NFO of Edelweiss Nifty PSU Bond+ opens on March 10
March 08, 2021
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Edelweiss Asset Management Company has launched a new fund offer of Nifty PSU Bond Plus SDL Index Fund – 2026, a one of its kind passively managed index fund that will invest in AAA-rated PSU bonds and State Development Loans. The NFO opens on Wednesday and closes on March 16.
The fund will have a defined maturity of April 30, 2026. The fund will aim to hold the bonds till maturity in order to provide stability and visibility of returns to investors. Taxed at 20 per cent post indexation, this fund will be more tax efficient as compared to traditional avenues.