Recently, Edelweiss Mutual Fund announced to launch a new fund – Edelweiss Monthly Income Plan, which is an open-ended income scheme.
An online news portal about business and economy – economictimes.indiatimes.com writes about Edelweiss Monthly Income Plan, “The scheme seeks to invest at least 70 per cent of its net assets in debt and money market instruments and the balance in equity and equity related instruments.”
It quotes a statement of Vikaas M Sachdeva also who is the Edelweiss Asset Management Limited (AMC) Chief Executive Officer, “Our quant based equity investment style and a debt portfolio at lower duration, will endeavour to produce better risk adjusted returns than conventional MIPs.”
So, Edelweiss Monthly Income Plan will be able to produce better risk adjusted returns than conventional MIPs.
Further he said to ET, “…With equity markets a little volatile and an interest rate scenario that has seen a significant hardening in high inflation regime, we believe this is the right time for investors to invest in this scheme.
The scheme seeks to generate returns that are consistent with the moderate levels of risk and liquidity through active management of a diversified portfolio constituted of debt and money market instruments, securitised debt, government securities, and equity and equity-related instruments.
Since the equity component of the portfolio of the scheme would provide the opportunity for generating enhanced returns of the portfolio, the AMC will focus on managing the same with quant-based investment style, making the scheme one of India’s premier quant-based equity investment products.
In parallel, its debt portfolio will seek to produce consistent returns that will serve to counter balance any volatility produced by equity component.”
So, the scheme generates consistent returns with the moderate levels of risk and liquidity. Debt portfolio of Edelweiss Monthly Income Plan seeks to produce consistent returns. It is the best plan like Retirement Fund of Tata Mutual Fund.
