Fund Factsheet - January 2021

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Fund Factsheet - January 2021
Fund Factsheet - January 2021
Fund Factsheet - January 2021
OUR PRODUCT SUITE

                                                                                                                           ETF
                                                                                                                   EXCHANGE
           EQUITY                                 HYBRID                               DEBT                         TRADED                       OFFSHORE
           FUNDS                                  FUNDS                               FUNDS                          FUNDS                        FUNDS

            EDELWEISS                              EDELWEISS                           EDELWEISS                     EDELWEISS ETF -
          LARGE CAP FUND                         ARBITRAGE FUND                      OVERNIGHT FUND                 BHARAT BOND ETF                EDELWEISS
                                                                                                                       APRIL 2023                 ASEAN EQUITY
                                                      Asset Allocation               Duration Range 1 day
                Marketcap                     Net Equity     Debt    Arbitrage                                                                     OFF-SHORE
                                                                                                                                                     FUND
                                                  No        0-35%    65-100%
        Large     Mid       Small             Open Equity

             EDELWEISS                            EDELWEISS                              EDELWEISS                   EDELWEISS ETF -
       LARGE & MID CAP FUND                  EQUITY SAVINGS FUND                                                    BHARAT BOND ETF                EDELWEISS
                                                                                        LIQUID FUND
                                                                                                                       APRIL 2025                GREATER CHINA
                                                      Asset Allocation             Duration Range 0-3 months                                         EQUITY
                Marketcap
                                              Net Equity     Debt    Arbitrage                                                                     OFF-SHORE
                                                                                                                                                      FUND
        Large     Mid       Small              10-40%       0-35%    25-55%

            EDELWEISS                                 EDELWEISS                        EDELWEISS                     EDELWEISS ETF -
          FLEXI-CAP FUND                     BALANCED ADVANTAGE                                                     BHARAT BOND ETF                EDELWEISS
                                                                                   LOW DURATION FUND
                                                            FUND                                                       APRIL 2030                   EUROPE
                                                      Asset Allocation
                                                                                  Duration Range 6-12 months                                     DYNAMIC EQUITY
                Marketcap
                                              Net Equity     Debt    Arbitrage                                                                     OFF-SHORE
                                                                                                                                                     FUND
        Large     Mid       Small             30-100%       0-35%    0-50%

             EDELWEISS                           EDELWEISS                             EDELWEISS                     EDELWEISS ETF -
                                                                                                                                                   EDELWEISS
            MIDCAP FUND                       AGGRESSIVE HYBRID                    BANKING & PSU DEBT               BHARAT BOND ETF                EMERGING
                                                    FUND                                 FUND                          APRIL 2031                   MARKETS
                Marketcap                             Asset Allocation             Duration Range 1-10 yrs
                                                                                                                                                 OPPORTUNITIES
                                              Net Equity     Debt
                                                                                                                                                    OFF-SORE
        Large     Mid       Small              65-80%       20-35%                                                                                    FUND

            EDELWEISS                                                                  EDELWEISS
                                                                                    CORPORATE BOND                                                 EDELWEISS
          SMALL CAP FUND
                                                                                         FUND                          EDELWEISS                    US VALUE
                Marketcap
                                                                                    Duration Range 1-5 yrs
                                                                                                                      ETF - NIFTY 50                 EQUITY
                                                                                                                                                   OFF-SHORE
                                                                                                                                                      FUND
        Large     Mid       Small

                                                                                      EDELWEISS
                                                                                  MONEY MARKET FUND                                                EDELWEISS
                                                                                                                        EDELWEISS                US TECHNOLOGY
                                                                                  Duration Range 0-12 months
                                                                                                                     ETF - NIFTY BANK                EQUITY
                                                                                                                                                  FUND OF FUND

                                                                                     EDELWEISS
                                                                                    GOVERNMENT                          EDELWEISS
                                                                                   SECURITIES FUND                       NIFTY 100
                                                                                   Duration Range 1-10 yrs
                                                                                                                        QUALITY 30

Macaulay duration range & credit profile is indicative. AAA refers to sovereign/A1+ & equivalent, AA refers to AA+/AA/AA-, A refers to A+/A/A-
Market-cap allocation range is indicative. Asset Allocation range is indicative.
Fund Factsheet - January 2021
Index

 Markets & Beyond                                                     Page No.
 •   Penned by CEO                                                        2
 •   Market Insights                                                      4

 Equity Funds
 •   Edelweiss Large Cap Fund                                             7
 •   Edelweiss Large & Mid Cap Fund                                       8
 •   Edelweiss Flexi-Cap Fund                                             9
 •   Edelweiss Mid Cap Fund                                              10
 •   Edelweiss Small Cap Fund                                            11
 •   Edelweiss Long Term Equity Fund (Tax Savings)                       12

 Hybrid Funds
 •   Edelweiss Arbitrage Fund                                            13
 •   Edelweiss Equity Savings Fund                                       14
 •   Edelweiss Balanced Advantage Fund                                   15
 •   Edelweiss Aggressive Hybrid Fund                                    16

 Debt Funds
 •   Edelweiss Overnight Fund                                            17
 •   Edelweiss Liquid Fund                                               18
 •   Edelweiss Money Market Fund                                         19
 •   Edelweiss Low Duration Fund                                         20
 •   Edelweiss Banking & PSU Debt Fund                                   21
 •   Edelweiss Corporate Bond Fund                                       22
 •   Edelweiss Government Securities Fund                                23
 Passive Funds
 •   Bharat Bond ETF APRIL 2023                                          24
 •   Bharat Bond ETF APRIL 2025                                          25
 •   Bharat Bond ETF APRIL 2030                                          26
 •   Bharat Bond ETF APRIL 2031                                          27
 •   Edelweiss ETF - Nifty 50                                            28
 •   Edelweiss ETF - Nifty Bank                                          29
 •   Edelweiss ETF - Nifty 100 Quality 30                                30
 •   Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund      31
 Fund of Funds
 •   Bharat Bond FOF APRIL 2023                                          32
 •   Bharat Bond FOF APRIL 2025                                          33
 •   Bharat Bond FOF APRIL 2030                                          34
 •   Bharat Bond FOF APRIL 2031                                          35
 Overseas Fund of Funds
 •   Edelweiss Asean Equity Off-Shore Fund                               36
 •   Edelweiss Greater China Equity Off-Shore Fund                       37
 •   Edelweiss Europe Dynamic Equity Off-Shore Fund                      38
 •   Edelweiss Emerging Markets Opportunities Equity Offshore Fund       39
 •   Edelweiss US Value Equity Off-Shore Fund                            40
 •   Edelweiss US Technology Fund                                        41
 Schedule
 •   SIP Performance                                                     42
 •   Fund Performance - Direct Plan                                      43
 •   Dividend History                                                    45
 •   Schemes managed by Fund Manager                                     47
 •   Investing made Simple                                               48
 •   How to Read Factsheet                                               49
Fund Factsheet - January 2021
Penned by the CEO

                    Radhika Gupta
                    MD & CEO, Edelweiss Asset Management

Dear Investor,

No discussion about February is complete without the Big B, the Budget. This year, much as I enjoyed listening to the
budget, I also enjoyed hearing the Economic Survey presented a day before the budget, presented much unlike an
economics speech, with stories, anecdotes, and even examples from 3 Idiots. The Budget has already been discussed
threadbare, and while the discussions typically centre on policies, the micro of taxation, and deficits, this year, what I took
away from the Budget and Economic Survey were powerful principles of how we should think about money. And just as
the nation has a budget, each of us has our own personal budget, our own income and expenditure, to which these
principles apply just as beautifully.

Principle 1: Growth allows debt, but not the reverse

“The state collects tax for the greater welfare of its citizens in the same way as the sun evaporates water, only to return it
manifold in the form of rain.” — Kalidasa's Raghuvansham

Given the COVID-19 crisis, there is a need for the government to spend (funded by borrowing), but in such a time, the
conundrum is does austerity foster growth, or will growth make borrowing sustainable. In the Indian context, it is the
latter, because the interest rate paid by the government has historically been less than India's growth rate (not the case
for all nations), and a growth-oriented budget is justified in this context. Similarly, in personal finance, when we debate
debt versus income, it is important to realize that if there is income, debt will become sustainable, but debt without
income leads to a debt trap.

Principle 2: The importance of being counter-cyclical

As the government makes a choice for fiscal expansion, it is accompanied by concern about the implication for growth,
sovereign ratings, and external vulnerabilities. The Economic Survey makes the point that fiscal policy and governments
must be counter-cyclical, essentially spend when the chips are down to smoothen out economic cycles. In fact, the
fiscal multiplier, which is the return derived by the economy from an additional rupee of spending, is unequivocally
greater during a crisis than during a boom. This is not different from investing in a crisis, which has a higher multiplier on
wealth creation. The investor who entered in March 2020 earned much more than the ones who invested in January 2020.

