Edelweiss Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 14.28 as on 18-04-2024
Fund Performance
1497 people have invested ₹ 51.2L in Edelweiss Nifty Next 50 Index Fund Direct Growth in the last three months
About the Edelweiss Nifty Next 50 Index Fund Direct Growth
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 ₹26 Cr worth of assets under management (AUM) as on Mar 2024 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 |
 | ₹26 Cr |
 | 30 November, 2022 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 138.34% |
Edelweiss Nifty Next 50 Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
87.3%
Mid cap
12.4%
Sector Allocation
Financial Services
20.4%
Industrial
17.7%
Basic Materials
15%
Consumer Defensive
13.2%
Consumer Cyclical
12.7%
Utilities
9.3%
Energy
3.4%
Real Estate
3.3%
Health
2.7%
Communication
2.3%
Top Holdings of Edelweiss Nifty Next 50 Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings50
Edelweiss Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.83% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty Next 50 by 2.89% in Mar'24
AUM Change
- AUM of the fund stands at 20.3 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Edelweiss Nifty Next 50 Index Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 ABB India Ltd | 20.7% |
 Siemens Ltd | 19.9% |
 Interglobe Aviation Ltd | 18.7% |
Top Losers | 1M Return |
|---|---|
 TVS Motor Company Ltd | -4.6% |
 Shriram Finance Ltd | 7.1% |
 Adani Green Energy Ltd | 9.2% |
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
Edelweiss Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 29.63% since inception which is more than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.68% in Equity, 0% in Debt and 0.32% in Cash related instruments
AUM size ₹26 Cr
This fund has AUM of ₹26 Cr which is less than its category average of ₹ 689 Cr
Expense Ratio 0.09%
This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of Edelweiss Nifty Next 50 Index Fund Direct Growth is ₹14.28 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Edelweiss Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.88% | 6.88% |
6 Month Returns | 36.77% | 36.77% |
1 Year Returns | 61.5% | 61.5% |
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 March 2024
₹26 Cr as on March 2024
Trent Ltd(4.78%), Bharat Electronics Ltd(3.97%), Tata Power Co Ltd(3.67%), Hindustan Aeronautics Ltd Ordinary Shares(3.42%), Indian Oil Corp Ltd(3.38%) as on March 2024
Financial Services(23.68%), Industrial(18.29%), Basic Materials(13.05%) as on March 2024
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 March 2024
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 March 2024
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 | 3.1 | - | - |
As on March 2024
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 | 13.68 | - | - |
As on March 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 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%