Fund Details

Name of the scheme
Edelweiss ETF - Nifty Bank
Scheme type
An Open-Ended Exchange Traded Fund
Allotment date
Edelweiss ETF - Nifty Bank15-Dec-15
Entry loadNot Applicable
Exit LoadNil
Fund managers
Fund Manager:Mr. Bhavesh Jain
Experience: 9 years
Co-Fund Manager:Mr. Hiten Shah
Experience: 9 years
Managing the scheme(since)
Mr. Bhavesh Jain15-Dec-15
Mr. Hiten Shah24-May-16
The Scheme does not offer any Plans/Options for investment.
Minimum Investment Amount
a. Directly with the Mutual Fund (Only for Authorized Participants/Large Investors): The Creation Unit size will be 2000 units, with one unit of the Scheme approximately equivalent to 1/10 the value of Nifty Bank.
b. On the Stock Exchange(s): 1 unit and multiple thereof
Quantitative indicators as on April 30, 2017
Standard deviation -
Sharpe ratio -
Portfolio Beta -
Portfolio Turnover Ratio^ 0.03
Please note: Since the Scheme has not completed 3 years Standard Deviation, Portfolio Beta and Sharpe Ratio is not provided.
^ Lower of sales or purchase divided by average AUM for last rolling 12 months. Ratio as on March, 31 2017
Tracking Error:
Please note that since the Scheme has not completed 3 years, the same is not provided.
Total stocks in portfolio 12
Top 10 stocks 98.29%
Total Expense Ratios~:
Edelweiss ETF - Nifty Bank0.15%
~Does not include Service Tax on Investment Management fees.
Nifty Bank
NAV (as on 28th April 2017, in Rs.)
Edelweiss ETF - Nifty Bank2,247.0696
AUM as on 30 April 2017
Rs. 1.29 Crore
Average AUM as on April 2017
Rs. 1.25 Crore

     Investment Objective

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty Bank Index subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

      Industry Allocation- % of Equity Holdings

     Top 20 Equity Holdings as on April 30, 2017

Name of Instrument Industry % to Net Assets
HDFC Bank Ltd. Banks 32.79
ICICI Bank Ltd. Banks 17.02
Kotak Mahindra Bank Ltd. Banks 11.32
State Bank of India Banks 9.69
Axis Bank Ltd. Banks 9.09
IndusInd Bank Ltd. Banks 7.60
Yes Bank Ltd. Banks 5.65
The Federal Bank Ltd. Banks 1.95
Bank of Baroda Banks 1.86
Punjab National Bank Banks 1.32
IDFC Bank Ltd. Banks 0.91
Canara Bank Banks 0.74

     Fund Performance as on April 30,2017

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.

     Product Label

1. The Scheme does not offer any Plans. The performance details provided herein are of Edelweiss ETF - Nifty Bank. Since Inception returns are calculated on Rs. 1639.87 invested at inception.
2. The scheme is currently managed by Bhavesh Jain (managing this fund from December 15, 2015) and Mr. Hiten Shah (Managing this fund from May 24, 2016). Please refer page no. 30 & 31 for name of the other schemes currently managed by the Fund Managers.
3. # Based on standard investment of Rs 10,000 made in the beginning of the respective period.
4. $ Standard Benchmark prescribed by SEBI vide circular August 22, 2011.
5. In case the start/end date is non business day, the NAV of previous day is used for computation.
6. Since the scheme is in existence for more than 1 year but less than 3 years hence performance data for 3 years and more is not provided
7. For the performance of other Schemes managed by the Fund Managers, please refer to the relevant scheme.

Disclaimer of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE'.
Disclaimer of IISL : The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of “the Product” or any member of the public regarding the advisability of investing in securities generally or in “the Product” linked to Nifty Bank Index or particularly in the ability of the Nifty Bank Index to track general stock market performance in India. Please read the full Disclaimers in relation to the Nifty Bank Index in the in the Scheme Information Document.