Edelweiss Mutual Fund launches Nifty Alpha Low Volatility 30 Index Fund

Edelweiss Mutual Fund has launched Nifty Alpha Low Volatility 30 Index Fund. Edelweiss Nifty Alpha Low Volatility 30 Index Fund is an open-ended scheme replicating the Nifty Alpha Low Volatility 30 Index.

The new fund offer or NFO of the scheme is open for subscription and it will close on May 10.

The scheme will be benchmarked against Nifty Alpha Low Volatility 30-TRI and will be managed by Bhavesh Jain.


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“This fund is an ideal solution for investors seeking to invest in largecap oriented strategy that can outperform the broader market. This multi-factor approach, blending Alpha and low volatility factors, aims to deliver performance, while mitigating volatility, thereby enhancing risk-adjusted returns for investors. Edelweiss AMC has established itself as a leader in the passive funds category, managing the largest portfolio of passive debt funds. The introduction of this new equity index fund further bolsters our product line-up in the equity passive fund segment,” said Radhika Gupta, MD & CEO, Edelweiss Mutual Fund.

The scheme offers regular and direct plans both with growth and Income Distribution cum Capital Withdrawal (IDCW) options.

The exit load applicable will be nil. To achieve the investment objective, the scheme will follow a passive strategy with investments in stocks in the same proportion as in the Nifty Alpha Low Volatility 30 Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the scheme.

The scheme will be investing 95-100% in equity and equity-related securities representing the Nifty Alpha Low Volatility 30 Index, 0-5% allocated to debt and money market instruments.

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The minimum investment amount for daily, weekly, fortnightly, monthly, and quarterly SIP will be Rs 100 and in multiples of Re 1 thereafter.

The scheme is suitable for investors who are seeking long-term capital appreciation, and want passive investment in equity and equity-related securities replicating the composition of the Nifty Alpha Low Volatility 30 Index, subject to tracking errors. The principal invested in the scheme will be at “very high” risk according to the riskometer of the scheme.