Edelweiss US Value Equity Offshore Fund

 
OVERVIEW

The Edelweiss US Value Equity Offshore Fund is an Open-ended Fund of Funds Scheme with the primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds-US Value Fund, an equity fund which invests primarily in a value style biased portfolio of US companies.


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 US Value Equity Offshore Fund

Scheme Type: An Open-ended Fund of Funds

Investment Objective:The primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds - US Value Fund, an equity fund which invests primarily in a value style biased portfolio of US companies.

However, there can be no assurance that the investment objective of the Scheme will be realised.

Benchmark Index:Russell 1000 Value Index.
Investors should note that the NAV of the local scheme shall be impacted by the fluctuations in the foreign exchange rates. The currency risk is borne by the investor.

Fund Manager: Mr. Rahul Dedhia and Mr. Gautam Kaul

Asset Allocation

Under normal circumstances, the anticipated asset allocation would be:

Instruments Indicative allocation(% of total assets) Risk Profile
Shares of the Underlying Fund i.e. Edelweiss Funds - US Value Fund* 95% - 100% High
Debt* instruments including government securities and corporate Debt 0% - 5% Low to Medium

*Investors are requested to note that the Shares of Underlying Fund should be considered conceptually similar to the units of a fund.
Plans / Options / Facilities:

The Scheme offers a choice of two plans:

1. Direct Plan;
2. Regular Plan

The Scheme offers Growth option only.

Minimum Subscription / Redemption amount:

Initial Application Amount Additional Application Amount Amount / No. of Units for Redemption
₹ 5,000 /- (Five Thousand Rupees) per application and in multiples of ₹ 1 /- (One Rupee) thereafter ₹ 1,000 /- (One Thousand Rupees) per application and in multiples of ₹ 1 /- (One Rupee) thereafter ₹ 1,000 /- (One Thousand Rupees) or 100 (One Hundred) Units or the account balance, whichever is lower.
Load Structure

Entry Load: Nil


Exit Load:

1.00% — Within 12 (twelve) months from the date of allotment in respect of Purchases made other than through Systematic Investment Plan ("SIP"); and within 12 (twelve) months from the date of allotment in respect of each Purchase made through SIP.

Nil —Beyond 12 (twelve) months from the date of allotment in respect of purchase made through SIP; and if redeemed after 12 months from the date allotment of units of each instalment of SIP purchase.

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 Lakh (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.

Note: In case of applications received on a Non-Business Day the closing 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 JPMorgan Funds – US Value Fund, an equity fund which invests primarily in a value style biased portfolio of US companies.
*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 high risk
 
 
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