Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth Plan has a NAV of ₹9.9748 as of 10 Sep 2026 and a scheme AUM of ₹92 Cr. Its 1-year, 3-year and 5-year returns are -0.66%, 0% and 0% respectively, and the fund sits in the High Risk category. Our view is that it looks suitable only for investors who can tolerate sharp swings and are mainly interested in a rules-based equity strategy rather than a steady short-term return path.

The fund has been on the market since 16 May 2024, so the performance history is still developing. The return profile suggests a mixed near-term picture and a benchmark-sensitive equity exposure, while the portfolio shows a fairly concentrated set of large individual positions across healthcare, FMCG, power, banking and industrial names.

Quick facts

Particular	Details
NAV	₹9.9748 as of 10 Sep 2026
AUM	₹92 Cr
Expense Ratio	0.39%
Launch Date	16 May 2024
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	0.10% on or before 15D, Nil after 15D
Fund Managers	Bhavesh Jain, Manasi Jalgaonkar

The fund is managed by Bhavesh Jain and Manasi Jalgaonkar.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.82%	-4.06%
3M	4.69%	1.37%
1Y	-0.66%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-term pattern has been uneven, but the fund has still held up better than the benchmark over the most recent 1-year window. That matters because the benchmark itself has been weak over the same period, and the fund’s smaller decline suggests the strategy has cushioned part of the broader market pressure.

At the 3-month level, the fund has done better than the benchmark, which indicates a stronger recent rebound. The 1-month picture is more restrained, with both the fund and benchmark negative, but the fund’s decline is marginally smaller. That is consistent with a low-volatility tilt that may not fully escape drawdowns, yet can reduce the impact when market conditions soften.

Longer horizon interpretation needs some caution because the fund is still relatively new, so the 3-year and 5-year return fields are not available. Even so, the available history points to a strategy that has been more resilient than the benchmark in the near term rather than one that has built a long track record of compounding.

For investors, the main takeaway is that recent behaviour has been better than the benchmark on the provided windows, but the fund does not yet have a long record to support stronger long-horizon conclusions.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Edelweiss Nifty Alpha Low Volatility 30 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 Alpha Low Volatility 30 Index Fund Direct Growth Plan	-0.66%	Data not available	Data not available
ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan	33.08%	30.07%	Data not available
Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan	26.95%	Data not available	Data not available
Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan	26.94%	Data not available	Data not available
Tata Nifty Capital Markets Index Fund Direct Growth Plan	24.33%	Data not available	Data not available
Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan	23.74%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, the fund trails several of the peer schemes listed here, while its own 1-year number is still better than the benchmark. The important distinction is that the peer set includes several thematic index funds with much stronger recent momentum, so the comparison is not simply about one fund lagging or leading a single style. Because 3-year and 5-year peer figures are unavailable for most rows, the short-term comparison tells a clearer story than the longer-term one.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Torrent Pharmaceuticals Ltd.	Healthcare	4.62%
Marico Ltd.	FMCG	4.04%
NTPC Ltd.	Power	4.04%
Apollo Hospitals Enterprise Ltd.	Healthcare	3.94%
Nestle India Ltd.	FMCG	3.92%
Bajaj Auto Ltd.	Automobile & Ancillaries	3.88%
ICICI Bank Ltd.	Bank	3.75%
Cummins India Ltd.	Automobile & Ancillaries	3.7%
The Federal Bank Ltd.	Bank	3.66%
Sun Pharmaceutical Industries Ltd.	Healthcare	3.61%

The top 10 holdings account for approximately 39.16% of the portfolio.

To see all holdings, visit the Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth Plan page

The largest holding is Torrent Pharmaceuticals Ltd. at 4.62%, which is meaningfully above each of the individual names that follow but still not large enough to dominate the portfolio on its own. That gap from the first holding to the tenth is fairly moderate, with the tenth holding at 3.61%, so the allocation across the disclosed names does not look sharply top-heavy.

At the same time, the combined weight of the top 10 holdings is 39.16%, which indicates that a sizeable share of the portfolio sits in a relatively small group of stocks. With 30 disclosed holdings in total, the strategy may still have a broader tail beyond the largest names, but the visible portion suggests the fund’s near-term behaviour could be influenced more by a handful of positions than by broad diversification alone.

Sector-wise, the leading holdings lean toward healthcare, FMCG, power, banking and industrial exposure. That mix may help reduce dependence on a single industry theme, but the fund still appears selective rather than widely spread across the market.

Source data date: as of 10 Sep 2026

Who should invest

This fund is suited to investors who are comfortable with High Risk exposure and can stay invested long enough for an index strategy to work through short-term noise. The near-term return pattern is uneven, but it has generally held up better than the benchmark in the available periods, which can appeal to investors looking for a rules-based equity allocation with some volatility control.

The main trade-off is that the fund may provide a less dramatic upside than stronger momentum peers in sharp rallies, while still carrying equity risk and short-term swings. It may fit better as a medium- to longer-horizon holding for investors who accept that near-term outcomes can remain choppy and who value a disciplined portfolio structure over fast gains.

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 15D, Nil after 15D.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth Plan?
Its current NAV is ₹9.9748 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is -0.66%, while the 3-year and 5-year returns are both 0 in the record available here. That means the longer-horizon fields are not meaningfully available for comparison.

How has the fund performed against Nifty 50?
It has done better than Nifty 50 in the available near-term windows. Over 1 month, 3 months and 1 year, the fund’s return is less weak or better than the benchmark’s corresponding figure.

How does it compare with peer funds on recent returns?
Its 1-year return is below the stronger recent numbers shown by several peer index funds in the comparison table. The gap is especially clear against the thematic peers with double-digit 1-year performance.

Is there a minimum SIP amount?
The minimum SIP amount is ₹100.

What are the risk label, fund managers and exit load?
The fund is marked High Risk and is managed by Bhavesh Jain and Manasi Jalgaonkar. The exit load is 0.10% on or before 15D, and nil after 15D.

Bottom line

Edelweiss Nifty Alpha Low Volatility 30 Index Fund Direct Growth Plan has shown a mixed short-term pattern, but it has generally held up better than Nifty 50 in the windows available here. Against peers with available 1-year numbers, it looks weaker on recent momentum, while the portfolio still shows a fairly focused set of large holdings rather than a very broad spread. That combination makes it more relevant for investors who want a rules-based equity allocation and can tolerate High Risk, rather than for those looking for a proven long-term compounding record.

Published on 11 September 2026 at 1:16 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.