Edelweiss MF collects Rs 1,000 cr

New Delhi: Edelweiss Mutual Fund on Thursday said it has mobilised over Rs1,000 crore during the new fund offering (NFO) of its multi-cap fund.

The Edelweiss Multi Cap Fund has recorded the highest collection ever achieved by the fund house in an equity NFO, with over 65,000 applications. The main aim of Edelweiss Multi Cap Fund is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments across large cap, mid cap, and small cap stocks.

This response for Edelweiss Multi Cap Fund NFO demonstrates the faith of over 65,000 investors and over 3,000 distribution partners from Pan-India which played a crucial role in facilitating the fund’s exceptional mobilisation,” said Deepak Jain, Head Sales, Edelweiss Mutual Fund.