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MutualFund News
Sep 10 2008 4:15PM
Edelweiss MF raises Rs 903 crore through its two liquid funds
Edelweiss Mutual Fund has collected Rs 903 crore through its New Fund Offers (NFO) Edelweiss Liquid Fund and Edelweiss Liquid Plus Fund - that closed on 8 September 2008.

Speaking on the occasion, Mr. Jimmy A. Patel, CEO, Edelweiss Asset Management said, We are pleased with the confidence investors have reposed in the Edelweiss brand and this is clearly reflected in our collections. I am also happy to share with you that we have received close to 600 applications in our maiden funds across all our 14 branch locations.

The funds re-open for on-going purchase and redemption on 11 September 2008. Edelweiss Liquid Fund is rated 'AAAf' by CRISIL.

The investment objective of these funds is to provide reasonable returns, commensurate with moderate level risk and high degree of liquidity, through a portfolio constituted of money market & debt instruments.

The fund manager for the scheme is Bhupesh Kalyani. The investment performance will be benchmarked against Crisil Liquid Fund Index.

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