Edelweiss Mutual Fund launches Edelweiss Diversified Growth Equity Fund

Edelweiss Asset Management Limited, the Investment Manager to Edelweiss Mutual Fund, today announced the launch of Edelweiss Diversified Growth Equity (E.D.G.E.) Fund. The New Fund Offer opens on May 4, 2009 and closes on May 8, 2009. The Fund will re-open for ongoing purchase and redemption from May 21, 2009. The Benchmark Index for the scheme will be BSE 500 Index. 

This is the first diversified equity fund launched by the company and has a number of unique features to offer – some of which are industry firsts. The Fund offers three investor-friendly plans namely, Plan A, Plan B and Plan C with varying entry, exit loads and expense ratios, to cater to various investor segments. The Fund also introduces a unique concept of “Right of Accumulation” (ROA) whereby the investor can avail of a discounted / waived exit load by investing a pre-decided amount for a specified time frame and holding the investment through the discounting cycle. There is also the facility of various triggers for the investor to automatically stop losses / book profits and thereby facilitate portfolio rebalancing.

About Edelweiss Asset Management Limited
Edelweiss Asset Management Limited (EAML), a subsidiary of Edelweiss Capital Limited is the Investment Manager to Edelweiss Mutual Fund (EMF). Edelweiss Capital Limited is one of the leading and fastest growing financial services company in India. Founded in 1996, Edelweiss Capital, including its subsidiaries, offers a wide array of multi-line solutions including Investment Banking, Institutional Equities, Asset Management, Wealth Management, Private Client Business, Insurance Brokerage and Wholesale Financing.

Edelweiss Asset Management Limited constitutes a team of experienced professionals from the financial services industry. The management team is highly qualified and carries a rich experience of working in the mutual fund industry and finance related areas. EAML is committed to “Power your Investment Quotient” by guiding investors with the right knowledge to spot that best investment opportunity. EAML endeavors to offer investors a wide range of solutions across asset classes while following a disciplined and process oriented investment approach to help investors achieve their financial goals.