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Nov 11, 2017 11:27 AM IST | Source: Moneycontrol.com

Edelweiss MF offers monthly dividend option under equity savings advantage fund

The scheme will have monthly dividend option along with the existing options, wherein it will have reinvestment and pay-out facilities

Himadri Buch @himadribuch

Edelweiss Mutual Fund has introduced monthly dividend option under Edelweiss Equity Savings Advantage Fund, an open-ended equity scheme with immediate effect, the fund house said in a notice.

The scheme will have monthly dividend option along with the existing options, wherein it will have reinvestment and pay-out facilities.

The monthly reinvestment dividend will be deemed as the default dividend option, if investors don't specify their choice of option.

All other features of the scheme remains unchanged.

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