Edelweiss Government Securities Fund

 
OVERVIEW

Edelweiss Government Securities Fund is an an open ended gilt scheme with an investment objective of the Scheme is to generate income through investment in Securities of various maturities issued and / or created by the Central Government and State Governments of India.


However, there can be no assurance that the investment objectives of the Scheme will be realized.

 

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

Name: Edelweiss Government Securities Fund

Scheme Type: An open ended gilt scheme.

Investment Objective: The investment objective of the Scheme is to generate income through investment in Securities of various maturities issued and / or created by the Central Government and State Governments of India. However, there can be no assurance that the investment objectives of the Scheme will be realized.

Benchmark Index: CRISIL Gilt Index.

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

Asset Allocation
Instruments Indicative allocation(% of total assets) - Min. Indicative allocation(% of total assets) - Max. Risk Profile
Government of India dated Securities / State Government dated Securities / Government of India Treasury Bills / Cash Management Bills of Government of India.* 80 100 Low to Medium
CBLO, cash and cash equivalents and repo / reverse repo in Central Government or State Government Securities. Units of Liquid scheme & units of schemes primarily investing in Government Securities. Debt derivatives# 0 20 Low to Medium
Plans / Options / Facilities:

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

Each Plan offers two options –
1. Growth option and
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; or
Reinvestment option; or
Weekly reinvestment option; or
Fortnightly reinvestment option; or
Monthly reinvestment option; or
Annual reinvestment option; or
Monthly payout option; or
Annual payout option.

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

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.

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
  • Credit risk free returns over medium to long term.
  • Investment in Government Securities.
*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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