Edelweiss Economic Resurgence Fund

 
OVERVIEW

Edelweiss Economic Resurgence Fund

The primary investment objective of the Scheme is to generate long term capital appreciation, from a diversifi ed portfolio that is substantially constituted of equity and equity related securities of companies with focus on riding economic cycles through dynamic allocation between various sectors and stocks at different stages of economic activity. This fund will generally not invest in defensive sectors such as pharmaceuticals, fast moving consumer goods and IT services


However, there can be no assurance that the investment objective of the Scheme will be realised.

 

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

Name: Edelweiss Economic Resurgence Fund

Scheme Type: An Open-ended Equity Scheme

Investment Objective: The primary investment objective of the Scheme is to generate long term capital appreciation, from a diversified portfolio that is substantially constituted of equity and equity related securities of companies with focus on riding economic cycles through dynamic allocation between various sectors and stocks at different stages of economic activity.
However, there can be no assurance that the investment objective of the Scheme will be realized

Benchmark: S&P BSE 200 Index.
The Fund reserves the right to change the benchmark for evaluation of the performance of the Scheme from time to time, subject to SEBI Regulations and other prevailing guidelines if any.

Fund Manager : Mr. Harshad Patwardhan

Asset Allocation

1. Under normal circumstances, it is anticipated that the asset allocation shall be as follows:

Instruments Normal Allocation (%of net assets) Risk Profile
Equity and equity related securities* 80% - 100% High
Debt and money market instrument 0% - 20% Low to Medium

*Includes investment in equity and equity related securities of companies with a focus on riding economic cycles; including derivatives traded on the Futures and Options segment of Indian stock exchanges not exceeding 50% of the net assets of the Scheme. The scheme shall not invest in stock lending, securitized debt, short selling and repo in corporate debt. The scheme shall not invest in offshore securities, ADRs and GDRs. Though the scheme may invest in IDR (Indian Depository Receipt) listed on the stock exchange of India.

 

Plans / Options / Facilities:

The Scheme offers two plans –
1. Regular Plan and
2. Direct Plan.

The investment Portfolio shall be common for both the Plans.
Each Plan offers two options –
1. Growth option
2. Dividend option (with Reinvestment and Payout options)


Minimum Subscription / Redemption amount:

Initial application amount Additional Application Amount Amount / No. of Units for Redemption
₹ 5,000/- (Five Thousand Rupees) per application 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:

  • 1.00% — Within 12 (twelve) months from the date of allotment in respect of Purchase made other than through SIP; and within 12 (twelve) months from the date of allotment in respect of each Purchase made through SIP.
  • Nil — Beyond 12 (twelve) months from the date of allotment

Applicable NAV

For applications for Purchases (along with a local cheque or demand draft payable at par at the place where the application is received / redemptions), accepted during the Ongoing Offer Period at the Designated Collection Centres on a Business Day up to the Cut-off time of the Scheme, the NAV of that day; and


For applications for Purchases (along with a local cheque or demand draft payable at par at the place where the application is received / redemption) accepted during the Ongoing Offer Period at the Designated Collection Centres on a Business Day after the Cut-off time of the Scheme, the NAV of the next Business Day.


Note : In case of applications received on a Non-Business Day the NAV of the next Business Day shall be applicable.

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 the AMC

First Rs. 100 Crores* Next Rs. 300 Crores* Next Rs. 300 Crores* Over Rs. 700 Crores*
2.50% 2.25% 2.00% 1.75%

*of the daily net assets

In addition to the above, a charge of 20 bps on the daily net assets and a proportionate charge in respect of sales beyond T-15 cities subject to maximum of 30 bps on daily net assets will be charged to the scheme.

Service tax on investment and advisory fees will be charged to the Scheme in addition to the maximum limit of TER as prescribed in Regulation 52.

Direct Plan shall have a lower expense ratio excluding distribution expenses and commissions. Any change in the expense ratio will be updated on the website within two working days.

Actual Current Recurring Expenses
 

This product is suitable for investors who are seeking*:
Riskometer
  • Long-term capital growth.
  • Investment in equity and equity-related securities of companies with a focus on riding economic cycles through dynamic allocation between various sectors and stocks at different stages of economic activity.
*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 high risk
 
 
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