The NFO of
Select Midcap Fund would remain open from 4 August to 18 August
Mumbai: Edelweiss MF has launched Select Midcap Fund which is an
open-ended equity scheme which seeks to invest in a portfolio comprising predominantly
of equity and equity related securities of mid-cap companies. The NFO of scheme
opens on August 4, 2011 and closes on August 18, 2011.
The scheme seeks to invest 80 per cent to 100 per cent of the net assets in equity and equity related securities of companies falling in top 101 to 300 companies by market capitalization listed in India, up to 20 per cent of the net assets in equity and equity related securities of other companies listed in India and up to 20 per cent of the net assets in debt and money market instruments. It will not invest in securitized debt.
Mr. Vikaas M Sachdeva, CEO, Edelweiss AMC says, “We feel that currently midcap stocks are best positioned to capture the India growth story. The quant model of the fund will help to capture the market trend by analyzing the factors that are currently driving stock performance. It will also make the fund process oriented, adaptive in nature and will result in consistent performance across time periods.”
