Monday, November 17, 2008

Arbitrage Fund Waits For Sebi Approval - Nov 17, 2008

Edelweiss Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Edelweiss Arbitrage Fund having two plans, Protector Plan and Booster Plan. It is an open-ended equity scheme. The face value of the new issue will be Rs 10 per unit.The investment objective of the scheme is to provide capital appreciation by generating. low volatility returns using arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities.

Available within the derivative segment and by investing the balance in debt and money market instruments. The investment objective of the scheme is to provide capital appreciation by using arbitrage opportunities, equity derivative strategies, pure equity investments, and the balance in debt and money market instruments.

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