Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) & Scheme Information Document (SID) of the scheme carefully before investing. Factsheet | December 2010 Edelweiss Absolute Return Fund* (An Open Ended Equity Scheme) *The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns. Presenting..... For more details on Edelweiss Absolute Return Fund please refer page 2 with low volatility • Endeavors to offer consistent returns • A multi-strategy approach
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Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) & Scheme Information Document (SID) of the scheme carefully before investing.
Factsheet | December 2010
Edelweiss Absolute Return Fund*(An Open Ended Equity Scheme)*The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.
Presenting.....
For more details on Edelweiss Absolute Return Fund please refer page 2
with low volatility• Endeavors to offer consistent returns
• A multi-strategy approach
Edelweiss A.R. Fund - Growth 13.33 10.65 4.95 4.64
#CRISIL MIP Blended Index 7.00 8.28 2.51 2.73
S&P CNX Nifty 17.95 26.46 16.17 17.58
**1 Year Since 1 Year Since Inception Inception
Performance of Edelweiss A.R. Fund^As on December 31, 2010 Returns (%) **Volatility in (%)
Past performance may or may not be sustained in future.#Benchmark*Inception Date is August 20, 2009.
^Returns are compounded annualized (CAGR).** Volatility is annualised standard deviation of daily returns.
as on December 31, 2010Portfolio Constituents
Cash & Cash Equivalent
Equity & Equity Related
Money Market Instruments
Edelweiss A.R. Fund is a multi-strategy approach offering returns through equity investments and participation in the corporate events while it endeavors to offer safety because of the following :
Three separate independent strategies present a genuine diversification.
Part of the corpus is invested in low risk strategies such as fixed income and arbitrage.
The equity component is actively hedged.
Low Risk Books • Cash Futures Arbitrage Strategies• Fixed Income
Directional Trading • Managing Equity exposure based on market opportunity• Effective risk mitigation and monitoring processes
Special Situations Various corporate events like:• Open offers • De-listing
EDELWEISS A.R.FUND
What is Edelweiss A.R. Fund ? How do we implement our multi - strategy approach ?The Fund endeavors to provide consistent returns with low volatility by using a combination of three strategies to deliver this low risk profile. These are:
Low Risk Strategies where the Fund invests in fixed income instruments and arbitrage opportunities in cash / stock futures market.
Corporate events where the Fund seeks to take advantage of events such as IPOs, mergers, open offers etc.
Diversified equity portfolio which is monitored and hedged actively.
Risk Factors: Edelweiss Absolute Return Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its future prospects and return. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of `1,00,000/- made by it towards setting up Edelweiss Mutual Fund. Investors are not being offered any guaranteed / assured returns under any scheme of Edelweiss Mutual Fund. The recipient of this material are advised to rely on their own investigations and take their own professional advice.
How should you use Edelweiss A.R. Fund ?
As a core component of a portfolio that seeks returns higher than debt, for investors who are averse to the risk of pure equity products.
When deploying a large lump sum in the Indian equity markets.
When your risk profile or funding needs do not permit too much of capital erosion.
67.30%
13.43%
19.27%
* The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.
Edelweiss Absolute Return Fund(An Open Ended Equity Scheme)(formerly Edelweiss Absolute Return Equity (ARE) Fund). The name of the scheme has changed with effect from Jan 1, 2011
Markets & Beyond....
Glancing back at 2010, there are a few stand-out features. The first is the tightening that began in March with the government first looking to normalize rates and now increasingly tighten as inflation takes center stage. The second is the turmoil in the mutual fund industry that began in August and continued till the end of the year. A third feature, and the least noticed, was the continued improvement in credit quality in India. After several years, credit upgrades outnumbered downgrades significantly.
Going forward, the issues in mutual fund industry seem to have been resolved, credit is likely to improve in 2011, but inflation will continue to be a major issue in 2011. Risk in terms of uncertainty about interest rates is high, risks to to conservative credit positions are low. The risk premium for credit has already started coming down, but there is some juice in that tank as of now.
As a quick recap, at the beginning of 2010, short term rates were extremely low, inflation was beginning to move up but the expectation was that a mixture of a normal monsoon and the base effect would reduce inflation to tolerable levels by the second half of the year.
