News From Press Edelweiss MF's IPO-focused scheme to go open-ended amid robust pipeline

Edelweiss MF's IPO-focused scheme to go open-ended amid robust pipeline

The scheme was launched as a closed-end fund in February 2018, with a tenure of over three years ending June 2021

Source: Business Standard May 21, 2021

Edelweiss Mutual Fund announced on Thursday that its IPO-focused closed-end equity scheme will be converted into an open-ended fund. Edelweiss Maiden Opportunities Fund–Series 1 (EMOF), which has assets of around Rs 522 crore, will be re-named as Edelweiss Recently Listed IPO Fund and scout for investment opportunities in 100 newly-listed companies.

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