Mumbai: Edelweiss Mutual Fund has changed the name of its
scheme Edelweiss Income Advantage Fund to Edelweiss Monthly Income Plan.
The revision will be effective from May 6, 2010.
Edelweiss has also decided to revise the scheme’s salient features:
Asset
Allocation: The scheme would allocate 70 to 100 per cent of assets in
debt and money market instruments with low to medium risk profile. It would
allocate up to 30 per cent of assets in equity and equity related instruments
with high risk profile
Exit
Load: The scheme will charge 1 per cent of
exit load if units are redeemed within 365 days from the date of allotment
Investors, who do not agree with the revision, have an
option to redeem or switch their units between April 06, 2011 and May 5, 2011
without paying any exit load.
