Unpacking Edelweiss Technology Fund NFO: Key details you need to know

15 Feb 2024 , 12:03 PM

Edelweiss Mutual Fund is launching NFO under its “sector category”, named as Edelweiss Technology Fund. The investment objective of the scheme is to investing predominantly in equity and equity-related securities of technology & technology-related companies.

Investment strategy: The fund will follow a bottom-up approach to stock-picking and choose companies which are expected to derive benefit from development, use and advancement of technology.

Asset allocation: The scheme aims to invest in a portfolio of predominantly equity & equity related securities of Technology & Technology related sectors.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in technology stocks should invest in Edelweiss Technology Fund. 

Risk associated: Very high level of risk.

Benchmark: S&P BSE Teck Index (TRI).

Fund Managers: Mr. Trideep Bhattacharya, Mr. Sahil Shah, Mr. Amit Vora

The NFO is available for subscription from February 14 to February 28. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹100/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Edelweiss Technology Fund.