The monsoon came, and it was a great monsoon, the base effect swung into action, but inflation remained persistently above the levels that pundits had forecast or levels that the RBI is comfortable with. In August/September the RBI definitively declared that it was no longer comfortable with inflation dynamics, but would look to act if inflation did not fall in line by March 2011 – with 6% as the upper bound for inflation. The RBI has set out two milestones now – time and level – if by March 2011, inflation does not fall to around 6%, expect action on the rate front as well as the liquidity front.
Rates incorporate this view (it is a smart active) with longer term rates at levels from which mean reversion has historically taken place over the last few years other than 2008. From here onwards, rates will follow inflation driven data. As an investor we would recommend that conservative investors should look at taking active duration calls only as the inflation picture becomes clear. More aggressive investors could start SIP-ing into long duration funds.
In the meantime waiting at the short end and taking some selective credit calls is a rewarding position.
Many years later a label that will be attached to 2010 will be an ‘Average Year’. The key market indices returned around 16%, close to long term averages, there were no spectacular crashes and consequently, no heart-warming recoveries. Averages, like most statistics rarely tell the complete truth and, if one were to look at the year it was a tale of two dramatic halves with the one consistent feature that overseas investors continued to invest aggressively into India while domestic investors adopted a more cautious approach.
In the first half when India was a shining star, despite the issues in Europe, local confidence was high and steady inflows continued with a business friendly budget providing the final thrust for markets to do well. Despite two corrections in the first half of around 10%, the market was strong. Broader indices did much better than the NIFTY and the Sensex with sectors such as Auto, Banking and select FMCG companies leading the way. Growth consistently surprised on the upside with GDP growth numbers coming in above expectations.
The second half saw a series of changes emerge – scams of every shade and hue broke out, some skeletons from the past, while others were more current. Growth continued to be strong, and the market continued its march upwards. Yet, under the broader behavior of the markets, some changes were stark. Outside the top 50 companies, even large companies in the NIFTY Junior and NIFTY Midcap fared poorly. Within the larger companies, the spread of performance between interest rate sensitive companies and others widened dramatically.
Now as we enter 2011 we believe that the market is building in a limited degree of further tightening, but within the context of a strong growth environment. Typically interest rates impact markets in two ways – they
decrease the value of future cash flows and can also decrease the cash flow itself if tightening goes to the next level. The market has discounted to some degree the first, but not the second – and the appropriateness of that view may well turn out to be the key factor for 2011.
Valuations are above average, though below peak leaves the underlying
economic growth story in India continues to be very strong. The first half of 2011 may be volatile as un-certainty works its way out of the system but in aggregate 2011 will throw up significant opportunity and corrections are likely to be short lived in nature. Investors who want to look at less volatile investment options should consider Absolute Return schemes.
DEBT MARKET OUTLOOK:
EQUITY MARKET OUTLOOK:
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10 year G-Sec yields
-0.5
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1
1.5
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2.5
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NBFC 3M spread over T-bills
05
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n1
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0
5
10
15
20
25
30Nifty P/E
Industry Allocation
As on December 31, 2010
Notes:**Total Exposure to illiquid securities is 0.00% of the portfolio;i.e. `0.00 lakh. Fixed Deposit placed under margin : `250 (in Lakhs). Total Exposure to derivative instruments (excluding reversed positions) as on 31/12/2010 : ` 588.18 (in Lakhs).
ABSOLUTE RETURN Fund*
Edelweiss Absolute Return Fund - Growth
CRISIL MIP Blended Index
Fund Performances VS Benchmark Index
Portfolio
EQUITY & EQUITY RELATED 67.30Listed / awaiting listing on the stock exchanges
Auto
Auto Ancillaries
Banks
Cement
Construction Project
Consumer Non Durables
Diversified
Ferrous Metals
Finance
Tata Motors 2.43Eicher Motors 0.75Maruti Suzuki India 0.43
Igarashi Motors India 0.08
HDFC Bank 3.08ICICI Bank 2.90Axis Bank 1.82State Bank of India 1.43Central Bank of India 1.42Andhra Bank 1.36Bank of Baroda 1.32Oriental Bank of Commerce 0.58IDBI Bank 0.50Indian Bank 0.36Corporation Bank 0.35Syndicate Bank 0.29The Federal Bank 0.29
Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is August 20, 2009. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option only Performance of the dividend option for the investor would be net of the dividend distribution tax, as applicable. Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR). Source: www.mutualfundsindia.com
NAV as on December 31, 2010 ` Per Unit
Growth Option 11.48Dividend Option 11.48
6.00
13.33
10.65
3.89
7.008.28
0
2
4
6
8
10
12
14
6 month 1 Year Since inception
* The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.
