Sep 14, 2008

Edelweiss MF Launches two liquid funds

01 Sep 2008 | 14:15




Edelweiss MF Launches two liquid funds


Edelweiss mutual fund has launched Edelweiss Liquid Fund &
Edelweiss Liquid Plus Fund on 01 September 2008. It is the open-ended
liquid scheme. The new issue will be closed for subscription on 8
September 2008. The face value of the new issue will be Rs 10 per unit.
Edelweiss Liquid fund is rated 'AAAf' by CRISIL.

Speaking
on the launch, Mr. Jimmy A. Patel, CEO, Edelweiss Asset Management
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

Edelweiss
Asset Management (EAML), 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.



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