Edelweiss MF's IPO-focused scheme to go open-ended amid robust pipeline

The scheme was launched as a closed-end fund in February 2018, with a tenure of over three years ending June 2021

Edelweiss Mutual Fund announced on Thursday that its IPO-focused closed-end equity scheme will be converted into an open-ended fund. Edelweiss Maiden Opportunities Fund–Series 1 (EMOF), which has assets of around Rs 522 crore, will be re-named as Edelweiss Recently Listed IPO Fund and scout for investment opportunities in 100 newly-listed companies.

The move by Edelweiss MF comes at a time when the IPO pipeline for the year has got stronger with 12 companies filing their offer documents with Sebi this month.

EMOF was launched as a closed-end fund in February 2018, with a tenure of over three years, which ends