Edelweiss Banking and PSU Debt Fund Direct Dividend Weekly is a Debt Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was introduced to investors on 13 Sep 2013. Dhawal Dalal, Gautam Kaul is the Current Fund Manager of Edelweiss Banking and PSU Debt Fund Direct Dividend Weekly.The fund currently has an Asset Under Management(AUM) of ₹112 Cr and the Latest NAV as of 22 Oct 2019 is ₹10.59.
The Edelweiss Banking and PSU Debt Fund Direct Dividend Weekly is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
The investment objective of the Scheme is to seek to generate income by investing predominantly in a portfolio of Debt Securities and Money Market Instruments issued by banks and PSUs.However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment