Publish Date:
Edelweiss Mutual Fund introduces – Edelweiss Multi Cap Mutual Fund
It is an open-ended equity scheme investing across large-cap, mid-cap, small-cap stocks.
Accordingly, the fund seeks to generate long-term capital appreciation by investing in a diversified portfolio of equity & equity-related instruments across large cap, mid cap and small cap stocks. 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 Multi Cap Fund will hold an allocation of 75% to 100% in equity & equity related instruments out of which, 25% to 50% in large cap companies, 25% to 50% in mid cap companies, 25% to 50% in small cap companies, 0% to 25% in Debts and money market instruments and 0% to 10% Units issued by REITs and InvITs.
As per the Scheme Information Document, Edelweiss Multi Cap Fund will invest across all market capitalization categories. The scheme will invest a minimum of 25% each in large, mid, and small cap stocks, with the balance of 25% providing flexibility to the fund manager to invest in market capitalization categories and/or foreign securities depending on opportunities available at the time.
The investment approach will be bottom-up stock picking - where investments will be selected primarily based on specific criteria relevant to the company in question rather than general macroeconomic considerations. There will be no particular bias towards any sector. An exposure to various derivatives instruments is likely - for the purposes of hedging, portfolio balancing and optimizing returns.
Edelweiss Multi Cap Fund performance will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI
The scheme will be managed by Mr Trideep Bhattacharya, Mr Sahil Shah and Mr Amit Vora (for Overseas investments).
The NFO opens for subscription on October 04, 2023 and closes on October 18, 2023. The schemes will reopen for continuous sale and repurchase on November 02, 2023.
The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 5,000/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal (IDCW) options.