Edelweiss Banking and PSU Debt Fund

 
OVERVIEW

Edelweiss Banking and PSU Debt Fund is an open-ended income scheme with an investment objective of the Scheme is to seek to generate income by investing predominantly in a portfolio of Debt Securities and Money Market Instruments issued by banks and PSUs.


However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated.

 

FUND INFORMATION
  • Fund Facts
  • Asset Allocation
  • Options
  • Load Structure
  • Applicable NAV
  • Fees & Expenses

Name: Edelweiss Banking and PSU Debt Fund

Scheme Type: An open-ended income scheme.

Investment Objective: The investment objective of the Scheme is to seek to generate income by investing predominantly in a portfolio of Debt Securities and Money Market Instruments issued by banks and PSUs However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated.

Benchmark Index:CRISIL Short Term Bond Fund Index.

Fund Manager : Mr. Gautam Kaul and Mr. Dhawal Dalal

Asset Allocation
Instruments Indicative Allocation (% of net assets) Risk Profile
Debt Securities and Money Market Instruments issued by banks^ and public sector undertakings 80% - 100% Low to Medium
Debt Securities and Money Market Instruments including Treasury Bills, CBLO, G-Sec, Central and State Government Securities, Units of Debt & Liquid Mutual Fund units 0% - 20% Low

Banks shall include both, scheduled commercial banks, as well as non-scheduled commercial banks.

Plans / Options / Facilities:

The Scheme offers a choice of two Plans:
1. Direct Plan; and
2. Regular Plan

Each Plan offers a choice of three options which are as follow:
1) Growth option
2) Dividend option


Under the Growth option no dividend will be declared.


Under the Dividend option, a dividend may be declared by the Trustee, at its discretion, from time to time (subject to the availability of distributable surplus as calculated in accordance with the SEBI Regulations).


The Dividend option offers:
Payout option;
Reinvestment option;
Weekly reinvestment option;
Fortnightly reinvestment option;
Monthly reinvestment option; or
Monthly payout option.


Minimum Subscription / Redemption amount:

Initial Application Amount Initial Application Amount through SIP Additional Application Amount Amount / No. of Units for Redemption
₹ 5,000/- (Five Thousand Rupees) per application and in multiples of ₹ 1/- (One Rupee) thereafter. 6 installments of Rs. 1000/- (One Thousand Rupees) each and in multiples of ₹ 1/- (One Rupee) thereafter. ₹ 1,000/- (One Thousand Rupees) per application and in multiples of ₹ 1/- (One Rupee) thereafter. ₹ 1,000/- (One Thousand Rupees) or 100 (One Hundred) Units or the account balance, whichever is lower.
Load Structure

Entry Load: Nil

Exit Load: Nil

Applicable NAV

The Cut-off time for the Scheme is 3.00 p.m. , and the Applicable NAV will be as under:

Purchase

  • Where the application is received upto 3.00 pm with a local cheque or demand draft payable at par at the place where it is received, with amount less than Rs. 2 lakhs – closing NAV of the day of receipt of application;
  • Where the application is received after 3.00 pm with a local cheque or demand draft payable at par at the place where it is received, with amount less than Rs.2 lakhs – closing NAV of the next Business Day;
  • Where the application is received with a local cheque or demand draft payable at par at the place where it is received, with amount equal to or more than Rs. 2 lakhs irrespective of the time of receipt of application, the closing NAV of the day on which the funds are available for utilisation shall be applicable.

Applicability of NAV for the Scheme with an amount equal to or more than Rs. 2 lakhs:
a) For allotment of units in respect of purchase in the Scheme, the following needs to be complied with:

  • Application is received before the applicable cut-off time.
  • Funds for the entire amount of subscription/purchase as per the application are credited to the bank account of the respective Scheme before the cut off time.
  • The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the respective Scheme.

b) For allotment of units in respect of switch-in to the Scheme from other schemes, the following needs to be complied with:

  • Application for switch-in is received before the applicable cut-off time.
  • Funds for the entire amount of subscription/purchase as per the switch-in request are credited to the bank account of the respective switch-in Scheme before the cut-off time.
  • The funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the respective switch-in Scheme or Plans or options thereunder.

The above will be applicable only for cheques / demand drafts / payment instruments payable locally in the city in which a Designated Collection Center is located. No outstation cheques will be accepted.

Note: For the avoidance of doubt, where applications are received for an amount of less than Rs. 2 Lakhs (Two Lakh Rupees) on a non-Business Day the closing NAV of the next Business Day shall be applicable.

For Redemption

  • Where the application is received upto 3.00 p.m. - the closing NAV of the day immediately preceding the next Business Day ; and
  • Where the application is received after 3.00 p.m. - the closing NAV of the next Business Day. Note: In case the application is received on a Non-Business Day, it will be considered as if received on the Next Business Day.

For Switches: Valid applications for ‘Switch-out’ shall be treated as applications for Redemption and valid applications for ‘Switch-in’ shall be treated as applications for Purchase, and the provisions of the Cut-off time, Business Day and the Applicable NAV mentioned in the relevant SID as applicable to Purchase and Redemption shall be applied to the ‘Switch-in’ and ‘Switch-out’ applications, respectively.

Fees & Expenses

As per the SEBI Regulations, the maximum recurring expenses including the investment management and advisory fee that can be charged to the scheme shall be subject to a percentage limit of daily net assets as given in the table below. Subject to the SEBI Regulations, expenses over and above the prescribed ceiling will be borne by AMC.

First Rs. 100 Crores* Next Rs. 300 Crores* Next Rs. 300 Crores* Over Rs. 700 Crores*
2.25% 2.00% 1.75% 1.50%

*of the daily net assets

Actual Current Recurring Expenses

This product is suitable for investors who are seeking*:
Riskometer
  • Income over short to medium term.
  • Investment in Debt Securities and Money Market Instruments issued by Banks and PSUs.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal will be at moderate risk
 
 
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