November 22, 2021
admin
Earlier known as the Edelweiss Multicap Fund, we had last covered this fund in 2nd March 2021 issue. The fund was converted to a flexicap fund with effect from 28th January 2021.
As per their revised investment mandate, multi-cap funds are required to invest at least 25 per cent of their assets each in large-, mid- and small-cap stocks. This is quite restrictive in comparison to their older mandate, which allowed the fund manager to invest freely across the market-capitalisation range in any proportion.
SEBI minted a new flexi-cap category which has inherited the old, unconstrained mandate of multi-cap funds.
The fund has been managed by Harshad Patwardhan since Jan 2015.
Exit load is 1% for redemption within 365 days
This fund can be compared to UTI Flexi Cap Fund, SBI Focused Equity Fund, Axis Focused 25 Fund etc.
Minimum investment is Rs. 5000 and minimum additional investment is Rs. 500. SIP option is also available in this fund. Minimum investment in SIP option is Rs. 500. This is a three star rated fund.
Analysis Date : 22-11-2021