(Returns in %)
(formerly Edelweiss Absolute Return Equity (ARE) Fund). The name of the scheme has changed with effect from Jan 1, 2011
0.41%
1.05%
1.15%
1.46%
1.54%
1.69%
1.71%
2.20%
2.25%
2.40%
3.04%
3.80%
3.81%
3.84%
4.39%
5.35%
5.80%
8.58%
9.33%
10.78%
25.44%
Gas
Healthcare Services
Transportation
Auto Ancillaries
Cement
Industrial Capital Goods
Oil
Industrial Products
Trading
Ferrous Metals
Power
Construction Project
Construction
Pharmaceuticals
Diversified
Auto
Finance
Consumer Non Durables
Petroleum Products
Software
Banks
2.00 2.00
Record Date Plan/ Option Name NAV on Retail Corporate
Record Date (`) Dividend Rate (`) Dividend Rate (`)
24/12/2010 Dividend Plan 20.19
Edelweiss ELSS Fund - Growth
S & P CNX Nifty
Industry Allocation
NAV as on December 31, 2010 ` Per Unit
Fund Performances VS Benchmark Index
As on December 31, 2010
Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is December 30, 2008. Since inception returns are calculated on ̀ 10/- invested at inceptionReturns shown above are for Growth Option onlyPerformance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).
Growth Option 20.57 Dividend Option 18.52
ELSS Fund
Notes: Total Exposure to illiquid securities is 0.00% of the portfolio;i.e. `0.00 lakh
EQUITY & EQUITY RELATED 95.86Listed / awaiting listing on the stock exchanges
ICICI Bank 4.86HDFC Bank 3.81Axis Bank 2.53State Bank of India 1.97IDBI Bank 1.61Bank of Baroda 0.97Corporation Bank 0.76The Federal Bank 0.69Canara Bank 0.57Syndicate Bank 0.46Andhra Bank 0.45Indian Bank 0.44Kotak Mahindra Bank 0.33
Dividend is declared on the face value of Rs. 10/- per unit. Dividend will be paid subject to availability of distributable surplus. After payment of dividend the NAV of the dividend option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.
(Returns in %)
14.3115.97
29.46
14.3316.25
29.78
14.3716.29
29.99
15.4717.95
25.12
0
5
10
15
20
25
30
35
6 month 1 Year Since inception
Notes:Total Exposure to illiquid securities is 0.00% of the portfolio;i.e. `0.00 lakh. Fixed Deposit placed under margin : `50 (in Lakhs). Total Exposure to derivative instruments (excluding reversed positions) as on 31/12/2010 : `140.91 (in Lakhs).
EQUITY & EQUITY RELATED 89.94Listed / awaiting listing on the stock exchanges
Auto
Auto Ancillaries
Banks
Cement
Construction Project
Consumer Durables
Consumer Non Durables
Diversified
Tata Motors 3.35Eicher Motors 0.98Maruti Suzuki India 0.21
Bosch 0.77
ICICI Bank 4.75HDFC Bank 4.74Axis Bank 2.16State Bank of India 2.00Bank of Baroda 1.09Canara Bank 0.59Kotak Mahindra Bank 0.57Punjab National Bank 0.18
ACC 0.12
Larsen & Toubro 2.54
Havells India 1.04
Titan Industries 2.29ITC 2.21Nestle India 1.49Dabur India 1.30Shree Renuka Sugars 1.00Asian Paints 0.99United Breweries 0.64Godrej Consumer Products 0.49
Hindustan Unilever 2.46
Name of Instrument % to Net Assets Name of Instrument % to Net Assets Name of Instrument % to Net Assets
As on December 31, 2010(formerly Edelweiss Diversified Growth Equity (E.D.G.E.) Fund)
NAV as on December 31, 2010 ` Per Unit
Plan A - Growth
Plan B - Growth
Plan C - Growth
S & P CNX Nifty
Fund Performances VS Benchmark Index
Plan A - Growth Option 15.18Plan B - Growth Option 15.24Plan C - Growth Option 15.28Plan A - Dividend Option 15.17Plan B - Dividend Option 15.44Plan C - Dividend Option 15.28
Industry Allocation
DIVERSIFIED GROWTH EQUITY TOP 100 (E.D.G.E. Top 100 ) Fund
Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is May 20, 2009. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option only.Performance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR). Source: www.mutualfundsindia.com
0.12%
0.69%
0.85%
0.86%
0.89%
1.00%
1.05%
1.16%
1.85%
2.01%
2.29%
2.74%
2.82%
4.14%
5.04%
9.51%
10.02%
11.55%
11.58%
11.94%
17.89%
Cement
Healthcare Services
Auto Ancillaries
Textiles- Synthetic
Oil
Trading
Power
Consumer Durables
Industrial Capital Goods
Industrial Products
Ferrous Metals
Diversified
Construction Project
-Non Ferrous Metals
Auto
Finance
Petroleum Products
Pharmaceuticals
Consumer Non Durables
Software
Banks
(Returns in %)
Notes:Total Exposure to illiquid securities is 0.00% of the portfolio;i.e. `0.00 lakh.Fixed Deposit placed under margin : `99 (in Lakhs). Total Exposure to derivative instruments (excluding reversed positions) as on 31/12/2010 : `135.58 (in Lakhs).
