Edelweiss Tax Advantage Fund

 
OVERVIEW

Edelweiss Tax Advantage Fund is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit with an investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities.

However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

 

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

Name: Edelweiss Tax Advantage Fund

Scheme Type: An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit.

Investment Objective: The investment objective of the Scheme is to generate income and long-term capital appreciation from a diversifi ed portfolio of predominantly equity and equity-related Securities.
However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Benchmark:S&P BSE 200 TR Index.

Fund Manager : Mr. Harshad Patwardhan

Asset Allocation

Instruments Normal Allocation (% of net Assets) Indicative allocation (% of net assets) Risk Profile
Equity and equity related securities* 95% 80% - 100% Medium to High
Debt and money market instruments 5% 0% - 20% Low to Medium

Plans / Options / Facilities:

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

Each Plan offers two options –
1. Growth option and
2. Dividend option.

The dividend option offers
(a) dividend payout and
(b) Dividend transfer plan

Growth option: Under this option no dividend will be declared.

Dividend option: Under this 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).


Minimum Subscription / Redemption amount

Minimum initial application amount Minimum additional application amount Minimum redemption / no. of Units
` 500 per application and in multiples of `500 thereafter. ` 500 per application and in multiples of ` 500 thereafter. `500 or 50 Units
Load Structure

Entry Load: NIL

Exit Load: NA

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.
*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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