Edelweiss Large Cap Fund

 

 
OVERVIEW

Edelweiss Large Cap Fund is an open ended equity scheme predominantly investing in large cap stocks with an investment objective is to seek to generate long-term capital appreciation from a portfolio predominantly consisting equity and equity-related securities of the 100 largest corporate by market capitalisation listed in India. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.


NOTE : To view the Current Expense Ratios and the Applicable Load Structure of the Scheme, click on “Fund Information” tab

 

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

Name: Edelweiss Large Cap Fund

Scheme Type: An open ended equity scheme predominantly investing in large cap stocks

Investment Objective: The investment objective is to seek to generate long-term capital appreciation from a portfolio predominantly consisting equity and equity-related securities of the 100 largest corporate by market capitalisation listed in India. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Benchmark: Nifty 50 TR Index

Fund Manager : Mr. Bharat Lahoti

Asset Allocation

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

Asset Class Allocation Indicative Allocations(%of Total Assets) Risk Profile
Equity & Equity related instruments of Large Cap Companies* by market capitalisation listed in India 80%-100% Medium to High
Equity & Equity related instruments of other companies 0%-20% Medium to High
Debt & Money Market Instruments^ 0%-20% Low to Medium
Units of InvITs/REITs 0%-10% Medium to High

*Large Cap: 1st - 100th company in terms of full market capitalization.

^Money market instruments include Commercial Papers, Commercial Bills, Treasury Bills, Collateralized Borrowing & Lending Obligations (CBLO), government securities having unexpired maturity up to one year, Call or Notice Money, Certificate of Deposits, Usance Bills, Repo (with approved government & Corporate Debt Securities as collateral), and any other like securities as specified by the RBI from time to time.


Further,

  • The investments in securitised debt may be up to 20% of the net assets of the Scheme.
  • The Scheme may take derivative exposure up to 50 % of the net assets of the Scheme. The Scheme may also take exposure into fixed income derivatives within the overall limit of 50% for hedging and portfolio rebalancing purpose.
  • The total exposure related to option premium paid will not exceed 20% of the net assets of the Scheme.
  • The Scheme may engage in Stock Lending. Not more than 20% of the net assets of the Scheme can generally be deployed in stock lending and not more than 5% of the net assets of the Scheme will be deployed in Stock lending to any single counterparty
  • The Scheme may invest in foreign securities up to 50% of the permissible investments of net assets of the Scheme.
  • The Scheme may invest in units of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs). 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.
  • The cumulative gross exposure through equity, debt, derivative, REITs and InvITs positions should not exceed 100% of the net assets of the Scheme. Cash, cash equivalent with residual maturity up to 91 days will be treated as not creating any exposure.

While it is the intention of the Scheme to maintain the maximum/minimum exposure provided in the table above, there may be instances when these percentages may be exceeded on short term defensive considerations. Typically, this may occur while the corpus of the Scheme is small thereby causing diversification issues or there exist no suitable equity and/or equity related opportunities.

The Scheme will rebalance the portfolio within 30 days. Further, at all times, the AMC shall endeavour to ensure that the Portfolio would adhere to the overall Investment objective of the Scheme.
In case the rebalancing is not done within the specified period, justification for the same shall be provided to the Investment Committee and the reason for the same shall be recorded in writing. The Investment Committee shall then decide on the course of action.

 

Plans / Options / Facilities:

The Scheme offers Dividend Option and Growth Option. The Scheme also offers a Direct Plan with Dividend Option and Growth Option only for investors who purchase /subscribe Units of the Scheme directly with the Fund. Dividend option has Reinvestment, Payout & Sweep Facility.

The AMC reserves the right to introduce further Options/Facilities as and when deemed fit.

Default Plan:

Scenario Broker Code mentioned by the investor Plan mentioned by the investor Default Plan to be captured
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan
8 Mentioned Not mentioned Regular Plan

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under Regular/Existing Plan. Edelweiss Asset Management Limited (“the AMC”) shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under Direct Plan from the date of application without any exit load, if applicable.

Default Option:

If the investor does not clearly specify the choice of Option at the time of investing, it will be deemed that the investor has opted for the Growth Option.

Default Facility:

In case, if the investor selects Dividend Option but fails to mention the facility, it will be deemed that the investor has opted for the dividend reinvestment facility. The AMC reserves the right to introduce further Options/Facilities as and when deemed fit.

