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Edelweiss Focused Equity Fund
1. AUM of scheme ` 581.73 Crore
Total Stocks 30
Top 10 Stocks as % of Total Portfolio 53.63%
Total Active Bets~ 58.59%
~Active positive bets are those where the fund has a
higher weightage as compared to the benchmark.
Benchmark
NIFTY 500 TRI
Total Expense Ratio
Regular Plan 2.35%
Direct Plan 0.74%
Entry Load Not Applicable
Exit Load
1% upto 90 days. NIL after completion of 90 days
Portfolio Positioning
Sector Over Weights Vs Benchmark % Over wt
Capital Goods 5.13
Information Technology 3.00
Construction 2.83
Sector Under Weights Vs Benchmark % Under wt
Metals & Mining -3.24
Oil, Gas & Consumable Fuels -3.02
Chemicals -2.43
FUND INSIGHTS: October 31, 2023
Edelweiss Focused Equity Fund
(An open-ended equity scheme investing in maximum 30
stocks across market capitalization)
Value
Large
Mid
Small
Style
Size
Blend Growth
About the Fund :
The investment objective of the Scheme is to generate long-term
capital appreciation from a diversified portfolio that predominantly
invests in equity and equity-related securities of companies across
various market capitalisation.
Identifying compounding businesses from the universe of
large, mid and small cap stocks.
No compromise on quality - higher degree of due diligence Aim
to benefit from both sources of return :
Compounding of earnings
Valuation re-rating
Trideep Bhattacharya
Fund Manager
Experience : 23 years
Managing the scheme from
August 01, 2022
Top 10 Stocks (%)
HDFC Bank Ltd. 8.70%
ICICI Bank Ltd. 7.80%
Tata Consultancy Services Ltd. 6.86%
Larsen & Toubro Ltd. 5.90%
Reliance Industries Ltd. 5.44%
State Bank of India 4.34%
Persistent Systems Ltd. 3.78%
ITC Ltd. 3.64%
Trent Ltd. 3.64%
Hindustan Unilever Ltd. 3.53%
New Entries Exits
Bajaj Finance Ltd
Dixon Technologies (India) Ltd
Federal Bank Ltd
Cummins India Ltd
Abhishek Gupta
Fund Manager
Experience : 17 years
Managing the scheme from
August 01, 2022
Portfolio Commentary :
2023 has played out to great extent as we anticipated, we foresaw likelihood of “Recessionary
Conditions before Rebound” globally in 2H2023. First 6 months were volatile, as equity markets
grapple with central banks’ focus on calibrating interest-rates in the context of slowing demand
scenario in 2023.
We remain constructive on equities from medium to long term perspective as we expect continuing
economic recovery to result in higher trajectory of corporate earnings growth than in the past.
However, it is prudent to be prepared for air pockets of higher volatility & corrections driven by:
• Higher non-institutional participation leading to enhanced volatility and amplification of cycles
• High absolute return in recent past increases vulnerability to corrections
• Headwinds of oil prices and noise around inflation, tapering & rate cycle
We can’t predict short term market direction and hence, we focus on building a resilient portfolio of
businesses following our “FAIR” framework.
We are playing the following decadal themes in a concentrated manner in this fund:
• Brands: We expect adoption of brands to increase materially over next few years in India.
• Market-share gainers: We are looking to play the market-share gainers, particularly in economically
sensitive areas of the market as part of this theme.
• Disruptors/Innovators: We are looking to play the beneficiaries of disruption as part of this theme in
Indian Context.
The Fund is under weight on Oil & Gas, Metal and Mining space.
2. 0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
Aug-22
Sep-22
Oct-22
Nov-22
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Market Cap Asset Allocation
Source: Bloomberg
80.41%
15.66%
Large cap Mid cap
97.74%
Equities Cash & Other receivables
2.26%
Small cap
3.93%
Top 10 Active Share (%)
Tata Consultancy Svcs Ltd 2.13
Persistent Systems Ltd 1.77
Trent Ltd 1.64
Larsen & Toubro Ltd 1.61
Bharat Electronics Ltd 1.58
KEI Industries Ltd 1.51
ICICI Bank Ltd 1.48
State Bank Of India 1.35
Coforge Limited 1.20
Ultratech Cement Ltd 1.19
Sector-Wise
Portfolio Quality
Source: Bloomberg
Por�olio quality is represented by Es�mated Return on Equity. Return on equity (ROE) is the amount of net
income returned as a percentage of shareholders equity. Return on equity measures companies
profitability by revealing how much profit a company generates with the money shareholders have
invested.
