march 31, 2011 factsheet v2 - edelweissmf.com · factsheet | march 2011 mutual ... investors can...

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Factsheet | March 2011

Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI)

& Scheme Information Document (SID) of the scheme carefully before investing.

For more information, please refer page 2

Schemes of Edelweiss Mutual Fund are now available on the stock exchange platform (MFSS / BSE StAR MF) for Subscriptions & Redemptions. Investors can approach a Trading Member of BSE or NSE registered with stock exchange to get the benefit of this facility.

Please visit www.nseindia.com & www.bseindia.com for more details.For further enquiries, do feel free to get in touch with us at 1800 425 0090 / +91 40 23310090 or email us at [email protected]

What is offered in this new facility? by NSE and BSE respectively for details on the same. The circulars are also This new facility enables purchase/redemption of units of the available on website www.nseindia.com & www.bseindia.com Schemes of Edelweiss Mutual Fund through the Stock Exchange respectively platform. Today, sharebroking outlets are available all over even in rural areas, to facilitate your transactions. Does the investor have to sign any documents with the Trading

Member?What is the electronic platform offered by NSE & BSE for this facility There is a letter to be signed and provided by the investor to the Trading called? Member for registering for this facility. This letter also contains the terms The electronic platform offered by NSE & BSE for this facility is called and conditions of the MFSS/BSE StAR MF facility.Mutual Fund Services System (MFSS) & Bombay Stock Exchange Platform for Allotment and Redemption of Mutual Funds (BSE StAR What confirmation will the investor get for the order placed through the MF) respectively Trading Member?

The investor will receive from the Trading Member a confirmation slip How to transact in units of Edelweiss Mutual Fund Schemes through (which will contain unique confirmation number and date and time the stock exchanges? stamp of order entry) generated from the MFSS/BSE StAR MF system. Till The investor has to approach a Trading Member of Bombay Stock the Trading Member provides allotment details to the investor, the order Exchange ("BSE") or National Stock Exchange ("NSE") who is confirmation slip would be the proof of the transaction. For physical registered with AMFI/NISM as Mutual Fund Advisor and also mode, the investor will receive Statement of Account from the Registrar registered with BSE & NSE as Participant for availing this facility. & Transfer Agent (RTA) directly.

Does the Trading Member of BSE or NSE have to be AMFI certified or What documents are required for making a purchase in the demat empanelled with Edelweiss Asset Management Limited ("Edelweiss mode?AMC") or registered with BSE & NSE to offer this facility? Investors choosing the depository mode can place order for subscription Yes the Trading Member has to have an AMFI Registration Number as currently followed for secondary market activities. The investors (ARN) and has to be empanelled with Edelweiss AMC and also should provide their depository account details along with PAN details to registered with BSE & NSE as Participant to offer this facility. the Member. When an investor desires to hold units in dematerialised

form, KYC performed by DP will be considered as compliance with the Which schemes can be purchased or sold through this facility? applicable requirements specified in this regard in terms of SEBI circular All the schemes except Edelweiss Monthly Interval Fund Series - 1 of ISD/AML/CIR-1/2008. This is in accordance with SEBI circular no. Edelweiss Mutual Fund can be purchased and redeemed through this SEBI/IMD/CIR No.11/183204/2009 dated November 13, 2009.route. Please refer to the Addendum dated 7-Sept-10, 7-Feb-11 & 1-Mar-11 for complete list of eligible schemes. The list of eligible What are the timings for putting in orders which are valid for the same schemes is subject to change from time to time. day NAV?

Currently, the timings for entering the orders on the respective platforms Is there any limit for value of transactions through stock exchanges? are between 9.00 a.m. to 3.00 p.m. The applicability of NAV will be Currently, purchase of upto `1 crore only be done through stock subject to guidelines issued by SEBI on Uniform cut-off timings for exchanges. For physical transactions, the maximum redemption applicability of NAV of Mutual Fund Scheme(s)/Plan(s).amount is ̀ 1 lac per folio per day. Please refer to the circulars issued

can

For more details please refer the FAQs given below:

Advantages:

• Easy One-click buy

• Convenient to transact

• No additional KYC required

• No need to fill application forms

• Sharebroking offices are also available in rural areas

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level over the last quarter.The Road to Normal

Over the last quarter fixed income investors had gotten used to seeing a yield curve that is almost completely flat. The outstanding feature of March was that the yield curve began reforming. Liquidity is back in the market and the yield curve now actually reflects the apprehension of the market that inflation may pick up.

