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Edelweiss Asset manaement mops up Rs 903 cr
Mumbai, Sep 10 (UNI) Edelweiss Asset Management Limited, the Investment Manager to Edelweiss Mutual Fund, today announced mopping up off Rs 903 crore, under its maiden New Fund Offers (NFO) - Edelweiss Liquid Fund and Edelweiss Liquid Plus Fund - that closed on September 8.
Company CEO Jimmy A Patel in a release said that close to 600 applications were received for the maiden Funds. The funds re-open for on-going purchase and redemption tomorrow. Edelweiss Liquid Fund has been rated 'AAAf' by Credit Rating and Information Services of India Limited (CRISIL).
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Story first published: Wednesday, September 10, 2008, 16:34 [IST]
