Edelweiss mutual fund common application form with kim

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Edelweiss mutual fund common application form with kim

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Edelweiss mutual fund common application form with kim

  1. 1. KEY INFORMATION MEMORANDUM (KIM) AND COMMON APPLICATION FORM Offer for units at applicable NAV based prices.This KIM can be used for the following Schemes: MUTUAL FUND:Liquid Edelweiss Mutual FundØ Edelweiss Liquid Fund Edelweiss House, Off. C.S.T Road, (An Open-ended Liquid Scheme) Kalina, Mumbai - 400 098 www.edelweissmf.comDebtØ Edelweiss Ultra Short Term Bond Fund (An Open-ended Debt Scheme) TRUSTEE:Ø Edelweiss Gilt Fund Edelweiss Trusteeship Company Limited. (An Open-ended Gilt Scheme) Edelweiss House, Off. C.S.T Road, Kalina, Mumbai - 400 098Ø Edelweiss Monthly Income Plan* (An Open-ended Income Scheme) (Formerly Edelweiss Income Advantage Fund) *Monthly income is not assured and is subject to availability of distributable surplus. SPONSOR: Edelweiss Financial Services Limited.Ø Edelweiss Short Term Income Fund (An Open-ended Income Scheme) Edelweiss House, Off.C.S.T Road, (Formerly Edelweiss Interval Fund - Edelweiss Monthly Interval Fund - Series I, an interval income scheme) Kalina, Mumbai - 400 098 www.edelcap.comEquityØ Edelweiss ELSS Fund (An Open-ended Equity Linked Saving Scheme) INVESTMENT MANAGER:Ø Edelweiss Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund Edelweiss Asset Management Limited. (An Open-ended Equity Scheme) Edelweiss House, Off. C.S.T Road,Ø Edelweiss Nifty Enhancer Fund# Kalina, Mumbai - 400 098 (An Open-ended Equity Scheme)Ø Edelweiss Absolute Return Fund* REGISTRAR: (An Open-ended Equity Scheme) Karvy Computershare Private Limited (*The Scheme is an equity-oriented Scheme. Investors in the Scheme are not being offered any guaranteed / assured returns) Unit - Edelweiss Mutual Fund# Disclaimer for Edelweiss Nifty Enhancer Fund: “S&P®” and “Standard and Poor’s®” are trademarks of the McGraw- ‘Madhura Estates’, Municipal No.1-9/13/C,hill Companies, Inc. (“S&P”), and have been licensed for use by India Index Services & Products Limited in Plot No.13 & 13 C, Survey No.74 & 75,connection with the S&P CNX Nifty Index. “The Product is not sponsored, endorsed, sold or promoted by India Index Madhapur Village, Serilingampally Mandal &Services & Products Limited ("IISL") or Standard & Poors, a division of The McGraw-Hill Companies, Inc. ("S&P"). Municipality, Ranga Reddy District,Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the Product or anymember of the public regarding the advisability of investing in securities generally or in the Product. Please read the Hyderabad – 500 081.full Disclaimers in relation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement." Tel: 040-4030 8000INVESTORS SHOULD NOTE THAT:This Key Information Memorandum (KIM) sets forth the information, which aprospective investor ought to know before investing. For further details of theScheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel,investors’ rights & services, risk factors, penalties & pending litigations etc.investors should, before investment, refer to the Scheme Information Documentand Statement of Additional Information available free of cost at any of theInvestor Serv ice Centers or distributors or from the websitewww.edelweissmf.comThe Scheme particulars have been prepared in accordance with Securities andExchange Board of India (Mutual Funds) Regulations 1996, as amended till date,and filed with Securities and Exchange Board of India (SEBI). The units beingoffered for public subscription have not been approved or disapproved by SEBI,nor has SEBI certified the accuracy or adequacy of this KIM.This KIM is dated August 16, 2011.
  2. 2. EDELWEISS LIQUID FUND & EDELWEISS ULTRA SHORT TERM BOND FUND [FORMERLY EDELWEISS SHORT TERM BOND FUND] Super Minimum of `10 Crore and in Minimum of `10,00,000/- and Institutional Plan multiples of `1/- thereafter. in multiples of `1/- thereafter. INVESTMENT OBJECTIVE MINIMUM REDEMPTION AMOUNTEdelweiss Liquid Fund: The objective of the Scheme is to provide optimal returns, commensurate with low risk • In all plans to a minimum of 50 units & in multiples of 1 unit thereafter or `500/- & in multiples of `1/-and high degree of liquidity, through a portfolio constituted of money market & short term debt instruments. thereafter.However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme • For demat transactions, minimum redemption would be mandatorily 50 units.does not assure or guarantee any returns. • In case of the investors/ units holders having available balance less than `500/- or less than 50 units in theirEdelweiss Ultra Short Term Bond Fund: The objective of the Scheme is to provide reasonable returns, respective folio on the day of submission of valid redemption request, for the respective plan, the minimumcommensurate with moderate level of risk and high degree of liquidity, through a portfolio constituted of money redemption limit would be the available balance.market and debt instruments. However, there is no assurance that the investment objective of the Scheme willbe realized and the Scheme does not assure or guarantee any returns. Edelweiss Ultra Short Term Bond Fund: ASSET ALLOCATION PATTERN Particulars Purchase Additional PurchaseEdelweiss Liquid Fund: Retail Plan Minimum of `5,000/- and in Minimum of `1,000/- and inThe Asset Allocation pattern of the Scheme under normal circumstances is as under: multiples of `1/- thereafter. multiples of `1/- thereafter.Instruments Indicative allocation (% of total assets) Risk Profile Institutional Plan Minimum of `90 Lakhs and in Minimum of `1,00,000/- and Min. Max. multiples of `1/- thereafter. in multiples of `1/- thereafter.Money Market Instruments 0% 100% Low MINIMUM REDEMPTION AMOUNTDebt instruments including securitized debts 0% 50% Low to Medium • In all plans to a minimum of 50 units & in multiples of 1 unit thereafter or `500/- & in multiples of `1/-The investments in securitised debt papers including Pass through Certificates (PTCs) may be made upto 35% thereafter.of the net assets of the scheme. The Scheme can also take derivative exposure upto 50% of the net assets of the • For demat transactions, minimum redemption would be mandatorily 50 units.Scheme. The Scheme may engage in Stock Lending. Not more than 25% of the net assets of the Scheme can • In case of the