The scheme will deploy at least 65 percent of its corpus in equity and equity-related instruments of small cap companies
Edelweiss Mutual Fund has sought the Securities and Exchange Board of India's approval to launch Edelweiss Small Cap Fund, an open-ended scheme investing in small-cap stocks, according to the draft offer document on SEBI's website.
The scheme will deploy at least 65 percent of its corpus in equity and equity-related instruments of small cap companies, while up to 35 percent will be deployed in companies other than small cap companies.
It also has the provision to invest up to 35 percent of its assets in debt and money market instruments.
Other features of the scheme are:
* Plans: Regular and direct* Options: Growth and dividend
* Minimum application: Rs 5,000 and in multiples of one rupee thereafter
* Exit Load: 1 percent if investments are redeemed or switched out of units within 365 days from the date of allotment
* Fund manager: Harshad Patwardhan* Performance benchmark: Nifty Smallcap 250 TR Index
First Published on Jul 10, 2018 01:42 pm