Edelweiss Mutual Fund files offer document for Low Duration Fund
Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended low duration debt scheme named ‘Edelweiss Low Duration Fund’ .The New Fund Offer price for units would be Rs 1000 each for cash during the NFO. Entry load and 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 20 crore.
The performance of the scheme will be benchmarked against AMFI Tier I Benchmark -CRISIL Low Duration Debt A-I Index. The minimum application amount is Rs 100 and in multiples of Re 1 thereafter.
The investment objective of the Scheme is to generate income through investment primarily in low duration debt & money market securities.
