Edelweiss Launches Nifty REITs & Realty Index Fund

Edelweiss has launched an open-ended Nifty REITs & Realty Index Fund, which tracks an index composed of 60% REITs and 40% realty stocks with a 15% concentration limit.

The fund is currently in its New Fund Offer (NFO) period and is classified as an 'other mutual fund' for tax purposes, with short-term capital gains taxed at the investor's marginal slab rate.

Investors are cautioned that the underlying index has limited history since its July 1, 2021 inception and carries high cyclical risks, making it unsuitable as a low-risk income source.