Edelweiss Mutual Fund launches Edelweiss Nifty Next 50 Index Fund

NFO period: 10^th November – 24^th November, 2022

Highlights of the NFO:

• Scheme type – An open-ended equity scheme replicating Nifty Next 50 Index


• Investment objective – The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty Next 50 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.


• Product suitability – The product is suitable for investors who are seeking long term capital appreciation passive by investing in equity and equity related securities replicating the composition of Nifty Next 50 Index, subject to tracking errors.


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


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. IDCW Option shall have Reinvestment, Payout & Transfer Facility.


• Fund Managers – Mr. Bhavesh Jain


• Benchmark – Nifty Next 50 Index Total Return Index