investors/ units holders having available balance less than `500/- or less than 50 units in theirgenerally be deployed in stock lending and not more than 5% of the Scheme will be deployed in Stock lending to respective folio on the day of submission of valid redemption request, for the respective plan, the minimumany single counterparty. redemption limit would be the available balance.The cumulative gross exposure through debt and derivative positions will not exceed 100% of the net assets of BENCHMARK INDEXthe Scheme. However, cash or cash equivalents with residual maturity of less than 91 days may be treated asnot creating any exposure. CRISIL Liquid Fund IndexThe total exposure related to option premium paid will not exceed 20% of the net assets of the Scheme. The fund reserves the right to change the benchmark for evaluation of the performance of the Scheme from time to time, subject to SEBI Regulations and other prevailing guidelines if any.The Scheme may enter into plain vanilla interest rate swaps for hedging purposes. Exposure to a singlecounterparty in such transactions will not exceed 10% of the net assets of the Scheme. NAME OF THE FUND MANAGERNotes# Mr. Kapil Punjabi(i) The Liquid Scheme shall make investment in/purchase debt and money market securities with maturity of PERFORMANCE OF THE SCHEME upto 91 days only. Edelweiss Liquid Fund(ii) In case of securities with put and call options (daily or otherwise) the residual maturity shall not be greater Returns as on July 29, 2011 Scheme Benchmark than 91 days. Returns%^ Returns %#(#For details on Explanatory notes please read SID) Returns for the last 1 yearEdelweiss Ultra Short Term Bond Fund: Retail Plan - Growth 6.70 7.32The Asset Allocation pattern of the Scheme under normal circumstances is as under: Institutional Plan - Growth^ N.A. N.A.Instruments Indicative allocation (% of total assets) Risk Profile Super Institutional Plan - Growth* N.A. N.A. Min. Max. Scheme Returns Since Inception@Money Market Instruments* 0% 100% Low Retail Plan - Growth 5.47 6.12Debt instruments including securitized debts 0% 100% Low to Medium Institutional Plan - Growth^ 8.34 7.80The investments in securitised debt papers including Pass through Certificates (PTCs) may be made upto 50% Super Institutional Plan - Growth* N.A. N.A.of the net assets of the Scheme. The Scheme can also take derivative exposure upto 100% of the net assets of #CRISIL Liquid Fund Indexthe Scheme. The Scheme may engage in Stock Lending. Not more than 25% of the net assets of the Scheme ^There are no investor under this Plan prior to February 2, 2011. Hence the returns for 1 year is not provided.can generally be deployed in stock lending and not more than 5% of the Scheme will be deployed in Stock *Since there are no investors as on March 31, 2011, the performance figures have not been provided.lending to any single counterparty. Further the scheme may invest in Foreign Securities upto 35% of net assets Returns shown above are Compounded Annualized Returns (CAGR).of the Scheme. @Inception Date for Retail Plan – Growth: September 9, 2008 and Institutional Plan – Growth: February 2, 2011.The cumulative gross exposure through debt and derivative positions will not exceed 100% of the net assets ofthe Scheme. However, cash or cash equivalents with residual maturity of less than 91 days may be treated as Absolute return for each financial year ^not creating any exposure. 10 8.51The total exposure related to option premium paid will not exceed 20% of the net assets of the Scheme. 8 7.68 6.21The Scheme may enter into plain vanilla interest rate swaps for hedging purposes. Exposure to a single 6 4.86 5.18 5.34counterparty in such transactions will not exceed 10% of the net assets of the Scheme. 4 3.69 2.84*Money Market Instruments include CPs, commercial bills, Corporate Debts, T-Bills, and Governmentsecurities having an unexpired maturity upto one year, CDs, usance bills, CBLOs, Repo/ Reverse Repo and any 2other like instruments having a maturity of 1 year or less, as specified by the RBI from time to time. 0 INVESTMENT STRATEGY OF THE SCHEME 2008-2009 2009-2010 2010-2011 #Edelweiss Liquid Fund: Retail Plan - Growth returns % Benchmark returns %For the purpose of achieving the investment objective, the Scheme will invest in a portfolio of Debt and Money Institutional Plan - Growth returns % Benchmark returns % # (Inception date Feb 2, 2011)Market securities with the objective to provide optimal returns commensurate with low risk and high degree of (Inception date Feb 2, 2011)liquidityThe Scheme may invest in listed/unlisted and/or rated/unrated debt or money market instruments/securities, ^ Past performance may or may not be sustained in the future. The above information is not necessarilysecurities issued/ guaranteed by the Central/State Governments, securities issued by public/private sector indicative of future results and may not necessarily provide a basis for comparison with other investments.companies/corporations, short term deposits with banks like Fixed Deposits, financial institutions and/or money Performance of the Dividend Option for the investor would be net of the applicable dividend distribution tax.market instruments such as commercial paper, certificates of deposit, permitted securities under a reverse-repo EDELWEISS ULTRA SHORT TERM BOND FUNDagreement, securitized debt, etc. Returns as on July 29, 2011 Scheme BenchmarkEdelweiss Ultra Short Term Bond Fund: Returns%^ Returns %#For the purpose of achieving the investment objective, the Scheme will invest in a portfolio of Debt and Money Returns for the last 1 yearMarket securities with the objective to provide optimal returns commensurate with moderate risk and high Retail Plan - Growth 7.62 7.36degree of liquidity.The Scheme may invest in listed/unlisted and/or rated/unrated debt or money market instruments/securities, Institutional Plan - Growth 7.92 7.36securities issued/ guaranteed by the Central/State Governments, securities issued by public/private sector Scheme Returns Since Inception@companies/corporations, short term deposits with banks like Fixed Deposits, financial institutions and/or money Retail Plan - Growth 6.74 6.14market instruments such as commercial paper, certificates of deposit, permitted securities under a reverse-repoagreement, securitized debt, etc. Institutional Plan - Growth 6.98 6.14 RISK PROFILE @ Inception Date is deemed to the date of allotment i.e. September 