Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Mutual Funds

| More

Edelweiss Asset Management Launches Technology Fund

Posted On: 2024-02-15 22:28:31 (Time Zone: IST)

Edelweiss Asset Management Limited (EAMC/EMF), one of India's fastest-growing AMCs, announced the launch of Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology - related companies. The new fund offer (NFO) are open for subscription from 14th February 2024 to 28th February 2024.

The Edelweiss Technology Fund aims to offer investors with exposure to both Indian as well as global technology and tech-enabled companies. Investors can RIDE the technology wave across traditional as well as new-age technology companies in India, specifically in Renewables, IT services, Digital, and Electronics manufacturing services (RIDE). The exposure to India technology companies will be approximately 70-80%. The allocation to global technology companies is expected to be in the range of 20-30%, achieved through an internal rule based methodology in key US technology companies, encompassing AI, internet companies, semiconductors, etc. The fund's performance will be assessed against the S&P BSE TECk TRI benchmark.

Commenting on the launch, Ms. Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, stated, "In an era where technology is integral to our lives, we're thrilled to unveil our latest fund in the technology space. This offering provides investors an opportunity to tap into dynamic Indian and US-based tech stocks in a unique and tax efficient manner. Our proven success in running a US Technology Fund of Fund in collaboration with JP Morgan underscores our commitment to providing diverse investment avenues and navigating the ever-evolving tech landscape".

Mr. Trideep Bhattacharya, President & CIO-Equities, Edelweiss Mutual Fund, added, "We anticipate a substantial increase in technology penetration across all industries globally over the next decade. Our approach to participate in this trend will be through our Edelweiss Technology Fund, where we aim to take meaningful exposure to global industry leaders spanning various sub-sectors of technology along with Indian IT services and new-age tech companies."

The scheme would be managed by Mr. Trideep Bhattacharya, Mr. Sahil Shah (Co-Fund Manager), Mr. Amit Vora (Overseas securities).

Shares of Edelweiss Financial Services Limited was last trading in BSE at Rs. 70.24 as compared to the previous close of Rs. 69.37. The total number of shares traded during the day was 637957 in over 9992 trades.

The stock hit an intraday high of Rs. 71.36 and intraday low of 68.50. The net turnover during the day was Rs. 44857093.00.

Click here to send ur comments or to

Other Headlines:

Edelweiss Mutual Fund launches the 'Nifty Alpha Low Volatility 30 Index Fund'

DSP Mutual Fund launches DSP S&P BSE Liquid Rate ETF

DSP Mutual Fund launches DSP US Treasury Fund of Fund

DSP Mutual Fund appoints Chirag Joshi as Head of Distributor Success & B2B growth

Union Mutual Fund launches New Fund Offer of Union Business Cycle Fund

Tata Asset Management launches four New Fund Offering focusing on Gold and Silver

Axis Mutual Fund garners over INR 3,400 Crores in the Axis India Manufacturing Fund

Axis Mutual Fund launches 'Axis US Treasury Dynamic Bond ETF Fund of Fund'

DSP Mutual Fund launches first-of-its-kind DSP Nifty Smallcap250 Quality 50 Index Fund

Axis Mutual Fund Launches 'Axis India Manufacturing Fund'

Union AMC Launches Union Children's Fund, Open for subscription on November 28, 2023 and closes on December 12, 2023

LIC Mutual Fund launches a campaign to promote women participation in Systematic Investment Plan

DSP Mutual Fund launches DSP Banking & Financial Services Fund

Edelweiss Mutual Fund launches Multi Cap Fund

Axis Mutual Fund unveils results of Investor Survey on 'Risk Comprehension' in India

UTI Mutual Fund launches 'UTI Innovation Fund'

Kotak Mahindra Asset Management Company Limited launches Kotak S&P BSE Housing Index Fund

UTI Mutual Fund launches 'UTI Balanced Advantage Fund'

DSP Mutual Fund launches DSP S&P BSE Sensex ETF, DSP Nifty Private Bank ETF & DSP Nifty PSU Bank ETF

Axis Mutual Fund launches 'Axis Nifty IT Index Fund'

UTI Mutual Fund launches 'UTI Silver ETF' and 'UTI Silver ETF FoF'

Kotak's Manufacturing Fund completes 1 year, theme seeing strong resurgence

Axis Mutual Fund launches Axis S&P 500 ETF Fund of Fund

Kotak Mahindra Asset Management Company Limited launches Silver ETF Fund of Fund

ICICI Prudential AMC launches ICICI Prudential Nifty PSU Bank ETF NFO

UTI Mutual Fund launches 'UTI Long Duration Fund'

Axis Mutual Fund launches 'Axis Nifty G-Sec September 2032 Index Fund'

Axis Mutual Fund launches 'Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund'

HSBC Mutual Fund launches new fund offering HSBC Multi Cap Fund

Axis Mutual Fund launches 'Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund'

Chirag Joshi Joins Samco AMC as CGO

Axis Mutual Fund launches 'Axis Long Duration Fund' Launches ESG Mutual Funds Research

Axis Mutual Fund launches Axis Nifty SDL September 2026 Debt Index Fund

Samco Mutual Fund introduces a differentiated ELSS Tax Saver Fund

Edelweiss MF Launches Edelweiss CRISIL IBX 50:50 Gilt Plus SDL September 2028

Mirae Asset Mutual Fund launches two new Target Maturity Index Funds

UTI Mutual Fund launches 'UTI Gold ETF Fund of Fund'

IDFC Mutual Fund launches IDFC Transportation and Logistics Fund

Axis Mutual Fund launches 'Axis NASDAQ 100 Fund of Fund'

Axis Mutual Fund launches Axis Silver ETF and Axis Silver Fund of Fund

Edelweiss Asset Management Launches 'Gold and Silver ETF Fund of Fund'

Axis AMC's unique bouquet of WhatsApp services offers 27 key facilities

SIP is the most preferred investment avenue among millennials: CASHe Survey

UTI Mutual Fund launches 'UTI Gilt Fund with 10 year Constant Duration'

Edelweiss Asset Management Launches 'Edelweiss Focused Equity Fund'

UTI Mutual Fund launches 'UTI Nifty Midcap 150 Quality 50 Index Fund'

Axis Mutual Fund launches 'Axis NIFTY Midcap 50 Index Fund'

Navi Mutual Fund launches Navi Nasdaq 100 Fund of Fund

Edelweiss Mutual Fund Launches 'Edelweiss Crisil PSU Plus SDL 50:50 Oct 2025 Index Fund'

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020