Edelweiss Mutual Fund files offer document for Altiva Equity Long-Short Fund
Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended equity investment strategy named ‘Altiva Equity Long-Short Fund'. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load will be nil. If the units are redeemed/ switched out on or before 90 days from the date of allotment exit load will be 0.50% of the applicable NAV; If the units are redeemed/switched out after 90 days from the date of allotment exit load will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against NIFTY 100 TRI. The minimum application will be Rs 10,00,000 and in multiples of Re1 thereafter.
The investment objective of the scheme is to generate long-term capital appreciation by predominantly investing in listed equity and equity-related instruments. The Investment Strategy may also invest in various derivative instruments, including limited short exposure through unhedged derivative positions in equity up to 25%.
