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  • Edelweiss ETF - Nifty 50

    Edelweiss ETF - Nifty 50
    Dividend Yearly
    NA
    Category
    Equity - ETF
    52-week NAV high
    12,453.27  (As on 28-08-2018)
    52-week NAV low
    10,536.90  (As on 23-03-2018)
    Expense
    0.07%  (As on 30-11-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns 2.60 -5.29 -0.09 6.41 16.70 14.11 - - -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    May 08, 2015
    Last Dividend
    NA
    Minimum Investment
    10000
  • Edelweiss Mutual Fund was set up as a trust and is sponsored by Edelweiss Financial Services Limited. Edelweiss Asset Management Limited is the investment manager of Edelweiss Mutual Fund and the fund house offers schemes across the categories - equity, fixed income, exchange-traded, and international funds.

    The Edelweiss ETF - Nifty 50 is an open-ended exchange-traded scheme that mimics the performance of the Nifty 50 Index and intends to offer returns that closely match the returns generated by the Nifty 50 Index.

    Investment Objective:

    To offer returns to the investor that commensurates with the returns offered by the NIfty 50 Index but will be subject to tracking errors.

    Key Features:

    The Edelweiss ETF - Nifty 50 is an open-ended exchange-traded scheme that is ideal for investors who wish to achieve capital growth over a long term. Some of its features are given below:

    Type of fund An open-ended exchange-traded scheme
    Risk Moderately High
    Benchmark Nifty 50 Total Return Index
    Entry Load Not Applicable
    Exit Load Nil
    Minimum Application Amount Directly with the mutual fund: Creation unit size which is 400 units On the stock exchange: Lot of 1 unit and in multiples thereafter

    Asset Allocation for Edelweiss ETF - Nifty 50:

    Asset Class Indicative Allocation Risk Profile
    Stocks constituting Nifty 50 Index 95% to 100% Medium to High
    Debt and money market securities 0% to 5% Low

    Who can invest in Edelweiss ETF - Nifty 50?

    The following individuals/entities are eligible to apply for subscription to the units of the Edelweiss ETF - Nifty 50:

    • Adult individuals residing in India
    • Karta of Hindu Undivided Family (HUF)
    • Limited Liability Partnerships and any of the partners in partnership farms
    • Legal guardians or parents on behalf of minors
    • Mutual Fund schemes registered with SEBI (Securities and Exchange Board of India)
    • Financial institutions and banks including cooperative banks, regional rural banks, and scheduled banks
    • Co-operative and registered societies authorised to invest
    • Public corporations and Public Sector Undertakings (PSUs)
    • Religious and charitable trusts
    • Association of Persons (AOPs) or Bodies of Individuals (BOIs)
    • Special Purpose Vehicles approved by the appropriate authority
    • Foreign Portfolio Investor, and Public Financial Institution
    • Foreign Institutional Investors (FIIs) registered with SEBI
    • Navy/Army/Air Force, Paramilitary Units and other eligible institutions
    • Government of India approved International Multilateral Agencies
    • Insurance firms/corporations, insurers registered with the Insurance Regulatory Development Authority of India (IRDAI)
    • Pension/Gratuity/Provident and other retirement funds that are permitted to invest

    NAV Disclosure and Benchmark for Edelweiss ETF - Nifty 50:

    The Net Asset Value (NAV) of the scheme is calculated by dividing the scheme’s net assets by the number of units that are outstanding on the date of valuation. The scheme’s NAV is computed up to 4 decimals and is announced at the end of every business day. The NAV of the scheme will be published on the website of AMFI (www.amfiindia.com) by 9:00 p.m. on the website of Edelweiss Mutual Fund (www.edelweissmf.com) every business day. The scheme will also send the NAV for publication in at least 2 newspapers with countrywide circulation on each business day.

    Liquidity: The units of the scheme will be listed in recognised stock exchanges such as NSE or BSE and like any publicly traded stock, the units can be purchased or sold during trading hours on the stock exchange on a continuous basis.

    Benchmark: Nifty 50 Total Return Index

    Fund Manager

    Mr. Bhavesh Jain and Mr. Hiten Shah

    Mr. Bhavesh Jain has been managing the Edelweiss ETF - Nifty 50 since its inception. He has over 10 years of experience in the equity market segment. The other funds managed by him include Edelweiss ETF - Nifty Quality 30, Edelweiss Maiden Opportunities Fund, Edelweiss Arbitrage Fund, Edelweiss ETF - Nifty Bank, etc.

    Mr. Hiten Shah is the co-fund manager of the Edelweiss ETF - Nifty 50 and has been managing the scheme since May 2016. With more than 10 years of experience in the equity segment, he is also the co-fund manager of the schemes - Edelweiss ETF-Nifty Quality 30 and Edelweiss ETF-Nifty Bank.

    Investment Restrictions on Edelweiss ETF - Nifty 50.

    The Edelweiss ETF - Nifty 50 will follow the below-given investment restrictions laid down by the Securities and Exchange Board of India (SEBI):

    • The scheme is not permitted to invest above 10% of its NAV in debt instruments that are unrated and issued by a single issuer. Debt securities consisting of money and non-money market instruments should be rated above the investment grade by a credit rating agency. The investment limit can be extended to up to 12% of the scheme’s NAV provided that the Board of Trustees and Directors approve it.
    • The scheme shall not make any investments in any security issued through private placement, unlisted securities, and listed securities of group companies of the sponsors above 25% of the net assets.
    • No mutual fund is allowed to own above 10% of any firm’s paid-up capital carrying voting rights under all its schemes.
    • The scheme can invest the pending deployment of a scheme’s funds in short-term deposits of scheduled commercial banks without being charged any advisory or investment management fees.
    • Since the scheme is open-ended, it cannot invest over 5% of its NAV in equity or its related securities that are unlisted.
    • The scheme is not permitted to invest above 10% of its NAV in equity or its related securities of any firm but this limit will not apply for investments in a sector or an industry-specific theme or index funds.
    • The scheme can invest the pending deployment of a scheme’s funds in short-term deposits of scheduled commercial banks without being charged any advisory or investment management fees.
    • The scheme is required to comply with any other regulations applicable to mutual fund investments from time to time.

    Dividend Policy of Edelweiss ETF - Nifty 50:

    The trustees will declare and distribute the dividends subject to the availability of distributable surplus, in compliance with the regulations issued by the SEBI. The declared dividends will be distributed to the eligible unitholders whose names appear on the registers on the record date. Unitholders will receive the dividend warrants within 30 days from the dividend declaration date.

    Why you should invest in Edelweiss ETF - Nifty 50:

    • Cost effective - The expense ratio of the Edelweiss ETF - Nifty 50 is low as they are passively managed. Also, the scheme does not charge any load fees and hence is cost-effective.
    • Flexibility - Just like any other ETF, the units of the Edelweiss ETF - Nifty 50 can be traded during market hours. The prices are also updated continuously throughout the trading day.
    • Ease of managing portfolio - When you invest in the units of Edelweiss ETF - Nifty 50, you do not have to worry about the performance of specific funds. You just need to rebalance the portfolios periodically.
    • No security-specific risk - Since the scheme invests in a basket of securities, you can take a bet on the asset class thereby reducing the security-specific risk.

    Tax benefits - Tax on capital gains for ETFs are lower than traditional mutual funds and hence investors can enjoy the tax benefits.

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    GST rate of 18% applicable for all financial services effective July 1, 2017.

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