Edelweiss ETF - Nifty Bank

Edelweiss ETF - Nifty Bank
Dividend Yearly
NA
Category
Equity - ETF
52-week NAV high
3,272.44  (As on 28-11-2019)
52-week NAV low
2,648.00  (As on 10-12-2018)
Expense
0.12%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 4.92 17.79 0.81 20.09 12.76 20.38 - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Dec 15, 2015
Last Dividend
NA
Minimum Investment
5000

Edelweiss ETF - Nifty Bank is an open-ended equity scheme that tracks the Nifty Bank Index in an effort to generate returns that are commensurate with the overall returns of the aforementioned index, subject to tracking errors. The scheme is offered by Edelweiss Mutual Fund.

Investment Objective of Edelweiss ETF - Nifty Bank

The investment objective of Edelweiss ETF - Nifty Bank is to offer returns that nearly correspond with the overall returns offered by the Nifty Bank Index, by making investments in securities that are covered by the aforementioned index.

Key Features of Edelweiss ETF - Nifty Bank

Some of the significant features of Edelweiss ETF - Nifty Bank are as indicated in the table below:

Type of fund Open-ended scheme
Plans available None
Options under each plan None
Risk High
Systematic Investment Plan Not Available
Systematic Transfer Plan Not Available
Systematic Withdrawal Plan Not Available

Investment Amount for Edelweiss ETF - Nifty Bank

The following are the details regarding the investment amount and loads:

Minimum application amount
  1. Direct Purchases from Edelweiss Mutual Fund: Large investors and Authorised Participants are allowed to make purchases made directly from Edelweiss Mutual Fund, if the value of the units being purchased is in Creation Unit size. The Creation Unit size shall be 2000 units. Each unit of Edelweiss ETF – Nifty Bank is approximately the same as 1/10th of Nifty Bank.
  2. Purchases from Stock Exchange(s): The purchase of units of Edelweiss ETF – Nifty Bank from stock exchanges is open to all investors and not limited to just Large Investors and Authorised Participants. Purchases can be made from any stock exchange on which the scheme’s units are listed, and on any trading day.
Minimum additional investment -
Minimum instalment for Systematic Investment Plan (SIP) Not Applicable
Entry Load Not Applicable
Exit Load Nil

Asset Allocation for Edelweiss ETF - Nifty Bank

Instruments Allocations (Percentage of total assets) Risk Profile
Stocks that constitute the Nifty Bank Index 95% to 100% Medium to High
Money market and debt securities and liquid schemes 0% to 5% Low

NAV Disclosure and Benchmark for Edelweiss ETF - Nifty Bank

The Net Asset Value of Edelweiss ETF - Nifty Bank will be calculated on a daily basis and the Asset Management Company will publish the same in a minimum of two daily newspapers that are circulated across the country. The Net Asset Value of the scheme will also be updated on the official website of the Association of Mutual Funds in India as well as the website of the fund house by 9:00 p.m. every working day.

The Benchmark adopted by Edelweiss ETF – Nifty Bank is the Nifty Bank Index.

Edelweiss ETF - Nifty Bank Fund Manager

Edelweiss ETF - Nifty Bank is managed by Mr. Bhavesh Jain and co-managed by Mr. Hiten Shah.

Why you should Invest in Edelweiss ETF - Nifty Bank

Edelweiss ETF - Nifty Bank is ideal for investors who are looking for capital appreciation in the long term through investment in securities that are covered by the Nifty Bank Index.

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