Edelweiss Mutual Fund files offer document for BSE Premium Consumption ETF
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Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended exchange traded scheme named 'Edelweiss BSE Premium Consumption ETF'. The New Fund Offer price will be 1/100th value of the BSE Premium Consumption closing Index as on the date of allotment for applications received during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance of the scheme will be benchmarked against BSE Premium Consumption TRI. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate returns that are in line with the performance of BSE Premium Consumption Total Return Index.
