Edelweiss Mutual Fund has filed offer document with SEBI to launch close ended income scheme as “Edelweiss Fixed Maturity Plan Series 41-45”. 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 and Dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The scheme will be benchmarked against CRISIL Liquid Fund Index if the Scheme is launched for a tenure of up to and including 3 months, CRISIL Short Term Bond Fund Index if the Scheme is launched for a tenure of above 3 months and up to & including 3 years, and CRISIL Composite Bond Fund Index if the Scheme is launched for the tenure of above 3 years. The minimum application amount is Rs 5,000 and in multiples of Re 10 thereafter.
The investment objective of the Scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the Maturity Date of the Scheme.