Mutual Fund News : Edelweiss Mutual Fund Introduces Edelweiss Focused Equity Fund

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Edelweiss Mutual Fund has launched a new scheme – Edelweiss Focused Equity Fund

It is an open-ended equity scheme investing in maximum 30 stocks across market capitalisation.

The investment objective of the fund is to generate long term capital appreciation by investing in equity and equity related instruments of up to 30 companies across market capitalisation.

However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Under normal circumstances, Edelweiss Focused Equity Fund will hold an allocation of 65% to 100% of its assets in Equity & Equity related instruments, and 0% to 35% of its assets in Debt and Money Market Instruments. The scheme may also invest 0% to 10% of its assets in Units issued by REITs and INVITs.

The investment strategy of Edelweiss Focused Equity Fund as mentioned in the Scheme Information Document (SID) is as follows:

Edelweiss Focused Equity Fund aims to predominantly invest in a concentrated portfolio of equity & equity related instruments of up to 30 companies across market capitalisation.

In order to have a concentrated portfolio, the scheme will follow a bottom-up stock selection approach. The scheme will reflect best investment ideas of the fund manager at all points of time. The universe of stocks is carefully selected to include companies having a robust business model and enjoying sustainable competitive advantages as compared to their competitors. The scheme will invest in companies across market capitalisation and sector based on investing opportunities that may arise from time to time.

Edelweiss Focused Equity Fund’s performance will be benchmarked against NIFTY 500 Total Return Index.           

The fund will be managed by Mr Trideep Bhattacharya and Mr Abhishek Gupta.

The NFO opens for subscription on July 12, 2022 and closes on July 25, 2022. The scheme will reopen for continuous sale and repurchase on or before: August 05, 2022.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.

The fund offers Regular Plan and Direct Plan having Growth and Income Distribution cum capital withdrawal (IDCW) (Payout and Reinvestment).