Edelweiss Asset Management Limited, the Investment Manager to Edelweiss Mutual Fund, announced the launch of its maiden funds, Edelweiss Liquid Fund & Edelweiss Liquid Plus Fund. The New Fund Offers open on September 1, 2008 and close on September 8, 2008. The funds will re-open for on-going purchase and redemption from September 11, 2008. The Benchmark Index for both the schemes will be CRISIL Liquid Fund Index. Edelweiss Liquid fund is rated 'AAAf' by CRISIL*.
Speaking on the launch, Mr. Jimmy A. Patel, CEO, Edelweiss Asset Management Limited said, "We are pleased to announce the launch of our maiden funds. Going ahead, we will be looking at launching 10-12 products over the next one year across the spectrum of equity, derivatives and debt. It is our endeavor to help investors achieve their financial goals through pioneering initiatives and by introducing innovative products and services at regular intervals. We have already worked towards some industry firsts such as a simplified application form with bar coding for easy tracking and retrieval, online transaction facility for first time investors during the NFO (for Liquid Plus Fund) and on-going basis and other customer friendly facilities like having investors write their PAN on the subscription / additional purchase cheques so as to prevent fraudulent practices."
About Edelweiss Asset Management Limited , a subsidiary of Edelweiss Capital Limited is the Investment Manager to Edelweiss Mutual Fund (EMF). Edelweiss Capital Limited is one of the leading and fastest growing financial services company in India. Founded in 1996, Edelweiss Capital, including its subsidiaries, offers a wide array of multi-line solutions including Investment Banking, Institutional Equities, Asset Management, Wealth Management, Private Client Business, Insurance Brokerage and Wholesale Financing.
Edelweiss Asset Management Limited (EAML)
Edelweiss Asset Management Limited constitutes a team of experienced professionals from the financial services industry. The management team is highly qualified and carries a rich experience of working in the mutual fund industry and finance related areas. EAML is committed to "Power your Investment Quotient" by guiding investors with the right knowledge to spot that best investment opportunity. EAML endeavors to offer investors a wide range of solutions across asset classes while following a disciplined and process oriented investment approach to help investors achieve their financial goals.
