Edelweiss Business Cycle Fund follows a business cycle based investment theme designed to capture market opportunities effectively. Investing across sectors and market capitalisations, the fund offers a robust solution with core allocation with a long-term perspective. According to a press release from the fund house, the fund will adopt a factor investing approach and create three baskets representing quality, growth and value stocks.
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The fund focuses on weathering economic cycles by dynamically allocating to different sectors and stocks during different stages of the economic cycle and seeks to generate long-term capital appreciation by investing primarily in equity and equity-related securities.
Invest and earn with ET Money – Earn up to 9.5% annual interest
The fund is managed by Bhavesh Jain and Bharat Lahoti. The performance of the scheme is assessed against the Nifty 500 TRI benchmark.
If the units are redeemed or converted within 90 days from the allotment date, an exit load of 1% of the applicable NAV will apply. If the units are redeemed or converted after 90 days from the allotment date, the exit load will be zero.
The minimum claim amount is Rs 5,000 and thereafter in multiples of Rs 1. For SIP, the minimum claim amount is Rs 100 and thereafter in multiples of Rs 1. The maximum Total Expense Ratio (TER) permissible under Rule 52(6)(c) is up to 2.25%.
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The scheme allocates 80-100% to selected equities and equity related instruments based on business cycle, 0-20% to other equities and equity related instruments, 0-20% to debt and money market instruments and 0-10% to units issued by REITs and InvITs.
“We are delighted with the overwhelming response to the Edelweiss Business Cycle Fund NFO and thank our distribution partners and investors for the trust and belief in the Edelweiss MF brand. This reaffirms stakeholders' confidence in our 15-year track record of managing factor-based investment strategies and strengthens our position as the largest asset manager in this space,” said Radhika Gupta, Managing Director & CEO, Edelweiss Mutual Fund.
The scheme is suitable for investors who wish to invest in equity and equity related instruments seeking long-term capital appreciation with a focus on weathering economic cycles through dynamic asset allocation among various sectors and equities at different stages of the economic cycle.
