Edelweiss Mutual Fund has sought SEBI’s approval to launch Edelweiss Maiden Opportunities Fund – Series 1 and 2.
The scheme plans to invest in companies that are new in the sector, early in their growth stage and are poised to benefit from the India growth story in the long-term, states the draft offer document.
Radhika Gupta, CEO, Edelweiss Mutual Fund says that the fund house is committed to launching new products. “As an AMC, we are committed to putting out new ideas and products that are relevant for investors. These products will different from our existing offerings,” says Radhika.
Sharing the rationale behind the close-ended structure of the fund, Radhika says that the structure provides fund house to come up with unique ideas.
It will invest at least 65% in equities and the rest in the debt market. Nifty 200 Index will be the benchmark of the scheme. Bhavesh Jain and Bharat Lahoti will manage the schemes.
As on September 30, the AUM of the fund house stood at Rs.8,129 crore.