Edelweiss Mutual Fund ranked as the industry’s lowest-cost index fund

Ahmedabad: Edelweiss Mutual Fund has taken a big effort to aid passive investors by lowering the fee ratio across its Passive Equity Index schemes in direct plans. The cost ratio has been reduced to a historic low of 0.05 percent, the lowest among India’s Nifty 50 index funds. This decrease seeks to increase investor returns while reducing tracking mistakes for passive funds.

The lower cost ratio is projected to reduce tracking error and tracking difference, which is the gap between the fund’s returns and the benchmark index it tries to copy. This will assist these low-cost passive funds remain closer to their benchmark performance, providing investors with more accurate exposure to the index they are following.

Edelweiss MFs schemes changed their expense ratio in below index funds with immediate effect –

Edelweiss Nifty 50 Index Fund – Direct Plan 0.05%

Edelweiss Nifty Next 50 Index Fund – Direct Plan 0.09%

Edelweiss Nifty Midcap 150 Momentum 50 Index Fund -0.14%

Edelweiss Nifty Smallcap 250 Index Fund -0.14%

Edelweiss NIFTY Large Mid Cap 250 Index Fund -0.14%

Edelweiss Nifty 100 Quality 30 Index Fund -0.14%

This strategic decision by Edelweiss Mutual Fund, known for its innovative and low-cost offerings, reinforces its commitment to provide good passive solutions to investors. The fund house achieved a notable milestone earlier this year by crossing 1 lakh crore AUM. With this latest move, Edelweiss Mutual Fund sets a new industry benchmark for expense ratios in India, attracting investors seeking optimal returns with minimized costs.