Publish Date:
Edelweiss Mutual Fund launches – Edelweiss Technology Fund
It is an open-ended equity scheme investing in technology & technology-related companies.
Accordingly, investment objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of technology & technology-related companies. 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 Technology Fund will hold an allocation of 80% to 100% in Equity and Equity related instruments of Technology & technology related companies, 0% to 20% in Equity and Equity related instruments of companies other than above, 0% to 20% in Debt & Money Market instruments, 0% to 10% in Units issued by REITs and InvITs and 0% to 10% in Units of Mutual Funds.
[Read: Unveiling the Reasons Behind Mutual Fund Underperformance: A Comprehensive Analysis]
As per the Scheme Information Document, Edelweiss Technology Fund aims to invest in equity and equity-related securities of technology & technology-related companies.
The fund will follow a bottom-up approach to stock-picking and choose companies which are expected to derive benefit from development, use and advancement of technology. The companies will be selected after rigorous fundamental research which includes parameters like management competitiveness, business competitiveness, corporate governance, growth prospects, valuations, past track record etc.
Baroda BNP Paribas Innovation Fund’s performance will be benchmarked against S&P BSE TECK TRI.
The scheme will be managed by Mr Trideep Bhattacharya, Mr Sahil Shah and Mr Amit Vora.
The NFO opens for subscription on February 14, 2024 and closes on February 28, 2024. The schemes will reopen for continuous sale and repurchase on or before March 14, 2024.
The minimum subscription amount is Rs 100/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal Option (IDCW).