MUTUAL FUNDS
Edelweiss Mutual Fund files offer document for CRISIL IBX AAA Financial Services-Jan 2028 Index Fund
Nov-07-2024
Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended equity linked savings scheme named ‘Edelweiss CRISIL IBX AAA Financial Services-Jan 2028 Index Fund'. The New Fund Offer price will be Rs 10. Entry load will be nil. Exit load will be 0.10% upto 30 days, and Nil after 30 days. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against CRISILIBX AAA Financial Services-Jan 2028 index. The minimum application amount is Rs 100 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to replicate CRISIL IBX AAA Financial Services-Jan 2028 Index by investing in AAA rated financial services corporate bond issuers maturing on or before January 2028.

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