Edelweiss Mutual Fund files draft document with Sebi for a target maturity fund
Edelweiss Mutual Fund has filed a draft document with Sebi for a target maturity fund. Edelweiss CRISIL IBX AAA Financial Services – Jan 2028 Index Fund will be an open-ended target maturity debt Index Fund predominantly investing in the constituents of CRISIL IBX AAA Financial Services – Jan 2028 Index with a relatively high-interest rate risk and relatively low credit risk.
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The investment objective of the scheme will be to replicate CRISIL IBX AAA Financial Services – Jan 2028 Index by investing in AAA rated financial services corporate bond issuers maturing on or before January 2028, subject to tracking errors.
The scheme will be benchmarked against CRISIL IBX AAA Financial Services – Jan 2028 index. The scheme will be managed by Dhawal Dalal and Rahul Dedhia.
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An exit load of 0.10% will be applicable upto 30 days. The exit load will be nil after 30 days.The minimum application amount will be Rs 100 and multiples of Re 1 thereafter. The maximum total expense ratio (TER) permissible under Regulation 52 (6) (b) is upto 1%.
The scheme will allocate 95-100% in fixed income instruments replicating CRISIL-IBX AAA Financial Services Index – Jan 2028 and 0-5% in TREPS / Repo / T-Bills / G-Sec / SDL.
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