Edelweiss announces Nifty Enhancer IPO
Edelweiss mutual fund has announced the launch of Nifty Enhancer Fund.
NFO opens 8th June 2009 and closes 10th June 2009.
Edelweiss Nifty Enhancer Fund is an open ended equity scheme that seeks to generate capital appreciation and income distribution by investing in a portfolio that endeavors to outperform the S&P CNX Nifty Index.
The Fund is an innovative and unique fund in the industry that aims to consistently outperform its benchmark over a period of time. The fund will, under normal circumstances, be invested in Nifty derivatives, and will look to enhance returns by effectively investing in other available low risk (equity/debt) opportunities. The combined effect of the above will result in “Enhanced” returns.
The Fund also offers unique features like “Expiry Day Trigger Facility” where one can avail of a lower exit load facility for exiting the scheme, thereby, enabling facility of automatic profit booking and facilitating portfolio rebalancing.
The fund can be purchased from here
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