Edelweiss Nifty 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Nifty 50 Index Fund Direct Growth Plan had a NAV of ₹13.7778 as of 16 September 2026 and an AUM of ₹286 Cr. Its 1-year, 3-year and 5-year returns are -7.08%, 5.77% and 0%, and the scheme sits in the High Risk category. Our view is that this is a simple core-market fund for investors who want Nifty 50 exposure at a very low cost, but the recent return profile shows that the last year has been weaker than the medium-term picture.

The fund tracks the Nifty 50, so the outcome is meant to stay close to the large-cap benchmark rather than try to beat it by a wide margin. That makes the portfolio easy to understand, but the return pattern also means investors need patience through weaker short-term phases.

Quick facts

Particular	Details
NAV	₹13.7778 as of 16 Sep 2026
AUM	₹286 Cr
Expense Ratio	0.05%
Launch Date	07 Oct 2021
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
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 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-4.38%	-4.41%
3M	-3.06%	-3.60%
1Y	-7.08%	-7.76%
3Y	5.77%	5.74%
5Y	Data not available	Data not available

Over the short term, the fund has tracked the benchmark closely. The 1-month and 3-month numbers both show a mild gap in its favour, while the 1-year outcome is also slightly better than the Nifty 50. That kind of pattern is typical for an index fund that stays close to its benchmark, but it also tells us the fund has not escaped the broad weakness that large-cap equities saw over the last year.

The 3-year return is the most useful medium-term marker here. At 5.77%, it is almost identical to the benchmark’s 5.74%, which is what we would expect from a fund designed to mirror the index rather than make active calls. That steadiness is useful, but it also means the fund has not created meaningful extra return beyond the benchmark’s path.

The time pattern is uneven. The fund had a strong stretch in the middle of the 3-year window, then gave back some gains later, and the 1-year path shows a similar rise-and-fall sequence. In our view, this reinforces the index-fund nature of the scheme: it is built to participate in the market’s long trend, but investors still have to sit through normal equity drawdowns.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Edelweiss Nifty 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Nifty 50 Index Fund Direct Growth Plan	-7.08%	5.77%	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.

Compared with the peer set shown here, the fund’s 1-year return is clearly weaker than the other available figures, because the peers listed are linked to different themes and have had a much stronger recent run. The more relevant comparison is the 3-year number, where the fund is very close to the benchmark-style profile and sits well below the stronger thematic outcomes. That split matters: the recent one-year picture looks soft, but the medium-term line is steadier and much closer to what an index fund should do.

In our view, the short-term comparison and the longer-term comparison tell different stories. The short-term reading is underwhelming, while the 3-year reading says the fund has done its job of tracking a broad large-cap index with little drift.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Bank Ltd.	Bank	9.86%
ICICI Bank Ltd.	Bank	9.46%
Reliance Industries Ltd.	Crude Oil	7.82%
Bharti Airtel Ltd.	Telecom	5.00%
Larsen & Toubro Ltd.	Infrastructure	4.30%
State Bank of India	Bank	3.98%
Infosys Ltd.	IT	3.61%
Axis Bank Ltd.	Bank	3.39%
Kotak Mahindra Bank Ltd.	Bank	2.80%
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	2.66%

The top 10 holdings account for approximately 52.88% of the portfolio.

To see all holdings, visit the Edelweiss Nifty 50 Index Fund Direct Growth Plan page

The largest holding, HDFC Bank Ltd., carries a 9.86% weight, so it is large enough to have a noticeable influence on day-to-day movement. The next few positions are also meaningful, but the weight steps down from the top names to the tenth holding at 2.66%, which suggests a clear tilt toward a handful of large constituents rather than an evenly spread book.

That said, the portfolio is not narrowly built around just one or two stocks. The displayed top 10 make up 52.88% of the portfolio, while the full set includes 49 holdings, so there is still a broader tail beyond the largest names. For an index fund, that structure may help it remain anchored to the benchmark while still reflecting the concentration that naturally comes with Nifty 50 ownership.

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors who can tolerate High Risk equity swings and who want a straightforward large-cap core holding rather than an active stock-picking approach. The benchmark-linked structure means the main expectation should be market participation over a long enough horizon, not fast outperformance.

The return pattern suggests that a longer holding period matters. The 1-year result has been weak, while the 3-year result is steady and benchmark-like, so investors need the patience to ride through periods when the Nifty 50 is under pressure. The main trade-off is simple: low-cost market exposure and transparency, but limited scope for the fund to pull away from the index.

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: No exit load.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Nifty 50 Index Fund Direct Growth Plan?
Its NAV is ₹13.7778 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -7.08%, its 3-year return is 5.77%, and its 5-year return is 0% in the displayed return summary.

How does this fund compare with the Nifty 50 benchmark?
It has stayed very close to the benchmark. The 1-year return is slightly better than the Nifty 50, and the 3-year return is almost identical.

How does it compare with the peer funds shown here?
Its recent return is much weaker than the peer figures shown, while the 3-year result is more in line with a benchmark-tracking approach.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

What are the fund’s risk, portfolio and exit-load features?
The fund is in the High Risk category, the top 10 holdings account for approximately 52.88% of the portfolio, and there is no exit load. The fund is managed by Bhavesh Jain, Bharat Lahoti and Manasi Jalgaonkar.

Bottom line

This fund’s recent performance has been softer than its 3-year picture, but the longer-term pattern still looks close to a Nifty 50 tracker. Compared with the peer figures shown here, the fund’s latest return is much weaker, although the 3-year figure is more stable and benchmark-like. The portfolio is led by a few large banking and market leaders, which is consistent with broad large-cap index exposure. For investors who want simple, low-cost equity market participation and can stay invested through drawdowns, it remains a straightforward index-fund option.

Published on 17 September 2026 at 12:00 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.