Edelweiss MF launches 91 days Fund

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Edelweiss MF launches 91 days Fund
Edelweiss Mutual Fund has launched a new fund named as Edelweiss Fixed Maturity Plan - Series 4, a close-ended debt scheme with the duration of 91 days.

The fund is especially designed for the people who come under low-risk-low-return profile. The fund carry no risk as it aims to invest in a portfolio of AAA rated government debt instruments so as to provide regular income, liquidity and returns to the investors.

Investment objective:
The primary investment objective of the scheme is to generate regular income through investment in debt and money market instruments maturing on or before the maturity date of the scheme.

Allocation of Funds:
The scheme would allocate up to 100% of assets in debt and money market instruments with low to medium risk profile. Exposure in derivatives will be limited upto 50% of corpus of the scheme. Total gross exposure in debt, money market securities and derivatives shall not exceed 100% of the net assets of the scheme.

Basic Details:
NFO Opens: December 12 2011
NFO Closes: December 15, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth
Minimum Application Amount: Rs 5,000 per application and additional of Re 1, thereafter
Exit Load: Nil
Benchmark: CRISIL Liquid Fund Index
Fund Manager:Mr. Kapil Punjabi

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