Edelweiss Nifty Midcap150 Momentum 50 Index Funds 87% returns in 2 years

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

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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:

  1. Momentum Investing: Focusing on stocks showing strong price momentum.
  2. Diversification: Investing in a mix of large, mid, and small-cap stocks.
  3. 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.