Unlike the middle of 2010 when the AAA rates in the fixed income market were rising faster than the increase in repo rates, the increase in repo rates is now being mirrored in the increase in AAA rates.

Inflation is not the issue that it was in 2010 for the RBI. The key issue facing us as fixed income investors is whether this moderation will continue or will the RBI take further action on the interest rate front?

There is good reason for this. The Reserve Bank, guided by the chart along side sees a Our belief is that going forward we are likely to see a slow increase in interest rates significant flattening in the WPI Index, the benchmark used to measure inflation. with the wild card being oil prices. If oil prices stay for a few months at current levels Where there is a year on year change, there has been hardly any change in the price the RBI could increase the pace of tightening.

Looking back at the last year it seems to be a tale of two halves. The first half of the Moving forward, the coming year begins with many “averages” – index valuations at year was a great time for equities but the second half was a very different picture. 15 times earnings are close to historical averages, anticipated earnings growth at

around 15%-20% is also close to average. When so many averages come together, the Over the first half he NIFTY rose nearly 15%, and the Mid Cap index by 19%. In the result is rarely an average year. second half of the year the NIFTY fell by 3.3.%, not a steep drop, but the Mid cap Index fell by nearly 12.3%, giving up two thirds of the year’s gains. It is worth noting that the The market is optimistic with earnings revisions still strongly positive as can be seen CNX Midcap index represents companies that rank between 100 and 200 by market from the chart below.capitalization in India. These are not small companies!

This divergence in performance is starker when one considers that fully 75% of the NIFTY market cap is the 20 largest companies in India. In other words if one was not in the top 25 companies by market cap in the second half, the markets were a lot less cheerier.

Such variations in performance are not uncommon, and the wider market now is cheaper than the NIFTY. Unless overall economic conditions turn a lot less favorable it is unlikely that mid sized companies will continue underperforming.

A few significant events in the macro environment that could have significant short term impact on the Indian equity market.

1. The first is the evolution of the price of oil. The numbers are fairly simple – every US$ 10 increase puts US$ 6 billion of pressure on the current and fiscal deficit of India. Oil above US 120 per barrel will pose a

Apart from the divergence in the performance of the largest companies and the rest challenge for the economy

of the market, the lack of volatility was remarkable last year. The table below shows 2. The last quantitative easing program will end in June and indications

the drawdowns ̂ over the last few years. 2010 stands out in terms of its resilience.are that it will not get extended or replaced.

3. Commodity prices, other than oil have been on a tear since September 2010 and we expect that these will begin impacting margins for many sectors.

All in all, we expect a volatile year, where buying into dips and sticking to high quality growing companies will play out well for investors.

DEBT MARKET OUTLOOK:

EQUITY MARKET OUTLOOK:

Markets & Beyond

2000 -35.3%2001 -39.7%2002 -22.7%2003 -16.0%2004 -29.9%2005 -13.0%2006 -29.9%2007 -15.3%2008 -59.9%2009 -17.6%2010 -10.7%

AAA 1 year CD rates 9.55 9.08

Repo Rates 6.75 6.25

Spread 2.80 2.83

31-Mar-11 31-Dec-10

Nifty 15.28 386.74

CNX Midcap 12.17 676.12

Estimated P/E Earnings Estimate

H1-FY2011 14.9% 18.9%

H2-FY2011 -3.3% -12.3%

Nifty CNX Midcap

Wholesale Price Index

135

137

139

141

143

145

147

149

Ap

r-1

0

May

-10

Jun

-10

Jul-

10

Au

g-1

0

Sep

-10

Oct

-10

No

v-1

0

De

c-1

0

Jan

-11

Feb

-11

Nifty EPS Estimates

300

305

310

315

320

325

330

335

340

345

350

01

-Ap

r-1

0

01

- M

ay

-10

01

-Ju

n-1

0

01

-Ju

l-1

0

01

-Au

g-1

0

01

-Se

p-1

0

01

-Oct

-10

01

-No

v-1

0

01

-De

c-1

0

01

-Ja

n-1

1

01

-Fe

b-1

1

01

-Ma

r-1

1

01

-Ap

r-1

1

^ Drawdown is defined as the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the trough.

