Mutual Fund News : Edelweiss Mutual Fund launches Edelweiss US Technology Equity Fund of Fund

Publish Date:

Edelweiss Mutual Fund has launched Edelweiss US Technology Equity Fund of Fund. It is an open ended fund of fund scheme that aims to benefit from US technology companies.

The investment objective of the scheme is to seek to provide long term capital growth by investing predominantly in JPMorgan Funds – US Technology Funds, an equity fund which invests primarily in US technology companies with strong fundamentals. 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.

The performance of the fund will be benchmarked against Russel 1000 Equal Weighted Technology Index.

The fund will be managed by Mr Bhavesh Jain and Mr Hardik Varma.

The NFO opens for subscription on February 14, 2020 and closes on February 28, 2020.

The New Fund Offer is priced at Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Rs 1 thereafter.

The scheme offers two plans - Regular Plan and Direct Plan. Each Plan will only offer Growth Option.