Edelweiss MF introduces Multi Asset Allocation Fund
Edelweiss Mutual Fund (MF) has launched Edelweiss Multi Asset Allocation Fund, an open-ended scheme investing in Equity, Debt, Commodities and in units of REITs & InvITs. The NFO opens for subscription on June 05, 2023 and closes on June 19, 2023. The Entry load is nil for the scheme. The Exit load will be 0.10%, if the units are redeemed / switched out on or before 30 days from the date of allotment and nil, if the units are redeemed / switched out after 30 days from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be to benchmarked against Nifty 500 TRI (40%) + Nifty 5 yr Benchmark G-Sec Index (50%) + Domestic Gold Prices (5%) + Domestic Silver Prices (5%) and its fund managers are Bhavesh Jain & Bharat Lahoti (Equity), Dhawal Dalal (Debt), Amit Vora (Overseas) and Ashish Sood (Commodities).
The Investment objective of the Scheme is to provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes.
