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 |
|
| 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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