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07-11-2023 02:46 PM | Source: Accord Fintech
Edelweiss AMC announces restriction on lumpsum investments

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Edelweiss Asset Management Company (AMC) has announced notice cum addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of schemes of Edelweiss Mutual Fund.

 

Edelweiss Mutual Fund has informed that change in existing minimum investment amount for Lumpsum, Additional Purchase, Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) & Systematic Withdrawal Plan (SWP) transactions and in the existing frequency of installments of all the Schemes of Edelweiss Mutual Fund except Exchange Traded Funds (ETFs) and Edelweiss Long Term Equity Fund (Tax Savings) with effect from November 10, 2023. Revised Minimum Investment Amount is Rs 100 and in multiples of Re 1 thereafter. For Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) & Systematic Withdrawal Plan (SWP): Revised Minimum Investment Amount is Rs 100 and in multiples of Re1 thereafter. Revised Minimum number of Installments for daily is 20 and Weekly/Fortnightly/Monthly/Quarterly it is 6. 

 

This notice-cum-addendum forms an integral part of the SID, KIM and SAI of the designated Scheme of the Fund as amended from time to time. All other features and terms & conditions shall remain unchanged.