Abridged Abridged Annual Report Annual Report 2019-2020 2019-2020 Equity Schemes Edelweiss Arbitrage Fund Edelweiss Large Cap Fund Edelweiss Long Term Equity Fund (Tax Savings) Edelweiss Aggressive Hybrid Fund Edelweiss Large & Mid Cap Fund Edelweiss Equity Savings Fund Edelweiss Mid Cap Fund Edelweiss Multi Cap Fund Edelweiss Maiden Opportunities Fund - Series 1 Edelweiss Balanced Advantage Fund Edelweiss Small Cap Fund Exchange Traded Funds Edelweiss ETF-Nifty 50 Edelweiss ETF-Nifty Bank Edelweiss ETF-Nifty 100 Quality 30 Overseas Fund of Funds Edelweiss ASEAN Equity Off-Shore Fund Edelweiss Europe Dynamic Equity Off-Shore Fund Edelweiss Greater China Equity Off-Shore Fund Edelweiss US Value Equity Off-Shore Fund Edelweiss Emerging Markets Opportunities Equity Off-Shore Fund Edelweiss US Technology Equity Fund of Fund
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Annual Report · 2021. 2. 5. · 2 Edeleiss utual und euity schemes - annual Report 2019-20 UTU A UND UTU A UND UTU A UND UTU A UND ended Target Maturity fund of funds scheme investingin
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AbridgedAbridged
Annual ReportAnnual Report2019-20202019-2020
Equity SchemesEdelweiss Arbitrage FundEdelweiss Large Cap FundEdelweiss Long Term Equity Fund (Tax Savings)Edelweiss Aggressive Hybrid FundEdelweiss Large & Mid Cap FundEdelweiss Equity Savings FundEdelweiss Mid Cap FundEdelweiss Multi Cap FundEdelweiss Maiden Opportunities Fund - Series 1Edelweiss Balanced Advantage FundEdelweiss Small Cap Fund
Overseas Fund of FundsEdelweiss ASEAN Equity Off-Shore FundEdelweiss Europe Dynamic Equity Off-Shore FundEdelweiss Greater China Equity Off-Shore FundEdelweiss US Value Equity Off-Shore FundEdelweiss Emerging Markets Opportunities Equity Off-Shore FundEdelweiss US Technology Equity Fund of Fund
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-202
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endedTargetMaturityfundoffundsschemeinvestinginunitsofBHARATBondETF–April2023)andBHARATBondFOF–April2030(Anopen-endedTargetMaturityfundoffundsschemeinvestinginunitsofBHARATBondETF–April2030)werelaunched.Therewerenoclose-endedschemeslaunchedduringtheperiod,howeverthereweretwoopenendedtargetmaturityschemes,namely,BHARATBondETF–April2023(AnopenendedTargetMaturityExchangeTradedBondFundpredominatelyinvestinginconstituentsofNiftyBHARATBondIndex-April2023)andBHARATBondETF–April2030(AnopenendedTargetMaturityExchangeTradedBondFundpredominatelyinvestinginconstituentsofNiftyBHARATBondIndex-April2030)werelaunchedduring theperiod that required listingonNSEandBSEasper the termsandconditionprovided in theSEBIRegulations.Further, theEdelweissTaxAdvantageFundwasmergedintoEdelweissLongTermEquityFund(TaxSavings)witheffectfromFebruary26,2020.
b. Mutual fund industry performance: Themutualfundindustry’saverageassetsundermanagement(AAUM)areatRs105trillionforthefinancialyear2019-20.AccordingtotheAssociationof
1Year -24.89% 7,505 -23.74% 7,620 -40.13% 5,978 -24.97% 7,4983Year NA NA NA NA NA NA NA NA5Year NA NA NA NA NA NA NA NASinceInception(CAGR)-RegularPlan -14.07% 8,406 NA NA -30.68% 6,572 -18.71% 7,888SinceInception(CAGR)-DirectPlan NA NA -12.76% 8,553 -30.68% 6,572 -18.71% 7,888
exchange traded scheMes - fund perforMance as on March 31, 2020:edelweiss etf - niftY 50
period edelweiss etf - nifty 50 allotment date: May 8, 2015
scheme Benchmark (nifty 50 tr index)
additional Benchmark$ (s&p Bse sensex TR index)
Returns % value (inr)# Returns % value (inr)# Returns % value (inr)#1Year -25.04% 7,490 -24.97% 7,498 -22.80% 7,7143Year -0.79% 9,764 -0.81% 9,757 1.07% 10,3265Year NA NA NA NA NA NASinceInception(CAGR) 2.62% 11,353 2.33% 11,196 3.09% 11,611
edelweiss etf - niftY Bankperiod edelweiss etf - nifty Bank
allotment date: december 15, 2015
scheme Benchmark (nifty Bank tr index)
additional Benchmark$ (nifty 50 tr index)
Returns % value (inr)# Returns % value (inr)# Returns % value (inr)#1Year -37.33% 6,259 -36.72% 6,320 -24.97% 7,4983Year -3.58% 8,963 -3.23% 9,062 -0.81% 9,7575Year NA NA NA NA NA NASinceInception(CAGR) 3.89% 11,783 4.27% 11,967 3.95% 11,812
Returns % value (inr)# Returns % value (inr)# Returns % value (inr)#1Year -21.93% 7,802 -21.79% 7,816 -24.97% 7,4983Year -0.73% 9,782 -0.60% 9,821 -0.81% 9,7575Year NA NA NA NA NA NASinceInception(CAGR) 1.99% 10,788 2.22% 10,881 3.54% 11,432
fixed MaturitY scheMes - fund perforMance as on March 31, 2020:
edelweiss Maiden opportunities fund – series 1period Regular plan
allotment date: March 23, 2017
direct plan allotment date: March 23, 2017
scheme Benchmark (nifty 500 tr index)
alternate Benchmark$ (nifTy 50 TR index)
Returns % value (inR)#
Returns % value (inR)#
Returns % value (inR)#
Returns % value (inR)#
1Year -4.89% 9,510 -4.66% 9,532 -26.56% 7,338 -24.97% 7,4983Year NA NA NA NA NA NA NA NA5Year NA NA NA NA NA NA NA NASinceInception(CAGR)-RegularPlan -8.34% 8,326 NA NA -10.79% 7,865 -7.32% 8,523SinceInception(CAGR)-DirectPlan NA NA -7.79% 8,431 -10.79% 7,865 -7.32% 8,523
Trustee’s Report for the year ended March 31, 2020 (Contd.)