9, 2008Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SAI and # CRISIL Liquid Fund Indexrespective SID carefully for details on risk factors and other details before investment. Investment in Liquid & Returns shown above are Compounded Annualized Returns (CAGR).Ultra Short Term Bond Fund will involve certain Scheme specific Risk Factors apart from the General Risksmentioned in SAI which are summarized below: Absolute return for each financial year ^ 7 6.58 6.39 6.21(i) Risk associated with investments in Fixed Income and Money Market Instruments which involve Interest 6 rate risk, Spread risk, Credit risk or default risk, Liquidity & Settlement Risk, Reinvestment risk, 5.24 5.14 5.18 5.23 4.99 Performance Risk, Prepayment Risk, Market risk etc. 5 4 3.69(ii) Risk associated with investments in Derivatives which involve Credit Risk, Illiquidity Risk etc. 3(iii) Risk associated with investments in Stock Lending consists of the failure of another party, to comply with 2 the terms of agreement entered into. There can be a loss in such a transaction if the price of the security 1 goes up instead of falling down. 0(iv) Scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage backed securities (MBS) which involves risks like Prepayment Risk, Market risk etc. 2008-2009 2009-2010 2010-2011 #(v) In case of Ultra Short Term Bond Fund, as it invests in Foreign Securities there can be additional risk such Institutional Plan - Growth returns % Benchmark returns% as Currency Risk, Political risk etc. Retail Plan - Growth returns % PLANS AND OPTIONS ^ Past performance may or may not be sustained in the future. The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Edelweiss Liquid Fund: The Scheme has three plans viz. Retail Plan, Institutional Plan and Super Institutional Performance of the Dividend Option for the investor would be net of the applicable dividend distribution tax.Plan with a common portfolio. Each Plan has Dividend and Growth Option. Dividend option has Daily, Weekly,Fortnightly & Monthly Reinvestment, Monthly Payout* & Monthly Sweep Facility. Default Plan / Option: Retail EXPENSES OF THE SCHEMEPlan/Dividend Option /Daily Dividend Reinvestment Facility. (I) LOAD STRUCTURE:Edelweiss Ultra Short Term Bond Fund: The Scheme has two plans viz. Retail Plan & Institutional Plan with acommon portfolio. Each Plan has Dividend and Growth Option. Dividend option has Daily, Weekly, Fortnightly & Entry Load: Nil.Monthly Reinvestment, Monthly Payout Facility* & Monthly Sweep Facility. Default Plan/ Option: Retail Exit LoadPlan/Dividend Option /Daily Dividend Reinvestment Facility. Edelweiss Liquid Fund: Nil* If the Dividend under Payout option is less than or equal to `100 then it will be by default reinvested. Edelweiss Ultra Short Term Bond Fund: If the units are redeemed/ switched-out on or before 2 days from the MINIMUM APPLICATION/ ADDITIONAL PURCHASE / REDEMPTION AMOUNT date of allotment: 0.10%. If the units are redeemed/ switched-out after 2 days from the date of allotment: Nil.Edelweiss Liquid Fund: Also please refer paragraph on "Load Structure" under the section "INFORMATION COMMON TO ALLParticulars Purchase Additional SCHEMES" Purchase (II) RECURRING EXPENSES:Retail Plan Minimum of `10, 000/- and in Minimum of `1,000/- and in As per the SEBI Regulations, the maximum recurring expenses including the investment management and multiples of `1/- thereafter. multiples of `1/- thereafter. advisory fee that can be charged to the Scheme shall be subject to a percentage limit of average weekly netInstitutional Minimum of `90 Lakhs and in Minimum of `1,00,000/- and assets as given in the table below. Subject to the SEBI Regulations, expenses over and above the prescribedPlan multiples of `1/- thereafter. in multiples of `1/- thereafter. ceiling will be borne by AMC.
  3. 3. First `100 Crores* Next `300 Crores* Next `300 Crores* Over `700 Crores* Absolute return for each financial year ^ 2.25% 2.00% 1.75% 1.50% 7 6.41*of the average weekly net assets 6 5.17(III) ACTUAL EXPENSES FOR THE FINANCIAL YEAR 2010-2011 5 Edelweiss Edelweiss Ultra Short 4 Liquid Fund Term Bond Fund 3 Retail Institutional Super- Institutional Retail Institutional 2 1.82 1.83 Total Expense as % of 0.84 0.26 0.13 0.42 0.24 1 Average AUM (planwise) 0 2009-2010 2010-2011 # Edelweiss Gilt Fund–Growth returns % Benchmark returns % EDELWEISS GILT FUND ^ Past performance may or may not be sustained in the future. The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. Performance of the Dividend Option for the investor would be net of the applicable dividend distribution tax. INVESTMENT OBJECTIVEThe investment objective of the Scheme is to generate income and capital appreciation by investing EXPENSES OF THE SCHEMEpredominantly in securities issued by the Government of India or State Governments. However, there is no (I) LOAD STRUCTURE:assurance that the investment objective of the Scheme will be realized and the Scheme does not assure orguarantee any returns. Entry Load: Nil. ASSET ALLOCATION PATTERN Exit Load: The Asset Allocation pattern of the Scheme under normal circumstances is as under: Upto 90 days - 0.50%Instruments Indicative allocation (% of total assets) Risk Profile Above 90 days - Nil Min. Max. Also please refer paragraph on "Load Structure" under the section "INFORMATION COMMON TO ALL SCHEMES"Government Securities 65% 100% Sovereign (II) RECURRING EXPENSES:Debt and Money Market Instrument* 0% 35% Low As per the SEBI Regulations, the maximum recurring expenses including the investment management and*Money Market Instruments include CPs, CDs, Corporate Debts, T-Bills, and Government securities with an advisory fee that can be charged to the Scheme shall be subject to a percentage limit of average weekly netunexpired maturity upto one year, commercial bills, usance bills, CBLOs, Repo/ Reverse Repo and any other assets as given in the table below. Subject to the SEBI Regulations, expenses over and above the prescribedlike instruments with a maturity of upto 1 year or less, as specified by the RBI from time to time. ceiling will be borne by AMC.While it is the intention of the Scheme to maintain the maximum exposure guidelines provided in the table First `100 Crores* Next `300 Crores* Next `300 Crores* Over `700 Crores*above, there may be instances when these percentages may be exceeded. 2.25% 2.00% 1.75% 1.50%Further, *Of the average weekly net assets.