New Fund Offer (NFO): If you are looking for a new option for investing in mutual funds, then there is a better chance than today. Edelweiss Asset Management has launched ‘Edelweiss Focused Equity Fund’. This New Fund Offer i.e. NFO is opening from today i.e. July 12 and will be open for subscription till July 25. This fund will invest investors’ money in large cap, mid cap and small cap ie companies with all types of market caps.
Key highlights of Edelweiss Focused Equity Fund
• It is a unique focused equity fund, which will invest in 25 to 30 companies doing brands, market share gainers and innovation.
• Due to the multi-cap portfolio approach, it will have the flexibility to take advantage of opportunities in large cap, mid cap and small cap space.
• The fund is being launched because the market has corrected well and the valuations have become reasonably attractive.
The benchmark of the fund will be NIFTY 500 TRI. Edelweiss Focused Equity Fund will be open for subscription from July 12 to July 25 and offers both direct and regular plans. The fund will be managed by Tridip Bhattacharya, CIO-Equities, Edelweiss AMC, and Abhishek Gupta, fund manager. It is necessary to invest at least Rs 5000 in this.
Fund launch objective
Radhika Gupta, MD and CEO, Edelweiss Asset Management Limited, says that India is poised to grow business due to many aspects like strong demographics, efficient regulation, promotion of manufacturing and fast pace of digitization. Some of the key opportunities that will strongly influence future growth will be from brands, market share gainers, innovators and big change drive investment opportunities. We have launched this fund to take advantage of them in a better way.
Tridip Bhattacharya, CIO, Equities, Edelweiss Asset Management Ltd. says that due to increase in investor income, favorable policies of the government, increase in consumption and emphasis on manufacturing and infra to boost business and investment opportunities, Indian The economy is in a position to achieve strong growth. Keeping this in mind, we are launching Edelweiss Focused Equity Fund.