MUTUAL FUNDS
Edelweiss MF introduces US Technology Equity Fund of Fund
Feb-14-2020

Edelweiss Mutual Fund (MF) has launched US Technology Equity Fund of Fund an open ended fund of fund scheme. The NFO opens for subscription on February 14, 2020 and closes on February 28, 2020. The Entry load is not applicable for scheme. The Exit load will be 1.00%, if the Units are redeemed / switched on or before 365 days from the date of allotment and nil, if the Units are redeemed / switched out after 365 days from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

The scheme’s performance will be benchmarked against its performance to Russel 1000 Equal Weighted Technology Index and its fund managers are Bhavesh Jain and Hardik Varma.

The investment objective of the scheme is to seek to provide long term capital growth by investing predominantly in JPMorgan Funds – US Technology Funds, an equity fund which invests primarily in US technology companies with strong fundamentals.

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