Principle 3: Emergency medicine should not become a staple diet

The Spanish philosopher George Santayana reminds us that, “Those who do not learn from history are condemned to
repeat it.” Emergency times call for unique measures, including forbearance on bank loans in the COVID crisis, and a
relaxation on norms for restructuring assets for banks during the Global Financial Crisis (these restructured assets no
long had to be classified as NPAs). While this measure helped borrowers tide through temporary hardship, it extended
its welcome by many years, and should have been discontinued when the economy recovered, leading to detrimental
consequences. Similarly, in personal finance, investments can be redeemed in a crisis to help tide through, but
redeeming long term investments in normal time for impulsive needs makes for a bad habit.

                                                                                                                             2
Fund Factsheet - January 2021
Penned by the CEO

Principle 4: Productive vs. Non-Productive Expenditure

A bold feature of this budget was to focus on increasing capital expenditure that goes into building infrastructure rather
than traditional revenue expenditure that typically affects current consumption like subsidies. Money will be spent on
building long term assets, that has a multiplier effect because it creates jobs, brings new consumers into the economy
and helps growth. Revenue expenditure is quick and convenient and helps in the short term, but capital expenditure is
painful in the short term, but builds value in the long term. In personal finance, we all have to define and focus on capital
expenditure – spending in building long term investment assets that improves our future income, rather than just current
consumption. Ask yourself if the money you save should go into buying a car that adds to your monthly expenses and
depreciates, or an education that adds to your job prospects.

Principle 5: My Problems. My Solutions.

The final and overarching takeaway from the budget, was that India as an economy is unique in its per capita income,
population density, and economic conditions, and cannot be compared to economics with ten times the per capita GDP.
Neither in its response to COVID or how it chose to impose a lockdown, or in how it chooses to revive its economy, India's
problems are unique and need its own solutions, that are not a copy of the West. In investing too, we say that personal
finance is first personal, and the right investing answer is the one that works for your goals and your circumstances.
Resist the urge to copy and do what is right for you.

Just as we hope India recovers and charts a new course aided by a landmark Budget, we at Edelweiss MF also wish you
the best as you plan your own personal budgets. Thank you for trusting us with your hard earning money, and happy and
peaceful investing.

Radhika

Disclaimer: Ms. Radhika Gupta is the MD & CEO of Edelweiss Asset Management Limited (EAML) and the views
expressed above are her own.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS
CAREFULLY

                                                                                                                           3
Fund Factsheet - January 2021
Union Budget 2021 – Impact Analysis
Feb 2, 2021

KEY HIGHLIGHTS
Ÿ   Union Budget 2021 puts focus back on growth and expansion with significant increase in capex allocation but with reduced
    dependance on off-balance sheet financing predominantly done through CPSEs.
Ÿ   The budget also spells out crucial steps for the financial services sector including privatization of public sector banks; transfer of
    bad loans to a 'bad bank'; increase in FDI limit in the insurance sector; and sufficient resources kept aside for recapitalization.
Ÿ   The budget has created a roadmap for infrastructure growth proposing a dedicated development finance institution; 15% y-o-y
    increase in capex allocation in the nine core sectors; and boosting private sector capital via asset monetization.
Ÿ   PM Aatmanirbhar Health Yojana to spend INR 64,100 crore over 6 years, in addition to National Health Mission. Health budget
    estimates are at Rs. 2.23 lakh cr. in FY22 up from Budget expectation of Rs. 94 thousand cr. in FY21. Rs.35 thousand cr. allocated
    for COVID-19 vaccines in FY22.
Ÿ   The push for 'Make in India' is visible in stipulating higher customs duty for PLI linked segments like mobile components, solar
    inverters, cotton; Agriculture Infrastructure and Development Cess (AIDC) to be introduced in specific products. As of now Rs.
    2.5 per litre has been imposed on petrol and Rs. 4 per litre on diesel.
Ÿ   For the banking sector, proposals to strengthen the financial system like the creation of more ARCs, Direct Finance Institution to
    fund infrastructure, PSU bank recapitalization, etc. should go a long way in strengthening the financial sector.
Ÿ   On the direct tax front, no material changes were announced. There were expectations of a potential imposition of a COVID cess
    on the rich or corporates, which was avoided.
Ÿ   On Indirect tax front, import duties on inputs such as gold and steel have been reduced while that on chemicals etc. has been
    increased. While an additional cess on petrol and diesel has been introduced, excise duty on the same has been reduced by a
    similar amount. This is unlikely to have much impact on consumers, but it is likely to weigh on state revenues. This is because the
    amount collected through the cess is not liable to be shared with states.
Ÿ   Tax changes for ULIPs: The budget now limits exemptions on proceeds from unit-linked insurance plans that have so far allowed
    large investors to receive tax-free returns. For ULIPs taken on or after Feb. 1, the maturity proceeds of policies with an annual
    premium of more than Rs. 2.5 lakh will be taxable on a par with equity-linked mutual fund schemes; however, any amount
    received on death continues to be exempt without any limit on the annual premium. Also, Individuals holding multiple ULIPs with
    an aggregate premium more than Rs. 2.5 lakh will have to pay tax on the proceeds.

Views on Bond Market by Dhawal Dalal – CIO, Fixed Income
The Union Budget for FY22 was delivered on the backdrop of expectations of pandemic-driven contraction of 7.7% in India's
economic output for FY21 and rebounding of economic growth of 11% in FY22 as highlighted by the Economic Survey. Therefore, it
was quite natural to expect a growth-oriented Union Budget.
The Union Budget for FY22 was focused on ensuring that the ongoing economic revival remains well supported through higher
spending in the infrastructure sector and significant boost to the capital expenditure for FY22. To that extent, the capital expenditure
for FY22 is budgeted at Rs. 5.5 trillion – a solid growth of 34% over the previous year. This higher spending is expected to percolate
into higher level of economic activities in multiple sectors and boost demand for capital goods.
From the bond market's perspective, fiscal deficit for FY21 was revised higher to 9.5% of the GDP. This was sharply higher than
market expectations of ~8%. The upwardly revised fiscal deficit for FY21 was accompanied by announcement of additional
borrowing of Rs. 80,000 cr. to be completed in the next two months. This should take the total gross borrowing to Rs. 13.9 trillion in
FY21. The Union Budget for FY22 has projected fiscal deficit of 6.8% of GDP and gross borrowing of Rs. 12 trillion. This is higher than
the consensus estimates of 5.5% to 6% for the fiscal deficit and around Rs. 11 trillion of gross borrowing in FY22.
Prices of sovereign bonds reacted negatively on the announcement of additional borrowing for FY21 as well as higher-than-
expected gross borrowing & fiscal deficit for FY22. Yield of the benchmark 10Y IGB (5.85% IGB 2030) hardened by around 16 bp from
its lowest level of the day to 6.05% after the Budget speech was concluded. Similarly, yield of benchmark 5Y IGB (5.15% IGB 2025)
hardened by around 25 bp from its low to 5.53% during the same time amid heavy trading volume on NDS-OM.

                                                                                                                                        4
Fund Factsheet - January 2021
Union Budget 2021 – Impact Analysis
Feb 2, 2021

Yields of AAA-rated CPSE bonds tracked the movement in yields of IGB amid thin trading volume. Yields of liquid 5Y AAA-rated CPSE
bonds inched up by around 22-25 bp while yields of liquid 10Y AAA-rated CPSE bonds inched up by around 10 bp from their
yesterday's valuations.
Adverse price action in the bond market is aided by expectations of gradual reduction in the banking system liquidity, normalization
of economic activities, prospects of revival of credit growth going forward, demand-supply imbalance in IGB in FY22, recent sharp
price increase in key industrial commodities and fears of inflation in global economies by a section of influential market
participants.
That said, we expect yields of IGB to remain range-bound in the medium-term due to several supporting factors. Firstly, the RBI is
expected to maintain the accommodative stance in FY22 and keep sufficient
liquidity in the banking system to support economic growth. The RBI is also expected to absorb around Rs. 2 trillion of IGB in FY22
through OMO bond purchases. This should alleviate some pressure on bond prices and help address demand-supply dynamic to
some extent. Secondly, headline consumer inflation is expected to trend lower and remain well within the RBI's range of
expectations in H1FY22. This should support RBI's accommodative stance. Thirdly, the GOI is likely to increase portion of T-Bills in
its net borrowing for FY22, thus helping reduce pressure on IGB to some extent. Lastly, the shape of the yield curve remains quite
steep despite recent hardening of yields. Yields spread between 1Y IGB and 10Y IGB still remains around 185 basis points. This
makes level of 10Y IGB still quite attractive for investors from real yield's (yields net of current inflation) perspective.
What should investors do?
We recommend investors to continue to focus on high quality AAA-rated liquid PSU bonds maturing in 7-10Y maturity bucket for
investment horizon of at least two years. This positioning will not only provide attractive yield to the investors but also reduce
potential price volatility in future in our opinion. Our analysis suggests that corporate bonds maturing in 2 to 4-year segment is a
crowded trade and prone for a sharp pull-back in yields when interest rate cycle begins to normalize in future. Risk to our view comes
from a sharp revival in global economic growth in CY21, sudden increase in geo-political risk, pressure on natural resources & global
supply-chains, secular increase in inflation well beyond G7 central banks' expectations in CY22-23.
Views on Equity Market by Harshad Patwardhan, CFA – CIO, Equities
In November last year, after US elections & positive news on vaccines, we had cautioned our clients about the risk of being
Underweight on Indian equities link to report With today's budget, we believe that risk has gone up a notch even at higher market
levels.
Government's message from the budget is clear: relentless focus on inducing growth and generating employment. Big push to
domestic manufacturing and boost to infrastructure are the key elements of its strategy. Huge focus on privatization of PSUs and
monetization of government assets is meant to raise resources but will also improve productivity. It's a big positive that government
has refrained from raising taxes. This, in a way, is our long-awaited fiscal stimulus. Government has also taken bold steps to
encourage foreign investment and untie banks' hands to support growth.
This move should add fuel to the ongoing recovery and support corporate earnings growth. Positive for equity markets, particularly
for industrial & BFSI sectors. Midcap and small caps will likely outperform. Risks to our view arises from poor execution of
government plans & second wave of infection. Also, don't forget volatility and corrections- which are part of the game.
Story in Charts:
Fiscal Deficit has been relaxed…                                      Gross tax revenue projections seem credible…

