Edelweiss Mutual Fund has launched the Edelweiss Consumption Fund, an open-ended equity scheme focused on India’s consumption sector.
The New Fund Offer (NFO) is open for subscriptions from January 31 to February 14.
Fund Objective and Strategy
The main goal of the fund is to create long-term capital growth by investing primarily in equity
and equity-related securities of companies in the consumption sector and related industries.
Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, highlighted that India’s consumer market is growing rapidly, driven by rising disposable incomes, urbanization,
and digitization. With India already among the largest consumer markets in the world, this fund seeks to leverage the country’s consumption-driven growth opportunity.
To achieve its goal, the fund will follow a diversified investment approach, covering sectors such as FMCG, consumer staples, consumer durables, education,
and healthcare. This strategy aims to deliver long-term wealth creation for investors.
Investment Details and Management
The fund is accessible to a broad range of investors, with a minimum investment amount of Rs 100. Subsequent investments can be made in multiples of Rs 1.
It’s an excellent choice for investors seeking to diversify their portfolios and benefit from India’s growing consumption sector.
An exit load of 1% applies if units are redeemed or switched within 90 days of allotment. After 90 days, no exit load will be charged.
The fund will be managed by a skilled team consisting of Dhruv Bhatia, Tridip Bhattacharya,
and Amit Vora, and it is benchmarked against the NIFTY India Consumption TRI.
