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Edelweiss Mutual Fund has launched Edelweiss Low Duration Fund, an open-ended low duration debt scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 6 - 12 months.
With low to moderate risk, the product is suitable for investors seeking income over the short-term through investment in debt and money market instruments, said the fund house.
Radhika Gupta, Managing Director & CEO, Edelweiss Mutual Fund said, "The fund is designed to cater to both individual and institutional investors, offering a short-term investment option with low to moderate risk. The recent tax slab revisions have made such debt mutual funds tax-efficient for retail investors, as they will not have to pay capital gains tax if their total annual income, including such gains, remains within Rs.12 lakh, as there is a rebate available under the new tax regime.”
Pranavi Kulkarni and Rahul Dedhia will co-manage the fund.
