Mumbai: Edelweiss Mutual Fund has reduced the minimum investment amount in Edelweiss Ultra Short Term Fund and Edelweiss Liquid Fund under institutional plan with effect from February 10, 2011.
The minimum application amount under both the schemes will be Rs 90 lakh and in multiples of Rs 1 thereafter. Earlier, the minimum application was Rs. 1 crore and in multiples of 1/- thereafter.
Edelweiss Ultra Short Term Bond is an open ended debt scheme with the investment objective to provide reasonable returns, commensurate with moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments. Edelweiss Liquid Fund is an open ended liquid scheme with the investment objective to provide optimal returns, commensurate with low risk and high degree of liquidity, through a portfolio constituted of money market & short term debt instruments.
