*🚨Edelweiss Mutual Fund's Recent Success*⚠️⚠️⚠️$BTC $XRP

- *New Fund Offer (NFO)*: Edelweiss Mutual Fund has successfully raised over ₹1,800 crore through its new fund offer (NFO) for the Edelweiss Business Cycle Fund

- *Overwhelming Response*: The NFO received an overwhelming response, with over 90,000 applications amounting to over ₹1,800 crore

- *Investment Strategy*: The fund employs a business cycle-based investment theme, investing across various sectors and market caps, and offers a robust solution for core allocation with a long-term focus

- *Factor Investing Approach*: The fund deploys a factor investing approach to create three baskets representing quality, growth, and value stocks, minimizing the cyclicality of any single factor

- *Diversified Portfolio*: The fund selects the highest momentum stocks within each basket, resulting in a diversified portfolio of 50-60 stocks

- *Long-Term Focus*: The fund is suitable for investors seeking long-term capital appreciation and has a minimum application amount of ₹5,000