Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 15, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth Plan has a NAV of ₹9.1607 as of 11 Sep 2026 and an AUM of ₹625 Cr. Its 1-year, 3-year and 5-year returns are -0.15%, 0% and 0%, and the fund sits in the High Risk category. In our view, this is a fit only for investors who are comfortable with sharp swings and want an index-based multicap strategy rather than a steadier outcome.
The recent return pattern is weak, and the fund has also stayed behind its benchmark over the periods available. At the same time, the portfolio is led by a fairly short list of holdings, so investors are taking a concentrated exposure profile within a rules-based structure.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.1607 as of 11 Sep 2026 |
| AUM | ₹625 Cr |
| Expense Ratio | 0.37% |
| Launch Date | 31 Oct 2024 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.10% on or before 30D, Nil after 30D |
| Fund Managers | Bhavesh Jain, Bharat Lahoti, Manasi Jalgaonkar |
The fund is managed by Bhavesh Jain, Bharat Lahoti and Manasi Jalgaonkar.
Source data date: as of 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.05% | -3.66% |
| 3M | -1.67% | -1.91% |
| 1Y | -0.15% | -7.62% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The last month has been negative, but the decline was milder than the benchmark’s fall. Over three months, the fund was also negative, though only slightly less weak than the benchmark. That points to a strategy that has remained defensive relative to the index in the near term, even if it has not produced positive absolute returns.
On the one-year view, the fund is still below zero, but the gap versus the benchmark is very wide because the benchmark has fallen much more sharply. That makes the recent comparison look better than the absolute return figure alone. For investors, the important point is that relative resilience has not translated into meaningful gains, so the fund still carries a weak return profile on a stand-alone basis.
There is no 3-year or 5-year performance history available for this scheme, so we cannot judge long-run compounding in the same way we can for older funds. What we can say is that the available shorter-run pattern is uneven, with the fund moving through a negative stretch while preserving more value than the benchmark in the same windows.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Edelweiss Nifty500 Multicap Momentum Quality 50 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Edelweiss Nifty500 Multicap Momentum Quality 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth Plan | -0.15% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan | 26.23% | Data not available | Data not available |
| Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan | 26.22% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 26.18% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund trails the strongest peer 1-year figures by a wide margin, and the gap is visible even against the other peer funds listed here. The absence of 3-year and 5-year records for the peers makes the comparison mostly a short-horizon exercise, but the available numbers still place the fund well behind the peer group on recent momentum. In our view, that short-term weakness matters because there is not yet a longer history here to offset it.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Multi Commodity Exchange of India Ltd. | Finance | 5.49% |
| Eicher Motors Ltd. | Automobile & Ancillaries | 5.29% |
| Bharat Electronics Ltd. | Capital Goods | 4.89% |
| Asian Paints Ltd. | Chemicals | 4.87% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 4.85% |
| Coal India Ltd. | Mining | 4.52% |
| Cummins India Ltd. | Automobile & Ancillaries | 4.5% |
| BSE Ltd. | Finance | 4.19% |
| Polycab India Ltd. | Electricals | 4.08% |
| Hitachi Energy India Ltd. | Capital Goods | 3.79% |
The top 10 holdings account for approximately 46.47% of the portfolio.
To see all holdings, visit the Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth Plan page
The largest position is Multi Commodity Exchange of India Ltd. at 5.49%, which is meaningful but not dominant on its own. The tenth holding still stands at 3.79%, so the weight decline from the first to the tenth position is fairly measured rather than abrupt.
That said, the top 10 holdings together make up 46.47% of the portfolio, which means nearly half the disclosed book is carried by a relatively small set of names. With 40 holdings disclosed in total, the structure suggests a longer tail beyond the top positions, but the leading holdings are still likely to have greater influence on near-term moves than the rest of the basket.
This mix may be suitable for investors who are comfortable with a portfolio where a handful of stocks carry a noticeable share of the exposure, even though the rest of the holdings can still contribute to diversification.
Source data date: as of 11 Sep 2026
Who should invest
This fund is better suited to investors who can tolerate High Risk and accept that near-term returns may stay uneven. The available return pattern shows weakness over 1 month, 3 months and 1 year, even though it has held up better than the benchmark in those same windows.
Because the scheme is an index fund with a multicap momentum-quality tilt, it can appeal to investors who want systematic equity exposure rather than active stock selection. The trade-off is that this kind of strategy may still go through periods of drawdown and may lag stronger peer outcomes in shorter windows. A longer investment horizon is more sensible here than a short holding period.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 0.10% on or before 30D, Nil after 30D.
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Direct Growth Plan?
The current NAV is ₹9.1607 as of 11 Sep 2026.
What are the 1-year, 3-year and 5-year returns?
The 1-year return is -0.15%, while the 3-year and 5-year returns are both Data not available.
How does the fund compare with its benchmark?
It has done better than the benchmark in the available short windows, but its own returns are still negative. That means it has held up relatively better than the benchmark without generating positive absolute performance.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
What is the risk category of this fund?
The fund is in the High Risk category and is suited to investors comfortable with sharp fluctuations.
Who manages the fund?
The fund is managed by Bhavesh Jain, Bharat Lahoti and Manasi Jalgaonkar.
Bottom line
This scheme’s recent returns are weak, but they have still been less negative than the benchmark in the periods available. Because there is no 3-year or 5-year history to lean on, the current story is mostly about short-run resilience rather than established long-term compounding. The portfolio’s top holdings carry a noticeable share of the book, which adds to the need for risk tolerance. In our view, it fits investors who want a systematic equity allocation and can stay patient through uneven stretches.
Published on 15 September 2026 at 3:36 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.