Edelweiss Mutual Fund has decided to revise key features under its scheme, Edelweiss Diversified Growth Equity Fund. The scheme will be renamed as Edelweiss Diversified Growth Equity Top 100 Fund. The changes will be effective from 08th July, 2010. The revised investment objective is to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates by market capitalization, listed in India. The fund will allocate 65 per cent to 100 per cent of assets in equity and equity related instruments of the 100 largest corporates by market capitalization. Upto 20 per cent of assets will be invested in equity and equity related instruments of other companies. Upto 35 per cent of assets will be invested in debt and money market instruments. Investors who do not agree to the revision have an option to redeem or switch their units between the periods of 08th June, 2010 to 07th July, 2010 without paying any exit load.
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