25-Sep-2015 •News Desk
Name of Scheme: The revised name of the scheme is Edelweiss Equity Savings Advantage Fund.
Type of Scheme: The type of scheme has been changed from open-ended Hybrid scheme to open-ended equity scheme.
Investment Objective: The investment objective of the scheme is to generate income by investing in low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
Asset Allocation: The asset allocation pattern has been changed to 65-90 per cent allocation in equity and equity related securities including Derivatives and 10-35 per cent in debt and money market instruments.
Benchmark: 75% Crisil Liquid Fund Index and 25% CNX Nifty Index.
Existing investors, who do not wish to continue with the scheme, in view of the proposed change can exit from the scheme between September 30, 2015 and October 29, 2015.