Change in Features of Edelweiss Income Advantage Fund | Value Research Edelweiss Mutual Fund has announced a revision in various features of Edelweiss Income Advantage Fun
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Change in Features of Edelweiss Income Advantage Fund

Edelweiss Mutual Fund has announced a revision in various features of Edelweiss Income Advantage Fund, with effect from May 6, 2011.

Proposed Changes are as under:
Name of Scheme: Edelweiss Income Advantage Fund will be renamed to Edelweiss Monthly Income Plan
Asset Allocation: The scheme will allocate 70-100% of its assets in debt and money market instruments and allocate up to 30% of its assets in equity and equity related instruments.
Exit Load: Exit load will be 1 per cent if redeemed within 365 days from the date of allotment and nil if redeemed after 365 days from the date of allotment.

Investors who want to exit from the scheme can redeem their units or switch to other schemes between April 6, 2011 to May 5, 2011, without paying any exit load.




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