#BasedonstandardinvestmentofRs.10,000madeatthebeginningoftherelevantperiod. $StandardBenchmarkprescribedbySEBIvidecirculardatedAugust22,2011. @Returns are annualized. Brief comments on scheme performance: Thescheme(s)haveperformedrelativelywell in lightoftheuncertainandtoughmarketconditions.The
and liquidCPSEbonds.However, italsoprovedtobequitechallengingyear forthenon-AAANon-bankingFinanceCompanies (NBFC)andnon-AAAHousingFinanceCompanies(HFC).
LastquarterofFY20broughta freshsetofchallenges in the formof rapidspreadofpandemic -Covid-19. Inorder tostaveoff its spread, theGOIannouncedaseriesofnationwidelockdownsstartingMarch2020.Thisunprecedentedmeasureresultedinsignificantdeclineineconomicoutputsandhadacollateraldamageintheformofunexplainedlevelofhardshiptothepoorandmigrantlabour.TheferocityofthespreadofCovid-19andresultantcasualtiesacrossthegloberattledglobalmarketsandforcedcoordinatedactionsbyglobalcentralbanksandgovernmentstoinjectmassivedoseofliquiditybyexpandingtheirbalancesheetswithanaimtosupportfinancialmarkets.Thus,inashortspanofthreemonths,majorcentralbanksandtheirgovernmentsinjectedcloseto$20trillionworthofliquiditytostaveoffrecessionarypressures.ThisisthehighestformofliquiditysupportattheglobalfrontinsuchashorttimeperiodsinceGlobalFinancialCrisisin2008-09.
Trustee’s Report for the year ended March 31, 2020 (Contd.)
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-208
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Bond Market outlook for fY21: Basedontheexpectationsofeasyliquidity,massiveincreaseingovernmentborrowingsandRBIsupport,weexpectIGByieldcurvetoremainsteepin
c. operations support for the schemes: TheAMC/MutualFundcurrentlyhas13branchesinadditiontothebranchesoftheRegistrarandTransferAgent,withaviewtorenderingtimelyand
efficientcustomerservice.
2. BRief BaCkgRound of The fund, The sponsoR, The TRusTee CoMpany and The aMC
(a) edelweiss Mutual fund EdelweissMutualFund(EMF)issetupasatrustundertheIndianTrustsAct,1882videTrustDeeddated30thJanuary2008andisdulyregisteredunder
3. investMent oBjectives of the scheMes: edelweiss arbitrage fund - TheinvestmentobjectiveoftheSchemeistogenerateincomebypredominantlyinvestinginarbitrageopportunitiesinthecash
edelweiss equity savings fund - Theinvestmentobjectiveoftheschemeistoprovidecapitalappreciationandincomedistributiontotheinvestorsbyusingequityandequityrelatedinstruments,arbitrageopportunities,andinvestmentsindebtandmoneymarketinstruments.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealizedorthatincomewillbegeneratedandtheschemedoesnotassureorguaranteeanyreturns.
edelweiss Balanced advantage fund - TheprimaryobjectiveoftheSchemeistogeneratecapitalappreciationwithrelativelylowervolatilityoveralongertenureoftime.TheSchemewillaccordinglyinvestinequities,arbitrageopportunitiesandderivativestrategiesontheonehandanddebtandmoneymarketinstrumentsontheother.TheSchememayalsoinvestinInfrastructureInvestmentTrustsandRealEstateInvestmentTrusts.HoweverthereisnoassurancethattheinvestmentobjectiveoftheSchemewillberealized.
edelweiss large Cap fund - Theinvestmentobjectiveistoseektogeneratelong-termcapitalappreciationfromaportfoliopredominantlyconsistingequityandequity-relatedsecuritiesofthe100largestcorporatebymarketcapitalisationlistedinIndia.However,thereisnoassurancethattheinvestmentobjectiveoftheSchemewillberealizedandtheSchemedoesnotassureorguaranteeanyreturns.
