Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth

Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth is an equity fund. This fund was started on 21 May, 2024. The fund is managed by Bhavesh Jain. The fund could potentially beat inflation in the long-run.

1. Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth has ₹105 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.3.
   

Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth has given a CAGR return of 2.90% since inception.

Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Health, Consumer Defensive, Financial Services, Industrial, Basic Materials, Energy, Communication, Utilities. Its top holdings are Sun Pharmaceuticals Industries Ltd, Bharti Airtel Ltd, ICICI Bank Ltd, Lupin Ltd, ITC Ltd

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty Alpha Low Volatility 30 Index, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth has no lock in period.