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Edelweiss Mutual Fund’s closed-ended fund to turn open-ended
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Synopsis Edelweiss Mutual Fund will convert its Maiden Opportunities Fund, a closed-end equity scheme to capture opportunities in the IPO market, into an open-ended product. The fund with assets of ₹522 crore will be renamed as Edelweiss Recently Listed IPO Fund.
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Edelweiss Mutual Fund will convert its Maiden Opportunities Fund, a closed-end equity scheme to capture opportunities in the IPO market, into an open-ended product. The fund with assets of ₹522 crore will be renamed as Edelweiss Recently Listed IPO Fund.
Launched in February 2018 with a maturity of 1,222 days, the fund has returned 16.71% in the past three years as against 13.27% gains in the BSE 500 TRI. The outperformance was driven by stocks such as Dixon Technologies, HDFC Life, HDFC AMC, Amber Enterprises and Gland Pharma.