Edelweiss Equity Savings Advantage Fund

 
OVERVIEW

Edelweiss Equity Savings Advantage Fund


The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns.

 

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

Name: Edelweiss Equity Savings Advantage Fund

Scheme Type: An open-ended equity scheme.

Investment Objective: The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.
However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the scheme does not assure or garantee any returns.

Benchmark: 70% of CRISIL Liquid Fund Index and 30% in Nifty50.
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.

Equity Portion :
Fund Manager : Mr. Bharat Lahoti and Mr. Hiten Shah
Debt Portion :
Fund Manager : Mr. Dhawal Dalal

Asset Allocation

The Scheme will aim to have a fully hedged portfolio to meet its Investment Objective.


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

Type of Security Indicative Allocation (%of total assets) Risk Profile
A. Equity and equity related instruments 65% - 75% Medium to High
A1. Of which Net Long Equity* 20% - 35% Medium to High
A2. Of which Equity and equity derivatives** ( only arbitrage opportunity)$ 55% - 90% Medium to High
B. Debt Securities and Money Market Instruments#$ 25% - 35% Low to Medium
C. Units of InvITs/REITs^ 0% - 10% Medium to High

* In Edelweiss Equity Savings Advantage Fund unhedged equity exposure shall be limited to 35% of the portfolio value. Unhedged equity exposure means exposure to equity shares alone without a corresponding equity derivative exposure.


**Equity exposure would be completely hedged with corresponding equity derivatives.; the exposure to derivatives shown in the above asset allocation tables is exposure taken against the underlying equity investments and should not be considered for calculating the total asset allocation and / or investment restrictions on the issuer. The idea is not to take additional asset allocation with the use of derivative. The margin money requirement for the purposes of derivative exposure may be held in the form of Term Deposit.


$ Includes investments in derivatives (gross exposure shall not exceed 50% of the asset allocation stipulated above for the relevant instrument category).


# The Scheme may invest in Treasury Bills, Repos & Collateralized Borrowing and Lending Obligations (“CBLO”). The Scheme shall not invest in foreign securities


^The Scheme may invest in units of Infrastructure Investment Trusts and Real Estate Investment Trusts. Not more than 10% of the net assets of the Scheme will be invested in InvITs and REITs and not more than 5% of the net assets of the Scheme will be invested in InvITs and REITs of any single issuer.

Plans / Options / Facilities:

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

Each Plan under the Scheme offers a choice of three options which are as follow:
1) Growth option
2) Dividend option
a. Payout
b. Re-investment

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; n

If the investor does not clearly specify at the time of investing, the choice of option under Dividend, it will be treated as a dividend reinvestment option.


The investors must clearly indicate the option (Growth or Dividend) in the relevant space provided for in the Application Form. In the absence of such instruction, it will be assumed that the investor has opted for the default option, which is the Growth 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 ₹ 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:

  • 5% of the units allotted shall be redeemed without any Exit Load on or before completion of 6 months from the date of allotment of units. Any redemption in excess of such limit within 6 months from the date of allotment shall be subject to the following Exit Load:
    • If redeemed or switched out on or before completion of 6 Months from the date of allotment of units - 1.00%
    • If redeemed or switched out after completion of 6 months from the date of allotment of units – NIL

  • Redemption of units would be done on First in First out Basis (FIFO).

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
  • Income distribution by investing in debt and money market instrument and arbitrage opportunities.
  • Long term capital appreciation by using equity and equity related instruments.
*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 moderately high risk
 
 
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