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Edelweiss Mutual Fund has launched two smart beta funds focussing on quality and momentum -
an ETF Edelweiss Nifty500 Multicap Momentum Quality 50 ETF and Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund.
The NFO will be open for subscriptions from October 11 and close on October 25.
This multi-factor passive funds are based on two factors – momentum and quality. They track the performance of 50 stocks chosen from the Nifty 500 stocks universe and offer investors access to stocks with strong fundamentals and price momentum.
In a press release, Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, said, "By combining momentum and quality, it selects stocks with strong financial health, earnings stability, and consistent fundamentals, while capturing market trends and reducing risk, especially in midcap and smallcap segments."
