Edelweiss Recently Listed IPO Fund limits lumpsum investments

Edelweiss Mutual Fund has decided to limit the lumpsum investment (including switch-ins) in Edelweiss Recently Listed IPO Fund. The fund house has decided to limit the subscription to Rs 2 lakh per transaction. This change will be effective from November 6 until further notice.

The fund house informed this through a notice-cum-addendum on October 27.

The fund house also stated that investments through systematic investment plan (SIP), systematic transfer plan (STP) and other facilities/special products offered will remain unchanged.


All the other provisions and terms and conditions of the scheme shall remain unchanged. This addendum shall form an integral part of the SID/KIM of the scheme, as amended from time to time.

Edelweiss Recently Listed IPO Fund is an open-ended equity scheme following the investment theme of investing in recently listed 100 companies or upcoming Initial Public Offer (IPOs).

The scheme was launched in February 2018. The scheme is benchmarked against India Recent 100 IPO Index TRI.

The scheme has offered 21.40% and 19.91% in three and five year horizons respectively. The benchmark gave 18.42% and 14.79% respectively during the same time period. The scheme manages assets of Rs 928.22 crore as on September 2023.

The portfolio of the fund is diversified across 51 stocks, with top 10 stocks accounting for 33.55%. The scheme is managed by Bhavesh Jain and Bharat Lahoti.