                                                                                                                                    5
Fund Factsheet - January 2021
Union Budget 2021 – Impact Analysis
Feb 2, 2021

Total spending ramps up sharply in FY 21…                           Rural Spending likely to see slowdown…

Budget Math – Consolidation begins after 2022…

DISCLAIMER
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 about the same.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
                                                                                                                                  6
Edelweiss                                           An open ended equity scheme
                                                    predominantly investing in large
Large Cap Fund                                      cap stocks

                                                                                                                                                                                Inception Date                                 20-May-09

 Investment Objective                                                                                         (As on 29th January, 2021)
                                                                                                                                                                                Fund Managers Details
The investment objective is to seek to generate long-term capital appreciation from a portfolio predominantly consisting equity and equity-                                     Fund Managers                 Experience   Managing Since
related securities of the 100 largest corporate by market 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.                                                                               Mr. Bharat Lahoti              13 years      02-May-17
                                                                                                                                                                                Mr. Hardik Varma               05 years    11-November-19
 Top Holdings as on January 29, 2021                                                  Portfolio Analysis: Sector-Wise                                                           Fund Size

                                                                                                                                                                                Month End AUM                        Monthly Average AUM
  Name of Instrument                     Industry                     % to Net                     Financial Services                                      32.88%               Rs. 218.73 Crore                     Rs. 226.58 Crore
                                                                       Assets
                                                                                                                   IT                       17.12%
  HDFC Bank Ltd.                         Financial Services              9.17%                                                                                                  NAV (as on January 29, 2021)
                                                                                                   Consumer Goods                      10.69%
  Infosys Ltd.                           IT                              8.18%
                                                                                                             Pharma                    10.21%
                                                                                                                                                                                Direct Plan Dividend Option                      25.0100
  ICICI Bank Ltd.                        Financial Services              7.45%
                                                                                                                                                                                Direct Plan Growth Option                        46.0800
  HCL Technologies Ltd.                  IT                              4.12%                              Oil & Gas           4.50%
  Bharti Airtel Ltd.                     Telecom                         4.11%
                                                                                                                                                                                Regular Plan Dividend Option                     20.4000
                                                                                                         Automobile             4.49%
  Reliance Industries Ltd.               Oil & Gas                       3.69%                                                                                                  Regular Plan Growth Option                       42.9600
                                                                                                            Telecom            4.11%
  Larsen & Toubro Ltd.                   Construction                    3.08%
  Kotak Mahindra Bank Ltd.               Financial Services              2.99%                          Construction           3.08%                                            Minimum Investment Amount
  Axis Bank Ltd.                         Financial Services              2.64%          Cement & Cement Products          1.83%                                                 Rs. 5000/- and multiple of Re. 1/- thereafter
  Tata Consultancy Services Ltd.         IT                              2.62%
                                                                                              Fertilisers & Pesticides        1.61%
  State Bank Of India                    Financial Services              2.58%                                                                                                  Additional investment amount
  Housing Development Finance
                                                                                                                                                                                Rs. 500/- per application & in multiples of Re. 1/-
  Corp Ltd.                            Financial Services                2.46%       Market Capitalization (% of total)                                                         thereafter
  Bajaj Finance Ltd.                   Financial Services                2.28%
  Divi's Laboratories Ltd.             Pharma                            2.06%
                                                                                                                                                                                Exit Load
  ITC Ltd.                             Consumer Goods                    2.04%
                                                                                                                  6.25%                                                         • If the Units are redeemed / switched out on or
  Hindustan Unilever Ltd.              Consumer Goods                    1.96%
  Maruti Suzuki India Ltd.             Automobile                        1.86%                                                                                                  before 365 days from the date of allotment – 1.00%
  Ultratech Cement Ltd.                Cement & Cement Products          1.83%                                                                                                  • If the Units are redeemed / switched out after 365
  Nestle India Ltd.                    Consumer Goods                    1.71%                                                                                                  days from the date of allotment – Nil
  Avenue Supermarts Ltd.               Consumer Goods                    1.64%
  HDFC Life Insurance Company Ltd. Financial Services                    1.31%                                                                                                  Total Expense Ratios~:
  Mahindra & Mahindra Ltd.             Automobile                        1.18%                                                                                                  Regular Plan                                        2.49%
  Torrent Pharmaceuticals Ltd.         Pharma                            1.11%
                                                                                                                                                                                Direct Plan                                         1.05%
  Dr. Reddy's Laboratories Ltd.        Pharma                            1.11%                                                                  93.75%
  Power Grid Corporation Of India Ltd. Power                             1.08%
  Eicher Motors Ltd.                   Automobile                        1.00%
  Cipla Ltd.                           Pharma                            0.95%
                                                                                                             Large cap           Mid cap
  Larsen & Toubro Infotech Ltd.        IT                                0.92%
  Gland Pharma Ltd.                    Pharma                            0.86%
  Tata Consumer Products Ltd.          Consumer Goods                    0.81%
  Other                                                                 21.20%

                            Quantitative indicators Quantitative indicators As on January 29, 2021

                                 21.73%              Sharpe                 0.97             Active                      60
                                                     Ratio**                                  bets

                                   Std.                                     Beta                                Total stocks
                                 deviation            0.19                                  29.16%               in portfolio

  Top 10 stocks@            Net Equity                         Portfolio Turnover Ratio^                                 Total Portfolio Turnover Ratio^

                                                                                                                                                                                This product is suitable for investors who are seeking*
     48.05%                  99.61%                            Equity               F&O                                                     3.37
                                                                1.40                1.97                                                                                        • To create wealth in the long term
                                                                                                                                                                                • Investment predominantly in equity and equity related
**Risk free rate of return (FIMMDA Overnight MIBOR) 3.47% | @ Top 10 Stock also includes the Future and Options                                                                   securities including equity derivatives of the 100
                                                                                                                                                                                  largest companies by market capitalization, listed in
                                                                                                                                                                                  India.
 Fund Performance as on January 29, 2021                                                                                                                                        *Investors should consult their financial advisers if in
                                                                                                                                                                                doubt about whether the product is suitable for them.
                                                                                           Benchmark                               Additional Benchmark
                                                    Scheme - Regular Plan
                                                                                       (Nifty 50 TR Index)                       (S&P BSE Sensex TR Index)
                   Period
                                                Returns*       Value of Rs. 10000   Returns*       Value of Rs. 10000            Returns*            Value of Rs. 10000                                                         Investors
                                                                    Invested                            Invested                                          Invested                      AT
                                                                                                                                                                                             E
                                                                                                                                                                                                                              understand
                                                                                                                                                                                   ER
                                                                                                                                                                                 OD

   1 Year                                       12.94%             11,290           15.27%             11,522                    15.09%                  11,505                                                                 that their
                                                                                                                                                                                M

   3 Year                                        7.62%             12,463           8.70%              12,841                     10.08%                 13,336                                                                  principal
                                                                                                                                                                          LOW

                                                                                                                                                                                                                                 will be at
   5 Year                                       12.89%             18,343           13.94%             19,214                    14.65%                  19,826
                                                                                                                                                                                                                                      Very
   Since Inception - Regular Plan               13.26%             42,960           11.77%             36,779                    12.29%                  38,845                                  RISKOMETER
                                                                                                                                                                                                                                High Risk
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
* CAGR Return.

Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss Large Cap 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. Bharat Lahoti (Managing this fund from May 2, 2017) & The scheme is currently managed by Mr. Hardik Varma (Managing this fund from May 11, 2019)
   Please refer page no. 47 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.