• The Scheme can also take derivative exposure upto 100% of the net assets of the Scheme. (III) ACTUAL EXPENSES FOR THE FINANCIAL YEAR 2010-2011• The cumulative gross exposure through debt and derivative positions will not exceed 100% of the net assets of the Scheme. However, cash or cash equivalents with residual maturity of less than 91 days may Edelweiss Gilt Fund be treated as not creating any exposure. Total Expense as % of 1.10• The total exposure related to option premium paid will not exceed 20% of the net assets of the Scheme. Average AUM (planwise)• The Scheme may enter into plain vanilla interest rate swaps for hedging purposes. Exposure to a single counterparty in such transactions will not exceed 10% of the net assets of the Scheme.• The investments in securitised debt papers including Pass through Certificates (PTCs) may be made upto 35% of the net assets of the Scheme.• The Scheme may invest in Foreign Securities upto 35% of the Permissible Investments of net assets of the Scheme. EDELWEISS MONTHLY INCOME PLAN• The Scheme may engage in Stock Lending. Not more than 25% of the net assets of the Scheme can [FORMERLY EDELWEISS INCOME ADVANTAGE FUND] generally be deployed in stock lending and not more than 5% of the Scheme will be deployed in Stock lending to any single counterparty. INVESTMENT OBJECTIVE INVESTMENT STRATEGY OF THE SCHEME The investment objective of the Scheme is to generate returns that are consistent with the moderate levels ofFor the purpose of achieving the investment objective, the Scheme will generate income and capital risk and liquidity through active management of a diversified portfolio constituted of debt and money marketappreciation by investing in securities issued by the Government of India or State governments, Central instruments, securitized debt, government securities, and equity & equity related instruments. However, there isGovernment/State Government guaranteed securities along with debt and money market instruments. no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure orInvestments may also be made in the repo market or in an alternative investment of similar risk profile. guarantee any returns.Since the Fund intends to invest across Gilt Securities of various maturities without limiting itself to a particular ASSET ALLOCATION PATTERNsegment of Yield curve, the duration of the Scheme will change taking in view the economic conditions. The Asset Allocation pattern of the Scheme under normal circumstances is as under: RISK PROFILE Asset Class Allocation (% of Corpus) Risk ProfileMutual Fund Units involve investment risks including the possible loss of principal. Please read the Scheme Debt* & Money Market Instruments 70% to 100% Low to MediumInformation Document carefully for details on risk factors before investment. Investment in Edelweiss Gilt Fundwill involve certain Scheme specific risk factors apart from the general risks mentioned in SAI which are Equity & Equity Related Instruments 0% to 30% Highsummarized below: *Investments in securitised papers including Pass through Certificates (PTCs) may be made up to 50% of the(i) Risk associated with investments in Fixed Income and Money Market Instruments which involves Price/ net assets of the Scheme. Interest rate Risk, Spread Risk, Sovereign Risk, Credit Risk or Default Risk, Liquidity & Settlement Risk, Further, Reinvestment Risk, Performance Risk, Prepayment Risk, Market Risk etc. • The Scheme can also take derivative exposure up to 100 % of the net assets of the Scheme, by investing upto(ii) Risk associated with investments in Derivatives which involve Credit Risk, Illiquidity Risk etc. 70% in Debt Derivative instruments & 30% in Equity Derivative instruments. The exposure to Derivatives(iii) Risk associated with investments in Stock Lending consists of the failure of another party, to comply with the mentioned as a percentage to the Net Assets means Gross Notional Exposure. Derivatives shall be used terms of agreement entered into.There can be a loss in such a transaction if the price of the security goes up only for the purpose of portfolio balancing and hedging. instead of falling down. • The cumulative gross exposure through equity, debt and derivative positions will not exceed 100% of the net(iv) Scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage assets of the Scheme. However, cash or cash equivalents with residual maturity of less than 91 days may be backed securities (MBS) which involves risks like Prepayment Risk, Market Risk etc. treated as not creating any exposure.(v) Scheme may invest in Foreign Securities there can be additional risk such as Currency Risk, Political risk • The total exposure related to option premium paid will not exceed 20% of the net assets of the scheme. etc. • The Scheme may enter into plain vanilla interest rate swaps for hedging purposes. Exposure to a single PLANS AND OPTIONS counterparty in such transactions will not exceed 10% of the net assets of the scheme.The Scheme has a Single Plan with Dividend and Growth Option. Dividend Option has Reinvestment, Payout & • The Scheme may engage in Stock Lending. Not more than 25% of the net assets of the Scheme canSweep Facility. In case, if the investor fails to mention the Option at the time of investing, it will be deemed that generally be deployed in stock lending and not more than 5% of the net assets of the Scheme will bethe investor has opted for Growth Option. In case, if the investor selects Dividend Option but fails to mention deployed in Stock lending to any single counterparty.facility, it will be deemed that the investor has opted for Dividend Reinvestment Facility. • The Scheme may invest in Foreign Securities up to 50% of the Permissible Investments of net assets of theNote: If the Dividend under Payout option is less than or equal to `100/- then it will be by default Reinvested. Scheme. MINIMUM APPLICATION/ ADDITIONAL PURCHASE / REDEMPTION AMOUNT INVESTMENT STRATEGY OF THE SCHEMEPurchase Additional Purchase The investment strategy would be to invest in instruments that generate consistently superior yields atMinimum of `5,000/- and in Minimum of `1,000/- and in low/moderate levels of risk.multiples of `1/- thereafter. multiples of `1/- thereafter. The fund will be investing in companies with strong financials, credible management and efficient business model. The fund will keep the flexibility to invest across the tenors (in both short tenor and long tenor debtMINIMUM REDEMPTION AMOUNT instruments).