Latest news with #BSEInternetEconomyTotalReturnIndex
Economic Times
24-04-2025
- Business
- Economic Times
NFO Alert: Edelweiss Mutual Fund launches BSE Internet Economy Index Fund
The new fund offer or NFO of the scheme will open for subscription between April 25 and May 9. Edelweiss Asset Management Limited has introduced the Edelweiss BSE Internet Economy Index Fund, an open-ended index fund replicating the BSE Internet Economy Total Return Index. The NFO is open for subscription from April 25 to May 9, offering investors exposure to India's burgeoning digital economy, expected to reach USD 1 trillion by 2030. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Edelweiss Asset Management Limited has announced the launch of Edelweiss BSE Internet Economy Index Fund – an open-ended index fund replicating the BSE Internet Economy Total Return Index The new fund offer or NFO of the scheme will open for subscription between April 25 and May Read | NFO Insight: Motilal Oswal Infrastructure Fund opens. Time to add to your MF mix? The index spans 11 sub-industries, including e-retail, internet and catalogue retail, e-learning, digital entertainment, financial technologies and other digitally driven sectors, offering investors targeted exposure to India's internet-led growth is among the top two countries globally in multiple dimensions of digital adoption. The country's digital economy is set to become a USD 1 trillion opportunity by 2030, due to a solid network strengthening its digital BSE Internet Economy Index Fund is best-suited for those who want to invest in this growth story. The fund selectively invests in stocks forming part of the BSE 500 and stocks belonging to pre-defined sub-industries to be part of its portfolio, Edelweiss Asset Management said in a press index consists only of Internet Economy-linked stocks, having no allocation towards IT and software companies, making it a pure play and attractive for investors who want to invest in businesses that are aligned towards India's digital and internet Read | Nifty Bank surges 10% in 1 month to hit 52-week high level. Time to shift focus towards banking sector? "India's digital economy is growing 4x times faster than its overall GDP, and is expected to achieve rapid and transformative growth. With increasing internet penetration and tech adoption across sectors, we see a compelling opportunity for investors to participate in this digital revolution. The Edelweiss BSE Internet Economy Index Fund is a one-of-its-kind offering that allows investors an opportunity to invest in a pure-play internet and digital economy-focused portfolio,' said Radhika Gupta , MD & CEO, Edelweiss Mutual Fund The scheme's investment objective is to provide returns before expenses that closely correspond to the total returns of the BSE Internet Economy Total Return Index, subject to tracking errors. The index, which comprises the top 20 companies selected from the BSE 500 based on their six-month average market capitalisation, represents India's rapidly growing digital BSE Internet Economy Index Fund promises a prudent opportunity for investors looking to diversify their portfolio based on the growth of the Indian digital economy scheme. Investors can begin investing in this fund with a minimum investment amount of Rs 100, hereafter with additional investments in multiples of Re 1. The scheme would be managed by Bhavesh Jain and Bharat Lahoti.
