Description
Edelweiss Mutual Fund introduces Daily SIP facility for 6 offshore and fund of fund schemes on BSE StAR MF platform with immediate effect.
Summary
Edelweiss Mutual Fund has introduced Daily SIP (Systematic Investment Plan) facility for 6 schemes on BSE StAR MF platform, effective immediately. The schemes include offshore equity funds targeting ASEAN, Europe, Emerging Markets, Greater China, US markets, and one US Technology Fund of Fund.
Key Points
- Daily SIP facility introduced for 6 Edelweiss schemes
- Implementation with immediate effect on BSE StAR MF platform
- All schemes are offshore equity funds or fund of funds
- Covers diverse geographical markets: ASEAN, Europe, Emerging Markets, Greater China, and US
Regulatory Changes
No regulatory changes involved. This is an operational enhancement to existing mutual fund investment facilities.
Compliance Requirements
- Members informed through official communication
- No specific compliance actions required from market participants
Important Dates
- Effective Date: Immediate effect from September 9, 2025
- Notice Date: September 9, 2025
Impact Assessment
Low market impact as this is an enhancement to existing investment facilities. Provides investors with more flexibility in systematic investment planning for international equity exposure through Edelweiss schemes. No direct impact on equity markets or trading operations.
Impact Justification
Addition of SIP facility is an operational enhancement with limited market impact