Source: Bloomberg

Source: Bloomberg

Source: Bloomberg

Source: Bloomberg

Source: Bloomberg

Source: NSE India data computed internally

Industry Allocation

As on March 31, 2011

Notes: • **Thinly traded/Non traded securities as defined in SEBI Regulations and Guidelines. • Fixed Deposit placed under margin : `300 (in Lakhs). Total Exposure to derivative instruments (excluding reversed positions) as on 31/03/2011 : ` 247.32 (in Lakhs).

• All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; FITCH.

ABSOLUTE RETURN Fund*

Fund Performance VS Benchmark Index

Portfolio

EQUITY & EQUITY RELATED 70.69Listed / awaiting listing on the stock exchangesAuto

Auto Ancillaries

Banks

Cement

Construction

Construction Project

Consumer Non Durables

Diversified

Ferrous Metals

Finance

Gas

Industrial Capital Goods

Industrial Products

Media & Entertainment

Minerals/Mining

Mahindra & Mahindra 2.18Hero Honda Motors 0.63Tata Motors 0.33

Bosch 1.46Motherson Sumi Systems 0.33

HDFC Bank 2.98ICICI Bank 2.48Axis Bank 1.75State Bank of India 1.07

ACC 0.55

Indiabulls Real Estate 0.49

Larsen & Toubro 1.18

ITC 2.24Titan Industries 0.98Nestle India 0.36Godrej Consumer Products 0.34Dabur India 0.34Asian Paints 0.34United Breweries 0.28

Aditya Birla Nuvo 0.30Hindustan Unilever 0.03

Tata Steel 0.53Jindal Steel & Power 0.45

Housing Development Finance Corporation 2.63Mahindra & Mahindra Financial Services 0.32

GAIL (India) 0.63Petronet LNG 0.31

Siemens 6.12Bharat Heavy Electricals 0.27

Bharat Forge 0.32

D. B. Corp 0.30

NMDC 0.91

Name of Instrument % to Net Assets Name of Instrument % to Net Assets Name of Instrument % to Net Assets

Non - Ferrous Metals

Oil

Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Transportation

Listed / awaiting listing on the stock exchanges: Reversed PositionsCement


Ferrous Metals


Sterlite Industries ( India ) 0.44

Oil & Natural Gas Corpn 2.65Cairn India 1.04Oil India 0.46

Reliance Industries 1.43Bharat Petroleum Corpn. 1.02

Dr. Reddy's Laboratories 1.10Cadila Healthcare 0.49GlaxoSmithKline Pharmaceuticals 0.45Divi's Laboratories 0.31

Power Grid Corporation of India 1.47Tata Power Co. 1.12NTPC 0.68

Patni Computer Systems 2.99Tata Consultancy Services 2.30Infosys Technologies 2.21Wipro 1.11HCL Technologies 1.00Tech Mahindra 0.28

Bharti Airtel 1.31Idea Cellular 0.97

Mundra Port and Special Economic Zone 0.84Container Corporation of India 0.48The Great Eastern Shipping Co. 0.29

Jaiprakash Associates Apr 2011 -0.74Jaiprakash Associates 0.74

Lanco Infratech Apr 2011 -0.87Lanco Infratech 0.86

JSW Steel Apr 2011 -0.68JSW Steel 0.67

Siemens Apr 2011 -0.87Siemens May 2011 -0.78Siemens 1.75Suzlon Energy Apr 2011 -1.40Suzlon Energy 1.38


Pharmaceuticals

Power

Retailing

Software

Transportation

DERIVATIVES

MONEY MARKET INSTRUMENT 16.56Certificate of Deposit** P1+

Commercial Paper** P1+

BONDS & NCDs 0.02Unlisted / awaiting listingLAA+

OTHERS 12.73Cash & Cash EquivalentsFixed DepositUnrated

GRAND TOTAL 100.00

Reliance Mediawork Apr 2011 -0.41Reliance Mediawork 0.41

Orchid Chemicals & Pharmaceuticals Apr 2011 -1.02Orchid Chemicals & Pharmaceuticals 1.01

PTC India Apr 2011 -1.06PTC India 1.05GVK Power & Infrastructure Apr 2011 -1.23GVK Power & Infrastructure 1.21

