Edelweiss Mutual Fund has filed offer document with SEBI to launch Exchange Traded Fund (ETF) named ‘Edelweiss Nifty 50 ETF'. The New Fund Offer price for units would be 1/1000th value of the BSE Sensex ETF closing Index as on the date of allotment. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore. The performance of the scheme will be benchmarked against Nifty 50 TRI. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.The investment objective of the scheme is to generate returns that are in line with the performance of the Nifty 50 Total Return Index.