This multi-factor index fund is based on two factors – momentum and quality. It tracks the performance of 50 stocks chosen from the Nifty 500 stocks universe and offers investors access to stocks with strong fundamentals and price momentum.
The fund aims to replicate the performance of the Nifty500 Multicap Momentum Quality 50 Index. The underlying index tracks the performance of 50 stocks, selected from a universe of Nifty 500 stocks. The index comprises 10 large-cap, 15 mid-cap, and 25 small-cap stocks, providing a balanced exposure across market capitalizations.
Notably, the Nifty500 Multicap Momentum Quality 50 Index has delivered impressive returns of 23.79%, significantly outperforming the Nifty500 index, which achieved a return of 15.57%.
Radhika Gupta, Managing Director & CEO of Edelweiss Mutual Fund, commented, “We’re excited to launch this Index fund and ETF, leveraging the quality factor that’s now performing better. By combining momentum and quality, it selects stocks with strong financial health, earnings stability, and consistent fundamentals, while capturing market trends and reducing risk, especially in midcap and smallcap segments.”
Investors can participate in the Index Fund through a lump sum investment or a Systematic Investment Plan (SIP) with an initial investment of Rs 100, with increments of Rs 1 thereafter. The minimum subscription amount for the ETF is Rs 5,000, with increments of Rs 1.The Index Fund will be managed by Bhavesh Jain and Bharat Lahoti, Co-Heads of Factor Investing at Edelweiss Mutual Fund. The ETF will be managed by Bhavesh Jain.Edelweiss is one of India’s fastest-growing asset management companies, offering a wide range of investment solutions across equities, factor investing, and fixed income. It serves a diverse client base across both domestic and global markets.
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