Description

Edelweiss Asset Management Limited has approved fundamental attribute changes to the Edelweiss Income Plus Arbitrage Active Fund of Funds, effective March 16, 2026, including a scheme name change on the NSE MF Invest platform.

Summary

Edelweiss Asset Management Limited (Investment Manager) and Edelweiss Trusteeship Company Limited (Trustee) have approved fundamental attribute changes to the Edelweiss Income Plus Arbitrage Active Fund of Funds scheme. These changes, effective March 16, 2026, include a scheme name change and modifications to the scheme’s features as notified via a Notice cum Addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM).

Key Points

  • The scheme affected is Edelweiss Income Plus Arbitrage Active Fund of Funds
  • Changes are classified as Fundamental Attribute Change (FAC) under Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996
  • Both the scheme name and key scheme features (including asset allocation/instrument exposure) are being modified
  • Changes to instrument types and their percentage exposure are detailed in the Notice cum Addendum
  • The circular reflects the updated scheme listing on the NSE MF Invest platform

Regulatory Changes

  • Changes are governed under Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996
  • The modifications constitute a change in fundamental attributes of the scheme
  • Asset allocation changes involve modifications to instrument types, percentage of exposure, and applicable circular references
  • Tri-party Repo provisions are retained in both existing and proposed scheme features

Compliance Requirements

  • As per SEBI regulations on fundamental attribute changes, unit holders must be given an exit option without exit load within a notice period
  • Edelweiss Asset Management Limited is required to implement the formal process for change in fundamental attributes
  • The NSE MF Invest platform will reflect the updated scheme name effective from the change date
  • Distributors and intermediaries should update their records to reflect the new scheme name

Important Dates

  • Notice Cum Addendum Date: February 6, 2026
  • Effective Date of Changes: March 16, 2026
  • Circular Date: March 13, 2026

Impact Assessment

This change primarily affects existing unit holders of the Edelweiss Income Plus Arbitrage Active Fund of Funds. As a fundamental attribute change, SEBI regulations mandate that unit holders be provided an exit window without penalty. The scheme name change on the NSE MF Invest platform is an operational update affecting how the scheme is listed and traded on the platform. The impact is moderate — existing investors need to evaluate the revised scheme features and decide whether to continue or redeem their investments before the effective date. Broader market impact is limited as this is a single mutual fund scheme modification.

Impact Justification

Fundamental attribute change to a mutual fund scheme affecting existing unit holders; requires mandatory exit option under SEBI regulations but limited broader market impact.