                                                                                                                                                                                                                                          7
Edelweiss                                            An open ended equity scheme
                                                     investing in both large cap and
Large & Mid Cap                                      mid cap stocks

Fund

                                                                                                                                                                                Inception Date                                  14-Jun-07

 Investment Objective                                                                                             (As on 29th January, 2021)
                                                                                                                                                                                Fund Managers Details
The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly Large Cap                                    Fund Managers                 Experience   Managing Since
and Mid Cap equity and equity-related securities However, there can be no assurance that the investment objective of the Scheme will be
realised.                                                                                                                                                                       Mr. Harshad Patwardhan, 25 years             14-Jun-07
                                                                                                                                                                                CFA.

 Top Holdings as on January 29, 2021                                                       Portfolio Analysis: Sector-Wise                                                      Fund Size

                                                                                                                                                                                Month End AUM                      Monthly Average AUM
  Name of Instrument                  Industry                         % to Net                           Financial Services                             29.60%                 Rs. 603.82 Crore                   Rs. 629.17 Crore
                                                                        Assets
                                                                                                          Consumer Goods                  10.98%                                NAV (as on January 29, 2021)
  HDFC Bank Ltd.                         Financial Services              6.07%                                           IT               9.76%                                 Direct Plan Dividend Option                      18.4980
  Infosys Ltd.                           IT                              6.03%
                                                                                                   Industrial Manufacturing          7.73%                                      Direct Plan Growth Option                        42.0560
  ICICI Bank Ltd.                        Financial Services              5.69%
  Cholamandalam Investment                                                                                     Construction         6.88%                                       Regular Plan Dividend Option                     16.7230
  & Fin Co Ltd.                          Financial Services              3.04%                                  Automobile         5.46%                                        Regular Plan Growth Option                       38.2970
  State Bank Of India                    Financial Services              3.01%
  Bharti Airtel Ltd.                     Telecom                         2.93%                                    Oil & Gas        5.19%
  Axis Bank Ltd.                         Financial Services              2.90%                                      Pharma         4.74%                                        Minimum Investment Amount
  Larsen & Toubro Ltd.                   Construction                    2.82%
                                                                                                 Cement & Cement Products         3.50%                                         Rs. 5,000/- per application & in multiples of Re. 1/-
  Reliance Industries Ltd.               Oil & Gas                       2.82%
  Ultratech Cement Ltd.                  Cement & Cement Products        2.56%                                     Telecom        2.93%                                         thereafter
  Dixon Technologies (india) Ltd.        Consumer Goods                  2.26%
  Mphasis Ltd.                           IT                              2.26%                                                                                                  Additional investment amount
  Housing Development Finance                                                             Asset Allocation
                                                                                          Market Capitalization
                                                                                                           (% of (%
                                                                                                                  total)
                                                                                                                     of total)                                                  Rs. 500/- per application & in multiples of Re. 1/-
  Corp Ltd.                              Financial Services              2.22%                                                                                                  thereafter
  Gujarat Gas Ltd.                       Oil & Gas                       1.92%
  Ashok Leyland Ltd.                     Automobile                      1.73%
  SRF Ltd.                               Industrial Manufacturing        1.68%                                                                                                  Exit Load
                                                                                                                7.64%
  Coromandel International Ltd.          Fertilisers & Pesticides        1.60%                                                                                                  • If the Units are redeemed / switched out on or
  The Phoenix Mills Ltd.                 Construction                    1.55%                                                                                                  before 12 months from the date of allotment – 1.00%
  HCL Technologies Ltd.                  IT                              1.47%                                                                                                  • If the Units are redeemed / switched out after 12
  Crompton Greaves Cons                                                                                                                                                         months from the date of allotment – Nil
  Electrical Ltd.                        Consumer Goods                 1.46%
  Minda Industries Ltd.                  Automobile                     1.44%
  Cummins India Ltd.                     Industrial Manufacturing       1.42%                    38.90%                                                                         Total Expense Ratios~:
  Jindal Steel & Power Ltd.              Metals                         1.35%                                                                                                   Regular Plan                                        2.43%
                                                                                                                                                      53.47%
  Equitas Holdings Ltd.                  Financial Services             1.31%
  Kansai Nerolac Paints Ltd.             Consumer Goods                 1.27%                                                                                                   Direct Plan                                         0.86%
  Hindustan Unilever Ltd.                Consumer Goods                 1.25%
  Honeywell Automation India Ltd.        Industrial Manufacturing       1.24%
  Jubilant Foodworks Ltd.                Consumer Goods                 1.22%
  Divi's Laboratories Ltd.               Pharma                         1.20%
                                                                                                            Large cap          Mid cap      Small cap
  Indusind Bank Ltd.                     Financial Services             1.14%
  Other                                                                31.14%

                            Quantitative indicators Quantitative indicators As on January 29, 2021

                                 21.15%               Sharpe                 0.87                Active                   64
                                                      Ratio**                                     bets

                                   Std.                                      Beta                                   Total stocks
                                 deviation                                                                           in portfolio
                                                       0.15                                      53.81%

  Top 10 stocks
               @
                            Net Equity                          Portfolio Turnover Ratio^                                  Total Portfolio Turnover Ratio^

     37.87%                  96.05%                             Equity                   F&O                                                  0.74
                                                                 0.74                    0.00

                                                                                                                                                                                This product is suitable for investors who are seeking*
**Risk free rate of return (FIMMDA Overnight MIBOR) 3.47% | @ Top 10 Stock also includes the Future and Options
                                                                                                                                                                                • Long-term capital growth.
                                                                                                                                                                                • Investments predominantly in equity and equity related
 Fund Performance as on January 29, 2021                                                                                                                                          securities of large & mid cap companies.
                                                                                                                                                                                *Investors should consult their financial advisers if in
                                                                                                 Benchmark                            Additional Benchmark                      doubt about whether the product is suitable for them.
                                                    Scheme - Regular Plan
                                                                                     (Nifty Large Midcap 250 TR Index)                 (Nifty 50 TR Index)
                   Period
                                                 Returns*       Value of Rs. 10000      Returns*        Value of Rs. 10000        Returns*           Value of Rs. 10000
                                                                     Invested                                Invested                                     Invested                           E
                                                                                                                                                                                                                                Investors
                                                                                                                                                                                        AT
                                                 13.71%             11,367              17.31%              11,726                15.27%                11,522                                                                understand
                                                                                                                                                                                   ER

   1 Year
                                                                                                                                                                                 OD

                                                                                                                                                                                                                                that their
                                                                                                                                                                                M

   3 Year                                         6.74%             12,158               6.18%              11,969                 8.70%                12,841
                                                                                                                                                                                                                                 principal
   5 Year                                        12.66%             18,158              14.34%              19,555                13.94%                19,214
                                                                                                                                                                          LOW

                                                                                                                                                                                                                                 will be at
   Since Inception - Regular Plan                10.35%             38,297              11.55%              44,420                10.36%                38,367                                                                        Very
                                                                                                                                                                                                 RISKOMETER
                                                                                                                                                                                                                                High Risk
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
* CAGR Return.
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss Large & Mid Cap Fund. Returns are for Growth Option only. Since
   Inception returns are calculated on Rs. 10/- invested at inception of the scheme. 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 Harshad Patwardhan (managing this fund from June 14, 2007). Please refer page no. 47 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.
6. Please note that the scheme is acquired from JPMorgan mutual fund on and from the close of business hours of November 25, 2016, hence disclosure requirement vide SEBI Circular no.
   SEBI/HO/IMD/DF3/CIR/P/2018/69 dated April 12, 2018 on performance disclosure post consolidation/ Merger of Schemes, prior to acquisition date, is not provided.
                                                                                                                                                                                                                                          8
Edelweiss                                           An open ended dynamic equity scheme investing
                                                    across large cap, mid cap, small cap stocks
Flexi-Cap Fund

