Edelweiss Nifty Midcap150 Momentum 50 Index Fund is an index fund aiming to replicate the performance of the NIFTY Midcap 150 Momentum 50 TRI.
- Fund House: Edelweiss Mutual Fund
- Fund Size: ₹354.72 Cr (0.15% of investment in category)
- NAV (as on 21st June 2024): ₹18.7122
- Expense Ratio: 0.35% (Category average: 0.26%)
- Risk Level: Very High
Investment Composition
- Equity Investment: 100.31%
- Large Cap: 12.26%
- Mid Cap: 47.46%
- Small Cap: 15.23%
- Others: 25.36%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund – Top 10 Holdings
| Stock | Sector | Value (Mn) | % of Total Holdings | 1M Change | 1Y Highest Holding | 1Y Lowest Holding | Quantity | 1M Change in Qty |
| Rural Electrification Corp. Ltd. | Financial Institution | 183.9 | 5.18% | 0.10% | 5.72% (Nov 2023) | 3.4% (Jun 2023) | 3.42 L | 66.95 k |
| Power Finance Corp. Ltd. | Financial Institution | 179.9 | 5.07% | 0.34% | 6.69% (Nov 2023) | 4.34% (Jun 2023) | 3.65 L | 71.51 k |
| Aurobindo Pharma Ltd. | Pharmaceuticals | 159.7 | 4.50% | -0.05% | 5.01% (Dec 2023) | 2.82% (Jun 2023) | 1.35 L | 26.37 k |
| Bharat Heavy Electricals Ltd. | Heavy Electrical Equipment | 158.7 | 4.47% | 0.09% | 4.47% (May 2024) | 0.96% (Jun 2023) | 5.31 L | 1.04 L |
| Lupin Ltd. | Pharmaceuticals | 155.2 | 4.38% | -0.35% | 5.11% (Feb 2024) | 0% (Jun 2023) | 98.08 k | 19.19 k |
| Indian Railway Finance Corp. Ltd. | Financial Institution | 133.5 | 3.76% | 0.30% | 4.22% (Jan 2024) | 0.48% (Jun 2023) | 7.51 L | 1.47 L |
| Jindal Stainless Ltd. | Iron & Steel Products | 131.4 | 3.70% | 0.27% | 3.7% (May 2024) | 0% (Jun 2023) | 1.66 L | 32.35 k |
| Polycab India Limited | Cables – Electricals | 130.6 | 3.68% | 0.46% | 3.68% (May 2024) | 2.55% (Jun 2023) | 19.37 k | 3.79 k |
| Supreme Industries Ltd. | Plastic Products – Industrial | 110.4 | 3.11% | 0.01% | 3.26% (Dec 2023) | 2.45% (Jun 2023) | 20.93 k | 4.10 k |
| Prestige Estates Projects Ltd. | Residential, Commercial | 108.8 | 3.07% | 0.31% | 3.07% (May 2024) | 0% (Jun 2023) | 68.12 k | 13.32 k |
Edelweiss Nifty Midcap150 Momentum 50 Index Fund – Growth and Performance
| Period Invested for | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
| 1 Week | 14-Jun-24 | 9982.00 | -0.18% | – | 0.45% | 29/219 |
| 1 Month | 21-May-24 | 10471.70 | 4.72% | – | 3.52% | 61/214 |
| 3 Month | 21-Mar-24 | 12242.00 | 22.42% | – | 8.66% | 8/203 |
| 6 Month | 21-Dec-23 | 13172.20 | 31.72% | – | 13.66% | 24/191 |
| YTD | 01-Jan-24 | 12902.70 | 29.03% | – | 11.85% | 22/194 |
| 1 Year | 21-Jun-23 | 17350.90 | 73.51% | 73.25% | 27.63% | 6/180 |
| Since Inception | 30-Nov-22 | 18712.20 | 87.12% | 49.47% | 17.87% | 9/180 |
Edelweiss Nifty Midcap150 Momentum 50 Index Fund – Investment Strategies
Core Strategy
The Edelweiss Nifty Midcap150 Momentum 50 Index Fund uses a passive investment strategy aimed at tracking the NIFTY Midcap 150 Momentum 50 TRI. Key elements include:
- Momentum Investing: Focusing on stocks showing strong price momentum.
- Diversification: Investing in a mix of large, mid, and small-cap stocks.
- Periodic Rebalancing: Ensuring the portfolio aligns with the index through regular adjustments.
Portfolio Turnover
- Turnover Ratio: 89.00% (Category average: 25.56%)
The high turnover ratio indicates active rebalancing to maintain alignment with the momentum-based index, suggesting a dynamic approach to capture the performance of high-momentum stocks.
Edelweiss Nifty Midcap150 Momentum 50 Index Fund – Risk Ratios
- Market Risk: High exposure to midcap stocks can lead to significant volatility.
- Sector Concentration Risk: Potential overexposure to specific sectors can increase risk.
- Liquidity Risk: Midcap and small-cap stocks may be less liquid compared to large-cap stocks.
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
