Edelweiss NFO: Radhika Gupta’s fund house launches new 'Consumption Fund;' Subscriptions starts on...

Known as the ‘Edelweiss Consumption Fund,’ the new fund by Edelweiss Mutual Fund is an open-ended equity scheme following the consumption theme. Edelweiss Consumption Fund will utilise a diversified approach to invest across various consumption sub-sectors like FMCG, consumer staples, consumer durables, education, healthcare, and more.

The fund is accessible to a wide range of investors with a minimum investment amount of Rs. 100. The NFO will be open for subscriptions from January 31, 2025, to February 14, 2025.

Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, stated, “"Ranked among the top two consumer markets worldwide, India’s consumption story is poised for exponential growth. Driven by rising disposable incomes, urbanization, digitalization, easy credit, and a youthful demographic dividend, consumer businesses are set to thrive. The Edelweiss Consumption Fund aims to capitalize on this multi-decade opportunity. The launch is also timely, as stock prices have corrected meaningfully, presenting a good entry point for long-term investors."

India consumption market

India's consumption market is growing on multiple factors. Within this, soaring per capita income is fueling in the growth of consumer-led businesses. The Edelweiss Consumption Fund aims to invest in core, emerging, and cyclical businesses.

The stock selection approach at the ‘Edelweiss Consumption Fund’ is agnostic in its investment style, focusing on businesses that can be classified as quality leaders, growth champions, and value picks.

"The fund will leverage India's diverse consumption landscape, picking and investing in businesses that meet its selection criteria. The fund’s sectoral and thematic exposure will be aligned with India’s economic resilience and evolving consumer preferences, making it a promising investment avenue," the press release added.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)