Edelweiss Mutual Fund has filed offer document with SEBI to launch a close-ended Index exchange traded fund scheme named as 'Edelweiss Maiden Opportunities Fund-Series 1 & 2'. The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be Nil for the scheme. The scheme offers Growth & Dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore.
The scheme's performance will be benchmarked against Nifty 200 Index. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter per application which includes switch-ins from other Schemes of the Edelweiss Mutual Fund.
The primary investment objective of the scheme is to seek to provide capital appreciation by investing in equity and equity related securities of companies which are new in the sector, early in their growth stage and are poised to benefit from the India growth story in the long-term.