Key Highlights of the Edelweiss Large and Midcap Index Fund:
- First of its kind index fund which provides equal exposure to large and midcap stocks in one portfolio
- An open–ended equity scheme replicating the Nifty LargeMidcap 250 Index
- A perfect blend of 100 largecap stocks, represented by established companies in the Nifty 100 Index and 150 midcap stocks, represented by emerging and high growth companies in the Nifty midcap 150 Index
Mumbai, 15, November 2021: Edelweiss Asset Management Limited, one of India’s fastest growing AMCs, today announced the launch of their Edelweiss Large and Midcap Index Fund, an open-ended equity scheme replicating Nifty LargeMidcap 250 Index. The index allocation to large and midcap stocks which ensures balance between growth (mid-cap) and stability (large-cap).
The investment objective of the scheme is to provide returns that closely correspond to the total returns of the Nifty Large Midcap 250 Index subject to tracking errors. This index has strong track record and has performed well compared to large & Midcap and Flexicap funds. The equal weight to Largecaps and midcaps reduces skewness to any one market cap segment and provides meaningful exposure to promising midcap stocks. This is the first index fund to be launched on Nifty LargeMidcap 250 Index.
“Index funds are gaining popularity, more so due to simplicity of the product. It is uncomplicated as it is easy to track and don’t need frequent reviews. This product is based on very unique Nifty Large Midcap 250 Index which balances its exposure to largecaps and midcaps in one portfolio. Complementing active funds in one’s portfolio, the fund is an apt solution for Do-It-Yourself (DIY) and first-time investors for their core investment allocation. This fund is likely to create enduring value in the long run for Investors”, said Radhika Gupta, MD & CEO, Edelweiss Asset Management Limited.
The Edelweiss Large and Midcap Index Fund NFO will be open for subscription between 15th November 2021 and 26th November 2021.
The scheme allows an investment amount that is as low as Rs.5000 and multiples of Re.1/- thereafter with NIL exit load. The fund may generate low to negative returns in short term. This means that investors have to remain invested for 5-7 years to gain meaningful returns. It has regular and direct plans. It will be managed by Mr. Bhavesh Jain.
About Edelweiss Asset Management Limited
Edelweiss Asset Management Limited is one of the fastest growing AMCs with investment solutions ranging across equities, hybrid, fixed income, and alternatives in India. It offers a robust platform to a diversified client base across domestic and global geographies. The fund suite is designed to offer investment solutions to investors with different needs. Edelweiss AMC has world-class knowledge platforms to provide its partners and investors access to information and insights.
Statutory Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
*THIS IS NOT A GOVERNMENT OF INDIA INITIATED PRODUCT AND NOT AFFILIATED WITH BHARAT BOND ETF PROGRAM.
About Edelweiss Group
The Edelweiss Group is one of India’s leading diversified financial services companies, providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss’ products and services span multiple asset classes and consumer segments across domestic and global geographies. Its businesses are broadly divided into Investment & Advisory (Wealth Management, Capital Markets, Asset Management and Asset Reconstruction), Credit (Retail Credit comprising Retail Mortgage, SME and Business Loans, ESOP and Margin Financing, Agriculture & Rural Finance and Corporate Credit comprising Structured Collateralized Credit to Corporates and Wholesale Mortgages) and Insurance (Life and General Insurance).
This news was shared to Prittle Prattle News via press release.
