Edelweiss BSE Internet Economy Index Fund NFO review

Edelweiss BSE Internet Economy Index Fund , a thematic passive fund, will aim to ride the country's expanding digital landscape by tracking the BSE Internet Economy Total Return Index (TRI). The new fund offer (NFO) opened for subscription on April 25 and will remain open until May 9. The minimum investment starts at Rs 100 and redemptions within 30 days attract a 0.1 per cent exit load. From a taxation standpoint, the fund is treated as an equity-oriented scheme. Edelweiss BSE Internet Economy Index Fund NFO snapshot Fund name Edelweiss BSE Internet Economy Index Fund Fund type An open-ended index fund Tracking Index BSE Internet Economy Index Fund Manager Bhavesh Jain, Bharat Lahoti  Exit Load 0.10 per cent if units are redeemed within 30 days Taxation If units are sold within a year, gains will be taxed at 20 per cent. If units are sold after one year, gains beyond Rs 1.25 lakh are taxed at 12.5 per cent. What is the BSE Internet Economy Index? Launched in October 2024, the BSE Internet Economy Index is built to capture businesses that are deeply embedded in internet-driven operations. It comprises 20 companies drawn from the BSE 500, selected based on their six-month average free-float market capitalisation. The index has a ceiling for having no more than three companies from a sub-industry with no individual stock exceeding 15 per cent weight at the time of quarterly rebalancing. That said, as of March 31, 2025, the top five stocks—Bharti Airtel, Zomato, Info Edge, PB Fintech and MCX—together account for over 50 per cent of the index's weight. The index is also skewed toward just three sectors: consumer discretionary (39.5 per cent), financial services (