Mumbai, April 25, 2025: Edelweiss Asset Management Limited (EAMC/EMF), one of India’s fastest growing AMCs, has announced the launch of Edelweiss BSE Internet Economy Index Fund – an open-ended index fund replicating the BSE Internet Economy Total Return Index. The index spans 11 sub-industries, including e-retail, internet and catalogue retail, e-learning, digital entertainment, financial technologies and other digitally driven sectors, offering investors targeted exposure to India’s internet-led growth story. The New Fund Offer (NFO) will be open for subscription from April 25 to May 9, 2025.
India is among the top two countries in the world in many dimensions of digital adoption. India’s Digital Economy is set to become a USD 1 trillion opportunity by 2030, due to a solid network that is strengthening India’s digital marketplace. The BSE Internet Economy Index Fund is recommended for investors who want to invest in this growth story. The fund selectively invests in stocks forming part of the BSE 500 and stocks belonging to pre-defined sub-industries to be part of its portfolio. Moreover, the index consists only of Internet Economy-linked stocks, having no allocation towards IT and software companies, making it a pure play and attractive for investors who want to invest in businesses that are aligned towards India’s digital and internet economy.
Commenting on the launch, Ms. Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, said: “India’s digital economy is growing 4X times faster than its overall GDP, and is expected to achieve rapid and transformative growth. With increasing internet penetration and tech adoption across sectors, we see a compelling opportunity for investors to participate in this digital revolution. The Edelweiss BSE Internet Economy Index Fund is a one-of-its-kind offering that allows investors an opportunity to invest in a pure play internet and digital economy focused portfolio.”
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of BSE Internet Economy Total Return Index, subject to tracking errors. The index comprises the top 20 companies selected from the BSE 500 based on their six-month average market capitalisation and represents India’s rapidly growing digital ecosystem.
Edelweiss BSE Internet Economy Index Fund is a prudent opportunity for investors looking to diversify their portfolio based on the growth of the Indian digital economy scheme. Investors can begin investing in this fund with a minimum investment amount of ₹100, hereafter with additional investments in multiples of ₹1. The scheme would be managed by Bhavesh Jain & Bharat Lahoti, Co-Head, Factor Investing, Edelweiss MF.
