Edelweiss Emerging Markets Opportunities Equity Offshore Fund

 
OVERVIEW

Edelweiss Emerging Markets Opportunities Equity Offshore Fund Fund is an open ended fund of fund scheme investing in JPMorgan Funds – Emerging Market Opportunities Fund with the primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds - Emerging Markets Opportunities Fund, an equity fund which invests primarily in an aggressively managed portfolio of emerging market companies.


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 Emerging Markets Opportunities Equity Offshore Fund

Scheme Type: An open ended fund of fund scheme investing in JPMorgan Funds – Emerging Market Opportunities Fund.

Investment Objective:The primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds - Emerging Markets Opportunities Fund, an equity fund which invests primarily in an aggressively managed portfolio of emerging market companies.

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

Benchmark Index: Morgan Stanley Capital International (MSCI) Emerging Markets Index.

Fund Manager:Mr. Rahul Dedhia and Mr. Gautam Kaul

Asset Allocation

Under normal circumstances, the anticipated asset allocation would be:

Instruments Indicative allocation(% of total assets) Risk Profile
Minimum Maximum
Shares of the Underlying Fund i.e. Edelweiss Funds - Emerging Markets Opportunities Fund* 95% 100% High
Money market instruments and / or units of liquid schemes 0% 5% Low to Medium

*Investors are requested to note that the Shares of Underlying Fund should be considered conceptually similar to the units of a fund.

Plans / Options / Facilities:

The Scheme offers a choice of two plans:

1. Direct Plan;
2. Regular Plan

The Scheme offers Growth option only.

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% — If redeemed within 12 months from the date of allotment in respect of purchase made other than through SIP; and If redeemed within 12 months from the date of allotment of units of each installment of SIP purchase

Nil — If redeemed after 12 months from the date of allotment in respect of purchase made other than through SIP; and If redeemed after 12 months from the date of allotment of units of each installment of SIP purchase.

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 Lakh (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.

Note:In case of applications received on a Non-Business Day the closing 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.
  • Investments predominantly in JPMorgan Funds - Emerging Markets Opportunities Funds, an equity oriented fund which invests primarily in an aggressively managed portfolio of emerging market companies.
*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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