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

Edelweiss Nifty Next 50 Index Fund Direct Growth Plan has a NAV of ₹16.6291 as of 17 Sep 2026 and an AUM of ₹302 Cr. Its 1-year, 3-year and 5-year returns are 2.65%, 15.72% and 0% respectively, and the scheme sits in the High Risk bucket. Our view is that the fund has shown a better medium-term trend than its shorter-term numbers suggest, but the recent wobble and the narrow, top-heavy portfolio mean the ride can still be uneven.

The fund is more suited to investors who want index-style exposure to the Nifty Next 50 universe and can tolerate volatility. The combination of a low expense ratio, direct growth structure and a portfolio concentrated in a handful of large positions may appeal to long-horizon investors who can live with periods when returns trail both the broader market and stronger thematic peers.

Quick facts

Particular	Details
NAV	₹16.6291 as of 17 Sep 2026
AUM	₹302 Cr
Expense Ratio	0.08%
Launch Date	30 Nov 2022
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Index Funds
Exit Load	No exit load
Fund Managers	Bhavesh Jain, Manasi Jalgaonkar

The fund is managed by Bhavesh Jain and Manasi Jalgaonkar.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-4.23%	-3.66%
3M	-1.61%	-3.71%
1Y	2.65%	-7.13%
3Y	15.72%	5.82%
5Y	Data not available	Data not available

Recent performance has been mixed. The fund was weaker over the latest month, but it recovered on a three-month view and stayed positive over one year while the benchmark remained negative. That tells us the fund has not moved in a straight line, even though the one-year result is clearly better than the benchmark’s.

The three-year picture is stronger. The fund’s 15.72% return points to a healthier compounding trend over a full market cycle than the benchmark’s 5.82%, which suggests the portfolio has captured the Nifty Next 50 opportunity set more effectively over time than the benchmark line reflected in this comparison.

The short-term chart also shows periods of weakness followed by recovery, which is typical of a concentrated index strategy tied to mid-to-large emerging names. In our view, the recent softness does not erase the longer trend, but it does show that the path can be choppy and that short holding periods may not reflect the fund’s fuller return pattern.

For investors, the key point is that the fund has outpaced the benchmark on 1-year and 3-year figures, while the latest month and quarter were softer. That mix matters because it signals a fund that can participate well when the segment is in favour, but can still lag in weaker stretches.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Edelweiss Nifty Next 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 Next 50 Index? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Nifty Next 50 Index Fund Direct Growth Plan	2.65%	15.72%	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 fund’s 1-year return is well below the peer set that is visible here, while its 3-year number is also lower than the stronger long-duration comparators. That leaves the fund looking more moderate on recent return data even though its three-year trend is ahead of the benchmark used in the performance section.

The longer-duration comparison is more nuanced. The fund’s 3-year return is solid in absolute terms, but the available peer figures show several strategies with much stronger one-year and, where available, three-year outcomes. So the peer set tells a different story from the benchmark comparison: the fund looks better versus the benchmark than it does against the visible peer universe.

For us, that split is important. It suggests the fund has done enough to stay relevant as an index exposure, but its recent return profile has not matched the stronger peer outcomes on display. The better medium-term trend helps, yet the short-term gap remains visible.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Divi'S Laboratories Ltd.	Healthcare	4.74%
TVS Motor Company Ltd.	Automobile & Ancillaries	4.02%
Tata Motors Ltd.	Domestic Equities	3.88%
Hindustan Aeronautics Ltd.	Capital Goods	3.59%
Adani Power Ltd.	Power	3.24%
Cholamandalam Investment & Finance Company Ltd.	Finance	3.17%
Samvardhana Motherson International Ltd.	Automobile & Ancillaries	2.97%
Torrent Pharmaceuticals Ltd.	Healthcare	2.93%
Cummins India Ltd.	Automobile & Ancillaries	2.72%
Bharat Petroleum Corporation Ltd.	Crude Oil	2.59%

The top 10 holdings account for approximately 33.85% of the portfolio.

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

The largest holding, Divi'S Laboratories Ltd., is 4.74% of the portfolio, so no single name dominates the fund by itself. Even so, the first few positions are all in the 3% to 5% range, which means they can still shape returns meaningfully when those companies move sharply.

The weight gap from the largest holding to the tenth is not extreme, but it is noticeable. That suggests the fund is spread across a reasonably broad basket at the top, while still keeping a clear tilt toward a handful of larger positions that may influence near-term performance.

With 50 total holdings and 33.85% in the top 10, the portfolio appears somewhat concentrated at the top and then likely more diversified through the remaining positions. Our view is that this balance may reduce single-stock dependence, but it does not remove the impact of a relatively active top layer.

Source data date: as of 17 Sep 2026

Who should invest

This fund fits investors who are comfortable with High Risk exposure and can stay invested long enough for the Nifty Next 50 segment to play out. The 3-year return is clearly stronger than the 1-year result, and both are better than the benchmark in the performance section, so the fund makes more sense for people who can tolerate uneven shorter-term moves.

The trade-off is straightforward: you get low-cost index exposure and a portfolio built around emerging large names, but recent returns can swing around and may not always track the broader market smoothly. Investors with a multi-year horizon and patience for volatility are the natural fit here.

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 17 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Nifty Next 50 Index Fund Direct Growth Plan?
Its NAV is ₹16.6291 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 2.65% for 1 year, 15.72% for 3 years and 0% for 5 years. The 5-year figure should be read as unavailable because the scheme does not have a full 5-year return history yet.

How has the fund performed versus its benchmark?
It has done better than the benchmark on the 1-year and 3-year figures shown here. The benchmark is weaker over the same periods, which means the fund has held up better in the comparison used in this review.

How does it compare with the peer funds listed here?
Its 1-year return is lower than the visible peer funds in this comparison, and its 3-year return is also below the stronger peer numbers where those are available. The peer set therefore looks more forceful on recent return data.

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 and Manasi Jalgaonkar. There is no exit load.

Bottom line

Edelweiss Nifty Next 50 Index Fund Direct Growth Plan shows a clear gap between recent softness and a better longer-term trend. Its 1-year number is modest, but the 3-year return is stronger and compares favourably with the benchmark in this review. Against the visible peer set, however, the fund looks less forceful on return data. The portfolio’s top end is moderately concentrated across a small group of holdings, which can help capture upside but also keeps volatility meaningful for high-risk investors with a longer horizon.

Published on 18 September 2026 at 8:36 AM 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.