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Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended index scheme named ‘Edelweiss BSE Internet Economy Index Fund'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load will be nil. Exit load-if the units are redeemed/switched out on or before 30 days from the date of allotment will be 0.10%; and if the units are redeemed/switched out after 30 days from the date of allotment 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 5 crore.

The performance of the scheme will be benchmarked against BSE Internet Economy TRI. The minimum application amount is Rs 100 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of BSE Internet Economy Total Return Index, subject to tracking errors.