Pantaloon Retail (India) Apr 2011 -0.80Pantaloon Retail (India) 0.78

MphasiS Apr 2011 -0.09MphasiS 0.09Firstsource Solutions Apr 2011 -0.46Firstsource Solutions 0.45

Kingfisher Airlines Apr 2011 -0.44Kingfisher Airlines 0.43

Hindustan Unilever Apr 2011 1.24NIFTY 5700 Put Apr 2011 0.13NIFTY Index Future Apr 2011 -3.80

IDBI Bank 6.27

Kotak Mahindra Prime 10.29

Dr. Reddy's Laboratories 0.02

IDBI Bank 1.05The Federal Bank 3.14Corporation Bank 2.09CBLO / Reverse Repo Investments 4.06Net Receivable/Payable 2.39

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is August 20, 2009. Since Inception returns are calculated on `10/- invested at InceptionReturns shown above are for Growth Option only Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable. Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).

NAV As on March 31, 2011 ` Per UnitGrowth Option 11.20Dividend Option 11.04

* The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.

(Returns in %)

Edelweiss Absolute Return Fund - Growth

CRISIL MIP Blended Index

Dividend HistoryDividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. 0.165 per unit

Record Date Plan/ Option Name NAV on Record Date (`) Amount of Dividend (`)

28/01/2011 Dividend Plan 11.20

0.51%

0.53%

0.56%0.74%

0.81%

0.92%

1.52%

1.56%

1.63%

1.97%

2.68%2.99%

3.81%

3.92%

4.10%

4.92%

5.24%

5.46%

6.94%8.16%

10.68%

13.84%

16.52%

Media & EntertainmentIndustrial Products

Diversified


Construction

Cement

Minerals/Mining

Gas

Ferrous MetalsConstruction Project

Transportation

Auto Ancillaries

Telecom - Services

Pharmaceuticals

Petroleum Products

Finance

AutoPower

Oil



Banks

Software

- 2.18

6.777.29

1.65

6.177.30

4

2

0

2

4

6

8

6 month 1 Year Since inception

Notes:• All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; FITCH. • Fixed Deposit placed under margin : `50 (in Lakhs). Total Exposure to derivative instruments as on 31/03/2011 : `207.98 (in Lakhs).

