Edelweiss Mutual Fund announces change in fundamental attributes of number of funds
Feb 20 2018
News Category: AMC Specific Updates
Edelweiss Mutual Fund has announced change in the fundamental attributes of Edelweiss ELSS Fund, Edelweiss Bond Fund and Edelweiss Dynamic Equity Advantage Fund with effect from Feb 26. Accordingly, Edelweiss ELSS Fund has been renamed as Edelweiss Long Term Equity Fund (Tax Savings) and the scheme is categorized as an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. Edelweiss Bond Fund has been renamed as Edelweiss Dynamic Bond Fund and the scheme is categorized as an open ended dynamic debt scheme investing across duration. Edelweiss Dynamic Equity Advantage Fund has been renamed as Edelweiss Balanced Advantage Fund and the scheme is categorized as an open ended dynamic asset allocation fund.
