Mon. Feb 17th, 2025

Chennai, February 05th, 2024: Edelweiss Asset Management Limited (EAMC/EMF), has launched the ‘Edelweiss Consumption Fund’. The New Fund Offer (NFO) will be open for subscriptions from January 31, 2025, to February 14, 2025. The fund seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related securities with a focus on companies engaged in consumption and consumption-related sectors or allied sectors.

Commenting on the launch, Ms. Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, stated, “”Ranked among the top two consumer markets worldwide, India’s consumption story is poised for exponential growth. Driven by rising disposable incomes, urbanization, digitalization, easy credit, and a youthful demographic dividend, consumer businesses are set to thrive. The Edelweiss Consumption Fund aims to capitalize on this multi-decade opportunity. The launch is also timely, as stock prices have corrected meaningfully, presenting a good entry point for long-term investors.”

India is riding a consumption wave on account of rising per capita income ushering in the growth of consumer-led businesses. The Edelweiss Consumption Fund seeks to cater to investors looking for opportunities in India’s consumption-driven growth story by investing in core, emerging, and cyclical businesses. Taking a diversified approach to investing across various consumption sub-sectors such as FMCG, consumer staples, consumer durables, education, healthcare, etc. The fund aims to provide long-term wealth-creation opportunities for investors.

The stock selection approach at the ‘Edelweiss Consumption Fund’ is agnostic in its investment style, focusing on businesses that can be classified as quality leaders, growth champions, and value picks. The fund will leverage India’s diverse consumption landscape, picking and investing in businesses that meet its selection criteria. The fund’s sectoral and thematic exposure will be aligned with India’s economic resilience and evolving consumer preferences, making it a promising investment avenue.

The fund is accessible to a wide range of investors with a minimum investment amount of Rs. 100. The scheme is suitable for investors seeking to diversify their portfolios with an equity investment option focused on India’s consumption theme. The scheme will be overseen by Mr. Dhruv Bhatia, Mr. Trideep Bhattacharya and Mr. Amit Vora.

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