Portfolio
EQUITY & EQUITY RELATED 71.17
Listed / awaiting listing on the stock exchanges
Auto
Banks
Cement
Construction
Construction Project
Consumer Non Durables
Diversified
Ferrous Metals
Finance
Tata Motors 1.67Mahindra & Mahindra 1.35Bajaj Auto 0.83Maruti Suzuki India 0.75Hero Honda Motors 0.74
ICICI Bank 5.43HDFC Bank 3.37State Bank of India 2.76Axis Bank 1.37Punjab National Bank 0.63Kotak Mahindra Bank 0.38
NAV as on December 31, 2010 ` Per UnitPlan A - Growth Option 13.90Plan B - Growth Option 13.80
@Plan C - Growth Option -Plan A - Dividend Option 12.67Plan B - Dividend Option 13.97Plan C - Dividend Option 12.29
Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. Since inception returns are calculated on ̀ 10/- invested at inceptionReturns shown above are for Growth Option only Performance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR). Source: www.mutualfundsindia.com
Dividend is declared on the face value of Rs. 10/- per unit. Dividend will be paid subject to availability of distributable surplus. After payment of dividend the NAV of the dividend option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.
LIQUID Fund
Sector / Rating Percent
Cash & Cash Equivalent 100.00
Total 100.00
Rating Profile
Dividend History
Asset Allocation
Cash & Cash Equivalent
NAV as on December 31, 2010 ` Per UnitRetail Plan - Dividend Daily Option 10.0000Retail Plan - Dividend Weekly Option^ -Retail Plan - Dividend Monthly OptionRetail Plan - Dividend Fortnightly Option^ -Retail Plan - Growth OptionInstitutional Plan - Growth Option^ -Institutional Plan - Dividend Daily Option^ -
10.0453
11.1809
^ There are no investors under this option
Fund Performances VS Benchmark Index
Retail Plan - Growth
Crisil Liquid Fund Index
Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is September 9, 2008. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option only
Performance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).
Since there are no investors in the Plan as on December 31, 2010, performance data has not been provided.
Source: www.mutualfundsindia.com
5.56 5.50 5.46 5.755.37
4.474.95
7.71 7.46 7.416.78
6.23
5.125.68
0.00
0.01
0.02
0.03
0.04
0.05
0.06
0.07
0.08
0.09
7 days 15 days 30 days 3 months 6 months 1 Year Since Inception
100.00%
(Returns in %)
0.035388 0.035388
0.041045 0.041045
10.0453 0.036662 0.036662
Record Date Plan/ Option Name NAV on Retail Corporate
Record Date (`) Dividend Rate (`) Dividend Rate (`)
Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is July 6, 2009. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option onlyPerformance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).
As on December 31, 2010
GILT Fund
Source: www.mutualfundsindia.com
97.60% 2.40%
All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.
Portfolio
Name of Instrument % to Net Assets
0.046495 0.043334
0.043183 0.040247
0.058065 0.054118
0.051219 0.047737
0.062150 0.057925
0.064467 0.060084
Record Date Plan/ Option Name NAV on Retail Corporate
Record Date (`) Dividend Rate (`) Dividend Rate (`)
Dividend is declared on the face value of Rs. 10/- per unit. Dividend will be paid subject to availability of distributable surplus. After payment of dividend the NAV of the dividend option of the Scheme falls to the extent of thedividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.
