Edelweiss Mutual Fund has launched Edelweiss Focused Equity Fund, an open-ended fund that invests in a portfolio of 25 to 30 stocks with strong business models.
The fund will invest across market capitalisation and sectors.
Trideep Bhattacharya, CIO-Equities, Edelweiss Asset Management Ltd said, “The Indian economy is poised to grow at a strong clip as a host of factors such as rising household income, supportive government policies, increasing consumption, and thrust on manufacturing and infrastructure are giving rise to compelling business and investment opportunities. Keeping this in mind, we are launching the Edelweiss Focused Equity fund, which is designed to add unique value to investor portfolios through curated exposure to select investment opportunities, i.e., brands, market share gainers, and innovators and disruptors.”
The NFO opens for subscription on July 12 and closes on July 25, 2022.
The benchmark for the fund will be NIFTY500 TRI. The Fund will be managed by Trideep Bhattacharya, CIO-Equities, Abhishek Gupta, Fund Manager, Edelweiss AMC.
