NFO Alert: Edelweiss BSE Internet Economy Index Fund and Bajaj Finserv Nifty 50 Index Fund

Two index funds have opened for subscription: one from Edelweiss Mutual Fund tracking the digital economy, and another from Bajaj Finserv based on the Nifty 50 Index.

Edelweiss BSE Internet Economy Index Fund

Edelweiss Mutual Fund has launched the Edelweiss BSE Internet Economy Index Fund. It is structured to replicate the BSE Internet Economy Total Return Index, which consists of 20 companies selected from the BSE 500. The index includes firms across internet-focused sectors such as e-retail, online services, fintech, digital marketplaces, telecom infrastructure, and digital entertainment. Traditional IT and software companies are not part of the index. NFO will be available from 25 April to 9 May 2025.

The fund uses a rules-based, transparent methodology to construct its portfolio. Their aim is to reflect the total returns of the BSE Internet Economy Index, subject to tracking error.

Minimum investment is ₹100. Additional investments must be made in multiples of ₹1. The scheme will be managed by Bhavesh Jain and Bharat Lahoti, Co-Heads of Factor Investing at Edelweiss Mutual Fund.

Bajaj Finserv Nifty 50 Index Fund

Bajaj Finserv has announced the Nifty 50 Index Fund, which falls under the Equity | Large Cap category. The fund will invest in all 50 companies that make up the Nifty 50 Index in approximately the same proportion as the index. Their objective is to mirror the performance of the index, not to outperform or underperform it. NFO will be available from 25 April to 9 May 2025.

Details:

• Opening NAV: ₹10.00
• SIP investment starts at ₹500
• Lump sum investment starts at ₹500
• Additional investments of ₹100

The fund will remain open for investment between 25 April and 9 May 2025.

Read more: NFO Alert: SBI Mutual Fund Launches New Arbitrage-Based Fund of Fund

Conclusion 

Both funds are available for subscription during the same window. One tracks the Nifty 50, while the other focuses on companies involved in India’s digital economy.

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 in the securities market are subject to market risks, read all the related documents carefully before investing.