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Edelweiss AMC launches Large and Midcap Index Fund – Check details
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Edelweiss Asset Management Ltd today announced the launch of their Edelweiss Large and Midcap Index Fund, an open-ended equity scheme replicating Nifty LargeMidcap 250 Index. The fund provides equal exposure to large and midcap stocks in one portfolio, and will be open for subscription between 15th November 2021 and 26th November 2021.
The scheme allows an investment amount that is as low as Rs 5000 and multiples of Re 1/- thereafter with NIL exit load.
As per the company, the fund may generate low to negative returns in the short term. This means that investors have to remain invested for 5-7 years to gain meaningful returns. It has regular and direct plans, and will be managed by Bhavesh Jain.
The investment objective of the scheme is to
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