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Edelweiss MF restricts inflows into its 'Recently Listed IPO' scheme

Investments capped at Rs 1 lakh per PAN, effective Feb 1

Mutual Funds, SIPs, Mutual Fund investors
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Illustration: Binay Sinha

Chirag Madia Mumbai
Edelweiss Mutual Fund (MF) has announced that it will limit the subscription by way of lump sum and systematic investment plans (SIPs) in Edelweiss Recently Listed IPO Fund.

“Thanks to its unique investment strategy and strong performance since its launch, Edelweiss Recently Listed IPO Fund has quickly grown and has reached a size where we think it is prudent to limit inflows. The limit will allow us to review the liquidity profile of the portfolio and pipeline of upcoming opportunities,” said the fund house in a note.

The fund house has decided to limit the subscriptions by way of lumpsum

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First Published: Jan 19 2022 | 7:00 PM IST

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