From the Fund Manager’s desk Ajay Vora Nikhil Ranka Executive Vice President Edelweiss Investment Management Senior Vice President Edelweiss Investment Management Fund Manager, Edelweiss Dynamic Growth Equity [EDGE] Fund* Fund Manager, Edelweiss Dynamic Growth Equity [EDGE] Fund* WILL GROWTH CONTINUE TO SURPRISE? ` Click here for an audible synopsis of the month by our Fund Managers What we said How it played out Our picks “We continue to tilt towards energy for trade as we strongly feel that demand will outpace supply in the interim, with most countries likely to open up in H2CY21.” Nifty Energy returned a healthy 24% for the first six months of the fiscal • Reliance, • Indian Oil • Bharat Petroleum “We are also turning positive on organized real estate players as we see finished inventory falling to 2 years from 3 5 years, coupled with improving affordability and lower interest rates.” Realty turned out to be the show stopper of this semi-annual event returning a hefty 53% from Apr- Sep'21. • Oberoi Realty • DLF “Our picks in the media space also paid off on account of the above-consensus earnings and positive management commentary on the outlook.” We were as sure of the media sector outperforming as the Starks were of the upcoming winter. Evidently, both didn't disappoint, and Nifty Media delivered 35% returns • Zee “We maintained a highly defensive stance and ran a low net long portfolio along with structured hedges to limit any potential downside due to the upcoming FED meeting.” We ran a portfolio with 50% of the market's exposure, expecting a correction in August, which didn't play out the way we anticipated and missed some of the run- up Nifty enjoyed. Though, our opportunistic play in domestic pharma and the reopening trade helped us accumulate returns and remain consistent for the month. September marks six months since the inception of EDGE; let's take a walk down our short but eventful memory lane. Here's a recap of our calls over the last two quarters and how they played out QUICK RECAP!
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Fund Manager, Edelweiss Dynamic Growth Equity [EDGE] Fund*
Fund Manager, Edelweiss Dynamic Growth Equity [EDGE] Fund*
WILL GROWTH CONTINUE TO SURPRISE?
`Click here for an audible synopsis of
the month by our Fund Managers
What we said How it played out Our picks
“We continue to tilt towards energy for tradeas we strongly feel that demand will outpacesupply in the interim, with most countries likelyto open up in H2CY21.”
Nifty Energy returned a healthy24% for the first six months of thefiscal
• Reliance,• Indian Oil• Bharat
Petroleum
“We are also turning positive on organized real
estate players as we see finished inventory
falling to 2 years from 3 5 years, coupled with
improving affordability and lower interest
rates.”
Realty turned out to be the show
stopper of this semi-annual event
returning a hefty 53% from Apr-
Sep'21.
• Oberoi Realty
• DLF
“Our picks in the media space also paid off on
account of the above-consensus earnings and
positive management commentary on the
outlook.”
We were as sure of the media
sector outperforming as the
Starks were of the upcoming
winter. Evidently, both didn't
disappoint, and Nifty Media
delivered 35% returns
• Zee
“We maintained a highly defensive stance andran a low net long portfolio along withstructured hedges to limit any potentialdownside due to the upcoming FED meeting.”
We ran a portfolio with 50% of the market's exposure,expecting a correction in August, which didn't play outthe way we anticipated and missed some of the run-up Nifty enjoyed. Though, our opportunistic play indomestic pharma and the reopening trade helped usaccumulate returns and remain consistent for themonth.
September marks six months since the inception of EDGE; let's take a walk down our short but eventful
memory lane. Here's a recap of our calls over the last two quarters and how they played out
Performance Fee 15% for class A1, A2, A3 | 12.5% for Class A5 (No catch up)
Hurdle Rate 10% pre-tax, post expenses with high water mark
Exit Load 1 % for exit between 0-12 months
Fund Expenses At actuals, capped at 35 bps
Custodian Edelweiss Capital Services Limited
Disclaimer: Edelweiss Dynamic Growth Equity Fund ("the scheme") is Category III Alternative Investment Fund – a scheme of Edelweiss Alternative Strategies Trust having SEBI Registration Number -
IN/AIF3/20-21/0857. Past performance is not an indication of future performance. Investments in the Securities Market are subject to Market Risk. Please read the Private Placement Memorandum (PPM) and
Scheme related documents carefully before investing. For a detailed Disclaimer, please click here
1Consistent returns across market cycles 2
Lock-in returns at regular intervals 3
Limit drawdownsduring extremevolatility
Objectives we’re striving towards
Fund Terms
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AIF Benchmark indices as per benchmarking agency CRISIL – Not Applicable. The Scheme has not completed one year since its inception