NFO Alert: Edelweiss Mutual Fund Launches Consumption Fund

Edelweiss Asset Management Limited has launched the Edelweiss Consumption Fund, an open-ended equity scheme that focuses on investing in companies within consumption and allied sectors. The fund aims to generate long-term capital appreciation, though there is no guarantee of achieving this objective.

This New Fund Offer (NFO) is available in two plans consisting of Edelweiss Consumption Fund – Regular (G) and Edelweiss Consumption Fund – Direct (G)

NFO Timeline and Investment Requirements

Both Regular and Direct plans follow a growth-oriented approach and fall under the Equity – Diversified category.

Risk and Benchmark

The fund is classified as Very High Risk, as per SEBI’s riskometer, meaning it is subject to volatility and market fluctuations. It is benchmarked against the S&P BSE 500 India TR INR, which tracks 500 companies across multiple industries in the country.

Fund Manager and Investment Strategy

Managed by Dhruv Bhatia, the fund will primarily invest in equity and equity-related securities in the consumption sector. This includes businesses in FMCG, retail, automobiles, e-commerce, and discretionary spending industries. The strategy focuses on companies benefiting from rising incomes, trends and evolving consumer preferences.

Exit Load, Redemption & Other Details

• Exit Load: 1% if units are redeemed or switched out within a specified timeframe.
• Redemption/Repurchase: Available as per the scheme rules.

• NAV Calculation: Daily
• Fund House: Edelweiss Mutual Fund

Both Regular and Direct plans of the Edelweiss Consumption Fund provide exposure to India’s consumption sector. However, Direct plans generally have lower expense ratios compared to Regular plans, as they bypass distributor commissions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.