Publish Date:
Edelweiss Mutual Fund has launched an open-ended Target Maturity fund of funds schemes investing in units of Bharat Bond ETF – April 2023 and Bharat Bond ETF – April 2030.
BHARAT Bond FOF – April 2023 is a fund of funds scheme with the primary objective to generate returns by investing in units of BHARAT Bond ETF – April 2023. However, there is no assurance that the investment objective of the Scheme will be realize
Similarly, BHARAT Bond FOF – April 2030 is a fund of funds scheme with the primary objective to generate returns by investing in units of BHARAT Bond ETF – April 2030. However, there is no assurance that the investment objective of the Scheme will be realized.
The performance of the funds will be benchmarked against Nifty BHARAT Bond Index - April 2023 and Nifty BHARAT Bond Index - April 2030, respectively.
The fund will be managed by Mr. Dhawal Dalal and Mr. Gautam Kaul.
The NFO opens for subscription on December 13, 2019 and closes on December 20, 2019.
The New Fund Offer is priced at Rs 10 per unit and the minimum application amount for initial purchase is Rs 1,000 and in multiples of Re 1 thereafter.
The scheme offers Regular Plan and Direct Plan having Growth Option and and Dividend Option (with Reinvestment and Payout options).
Maximum amount to be raised under each Scheme will be R 1,500 crore during the NFO period. However, the maximum amount to be raised can be changed at the discretion of the AMC. In case of oversubscription the units will be allotted on pro-rata basis. There will be no such restriction during On-going Offer Period.