Edelweiss MF launches two schemes

Edelweiss Asset Management, today announced the launch of the Edelweiss Monthly Interval Fund-Series 1 and Edelweiss Quarterly Interval Fund-Series 1.    

The new fund opens today and will close tomorrow, a press release issued here stated. The schemes will re-open for continuous subscription only during the specific transaction period and repurchase on an ongoing basis (subject to applicable load, if any).     

The benchmark index for the fund will be Crisil Liquid Fund Index, the release said.      
Edelweiss Asset Management is the investment manager to Edelweiss Mutual Fund.     

Edelweiss Asset Management's CEO Jimmy Patel said, "Post the successful launch of our maiden funds and in continuing with our endeavour to offer investors varied investment alternatives, we have launched the monthly and quarterly interval funds."     

 

"These funds are suited for investors looking at "safer than equity" investment alternatives while at the same time offering superior tax-efficient returns as compared to fixed deposits," he added.