April 26 2024,
Edelweiss Mutual Fund on Friday announced the launch of Nifty Alpha Low Volatility 30 Index Fund, a multi-factor index fund comprising 30 stocks that have recently outperformed the broader market and are relatively less volatile. The fund house said that the index has outperformed the Nifty 100 TRI by over 5 per cent in the last10 years. The new fund offering (NFO) closed for subscription on April 26, 2024. MD and CEQ Radhika Guptas aid the fund is suitable for investors ““seeking to invest in large cap oriented strategies which can outperform the broader market"”.
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