Edelweiss MF launches diversified growth equity fund

Edelweiss Asset Management today announced the launch of diversified growth equity fund benchmarked against BSE 500 Index.

Edelweiss Asset Management today announced the launch of diversified growth equity fund benchmarked against BSE 500 Index.

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The Fund offers three investor-friendly plans namely, Plan A, Plan B and Plan C with varying entry, exit loads and expense ratios, to cater to various investor segments, Edelweiss Asset Management said in a statement.

The Fund also introduces a unique concept of "Right of Accumulation" (ROA) whereby the investor can avail of a discounted or waived exit load by investing a pre-decided amount for a specified time frame and holding the investment through the discounting cycle, it said.

The New Fund Offer opens on May 4 and closes on May 8.