Nifty Next 50 Index Fund
An Open-ended Equity Scheme replicating Nifty Next 50 Index
Data as on 31st August, 2024
| 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. |
|
| Inception Date | 30-Nov-2022 |
| Benchmark | Nifty Next 50 TRI |
| Fund Managers Details | Mr. Bhavesh Jain Experience 16 years Managing Since 30-Nov-2022 |
| Additional investment amount | Minimum of Rs. 100/- and multiples of Re. 1/- thereafter |
| Minimum Investment Amount | Minimum of Rs. 100/- and multiples of Re. 1/-‐ thereafter. |
| Exit Load | NIL |
| Total Expense Ratios~: | Regular 0.79% Direct 0.09% |
| Month End AUM |
Rs. 69.05 Crore
|
| Monthly Average AUM |
Rs. 64.06 Crore
|
Regular Plan - Growth |
17.1561 |
Regular Plan - IDCW |
17.1560 |
|
Direct Plan - Growth
|
17.3845
|
|
Direct Plan - IDCW
|
17.3841
|
| (as on August 30, 2024) |
|
Period
|
Scheme - Edelweiss Nifty Next
50 Index Fund |
Benchmark (Nifty Next 50 TR Index) |
Additional Benchmark (Nifty 50 TR Index) |
|||
|
Returns |
Value of Rs. 10000 Invested |
Returns |
Value of Rs. 10000 Invested |
Returns |
Value of Rs. 10000 Invested |
|
|
1 Year |
68.63% |
16,863 |
70.65% |
17,065 |
32.64% |
13,264 |
|
Since Inception - Regular Plan |
36.11% |
17,156 |
37.36% |
17,432 |
19.87% |
13,734 |
Past performance may or may not be sustained in future and
should not be used as a basis for comparison with other investments.
Notes:
2. The scheme is currently managed by Bhavesh Jain (managing this fund from November 30, 2022 ). Please Click here
for name of the
other schemes currently managed by the Fund Managers and relevant scheme for performance.
|
Name of Instrument
|
Industry
|
% to Net Assets
|
| Equities | 100.19% | |
| TRENT LTD | Consumer Services | 6.87% |
| BHARAT ELECTRONICS LTD | Capital Goods | 4.67% |
| HINDUSTAN AERONAUTICS LIMITED | Capital Goods | 3.81% |
| INTERGLOBE AVIATION LTD | Services | 3.49% |
| POWER FINANCE CORPORATION LTD | Financial Services | 3.47% |
| VEDANTA LTD | Metals & Mining | 3.43% |
| REC LTD | Financial Services | 3.34% |
| TATA POWER CO. LTD | Power | 3.20% |
| TVS MOTOR COMPANY LTD | Automobile & Auto Components | 2.85% |
| INDIAN OIL CORPORATION LTD | Oil, Gas & Consumable Fuels | 2.83% |
| GAIL (INDIA) LTD | Oil, Gas & Consumable Fuels | 2.79% |
| SIEMENS LTD | Capital Goods | 2.67% |
| CHOLAMANDALAM INVESTMENT & FIN CO. LTD | Financial Services | 2.66% |
| INFO EDGE (INDIA) LTD | Consumer Services | 2.59% |
| GODREJ CONSUMER PRODUCTS LTD | Fast Moving Consumer Goods | 2.44% |
| DLF LTD | Realty | 2.37% |
| SAMVARDHANA MOTHERSON INTERNATIONAL LTD | Automobile & Auto Components | 2.30% |
| ICICI LOMBARD GENERAL INSURANCE CO LTD | Financial Services | 2.25% |
| ZOMATO LTD | Consumer Services | 2.19% |
| COLGATE PALMOLIVE (INDIA) LTD | Fast Moving Consumer Goods | 2.11% |
| PIDILITE INDUSTRIES LTD | Chemicals | 2.07% |
| HAVELLS INDIA LTD | Consumer Durables | 2.07% |
| BANK OF BARODA | Financial Services | 2.03% |
| UNITED SPIRITS LTD | Fast Moving Consumer Goods | 1.87% |
| ABB INDIA LTD | Capital Goods | 1.83% |
| CANARA BANK | Financial Services | 1.63% |
| DABUR INDIA LTD | Fast Moving Consumer Goods | 1.62% |
| SRF LTD | Chemicals | 1.62% |
| AMBUJA CEMENTS LTD | Construction Materials | 1.59% |
| JINDAL STEEL & POWER LTD | Metals & Mining | 1.55% |
| PUNJAB NATIONAL BANK | Financial Services | 1.51% |
| JIO FINANCIAL SERVICES LTD. | Financial Services | 1.50% |
| SHREE CEMENT LTD | Construction Materials | 1.48% |
| MARICO LTD | Fast Moving Consumer Goods | 1.46% |
| TORRENT PHARMACEUTICALS LTD | Healthcare | 1.39% |
| ICICI PRUDENTIAL LIFE INSURANCE CO LTD | Financial Services | 1.28% |
| ZYDUS LIFESCIENCES LTD | Healthcare | 1.23% |
| INDIAN RAILWAY CATERING & TOUR CORP LTD | Consumer Services | 1.23% |
| BOSCH LTD | Automobile & Auto Components | 1.21% |
| AVENUE SUPERMARTS LTD | Consumer Services | 1.04% |
| VARUN BEVERAGES LTD. | Fast Moving Consumer Goods | 1.02% |
| ADANI GREEN ENERGY LTD | Power | 0.95% |
| SBI CARDS AND PAYMENT SERVICES LTD | Financial Services | 0.93% |
| ADANI POWER LTD | Power | 0.83% |
| BERGER PAINTS INDIA LTD | Consumer Durables | 0.70% |
| BAJAJ HOLDINGS & INVESTMENT LTD | Financial Services | 0.62% |
| ADANI ENERGY SOLUTION LTD | Power | 0.51% |
| INDIAN RAILWAY FINANCE CORPORATION LTD. | Financial Services | 0.46% |
| ADANI TOTAL GAS LIMITED | Oil, Gas & Consumable Fuels | 0.32% |
| LIFE INSURANCE CORPORATION OF INDIA | Financial Services | 0.29% |
| Cash & Other Receivables | -0.19% | |
| TREPS_RED_02.09.2024 | 1.88% | |
| Cash & Cash Equivalent | -2.06% | |
| Grand Total | 100.00% |
|
Total stocks
in portfolio
|
50
|
| Top 10 stocks | 37.96% |
| Portfolio Turnover Ratio^ |
0.31
|
|
Tracking Error (Regular)
|
0.19%
|
| Tracking error is annualised and is calculated based on data since inception. | |
Disclaimer of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE'.
This Product is suitable for investors who are seeking*:
- Long term capital appreciation
- Passive Investment in equity and equity related securities replicating the composition of Nifty Next 50 Index, subject to tracking errors
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal will be at Very High Risk
Benchmark Riskometer: Nifty Next 50 TRI
Investors understand that their principal will be at Very High Risk