Edelweiss Exchange Traded Fund Nifty Bank is a Others Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was introduced to investors on 15 Dec 2015. Bhavesh Jain, Hiten Shah is the Current Fund Manager of Edelweiss Exchange Traded Fund Nifty Bank.The fund currently has an Asset Under Management(AUM) of ₹1 Cr and the Latest NAV as of 27 Mar 2020 is ₹2015.33.
The Edelweiss Exchange Traded Fund Nifty Bank is rated High risk. Minimum SIP Investment is 1. Nil.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty Bank 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.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment