Edelweiss MF launches Edelweiss Select Midcap Fund

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Edelweiss MF launches NFO
Edelweiss Mutual Fund has launched a new scheme named as Edelweiss Select Midcap Fund. It"s an open-ended equity scheme. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit.

Investment objective:
The investment objective of the scheme is to generate long term capital appreciation from a portfolio predominantly comprising of equity and equity related securities of Mid Cap Companies.

The scheme seeks to invest 80% to 100% of the net assets in equity and equity related securities of companies falling in Top 101 to 300 companies by market capitalization listed in India, up to 20% of the net assets in equity and equity related securities of other companies listed in India and up to 20% of the net assets in debt and money market instruments. It will not invest in securitized debt.

Other information:
NFO Opens: August 4, 2011
NFO Closes: August 18, 2011
NFO Price: Rs 10 per unit
Options: Growth and Dividend (Payout and Reinvestment)
Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter
Exit Load: 1% if exit within 1 year, NIL afterwards
Benchmark: BSE Mid-Cap Index
Fund Managers: Mr. Paul Parampreet and Nandik Mallik

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Story first published: Wednesday, August 17, 2011, 13:18 [IST]
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