What is the story about?
Edelweiss Asset Management Company has launched the Edelweiss Financial Services Fund, an open-ended equity scheme that will invest predominantly in companies operating in the financial services sector.
The new fund offer (NFO) will remain open for subscription from January 27 to February 10.
According to the fund house, the scheme aims to generate long-term capital appreciation by investing across the financial services ecosystem, including banks, non-banking financial companies, insurance firms, asset managers and other financial intermediaries. The scheme will follow a bottom-up stock selection approach and will be benchmarked against the Nifty Financial Services Total Return Index (TRI).
The fund will invest between 80% and 100% of its assets in equity and equity-related instruments of financial services companies. Up to 20% of the portfolio may be allocated to other equity, debt and money market instruments, while investments of up to 10% are permitted in units of infrastructure investment trusts (InvITs), as per the indicative asset allocation.
Edelweiss AMC stated that the scheme will seek to identify companies with sustainable profitability and long-term growth potential across market cycles. The fund will adopt a sector-focused strategy and remain benchmark-agnostic in its investment approach.
The scheme will be managed by Ashwani Agarwalla, Trideep Bhattacharya and Amit Vora. The minimum application amount during the NFO period is ₹100, with investments thereafter allowed in multiples of ₹1.
An exit load of 1% will apply on redemptions or switches made within 90 days from the date of allotment. No exit load will be charged for redemptions after this period.
The fund is categorised under the ‘Very High Risk’ category and is intended for investors seeking long-term exposure to equity and equity-related instruments within the financial services sector.
The new fund offer (NFO) will remain open for subscription from January 27 to February 10.
According to the fund house, the scheme aims to generate long-term capital appreciation by investing across the financial services ecosystem, including banks, non-banking financial companies, insurance firms, asset managers and other financial intermediaries. The scheme will follow a bottom-up stock selection approach and will be benchmarked against the Nifty Financial Services Total Return Index (TRI).
The fund will invest between 80% and 100% of its assets in equity and equity-related instruments of financial services companies. Up to 20% of the portfolio may be allocated to other equity, debt and money market instruments, while investments of up to 10% are permitted in units of infrastructure investment trusts (InvITs), as per the indicative asset allocation.
Edelweiss AMC stated that the scheme will seek to identify companies with sustainable profitability and long-term growth potential across market cycles. The fund will adopt a sector-focused strategy and remain benchmark-agnostic in its investment approach.
The scheme will be managed by Ashwani Agarwalla, Trideep Bhattacharya and Amit Vora. The minimum application amount during the NFO period is ₹100, with investments thereafter allowed in multiples of ₹1.
An exit load of 1% will apply on redemptions or switches made within 90 days from the date of allotment. No exit load will be charged for redemptions after this period.
The fund is categorised under the ‘Very High Risk’ category and is intended for investors seeking long-term exposure to equity and equity-related instruments within the financial services sector.
