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Edelweiss Mutual Fund has collected Rs.1800 crore during the NFO of Edelweiss Business Cycle Fund, which closed on July 23, 2024.
The fund house has received over 90,000 applications.
In a press release, Radhika Gupta, MD & CEO of Edelweiss Mutual Fund said, “We thank our distribution partners and investors for their trust and faith in the brand Edelweiss MF. This reaffirms our stakeholders' confidence in our 15-year track record of managing factor-based investing strategies and strengthening our position as one of the largest asset managers in this space.”
The fund aims to employ a business cycle-based investment theme to capture market opportunities.
Bhavesh Jain, Co-Head – Factor Investing, Edelweiss MF and Bharat Lahoti, Co-Head – Factor Investing, Edelweiss MF will co-manage this scheme.