EQUITY & EQUITY RELATED 87.08

Listed / awaiting listing on the stock exchanges

Auto

Auto Ancillaries

Banks

Cement



Diversified

Ferrous Metals

Mahindra & Mahindra 3.57

Hero Honda Motors 0.89

Bosch 2.34

Motherson Sumi Systems 1.60

HDFC Bank 5.18

ICICI Bank 3.91

Axis Bank 2.63

State Bank of India 1.88

UCO Bank 0.70

ACC 0.91


ITC 2.76

Titan Industries 1.47

United Breweries 1.33

Nestle India 0.66

Dabur India 0.62

Godrej Consumer Products 0.61

Asian Paints 0.59

Hindustan Unilever 2.20

Aditya Birla Nuvo 1.43

Jindal Steel & Power 1.23

Tata Steel 1.14


Finance

Gas

Industrial Products


Minerals/Mining

Oil

Petroleum Products

Pharmaceuticals

Power

Software

Housing Development Finance Corporation 3.87

Mahindra & Mahindra Financial Services 1.54

Petronet LNG 1.44

GAIL (India) 0.87

Indraprastha Gas 0.69

Bharat Forge 1.53

D. B. Corp 1.48

NMDC 1.35

Oil & Natural Gas Corpn 3.53

Cairn India 1.39

Oil India 0.86

Reliance Industries 4.41

Bharat Petroleum Corpn. 1.08


Divi's Laboratories 1.24

Cadila Healthcare 1.19

GlaxoSmithKline Pharmaceuticals 1.09

Power Grid Corporation of India 2.18

Tata Power Co. 1.32

NTPC 0.90

Tata Consultancy Services 3.79

Software

Telecom - Services

Transportation

DERIVATIVES

BONDS & NCDs 0.02

Unlisted / awaiting listing

LAA+

OTHERS 12.90

Cash & Cash Equivalents

Fixed Deposit

GRAND TOTAL 100.00

Infosys Technologies 1.61

Tech Mahindra 1.43

Wipro 1.40

HCL Technologies 1.29

Bharti Airtel 1.35

Idea Cellular 1.34

The Great Eastern Shipping Co. 1.29

Mundra Port and Special Economic Zone 1.18

NIFTY Index Future Apr 2011 12.24


The Federal Bank 2.94CBLO / Reverse Repo Investments 10.96

Net Receivable/Payable -1.00

Portfolio


NAV As on March 31, 2011 ` Per Unit

Plan A - Growth

Plan B - Growth

Plan C - Growth

S & P CNX Nifty


Plan A - Growth OptionPlan A - Dividend Option 14.14 Plan B - Growth Option 14.20Plan B - Dividend Option 14.38 Plan C - Growth Option 14.24Plan C - Dividend Option 14.24

14.14

Industry Allocation

DIVERSIFIED GROWTH EQUITY TOP 100 (E.D.G.E. Top 100 ) Fund

(Returns in %)

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is May 20, 2009. Since Inception returns are calculated on `10/- invested at InceptionReturns shown above are for Growth Option only.Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).

1.04%

1.55%

1.70%

1.70%

1.76%

2.72%

2.84%

3.09%

3.44%

4.17%

4.53%

5.06%

5.13%

5.52%

6.21%

6.30%

6.64%

9.25%

10.93%

16.42%

Cement

Minerals/Mining



Industrial Products

Ferrous Metals

Transportation

Telecom - Services

Gas

Diversified

Auto Ancillaries

Power

Auto

Pharmaceuticals

Finance

Petroleum Products

Oil


Software

Banks

-5.80

8.52

20.44

-5.77

8.73

20.71

-5.76

8.79

20.89

-3.25

11.14

18.23

- 10

- 5

0

5

10

15

20

25


Edelweiss ELSS Fund - Growth

S & P CNX Nifty

Industry Allocation




Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is December 30, 2008. Since Inception returns are calculated on ̀ 10/- invested at InceptionReturns shown above are for Growth Option onlyPerformance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).

Growth Option 19.16 Dividend Option 13.14

ELSS Fund



Auto

Auto Ancillaries

Banks

Cement



Mahindra & Mahindra 2.25

Hero Honda Motors 0.90

Bosch 3.22

Motherson Sumi Systems 1.78

HDFC Bank 4.50

ICICI Bank 4.06

Axis Bank 3.14

UCO Bank 2.23

ACC 0.90


ITC 2.25

Titan Industries 1.84

United Breweries 1.34

Godrej Consumer Products 0.90

Dabur India 0.89

Asian Paints 0.88

Nestle India 0.88

Goodlass Nerolac Paints 0.50

Britannia Industries 0.46

Emami 0.45


Diversified

Ferrous Metals

Finance

Gas

Healthcare Services

Industrial Products


Minerals/Mining

Oil

Petroleum Products

Pharmaceuticals


Aditya Birla Nuvo 0.90

Tata Steel 2.69

Housing Development Finance Corporation 2.26

Mahindra & Mahindra Financial Services 1.73

Petronet LNG 1.81

GAIL (India) 0.90

Indraprastha Gas 0.89

Apollo Hospitals Enterprise 0.88

Bharat Forge 1.81

D. B. Corp 1.76

NMDC 1.79

Oil & Natural Gas Corpn 3.17

Cairn India 1.77

Oil India 1.34

Reliance Industries 2.70

Sun Pharmaceuticals Industries 1.75

Cadila Healthcare 1.34

Pharmaceuticals

Power

Software

Telecom - Services

Transportation

OTHERS 10.39


GRAND TOTAL 100.00


GlaxoSmithKline Pharmaceuticals 1.29

Divi's Laboratories 0.91

Aurobindo Pharma 0.90

Power Grid Corporation of India 1.80

NTPC 0.91

Tata Power Co. 0.89

Tata Consultancy Services 2.72

Infosys Technologies 2.71

HCL Technologies 1.78

Tech Mahindra 1.70

Wipro 0.91

Idea Cellular 1.79

Bharti Airtel 1.35

The Great Eastern Shipping Co. 0.89

Mundra Port and Special Economic Zone 0.89

Container Corporation of India 0.45

CBLO / Reverse Repo Investments 3.87

Net Receivable/Payable 6.52

Portfolio

Dividend History

(Returns in %)

Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future. 2.00 per unit

2.00 per unit

2.00 per unit

Record Date Plan/ Option Name NAV on Record Date (`) Amount of Dividend (`)




0.98%

1.00%

1.97%

1.97%

2.00%

2.02%

2.48%

3.00%

3.01%

3.02%

3.50%

3.51%

4.01%

4.01%

4.46%

5.58%

7.00%

8.39%

10.97%

11.59%

15.54%

Healthcare Services

Cement



Minerals/Mining

Industrial Products

Transportation

Ferrous Metals

Petroleum Products

Diversified

Telecom - Services

Auto

Gas

Power

Finance

Auto Ancillaries

Oil

Pharmaceuticals

Software


Banks

-7.88

9.17

33.52

-3.25

11.14

34.81

- 15

- 10

- 5

0

5

10

15

20

25

30

35

40


Notes:• Fixed Deposit placed under margin : `0 (in Lakhs). Total Exposure to derivative instruments as on 31/03/2011 : `0(in Lakhs).

Portfolio



Auto

Banks

Cement

Construction



Diversified

Ferrous Metals

Tata Motors 2.39Mahindra & Mahindra 1.83Bajaj Auto 1.09Maruti Suzuki India 0.92Hero Honda Motors 0.83

ICICI Bank 7.06HDFC Bank 4.60State Bank of India 3.89Axis Bank 1.98Kotak Mahindra Bank 0.88Punjab National Bank 0.88

Ambuja Cement 0.67Jaiprakash Associates 0.58ACC 0.58

DLF 0.53


ITC 5.31


Tata Steel 2.25Jindal Steel & Power 1.49Steel Authority of India 0.55


Finance

Gas


Minerals / Mining


Oil

Petroleum Products

Pharmaceuticals

Power

Housing Development Finance Corporation 5.00Infrastructure Development Finance Company 0.90Reliance Capital 0.37

GAIL (India) 1.15

Bharat Heavy Electricals 1.79Siemens 0.72

Sesa Goa 0.61

Hindalco Industries 1.47Sterlite Industries ( India ) 1.36

Oil & Natural Gas Corpn 2.16Cairn India 0.84

Reliance Industries 9.76Bharat Petroleum Corpn. 0.43

Dr. Reddy's Laboratories 1.14Sun Pharmaceuticals Industries 0.91Cipla 0.89Ranbaxy Laboratories 0.37

NTPC 1.35Tata Power Co. 1.18Power Grid Corporation of India 0.79Reliance Infrastructure 0.52Reliance Power 0.40

Software

Telecom - Services

Textiles - Synthetic

BONDS & NCDs 0.02Unlisted/ awaiting listing LAA+

OTHERS 3.61


Grand Total 100.00

Infosys Technologies 8.56Tata Consultancy Services 3.30Wipro 1.34HCL Technologies 0.63

Bharti Airtel 2.37Reliance Communications 0.39

Grasim Industries 0.86


CBLO / Reverse Repo Investments 9.96Net Receivable/Payable -6.35


NIFTY ENHANCER #Fund

Industry AllocationPlan A - Growth (Inception date August 12, 2009)

Plan B - Growth (Inception date June 16, 2009)

S & P CNX Nifty


NAV As on March 31, 2011 ` Per UnitPlan A - Growth Option 13.41Plan A - Dividend Option 12.23Plan B - Growth Option 13.23Plan B - Dividend Option 13.49

@Plan C - Growth Option - Plan C - Dividend Option 11.86

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. Since Inception returns are calculated on ̀ 10/- invested at InceptionReturns shown above are for Growth Option only Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).

@There are no investors under this option.

(Returns in %)

0.55%

0.63%

0.89%

1.19%

1.71%

1.90%

2.61%

2.87%

2.94%

3.11%

3.44%

4.41%

4.45%

5.04%

5.51%

6.51%

7.32%

10.57%

14.34%

20.02%

Construction

Minerals / Mining

Textiles - Synthetic

Gas

Diversified

Cement


Telecom - Services


Oil

Pharmaceuticals

Power

Ferrous Metals



Finance

Auto

Petroleum Products

Software

Banks

-2.33

13.45

19.68

-2.93

12.69

16.94

-3.25

11.14

17.9115.36

-5.00

0.00

5.00

10.00

15.00

20.00

25.00


# “S&P®” and “Standard and Poor's®” are trademarks of the McGraw-hill Companies, Inc. (“S&P”), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. “The Product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P"). Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product. Please read the full Disclaimers in relation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement.

