The Edelweiss Nifty500 Multicap Momentum Qual. 50 ETF, managed by Edelweiss Asset Management Limited, aims to align returns with the Nifty500 Multicap Momentum Quality 50 Total Return Index.

This open-ended scheme employs a factor-based investment style, focusing on momentum and quality, while maintaining a tracking error of 0.52%, reflecting its commitment to benchmark replication.

The portfolio features a concentrated allocation with top holdings including Eicher Motors Ltd. and Britannia Industries Ltd., emphasizing sectors like Financial Services and Fast Moving Consumer Goods.

Over the past year, the fund has experienced a decline of 6.0%, indicating challenges in performance consistency, while longer-term CAGR metrics remain unavailable for assessment.

With an AUM of ₹30.99 Cr and an expense ratio of 0.31%, the fund is positioned for efficient cost management, reflecting a strategic approach to investor accessibility and liquidity.