edelweiss large & Mid Cap fund - The investmentobjectiveof the Scheme is to generate long-termcapital appreciation fromadiversifiedportfolio ofpredominantlyLargeCapandMidCapequityandequity-relatedsecurities.However,thereisnoassurancethattheinvestmentobjectiveoftheschemewillberealized.
edelweiss Mid Cap fund - Theinvestmentobjectiveistoseektogeneratelong-termcapitalappreciationfromaportfoliothatpredominantlyinvestsinequityandequity-relatedsecuritiesofMidCapcompanies.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealized.
edelweiss small Cap fund - Theinvestmentobjectiveoftheschemeistogeneratelongtermcapitalappreciationfromaportfoliothatpredominantlyinvestsinequityandequityrelatedsecuritiesofsmallcapcompanies.However,thereisnoassurancethattheinvestmentobjectiveoftheSchemewillberealizedandtheSchemedoesnotassureorguaranteeanyreturns.
edelweiss Multi-cap fund - TheinvestmentobjectiveoftheSchemeistogeneratelong-termcapitalappreciationfromadiversifiedportfoliothatpredominantlyinvests inequityandequity-relatedsecuritiesofcompaniesacrossvariousmarketcapitalisation.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealized.
edelweiss long term equity fund (tax savings) - TheprimaryobjectiveoftheSchemeistogeneratelong-termcapitalappreciationwithanoptionofperiodicpayoutsattheendoflockinperiodsfromaportfoliothatinvestspredominantlyinequityandequityrelatedinstruments.However,thereisnoassurancethattheinvestmentobjectiveoftheSchemewillberealizedandtheSchemedoesnotassureorguaranteeanyreturns.
Trustee’s Report for the year ended March 31, 2020 (Contd.)
edelweiss aggressive hybrid fund - Theinvestmentobjectiveoftheschemeistogeneratelongtermgrowthofcapitalandcurrentincomethroughaportfolioinvestingpredominantlyinequityandequityrelatedinstrumentsandthebalanceindebtandmoneymarketsecurities.However,thereisnoassurancethattheinvestmentobjectiveoftheSchemewillberealizedandtheSchemedoesnotassureorguaranteeanyreturns.
edelweiss etf - nifty 50 - TheinvestmentobjectiveoftheSchemeistoprovidereturnsbeforeexpensesthatcloselycorrespondtothetotalreturnsoftheNifty50subjecttotrackingerrors.However,thereisnoassurancethattheinvestmentobjectiveoftheschemewillberealizedandtheSchemedoesnotassureorguarantee any returns.
edelweiss etf - nifty Bank - TheinvestmentobjectiveoftheschemeistoprovidereturnsbeforeexpensesthatcloselycorrespondtothetotalreturnsoftheNiftyBankIndexsubjecttotrackingerrors.However,thereisnoassurancethattheinvestmentobjectiveoftheSchemewillberealizedandtheSchemedoesnot assure or guarantee any returns.
edelweiss asean equity off-shore fund - TheprimaryinvestmentobjectiveoftheSchemeistoprovidelongtermcapitalgrowthbyinvestingpredominantlyinJPMorganFunds–ASEANEquityFund,anequityfundwhichinvestsprimarilyincompaniesofcountrieswhicharemembersoftheAssociationofSouthEastAsianNations(ASEAN).However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealized.
edelweiss greater china equity off-shore fund - TheprimaryinvestmentobjectiveoftheSchemeistoprovidelongtermcapitalappreciationbyinvestinginJPMorganFunds-GreaterChinaFund,anequityfundwhichinvestsprimarilyinadiversifiedportfolioofcompaniesthataredomiciledin,orcarryingoutthemainpartoftheireconomicactivityin,acountryofGreaterChinaregion.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealized.
edelweiss europe dynamic equity off-shore fund - TheprimaryinvestmentobjectiveoftheSchemeistoseektoprovidelongtermcapitalgrowthbyinvestingpredominantly in the JPMorganFunds - EuropeDynamicFund,anequity fundwhich investsprimarily inanaggressivelymanagedportfolioofEuropeancompanies.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealized.
edelweiss emerging Markets opportunities equity offshore fund - TheprimaryinvestmentobjectiveoftheSchemeistoseektoprovidelongtermcapitalgrowthbyinvestingpredominantlyintheJPMorganFunds-EmergingMarketsOpportunitiesFund,anequityfundwhichinvestsprimarilyinanaggressivelymanagedportfolioofemergingmarketcompanies.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealized.
edelweiss us value equity off-shore fund - Theprimary investmentobjectiveof theScheme is toseektoprovide longtermcapitalgrowthby investingpredominantlyintheJPMorganFunds-USValueFund,anequityfundwhichinvestsprimarilyinavaluestylebiasedportfolioofUScompanies.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealized.
edelweiss us technology equity fund of fund - Theprimaryinvestmentobjectiveoftheschemeistoseektoprovidelongtermcapitalgrowthbyinvestingpredominantly inJPMorganFunds–USTechnologyFunds,anequity fundwhich investsprimarily inUStechnologycompanieswithstrongfundamentals.However,thereisnoassurancethattheinvestmentobjectiveoftheSchemewillberealizedandtheSchemedoesnotassureorguaranteeanyreturns.
edelweiss Maiden opportunities fund - series 1 - TheinvestmentobjectiveoftheSchemeistoseektoprovidecapitalappreciationbyinvestinginequityandequityrelatedsecuritiesofcompaniesacrossvariousmarketcapitalization,whicharenewinthesector,earlyintheirgrowthstageandarepoisedtobenefitfromtheIndiagrowthstoryinthelong-term.However,thereisnoassurancethattheinvestmentobjectiveoftheSchemewillberealizedandtheSchemedoesnot assure or guarantee any returns.
