MUTUAL FUNDS
Edelweiss Mutual Fund files offer document for Consumption Fund
Oct-22-2024

Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Edelweiss Consumption Fund‘. The New Fund Offer price is Rs 10. Entry load will be nil. Exit load will be If the units are redeemed /switched out on or before 90 days from the date of allotment will be 1% of the applicable NAV; If the units are redeemed /switched out after 90 days from the date of allotment -NIL. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty India Consumption TRI. The minimum application amount is Rs 100 and in multiple of Re 1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on companies engaged in consumption and consumption related sectors or allied sectors.


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