New Delhi, July 25 -- Investors looking to participate in India's commercial real estate market without buying property directly will soon have a new option. Edelweiss Mutual Fund has launched the Edelweiss Nifty REITs & Realty Index Fund, which it describes as India's first REIT-oriented mutual fund. The new fund offer (NFO) will open for subscription from August 5 to August 19.

The open-ended index fund will track the Nifty REITs & Realty Total Return Index, giving investors exposure to a portfolio of listed Real Estate Investment Trusts (REITs) and listed real estate companies through a single investment. According to the scheme documents, the fund aims to replicate the performance of the benchmark index, subject to tracking error.

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