Edelweiss Mutual Fund limits subscription in 7 funds
Edelweiss Mutual Fund has announced a subscription limit of Rs 1 lakh per PAN per day for lumpsum, switch-in, Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), and other transactions across its seven funds. These funds include six international funds and one index fund.
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The above-mentioned changes will be effective from February 27. The fund house informed its unitholders about these changes through a notice cum addendum.
These seven funds include the Edelweiss ASEAN Equity Offshore Fund, Edelweiss Greater China Equity Offshore Fund, Edelweiss US Technology Equity Fund of Funds, Edelweiss Emerging Markets Opportunities Equity Offshore Fund, Edelweiss Europe Dynamic Equity Offshore Fund, Edelweiss US Value Equity Offshore Fund, and Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund.
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According to the fund house, this move is a result of these schemes approaching the overseas investment limit set at the mutual fund level on February 1, 2022.
This restriction will be applicable based on the transaction reporting date. Further, transactions reported till February 25, 2025 before cut-off time including switches where switch-in scheme is any of the below will not be considered for such limit restriction. The existing
