Tuesday, 9 August 2011

Edelweiss Select Midcap Fund - N.F.O

Edelweiss Mutual Fund launched a New Fund in the market named Edelweiss Select Midcap Fund. This is an open ended Growth fund which is launched on 04th August, 2011. The new fund offer will close on 18th August, 2011. As an open ended mutual fund the investor can redeem at any time they wish to do so. But there is an exit load of 1%, if the mutual fund is redeemed within 365 days of the allotment of the fund. After 365 days there is no any exit load. There is no entry load for Edelweiss Select Midcap Fund.

The primary objective of the fund is to generate long term capital appreciation from a portfolio predominantly comprising of equity and equity related securities of Mid Cap 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.

The face value and issue price of a single unit at NFO period is Rs. 10 and the minimum required investment is Rs. 5000 and multiples of Re 1 thereafter. The Growth option and dividend options are available and the dividend option is also available into dividend reinvestment option and dividend payout option.

The Scheme plans to invest 80% to 100% of the pooled money in equity and equity related securities. The benchmark index for the scheme will be BSE Mid-Cap Index. The fund managers are Paul Parampreet and Nandik Mallik. The scheme seems good for those who wish to gain from long term equity related investments.

Related posts

3 comments :

  1. [...] Posts Edelweiss Select Midcap Fund – N.F.O Birla Sun Life Fixed Term Plan – Series DJ Axis Hybrid Fund – Series 1 [...]

    ReplyDelete
  2. [...] Edelweiss Select Midcap Fund – N.F.O  Edelweiss Mutual Fund launched a New Fund in the market named Edelweiss Select Midcap Fund. New [...]

    ReplyDelete