The Edelweiss Nifty500 Multicap Momentum Qual. 50 ETF, managed by Edelweiss Asset Management Limited, aims to replicate the performance of the Nifty500 Multicap Momentum Quality 50 Total Return Index.

This factor-based scheme employs a tracking approach to align returns with its benchmark, though it acknowledges potential tracking errors that may arise during performance evaluation.

The fund's portfolio is notably concentrated in the Financial Services sector, comprising 20.49%, with significant holdings in Eicher Motors Ltd. and Britannia Industries Ltd., reflecting sectoral diversity.

Performance has shown a decline of -13.5% over the past year, with a modest tracking error of 0.52%, indicating a need for careful consideration of risk-adjusted returns.

With an AUM of ₹30.99 Cr and an expense ratio of 0.31%, the fund maintains a cost-efficient structure, managed by Bhavesh Jain, who brings 17 years of experience to the role.