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EMULTIMQ

NSE
42.33000 INR
0.08
0.19%
Last update May 27, 3:29 PM IST
Market closed
Day range
42.0099983
43.47000
Previous close
42.25
Open
42.46000
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Edelweiss Nifty 500 Multicap 50 ETF
42.33
0.08
0.19%

Overview

Description

Edelweiss Nifty 500 Multicap 50 ETF is an exchange-traded fund designed to replicate the performance of the Nifty 500 Multicap 50:25:25 Index. This ETF provides investors with a diversified exposure across large-cap, mid-cap, and small-cap segments of the Indian equity market, adhering to a specific allocation strategy of 50% in large caps, 25% in mid caps, and 25% in small caps. The primary function of this financial asset is to offer a balanced approach to portfolio diversification, capturing the overall growth potential of India's vast stock market. The ETF is significant in that it enables investors to participate in the broader market dynamics through a single instrument while minimizing transaction costs associated with individual stock purchases. By tracking an index that encompasses 500 companies, it impacts multiple sectors and industries, thereby spreading risk and tapping into various growth opportunities. This makes the Edelweiss Nifty 500 Multicap 50 ETF a pivotal tool for investors seeking comprehensive market exposure and strategic asset allocation in India’s economic landscape.

About

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Instrument type
Common stock
Sector
Industry
Country
India
MIC code
XNSE
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