Edelweiss Mutual Fund has launched a new open-ended income scheme, Economic Times reports. The Edelweiss Monthly Income Plan‘s investments will include securitized debt, government securities and equity and equity-related instruments. The fund will seek to allocate about 70% of its portfolio to debt and money market instruments. Edelweiss Asset Management will manage the new fund with quant-based investment style. The portfolio will seek to produce consistent returns that will serve to counter balance any volatility produced by equity component.

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