Edelweiss Nifty Bank ETF Opened on September 03: Did You Participate?

Edelweiss Mutual Fund has launched a new open-ended exchange-traded scheme, Edelweiss Nifty Bank ETF, which replicates/tracks the Nifty Bank Total Return Index. The new fund offer (NFO) of Edelweiss Nifty Bank ETF opened on September 03, 2024 and will close on September 06, 2024. During the NFO period, an investor is required to invest a minimum of ₹5,000 in Edelweiss Nifty Bank ETF.

Investment Objective

The Edelweiss Nifty Bank ETF’s investment objective is to provide returns before expenses that correspond to the total returns of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the scheme’s investment objective will be achieved.

What are the Investment Strategies?

The Edelweiss Nifty Bank ETF aims to track the Nifty Bank Index using a passive or indexing approach to meet its investment objective. Unlike other funds, it will not attempt to outperform its benchmark or take defensive positions during market downturns or when the market appears overvalued. The AMC will not evaluate the investment potential of specific stocks or industry segments and will not engage in economic, financial, or market analysis.

By following an indexing strategy, the Scheme avoids the risks associated with active management, including the potential for over- or underperformance relative to the benchmark. As an exchange-traded fund, the Scheme will exclusively invest in the securities that make up the underlying index.

Scheme Suitable For Investors

Edelweiss Nifty Bank ETF is suitable for investors who are seeking:

• Long-term capital appreciation
• Returns that align with the performance of the Nifty Bank Total Return index are subject to tracking errors.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.