Edelweiss Mutual Fund files offers document for Low Duration 80:20 Index Fund
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Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended debt Scheme named ‘Edelweiss Low Duration 80:20 Index Fund’. The New Fund Offer price is Rs 1000. Entry load and Exit load will be nil. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.
The performance of the scheme will be benchmarked with Nifty CPCD Plus T-Bill Low Duration 80:20 Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to replicate Nifty CPCD Plus T-Bill Low Duration 80:20 Index by investing in a mix of CDs and CPs with long term credit rating of AAA and T‐Bills forming part of the Nifty CPCD Plus T-Bill Low Duration 80:20 Index, subject to tracking errors.
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