Edelweiss Mid and Small Cap Fund

 
OVERVIEW

Edelweiss Mid and Small Cap Fund
The investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities focused on smaller companies. Generally, the universe will be the companies constituting the bottom fourth by way of market capitalization of stocks listed on the National Stock Exchange or The Bombay Stock Exchange. The fund manager may from time to time include other equity and equity related securities outside the universe to achieve optimal portfolio construction.


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 Mid and Small Cap Fund

Scheme Type: An open ended equity growth scheme.

Investment Objective: The investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities focused on smaller companies. Generally, the universe will be the companies constituting the bottom fourth by way of market capitalization of stocks listed on the National Stock Exchange or The Bombay Stock Exchange. The fund manager may from time to time include other equity and equity related securities outside the universe to achieve optimal portfolio construction.
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.

Benchmark: Nifty Free Float Midcap 100.

Head – Equities : Mr.Harshad Patwardhan
Fund Manager : Mr. Amit Gadgil

Asset Allocation

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 of Smaller Companies* 65% - 100% Medium to High
Equity and equity-related Securities of companies other than Smaller Companies* 0%-35% Medium to High
Debt and money market instruments 0%-35% Low to Medium


* Includes investments in equity and equity related securities issued by domestic companies; including derivatives traded on the Futures and Options segment of Indian stock exchanges not exceeding 50% of the net assets of the Scheme, offshore securities, ADRs and GDRs not exceeding 50% of the net assets of the Scheme. Investment in securitised debt may be made to the extent of 20% of net assets of the Scheme.

 

Plans / Options / Facilities:

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

Under both the plans, the scheme shall offer following options and sub-options –

Option Sub-option
Growth Dividend
Dividend
Dividend Payout
Dividend Re-investment


Minimum Subscription / Redemption amount –

Minimum initial application amount Minimum additional application amount Minimum redemption / no. of Units
₹ 5,000/- per application and in multiples of ₹ 1/- thereof ₹ 1,000/- per application and in multiples of ₹ 1/- thereof ₹ 1,000/- or 100 Units. (The minimum amount balance after Redemption should be Rs 500/- In case the balance falls below ₹ 500/- the units will be automatically redeemed along with the last redemption request.)
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 instalment 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 instalment of SIP purchase.

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.
  • Investments predominantly in equity and equity related securities focused on smaller companies(generally, the universe will be the companies constituting the bottom fourth by way of market capitalization of stocks listed on the National Stock Exchange or Bombay Stock Exchange.)^
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
^The Fund Manager may from time to time include other equity and equity related securities outside the universe to achieve optimal portfolio construction
Investors understand that their principal will be at High risk
 
 
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