Edelweiss Mutual Fund (MF) has launched Edelweiss Nifty Smallcap 250 Index Fund, an open-ended equity scheme replicating Nifty Smallcap 250 Index. The NFO opens for subscription on November 10, 2022 and closes on November 24, 2022. The Entry load and Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and multiples of Re 1 thereafter.
The performance of the scheme would be benchmarked against Nifty Smallcap 250 Index Total Return Index and its fund manager is Bhavesh Jain.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty Smallcap 250 Index subject to tracking errors.