Mumbai: Edelweiss Mutual Fund has
decided to convert Edelweiss Monthly Interval Fund – Series I into an open
ended income scheme. The change will come in effect from April 27, 2011.
After conversion into an open ended scheme, the scheme’s
The scheme would be renamed as Edelweiss Short Term Income
Fund
Asset Allocation: The scheme would allocate 80 to
100 per cent of assets in debt and money market instruments with average
maturity less than or equal to 3 year with low to medium risk profile. It would
allocate up to 20 per cent of assets in debt instruments with average maturity
of more than 3 years but not exceeding 5 years with medium risk profile
Exit Load: The scheme will charge 0.50 per cent
of exit load if
units are redeemed within 180 days from the date of allotment
Benchmark: CRISIL Short
Term Bond Fund Index
Investors, who do not agree with the
revision, have an option to redeem or switch their units between March 28, 2011
and April 26, 2011 without paying any exit load.
