Edelweiss Mutual Fund NFO : If you like to invest in New Fund Offer (NFO), then you have a good opportunity. Edelweiss Asset Management Limited has launched NFO. These new fund offers named Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund and Edelweiss Nifty500 Multicap Momentum Quality 50 ETF, subscription from 11 October 2024 to 25 October 2024. Will be open for.
This multi-factor index fund (New Fund Offer) is based on two factors momentum and quality. It tracks the performance of 50 stocks included in the Nifty 500 index and offers investors the opportunity to invest in stocks with strong fundamentals and price momentum. The fund aims to replicate the performance of the Nifty 500 Multicap Momentum Quality 50 Index subject to tracking errors. The underlying index tracks the performance of 50 stocks selected from the Nifty 500 stocks.
SIP Leaders: 2 oldest investment schemes of Tata Group did wonders, those doing monthly SIP of Rs 5000 became owners of Rs 5 crore.
Index Performance: 63 times return in less than 20 years
The performance of Nifty500 Multicap Momentum Quality 50 TRI has been strong over the long term. Since April 1, 2005, the index has given a CAGR return of 23.79% through August 31, 2024. That means the investment of Rs 1 lakh in this increased to more than Rs 63 lakh during this period. The performance of different indexes during this period is given below.
Nifty 50 TRI
Returns: 15.18% CAGR
Value of investment of Rs 1 lakh: Rs 15,56,398
Nifty 500 TRI
Returns: 15.57% CAGR
Value of investment of Rs 1 lakh: Rs 16,64,367
Nifty500 Multicap Momentum Quality 50 TRI
Returns: 23.79% CAGR
Value of investment of Rs 1 lakh: Rs 63,17,595
Mutual Fund Return: 10 mutual fund schemes which give more than 65% profit in 1 year, also champion in long term SIP returns
10 year returns: better performance in every phase
(Source: NSE)
What is the investment strategy?
Radhika Gupta, MD and CEO, Edelweiss Mutual Fund, said that index funds and ETFs have been launched to take advantage of the quality factor, which is now performing better. Combining momentum and quality, the fund selects stocks with strong financial health, earnings stability and strong fundamentals. At the same time, it prepares an investment strategy by sensing the market trend, which reduces the risks especially in midcap and smallcap. It is a combination of quality and momentum to select 50% stocks for the fund portfolio. The portfolio will include stocks of 10 large cap, midcap and small cap companies on the basis of quality and momentum.
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What is the minimum investment required?
To do lump sum or SIP in index funds, it is necessary to invest at least Rs 100, after which any amount can be invested in multiples of Re 1. Whereas in ETF, the subscription amount can be a minimum of Rs 5000 and thereafter any multiple of Re 1. The index fund will be managed by Bhavesh Jain, Co-Head, Factor Investing in collaboration with Bharat Lahoti, Co-Head, Factor Investing, Edelweiss Mutual Fund. While the ETF will be managed by Bhavesh Jain, Co-Head, Factor Investing, Edelweiss Mutual Fund.
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What are Multicap Mutual Funds?
Multi-cap mutual funds are diversified equity funds, which invest your money in shares of companies with different market capitalisations. That is, investors’ money is invested in the shares of largecap, midcap and smallcap companies under these funds. According to SEBI rules, it will be necessary to invest 75 percent of the fund in equity in this category. However, mutual funds can rebalance multicap funds. They also have the option to switch to another scheme from time to time.
Its advantage is that if investors are confused as to where to invest their money – large-cap, mid-cap or small-cap, then the multi-cap category not only removes this dilemma, but also keeps your portfolio itself diversified. goes. The second advantage is that large-cap funds provide stability to your portfolio, while mid-cap and small-cap funds can give you high returns.
(Note: We have given information about the new scheme of mutual fund here. It is not guaranteed whether the old return of the index will continue in future or not. It may or may not continue in the future. There is risk in the market. Therefore, take expert advice before investing.)
