Edelweiss Mutual Fund has achieved a significant milestone, amassing over ₹1,000 crore through its Multi Cap Fund NFO. This remarkable feat marks the highest collection ever recorded by Edelweiss MF in an equity NFO, according to a report by Business Line.
The fund is set to reopen for continuous sale and repurchase starting from October 30. Speaking on the success of the NFO, Deepak Jain, Head of Sales at Edelweiss Mutual Fund, emphasized the substantial contribution of more than 65,000 investors and over 3,000 distribution partners across India.
The Multi Cap Fund’s primary objective is to foster long-term capital appreciation by strategically investing in a diversified portfolio of equity and equity-related instruments, encompassing large, mid, and small-cap stocks.