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Last Updated : Aug 04, 2011 10:28 AM IST | Source: Moneycontrol.com

Edelweiss Mutual Fund launches Select Midcap Fund

Edelweiss Mutual Fund as announced the launch of Edelweiss Select Midcap Fund, an Open-ended Equity Scheme, with an objective to generate long term capital appreciation from a portfolio predominantly comprising of equity and equity related securities of Mid Cap Companies.


Edelweiss Mutual Fund launches Edelweiss Select Midcap Fund, an Open-ended Equity Scheme, with an objective to generate long term capital appreciation from a portfolio predominantly comprising of equity and equity related securities of Mid Cap Companies.


The NFO of the Scheme opens on August 4, 2011 and closes on August 18, 2011. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. (View - New Fund Offers open NOW)


The minimum application amount is Rs. 5,000/- and in multiples of Re. 1/- thereafter.


The Investors will have the choice of two options; viz. Growth and Dividend.  Dividend Option offers Dividend Reinvestment, Payout and Sweep Facilities.


The entry load: Nil; Exit Load: If redeemed on or before 365 days from date of allotment: 1.00%; If redeemed after 365 days from the date of allotment: Nil.


The Scheme seeks to invest 80% to 100% of the net assets in equity and equity related securities of companies falling in Top 101 to 300 companies by market capitalization listed in India, up to 20% of the net assets in equity and equity related securities of other companies listed in India and up to 20% of the net assets in debt and money market instruments. It will not invest in securitized debt.

Mr. Vikaas M Sachdeva, CEO - Edelweiss AMC said,

First Published on Aug 4, 2011 10:23 am
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