4. significant accounting policies -AccountingPoliciesare inaccordancewithSecuritiesExchangeBoardof India (MutualFunds)Regulations,1996.
5. unclaiMed dividends and redeMptions - AsonMarch31, 2020,UnclaimedRedemptions amountwasRs. 1,54,25,601.69andUnclaimedDividendwasRs.1,14,56,220.98.
Trustee’s Report for the year ended March 31, 2020 (Contd.)
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2010
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scheme name unclaimed dividend unclaimed redemption
no. of investor amount (Rs.) no. of investor amount (Rs.)
EdelweissMidCapFund 650 3261277.37 44 1945107.49
EdelweissMulti-CapFund 1 502.41 2 38609.4
EdelweissShortTermFund 2 2179.59 0 0
EdelweissUSValueEquityOffshorefund 0 0 1 4355.88
EdelweissFixedMaturityPlanSeries14 0 0 1 221950.5
grand Total 10936 11456220.98 201 15425601.69
6. details of investor coMplaints: AreportonthedetailsofinvestorcomplaintsreceivedbytheFundduringtheyearendedMarch31,2020isannexedheretoasAnnexure–Iandformsan
integralpartofthisReport.
7. disclosures on corporate governance in listed coMpanies: As per the requirements of SEBI Circular No. SEBI/IMD/CIR No. 18/198647/2010 dated March 15, 2010 and subsequent circular(s) thereto with
regard to “Role of Mutual Funds in Corporate Governance of Public Listed Companies”, Edelweiss Asset Management Limited has formulated its“VotingRights Policy”.However,with effect from July 1, 2020 the saidpolicywas supersededby StewardshipCodeand the samewasuploadedon thewebsite. The Voting Policy (https://www.edelweissmf.com/Files/Voting-Rights-Policy-of-Edelweiss-Asset-Management-Limited.pdf), Stewardship Code(https://www.edelweissmf.com/Files/Policy_on_Stewardship_Responsibilities.pdf)anddetailsofactualexerciseofproxyvotesalongwiththesummaryofvotescastandthescrutinizercertificationduringtheFinancialYear2019–2020(https://www.edelweissmf.com/statutory#Proxy-Votes) isavailableon itswebsiteandshallbeconstruedasbeingpartofthefullAnnualReportfortheFinancialYear2019–2020.
8. sTaTuToRy infoRMaTion a) TheSponsor(EdelweissFinancialServicesLimited) isnotresponsibleor liableforanylossresultingfromtheoperationsoftheschemesoftheFund
b) Thepriceandredemptionvalueoftheunits,andincomefromthem,cangoupaswellasdownwithfluctuationsinthemarketvalueofitsunderlyinginvestments.
c) FullAnnualReportshallbedisclosedonthewebsiteoftheFund(www.edelweissmf.com)andshallbeavailableforinspectionattheHeadOfficeoftheMutualFund.PresentandprospectiveunitholderscanobtaincopyoftheTrustDeed,thefullAnnualReportoftheFund/AMCataprice.
** if others include a type of complaint which is more than 10% of overall complaint, provide that reason separately
example : complaint number from i a to iii e is 1000 and others alone is 500 and transmission linked complaints (within others) are 200 then provide transmission as separate reason (v) along with all other parameters
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2012
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independent auditor’s Report
To the Trustees of edelweiss Mutual fund edelweiss long term equity fund (tax savings)
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissLongTermEquityFund(TaxSavings)(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss large Cap fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissLargeCapFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAAEM8291
Place:Bangalore Date:10August2020
independent auditor’s Report (Contd.)
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2014
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independent auditor’s Report (Contd.)
To the Trustees of edelweiss Mutual fund edelweiss aggressive hybrid fund (formerly known as edelweiss Multi asset allocation fund)
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissAggressiveHybridFund(FormerlyknownasEdelweissMultiAssetAllocationFund)(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss Balanced advantage fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissBalancedAdvantageFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAAEK9051
Place:Bangalore Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2016
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independent auditor’s Report (Contd.)
To the Trustees of edelweiss Mutual fund edelweiss arbitrage fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissArbitrageFund(FormerlyknownasEdelweissMultiAssetAllocationFund)(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss eTf - nifTy 50
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissETF-NIFTY50(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAAEI4993
Place:Bangalore Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2018
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independent auditor’s Report (Contd.)
To the Trustees of edelweiss Mutual fund edelweiss etf - nifty Bank
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissETF-NiftyBank(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss etf - nifty 100 Quality 30
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissETF-Nifty100Quality30(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAAEG5637
Place:Bangalore Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2020
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independent auditor’s Report (Contd.)
