NFO Insight: Is Edelweiss Consumption Fund the right fit for your portfolio??

economictimes.indiatimes.com:

Edelweiss Mutual Fund’s new fund offer (NFO) Edelweiss Consumption Fund is open for subscription and will close on February 14. The fund is an open-ended equity scheme following the consumption theme.

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The fund seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related securities with a focus on companies engaged in consumption and consumption-related sectors or allied sector.

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The scheme will be managed by Dhruv Bhatia, Trideep Bhattacharya and Amit Vora. It will be benchmarked against NIFTY India Consumption TRI. The minimum investment amount is Rs 100 and in multiples of Re 1 thereafter.
An exit load of 1% of the applicable NAV will be there, if the units are redeemed /switched out on or before 90 days from the date of allotment. If the units are redeemed /switched out after 90 days from the date of allotment, the exit load will be nil.

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