Investment Objective

The primary investment objective of the scheme is to generate long term capital appreciation, from a diversified portfolio that is substantially constituted of equity and equity related securities of companies with focus on riding economic cycles through dynamic allocation between various sectors and stocks at different stages of economic activity. This Fund will generally not invest in defensive sectors such as pharmaceuticals, fast moving consumer goods and IT services. However, there can be no assurance that the investment objective of the scheme will be realised.

     Fund Details

Name of the scheme
Edelweiss Economic Resurgence Fund
Scheme type
An open-ended equity scheme
Allotment date
Regular Plan3-Feb-15
Direct Plan3-Feb-15
Entry loadNot Applicable
Exit load
• If the Units are redeemed / switched out on or before 12 months from the date of allotment – 1.00%
• If the Units are redeemed / switched out after 12 months from the date of allotment – Nil
Fund managers
Fund Manager:Mr. Harshad Patwardhan
Experience: 23 years
Assistant Fund Manager:Mr. Amit Gadgil
Experience: 15 years
Managing the scheme(since)
Mr. Harshad Patwardhan03-Feb-15
Mr. Amit Gadgil29-Apr-16
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
Quantitative indicators as on March 31, 2017
Standard deviation -
Sharpe ratio** -
Portfolio Beta -
Portfolio Turnover Ratio^ 0.79
Total stocks in portfolio 50
Top 10 stocks42.54%
Active positive bets
Total portfolio71.55%
Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark S&P BSE 200. Source: BSE, Bloomberg.
Total Expense Ratios~:
Regular Plan 2.66%
Direct Plan 2.46%
~Does not include Service Tax on Investment Management fees.
Benchmark:S&P BSE 200
NAV (as at 31st March 2017, in Rs.)
Direct Plan Dividend Option 11.6800
Direct Plan Growth Option 11.7970
Regular Plan Dividend Option 11.5770
Regular Plan Growth Option 11.5760
AUM as on 31 March 2017
Rs. 27.55 Crore
Average AUM as on March 2017
Rs. 27.73 Crore

     Top 20 Equity Holdings as on Mar 31,2017

Name of InstrumentIndustry% to Net Assets
HDFC Bank Ltd. Banks 8.12
ICICI Bank Ltd. Banks 5.69
Maruti Suzuki India Ltd. Auto 5.27
IndusInd Bank Ltd. Banks 4.59
Larsen & Toubro Ltd. Construction Project 4.38
Yes Bank Ltd. Banks 3.92
State Bank of India Banks 3.12
Blue Star Ltd. Consumer Durables 2.76
Action Construction Equipment Ltd. Industrial Capital Goods 2.52
Ahluwalia Contracts (India) Ltd. Construction 2.17
KNR Constructions Ltd Construction 2.14
Vedanta Ltd. Non - Ferrous Metals 2.07
Whirlpool of India Ltd. Consumer Durables 1.98
Ujaas Energy Ltd. Industrial Capital Goods 1.93
Jain Irrigation Systems Ltd. Industrial Products 1.90
NCC Ltd. Construction Project 1.83
NBCC INDIA LTD Construction 1.83
Ultratech Cement Ltd. Cement 1.81
VA Tech Wabag Ltd. Engineering Services 1.80
Kansai Nerolac Paints Ltd. Consumer Non Durables 1.75

      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
Total Value as on 31-Mar-2017 135,221
Returns 24.45%
Total Value of S&P BSE 200 133,278
Total Value of Nifty 50 131,278
S&P BSE 200 Returns 21.24%
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

     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*
• Long Term Capital Growth
• Investment in equity and equity-related securities of companies with a focus on riding economic cycles through dynamic allocation between various sectors and stocks at different stages of economic activity.
*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 High Risk
1. Different plans shall have different expense structure. The performance details provided herein are of Regular and Direct Plan of Edelweiss Economic Resurgence 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 Harshad Patwardhan (managing this fund from February 3, 2015) and Mr. Amit Gadgil (Managing this fund from April 29, 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.