Edelweiss MF Raises Rs 903 Crore Through Its Two Liquid Funds - Sep 11, 2008

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. 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