Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Plan has a NAV of ₹18.4586 as of 17 Sep 2026 and a scheme AUM of ₹1,833 Cr. Its 1-year, 3-year and 5-year returns are 0.33%, 14.04% and Data not available, and the scheme carries a High Risk label. Our view is that this is a momentum-linked mid-cap index strategy that can move sharply in the short term, while the longer run has been stronger than the recent stretch.
The fund is more suitable for investors who can tolerate volatility and want exposure to a mid-cap momentum theme rather than a steady, low-variation equity line-up. Its recent numbers show a weaker 1-year phase, but the 3-year track is still meaningfully ahead of the benchmark, which makes the fund interesting for investors who can stay invested through uneven periods.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹18.4586 as of 17 Sep 2026 |
| AUM | ₹1,833 Cr |
| Expense Ratio | 0.42% |
| Launch Date | 30 Nov 2022 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.50% 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 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.55% | -3.66% |
| 3M | -2.71% | -3.71% |
| 1Y | 0.33% | -7.13% |
| 3Y | 14.04% | 5.82% |
| 5Y | Data not available | Data not available |
The recent pattern is softer than the 3-year picture, but the fund has still held up better than the benchmark over 1 month, 3 months and 1 year. That matters because the benchmark itself has been weak over the 1-year window, while the fund stayed marginally positive.
Over 3 years, the gap is more meaningful: the fund has compounded at 14.04%, while the benchmark return is 5.82%. That tells us the strategy has captured a stronger upside cycle over a fuller market span, even if the latest 12 months have not matched that pace.
The shorter-dated series also suggests a choppier path rather than a smooth climb. The fund has moved through several drawdowns and recoveries, which is consistent with a momentum-led mid-cap exposure. For investors, the key point is that the fund’s stronger 3-year record is not mirrored in the most recent 1-year result, so timing and holding period matter.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Edelweiss Nifty Midcap150 Momentum 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 Nifty Midcap150 Momentum 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Plan | 0.33% | 14.04% | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.13% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.68% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 17.57% | 18.84% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is far below the peer set shown here, while its 3-year return is more competitive than the shorter-horizon figures suggest. That split tells us the recent stretch has been weak, but the longer arc is not as soft as the latest year implies.
Among peers with longer histories, the fund’s 3-year return sits below ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan and ICICI Pru Nifty Pharma Index Fund Direct Growth Plan, but above the peer funds that do not carry 3-year figures. The comparison therefore points to a fund that has not kept pace with the strongest longer-run peer outcomes, even though its own 3-year number is materially stronger than its 1-year result.
Source data date: as of 17 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Laurus Labs Ltd. | Healthcare | 6.32% |
| Multi Commodity Exchange of India Ltd. | Finance | 5.74% |
| The Federal Bank Ltd. | Bank | 4.81% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 4.42% |
| Ge Vernova T&D India Limited | Capital Goods | 4.22% |
| BSE Ltd. | Finance | 4.05% |
| Bharat Forge Ltd. | Automobile & Ancillaries | 3.97% |
| Hitachi Energy India Ltd. | Capital Goods | 3.62% |
| National Aluminium Company Ltd. | Non – Ferrous Metals | 3.35% |
| Polycab India Ltd. | Electricals | 3.32% |
The top 10 holdings account for approximately 43.82% of the portfolio.
To see all holdings, visit the Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Plan page
The largest holding, Laurus Labs Ltd. at 6.32%, is not oversized by itself, but it is still large enough to matter because it is the single biggest listed position in the disclosed set. The tenth holding is 3.32%, so the fall from first to tenth is visible but not abrupt.
That profile suggests the fund is spread across a cluster of mid-cap names rather than anchored by one very dominant position. The top 10 still account for 43.82% of the portfolio, which means the disclosed sleeve is fairly concentrated even though the remaining 36 holdings provide a longer tail.
For investors, that mix may create a portfolio that can benefit if several of the chosen stocks move together in the same direction, but it may also make the fund more sensitive to momentum reversals. The combination of 46 holdings and a sub-50% top-10 weight points to breadth beyond the biggest names, while the individual weights show that the strongest positions are still likely to influence returns.
Source data date: as of 17 Sep 2026
Who should invest
This fund is better suited to investors who can handle High Risk equity exposure and are comfortable with swings in performance. The 3-year return is stronger than the benchmark, but the 1-year result is much softer, so the holding period matters.
Investors with a medium-to-long horizon may find the theme more relevant than those looking for smoother year-by-year outcomes. The main trade-off is accepting a choppy ride in exchange for the possibility of stronger momentum-led upside when the underlying mid-cap names are in favour.
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: 0.50% on or before 30D, Nil after 30D.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct Growth Plan?
The current NAV is ₹18.4586 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 0.33% and the 3-year return is 14.04%. The 5-year return is Data not available.
How does the fund compare with its benchmark?
It has done better than the benchmark over 1 month, 3 months, 1 year and 3 years. The 3-year gap is especially clear, with the fund at 14.04% versus 5.82% for the benchmark.
How does it compare with the peer funds listed here?
Its 1-year return is much lower than the peer funds shown, while its 3-year return is more competitive than the short-term figure suggests. The contrast means the fund looks weaker recently than several peers, but its longer run is not as soft as the latest year implies.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹100.
What are the main risk and portfolio features?
The fund carries a High Risk label and is concentrated across mid-cap holdings, with the top 10 positions accounting for 43.82% of the portfolio. The largest holding is Laurus Labs Ltd. at 6.32%, and the fund managers are Bhavesh Jain, Bharat Lahoti and Manasi Jalgaonkar.
Bottom line
This fund’s recent performance is softer than its 3-year record, so the short-term and longer-term pictures are not the same. It has also lagged the strongest peer returns on the 1-year frame, while its own 3-year result is still ahead of the benchmark. With a High Risk label and a portfolio built around mid-cap momentum names, it may suit investors who can accept volatility and hold long enough for the theme to play out.
Published on 18 September 2026 at 8:39 AM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
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.