Edelweiss Mutual Fund has launched Edelweiss Nifty Enhancer Fund. It is an open ended equity scheme. The new issue will be open for subscription from 8 June to 10 June 2009. The NFO price for the fund is Rs 10 per unit. The fund will re-open on 29 June 2009.
The primary objective of the fund is to generate capital appreciation and income distribution by investing in a portfolio that mimics and endeavors to outperform the S & P CNX Nifty index.
The Scheme will have a single plan with dividend and growth option. Dividend option shall have reinvestment, payout & sweep facility. The minimum investment amount is Rs 5000 and in multiples of Re 1 thereafter.
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