• In all plans to a minimum of 50 units & in multiples of 1 unit thereafter or `500/- & in multiples of `1/- It will also allocate some proportion of assets in equity & equity related instruments to generate high returns with thereafter. moderate levels of risk and liquidity.• For demat transactions, minimum redemption would be mandatorily 50 units. RISK PROFILE• In case of the investors/ units holders having available balance less than `500/- or less than 50 units in their Mutual Fund Units involve investment risks including the possible loss of principal. Please read the Scheme respective folio on the day of submission of valid redemption request, for the respective plan, the minimum Information Document carefully for details on risk factors before investment. Investment in Edelweiss Monthly redemption limit would be the available balance. Income Plan will involve certain scheme specific risk factors apart from the general risks mentioned in SAI which BENCHMARK INDEX are summarized below:I-Sec Composite Gilt Index (I) Risk associated with investments in Fixed Income and Money Market Instruments which involvesThe fund reserves the right to change the benchmark for evaluation of the performance of the Scheme from time Price/Interest rate Risk, Spread Risk, Sovereign Risk, Credit Risk or Default Risk, Liquidity & Settlementto time, subject to SEBI Regulations and other prevailing guidelines, if any. Risk, Reinvestment Risk, Performance Risk, Prepayment Risk, Market Risk etc. NAME OF THE FUND MANAGER (ii) Risk associated with investments in Derivatives which involve Credit Risk, Illiquidity Risk etc.Mr. Kapil Punjabi (iii) Scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage PERFORMANCE OF THE SCHEME backed securities (MBS) which involves risks like Prepayment Risk, Market Risk etc.Edelweiss Gilt Fund Equity And Equity Related Instruments: The value of the Scheme’s investments may be affected generally by factors, such as price and volume volatility in the capital markets, Settlement periods, liquidity risk or Returns as on July 29, 2011 Scheme Benchmark execution risk or redemption risk or the risk of NAV going below par value. Returns%^ Returns %# Derivatives: Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Identification and execution of the strategies to be pursued by the fund Returns for the last 1 year manager involve uncertainty and decision of fund manager may not always be profitable. The risks associated Growth Option 4.35 5.44 with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Scheme Returns Since Inception@ ADRs/GDRs and Foreign Securities: Subject to necessary approvals and within the investment objective of Growth Option 3.47 4.33 the Scheme, the Scheme may invest in overseas markets which carry risks related to fluctuations in the foreign exchange rates, the nature of the securities market of the country, repatriation of capital due to exchange@Inception date is deemed to be the allotment date i.e. July 6, 2009. controls and political circumstances# I-Sec Composite Gilt IndexReturns shown above are Compounded Annualized Returns (CAGR). PLANS AND OPTIONS The Scheme has a Single Plan with Monthly Dividend and Growth Option. Monthly Dividend option has
  4. 4. Reinvestment, Payout & Sweep Facility. If the investor does not clearly specify the choice of Option at the time of INVESTMENT STRATEGY OF THE SCHEMEinvesting, it will be deemed that the investor has opted for Growth Option. In case, if the investor selects Dividend The Scheme seeks to generate regular income by investing in a fixed income portfolio of debt and money marketOption but fails to mention facility, it will be deemed that the investor has opted for dividend reinvestment facility. instruments. The investment strategy of the Scheme will be aligned to realize the investment objectives.If dividend under payout option is less than or equal to `100/- then it will be by default reinvested. Accordingly, the Scheme will, under normal market conditions, invest primarily in short to medium term debt MINIMUM APPLICATION/ ADDITIONAL PURCHASE / REDEMPTION AMOUNT securities, money market instruments and cash & cash equivalents with an average portfolio maturity of up to 3Purchase Additional Purchase years.Minimum of `5,000/- and Minimum of `1,000/- and RISK PROFILEin multiples of `1/- thereafter in multiples of `1/-thereafter. Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SchemeMINIMUM REDEMPTION AMOUNT Information Document carefully for details on risk factors before investment. Investment in Edelweiss Short`500/- & in multiples of `1/- thereafter Term Income Fund will involve certain scheme specific risk factors apart from the general risks mentioned in SAI which are summarized below:For demat transactions, minimum redemption would be mandatorily 50 units. (i) Risk associated with investments in Fixed Income and Money Market Instruments which involves BENCHMARK INDEX Price/Interest rate Risk, Spread Risk, Sovereign Risk, Credit Risk or Default Risk, Liquidity & SettlementCRISIL MIP Blended Fund Index. Risk, Reinvestment Risk, Performance Risk, Prepayment Risk, Market Risk etc.The Fund reserves the right to change the benchmark for evaluation of the performance of the Scheme from (ii) Risk associated with investments in Derivatives which involve Credit Risk, Illiquidity Risk etc.time to time, subject to SEBI Regulations and other prevailing guidelines if any. (iii) Scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage backed NAME OF THE FUND MANAGERS securities (MBS) which involves risks like Prepayment Risk, Market Risk etc.Mr. Kapil Punjabi and Mr. Paul Parampreet are the Co-Fund Managers of the Scheme. PLANS AND OPTIONS PERFORMANCE OF THE SCHEME The Scheme has two plans viz. Retail Plan & Institutional Plan with a common portfolio. Each Plan has DividendEdelweiss Monthly Income Plan and Growth Option. Dividend Option shall have Reinvestment & Payout Facility. If the investor does not clearly specify the choice of Plan / Option at the time of investing, it will be treated as Returns as on July 29, 2011 Scheme Benchmark Retail Plan/Dividend Option / Reinvestment Facility. If the investor chooses a Plan in the Application form but Returns%^ Returns %# fails to comply with the minimum application/ additional application amount/other criteria of the said Plan, then Returns for the last 1 year he will be allotted units under the Default Plan, provided the required amount/other criteria are fulfilled. Growth Option 6.48 5.05 MINIMUM APPLICATION/ ADDITIONAL PURCHASE / REDEMPTION AMOUNT Scheme Returns Since Inception@ Particulars Purchase AdditionalPurchase Growth Option 6.20 6.21 Retail Plan Minimum of `10,000/- and in Minimum of `1,000/- and in multiples of `1/- thereafter. multiples of `1/- thereafter.