Edelweiss Nifty Alpha Low Volatility 30 Index Fund NFO: Everything you need to know

10 May 2024 , 02:19 PM

Edelweiss Mutual Fund is launching NFO under its “Index Fund”, named as Edelweiss Nifty Alpha Low Volatility 30 Index Fund. The open-ended fund aims to provide returns before expenses that closely correspond to the total returns of the Nifty Alpha Low Volatility 30 Index.

Investment strategy: The Fund is a passively managed Index fund which will employ an investment approach designed to replicate/track the performance of the Nifty Alpha Low Volatility 30 Index. The Scheme seeks to achieve this goal by investing in securities constituting the Index in the same proportion as in the Index.

Asset allocation: The asset allocation under the scheme takes place in equity and equity-related instruments comprised in the Nifty Alpha Low Volatility 30 Index.

Who should invest?

Investors with a very high-risk appetite should invest in the Edelweiss Nifty Alpha Low Volatility 30 Index Fund for 5 or more years.

Risk associated: Very high level of risk.

Benchmark: Nifty Alpha Low Volatility 30 Index (TRI).

Fund Managers: Bhavesh Jain.

The NFO is available for subscription from April 26 to May 10. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹5000/- and in multiples of any amount thereafter.

It offers a Regular Plan and a Direct Plan. Each plan offers Growth and Income options. Click here to invest in Edelweiss Nifty Alpha Low Volatility 30 Index Fund.