Publish Date:
Edelweiss Mutual Fund has launched BHARAT Bond FOFs - an open-ended Target Maturity fund of funds schemes investing in the respective units of Bharat Bond ETF – April 2025 and Bharat Bond ETF – April 2031.
Accordingly, there will be two series of FoFs, both investing in ETFs of respective maturities.
BHARAT Bond FOF – April 2025 is a fund of funds scheme with the primary objective to generate returns by investing in units of BHARAT Bond ETF – April 2025. However, there is no assurance that the investment objective of the Scheme will be realize
Similarly, BHARAT Bond FOF – April 2031 is a fund of funds scheme with the primary objective to generate returns by investing in units of BHARAT Bond ETF – April 2031. 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 2025 and Nifty BHARAT Bond Index - April 2031, respectively.
The fund will be managed by Mr. Dhawal Dalal and Mr. Gautam Kaul.
The NFO opens for subscription on July 14, 2020 and closes on July 17, 2020.
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).
Investors who do not have a Demat account can invest in the BHARAT Bond FoFs.
Investors holding Demat account have an option to directly invest in the respective BHARAT Bond ETF.