Dividend History
Asset Allocation
Money Market Instrument
Fund Performances VS Benchmark Index
Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is September 9, 2008. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option onlyPerformance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).
Source: www.mutualfundsindia.com
As on December 31, 2010(formerly Edelweiss )Short Term Bond Fund
ULTRA SHORT TERM BOND Fund
MONEY MARKET INSTRUMENT 97.60Certificate of Deposit**A1+
Retail Plan - Dividend Daily Option 10.0002Retail Plan - Dividend Weekly Option 10.0045 Retail Plan - Dividend Monthly Option 10.0724 Retail Plan - Dividend Fortnightly Option 10.0150Retail Plan - Growth Option 11.5139Institutional Plan - Dividend Daily Option 10.0011Institutional Plan - Monthly Dividend Option 10.0704Institutional Plan - Weekly Dividend Option 10.0048Institutional Plan - Growth Option 11.5608
Retail Plan - Growth
Institutional Plan - Growth
Crisil Liquid Fund Index
3.08
5.59
6.29
3.10
5.72
6.48
3.14
5.12
5.68
0
0.01
0.02
0.03
0.04
0.05
0.06
0.07
6 months 1 Year Since Inception
Cash & Cash Equivalent
(Returns in %)
Fund Performances VS Benchmark Index (Returns in %)
Asset AllocationSector / Rating Percent
AAA 60.49
AA 30.66
Cash & Equivalent 8.85
Total 100.00
Rating Profile
NAV as on December 31, 2010 ` Per Unit
All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.
Portfolio
Name of Instrument % to Net Assets
Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is February 24, 2010. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option onlyPerformance of the dividend option would be net of the dividend distribution tax, as applicable.Returns shown above are absolute returns as the scheme has not completed one year of exitstance
* Past performance may or may not be sustained in future.
Investment Objective
Type of the scheme
Fund Managers /Co-Fund Managers
Entry Load
Exit Load
Plans / Options
Minimum Investment
Minimum Redemption Amount
Benchmark
Ratios
An Open Ended Equity scheme
An Open Ended Equity scheme
The primary objective of the scheme is to generate l o n g - t e r m c a p i t a l appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments.
An open ended diversified equity scheme that seeks to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates by market capitalization, listed in India
The primary objective of the Scheme will be to generate absolute returns with low volatility over a longer tenure of time. The Scheme will accordingly invest in arbitrage opportunities and debt and money market instruments on the one hand and in pure equity investments and equity derivative strategies on the other.
Edelweiss Diversified Growth
Equity Top 100 (E.D.G.E. Top 100) Fund
Edelweiss Absolute Return
Fund
Edelweiss Nifty Enhancer
Fund
Edelweiss ELSS Fund
Mr. Paul Parampreet Experience: 5 years Managing the scheme since: February 4, 2010
Mr. Gaurav Khandelwal Experience: Overall 6 years Managing the scheme since : June 29, 2010
Mr. Paul Parampreet Experience: 5 years Managing the scheme since: February 4, 2010
Mr. Karthik VisvanathanExperience: Around 4 years Managing the scheme since : June 29, 2010
Mr. Paul Parampreet Experience: 5 years Managing the schemesince: June 29, 2010
Mr. Gaurav Khandelwal Experience: Overall 6 yearsManaging the scheme since inception
Mr. Paul Parampreet Experience: 5 years. Managing the schemesince: February 4, 2010
Mr. Gaurav KhandelwalExperience: Overall 6 years. Managing the scheme since: June 29, 2010
NIL : In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.
Growth and Dividend option Growth and Dividend optionPlan A, Plan B and Plan CGrowth and Dividend option
Minimum of `500/- per application & in multiples of `500/- thereafter
•
• For Edelweiss ELSS Fund, redemption of unit can be made only after
`1/- or any number of units. For demat transactions, minimum redemption would be mandatorily 50 units.
3 years of lock-in period from the date of allotment of the Units
proposed to be redeemed.
