Edelweiss MF Declares Dividend For Monthly Interval Fund -Dec 24, 2008

Edelweiss Mutual Fund has declared dividend under dividend option of Edelweiss Monthly Interval Fund – Series 1. The record date for the dividend is 29 December 2008.The quantum of dividend will be 100% of the available distributable surplus of the scheme as on the record date for the face value of Rs 10 per unit. The NAV for the scheme was at Rs 10.0549 per unit as on 22 December 2008.

After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any. The Fund house has shifted Specified Transaction Period to 30 December 2008 instead of 24 December 2008. Monthly interval scheme offers for subscription/switch-in and redemption/switch-out of units without any load during the specified transaction period. The specified transaction period would be on the 30th day from the date of allotment or on the last business day of the interval period. The scheme offers redemption & switch out on all business days, other than the specified transaction period subject to applicable load conditions.

The scheme was launched in September 2008. The investment objective of Edelweiss Monthly Interval Fund – Series 1 is to generate regular income through investments in debt & money market instruments. The fund manager for the scheme is Bhupesh Kalyani.