Edelweiss ETF - Nifty 50
 
OVERVIEW

Edelweiss ETF - Nifty 50 is an open ended scheme tracking Nifty 50 Index which aims to provide returns before expenses that closely correspond to the total returns of the Nifty 50 subject to tracking errors. 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.

 

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

Name: Edelweiss ETF - Nifty 50

Scheme Type: An open ended scheme tracking Nifty 50 Index.

Investment Objective: The investment objective of the Scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty 50 subject to tracking errors.
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 Index
The Trustee reserves the right to change the said benchmark and/or adopt one/more other benchmarks to compare the performance of the Scheme in conformity with the investment objectives and appropriateness of the benchmark subject to SEBI (MF) Regulations, and other prevailing guidelines, if any.

Fund Manager : Mr. Bhavesh Jain
Co-Fund Manager : Mr. Hiten Shah

Asset Allocation

Under normal circumstances, the asset allocation pattern of the Scheme would be as follows:

Asset Class Indicative Allocation (% to net assets) Risk Profile
Stocks constituting Nifty 50 Index 95% to 100% Medium to High
Debt and money market instruments 0% to 5% Low

Exposure to equity derivatives of the index itself or its constituent stocks may be undertaken when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period. The gross position to such derivatives will be restricted to 5% of net assets of the Scheme.

Plans / Options:

The Scheme does not offer any Plans/Options for investment. The AMC/Trustee reserve the right to introduce Plans/Option(s) as may be deemed appropriate at a later date.

Load Structure

The Load Structure would comprise of an Entry Load and /or an Exit Load / CDSC, as may be permissible under the Regulations. The current load structure is stated as under:

Entry Load: NIL

Exit Load*:NIL

*No entry load will be charged for purchase / additional purchase / switch-in transaction(s) accepted by the Fund. 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.

#Investors other than Authorised Participants can redeem units directly with the Fund for less than Creation Unit size at Applicable NAV based prices and no exit load shall be charged for redemption of units if:

  • The traded price of the units of the Scheme is at a discount of more than 3% to the NAV for continuous 30 days; or
  • Discount of bid price to NAV over a period of 7 consecutive days is greater than 3%, or
  • There are no quotes available on the Stock Exchange(s) for 3 consecutive trading days, or
  • Total bid size on the exchange is less than half of Creation Units size daily, averaged over a period of 7 consecutive trading days, or

The exit load charged, if any, shall be credited to the Scheme net of service tax. For any change in load structure AMC will issue an addendum and display it on the website/Investor Service Centres.

The investor is requested to check the prevailing load structure of the Scheme before investing.

Other charges for transactions through Stock Exchange Mode–

The investor shall have to bear costs in the form of bid/ask spread and brokerage and such other costs as charged by his broker for transacting in the units of the Scheme through secondary market.

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 1.5% of 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.


Any change in the expense ratio will be updated on the website within two working days.

Applicable NAV

In case of Purchase / Redemption directly with Mutual Fund:

The Cut-off time for receipt of valid application for Subscriptions and Redemptions is 3.00 p.m. However, as the Scheme is an Exchange Traded Fund, the Subscriptions and Redemptions of Units would be based on the Portfolio Deposit and Cash Component as defined by the Fund for that respective Business Day.


In case of Purchase/Redemption through Stock Exchange(s):

An investor can buy/sell Units on a continuous basis on the NSE & BSE or such other stock exchange where the Scheme shall be listed during the trading hours on all trading days.


Actual Current Recurring Expenses
Schemes Total Expense Ratio Effect from
Edelweiss ETF - Nifty 50 0.07% 01-01-2016


This product is suitable for investors who are seeking*:
Riskometer
  • Long term capital appreciation
  • Investment in securities covered by Nifty 50 Index
*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
 
 
Show