Investment Objective

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 investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

     Fund Details

Name of the scheme
Edelweiss ELSS Fund
Scheme type
An Open Ended Equity Linked Savings Scheme
Allotment date
Existing Plan30-Dec-08
Direct Plan24-Jan-13
Entry loadNot Applicable
Exit load Nil
Fund managers
Fund Manager:Mr. Kartik Soral
Experience: 10 years
Assistant Fund Manager:Mr. Bhavesh Jain
Experience: 9 years
Managing the scheme(since)
Mr. Kartik Soral3-Aug-15
Mr. Bhavesh Jain7-Aug-13
For all Plans
Minimum investment amount
Rs. 500/- per application & in multiples of Re. 500/- thereafter
Additional investment amount
Rs. 500/- per application & in multiples of Re. 500/- thereafter
Quantitative indicators as on March 31, 2017
Standard deviation 14.45%
Sharpe ratio** 0.75
Portfolio Beta 0.95
Portfolio Turnover Ratio^ 1.84
**Risk free rate of return (FIMMDA Overnight MIBOR) 7.37%
Total stocks in portfolio 70
Top 10 stocks26.69%
Active positive bets
Total portfolio62.17%
Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark Nifty 500. Source: Bloomberg
Total Expense Ratios~:
Existing Plan 2.68%
Direct Plan 1.93%
~Does not include Service Tax on Investment Management fees.
Benchmark: Nifty 500
NAV (as at 31st March 2017, in Rs.)
Direct Plan Dividend Option 19.8500
Direct Plan Growth Option 42.2600
Dividend Option 16.4700
Growth Option 40.8400
AUM as on 31 March 2017
Rs. 68.49 Crore
Average AUM as on March 2017
Rs. 66.79 Crore

     Top 20 Equity Holdings as on Mar 31,2017

Name of InstrumentIndustry% to Net Assets
Reliance Industries Ltd. Petroleum Products 3.95
Infosys Ltd. Software 3.23
Housing Development Finance Corp Ltd. Finance 2.94
HDFC Bank Ltd. Banks 2.77
Bharti Airtel Ltd. Telecom - Services 2.56
Piramal Enterprises Ltd. Pharmaceuticals 2.54
IndusInd Bank Ltd. Banks 2.23
MRF Ltd. Auto Ancillaries 2.16
Exide Industries Ltd. Auto Ancillaries 2.15
IIFL Holdings Ltd. Finance 2.15
City Union Bank Ltd. Banks 2.15
L&T Finance Holdings Ltd. Finance 2.08
Grasim Industries Ltd. Cement 2.08
HCL Technologies Ltd. Software 2.00
TVS Motor Company Ltd. Auto 1.99
GAIL (India) Ltd. Gas 1.99
NHPC Ltd. Power 1.98
Tata Consultancy Services Ltd. Software 1.97
Indian Oil Corporation Ltd. Petroleum Products 1.95
Yes Bank Ltd. Banks 1.89

      Industry Allocation- % of Equity Holdings

      Portfolio analysis: Market cap-wise

     SIP Performance as on Mar 31,2017

If you had invested ₹ 10,000 every month
 1 Year3 Year5 Year
Total Amount Invested 120,000 360,000 600,000
Total Value as on 31-Mar-2017 133,572 433,838 905,270
Returns 21.73% 12.51% 16.48%
Total Value of Nifty 500 134,250 429,435 857,959
Total Value of Nifty 50 131,278 408,408 793,799
Nifty 500 Returns 22.85% 11.81% 14.29%
Nifty 50 Returns 17.97% 8.38% 11.15%
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
18-Jan-17 0.5000 15.3400
3-Mar-16 0.5000 14.0200
27-Jan-16 1.0000 15.4300
28-Dec-15 0.5000 17.0100
26-Mar-15 0.5000 17.3700

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: Standard deviation and Sharpe ratio are annualized.
^ 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 create wealth in the long term
• Investment in equity and equity-related securities that will be locked-in for the first three years.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal will be at Moderately High Risk
1. Different plans shall have different expense structure. The performance details provided herein are of Existing and Direct Plan of Edelweiss ELSS Fund. Returns are for Growth Option only.
2. The scheme is currently managed by Kartik Soral (managing this fund from August 3, 2015) and Mr. Bhavesh Jain (Managing this fund from August 7, 2013). 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.