To the Trustees of edelweiss Mutual fund edelweiss equity savings fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissEquitySavingsFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss Multi-cap fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissMulti-CapFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAAEE7382
Place:Bangalore Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2022
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independent auditor’s Report (Contd.)
To the Trustees of edelweiss Mutual fund edelweiss large & Mid Cap fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissLarge&MidCapFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss Mid Cap fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissMidCapFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAADV4344
Place:Bangalore Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2024
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independent auditor’s Report (Contd.)
To the Trustees of edelweiss Mutual fund edelweiss asean equity off-shore fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissASEANEquityOff-shoreFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss greater china equity off-shore fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissGreaterChinaEquityOff-shoreFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAADS6350
Place:Bangalore Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2026
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independent auditor’s Report (Contd.)
To the Trustees of edelweiss Mutual fund edelweiss europe dynamic equity off-shore fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissEuropeDynamicEquityOff-shoreFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss emerging Markets opportunities equity off-shore fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissEmergingMarketsOpportunitiesEquityOff-shoreFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAADQ2125
Place:Bangalore Date:10August2020
independent auditor’s Report (Contd.)
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2028
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To the Trustees of edelweiss Mutual fund edelweiss us value equity off-shore fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissUSValueEquityOff-shoreFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss Maiden opportunities fund – series 1
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissMaidenOpportunitiesFund–Series1(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
for B s R & associates llp CharteredAccountants Firm’sRegistrationNo:101248W/W-100022
Rohit alexander Partner MembershipNo.222515 UDIN:20222515AAAADO4347
Place:Bangalore Date:10August2020
independent auditor’s Report (Contd.)
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2030
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To the Trustees of edelweiss Mutual fund edelweiss small Cap fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheyearended31March2020andrelatednotesofEdelweissSmallCapFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheyearended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
To the Trustees of edelweiss Mutual fund edelweiss us technology equity fund of fund
report on the abridged financial statementsTheaccompanyingabridgedfinancialstatements,whichcompriseoftheabridgedbalancesheetasat31March2020andtheabridgedrevenueaccountfortheperiodended31March2020andrelatednotesofEdelweissUSTechnologyEquityFundofFund(the‘Scheme’)arederivedfromtheauditedfinancialstatementsoftheSchemefortheperiodended31March,2020.Weexpressedanunmodifiedauditopiniononthosefinancialstatementsinourreportdated10August2020.
Theabridgedfinancialstatementsdonotcontainall thedisclosuresrequiredbytheaccountingprinciplesgenerallyacceptedin India, includingtheaccountingpoliciesandstandardsspecifiedintheNinthScheduletotheSEBIRegulations.Readingtheabridgedfinancialstatements,therefore,isnotasubstituteforreadingtheauditedfinancialstatementsoftheScheme.
responsibilities of Management and those charged with governance for the abridged financial statementsThe Scheme’smanagement, the Board of Directors of Edelweiss Trusteeship Company Limited (the ‘Trustees’) and the Board of Directors of Edelweiss AssetManagementLimited (the ‘AMC’) (collectively referred toas ‘Management’)are responsible for thepreparationof theabridgedfinancial statements fromtheauditedfinancialstatementsoftheSchemepursuanttoRegulation56(1)oftheSEBIRegulations,andinaccordancewiththeformatprescribedbySEBIvidecircularnumberSEBI/IMD/CIRNo.8/132968/2008dated24July2008.
auditor’s responsibilities for the abridged financial statementsOurresponsibilityistoexpressanopinionontheabridgedfinancialstatementsbasedonourprocedures,whichwereconductedinaccordancewithStandardonAuditing(SA)810,“EngagementstoReportonSummaryFinancialStatements”issuedbytheInstituteofCharteredAccountantsofIndia.
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
DirectorSd/-Director
Sd/-Director
Sd/-Director
Rohit alexander Partner Membership Number: 222515
Sd/-Director
Sd/-ChiefExecutiveOfficer
Sd/-FundManager-Equity
Sd/-FundManager-Equity
Place:Bangalore, Date:10August2020
Place:Mumbai Date:10August2020
Place:Mumbai Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2034
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abridged Balance sheet as at March 31, 2020 (Contd.)
edelweiss eQuiTy savings fund
edelweiss Multi-cap fund
edelweiss laRge & Mid Cap fund
edelweiss Mid Cap fund
as at 31.03.2020
as at 31.03.2019
as at 31.03.2020
as at 31.03.2019
as at 31.03.2020
as at 31.03.2019
as at 31.03.2020
as at 31.03.2019
Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs liaBiliTies
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
DirectorSd/-Director
Sd/-Director
Sd/-Director
Rohit alexander Partner Membership Number: 222515
Sd/-Director
Sd/-ChiefExecutiveOfficer
Sd/-FundManager-Equity
Sd/-FundManager-Equity
Place:Bangalore, Date:10August2020
Place:Mumbai Date:10August2020
Place:Mumbai Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2036
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
abridged Balance sheet as at March 31, 2020 (Contd.)
