Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth

Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth is an equity fund. This fund was started on 31 October, 2024. The fund is managed by Bharat Lahoti, Bhavesh Jain. The fund could potentially beat inflation in the long-run.

1. Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth has ₹166 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth has given a CAGR return of -21.86% since inception.

Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Industrial, Consumer Cyclical, Consumer Defensive, Financial Services, Health, Basic Materials, Energy. Its top holdings are Bajaj Auto Ltd, Bharat Electronics Ltd, Tata Consultancy Services Ltd, Persistent Systems Ltd, HCL Technologies 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 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 correspond to the total returns of the Nifty500 Multicap Momentum Quality 50 Index Fund, subject to tracking errors.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth has no lock in period.