Edelweiss Mutual Fund has launched an open-ended equity scheme, Moneylife reports. The Edelweiss Select Midcap Fund aims to generate long-term capital appreciation from a portfolio comprising equity and equity-related securities of mid-cap companies.

The scheme seeks to invest 80-100% of net assets in equity and equity-related securities, while it will allocate 0-20% to debt and money market securities. The new scheme will not commit to securitized debt.

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