Edelweiss Nifty Midcap150 Momentum 50 Index Fund
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Midcap150 Momentum 50 Index subject to tracking errors.
Growthvine rating: 4/5 — ranked #27 of 244 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹18.40 (as of 2026-08-21) |
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| AUM | ₹1,723 Cr |
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| Expense ratio | 0.90% |
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| Riskometer | Very High |
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| Fund manager | Bhavesh Jain |
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| Exit load | 0.5% for redemption within 30 days |
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Performance & risk
| Sharpe ratio | 0.59 |
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| Standard deviation | 19.93% |
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| Max drawdown | -26.01% |
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| Alpha | 3.94 |
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| Beta | 1.17 |
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Market cap allocation
| Large cap | 21.3% |
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| Mid cap | 78.8% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 24.9% |
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| Top 10 holdings | 43.5% |
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| Total holdings | 50 |
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Top holdings
- Laurus Labs Limited — 6.2%
- Federal Bank Ltd. — 5.0%
- Multi Commodity Exchange of India Ltd — 4.7%
- BSE Ltd. — 4.7%
- Bharat Forge Ltd — 4.3%
- GE Vernova T&D India Limited — 4.3%
- Bharat Heavy Electricals Ltd. — 4.2%
- HITACHI ENERGY INDIA LIMITED — 3.6%
- Polycab India Limited — 3.3%
- National Aluminium Co. Ltd. — 3.2%
Top sectors
- Banking & Financial — 23.1%
- Pharma & Biotech — 14.8%
- Industrial Products — 11.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 3.1% | — | — |
| 2025 | -4.9% | — | — |
| 2024 | 31.0% | — | — |
| 2023 | 49.3% | — | — |