Edelweiss US Technology Equity Fund of Fund NFO period from Feb 14 to Feb 28:
Edelweiss mutual fund launched a new fund offer. The NFO is the Edelweiss US Technology Equity Fund of Funds. It an open-ended equity fund. The NFO period will start on 14th Feb, and it will end on 28th Feb.
Edelweiss US Technology Equity Fund of Fund NFO Details:
|Fund Name||Edelweiss Technology Equity Fund of Funds|
|Fund House||Edelweiss Mutual Fund|
|NFO Period||Feb 14 to Feb 28, 2020|
|Benchmark||Russel 1000 Equal Weighted Technology Index|
The benchmark of the NFO is the ‘Russel 1000 Equal Weighted Technology Index’. The fund will invest in JP Morgan Funds. The NFO will available in both the direct plan and regular plan.
The minimum investment should be Rs 5,000 and in multiples of Re 1 thereafter. The investment for additional units Rs 500 and in multiples of Re 1 thereafter. Moreover, the minimum redemption amount should be Rs 500 and in multiples of Re 1 thereafter.
Mr. Bhavesh Jain and Mr. Hardik Varma are the fund managers of the NFO. The Edelweiss Asset Management Limited and Edelweiss Trusteeship companies are the asset management and trustee companies of the NFO.
|Investments||Allocation (% of assets)||Risk Profile|
|Shares of the Underlying Funds||95% to 100%||High|
|Money Market Instruments, Cash and cash equivalent||0% to 5%||Low to Medium|
Entry load and exit load:
There was nil entry load for this new fund offer. The exit load for redeemed or switched within 1 year from the date of allocation – 1%. Similarly, for redeemed or switched after 1 year from the date of allotment – Nil.
Objectives of the NFO:
The objects of the NFO, it plans to generate long term capital appreciation by investing in JP Morgan Funds – US Technology Fund, an equity fund which invests primarily in US technology companies with strong fundamentals.
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. Please consult your financial advisor before invest.