Edelweiss ETF - Nifty Bank - Latest NAV ₹2210.206, Returns, Performance & Portfolio

Edelweiss ETF - Nifty Bank

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    -3.36%
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    (+14.72)2210.206

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Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years-3.36%
1 Year-23.7%
6 Months-30.15%
Fund Details
ISININF754K01EL1
RiskHigh Risk
Fund TypeSector - Financial Services
NAV2210.206
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd27.66%
ICICI Bank Ltd18.63%
Kotak Mahindra Bank Ltd16.31%
Axis Bank Ltd14.55%
State Bank of India10.85%
IndusInd Bank Ltd4.54%
Bandhan Bank Ltd2.04%
The Federal Bank Ltd1.61%
RBL Bank Ltd1.27%
Bank of Baroda0.92%

About Edelweiss ETF – Nifty Bank Fund

Edelweiss ETF – Nifty Bank Fund is an open-ended fund investing in stocks of companies on the Nifty Bank Index. The scheme strives to achieve returns that are in line with the said Index. The fund may also invest in debt and money market instruments such that the unexpired maturity is not more than 91 days.

Pros & Cons of Edelweiss ETF – Nifty Bank Fund

Edelweiss ETF – Nifty Bank Fund offers the following benefits:

  • The fund allows investors to generate returns from growth of the banking sector.
  • It enables investors to generate returns by following a thematic investment strategy.
  • The fund returns have been consistently higher than the average category returns.

Fund Information and Statistics of Edelweiss ETF – Nifty Bank Fund

i) Inception / Launch date -

The Edelweiss ETF – Nifty Bank Fund was launched on December 25, 2015, by Edelweiss Mutual Fund.

ii) Risk level –

Investments in this fund are at high risk and suitable for investors with a long-term investment horizon.

iii) Redemption –

The redemption request can be made on any business day subject to the NAV price. Proceeds will be dispatched to you by the fund house within 3 working days from the receipt of the redemption request.

iv) Fund Manager –

The fund is jointly managed by Mr Bhavesh Jain since inception and Mr Hiten Shah since May 24, 2016. Both have 10 years of work experience in managing mutual funds.

v) Entry / Exit load -

The fund house does not charge any entry load or exit load.

Tax benefits of investing in Edelweiss ETF – Nifty Bank Fund

A short-term capital gain tax of 15 % is levied is the units are sold within one year from the date of allotment. Long-term capital gains, in excess of Rs 1 lakh, are taxed at 10% if the units are sold after one year. Dividend distribution may be applicable.

About Edelweiss Mutual Fund

Edelweiss Mutual Fund is a fiduciary business of Edelweiss Group with Edelweiss Asset Management Limited acting as an investment manager. The fund house strives to offer a disciplined investment process to ensure the growth of investors’ assets. It aims to adhere to the highest ethical standards and focus on growth.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns