Edelweiss Mutual Fund launches Edelweiss Nifty Bank ETF

NFO period: 03^rd September – 06^th September, 2024

Highlights of the NFO:

• Scheme type – An open-ended exchange traded scheme replicating/tracking Nifty Bank Total return index


• Investment objective – The investment objective of the scheme is to provide returns before expenses that correspond to the total returns of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking long term capital appreciation. Returns that are in line with the performance of Nifty Bank Total Return index, subject to tracking errors.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Managers – Mr. Bhavesh Jain


• Benchmark – Nifty Bank TRI