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Business Standard
24-04-2025
- Business
- Business Standard
Edelweiss MF launches BSE Internet Economy Index Fund; check key details
Edelweiss BSE Internet Economy Index Fund: Edelweiss Mutual Fund has launched its Edelweiss BSE Internet Economy Index Fund. It is an open-ended index fund replicating the BSE Internet Economy Total Return Index. The new fund offer (NFO) will open for subscription on April 25, 2025, and close on May 9, 2025. It is India's first index fund offering exposure to the BSE Internet Economy Index. The index covers 11 sub-industries, including e-retail, internet and catalogue retail, e-learning, digital entertainment, financial technologies and other digitally driven sectors. The BSE Internet Economy Index comprises the top 20 companies selected from the BSE 500 based on their six-month average market capitalisation. Investors can invest a minimum amount of ₹100 and in multiples of ₹1 thereafter. According to the scheme information document (SID), if the units are redeemed or switched out on or before 30 days from the date of allotment, an exit load of 0.10 per cent will be charged. However, no exit load will be charged, if units are redeemed after 30 days from the date of allotment. The investment objective of Edelweiss BSE Internet Economy Index Fund is to provide returns that, before expenses, closely correspond to the total returns of the BSE Internet Economy Total Return Index, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved, as per the SID. Bhavesh Jain and Bharat Lohati serve as the designated fund managers for the scheme. There are some risk factors associated with the scheme such as heavy reliance on a single sector means that poor performance in that area can lead to substantial losses, according to the SID. According to the riskometer, the principal invested in the scheme will be at very high risk. Radhika Gupta, managing director and chief executive officer at Edelweiss Mutual Fund said that India's digital economy is growing four times faster than its overall GDP, and is expected to achieve rapid and transformative growth. "With increasing internet penetration and tech adoption across sectors, we see a compelling opportunity for investors to participate in this digital revolution," Gupta said. The fund offers investors an opportunity to invest in a pure-play internet and digital economy-focused portfolio, she added. Edelweiss BSE Internet Economy Index Fund: Who should invest? According to the SID, the Edelweiss BSE Internet Economy Index Fund is suitable for investors seeking long-term capital appreciation along with passive investment in equity and equity-related securities replicating the composition of the BSE Internet Economy Total Returns Index, subject to tracking errors. However, "investors should consult their financial advisers if in doubt about whether the product is suitable for them," it said.
Time of India
24-04-2025
- Business
- Time of India
NFO Alert: Edelweiss Mutual Fund launches BSE Internet Economy Index Fund
Edelweiss Asset Management Limited has announced the launch of Edelweiss BSE Internet Economy Index Fund – an open-ended index fund replicating the BSE Internet Economy Total Return Index . The new fund offer or NFO of the scheme will open for subscription between April 25 and May 9. Also Read | NFO Insight: Motilal Oswal Infrastructure Fund opens. Time to add to your MF mix? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo The index spans 11 sub-industries, including e-retail, internet and catalogue retail, e-learning, digital entertainment, financial technologies and other digitally driven sectors, offering investors targeted exposure to India's internet-led growth story. India is among the top two countries globally in multiple dimensions of digital adoption. The country's digital economy is set to become a USD 1 trillion opportunity by 2030, due to a solid network strengthening its digital marketplace. Live Events The BSE Internet Economy Index Fund is best-suited for those who want to invest in this growth story. The fund selectively invests in stocks forming part of the BSE 500 and stocks belonging to pre-defined sub-industries to be part of its portfolio, Edelweiss Asset Management said in a press release. The index consists only of Internet Economy-linked stocks, having no allocation towards IT and software companies, making it a pure play and attractive for investors who want to invest in businesses that are aligned towards India's digital and internet economy. Also Read | Nifty Bank surges 10% in 1 month to hit 52-week high level. Time to shift focus towards banking sector? "India's digital economy is growing 4x times faster than its overall GDP, and is expected to achieve rapid and transformative growth. With increasing internet penetration and tech adoption across sectors, we see a compelling opportunity for investors to participate in this digital revolution. The Edelweiss BSE Internet Economy Index Fund is a one-of-its-kind offering that allows investors an opportunity to invest in a pure-play internet and digital economy-focused portfolio,' said Radhika Gupta , MD & CEO, Edelweiss Mutual Fund . The scheme's investment objective is to provide returns before expenses that closely correspond to the total returns of the BSE Internet Economy Total Return Index, subject to tracking errors. The index, which comprises the top 20 companies selected from the BSE 500 based on their six-month average market capitalisation, represents India's rapidly growing digital ecosystem. Edelweiss BSE Internet Economy Index Fund promises a prudent opportunity for investors looking to diversify their portfolio based on the growth of the Indian digital economy scheme. Investors can begin investing in this fund with a minimum investment amount of Rs 100, hereafter with additional investments in multiples of Re 1. The scheme would be managed by Bhavesh Jain and Bharat Lahoti.
