Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 20-12-2024
₹ 19.24
1D
Inception Returns
39.5%
/yr
About Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth is an equity fund. This fund was started on 30 November, 2022. The fund is managed by Bharat Lahoti, Bhavesh Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth has ₹767 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Returns
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth has given a CAGR return of 39.54% since inception. Over the last 1 year the fund has given a CAGR return of 36.86%.
Holdings
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Real Estate, Basic Materials, Health, Tech, Utilities, Consumer Cyclical, Energy, Communication. Its top holdings are BSE Ltd, Dixon Technologies (India) Ltd, Cummins India Ltd, Lupin Ltd, PB Fintech Ltd
Taxation
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty Midcap150 Momentum 50 Index subject to tracking errors.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Overview
| Expense ratio | 0.46% |
Benchmark | Nifty Midcap 150 Momentum 50 |
| AUM | ₹767 Cr |
| Inception Date | 30 November, 2022 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 145.78% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 1.14% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.71% as on Nov'24
- This fund outperformed Nifty 50 by 1.86% in Nov'24
- AUM of the fund stands at 709.4 Cr as of Nov'24
- AUM increased by 28.1 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Industrial, Financial Services & Real Estate
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 27.2% |
PB Fintech Ltd | 25.4% |
 BSE Ltd | 19.2% |
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹767 Cr
Expense Ratio 0.46%
Frequently Asked Questions for Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.34% | 8.34% |
6 Month Returns | 6.61% | 6.61% |
1 Year Returns | 36.86% | 36.86% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth | 23.92 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth | 0.07 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth | 2.05 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth | 13.55 | - | - |