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

Chirag Madia | Mumbai
Last Updated at May 20, 2021 23:11 IST

The Nifty rose 7.5 per cent in June, even as domestic MFs sold shares worth nearly Rs 4,000 crore

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

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.

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