Edelweiss Super Select Equity Fund files offer document with Sebi

Edelweiss Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch an open ended equity scheme - Edelweiss Super Select Equity Fund. The scheme's new fund offer (NFO) price will be Rs 10 per unit. The primary scheme's investment objective is to generate long term capital appreciation from a relatively concentrated portfolio of predominantly equity and equity related securities including derivatives. Moreover, the scheme may also invest in debt and money market instruments for managing liquidity or when the fund manager has a defensive view on the market. The Scheme will have a single plan with dividend and growth Option. Further, the dividend option shall have reinvestment, payout & sweep facility. The scheme would allocate 65% to 100% of assets in equity, equity related instruments & derivatives with medium to high risk profile. Moreover, it would also allocate upto 35% of assets in debt and money market instruments that includes securitized debts with low to medium risk profile.