edelweiss us value eQuiTy offshoRe
fund
edelweiss Maiden opportunities fund -
seRies 1
edelweiss sMall Cap fund
edelweiss us TeChnology
eQuiTy fund of fund
as at 31.03.2020
as at 31.03.2019
as at 31.03.2020
as at 31.03.2019
as at 31.03.2020
as at 31.03.2019
as at 31.03.2020
Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs liaBiliTies
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
DirectorSd/-Director
Sd/-Director
Sd/-Director
Rohit alexander Partner Membership Number: 222515
Sd/-Director
Sd/-ChiefExecutiveOfficer
Sd/-FundManager-Equity
Sd/-FundManager-Equity
Place:Bangalore, Date:10August2020
Place:Mumbai Date:10August2020
Place:Mumbai Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2038
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
abridged Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020 (Contd.)
edelweiss aRBiTRage fund
edelweiss etf - nifTy 50
edelweiss etf - nifTy Bank
edelweiss etf - nifTy 100 QualiTy 30
year ended 31.03.2020
year ended 31.03.2019
year ended 31.03.2020
year ended 31.03.2019
year ended 31.03.2020
year ended 31.03.2019
year ended 31.03.2020
year ended 31.03.2019
Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs 1 inCoMe1.1 Dividend 4,016.39 3,563.60 2.68 3.45 0.51 0.41 30.29 7.61 1.2 Interest 8,191.86 10,600.07 0.02 0.03 0.01 0.02 0.51 0.411.3 RealisedGain/(Losses)onForeignExchange
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
DirectorSd/-Director
Sd/-Director
Sd/-Director
Rohit alexander Partner Membership Number: 222515
Sd/-Director
Sd/-ChiefExecutiveOfficer
Sd/-FundManager-Equity
Sd/-FundManager-Equity
Place:Bangalore, Date:10August2020
Place:Mumbai Date:10August2020
Place:Mumbai Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2040
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
abridged Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020 (Contd.)
edelweiss asean eQuitY off-shore
fund
edelweiss gReaTeR china eQuitY off-
shoRe fund
edelweiss euRope dynaMiC eQuiTy offshoRe fund
edelweiss eMeRging MaRkeTs
oppoRTuniTies eQuiTy offshoRe
fundyear ended 31.03.2020
year ended 31.03.2019
year ended 31.03.2020
year ended 31.03.2019
year ended 31.03.2020
year ended 31.03.2019
year ended 31.03.2020
year ended 31.03.2019
Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs 1 inCoMe1.1 Dividend – – – – – – – –1.2 Interest 1.89 2.71 9.44 5.89 2.35 3.65 1.38 1.36 1.3 RealisedGain/(Losses)onForeignExchange
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
As per our attached report of even date. for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
DirectorSd/-Director
Sd/-Director
Sd/-Director
Rohit alexander Partner Membership Number: 222515
Sd/-Director
Sd/-ChiefExecutiveOfficer
Sd/-FundManager-Equity
Sd/-FundManager-Equity
Place:Bangalore, Date:10August2020
Place:Mumbai Date:10August2020
Place:Mumbai Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2042
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
annexure i: aBridged notes to accounts to the aBridged Balance sheet and revenue account for the Year / period
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
2.3 aggregate unrealized gain / loss and percentage to net assets: current year: 2019-2020 (Rs.InLakhs)
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2044
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
2.4 The aggregate value of investments purchased and sold (including redeemed) during the year and these amounts as a percentage of average daily net assets:
current year: 2019-2020 (Rs.InLakhs)
scheme purchase sale purchase as percentage to average daily net
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
2.6 open position of securities borrowed and / or lent by the scheme as of March 31, 2020 is nil.
open position of securities borrowed and / or lent by the scheme as of March 31, 2019 is nil.
2.7 details of npa as of March 31, 2020: nil
details of npa as of March 31, 2019: nil
3. details of transactions with associates in terms of regulation 25(8):
name of associate: a. EdelweissFinancialServicesLimited(formerlyknownasEdelweissCapitalLimited),
b. EdelweissBrokingLimited,
c. EdelweissSecuritiesLimited,
d. EdelweissFinancialAdvisorsLimited(formerlyknownasEdelweissStockBrokingLimited),
e. EdelweissMultiStrategyFundsManagementPrivateLimited.
3.1 securities transaction in the form of investments / disinvestment in various public issues / private placements where the associate was the sole or one of the several lead managers
current year: 2019-2020
scheme lead manager amount (Rs. in Crores) name of issuer
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2046
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
previous year: 2018-2019
scheme lead manager amount (Rs. in Crores) name of issuer
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
3.4 subscription to any issue of equity or debt on private placement basis where the sponsor or its associate companies have acted as arranger or manager during the period under review
current year: 2019-2020 - nil
previous year: 2018-2019
scheme issuer name amount (Rs. in Crores)EdelweissArbitrageFund L&TFinanceLtd. 24.90
4. large holding in the schemes as of March 31, 2020: nil. large holding in the schemes as of March 31, 2019: nil.
