India: Edelweiss AMC to convert maiden IPO fund into an open-ended fund

Edelweiss Asset Management Ltd has announced that it will convert its Maiden Opportunities Fund – Series 1 (EMOF), a close-ended fund that focuses on recently listed IPOs into an open-ended fund. The fund has assets under management worth Rs522 crore and with the conversion, it will become India’s first open-ended fund focused on investing in 100 recently listed IPOs.