The NFO opens on September 14, 2011 and closes on September 15, 2011.
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.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
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.
Kapil Punjabi will be the Fund Manager of this scheme.
Punjabi is MMS from Mumbai University. He has work experience of more than 5 years. Prior to joining Edelweiss Asset Management Limited, he has worked with Edelweiss Securities Limited for two years and was responsible for investing in Indian Debt and Equity Markets for the Asset Management Division.
He manages four schemes of Edelweiss Mutual Fund, namely, Edelweiss Liquid Fund, Edelweiss Ultra Short Term Bond Fund, Edelweiss Monthly Income Plan and Edelweiss Gilt Fund.
NFO Opens: September 14, 2011
NFO Closes: September 15, 2011
NFO Price: Rs 10 per unit
Options: Dividend Payout & Growth
Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter
Exit Load: Nil
Benchmark: CRISIL Liquid Fund Index
Fund Manager: Mr. Kapil Punjabi