Edelweiss to Launch Fixed Maturity Plan-Series 49, 50 | CORPORATE ETHOS

Edelweiss to Launch Fixed Maturity Plan-Series 49, 50

By: | February 7, 2018
edelweiss

Feb 7: Edelweiss Mutual Fund has filed scheme document for the its Fixed Maturity Plan Series 49, 50  aimed at investors with a moderately low risk profile. The tenure for the close ended scheme will be less than or equal to 1100 days.

The scheme will invest in debt and money market securities maturing on or before the maturity date of the scheme.  This is suitable for investors with a fixed investment time horizon for potentially higher returns in comparison to liquid funds or traditional bank deposits with similar maturity. The scheme has dividend and growth options.

The benchmark index for the scheme is CRISIL Liquid Fund Index – if the scheme is launched for a tenture of upto and including 3 months, Crisil Short Term Bond Fund Index, if the scheme is launch for a tenure above 3 months and upto and including 3 years, Crisil Composite Bond Fund Index , if the scheme is launched for a tenure of above 3 years and upto and including 7 years and CRISIL Short term Bond Fund Index, if the scheme is launched for a tenure of above 3 months and upto and including 3 years and CRISIL 10 year GILT Index, if the scheme is launched for a tenure above 7 years.
Minimum subscription amount during offer period is Rs 5000 and offered at a price of Rs 10 per unit.