Edelweiss Asset Management Launches Technology Fund

Ahmedabad: Edelweiss Asset Management Limited (EAMC/EMF), one of India’s fastest-growing AMCs, announced the launch of Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology – related companies. The new fund offer (NFO) are open for subscription from 14th February 2024 to 28th February 2024.

Commenting on the launch, Ms. Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, stated, “In an era where technology is integral to our lives, we’re thrilled to unveil our latest fund in the technology space. This offering provides investors an opportunity to tap into dynamic Indian and US-based tech stocks in a unique and tax efficient manner. Our proven success in running a US Technology Fund of Fund in collaboration with JP Morgan underscores our commitment to providing diverse investment avenues and navigating the ever-evolving tech landscape”.

Trideep Bhattacharya, President & CIO-Equities, Edelweiss Mutual Fund, added, “We anticipate a substantial increase in technology penetration across all industries globally over the next decade. Our approach to participate in this trend will be through our Edelweiss Technology Fund, where we aim to take meaningful exposure to global industry leaders spanning various sub-sectors of technology along with Indian IT services and new-age tech companies.”