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2048
Direct 10 – 3,191,423.000 3,103,042.183 82,862.312 6,211,602.871
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
EdelweissArbitrageFund CoalIndiaLtd.30/04/2020 Short 64,800 125.75 140.50 24.83
EdelweissArbitrageFund ColgatePalmolive(India)Ltd.30/04/2020 Short 23,100 1,128.43 1,248.60 66.36
EdelweissArbitrageFund ContainerCorporationofIndiaLtd.30/04/2020 Short 126,603 290.42 332.60 157.96
EdelweissArbitrageFund CumminsIndiaLtd.30/04/2020 Short 2,700 337.67 328.50 2.24
EdelweissArbitrageFund DaburIndiaLtd.30/04/2020 Short 265,000 399.09 451.40 301.42
EdelweissArbitrageFund Divi’sLaboratoriesLtd.30/04/2020 Short 1,600 1,853.30 1,997.25 8.00
EdelweissArbitrageFund DLFLtd.30/04/2020 Short 270,600 124.53 137.15 134.86
EdelweissArbitrageFund EquitasHoldingsLtd.30/04/2020 Short 73,500 38.76 42.70 16.90
EdelweissArbitrageFund ExideIndustriesLtd.30/04/2020 Short 252,300 131.96 132.00 89.62
EdelweissArbitrageFund GAIL(India)Ltd.30/04/2020 Short 1,109,472 70.72 76.95 362.42
EdelweissArbitrageFund GMRInfrastructureLtd.30/04/2020 Short 2,925,000 15.40 16.35 139.40
EdelweissArbitrageFund GodrejConsumerProductsLtd.30/04/2020 Short 18,400 512.98 524.25 30.00
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2050
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
scheme underlying long / short
Quantity futures price when
purchased (Rs.)
Current price of the contract
(Rs.)
Margin maintained
(Rs. in lakhs)
EdelweissArbitrageFund GrasimIndustriesLtd.30/04/2020 Short 1,538,250 465.80 478.30 2,911.38
EdelweissArbitrageFund HCLTechnologiesLtd.30/04/2020 Short 106,400 429.17 438.55 125.82
EdelweissArbitrageFund HDFCLifeInsuranceCompanyLtd.30/04/2020 Short 34,200 437.29 441.60 65.84
EdelweissArbitrageFund HeroMotoCorpLtd.30/04/2020 Short 21,000 1,797.07 1,599.80 106.67
EdelweissArbitrageFund HindalcoIndustriesLtd.30/04/2020 Short 1,183,000 96.29 95.70 433.76
EdelweissArbitrageFund HindustanPetroleumCorporationLtd.30/04/2020 Short 23,100 181.71 190.90 16.82
EdelweissArbitrageFund HindustanUnileverLtd.30/04/2020 Short 29,700 2,006.71 2,296.25 196.46
EdelweissArbitrageFund Mahindra&MahindraLtd.30/04/2020 Short 189,000 289.04 285.80 170.92
EdelweissArbitrageFund ManappuramFinanceLtd.30/04/2020 Short 138,000 82.36 95.15 68.15
EdelweissArbitrageFund MaricoLtd.30/04/2020 Short 318,500 259.86 274.20 212.49
EdelweissArbitrageFund MarutiSuzukiIndiaLtd.30/04/2020 Short 38,800 5,028.55 4,285.90 621.93
EdelweissArbitrageFund MothersonSumiSystemsLtd.30/04/2020 Short 2,165,000 65.33 61.35 634.94
EdelweissArbitrageFund MRFLtd.30/04/2020 Short 670 59,517.55 57,660.20 114.10
EdelweissArbitrageFund MuthootFinanceLtd.30/04/2020 Short 81,000 587.56 614.10 199.78
EdelweissArbitrageFund NCCLtd.30/04/2020 Short 675,000 19.30 18.85 59.55
EdelweissArbitrageFund NestleIndiaLtd.30/04/2020 Short 4,500 14,160.94 16,339.90 197.56
EdelweissArbitrageFund NMDCLtd.30/04/2020 Short 462,000 64.54 80.40 133.81
EdelweissArbitrageFund Oil&NaturalGasCorporationLtd.30/04/2020 Short 266,500 62.40 68.00 94.87
EdelweissArbitrageFund OilIndiaLtd.30/04/2020 Short 132,561 76.85 83.15 52.30
EdelweissArbitrageFund PetronetLNGLtd.30/04/2020 Short 75,000 195.55 200.70 43.59
EdelweissArbitrageFund PidiliteIndustriesLtd.30/04/2020 Short 64,500 1,302.28 1,354.85 252.32
EdelweissArbitrageFund PowerFinanceCorporationLtd.30/04/2020 Short 6,200 91.70 92.45 1.97
EdelweissArbitrageFund PowerGridCorporationofIndiaLtd.30/04/2020 Short 248,000 150.06 159.60 102.85
EdelweissArbitrageFund RECLtd.30/04/2020 Short 768,000 83.19 89.05 209.40
EdelweissArbitrageFund RelianceIndustriesLtd.30/04/2020 Short 963,500 1,006.00 1,117.95 4,117.60
EdelweissArbitrageFund ShreeCementLtd.30/04/2020 Short 50 17,850.20 17,564.05 2.41
EdelweissArbitrageFund SRFLtd.30/04/2020 Short 118,250 2,728.75 2,794.70 1,136.32
EdelweissArbitrageFund StateBankofIndia30/04/2020 Short 5,010,000 212.75 196.60 3,519.31
EdelweissArbitrageFund SteelAuthorityofIndiaLtd.30/04/2020 Short 2,009,600 22.31 23.05 221.91
EdelweissArbitrageFund SunPharmaceuticalIndustriesLtd.30/04/2020 Short 1,977,500 358.88 351.80 1,949.66
EdelweissArbitrageFund SunTVNetworkLtd.30/04/2020 Short 315,600 305.54 286.50 313.16
EdelweissArbitrageFund TataChemicalsLtd.30/04/2020 Short 28,800 213.96 224.05 18.80
EdelweissArbitrageFund TataConsultancyServicesLtd.30/04/2020 Short 430,500 1,738.04 1,827.45 2,032.65
EdelweissArbitrageFund TataMotorsLtd.30/04/2020 Short 825,600 72.03 71.15 215.23
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2052
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
9.3 other than hedging positions through futures as on March 31, 2020:
scheme underlying long / short
Quantity futures price when purchased
(Rs.)
