MUTUAL FUNDS
Edelweiss Mutual Fund files offer document for Equity Yield Fund
Aug-09-2019

Edelweiss Mutual Fund has filed offer document with SEBI to launch open ended equity scheme named ‘Edelweiss Equity Yield Fund'. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load  If the Units are redeemed / switched out on or before 180 days from the date of allotment will be 0.50%; If the Units are redeemed / switched out after 180 days from the date of allotment will be Nil. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty Liquid Fund Index. The minimum application amount for initial purchase is Rs 5,000 and multiples of Re 1 thereafter.

The investment objective of the scheme is to provide equity linked returns with minimum volatility by investing in mix of various equity and equity related instruments including derivatives.

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