Source: Bloomberg
Growth is represented by es�mated Earnings per share (EPS) growth. EPS is net profit divided by total number
of outstanding shares.
Source: Bloomberg
Valuation is represented by price-earnings ratio (P/E Ratio). It is the ratio for valuing a
company that measures its current share price relative to its per-share earnings.
Source: Internal
Active positive bets are those where the fund has a higher weightage as compared to the benchmark.
Growth
20.67
16.08
FY24E EPS
growth (%)
FY25E EPS
growth (%)
Quality
FY25E
ROE(%)
20.77 21.55
FY24E
ROE (%)
23.01
19.82
Valuation
PER FY24E
(x)
PER FY25E
(x)
Data as of October 2023
Active Bets
3.64%
5.44%
5.45%
5.46%
5.55%
5.90%
7.17%
9.87%
13.28%
29.09%
Consumer Services
Oil, Gas & Consumable Fuels
Automobile & Auto Components
Health Care
Consumer Durables
Construction
Fast Moving Consumer Goods
Capital Goods
Information Technology
Financial Services
3. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Trideep Bhattacharya is the Fund Manager & Mr. Abhishek Gupta is Co- Fund Manager of the Scheme. The view of the Fund Managers should not be construed as investment
advice. Investor must make their own investment decisions based on their specific investment objectives and financial positions and using such AMFI qualified advisors as
may be necessary. Opinions expressed are not necessarily those of Edelweiss Asset Management Limited (EAML) or any of its Directors, Officers, Employees and personnel.
Consequently, EAML or any of its Directors, Officers, Employees and personnel do not accept any responsibility for the editorial content or its accuracy, completeness or
reliability and hereby disclaim any liability with regard to the same.
Minimum Investment:
` 100/- per application
and in multiples of Re
1/- thereof. (with effect
from 10th November 2023)
INCEPTION DATE
August 01st
, 2022
OPTIONS AVAILABLE
Growth
IDCW
PLANS:
Regular Plan &
Direct Plan
Key Information
*Investors should consult their financial adviser if in doubt about whether the product
is suitable for them.
• Long Term Capital appreciation.
• l To generate income by investing in equity and equity related instruments and
derivative segment of upto 30 companies.
This product is suitable for investors who are seeking*:
Edelweiss Focused Equity Fund (An open-ended equity scheme investing in maximum 30 stocks across market capitalisation)
Investors understand that their principal
will be at Very High risk
Scheme Riskometer Benchmark Riskometer:
Ni�y 500 TRI
Fund Performance as on October 31, 2023
1 Year (simple annualizedSince
Since Inception (simple annualized)
Period
Returns
Scheme - Regular Plan Benchmark
(Nifty 500 TR Index)
Additional Benchmark
(Nifty 50 TR Index)
Value of Rs. 10000
Invested
Returns Value of Rs. 10000
Invested
Returns Value of Rs. 10000
Invested
9.49% 10,949 9.87% 10,987 7.01% 10,701
11.83% 11,499 11.42% 11,446 9.10% 11,150
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss
Focused Equity Fund. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of previous day
is used for computation.
2. The scheme is currently managed by Mr. Trideep Bhattacharya (Managing since August 01, 2022) and Co- Fund Manager:
Mr. Mr. Abhishek Gupta (Managing since August 01, 2022). Please refer page no. 60-61 for name of the other schemes currently
managed by the Fund Managers and relevant scheme for performance.
3. Standard deviation and Sharpe ratio are annualized.
4. ^ Lower of sales or purchase divided by average AUM for last rolling 12 months.
5. Active bets are those where the fund have exposure away from the weightage as compared to benchmark. Source: Bloomberg.