The SICAV Edelweiss launches a targeted equity fund

NEW DELHI: Edelweiss Asset Management Ltd on Tuesday launched a New Fund Offering (NFO) for Edelweiss Focused Equity Fund, which will invest in 25-30 stocks across three key investment opportunities of brands, market share winners and… innovators.

The fund’s benchmark will be the Nifty500 Total Return Index. The Edelweiss Focused Equity Fund will be open for subscription between July 12 and July 25 and offers direct and regular plans.

The fund will be managed by Trideep Bhattacharya, Head of Equity Investments, and Abhishek Gupta, Fund Manager, Edelweiss AMC.

The program is both market capitalization-based and sector independent, allowing investors to take advantage of a wider range of opportunities.

Radhika Gupta, Managing Director and Chief Executive Officer of Edelweiss AMC, said, “India is poised to experience one of the best periods of business growth and transformation, driven by several factors, including demographics compelling, enabling regulation, strong manufacturing push and accelerated digitalization. We believe that some key opportunities likely to dominate future growth will be tied to investment opportunities such as brands, market share gainers, innovators and disruptors. To make the most of this, we are launching the Edelweiss Focused Equity Fund which will take concentrated exposure to companies within these three investment opportunities.”

From the point of view of the investment approach, the program aims to invest in both established and emerging brands, companies that have a significant market share or the potential to increase their market share, as well as innovators and disruptors.

Bhattacharya said, “As India grows and the factors mentioned above align, we expect strong existing and emerging brands to capitalize on these opportunities and expand their footprint. Additionally, companies that have strong operating leverage or distinct moats can gain market share and witness profit growth and expansion. And finally, with accelerated innovation, we expect to see new companies disrupt existing ecosystems and generate exponential value. Our fund aims to invest in all of the above opportunities that are relevant to India at its current stage of development.”

There will be a 1% exit load in the scheme for up to 365 days and NIL thereafter.

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Dolores W. Simon