Edelweiss MF introduces Business Cycle Fund
Edelweiss Mutual Fund has launched Edelweiss Business Cycle Fund, an open-ended equity scheme following business cycle-based investing theme. The NFO opens for subscription on July 09, 2024 and closes on July 23, 2024. No Entry Load shall be charged for the scheme. The Exit load will be 1% of the appliable NAV - If the units are redeemed /switched out on or before 90 days from the date of allotment and Nil - If the units are redeemed /switched out after 90 days from the date of allotment. The minimum subscription amount is Rs 5,000 and multiples of Re 1 thereafter.
The performance of the Scheme is measured against NIFTY 500 Total Return Index and its fund managers are Bhavesh Jain, Bharat Lahoti and Amit Vora (For Overseas Securities).
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
