Edelweiss MF has launched the Edelweiss Nifty REITs and Realty Index Fund, the first REIT-based Index Fund in India, said the company in a press release. The underlying tracker is the Nifty REITs & Realty Total Return Index.
The underlying index currently maintains a minimum 60% allocation to listed REITs, with the remaining allocation comprising listed real estate companies. The index methodology is constructed in such a way that the allocation to REITs can increase upto 100% as the eligible listed REIT universe expands.
The NFO period is from August 5 to August 19.
Radhika Gupta, MD & CEO, Edelweiss Asset Management Company Ltd, said, “Real estate has long been an important asset class for Indian investors, but access has often been limited by high capital requirements and operational complexities. REITs have helped democratize access to quality, income-generating real estate assets through a regulated and transparent structure. With India’s first REIT-based index fund, we are making it even simpler for investors to gain diversified exposure to this asset class through a low-cost and accessible investment solution. We believe this fund expands investment opportunities and helps investors build more diversified portfolios.”
The scheme will be managed by Bharat Lahoti, Co-Head – Factor Investing at Edelweiss Asset Management and Manasi Jalgaonkar, Assistant Fund Manager.
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