@Inception Date is deemed to be the date of allotment i.e. February 24, 2010 Institutional Plan Minimum of `10,00,000 and in#CRISIL MIP Blended Fund Index multiples of `1/- thereafter.Returns less than one year are absolute and returns equal to or greater than one year are compoundedannualized (CAGR). MINIMUM REDEMPTION AMOUNT Absolute return for each financial year ^ • In all plans to a minimum of 50 units & in multiples of 1 unit thereafter or `500/- & in multiples of `1/- 7 thereafter. 6.17 • For demat transactions, minimum redemption would be mandatorily 50 units. 6 • In case of the investors/ units holders having available balance less than `500/- or less than 50 units in their 4.98 5 respective folio on the day of submission of valid redemption request, for the respective plan, the minimum 4 redemption limit would be the available balance. BENCHMARK INDEX 3 1.85 CRISIL Short Term Bond Fund Index. 2 The Fund reserves the right to change the benchmark for evaluation of the performance of the Scheme from 1.08 1 time to time, subject to SEBI Regulations and other prevailing guidelines if any. 0 NAME OF THE FUND MANAGERS 2009-2010 2010-2011 Mr. Kapil Punjabi Edelweiss Monthly Income Plan–Growth returns % Benchmark returns % # PERFORMANCE OF THE SCHEME Edelweiss Short Term Income Fund^ Past performance may or may not be sustained in the future. The above information is not necessarily Returns as on July 29, 2011 Scheme Benchmarkindicative of future results and may not necessarily provide a basis for comparison with other investments. Returns%^ Returns % #Performance of the Dividend Option for the investor would be net of the applicable dividend distribution tax. Returns for the last 1 year EXPENSES OF THE SCHEME Retail Plan - Growth 6.54 6.36(I) LOAD STRUCTURE: Institutional Plan - Growth 6.65 6.36Entry Load: Nil. .Scheme Returns Since Inception@Exit Load : Retail Plan - Growth* 6.67 7.33• If the Units are redeemed/switched-out on or before 365 days from the date of allotment: 1% Institutional Plan - Growth** 6.32 5.67• If the Units are redeemed/switched-out after 365 days from the date of allotment: NIL # CRISIL Liquid Fund Index was the benchmark of the Scheme as on March 31, 2011Also please refer paragraph on "Load Structure" under the section "INFORMATION COMMON TO ALL * Inception date is September 26, 2008SCHEMES” **Returns are calculated from March 3, 2009, as there was no investor prior to this date.(II) RECURRING EXPENSES Returns shown above are Compounded Annualized Returns (CAGR).As per the SEBI Regulations, the maximum recurring expenses including the investment management andadvisory fee that can be charged to the Scheme shall be subject to a percentage limit of average weekly net Absolute return for each financial year ^assets as given in the table below. Subject to the SEBI Regulations, expenses over and above the prescribedceiling will be borne by the AMC. 7 6.29 6.36 6.21 6.21 First `100 Crores* Next `300 Crores* Next `300 Crores* Over `700 Crores* 6 5.22 5.38 2.25% 2.00% 1.75% 1.50% 5 4.77 4.77 4 3.69 3.69*Of the average weekly net assets. 3(III) ACTUAL EXPENSES FOR THE FINANCIAL YEAR 2010-2011 2 Edelweiss Monthly Income Plan 1 0.55 0.49 Total Expense as % of 1.25 0 2008 - 2009 2009 - 2010 2010 - 2011 Average AUM (planwise) Retail Plan - Growth returns % Institutional Plan - Growth returns % Benchmark returns % Benchmark returns % ^ Past performance may or may not be sustained in the future. The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. Performance of the Dividend Option for the investor would be net of the applicable dividend distribution tax. EDELWEISS SHORT TERM INCOME FUND EXPENSES OF THE SCHEME (Formerly Edelweiss Interval Fund - Edelweiss Monthly Interval Fund - Series I, an interval income scheme) (I) LOAD STRUCTURE: Entry Load: Not Applicable Exit Load : INVESTMENT OBJECTIVE • If the Units are redeemed/switched-out on or before 180 days from the date of allotment : 0.50%The investment objective of the Scheme is to generate regular income through investments in Debt & Money • If the Units are redeemed/switched-out after 180 days from the date of allotment : NilMarket Instruments. However, there is no assurance that the investment objective of the Scheme will be realized Also please refer paragraph on "Load Structure" under the section "INFORMATION COMMON TO ALLand the Scheme does not assure or guarantee any returns. SCHEMES” ASSET ALLOCATION PATTERN (II) RECURRING EXPENSESThe Asset Allocation pattern of the Scheme under normal circumstances is as under: As per the SEBI Regulations, the maximum recurring expenses including the investment management andAsset Class Allocation (% of Corpus) Risk Profile advisory fee that can be charged to the Scheme shall be subject to a percentage limit of average weekly net assets as given in the table below. Subject to the SEBI Regulations, expenses over and above the prescribedDebt* and Money Market Instruments 80% to 100% Low to Medium ceiling will be borne by the AMC.with average maturity less than or equal First `100 Crores* Next `300 Crores* Next `300 Crores* Over `700 Crores*to 3 years 2.25% 2.00% 1.75% 1.50%Debt* Instruments with average maturity 0% to 20% High *Of the average weekly net assets.of more than 3 years but not exceeding (III) ACTUAL EXPENSES FOR THE FINANCIAL YEAR 2010 - 20115 years Edelweiss Short Term Income Fund *Including securitized debt up to 50% of the net assets of the Scheme. Retail InstitutionalFurther, Total Expense as % of 0.65 0.51• The Scheme may invest in derivative up to 100% of the net assets of the Scheme for the purpose of portfolio Average AUM (planwise) balancing and hedging based on the opportunities available and subject to SEBI Regulations.• The cumulative gross exposure through debt and derivative positions will not exceed 100% of the net assets of the Scheme. However, cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure.• The Scheme may enter into plain vanilla interest rate swaps for hedging purposes. Exposure to a single counterparty in such transactions will not exceed 10% of the net assets of the scheme.
