Edelweiss Multi - Asset Allocation Fund

 
OVERVIEW

Edelweiss Multi - Asset Allocation Fund is an open ended scheme investing in Equity, Debt and Gold to generate returns through capital appreciation by investing in diversified portfolio of equity and equity-related securities, fixed income instruments and Gold Exchange Traded Funds.
However, there is no assurance that the investment objective of the Scheme will be realized.


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 Multi - Asset Allocation Fund

Scheme Type: An open ended scheme investing in Equity, Debt and Gold

Investment Objective: The objective of the Scheme is to generate returns through capital appreciation by investing in diversified portfolio of equity and equity-related securities, fixed income instruments and Gold Exchange Traded Funds.
However, there is no assurance that the investment objective of the Scheme will be realized.

Benchmark:50% Nifty 50 Total Return Index and 50% CRISIL Liquid Fund Index

Fund Manager :

Equity Portion : Mr. Bharat Lahoti

Debt Portion : Mr. Gautam Kaul

Asset Allocation

Under normal circumstances, the asset allocation would be:

Asset Class Allocation Indicative Allocations (% of Total Assets) Risk Profile
Equity & Equity related Securities 65% - 80% Medium to High
Gold# 10% - 25% Low to Medium
Debt & Money Market instruments^ 10% - 25% Low to Medium
Units of InvITs/REITs 0%-10% Medium to High

#The Investment in Gold will be done through Gold Exchange Traded Funds (ETF). The scheme should invest minimum 10% of the net assets of the scheme in Gold ETF.

^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,

  • Investment in securitised debt may be up to 25% of net assets of the Scheme.
  • The Scheme can also take derivative exposure upto 55 % 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, Gold ETF, 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.

Subject to the Regulations, the asset allocation pattern indicated above may change from time to time, keeping in view market conditions, market opportunities, applicable regulations and political and economic factors. It must be clearly understood that the percentages stated above can vary substantially depending upon the perception of the Fund Manager, the intention being at all times to seek to protect the interests of the Unit holders. Such changes in the investment pattern will be for short term and defensive considerations.
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: Nil

**Exit Load*: Nil

* No entry load will be charged for purchase / additional purchase / switchin transaction(s) 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.

    Bonus Units and Units issued on reinvestment of dividends shall not be subject to entry and exit load. . The upfront commission shall be paid by the investor directly to the ARN holder based on the investor's assessment of various factors including service rendered by the ARN Holder.
**The entire exit load (net of service tax), charged, if any, shall be credited to the Scheme.
No exit load shall be levied in case of switch of units from Edelweiss Prudent Advantage Fund - Direct Plan to Edelweiss Prudent Advantage Fund.
However, after the switch, exit load under the Scheme prevailing on the date of switch shall apply for subsequent redemptions/switch out from Edelweiss Prudent Advantage Fund.

    AMC reserves the right to revise the load structure from time to time. Such changes will become effective prospectively from the date such changes are incorporated.

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 3.00 p.m. by the Investor Service Centers - closing NAV of the day of receipt of application.
  • In respect of valid applications received after 3.00 p.m. by the Investor Service Centers - 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.
  • In case of ‘switch’ transactions from one scheme to another the allocation shall be in line with redemption payouts.
  • Clauses (a) and (b) shall apply to 'sweep' transactions as if they were purchase transactions and to 'reverse sweep' transactions as if they were repurchase transactions.
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
Schemes Expense Ratio Effect From
Edelweiss Prudent Advantage Fund 2.70% 05-08-2015
Edelweiss Prudent Advantage Fund - Plan B 2.70% 05-08-2015
Edelweiss Prudent Advantage Fund - Direct 2.30% 05-08-2015
 

This product is suitable for investors who are seeking*:
Riskometer
  • to create wealth in the long term
  • Investment in equity and equity-related securities, Debt and Gold
*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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