August 28, 2024
mayank
Edelweiss Nifty Bank ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Edelweiss Nifty Bank ETF Open Date, Close Date?
NFO opens on September 03, 2024
NFO will close on September 06, 2024
What is the Investment Strategy?
The scheme seeks to provide returns before expenses that correspond to the total returns of the Nifty Bank Total Return Index, subject to tracking error.
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Issue Open | 03 September 2024 |
| Issue Close | 06 September 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Bank TRI |
What is the Benchmark Index of Edelweiss Nifty Bank ETF?
The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE).
Nifty Bank Index is computed using free float market capitalization method.
Nifty Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and
structured products.
Index Variant: Nifty Bank Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -1.94 | 6.75 | 12.93 | 12.29 | 17.38 |
| Total Return | -1.92 | 7.46 | 13.94 | 12.92 | 18.93 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 16.55 | 26.35 | 28.78 |
| Beta (NIFTY 50) | 1.12 | 1.23 | 1.09 |
| Correlation (NIFTY 50) | 0.86 | 0.90 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 15.01 | 2.86 | 0.88 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 27.58 |
| ICICI Bank Ltd. | 24.06 |
| State Bank of India | 10.54 |
| Kotak Mahindra Bank Ltd. | 10.32 |
| Axis Bank Ltd. | 9.33 |
| IndusInd Bank Ltd. | 5.46 |
| Federal Bank Ltd. | 2.76 |
| Bank of Baroda | 2.73 |
| Punjab National Bank | 2.13 |
| AU Small Finance Bank Ltd. | 2.08 |
Performance Review of the Fund Manager of Edelweiss Nifty Bank ETF?
1) Bhavesh Jain
Education: Mr. Jain is a MMS (Finance) from Mumbai University.
Experience: Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
Past Performance of his Schemes
| Fund | Edelweiss Nifty 50 Index Fund | It’s Benchmark | Edelweiss Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 30.58 | 35.75 | 27.46 | 28.45 |
| 3 Year | — | — | 13.39 | 14.66 |
| 5 Year | — | — | 16.85 | 17.14 |
| 7 Year | — | — | 13.13 | 14.27 |
| 10 Year | — | — | 11.92 | 12.61 |
As on 28-8-2024
Which Company Owns Edelweiss Nifty Bank ETF?
Edelweiss Asset Management Ltd.
Address: Edelweiss House Off C.S.T. Road, Kalina Mumbai – 400098
Website: http://www.edelweissmf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Edelweiss Nifty Bank ETF NFO?
Guidance for Edelweiss Nifty Bank ETF by Paresh Gordhandas, C.A., Research Analyst.
The Edelweiss Nifty Bank ETF is based on the Nifty Bank Index. It is a mix of public and private sector banks. The Index comprises of maximum 12 companies, with highest weightage to HDFC Bank, ICICI Bank and SBI in that order. Investing in thematic or sectoral funds is becoming popular these days. But if you look at the returns generated by the underlying Index, the returns are very average. Compared to this, returns generated by multicap or flexicap Funds are much higher.
Having said that, if we look at the Banking sector in India, it is at a good position. The balancesheets of the banks have been cleaned up and NPAs are at an all time low. Potential to grow in rural India is very high and hence if you do wish to invest, we recommend you invest with a long term view i.e 5-10 years to get steady returns.
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