Edelweiss Mutual Fund Renames Debt Index Fund: Key Details and Updates

Edelweiss Mutual Fund has announced a name change for one of its debt index schemes. Effective December 19, 2024, the Edelweiss CRISIL IBX AAA Financial Services – Jan 2028 Index Fund will be renamed to Edelweiss CRISIL IBX AAA Financial Services Bond – Jan 2028 Index Fund. This change is nominal and does not impact the fund’s structure, objective, or investment strategy.

Investment Objective and Scheme Details

The primary objective of this open-ended target maturity debt index fund is to replicate the CRISIL IBX AAA Financial Services – Jan 2028 Index. The scheme achieves this by investing in AAA-rated financial services corporate bonds maturing on or before January 2028, while managing potential tracking errors.

Key Features:

• Scheme Type: Open-ended target maturity index fund
• Risk Profile: Relatively high interest rate risk and relatively low credit risk
• Category: Index Fund

Portfolio and Fund Details

The fund primarily focuses on low-risk securities, with 94.65% of its investments allocated to debt instruments, ensuring a relatively stable performance for fixed-income investors.

Fund Metrics:

• Current Fund Size: ₹132.42 crore
• Net Asset Value (NAV) (as of December 16, 2024): ₹10.048
• Inception Date: November 29, 2024

Performance Since Inception

Since its inception, an initial investment of ₹10,000 in the scheme has grown to ₹10,044, reflecting an absolute return of 0.44%. While the fund’s returns appear modest, it align with its low-risk nature and target maturity strategy.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.