Plan A - `1,000/- and multiples of `1/- thereafter Plan B - `1,00,000/- and multiples of `1/- thereafterPlan C - `10,00,000/- and multiples of `1/- thereafter
Minimum of `5000/- per application & in multiples of `1/- thereafter
CRISIL MIP Blended Index#
S&P CNX Nifty
Standard deviation 4.85%Sharpe ratio -2.49Portfolio beta 0.20R squared 0.59Portfolio Turnover Ratio^ 3.60 times
##Total Expense Ratio 1.84%
Standard deviation 17.25%Sharpe ratio 0.84Portfolio beta 1.15R squared 0.93Portfolio Turnover Ratio^ 4.00 times
##Total Expense Ratio Plan A 2.19% Plan B 2.06% Plan C 1.92%
Standard deviation 14.90%Sharpe ratio 3.00Portfolio beta 1.02R squared 0.95Portfolio Turnover Ratio^ 1.16 times
##Total Expense Ratio Plan A 1.28% Plan B 1.26% Plan C 1.29%
Standard deviation 18.63%Sharpe ratio 0.11Portfolio beta 1.22R squared 0.92
Portfolio Turnover Ratio^ 2.99 times
##Total Expense Ratio 2.50%
An Open Ended Equity schemeAn Open Ended Equity Linked Savings scheme
NILNIL
• On or before 365 days from date of allotment : 1%
• After 365 days from the date of allotment : Nil
• On or before 365 days from date of allotment : 1% (w.e.f. 1-Jan-11)
• After 365 days from the date of allotment : Nil (w.e.f. 1-Jan-11)
The primary objective of theF u n d i s t o g e n e r a t e capital appreciation and income distribution by investing in a portfolio t h a t e n d e a v o u r s t o outperform the S & P C N X N i f t y I n d e x .
“Edelweiss Nifty Enhancer Fund” is only the name of the Fund. The scheme is not an Index Fund. The equity stocks/weightages of the equity stocks in t h e s c h e m e Po r t fo l i omay differ vis-à-vis the u n d e r l y i n g s t o c k s o f Nifty Index.
However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.
Equity Schemes December 31, 2010
Risk Free rate considered for the above = 7.91% pa. (10 years G sec bond) Please note: Standard deviation and Sharpe ratio are Annualized.^ Lower of sales or purchase divided by average AUM for last rolling 12 months. ##Current year to date ratio to average AUM. AMC reserves the right to change the expense ratio within the limits prescribed in the respective Scheme Information Document.
AUM (` In Crores) 1.23 18.07 14.62 44.42
Default Option/Plan Default Plan : Plan ADefault Option : Growth
Minimum Additional Investment Amount
`500/- per application & inmultiples of `500/-thereafter
` `1,000/- and in multiples of 1/- thereafter.
For risk factors, please refer the last page
Date of Allotment December 30, 2008 May 20,2009 June 16, 2009 August 20, 2009
Growth Growth
Debt schemes December 31, 2010
Investment Objective
Type of the scheme
Fund Managers
Entry Load
Exit Load
Plans / Options
Minimum Investment
Minimum Redemption Amount
Benchmark
Ratios
Average Maturity
Modified Duration
An Open Ended Gilt scheme An Open Ended Income scheme
The objective of the Scheme is to providereasonable returns, commensurate with moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments.
The investment objective o f t h e s c h e m e i s t o generate income and capital appreciation by investing predominantly in securities issued by the Government ofIndia or State Governments.
Edelweiss Ultra Short Term Bond Fund
(Formerly Edelweiss Short Term Bond Fund)
Edelweiss Income Advantage
Fund
Edelweiss Gilt Fund
Edelweiss Liquid Fund
Mr. Kapil Punjabi Experience: 4 years.Managing the debt/fixed income portion of the portfolio since inception.
Mr. Paul Parampreet Experience: 5 years. Managing the equity portion of the portfoliosince: December 20, 2010.
Mr. Kapil Punjabi Experience: 4 years. Managing the scheme since: December 5, 2009
Mr. Kapil Punjabi Experience: 4 years Managing the scheme since: December 5, 2009
NIL: In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.
0.10% if redeemed before the 8th day of allotment.
Retail, Institutional and Super Institutional PlanGrowth and Dividend option
Growth and Monthly Dividend option
Growth and Dividend option
Retail Plan: `10,000/- & in multiples of `1/- thereafter.Institutional Plan: `1 Crore & in multiples of ̀ 1/- thereafter. Super Institutional Plan: `10 Crores & in multiples of `1/- thereafter.
Retail Plan: `5,000/- and in multiples of `1/- thereafter.Institutional Plan: `1 Crore and inmultiples of `1/- thereafter.
