Edelweiss Multi Cap Fund, two other NFOs open for subscription this week; should you invest?
Groww Nifty Total Market Index Fund is open for subscription and Edelweiss Multi Cap Fund and Baroda BNP Paribas Small Cap Fund will open for subscription later this week.
Edelweiss Multi Cap Fund
Edelweiss Multi Cap Fund is an open-ended equity scheme that will invest across large cap, mid cap, small cap stocks. The new fund offer or NFO of the scheme will open for subscription on October 4 and it will close on October 18.
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View Details»The scheme will be benchmarked against NIFTY 500 Multicap 50:25:25 TRI. The scheme will be managed by Trideep Bhattacharya, Sahil Shah, and Amit Vora (overseas investments).
The investment objective of the scheme 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 minimum application amount for lumpsum investment is Rs 5,000 and multiples of Re 1 thereafter. For SIP the minimum application amount is Rs 100 and in multiples of Re 1 thereafter.
The scheme will invest 75-100% in equity and equity related instruments, 0-25% in debt and money market instruments, 0-10% in units issued by REITs and InvITs.
BNP Paribas Small Cap Fund
BNP Paribas Small Cap Fund is an open-ended equity scheme predominantly investing in small cap stocks. The new fund offer or NFO of the scheme will open for subscription on October 6 and it will close on October 20.
The performance of the scheme will be benchmarked against Nifty Small Cap 250 TRI Index. The scheme will be managed by Shiv Chanani and Miten Vora.
The scheme will invest 65-100% in equity and equity related instruments of small cap
