Edelweiss Mutual Fund has announced the change in the benchmark of Edelweiss Diversified Growth Equity Fund (E.D.G.E), with effect from 1 July 2009. The benchmark of the fund will be changed to S&P CNX Nifty comprising of 50 scrips from BSE 500. The change is being effected to bring in line the benchmark index with the investment strategy of the scheme and the new benchmark reflects the investment strategy better than previous benchmark.
The scheme will invest in companies that are large/broad market capitalisation based. Since the fund will not restrict itself from investing in any particular size/type of company, it is best to have a broad based index for such a fund. Hence, S&P CNX Nifty is appropriate benchmark for the fund.
The scheme will invest in companies that are large/broad market capitalisation based. Since the fund will not restrict itself from investing in any particular size/type of company, it is best to have a broad based index for such a fund. Hence, S&P CNX Nifty is appropriate benchmark for the fund.
No comments:
Post a Comment