The name of the scheme has been changed to Edelweiss Value Opportunities Fund.
The proposed investment objective of the scheme is to generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks.
The proposed asset allocation pattern for the scheme is minimum 65 per cent to equity and equity related securities and maximum of 35 per cent to other equity and equity related securities and debt and money market instruments.
The scheme aims to provide long term capital growth by investing primarily in a well diversified portfolio of companies accumulated at a discount to their fair value after taking into consideration various factors such as earnings, asset value, free cash flow, dividend yield etc. with respect to market peers.
The revised benchmark of the scheme will be CNX 200 index.
The above mentioned changes will be applicable from September 10, 2014.