NFO Alert: Edelweiss Mutual Fund Launches Nifty Metal ETF

Edelweiss Mutual Fund has opened the New Fund Offer (NFO) for the Edelweiss Nifty Metal ETF. The offer opened on 6 July 2026 and will close on 20 July 2026.  

The scheme is an open-ended exchange traded fund (ETF) under the Equity: Sectoral–Other category. Investors can apply with a minimum investment of ₹5,000. The fund is available only under the Growth plan. 

Objective of the Scheme 

The ETF is to track the Nifty Metal Total Return Index (TRI). According to the scheme document, the objective is to generate returns that correspond to the benchmark index, subject to tracking error.  

The portfolio will consist of securities included in the Nifty Metal TRI, with investments made in broadly similar proportions.  

As a result, the scheme's performance will move in line with changes in the benchmark rather than investment decisions taken by the fund manager. 

Key Features 

The scheme does not have a lock-in period and carries no exit load. Investors are free to redeem their units without an exit charge. The benchmark includes companies operating across the metals and mining industry.  

Any changes in the index composition will be reflected in the fund portfolio, as the ETF follows an index-replication approach instead of actively selecting stocks. 

Fund Management and Risk 

The scheme will be managed by Bhavesh Jain and Manasi Jalgaonkar. It has been classified as 'Very High' risk under the Riskometer. Since the portfolio is restricted to one sector, the fund's returns will depend on the performance of companies within the metals industry.  

Factors affecting the sector, including commodity prices and industry conditions, may influence the movement of the benchmark index and, in turn, the scheme returns. 

Read More: Upcoming NFOs This Week (July 6 - July 13): Prism Hybrid Long-Short, NJ Momentum, NJ Value and AlphaGrep Funds! 

Conclusion 

The new fund offer opened on 6 July 2026 with a minimum investment of ₹5,000. The ETF will invest in stocks that are part of the Nifty Metal Total Return Index, subject to tracking error. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.