Edelweiss Mutual Fund has announced some changes in minimum application amount as well as load structure under Edelweiss Monthly Interval Fund-Series 1. It has decided to collect minimum application amount of Rs 10,000 and thereafter in multiples of Re 1 in retail plan of the scheme and Rs 10 lacs and in multiples of Re 1 thereafter in institutional plan. Minimum additional application amount is Rs 1000 and in multiples of Re 1 thereafter.
The scheme will not charge any entry load but will charge 2% exit load of the applicable NAV in both retail and institutional plan if redeemed during interval period. Edelweiss Monthly Interval Fund-Series 1 is an interval income scheme with an investment objective to generate regular income through investments in debt and money market instruments.
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