MUTUAL FUNDS
Edelweiss Mutual Fund files offer document for BSE Capital Markets & Insurance ETF
Oct-31-2024

Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended exchange traded scheme named ‘Edelweiss BSE Capital Markets & Insurance ETF’. The New Fund Offer price will 1/100th value of the BSE Capital Markets & Insurance closing Index as on the date of allotment for applications. 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 BSE Capital Markets& Insurance TRI. The minimum application amount is Rs 5000 and in multiple of Re 1 thereafter.

The investment objective of the scheme is to generate returns that are in line with the performance of the BSE Capital Markets & Insurance Total Return Index, subject to tracking errors.


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