Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund NFO Period From 6th October to 20th October 2020:
Edelweiss Mutual Fund introduced its new fund offer, namely, Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund. So then, this fund comes as an open-ended scheme and the fund category is Other Scheme-Index Funds. Besides, the NFO subscription period started on 6th October and it will be closed on 20th October 2020.
|Fund Name||Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund|
|Fund House||Edelweiss Mutual Fund|
|Benchmark||MSCI India Domestic & World Healthcare 45 Index|
|NFO Period||6th October to 20th October 2020|
The Edelweiss Mutual Fund NFO offered the initial price of Rs. 10 per each unit in the subscription period. Moreover, the face value of the mutual fund is Rs. 10 per each unit. The benchmark of this NFO is MSCI India Domestic & World Healthcare 45 Index.
Entry Load and Exit Load:
There was nil entry load for this NFO. Similarly, nil exit loads applicable to this new fund offer. Similarly, the nil exit loads applicable for this NFO.
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Minimum Investment Amount:
Significantly, as per the draft prospectus, the minimum investment for the initial purchase stood at Rs. 5,000 and in multiples of ₹ 1 thereafter. Also, for additional purchases, the minimum amount would remain Rs. 500 and in multiples of ₹ 1 thereafter. The minimum redemption of the fund stood at Rs. 500 and in multiples of ₹ 1 thereafter. Furthermore, the minimum target amount of the scheme is Rs. 10 Cr.
|Instruments||Allocation (% of total assets)||Risk Profile|
|Stocks Comprising the MSCI India Domestic & World Healthcare 45 Index||95% to 100%||High|
|Debt and Money Market Instruments/ units of Liquid Mutual Funds||0% to 5%||Low|
Objects of the NFO:
The investment objective of the scheme plans to generate long term capital appreciation through investing in MSCI India Domestic & World Healthcare45 Index. As well as, the investor needs to know the fund has been introduced with the high-risk principle. It schemes available in both the direct plan and regular plan.
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk.