New Delhi: Edelweiss Asset Management Limited on Tuesday launched a new fund offer (NFO) for Edelweiss Focused Equity Fund, which will invest in 25-30 stocks spread across three key investment opportunities of brands, market share gainers and innovators.
The benchmark for the fund will be the Nifty 500 Total Return Index. Edelweiss Focused Equity Fund will open for subscription from July 12 to 25 and offers both direct and regular plans.
The fund will be managed by Chief Investment Officer-Equities Tridip Bhattacharya and Edelweiss AMC Fund Manager Abhishek Gupta.
The scheme is both market-cap as well as sector agnostic, enabling investors to capitalize on a wide spectrum of opportunities.
Radhika Gupta, Managing Director and CEO, Edelweiss AMC, said, “India is one of the best periods of business growth and transformation driven by several factors, including compelling demographics, enabling regulation, strong manufacturing push and accelerated digitisation. We believe some of the key opportunities that are likely to dominate future growth will be linked to investment opportunities such as brands, market share gainers, and innovators and disruptors. To better leverage these, we are launching Edelweiss Focused Equity Fund which will take focused exposure to companies within these three investment opportunities.”
From an investment standpoint, the scheme aims to invest in both established as well as emerging brands, companies that either have significant market share or have the potential to grow market share, and are innovators and disruptors.
Bhattacharya said, “As India grows and the factors outlined above align, we expect strong existing and emerging brands to capitalize on these opportunities and expand their footprint. In addition, companies with possess a strong operating leverage or distinctive moat, they can capture market share and see earnings growth and expansion. And finally, with accelerated innovation, we expect new companies to disrupt the existing ecosystem and generate exponential value. Our fund aims to invest in all the above opportunities which are relevant at the current stage of India’s growth.”
The plan will have an exit load of 1% for up to 365 days and zero thereafter.