Edelweiss MF introduces NIFTY PSU Bond Plus SDL Index Fund-2027
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Edelweiss Mutual fund (MF) has launched the Edelweiss NIFTY PSU Bond Plus SDL Index Fund-2027, an open-ended target maturity Index Fund predominantly investing in the constituents of Nifty PSU Bond Plus SDL Apr 2027 50:50 Index. The NFO opens for subscription on September 30, 2021, and closes on October 08, 2021. The Entry load is not applicable for the scheme. The exit load will be 0.15%, if units are redeemed / switched-out upto 30 days and nil, if units are redeemed / switched-out after 30 days. The minimum subscription amount is 5,000 and in multiples of Re 1 thereafter.
The performance of the Scheme would be benchmarked against the Nifty PSU Bond Plus SDL Apr 2027 50:50 Index and its fund managers are Dhawal Dalal and Gautam Kaul.
The investment objective of the scheme is to track the Nifty PSU Bond Plus SDL Apr 2027 50:50 Index by investing in AAA rated PSU Bonds and SDLs, maturing on or before April 2027, subject to tracking errors.
