Edelweiss Nifty Next 50 Index Fund Direct Growth

Edelweiss Nifty Next 50 Index Fund Direct Growth

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Equity
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Index Funds

NAV: ₹ 10.4 as on 26-09-2023

Fund Performance
zero opening, trading, fund transfer fee
585 people have invested ₹ 12.2L in Edelweiss Nifty Next 50 Index Fund Direct Growth in the last three months

Fund Insights

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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%.
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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

  1. 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.
  2. The fund has an expense ratio 0.1.

Edelweiss Nifty Next 50 Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.09%
Benchmark
Benchmark
NIFTY Next 50 Index
AUM
AUM
₹8 Cr
Inception Date
Inception Date
30 November, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
138.34%

Fund Distribution as on (31-Aug-23)

  • Equity 99.8%

  • Debt & Cash 0.2%

Size breakup

Large cap
86.9%
Mid cap
12.9%

Sector Allocation

Aug'23

Jul'23

Jun'23

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%

Edelweiss Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
-1.85%
3.59%
4.11%
Nifty Next 50
-2.43%
2.23%
3.79%
  • 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

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 8.2 Cr
₹ 8.5 Cr
₹ 8.5 Cr
  • 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

Edelweiss Nifty Next 50 Index Fund Direct Growth Fund Manager

Bhavesh Jain

Bhavesh Jain

Fund Manager of Edelweiss Nifty Next 50 Index Fund Direct Growth, since 30 November 2022

Fund Highlights

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Very High Risk

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

About the fund

This fund has delivered returns of 3.95% since inception (30nd Nov 2022)
Fund Allocations

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

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%

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.
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  • 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%