  5. 5. EXPENSES OF THE SCHEME (I) LOAD STRUCTURE: Entry Load: Nil. EDELWEISS ELSS FUND Exit Load: Nil Also please refer paragraph on "Load Structure" under the section "INFORMATION COMMON TO ALL INVESTMENT OBJECTIVE SCHEMES"The primary objective of the Scheme is to generate long-term capital appreciation with an option of periodicpayouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related (II) RECURRING EXPENSES:instruments. As per the SEBI Regulations, the maximum recurring expenses including the investment management andHowever, there is no assurance that the investment objective of the Scheme will be realized and the Scheme advisory fee that can be charged to the Scheme shall be subject to a percentage limit of average weekly netdoes not assure or guarantee any returns. assets as given in the table below. Subject to the SEBI Regulations, expenses over and above the prescribed ASSET ALLOCATION PATTERN ceiling will be borne by AMC.The Asset Allocation pattern of the Scheme under normal circumstances is as under: First `100 Crores* Next `300 Crores* Next `300 Crores* Over `700 Crores*Asset Class Allocation (% of Corpus) Risk Profile 2.50% 2.25% 2.00% 1.75%Equity & Equity related instruments 80% - 100% High * of the average weekly net assetsShort Term Debt & Money Market instruments* 0% - 20% Low to Medium (III) ACTUAL EXPENSES FOR THE FINANCIAL YEAR 2010-2011 Edelweiss ELSS Fundhaving an unexpired maturity upto one year, CDs, usance bills, CBLOs, Repo/ Reverse Repo and any other Total Expense as % of Average AUM (planwise) 2.50like instruments having a maturity of 1 year or less, as specified by the RBI from time to time. Short TermDebt instruments include debt instruments with daily to monthly put/call options, debt instruments withmaturity less than one year and other like debt instruments. INVESTMENT STRATEGY OF THE SCHEMEThe Fund will invest in a diversified basket of equity stocks spanning the entire market capitalization spectrum EDELWEISS DIVERSIFIED GROWTH EQUITY TOP 100and across multiple sectors, debt and money market instruments. The Fund will also invest a portion of the funds (E.D.G.E. TOP 100) FUNDin initial offerings and other primary market offerings. RISK PROFILE INVESTMENT OBJECTIVEMutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully The primary objective of the Scheme is to generate capital appreciation, from a portfolio that is substantiallyfor details on risk factors before investment. Investment in this Scheme will involve certain Scheme specific Risk constituted of equity securities and equity related securities of the 100 largest corporates by marketFactors apart from the General Risks mentioned in SAI/SID which are summarized below: capitalisation, listed in India. 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.1. Due to the lock in requirements under ELSS Guidelines, the ability of investors to realise returns is restricted ASSET ALLOCATION PATTERN for the first three years.2. The Scheme proposed to invest in Equity & Equity related instruments. Investment in such instruments Under normal circumstances, the anticipated asset allocation pattern is: involve risks such as Liquidity Risk, Risks related to Capital Markets, Macro Factors Risk, Price Risk, Asset Class Allocation Risk Profile Execution Risk, Redemption Risk, Substantial Holding Risk, NAV below par. (% of Corpus)3. Risk associated with investments in Fixed Income and Money Market Instruments which involve Interest rate Equity & Equity related instruments of the 100 largest corporates by 65% - 100% Medium to High risk, Spread risk, Credit risk or default risk, Liquidity & Settlement Risk, Reinvestment risk, Performance market capitalisation, listed in India. Risk, Prepayment Risk, Market risk etc. Equity & Equity related instruments of other companies 0% - 20% Medium to High4. Scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage backed Debt & Money Market Instruments* 0% - 35% Low to Medium securities (MBS) which involves risks like Prepayment Risk, Market risk etc. *Money Market Instruments include CPs, Commercial Bills, Corporate Debt, T-Bills, and Government securities PLANS AND OPTIONS having an unexpired maturity upto one year, CDs, usance bills, CBLOs, Repo/ Reverse Repo and any other like instruments having a maturity of 1 year or less, as specified by the RBI from time to time.The Scheme has a Single Plan with Dividend and Growth Option. Dividend option has Reinvestment, Payout & Further,Sweep Facility. The AMC reserves the right to introduce further Plans / Options, as and when deemed fit. • The investments in securitised papers including Pass through Certificates (PTCs) may be made upto 35% ofIn case, if the investor fails to mention the Option at the time of investing, it will be deemed that the investor has the net assets of the Scheme.opted for Growth Option. In case, if the investor selects Dividend Option but fails to mention facility, it will be • The Scheme can also take derivative exposure upto 50 % of the net assets of the Scheme.deemed that the investor has opted for dividend reinvestment facility. • The cumulative gross exposure through equity, debt and derivative positions will not exceed 100% of the netNote: If the Dividend under Payout option is less than or equal to `100/- then it will be by default Reinvested. assets of the Scheme. However, cash or cash equivalents with residual maturity of less than 91 days may be MINIMUM APPLICATION/ ADDITIONAL PURCHASE / REDEMPTION AMOUNT treated as not creating any exposure.Purchase Additional Purchase • The total exposure related to option premium paid will not exceed 20% of the net assets of the Scheme.Minimum of `500/- per Minimum of `500/- per • The Scheme may enter into plain vanilla interest rate swaps for hedging purposes. Exposure to a singleapplication & in multiples of `500/- application & in multiples of `500/- counterparty in such transactions will not exceed 10% of the net assets of the Scheme. • The Scheme may engage in Stock Lending. Not more than 25% of the net assets of the Scheme canMINIMUM REDEMPTION AMOUNT* generally be deployed in stock lending and not more than 5% of the net assets of the Scheme will beMinimum Redemption Amount can be `1/- or any number of units. deployed in Stock lending to any single counterparty.For demat transactions, minimum