Minimum Application /Additional Purchase Amount:

Minimum Application Amount Additional Minimum Purchase Amount
₹ 1,000/- and multiples of ₹ 1/- thereafter ₹ 1,000/- and multiples of ₹ 1/- thereafter

Minimum Redemption Amount:

  • Minimum of ₹ 1/- or any number of units.
  • For demat transactions, minimum redemption would be mandatorily 50 units.
Load Structure

Entry Load: Not Applicable

In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009 no entry load will be charged for purchase / additional purchase / switch-in accepted by the Fund. Similarly, no entry load will be charged with respect to applications for registrations under systematic investment plans/ systematic transfer plans accepted by the Fund.

The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor’s assessment of various factors including service rendered by the ARN Holder.

Exit Load*:

  • If the Units are redeemed / switched out on or before 365 days from the date of allotment – 1.00%
  • If the Units are redeemed / switched out on or after 365 days from the date of allotment – Nil

*The entire Exit Load, net of Goods and Service tax, shall be credited to the respective Scheme.

Applicable NAV

“In respect of purchase of units with an 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.

For allotment of units in respect of purchase / switch-in to the Scheme for an amount equal to or more than Rs. 2 lakhs, it shall be ensured that:

  • For allotment of units in respect of purchases in the Scheme, it shall be ensured that the application is received before the applicable cut-off time, the funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the Scheme before the cut-off time and the funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the Scheme.
  • For allotment of units in respect of switch-in to the Scheme from other schemes, it shall be ensured that the application for the switch-in is received before the applicable cut-off time, the funds for the entire amount of subscription / purchase as per the switch-in request are credited to the bank account of the Scheme before the cut-off time and the funds are available for utilization before the cut-off time without availing any credit facility whether intra-day or otherwise, by the Scheme.”

(a) Cut off Timing for Subscriptions :

  Cut Off Time Applicable NAV
Valid Purchase application of less than Rs.2 lacs received at an Investor Service Centre Fund along with a local cheque or a demand draft payable at par at the place where the application is received Upto 3.00 P.M. The closing NAV of the day on which application is received
After 3.00 P.M. The closing NAV of the Next Business Day  of receipt of valid application
Valid Purchase application of Rs.2 lacs or more received at an Investor Service Centre on a Business Day The closing NAV of the Business day on which funds are available for utilization, irrespective of the time of receipt of such application

(b) Cut off Timing for Redemptions:

  • In respect of valid applications received upto 3 p.m. by the Investor Service Center, the closing NAV of the day of receipt of application.
  • In respect of valid applications received after 3 p.m. by the Investor Service Center, closing NAV of the next Business Day shall be applicable.

Note:

  • Valid applications for 'switch-out' shall be treated as applications for Redemption and for 'switch-in' shall be treated as applications for Purchase, and the provisions of the Applicable NAV and cut-off time as mentioned above shall be applied respectively to the 'switch-in' and 'switch-out' applications.
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.

With Additional expenses, incurred towards different heads mentioned under regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the Scheme.

However, such additional expenses will not be charged if exit load is not levied/ not applicable to the Scheme.

Good and 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.

Actual Current Recurring Expenses
Regular Plan, Plan B, Plan C Effect From
On the first 100 crores of the daily net assets 2.50% 05-08-2015
On the next 300 crores of the daily net assets 2.25% 05-08-2015
On the next 300 crores of the daily net assets 2.00% 05-08-2015
On the balance of the net assets 1.75% 05-08-2015

Edelweiss Large Cap Advantage Fund (Formerly known as Edelweiss Top 100 Fund) - Direct Plan shall have a lower expense ratio by 0.75% (Effective Date 12-02-2015)

In addition to the above, additional expenses, upto 0.20 per cent of daily net assets of the Scheme, incurred towards different heads mentioned under Regulation 52(2) and Regulation 52(4) of SEBI Regulations shall be charged.

#Excluding Service Tax on Investment Management Fees, if any

 

This product is suitable for investors who are seeking*:
Riskometer
  • to create wealth in the long term
  • investment predominantly in equity and equity-related securities including equity derivatives of the 100 largest companies by market capitalization, listed in India.
*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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