Investment Objective

The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the 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 Details

Name of the scheme
Edelweiss Arbitrage Fund
Scheme type
An open-ended equity scheme
Allotment date
Regular Plan27-Jun-14
Direct Plan27-Jun-14
Entry loadNot Applicable
Exit load
• If the Units are redeemed / switched out on or before 30 days from the date of allotment – 0.25%
• If the Units are redeemed / switched out after 30 days from the date of allotment – Nil
For all Plans
Minimum investment amount
Rs. 5000/- per application & in multiples of Re. 1/- thereafter
Additional investment amount
Rs. 1000/- per application & in multiples of Re. 1/- thereafter
Fund managers
Equity Portion:
Fund Manager:Mr. Bhavesh Jain
Experience: 9 years
Co-Fund Manager:Mr. Kartik Soral
Experience: 10 years
Debt Portion:
Fund Manager:Mr. Dhawal Dalal
Experience: 20 years
Managing the scheme(since)
Mr. Bhavesh Jain27-Jun-14
Mr. Kartik Soral1-Apr-15
Mr. Dhawal Dalal22-Dec-16
Quantitative indicators as on March 31, 2017
Portfolio Turnover Ratio^13.08
Total stocks in portfolio 84
Top 10 stocks28.81%
Total Expense Ratios~:
Regular Plan 1.05%
Direct Plan0.40%
~Does not include Service Tax on Investment Management fees.
Benchmark:CRISIL Liquid Fund Index
NAV (as at 31st March 2017, in Rs.)
Direct Plan Dividend Option10.6092
Direct Plan Growth Option12.3671
*Regular Plan Bonus Option12.2043
Regular Plan Dividend Option10.5112
Regular Plan Growth Option12.2043
*Closed for subscription
AUM as on 31 March 2017
Rs. 1,862.01 Crore
Average AUM as on March 2017
Rs. 1,877.42 Crore

     Top 20 Equity Holdings as on Mar 31,2017

(Quantity fully hedged against derivative)
Name of InstrumentIndustry% to Net Assets
Reliance Industries Ltd.Petroleum Products 5.41
ITC Ltd. Consumer Non Durables 4.50
Indiabulls Housing Finance Ltd. Finance 3.42
Century Textiles & Industries Ltd. Cement 3.14
Reliance Infrastructure Ltd. Power 2.41
JSW Steel Ltd. Ferrous Metals 2.25
Bharat Financial Inclusion Ltd. Finance 2.18
Maruti Suzuki India Ltd. Auto 2.15
Reliance Capital Ltd. Finance 1.69
ICICI Bank Ltd. Banks 1.67
Castrol India Ltd. Petroleum Products 1.62
Aurobindo Pharma Ltd. Pharmaceuticals 1.45
The Federal Bank Ltd. Banks 1.44
IDFC Ltd. Finance 1.44
Exide Industries Ltd. Auto Ancillaries 1.29
Dewan Housing Finance Corporation Ltd. Finance 1.27
Sun Pharmaceutical Ind Ltd. Pharmaceuticals 1.26
NCC Ltd. Construction Project 1.25
Tata Global Beverages Ltd. Consumer Non Durables 1.19
Power Grid Corporation of India Ltd. Power 1.18

      Portfolio analysis: Sector-Wise

      Asset Allocation as on Mar 31,2017

     SIP Performance as on Mar 31,2017

If you had invested ₹ 10,000 every month
 1 Year
Total Amount Invested120,000
Total Value as on 31-Mar-2017 124,118
Returns 6.46%
Total Value of CRISIL Liquid Fund Index 124,410
Total Value of Nifty 50 131,278
CRISIL Liquid Fund Index Returns 6.92%
Nifty 50 Returns 17.97%
For SIP returns, monthly investment of equal amounts invested on the 1st working day of every month. Past performance may or may not be sustained in future

     Dividend history

Record dateRate (Re/unit)Record date dividend NAV
Regular Plan Dividend Option
9-Feb-17 0.0450 10.4056
18-Jan-17 0.0500 10.4672
19-Dec-16 0.0600 10.4801
10-Nov-16 0.0800 10.5087
13-Oct-16 0.1000 10.5588

After payment of dividend, the NAV will fall to theextent of dividend payout and statutory levy (ifapplicable). Past performance may or may notbe sustained in future. Dividend is declared onthe face value of Rs. 10/- per unit

     Fund Performance as on Mar 31,2017

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.
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

     Product label

This product is suitable for investors who are seeking*
• To generate income by predominantly investing in arbitrage opportunities.
• Investments predominantly in arbitrage opportunities in the cash and 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.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Riskometer
Investors understand that their principal will be at moderately low risk
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of Regular and Direct 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.
2. The scheme is currently managed by Bhavesh Jain (managing this fund from June 27, 2014), Mr. Kartik Soral (Managing this fund from April 1, 2015) and Mr. Dhawal Dalal (Managing this fund from December 22, 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. For the performance of other Schemes managed by the Fund Managers, please refer to the relevant scheme.
7. 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. not been provided.