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Edelweiss Mutual Fund has launched Edelweiss Multi Asset Allocation Fund which will invest in equity, debt, gold and silver.
The fund's primary focus will be to generate low volatile fixed-income equivalent returns by investing in fixed-income, equity arbitrage and gold & silver arbitrage.
The scheme’s indicative asset allocation will be 10-80% towards equity & equity related instruments, 10-80% towards debt and money market instruments, 10-30% towards commodity ETFs, ETCDs and 0-10% towards units issued by REITs and InvITs.
“We are excited to unveil the fund, a distinctive strategy with a purpose to provide investors a product that is fixed income alternative with enhanced tax efficiency. This fund is a timely solution in the multi-asset category that aims to provide low volatile fixed income like returns,” said Radhika Gupta, MD & CEO, Edelweiss Asset Management.
The scheme would be managed by Bhavesh Jain & Bharat Lahoti (Equity), Dhawal Dalal (Debt), Amit Vora (Overseas), Ashish Sood (Commodities)
