Edelweiss AMC is all set to launch a mutual fund scheme focused on technology companies listed in the USA. The Edelweiss US Technology Fund will feed into the JP Morgan US Technology Fund. The New Fund Offer (NFO) of Edelweiss US Technology Fund is set to open on 14 Feb and close on 28 Feb. Since it is an open ended fund, it will be available for subscription thereafter as well. The JP Morgan fund has delivered a CAGR of 19.21% over the past 5 years, in US dollar terms in sync with a powerful rally in US tech stocks.
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