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Edelweiss Mutual Fund launches India's first passive short-duration fund

This is the first passive offering in the short-duration space

Indian MF industry scaled an all-time high of Rs 35.31 trillion of net AUM as on July 2021 against Rs 31.42 trillion at the end of the last fiscal.
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BS Reporter Mumbai
Edelweiss Mutual Fund launched India's first passive short-duration fund on Friday. The scheme, Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund, will invest in a diversified portfolio of Indian government bonds and state development loans (SDL).

According to the fund house, the passive offering will provide investors a low cost investment option for the short term. "This fund offers better predictability on asset allocation, credit quality, and duration, and is a low-cost substitute over other active funds for short-term investments," said Radhika Gupta, MD and CEO, Edelweiss AMC.

The scheme will invest 50 per cent in Indian

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First Published: Jan 27 2023 | 7:49 PM IST

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