Current price of the
contract (Rs.)
Margin maintained
(Rs. in lakhs)
Total exposure due to futures (non-hedging positions) as a percentage to
net assetsEdelweissLargeCapFund ICICIBankLtd.30/04/2020 Long 41,250 331.73 323.00 49.91 0.92%EdelweissLargeCapFund KotakMahindraBankLtd.
9.5 hedging position through options as on March 31, 2020: nil
9.6 for the period april 1, 2019 to March 31, 2020, hedging transactions through options which have been squared off / expired: nil
9.7 other than hedging positions through options as on March 31, 2020:
scheme underlying Call / put number of contracts
option price when purchased
(Rs.)
Current option price
(Rs.)
Total exposure through options as a percentage of net
assetsEdelweissBalancedAdvantageFund PUTNIFTY
30/04/20209000Longput 3,538 1,019.01 778.75 1.65%
EdelweissEquitySavingsFund PUTNIFTY30/04/20209000
Longput 80 780.36 778.75 0.58%
EdelweissMaidenOpportunitiesFund-Series1
PUTNIFTY24/06/202110500
Longput 2,057 679.13 1,401.00 7.61%
9.8 for the period april 1, 2019 to March 31, 2020, following non-hedging transactions through options have been squared off / expired:
scheme underlying Call / put Total number of contracts entered into
gross notional value of contracts entered
into (Rs.)
net profit / (loss) value on all contracts (treat premium
paid as loss) (Rs.)
EdelweissBalancedAdvantageFund NIFTY Put 229,092 9,329,669,383 1,731,944,083
EdelweissEquitySavingsFund NIFTY Put 1,944 63,860,680 6,422,510
EdelweissMaidenOpportunitiesFund -Series1
NIFTY Put 667 92,341,148 58,254,634
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
9.9 for the period april 1, 2019 to March 31, 2020 hedging positions through swaps: nil Note:Incaseofderivativetransactionsendofthedaypositiononthedateofsuchtransactionisconsideredasthebasistoassessthenatureoftransactionas
hedge/non-hedge.
10. there was no investment in credit default swaps market in any of the schemes of the Mutual fund during the financial year 2019-20.
11. prior period comparatives PriorPeriodFigureshavebeenreclassifiedwhenevernecessary,toconformtocurrentyear’spresentation.InrespectofEdelweissOvernightFund,BharatBond
12. regrouping of previous Year figures: Duringtheearlierperiods,thetransactionsrelatedtotransferofbalancebetweenunitpremiumreserveandtheretainedsurpluswereinadvertentlyincorrectly
notes to accounts of the abridged Balance sheet as at March 31, 2020 and the Revenue account for the year / period april 1, 2019 / launch date to March 31, 2020
for B s R & associates llp for edelweiss Trusteeship Company limited for edelweiss asset Management limitedChartered AccountantsFirmRegistrationNumber:116231W/W-100024 Sd/-
DirectorSd/-Director
Sd/-Director
Sd/-Director
Rohit alexander Partner Membership Number: 222515
Sd/-Director
Sd/-ChiefExecutiveOfficer
Sd/-FundManager-Equity
Sd/-FundManager-Equity
Place:Bangalore, Date:10August2020
Place:Mumbai Date:10August2020
Place:Mumbai Date:10August2020
Edelweiss Mutual Fund | Equity Schemes - Annual Report 2019-2054
MUTUALFUND
MUTUALFUND
MUTUALFUND
MUTUALFUND
key statistics for the period ended March 31, 2020
edelweiss long terM eQuitY fund (tax saving) year ended 31.03.20 year ended 31.03.19
key statistics for the period ended March 31, 2020 (Contd.)
edelweiss laRge & Mid Cap fund edelweiss europe dYnaMic eQuitY off-shore fund year ended 31.03.20 year ended 31.03.19 year ended 31.03.20 year ended 31.03.19
Regular direct Regular direct Regular direct Regular direct 1. NAVperunit(Rs.):Declared
key statistics for the period ended March 31, 2020 (Contd.)
edelweiss us value eQuitY off-shore fund edelweiss Maiden opportunities fund - series 1 year ended 31.03.20 year ended 31.03.19 year ended 31.03.20 year ended 31.03.19
Regular direct Regular direct Regular direct Regular direct 1. NAVperunit(Rs.):Declared