• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Aug. 27 Edelweiss Mutual Fund will enter the market with two debt products in September.

The fund house said it would be launching a liquid fund and a liquid-plus fund, both open-ended.

The schemes will open for subscription from September 1 and close on September 8. They will re-open on September 11.

“Our aim is to launch about 10-12 products in a year’s time,” said Mr Rujan Panjwani, President, Edelweiss.

The fund house had received SEBI’s approval to launch mutual fund operations on April 30. The objective of the liquid fund is to provide optimal returns commensurate with low risk and high degree of liquidity, through a portfolio that consists of money market and short-term debt instruments.

The liquid-plus fund aims to provide “reasonable returns, commensurate with moderate level of risk and high degree of liquidity, through a portfolio consisting of money market and debt instruments.”

The liquid fund can allocate a maximum of 100 per cent in money market instruments, and up to 50 per cent in debt instruments, including securitised debts.

In case of the liquid-plus fund, there can be a maximum allocation of 100 per cent in money market instruments and a maximum of 100 per cent in debt instruments, including securitised debts.

The liquid fund does not have any entry or exit load, while the liquid plus fund has an exit load of 0.10 per cent, if redeemed before the eighth day of allotment.

More Stories on : New Fund Offer | Mutual Funds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line