`5,000/- and in multiples of `1/- thereafter.
• Minimum of 50 units & in multiples of 1 unit thereafter or `500 & in multiples of `1/- thereafter.
• For demat transactions, minimum redemption would be mandatorily 50 units.
• In case of the investors/ units holders having available balance less than ` 500/- or less than 50 units in their respective folio on the day
of submission of valid redemption request, for the respective plan, the minimum redemption limit would be the available balance.
I-Sec Composite Gilt Index
##Total Expense Ratio 1.25%
##Total Expense Ratio Retail 0.32%Institutional 0.24%
An Open Ended Debt scheme An Open Ended Liquid scheme
The objective of the Schemeis to provide optimal returns, commensurate with low risk and high degree of liquidity, through a portfolio constituted of money market& s h o r t t e r m d e b t instruments.
The investment objective of the scheme is to generate returns that are consistent with the moderate levels of risk and liquidity through active management of a diversified portfolio constituted of debt and money market instruments, securitized debt, governmentsecurities, and equity & equity related instruments.
Mr. Kapil Punjabi Experience: 4 years. Managing the scheme since: December 5, 2009
NIL• Upto 30 days - 1%
• After 30 days - Nil
Retail and Institutional PlanGrowth and Dividend option
`5,000/- and in multiples of `1/- thereafter.
CRISIL Liquid Fund Index CRISIL MIP Blended Fund Index
However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.
• Upto 7 days - 0.10%
• After 7 days - Nil
0.07 Years
0.06 Years
0.0082 Years
0.0082 Years
10.49 Years
5.77 Years
1.14 Years
0.96 Years
AUM (` In Crores) 0.86 71.83 0.88 15.97
##Current year to date ratio to average AUM. AMC reserves the right to change the expense ratio within the limits prescribed in the respective Scheme Information Document.
Default Option Growth Growth
Minimum Additional Investment Amount ` `1,000/- and in multiples of 1/- thereafter.
Retail Plan: `1,000/- and in multiples of `1/- thereafter.Institutional Plan: `1 Lac and in multiples of `1/- thereafter.
Super Institutional Plan: `10 Lacs and in multiples of `1/- thereafter.
Date of Allotment September 9, 2008 February 24, 2010July 6, 2009
All Mutual Fund and securities investments are subject to market risk and there can be no assurance that the schemes’ objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. The name of the schemes does not in any manner indicate either the quality of the scheme, its future prospects and return. Past performance of the Sponsor and their Affiliates/AMC/Mutual Fund & its Scheme(s) does not indicate the future performance of the Scheme and may not necessarily provide a basis of comparison with other investments. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal and uncertainty of dividend distribution. As the price / value / interest rates of the securities in which the scheme invests fluctuates, the value of your investment in the scheme may go up or down. Investors are not being offered any guaranteed / assured returns under any scheme of Edelweiss Mutual Fund.
“S&P®” and “Standard and Poor's®” are trademarks of the McGraw-hill Companies, Inc. (“S&P”), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. “The Product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P"). Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product. Please read the full Disclaimers in relation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement.”
Edelweiss Mutual Fund is set up as a Trust under the Indian Trusts Act, 1882 by Edelweiss Capital Limited. Sponsor: Edelweiss Capital Limited (ECL)(liability restricted to initial contribution of Rs. 1 Lac).Trustee: Edelweiss Trusteeship Company Limited (ETCL), a Company registered under the Companies Act, 1956 Investment Manager: Edelweiss Asset Management Limited (EAML), a Company registered under the Companies Act, 1956.Copy of the Statement of Additional Information (SAI) / Scheme Information Document (SID) and Key Information Memorandum (KIM) can be obtained from any of our Investor Services Centers as well as from our website www.edelweissmf.com. Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) & Scheme Information Document (SID) of the respective schemes carefully before investing.
: The view of the fund managers should not be construed as advice. Investors must make their own investment decisions based on their specific investment objectives and financial positions and using such AMFI qualified advisors as may be necessary. Opinions expressed in various articles are not necessarily those of Edelweiss Asset Management Limited (EAML) or any of its Directors, Officers, Employees and personnel. Consequently, the Edelweiss Asset Management Limited (EAML) or any of its Directors, Officers, Employees and personnel do not accept any responsibility for the editorial content or its accuracy, completeness or reliability and hereby disclaim any liability with regard to the same.