redemption would be mandatorily 50 units. • The Scheme may invest in Foreign Securities upto 35% of the Permissible Investments of net assets of the* Redemption of Units can be made only after a period of 3 years of lock-in period from the date of allotment of the Scheme.Units proposed to be redeemed. INVESTMENT STRATEGY OF THE SCHEME BENCHMARK INDEX The Fund invests in a portfolio that is substantially constituted of equity securities and equity related securities ofS & P CNX Nifty# the 100 largest corporates by market capitalisation, listed in India.The fund reserves the right to change the benchmark for evaluation of the performance of the Scheme from time RISK PROFILEto time, subject to SEBI Regulations and other prevailing guidelines if any. Mutual Fund Units involve investment risks including the possible loss of principal. Please read the SID carefully#“S&P®” and “Standard and Poor’s®” are trademarks of the McGraw-hill Companies, Inc. (“S&P”), and have for details on risk factors before investment. Investment in this Scheme will involve certain Scheme specific Riskbeen licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. Factors apart from the General Risk mentioned in SAI/SID which are summarized below:“The Product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") Equity And Equity Related Instruments: The value of the Scheme’s investments may be affected generallyor Standard & Poors, a division of The McGraw-Hill Companies, Inc. ("S&P"). Neither IISL nor S&P makes any by factors, such as price and volume volatility in the capital markets, Settlement periods, liquidity risk orrepresentation or warranty, express or implied, to the owners of the Product or any member of the public execution risk or redemption risk or the risk of NAV going below par valueregarding the advisability of investing in securities generally or in the Product. Please read the full Disclaimers in Derivatives: Derivative products are leveraged instruments and can provide disproportionate gains as well asrelation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement.” disproportionate losses to the investor. Identification and execution of the strategies to be pursued by the fund NAME OF THE FUND MANAGERS manager involve uncertainty and decision of fund manager may not always be profitable. The risks associatedMr. Paul Parampreet and Mr. Nandik Mallik are the Co-Fund Managers of the Scheme. with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments. PERFORMANCE OF THE SCHEME ADRs/GDRs and Foreign Securities: Subject to necessary approvals and within the investment objective ofEdelweiss ELSS Fund the Scheme, the Scheme may invest in overseas markets which carry risks related to fluctuations in the foreign Returns as on July 29, 2011 Scheme Benchmark exchange rates, the nature of the securities market of the country, repatriation of capital due to exchange Returns%^ Returns%# controls and political circumstances Fixed Income and Money Market Instruments: It involves Interest rate risk, Spread risk, Credit risk or default Returns for the last 1 year risk, Liquidity & Settlement risk, Reinvestment risk, Performance risk, Prepayment risk, Market risk. Growth Option 1.31 2.13 PLANS AND OPTIONS The Scheme has three Plans i.e. Plan A, Plan B, Plan C with common portfolio & has Dividend and Growth Option. Dividend Option has Reinvestment, Payout & Sweep Facility. Each Plan represents interest in the sameScheme Returns Since Inception@ portfolio of investments and is identical in all respects to each other Plan, except for differences relating toGrowth Option 29.10 26.68 annual recurring expenses, minimum subscription amount to be brought in by the investors applying for the units in the Scheme. Default Plan: If the Investor fails to mention any Plan - Plan A. Default Option: If the investor does not clearly specify the choice of Option at the time of investing, it will be# S & P CNX Nifty deemed that the investor has opted for Growth Option. In case, if the investor selects Dividend Option but fail to@Inception date is deemed to be the date of allotment i.e. December 30, 2008. mention facility, it will be deemed that the investor has opted for dividend reinvestment facility. The AMCReturns shown above are Compounded Annualized Returns (CAGR). reserves the right to introduce further Plans / Options as and when deemed fit. Absolute return for each financial year ^ MINIMUM APPLICATION/ ADDITIONAL PURCHASE / REDEMPTION AMOUNT 80 73.76 Particulars Minimum Application Additional Amount Purchase 70 64.94 Plan A `1,000/- and multiples of `1/- In all Plans is `1,000/- 60 Plan B `1,00,000/- and multiples of `1/- and multiples of `1/- 50 Plan C `10,00,000/- and multiples of `1/- MINIMUM REDEMPTION AMOUNT 40 Minimum Redemption Amount can be `1/- or any number of units. 30 For demat transactions, minimum redemption would be mandatorily 50 units. 20 BENCHMARK INDEX 9.17 11.14 S & P CNX Nifty# 10 6.41 The Fund reserves the right to change the benchmark for evaluation of the performance of the Scheme from 0 time to time, subject to SEBI Regulations and other prevailing guidelines if any. -10 -2.04 #“S&P®” and “Standard and Poor’s®” are trademarks of the McGraw-hill Companies, Inc. (“S&P”), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. 2008-2009 2009-2010 2010-2011 “The Product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") # or Standard & Poors, a division of The McGraw-Hill Companies, Inc. ("S&P"). Neither IISL nor S&P makes any Edelweiss ELSS Fund - Growth returns % Benchmark returns % representation or warranty, express or implied, to the owners of the Product or any member of the public^ Past performance may or may not be sustained in the future. The above information is not necessarily regarding the advisability of investing in securities generally or in the Product. Please read the full Disclaimers inindicative of future results and may not necessarily provide a basis for comparison with other investments. relation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement.”Performance of the Dividend Option for the investor would be net of the applicable dividend distribution tax. NAME OF THE FUND MANAGERS Mr. Paul Parampreet and Mr. Nandik Mallik are the Co-Fund Managers of the Scheme.

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