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EMF Unveils India’s First BSE Internet Economy Index Fund.

Index | Dated: 27 Apr 2025

On April 24, 2025, Edelweiss Mutual Fund (EMF), also known as Edelweiss Asset Management Limited (EAML), a subsidiary of Mumbai (Maharashtra)-based Edelweiss Financial Services Limited (EFSL), announced the launch of the 'Edelweiss BSE Internet Economy Index Fund'—India's first index fund providing exposure to the BSE Internet Economy Index.

🎯 Key Highlights:

  • - The investment objective of the scheme is to generate returns, before expenses, that closely correspond to the total returns of the BSE Internet Economy Total Return Index, subject to tracking errors.
  • - Edelweiss adopts a transparent, rules-based approach, specifically excluding traditional Information Technology (IT) and software companies. The fund is designed to reflect the performance of businesses that are part of India's rapidly expanding internet-driven economy.
  • - Edelweiss BSE Internet Economy Index Fund is an open-ended index fund designed to replicate the performance of the BSE Internet Economy Total Return Index. The New Fund Offering (NFO) opens for subscription on April 25, 2025, and will close on May 9, 2025. This fund offers investors a unique opportunity to participate in India's rapidly evolving digital economy.

💡 Other Important Facts:

  • (i) The underlying index includes the top 20 companies from the BSE 500, selected based on their six-month average market capitalization. It spans 11 sub-industries such as e-retail, internet and catalogue retail, e-learning, digital entertainment, fintech, and other digitally driven sectors, reflecting the breadth of India’s internet ecosystem.
  • (ii) Investors can start with a minimum investment of Rs. 100 and add in multiples of Rs. 1 thereafter. According to the Scheme Information Document (SID), an exit load of 0.10% will be applicable if units are redeemed or switched within 30 days from the date of allotment. No exit load is charged for redemptions made after the 30-day period.
  • (iii) The fund will be managed by Bhavesh Jain and Bharat Lohoti, Co-Heads of Factors Investing at Edelweiss Mutual Fund. The NFO, or New Fund Offering, represents the initial phase where the Asset Management Company (AMC) sells units of the scheme to investors to raise capital and attract early participation.

📚 Test Your Knowledge:

Which mutual fund company launched India’s first BSE Internet Economy Index Fund?

Correct Answer: Edelweiss Mutual Fund

🚀 Quick Recap:

About Edelweiss Mutual Fund(EMF)

  • MD & CEO : Radhika Gupta
  • Headquarters : Mumbai