                                                                                                                                                                          Inception Date                                 3-Feb-15

 Investment Objective                                                                                        (As on 29th January, 2021)
                                                                                                                                                                          Fund Managers Details
The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio that dynamically invests
                                                                                                                                                                          Fund Managers                 Experience Managing Since
in equity and equity-related securities of companies across various market capitalisation.
However, there can be no assurance that the investment objective of the Scheme will be realized.                                                                          Mr. Harshad Patwardhan, 25 years           03-Feb-15
                                                                                                                                                                          CFA.
 Top Holdings as on January 29, 2021                                                  Portfolio Analysis: Sector-Wise
                                                                                                                                                                          Fund Size
 Name of Instrument                      Industry                     % to Net                                                                                            Month End AUM                      Monthly Average AUM
                                                                                                   Financial Services                                32.85%
                                                                       Assets
                                                                                                                                                                          Rs. 609.59 Crore                   Rs. 635.51 Crore
                                                                                                                  IT                  13.21%
 Infosys Ltd.                            IT                               8.77%
 HDFC Bank Ltd.                          Financial Services               8.19%                         Construction           7.62%
 ICICI Bank Ltd.                         Financial Services               7.66%                    Consumer Goods              7.61%                                      NAV (as on January 29, 2021)
 Bharti Airtel Ltd.                      Telecom                          3.86%                          Automobile           5.76%                                       Direct Plan Dividend Option                     16.1340
 Larsen & Toubro Ltd.                    Construction                     3.52%                                                                                           Direct Plan Growth Option                       18.2330
                                                                                             Industrial Manufacturing         5.39%
 Dixon Technologies (india) Ltd.         Consumer Goods                   3.02%
                                                                                                            Oil & Gas        5.07%                                        Regular Plan Dividend Option                    15.1050
 Reliance Industries Ltd.                Oil & Gas                        2.97%
                                                                                                                                                                          Regular Plan Growth Option                      16.9620
 Axis Bank Ltd.                          Financial Services               2.97%                              Pharma          4.99%
 State Bank Of India                     Financial Services               2.95%                             Telecom          3.86%
 Housing Development Finance                                                                                                                                              Minimum Investment Amount
                                                                                        Cement & Cement Products            3.23%
 Corp Ltd.                               Financial Services               2.71%                                                                                           Rs. 5,000/- per application & in multiples of Re. 1/-
 Ultratech Cement Ltd.                   Cement & Cement Products         2.15%                                                                                           thereafter
 HCL Technologies Ltd.                   IT                               1.85%
 Ashok Leyland Ltd.                      Automobile                       1.76%      Market Capitalization (% of total)
                                                                                                                                                                          Additional investment amount
 Tata Consultancy Services Ltd.          IT                               1.72%
 Kotak Mahindra Bank Ltd.                Financial Services               1.45%                                                                                           Rs. 500/- per application & in multiples of Re 1/-
 Hindustan Unilever Ltd.                 Consumer Goods                   1.44%                                                                                           thereafter
 Gujarat Gas Ltd.                        Oil & Gas                        1.41%                         8.88%
 Amber Enterprises India Ltd.            Consumer Goods                   1.39%                                                                                           Exit Load
 Divi's Laboratories Ltd.                Pharma                           1.33%                                                                                           • If the Units are redeemed / switched out on or
 Dr. Reddy's Laboratories Ltd.           Pharma                           1.33%                                                                                           before 12 months from the date of allotment – 1.00%
 Equitas Holdings Ltd.                   Financial Services               1.32%                22.99%                                                                     • If the Units are redeemed / switched out after 12
 The Phoenix Mills Ltd.                  Construction                     1.30%                                                                                           months from the date of allotment – Nil
 Cipla Ltd.                              Pharma                           1.26%
 Honeywell Automation India Ltd.         Industrial Manufacturing         1.26%                                                                   68.13%
                                                                                                                                                                          Total Expense Ratios~:
 SRF Ltd.                                Industrial Manufacturing         1.25%
 Brigade Enterprises Ltd.                Construction                     1.23%                                                                                           Regular Plan                                      2.40%
 Kansai Nerolac Paints Ltd.              Consumer Goods                   1.22%                                                                                           Direct Plan                                       0.65%
 Minda Industries Ltd.                   Automobile                       1.19%
 Escorts Ltd.                            Automobile                       1.18%                    Large cap        Mid cap           Small cap
 Coromandel International Ltd.           Fertilisers & Pesticides         1.16%
 Other                                                                   25.18%

                            Quantitative indicators Quantitative indicators As on January 29, 2021

                                 21.57%              Sharpe                 0.93             Active                 54
                                                     Ratio**                                  bets

                                   Std.                                     Beta                               Total stocks
                                 deviation            0.06                                  48.96%              in portfolio

  Top 10 stocks@            Net Equity                         Portfolio Turnover Ratio^                                Total Portfolio Turnover Ratio^

     46.62%                  94.89%                            Equity                F&O                                                0.76
                                                                0.76                 0.00
                                                                                                                                                                          This product is suitable for investors who are seeking*
**Risk free rate of return (FIMMDA Overnight MIBOR) 3.47% | @ Top 10 Stock also includes the Future and Options
                                                                                                                                                                          • Long Term Capital Growth
                                                                                                                                                                          • Investment in equity and equity-related securities of
 Fund Performance as on January 29, 2021                                                                                                                                    companies across various market capitalisations.

                                                                                                                                                                          *Investors should consult their financial advisers if in
                                                                                           Benchmark                            Additional Benchmark                      doubt about whether the product is suitable for them.
                                                    Scheme - Regular Plan
                                                                                      (Nifty 500 TR Index)                       (Nifty 50 TR Index)
                   Period
                                                Returns*       Value of Rs. 10000   Returns*       Value of Rs. 10000        Returns*          Value of Rs. 10000
                                                                    Invested                            Invested                                    Invested                           E
                                                                                                                                                                                                                        Investors
                                                                                                                                                                                  AT
                                                                                                                                                                                                                      understand
                                                                                                                                                                             ER

   1 Year                                       11.19%             11,116           15.87%            11,582                 15.27%               11,522
                                                                                                                                                                           OD

                                                                                                                                                                                                                        that their
                                                                                                                                                                          M

   3 Year                                        4.69%             11,474           6.49%             12,073                  8.70%               12,841                                                                 principal
                                                                                                                                                                    LOW

   5 Year                                       13.11%             18,530           13.61%            18,938                 13.94%               19,214                                                                 will be at
   Since Inception - Regular Plan                9.22%             16,962           9.24%             16,981                  9.02%               16,779                                                              Moderately
                                                                                                                                                                                           RISKOMETER
                                                                                                                                                                                                                        High Risk
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
* CAGR Return.
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss Flexi-Cap Fund. Returns are for Growth Option only. Since Inception
   returns are calculated on Rs. 10/- invested at inception of the scheme. 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 Harshad Patwardhan (managing this fund from February 3, 2015). Please refer page no. 47 for name of the other schemes currently managed by the Fund
   Managers and relevant scheme for performance.
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: BSE, Bloomberg.
6. Please note that the scheme is acquired from JPMorgan mutual fund on and from the close of business hours of November 25, 2016, hence disclosure requirement vide SEBI Circular no.
   SEBI/HO/IMD/DF3/CIR/P/2018/69 dated April 12, 2018 on performance disclosure post consolidation/ Merger of Schemes, prior to acquisition date, is not provided.

                                                                                                                                                                                                                                    9
Edelweiss                                           An open ended equity scheme
                                                    predominantly investing in mid
Mid Cap Fund                                        cap stocks

                                                                                                                                                                           Inception Date                               26-Dec-2007

 Investment Objective                                                                                          (As on 29th January, 2021)                                  Fund Managers Details

The investment objective is to seek to generate long-term capital appreciation from a portfolio that predominantly invests in equity and                                   Fund Managers                 Experience   Managing Since
equity-related securities of Mid Cap companies. However, there can be no assurance that the investment objective of the Scheme will be                                     Mr. Harshad Patwardhan, 25 years             26-Dec-07
realised.
                                                                                                                                                                           CFA.
                                                                                                                                                                           Fund Size

 Top Holdings as on January 29, 2021                                                   Portfolio Analysis: Sector-Wise                                                     Month End AUM                      Monthly Average AUM
                                                                                                                                                                           Rs. 1,060.76 Crore                 Rs. 1,097.51 Crore
 Name of Instrument                      Industry                     % to Net
                                                                       Assets                      Financial Services                                    23.01%            NAV (as on January 29, 2021)
 Cholamandalam Investment                                                                          Consumer Goods                               15.57%
                                                                                                                                                                           Direct Plan Dividend Option                       31.2500
 & Fin Co Ltd.                           Financial Services               4.56%              Industrial Manufacturing                       13.14%
 The Federal Bank Ltd.                   Financial Services               3.66%
                                                                                                                                                                           Direct Plan Growth Option                         37.8820
                                                                                                         Automobile                      10.62%                            Regular Plan Dividend Option                      23.2500
 Dixon Technologies (india) Ltd.         Consumer Goods                   3.37%
 Shriram Transport Finance                                                                    Fertilisers & Pesticides          4.85%                                      Regular Plan Growth Option                        34.6060
 Company Ltd.                            Financial Services               3.26%                         Construction           4.75%
 SRF Ltd.                                Industrial Manufacturing         3.19%
                                                                                                                   IT          4.57%                                       Minimum Investment Amount
 Mphasis Ltd.                            IT                               3.17%
 Crompton Greaves Cons                                                                  Cement & Cement Products              3.99%                                        Rs. 5,000/- per application & in multiples of Re. 1/-
 Electrical Ltd.                         Consumer Goods                  3.06%                               Pharma           3.58%                                        thereafter
 Apollo Hospitals Enterprise Ltd.        Healthcare Services             2.68%
                                                                                                          Chemicals           3.17%
 JK Cement Ltd.                          Cement & Cement Products        2.68%
 Coromandel International Ltd.           Fertilisers & Pesticides        2.56%                                                                                             Additional investment amount
 City Union Bank Ltd.                    Financial Services              2.54%                                                                                             Rs. 500/- per application & in multiples of Re. 1/-
 Jubilant Foodworks Ltd.                 Consumer Goods                  2.39%        Asset Allocation
                                                                                      Market Capitalization
                                                                                                       (% of (%
                                                                                                              total)
                                                                                                                 of total)                                                 thereafter
 Ashok Leyland Ltd.                      Automobile                      2.37%
 Voltas Ltd.                             Consumer Goods                  2.33%
 PI Industries Limited                   Fertilisers & Pesticides        2.29%                                                                                             Exit Load
 Gujarat Gas Ltd.                        Oil & Gas                       2.15%                                    4.76%
 MRF Ltd.                                Automobile                      2.11%
                                                                                                                                                                           • If the Units are redeemed / switched out on or
 RBL Bank Ltd.                           Financial Services              2.04%                                                                                             before 12 months from the date of allotment – 1.00%
                                                                                                  16.90%
 Bharat Electronics Ltd.                 Industrial Manufacturing        1.97%                                                                                             • If the Units are redeemed / switched out after 12
 Balkrishna Industries Ltd.              Automobile                      1.92%                                                                                             months from the date of allotment – Nil
 Honeywell Automation India Ltd.         Industrial Manufacturing        1.86%
 Amber Enterprises India Ltd.            Consumer Goods                  1.84%
 Tata Power Company Ltd.                 Power                           1.70%                                                                                             Total Expense Ratios~:
 Jindal Steel & Power Ltd.               Metals                          1.66%                                                                                             Regular Plan                                        2.21%
 Escorts Ltd.                            Automobile                      1.64%                                                                                             Direct Plan                                         0.77%
 Max Financial Services Ltd.             Financial Services              1.59%                                                                    78.34%
 Cummins India Ltd.                      Industrial Manufacturing        1.59%
 Minda Industries Ltd.                   Automobile                      1.54%
 IPCA Laboratories Ltd.                  Pharma                          1.48%
 Birlasoft Ltd.                          IT                              1.40%
 Other                                                                  29.40%                          Large cap         Mid cap       Small cap

