Edelweiss Mutual Fund introduces Capital Appreciation based Trigger Facility

Edelweiss Mutual Fund has introduced Capital Appreciation based Trigger Facility titled ' Gain Switching Mechanism Facility'. The minimum investment amount under the given facility would be ₹25,000 under the source scheme. Edelweiss Diversified Growth Equity (E.D.G.E) Top 100 Fund, Edelweiss Select Midcap Fund and Edelweiss Value Opportunities Fund are the eligible source schemes. Whereas Edelweiss Absolute Return Fund, Edelweiss Arbitrage Fund and Edelweiss Short Term Income Fund are the eligible target schemes, in which a pre- determined percentage of Capital Appreciation can be transferred. Investors can select 5, 10, 25, 50, 75 or 100 per cent as the percentage of capital appreciation.

The Fund House has also introduced Prepaid SIP Facility through an Auto Debit Mandate. This will enable investors to invest a predetermined amount in any of the eligible schemes whenever there is a fall in CNX Nifty Index / CNX Midcap Index level by a certain percentage. Edelweiss Diversified Growth Equity (E.D.G.E) Top 100 Fund, Edelweiss Select Midcap Fund, Edelweiss Value Opportunities Fund, Edelweiss Absolute Return Fund and Edelweiss ELSS Fund are the eligible schemes. The investor can select 0.50, 1 or 2 per cent as the percentage of fall in the index level.