Edelweiss Nifty Next 50 Index Fund Direct Growth

Edelweiss Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 30 November, 2022. The fund is managed by Bhavesh Jain. The fund could potentially beat inflation in the long-run.

1. Edelweiss Nifty Next 50 Index Fund Direct Growth has ₹104 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.1.
   

Edelweiss Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 13.87% since inception. Over the last 1 year the fund has given a CAGR return of -2.84%.

Edelweiss Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Utilities, Consumer Cyclical, Consumer Defensive, Basic Materials, Health, Real Estate, Communication, Tech, Energy. Its top holdings are Zomato Ltd, InterGlobe Aviation Ltd, Jio Financial Services Ltd, Vedanta Ltd, Hindustan Aeronautics Ltd Ordinary Shares

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty Next 50 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 Next 50 Index Fund Direct Growth has no lock in period.