                            Quantitative indicators Quantitative indicators As on January 29, 2021

                                 25.33%                                      0.87                                        63
                                                     Sharpe                                  Active
                                                     Ratio**                                  bets

                                   Std.                                      Beta                                Total stocks
                                 deviation             0.04                                  50.03%               in portfolio

  Top 10 stocks
               @
                            Net Equity                         Portfolio Turnover Ratio^                                 Total Portfolio Turnover Ratio^

                                                               Equity                F&O                                                                                   This product is suitable for investors who are seeking*
     32.19%                  98.24%                                                                                                      0.76
                                                                0.76                 0.00
                                                                                                                                                                           • Long Term Capital Growth
                                                                                                                                                                           • Investments predominantly in equity and equity related
**Risk free rate of return (FIMMDA Overnight MIBOR) 3.47% | @ Top 10 Stock also includes the Future and Options                                                              securities of mid cap companies.
                                                                                                                                                                           *Investors should consult their financial advisers if in
                                                                                                                                                                           doubt about whether the product is suitable for them.
 Fund Performance as on January 29, 2021                                                                                                                                   ^The Fund Manager may from time to time include other
                                                                                                                                                                           equity and equity related securities outside the universe
                                                                                            Benchmark                                                                      to achieve optimal portfolio construction
                                                    Scheme - Regular Plan                                                        Additional Benchmark
                                                                                    (Nifty Midcap 100 TR Index)                   (Nifty 50 TR Index)
                   Period
                                                Returns*       Value of Rs. 10000   Returns*         Value of Rs. 10000       Returns*          Value of Rs. 10000                                                         Investors
                                                                    Invested                              Invested                                   Invested                      AT
                                                                                                                                                                                        E
                                                                                                                                                                                                                         understand
                                                                                                                                                                              ER
                                                                                                                                                                            OD

   1 Year                                       20.75%              12,069          17.26%              11,721                15.27%                 11,522                                                                that their
                                                                                                                                                                           M

   3 Year                                        4.61%              11,445           1.16%              10,353                 8.70%                 12,841                                                                 principal
                                                                                                                                                                     LOW

                                                                                                                                                                                                                            will be at
   5 Year                                       13.75%              19,060          12.06%              17,684                13.94%                 19,214
                                                                                                                                                                                                                      Very High Risk
   Since Inception - Regular Plan                9.94%              34,606           8.09%              27,708                 7.63%                 26,218                                 RISKOMETER

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
* CAGR Return.
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss Mid Cap Fund. Returns are for Growth Option only. Since Inception
   returns are calculated on Rs. 10/- invested at inception of the scheme. 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 Harshad Patwardhan (managing this fund from December 26, 2007). Please refer page no. 47 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.
6. Please note that Edelweiss Emerging Leaders Fund was merged with JP Morgan India Mid and Small Cap Fund and feature of JP Morgan India Mid and Small Cap Fund was retained with surviving
   scheme name as Edelweiss Mid and Small Cap Fund. Further, performance details as per SEBI Circular dated April 12, 2018 of JP Morgan schemes prior to acquisition data is not provided.

                                                                                                                                                                                                                                    10
Edelweiss                                        An open ended equity scheme
                                                 predominantly investing in small
Small Cap Fund                                   cap stocks

                                                                                                                                                                      Inception Date                                  07-Feb-19
 Investment Objective                                                                                     (As on 29th January, 2021)
                                                                                                                                                                      Fund Managers Details
The investment objective of the scheme is to generate long term capital appreciation from a portfolio that predominantly invests in equity and
equity related securities of small cap companies.                                                                                                                     Fund Managers                 Experience   Managing Since
                                                                                                                                                                      Mr. Harshad Patwardhan, 25 years             07-Feb-19
                                                                                                                                                                      CFA.
                                                                                                                                                                      Fund Size
 Top Holdings as on January 29, 2021                                               Portfolio Analysis: Sector-Wise                                                    Month End AUM                      Monthly Average AUM
                                                                                                                                                                      Rs. 614.85 Crore                   Rs. 638.40 Crore
  Name of Instrument                 Industry                      % to Net
                                                                    Assets                      Financial Services                           14.83%                   NAV (as on January 29, 2021)
  Dixon Technologies (india) Ltd.    Consumer Goods                   5.01%               Industrial Manufacturing                           14.67%                   Direct Plan Dividend Option                       15.6110
  JK Cement Ltd.                     Cement & Cement Products         3.40%                     Consumer Goods                             13.35%                     Direct Plan Growth Option                         15.6090
  The Federal Bank Ltd.              Financial Services               2.47%                              Services                  9.61%                              Regular Plan Dividend Option                      15.1410
  APL Apollo Tubes Ltd.              Metals                           2.46%                                                                                           Regular Plan Growth Option                        15.1420
                                                                                                     Construction                 8.27%
  Laurus Labs Ltd.                   Pharma                           2.25%
                                                                                                               IT          5.98%
  Multi Commodity Exchange Of
  India Ltd.                         Financial Services               2.23%                                Metals          5.38%
                                                                                                                                                                      Minimum Investment Amount
  Orient Electric Ltd.               Consumer Goods                   2.04%                           Automobile           5.36%                                      Minimum of Rs. 5,000/ and multiples of Re. 1/
  Ratnamani Metals & Tubes Ltd.      Metals                           2.04%                               Pharma
                                                                                                                                                                      thereafter.
                                                                                                                          5.04%
  Brigade Enterprises Ltd.           Construction                     1.99%
                                                                                                       Chemicals          4.88%
  TCI Express Ltd.                   Services                         1.98%                                                                                           Additional investment amount
  Amber Enterprises India Ltd.       Consumer Goods                   1.97%
                                                                                                                                                                      Rs.500/ and in multiples of Re. 1/ thereafter.
  Mphasis Ltd.                       IT                               1.96%
  Indian Energy Exchange Ltd.        Financial Services               1.91%        Asset Allocation
                                                                                   Market Capitalization
                                                                                                    (% of (%
                                                                                                           total)
                                                                                                              of total)
  Aegis Logistics Ltd.               Oil & Gas                        1.82%                                                                                           Exit Load
  Praj Industries Ltd.               Industrial Manufacturing         1.74%                                                                                           •If the Units are redeemed / switched out on or
  KEC International Ltd.             Construction                     1.73%                                                                                           before 12 months from the date of allotment -1.00%
  GMM Pfaudler Ltd.                  Industrial Manufacturing         1.73%                                                                                           • If the Units are redeemed / switched out after 12
  Gateway Distriparks Ltd.           Services                         1.70%                32.51%                                                                     months from the date of allotment – Nil
  Subros Ltd.                        Automobile                       1.70%
  Birlasoft Ltd.                     IT                               1.69%                                                                  67.49%                   Total Expense Ratios~:
  Deepak Nitrite Ltd.                Chemicals                        1.67%                                                                                           Regular Plan                                        2.41%
  Can Fin Homes Ltd.                 Financial Services               1.64%                                                                                           Direct Plan                                         0.85%
  Teamlease Services Ltd.            Services                         1.62%
  Mastek Ltd.                        IT                               1.58%
  Equitas Holdings Ltd.              Financial Services               1.57%
  Century Plyboards (india) Ltd.     Consumer Goods                   1.56%
  Chambal Fertilizers &
  Chemicals Ltd.                     Fertilisers & Pesticides        1.56%
  Timken India Ltd.                  Industrial Manufacturing        1.55%
                                                                                                             Small cap   Mid cap
  Mahindra Logistics Ltd.            Services                        1.54%
  KEI Industries Ltd.                Industrial Manufacturing        1.46%
  Other                                                             40.43%

                          Quantitative indicators Quantitative indicators As on January 29, 2021

                                          70.24%         Total stocks          25.87%
                                                          in portfolio                          Net Equity

                                           Active                         Top 10 stocks
                                            bets
                                                              71                                  98.74%

                                     Portfolio Turnover Ratio^                            Total Portfolio Turnover Ratio^
                                                                                                                                                                      This product is suitable for investors who are seeking*
                                     Equity               F&O                                                                                                         • Long Term Capital Appreciation Growth
                                      0.68                0.00                                            0.68
                                                                                                                                                                      • Investments predominantly in equity and equity related
                                                                                                                                                                        securities of small cap companies.

