| Launch date | 11 Oct 2024 |
| Allotment date | 04 Nov 2024 |
| End date | 25 Oct 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.40%
Inclusive of GST
Exit load
Exit load of 0.1%, if redeemed within 30 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Bhavesh JainOct 2024 - PresentView details
Bharat LahotiOct 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #15 in India |
|---|---|
| Total AUM | ₹1,37,526.56Cr |
| Date of Incorporation | 30 Apr 2008 |
|---|
Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was made available to investors on 30 Apr 2008. Bhavesh Jain is the Current Fund Manager of Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,37,527 Cr and the Latest NAV as of 13 Dec 2024 is ₹10.52. The Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit load of 0.1%, if redeemed within 30 days. ;
Investment Objective
The scheme seeks to provide returns before expenses that correspond to the total returns of the Nifty500 Multicap Momentum Quality 50 Index Fund, subject to tracking errors. ;
| Fund benchmark | Nifty500 Multicap Momentum Quality 50 Total Return Index |
|---|