Aims to invest in the best of India’s Proven Leaders, Emerging Giants & Rising Champions
Ø India is entering into one of its best decades of prosperity creating multiple opportunities across market caps
Ø Edelweiss Multi cap fund will invest min 25% in all market cap segment to capture India’s true potential
Ø Multicap Funds have a structural advantage over other categories in delivering alpha
Mumbai, October 04, 2023: Edelweiss Mutual Fund, one of India’s fastest-growing AMCs has announced the launch of Edelweiss Multi Cap Fund An open-ended equity scheme investing across large cap, mid cap, small cap stocks. The new fund offer of the scheme will open for subscription on 4th October and closes on 18th October 2023.
The primary objective of Edelweiss Multi Cap Fund is to generate long-term capital appreciation by investing in a diversified portfolio of equity & equity-related instruments across large cap, mid cap and small cap stocks. The scheme will be benchmarked against NIFTY 500 Multicap 50:25:25 Index TRI.
Edelweiss Mutual Fund’s investment framework assists in selecting sound companies that are offered at reasonable rates without favoring either value or growth investing strategies. The company will use forensic framework and prioritize reasonably priced businesses with medium-term earnings potential. The investment approach will remain style-agnostic, focusing on well-managed companies with scalable opportunities and superior return on capital employed, aiming for sustained long-term returns.
India is set to embrace a promising decade of growth, driven by a dynamic and affluent young demographic, a thriving digital economy, improving exports, infrastructure enhancements, and improved credit accessibility. We believe that our experience in successfully managing mid and small-cap strategies over the last 15 years through bottom-up stock picking will prove to be an edge while managing a multi-cap fund, which has a higher tilt towards this segment," said Radhika Gupta, MD & CEO of Edelweiss Mutual Fund.
She further adds, We have always been careful when launching NFOs and try to align with market conditions that are good for investors and can deliver value to them. Our last two equity NFOs, in the Focused and Small cap categories, have reasonably good returns for investors since their launch.
The fund will invest in equity and equity-related instruments, allocating a minimum of 25 per cent and a maximum of 50 per cent to each large-cap, mid-cap, and small-cap categories. The total allocation in equity and equity-related instruments, encompassing all three types, will be between 75 per cent and 100 per cent.