Mumbai :
Edelweiss Mutual Fund has introduced a new equity fund focused on specific sectors or themes.
Known as the Edelweiss Business Cycle Fund, it aims to offer long-term capital appreciation.
The fund is open for subscription starting from July 9, 2024, and will close on July 23, 2024.
Key Details of the Fund
Investors can start investing in the Edelweiss Business Cycle Fund with a minimum amount of ₹5,000.
The fund operates as an open-ended scheme, allowing investors flexibility in their investments.
Investment Strategy and Benchmark
The fund is benchmarked against the NIFTY 500 Total Return Index. Managed by Bhavesh Jain, it focuses on dynamic sector rotation to optimize returns.
This strategy aims to address challenges associated with sector entry and exit points, which are often complex for investors.
Unique Features and Benefits
Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, highlights that the Edelweiss Business Cycle Fund provides a unique solution by implementing dynamic sector rotation.
This approach aims to maximize returns by strategically adjusting sector exposures.
Investment Approach
The fund’s investment approach revolves around creating three baskets of stocks: quality, growth, and value.
These baskets consist of stocks showing strong momentum, resulting in a diversified portfolio of 50-60 stocks.
Edelweiss Mutual Fund emphasizes that the Edelweiss Business Cycle Fund is designed for investors seeking long-term capital appreciation through a diversified portfolio strategy.
