
- AUM decreased by 0.3 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Edelweiss Nifty Next 50 Index Fund Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 15.2% |
 Varun Beverages Ltd | 12.3% |
 Havells India Ltd | 4.8% |
Top Losers | 1M Return |
|---|---|
 Vedanta Ltd | -16.1% |
 Info Edge (India) Ltd | -7% |
 Bank of Baroda | -6.9% |
Peer Analysis
Edelweiss Nifty Next 50 Index Fund Direct Growth Fund Manager
Bhavesh Jain
Fund Manager of Edelweiss Nifty Next 50 Index Fund Direct Growth, since 30 November 2022
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 3.95% since inception (30nd Nov 2022)
Fund Allocations
This fund has an allocation of 99.83% in Equity, 0% in Debt and 0.17% in Cash related instruments
AUM size ₹8 Cr
This fund has AUM of ₹8 Cr which is less than its category average of ₹ 554 Cr
Expense Ratio 0.09%
This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of Edelweiss Nifty Next 50 Index Fund Direct Growth is ₹10.4 as on 26-Sep-2023.
Existing (Absolute + CAGR) as on 26-Sep-2023.
Edelweiss Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.39% | 2.39% |
6 Month Returns | 20.43% | 20.43% |
1 Year Returns | 0% | 0% |
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.
0.09% as on August 2023
₹8 Cr as on August 2023
Bharat Electronics Ltd(3.87%), Cholamandalam Investment and Finance Co Ltd(3.59%), Pidilite Industries Ltd(3.11%), Godrej Consumer Products Ltd(3.09%), Hindustan Aeronautics Ltd Ordinary Shares(2.97%) as on August 2023
Basic Materials(20.37%), Financial Services(18.91%), Industrial(18.47%) as on August 2023
The alpha ratio for the Edelweiss Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Edelweiss Nifty Next 50 Index Fund Direct Growth | - | - | - |
As on August 2023
The alpha for Edelweiss Nifty Next 50 Index Fund Direct Growth is calculated against NIFTY Next 50 Index. 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Edelweiss Nifty Next 50 Index Fund Direct Growth | - | - | - |
As on August 2023
The Beta for Edelweiss Nifty Next 50 Index Fund Direct Growth is calculated with NIFTY Next 50 Index. 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 Next 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 Next 50 Index Fund Direct Growth | - | - | - |
As on August 2023
The sharpe ratio for Edelweiss Nifty Next 50 Index Fund Direct Growth is calculated with NIFTY Next 50 Index. 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 Next 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 Next 50 Index Fund Direct Growth | - | - | - |
As on August 2023
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 is the fund manager of Edelweiss Nifty Next 50 Index Fund Direct Growth
The Exit load of Edelweiss Nifty Next 50 Index Fund Direct Growth is 0%