Edelweiss BSE Internet Economy Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Edelweiss BSE Internet Economy Index Fund Direct Growth Plan has a NAV of ₹11.6155 as of 15 September 2026 and an AUM of ₹40 Cr. Its 1-year, 3-year and 5-year returns are 6.51%, 0% and 0%, and the fund sits in the High Risk category.
Our view is that this is a niche index fund with a concentrated portfolio and uneven return history. The recent one-year figure is positive, but the benchmark has been weaker over the same period, while the longer history is still too short to support a full multi-year assessment.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.6155 as of 15 Sep 2026 |
| AUM | ₹40 Cr |
| Expense Ratio | 0.44% |
| Launch Date | 15 May 2025 |
| 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 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.08% | -4.81% |
| 3M | 11.28% | -3.63% |
| 1Y | 6.51% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is stronger than the benchmark over the same windows, especially over three months and one year. That tells us the portfolio has held up much better than the reference index in the latest phase, even though the one-month figure is only marginally negative. The short-term recovery also looks more stable than the benchmark’s weaker path.
At the same time, the fund does not yet have a long public return record that lets us judge a full cycle. Since it launched in May 2025, the 3-year and 5-year return fields are not available in a meaningful way. For an index fund, that means the most useful signal right now is how it has behaved over recent market swings rather than any long-term compounding claim.
The chart pattern behind the returns suggests a fund that moved through some weakness and then recovered into a positive 3-month and 1-year outcome. That is encouraging, but it is still early days for a scheme of this vintage. In our view, the key question is less about legacy performance and more about whether an investor is comfortable with a narrow theme and a high-risk profile.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD Edelweiss BSE Internet Economy 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 BSE Internet Economy Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Edelweiss BSE Internet Economy Index Fund Direct Growth Plan | 6.51% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 29.31% | 30.01% | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 21.71% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 21.45% | Data not available | Data not available |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan | 20.15% | Data not available | Data not available |
| ICICI Pru Nifty Pharma Index Fund Direct Growth Plan | 18.11% | 18.92% | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s one-year return is well below the strongest peer figures in this set, while the 3-year field is not meaningful for the scheme yet. Among peers with longer data, some have materially stronger 3-year outcomes, which makes the current fund look more like a new, theme-specific product than a mature long-horizon option.
The comparison also tells two different stories. In the short term, the fund has been positive and has beaten its benchmark, but in the peer set it trails the stronger one-year performers by a wide margin. That gap matters because the fund’s recent improvement has not yet translated into a track record that matches the better-established theme funds on the list.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Eternal Ltd. | Retailing | 17.20% |
| Bharti Airtel Ltd. | Telecom | 12.96% |
| Multi Commodity Exchange of India Ltd. | Finance | 11.11% |
| One 97 Communications Ltd. | IT | 9.11% |
| PB Fintech Ltd. | IT | 8.80% |
| Info Edge (India) Ltd. | IT | 6.50% |
| FSN E-Commerce Ventures Ltd. | Retailing | 6.03% |
| Swiggy Ltd. | Retailing | 5.08% |
| Vodafone Idea Ltd. | Telecom | 5.07% |
| Tata Communications Ltd. | Telecom | 2.59% |
The largest holding, Eternal Ltd., carries a weight of 17.20%, so it is likely to have a greater influence on the fund than any other single position. From there, the weights step down fairly quickly, but the top ten still cover a sizable share of the portfolio. The difference between the first and tenth holding is also wide, which points to a clear tilt toward the largest names.
The top 10 holdings account for approximately 84.45% of the portfolio. That suggests the fund is fairly concentrated in a handful of companies, even though it still holds 20 positions in total. In practice, that concentration may make the fund more sensitive to the performance of the largest internet and digital-economy names than a more evenly spread index product.
Because the disclosed holdings extend beyond the top 10, the tail may still play a role, but the visible structure already shows a strong top-heavy pattern. We would read that as a sign that the portfolio’s outcome may depend heavily on a small group of holdings rather than on broad diversification across many equally weighted names.
To see all holdings, visit the Edelweiss BSE Internet Economy Index Fund Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk exposure and who are comfortable with a theme that is tied to the internet economy. The recent 1-year return is positive and better than the benchmark, but the absence of a longer public return history means the track record is still developing.
It is more suitable for a longer horizon than for a short-term parking place, because the portfolio is concentrated and the strategy can move sharply with the underlying theme. The main trade-off is that you get targeted exposure to a fast-changing segment, but you must accept higher swings and less proven long-term evidence than a broader diversified equity fund.
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 15 Sep 2026
Frequently asked questions
What is the current NAV of Edelweiss BSE Internet Economy Index Fund Direct Growth Plan?
The current NAV is ₹11.6155 as of 15 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 6.51%, while the 3-year and 5-year return fields are Data not available.
How does the fund compare with its benchmark?
The fund has outperformed the benchmark over the recent 1-month, 3-month and 1-year periods. Over 1 year, the fund returned 6.51% while the benchmark return was -8.27%.
How does it compare with peer funds on recent returns?
Its 1-year return trails several peers in the comparison set, including ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan at 29.31% and Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan at 21.71%.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Bhavesh Jain, Bharat Lahoti and Manasi Jalgaonkar. The exit load is 0.10% on or before 30D, and nil after 30D.
Bottom line
This fund’s recent return profile is stronger than its benchmark, but the longer horizon is still too short to judge it like a seasoned equity strategy. In the peer set, the one-year number is noticeably lower than several comparable theme funds, which suggests the recent improvement has not yet translated into broad relative strength. The portfolio is also concentrated, with the top 10 holdings accounting for 84.45% of assets, so the fund’s path may remain closely tied to a small group of names.
Published on 16 September 2026 at 4:29 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.