Edelweiss Mutual Fund becomes lowest cost index fund provider
Ahmedabad, July 26, 2023.
Edelweiss Mutual Fund has made a significant move to benefit passive investors by reducing the expense ratio across its Passive Equity Index schemes in direct plans. The expense ratio has been cut to a record-low of 0.05 percent, the lowest among Nifty 50 index funds in India. This reduction aims to boost investor returns and minimize tracking errors for passive funds.
The expense ratio reduction is expected to bring down tracking error and tracking difference, which is the difference between the returns of the fund and the benchmark index it aims to replicate. This shall help these low cost passive funds stay closer to their benchmark performance, giving investors more accurate exposure to the index they are tracking.
This strategic decision by Edelweiss...