                                                                                                                                                                      *Investors should consult their financial advisers if in
                                                                                                                                                                      doubt about whether the product is suitable for them.
 Fund Performance as on January 29, 2021                                                                                                                              ^The Fund Manager may from time to time include other
                                                                                                                                                                      equity and equity related securities outside the universe
                                                                                         Benchmark                         Additional Benchmark                       to achieve optimal portfolio construction
                                                 Scheme - Regular Plan
                                                                                  (Nifty Smallcap 250 TRI)                  (Nifty 50 TR Index)
                 Period
                                              Returns*    Value of Rs. 10000     Returns*       Value of Rs. 10000       Returns*          Value of Rs. 10000
                                                               Invested                              Invested                                   Invested                           E
                                                                                                                                                                                                                      Investors
                                                                                                                                                                              AT
                                                                                                                                                                                                                    understand
                                                                                                                                                                         ER

   1 Year                                     26.32%          12,624             19.43%             11,937               15.27%               11,522
                                                                                                                                                                       OD

                                                                                                                                                                                                                      that their
                                                                                                                                                                      M

   3 Year                                       NA               NA                NA                  NA                  NA                       NA                                                                 principal
                                                                                                                                                                LOW

   5 Year                                       NA               NA                NA                  NA                  NA                       NA                                                                 will be at
   Since Inception - Regular Plan             23.34%          15,142             12.72%             12,672               12.42%               12,605                                                             Very High Risk
                                                                                                                                                                                       RISKOMETER

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
* CAGR Return.

Notes:
1. Different plans shall have different expense structure.
2. The scheme is currently managed by Harshad Patwardhan (managing this fund from February 07, 2019). Please refer page no. 47 for name of the other schemes currently managed by the Fund
   Managers and relevant scheme for performance.
3. Active bets are those where the fund have exposure away from the weightage as compared to benchmark. Source: Bloomberg.

                                                                                                                                                                                                                               11
Edelweiss                                                  An open ended equity linked saving
                                                           scheme with a statutory lock in of
Long Term Equity                                           3 years and tax benefit

Fund (Tax Savings)
                                                 (Name of the Scheme was changed from Edelweiss ELSS Fund to Edelweiss
                                                 Long Term Equity Fund (Tax Savings) with effect from February 26, 2018)                                                Inception Date                                 30-Dec-08

 Investment Objective                                                                                       (As on 29th January, 2021)
                                                                                                                                                                        Fund Managers Details
The primary objective of the Scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in
periods from a portfolio that invests predominantly in equity and equity related instruments. However, there is no assurance that the                                   Fund Managers                 Experience   Managing Since
investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.                                                            Mr. Harsh Kothari              8 years       30-Apr-19
                                                                                                                                                                        Mr. Pratik Dharmshi            9 years       30-Apr-19
 Top Holdings as on January 29, 2021                                              Portfolio Analysis: Sector-Wise                                                       Fund Size

 Name of Instrument                  Industry                    % to Net                                                                                               Month End AUM                      Monthly Average AUM
                                                                                                 Financial Services                                32.51%
                                                                  Assets                                                                                                Rs. 147.57 Crore                   Rs. 152.85 Crore
                                                                                                                IT                  13.46%
 Infosys Ltd.                        IT                              8.48%                                                                                              NAV (as on January 29, 2021)
                                                                                                 Consumer Goods                     13.30%
 HDFC Bank Ltd.                      Financial Services              7.91%                                                                                              Direct Plan Dividend Option                      22.5100
 ICICI Bank Ltd.                     Financial Services              6.99%                               Oil & Gas          5.69%
                                                                                                                                                                        Direct Plan Growth Option                        59.4700
 Housing Development Finance                                                                          Construction          5.56%
 Corp Ltd.                           Financial Services              4.68%
                                                                                                                                                                        Regular Plan Dividend Option                     16.9700
                                                                                                            Pharma          5.40%                                       Regular Plan Growth Option                       54.1900
 Axis Bank Ltd.                      Financial Services              4.05%
 Bharti Airtel Ltd.                  Telecom                         3.87%                             Automobile           5.19%
 Reliance Industries Ltd.            Oil & Gas                       3.84%                                Telecom          3.87%                                        Minimum Investment Amount
 Larsen & Toubro Ltd.                Construction                    3.60%            Cement & Cement Products             3.51%                                        Rs. 500/- per application & in multiples of Re. 500/-
 State Bank Of India                 Financial Services              2.27%                                                                                              thereafter
                                                                                        Industrial Manufacturing          3.35%
 Mphasis Ltd.                        IT                              2.15%
 Dixon Technologies (india) Ltd.     Consumer Goods                  2.01%                                                                                              Additional investment amount
 Hindustan Unilever Ltd.             Consumer Goods                  2.00%
                                                                                                                                                                        Rs. 500/- per application & in multiples of Re 500/-
 ITC Ltd.                            Consumer Goods                  1.77%       Market Capitalization (% of total)
 Tata Consultancy Services Ltd.      IT                              1.65%                                                                                              thereafter
 Ultratech Cement Ltd.               Cement & Cement Products        1.63%
 Honeywell Automation India Ltd.     Industrial Manufacturing        1.56%                                                                                              Exit Load                                                Nil
 Minda Industries Ltd.               Automobile                      1.45%
 Mahindra Logistics Ltd.             Services                        1.40%                            10.25%
                                                                                                                                                                        Total Expense Ratios~:
 Divi's Laboratories Ltd.            Pharma                          1.35%
 Maruti Suzuki India Ltd.            Automobile                      1.31%                                                                                              Regular Plan                                        2.37%
 Bajaj Finance Ltd.                  Financial Services              1.28%                                                                                              Direct Plan                                         0.69%
                                                                                        19.41%
 Crompton Greaves Cons
 Electrical Ltd.                     Consumer Goods                  1.26%
 Amber Enterprises India Ltd.        Consumer Goods                  1.24%
 JK Cement Ltd.                      Cement & Cement Products        1.23%                                                                    70.34%
 Kotak Mahindra Bank Ltd.            Financial Services              1.21%
 HCL Technologies Ltd.               IT                              1.18%
 Century Plyboards (india) Ltd.      Consumer Goods                  1.18%
 Ashok Leyland Ltd.                  Automobile                      1.16%
 Equitas Holdings Ltd.               Financial Services              1.09%
                                                                                                     Large cap Mid cap             Small cap
 Brigade Enterprises Ltd.            Construction                    1.01%
 Other                                                              24.19%

                          Quantitative indicators Quantitative indicators As on January 29, 2021

                                        22.07%            Sharpe               0.95           Total stocks                 45.78%
                                                          Ratio**                              in portfolio

                                         Std.                                  Beta                                         Active
                                       deviation           -0.01                                       59                    bets

     Top 10 stocks                  Net Equity                      Portfolio Turnover Ratio^                         Total Portfolio Turnover Ratio^

        47.84%                       97.14%                      Equity                   F&O
                                                                                          0.00                                        0.50
                                                                  0.50
                                                                                                                                                                        This product is suitable for investors who are seeking*
**Risk free rate of return (FIMMDA Overnight MIBOR) 3.47%
                                                                                                                                                                        • To create wealth in the long term
                                                                                                                                                                        • Investment in equity and equity-related securities that
 Fund Performance as on January 29, 2021                                                                                                                                  will be locked-in for the first three years.
                                                                                                                                                                        *Investors should consult their financial advisers if in
                                                                                       Benchmark                              Additional Benchmark
                                                 Scheme - Regular Plan                                                                                                  doubt about whether the product is suitable for them.
                                                                                  (Nifty 500 TR Index)                         (Nifty 50 TR Index)
                 Period
                                            Returns*      Value of Rs. 10000   Returns*       Value of Rs. 10000           Returns*          Value of Rs. 10000
                                                               Invested                            Invested                                       Invested                           E
                                                                                                                                                                                                                        Investors
                                                                                                                                                                                AT
                                            10.74%            11,070           15.87%               11,582                 15.27%               11,522                                                                understand
                                                                                                                                                                           ER

   1 Year
                                                                                                                                                                         OD

                                                                                                                                                                                                                        that their
                                                                                                                                                                        M

   3 Year                                     3.15%           10,974            6.49%               12,073                  8.70%               12,841
                                                                                                                                                                                                                         principal
   5 Year                                     9.99%           16,104           13.61%               18,938                 13.94%               19,214
                                                                                                                                                                  LOW

                                                                                                                                                                                                                         will be at
   Since Inception - Regular Plan           15.00%            54,190           15.37%               56,300                 14.76%               52,845                                                                        Very
                                                                                                                                                                                         RISKOMETER
                                                                                                                                                                                                                        High Risk
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
* CAGR Return.

Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss Long Term Equity Fund (Tax Savings). 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. Harsh Kothari and Mr. Pratik Dharmshi (Managing since April 30, 2019). Please refer page no. 47 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.

                                                                                                                                                                                                                                 12
Edelweiss                                        An open ended scheme investing in
Arbitrage Fund                                   arbitrage opportunities

 Investment Objective                                                                                        (As on 29th January, 2021)                                     Inception Date                                   27-Jun-14

The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the                                      Fund Managers Details
derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the
balance in debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be realized.                                  Fund Managers                  Experience   Managing Since
                                                                                                                                                                            Equity Portion:
 Top Holdings as on January 29, 2021                                                  Portfolio Analysis: Sector-Wise                                                       Mr. Bhavesh Jain                11 years      27-Jun-14
 (Quantity fully hedged against derivative)                                                                                                                                 Debt Portion:
 Name of Instrument                  Industry                      % to Net                                                                                                 Mr. Dhawal Dalal                21 years      22-Dec-16
                                                                                            Financial Services                                            16.52%
                                                                    Assets
                                                                                                       Pharma                            8.41%
 Bharti Airtel Ltd.                 Telecom                            4.16%                                                                                                Fund Size
                                                                                                         Metals                       7.10%
 ICICI Bank Ltd.                    Financial Services                 3.38%
 Tata Steel Ltd.                    Metals                             3.09%                  Consumer Goods                          7.08%                                 Month End AUM                        Monthly Average AUM
 Sun Pharmaceutical                                                                                   Telecom                       5.84%
                                                                                                                                                                            Rs. 3,323.48 Crore                   Rs. 3,272.18 Crore
 Industries Ltd.                    Pharma                             2.78%
                                                                                                      Services                4.12%
 Housing Development Finance                                                                                                                                                NAV (as on January 29, 2021)
 Corp Ltd.                          Financial Services                 2.50%                      Automobile                3.55%
 Cipla Ltd.                         Pharma                             2.01%                                                                                                Direct Plan Dividend Option                       11.1678
                                                                                                             IT             3.09%
 Adani Ports & Special Economic                                                                                                                                             Direct Plan Monthly Dividend Option               12.8334
                                                                                                      Oil & Gas           2.62%
 Zone Ltd.                          Services                 1.96%                                                                                                          Direct Plan Growth Option                         15.6222
 JSW Steel Ltd.                     Metals                   1.93%                  Cement & Cement Product              2.06%
                                                                                                                                                                            Regular Plan Dividend Option                      11.0198
 Grasim Industries Ltd.             Cement & Cement Products 1.77%
 Adani Enterprises Ltd.             Services                 1.76%                                                                                                          Regular Plan Monthly Dividend Option              12.2688
 Vodafone Idea Ltd.                 Telecom                  1.66%                                                                                                          Regular Plan Growth Option                        15.0174
 Reliance Industries Ltd.           Oil & Gas                1.47%                   Asset Allocation (% of total)
 HCL Technologies Ltd.              IT                       1.45%                                                                                                          Minimum Investment Amount
 Divi's Laboratories Ltd.           Pharma                   1.33%
 Axis Bank Ltd.                     Financial Services       1.28%                                                                                                          Rs. 5,000/- per application & in multiples of Re. 1/-
                                                                                                                            4.87%
 Pidilite Industries Ltd.           Chemicals                1.27%                                                                                                          thereafter.
 Tata Power Company Ltd.            Power                    1.22%
 Indiabulls Housing Finance Ltd.    Financial Services       1.17%                                                                                                          Additional investment amount
 Asian Paints Ltd.                  Consumer Goods           1.11%
 Punjab National Bank               Financial Services       1.11%                             27.66%                                                                       Rs. 500/- per application & in multiples of
 Tata Consumer Products Ltd.        Consumer Goods           1.10%                                                                                                          Re. 1/- thereafter
 ITC Ltd.                           Consumer Goods           1.08%
 Havells India Ltd.                 Consumer Goods           1.07%
                                                                                                                                                                            Exit Load
 Larsen & Toubro Ltd.               Construction             1.04%
 Vedanta Ltd.                       Metals                   1.03%                                                                               67.47%
                                                                                                                                                                            • If the units are redeemed / switched out on or
 Maruti Suzuki India Ltd.           Automobile               0.84%
                                                                                                                                                                              before 30 days from the date of allotment - 0.10%
 HDFC Bank Ltd.                     Financial Services       0.78%
 Bajaj Finance Ltd.                 Financial Services       0.77%                                                                                                          • If the Units are redeemed / switched out on after 30
 Escorts Ltd.                       Automobile               0.76%                                                                                                             days from the date of allotment - Nil
                                                                                              Equities            Debt        Cash & Other Receivables
 The Federal Bank Ltd.              Financial Services       0.76%
 Other                                                      52.36%
                                                                                                                                                                            Total Expense Ratios~:
                                                                                                                                                                            Regular Plan                                        1.09%
                                          Quantitative indicators As on January 29, 2021
                                                                                                                                                                            Direct Plan                                          0.39%
                                0.27                                    0.28
            Yield to            years            Average                years               Std.                     2.47
         maturity (YTM)#                         Maturity#                                deviation                                           Beta

                              Modified                                Macaulay#                                     Sharpe
                              Duration#            0.27               Duration             0.80%                    Ratio**
             3.39%                                 years                                                                                      0.63

        Total stocks
         in portfolio      Top 10 stocks                     Portfolio Turnover Ratio^                            Total Portfolio Turnover Ratio^

            115              25.34%                 Equity               F&O               Debt                                                                             This product is suitable for investors who are seeking*
                                                                                                                                    13.69
                                                     3.52               10.02              0.14
                                                                                                                                                                            • To generate income by predominantly investing in
                                                                                                                                                                              arbitrage opportunities.
# Yield to maturity (YTM), Modified Duration, Average Maturity and Macaulay Duration for Debt Portion.                                                                      • Investments predominantly in arbitrage opportunities
**Risk free rate of return (FIMMDA Overnight MIBOR) 3.47%                                                                                                                     in the cash and derivative segments of the equity
                                                                                                                                                                              markets and the arbitrage opportunities available
                                                                                                                                                                              within the derivative segment and by investing the
 Fund Performance as on January 29, 2021                                                                                                                                      balance in debt and money market instruments.
                                                                                                                                                                            *Investors should consult their financial advisers if in
                                                                                           Benchmark                                Additional Benchmark
                                                 Scheme - Regular Plan                                        $                                                             doubt about whether the product is suitable for them.
                                                                                  (Nifty 50 Arbitrage PR Index )                     (Nifty 50 TR Index)
                  Period
                                              Returns*       Value of Rs. 10000    Returns*       Value of Rs. 10000          Returns*           Value of Rs. 10000
                                                                  Invested                             Invested                                       Invested                            E
                                                                                                                                                                                                                              Investors
                                                                                                                                                                                     AT
                                              4.09%              10,408            1.84%              10,184                  15.27%                 11,522                                                                understand
                                                                                                                                                                                ER

   1 Year
                                                                                                                                                                              OD

                                                                                                                                                                                                                              that their
                                                                                                                                                                             M

   3 Year                                     5.44%              11,720            4.42%              11,385                     8.70%               12,841
                                                                                                                                                                                                                          principal will
   5 Year                                     5.79%              13,253            4.77%              12,626                  13.94%                 19,214
                                                                                                                                                                      LOW

                                                                                                                                                                                                                         be at low risk
   Since Inception - Regular Plan             6.36%              15,017            5.47%              14,214                  10.80%                 19,677
                                                                                                                                                                                              RISKOMETER

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
* CAGR Return.

Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss Arbitrage Fund. Returns are for Growth Option only. Since
   Inception returns are calculated on Rs.10/- invested at inception of the scheme. 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 Bhavesh Jain (managing this fund from June 27, 2014) and Mr. Dhawal Dalal (Managing this fund from December 22, 2016). Please refer page no. 47 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. $ Nifty 50 Arbitrage TR Index is not available on NSE Website

                                                                                                                                                                                                                                      13
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