Publish Date:
Edelweiss Mutual Fund has Introduced a new scheme – Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 Index Fund
It is an open-ended target maturity Index Fund investing in the constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – June 2027. A relatively high interest rate risk and relatively low credit risk.
Accordingly, The investment objective of the scheme is to replicate CRISIL IBX 50:50 Gilt Plus SDL Index – June 2027 by investing in Indian Government Bonds and SDLs, maturing on or before June 30, 2027, subject to tracking errors. 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 CRISIL IBX 50:50 Gilt Plus SDL June 2027 Index Fund will hold an allocation of 95% to 100% of its assets in Indian Government Bonds and SDLs representing CRISIL IBX 50:50 Gilt Plus SDL Index – June 2027 and 0% to 5% in Money Market Instruments.
As per the Scheme Information Document, Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 Index Fund will follow Buy & Hold investment strategy in which existing bonds will be held till maturity unless sold for meeting redemptions, IDCW payment or rebalancing requirement.
The portfolio of eligible securities invested by the Scheme is expected to have, in aggregate, fundamental characteristics such as modified duration, weighted average maturity, aggregate credit ratings, aggregate Yield to Maturity (YTM) etc. along with other liquidity parameters in line with CRISIL IBX 50:50 Gilt Plus SDL Index – June 2027. The Scheme may also invest in money market instruments to meet liquidity requirements.
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL June 2027 Index Fund’s performance will be benchmarked against CRISIL IBX 50:50 Gilt Plus SDL Index – June 2027.
The scheme will be managed by Mr Dhawal Dalal and Mr Rahul Dedhia.
The NFO opens for subscription on October 06, 2022 and closes on October 11, 2022. The scheme will reopen for continuous sale and repurchase on October 19, 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 any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.