99.72% 0.28%

Portfolio

Name of Instrument % to Net Assets


Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.

LIQUID Fund

Dividend History


^ There are no investors under this option

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Since Inception returns are calculated on ̀ 10/- invested at Inception.Returns shown above are for Growth Option only.Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).^^^There are no investor under this Plan prior to February 2, 2011. Hence the returns for 3 months, 6 months & 1 year is not provided.

0.035974 per unit 0.035974 per unit

per unit

10.0599 0.048713 per unit 0.048713 per unit

Record Date Plan/ Option Name NAV on Amount of Amount of

Record Date (`) Dividend - Retail (`) Dividend - Corporate (`)

31/01/2011 Retail - Dividend 10.0444

(Monthly)

28/02/2011 Retail - Dividend 10.0500 0.040767 per unit 0.040767

(Monthly)

31/03/2011 Retail - Dividend

(Monthly)

Rated AAAf

@@by CRISIL

Retail Plan - Growth OptionRetail Plan - Dividend Daily Option 10.0000Retail Plan - Dividend Weekly Option^ -Retail Plan - Dividend Fortnightly Option^ -Retail Plan - Dividend Monthly OptionInstitutional Plan - Growth Option 10.1186Institutional Plan - Dividend Daily Option 10.0000Institutional Plan - Dividend Weekly Option^ -Institutional Plan - Dividend Fortnightly Option^ - Institutional Plan - Dividend Monthly Option^ -Super Institutional Plan - Growth Option^ -Super Institutional Plan - Dividend Daily Option^ -Super Institutional Plan - Dividend Weekly Option^ -Super Institutional Plan - Dividend Fortnightly Option^ - Super Institutional Plan - Dividend Monthly Option^ -

11.3597

10.0599

Rating ProfileSector / Rating PercentA1+ 68.68P1+ 31.04Cash & Cash Equivalent 0.28

Total 100.00

All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.**Thinly traded/Non traded securities as defined in SEBI Regulations and Guidelines.

Asset Allocation

Money Market Instrument

MONEY MARKET INSTRUMENT 99.72Certificate of Deposit**A+ / P1+

OTHERS 0.28Cash & Cash Equivalents

GRAND TOTAL 100.00

The Federal Bank 38.73IDBI Bank 31.04Axis Bank 19.08HDFC Bank 10.86

CBLO / Reverse Repo Investments 0.40Net Receivable/Payable -0.11

Cash & Cash Equivalent


Retail Plan - Growth Crisil Liquid Fund Index

(Returns in %)

Institutional Plan - Growth ^^^

Since (Retail Plan- Sept 9, 08)

Inception Since (Institutional

Plan - Feb 2, 11)

Inception

@@AAAf:CRISIL AAAf Rating Methodology for Edelweiss Liquid FundAAAf The fund’s portfolio holdings provide very strong protection against losses from credit defaults. The credit quality ratings are based on an analysis of the fund’s investment philosophy, its management, investment strategies, operational policies and internal controls. Credit quality incorporates the credit risk of securities and the counterparty risk involved in transactions CRISIL has developed a Credit Quality Matrix to evaluate a bond fund’s overall level of protection against losses associated with credit default. The matrix is a set of credit factors & credit scores derived scientifically from CRISIL’s rating default and transition rates over past ten years. Ranking source: CRISIL FundServices, CRISIL Ltd.Disclaimer: A CRISIL credit quality rating on a bond fund reflects CRISIL's current opinion on the degree of protection offered by the rated instrument from losses related to credit default. It does not constitute an audit by CRISIL of the fund house, the scheme or companies in the scheme's portfolio. CRISIL does not guarantee the completeness or accuracy of information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell or hold the rated scheme: it does not comment on the market price or suitability for a particular investor.Past performance may or may not be sustained in future

6.89 6.907.28

6.49 6.16

5.34 5.11

7.43 7.48 7.79 7.68

8.67 8.40 8.387.96

7.43

6.21 5.92

8.51

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

7 days 15 days 30 days 3 months 6 months 1 Year

3.79

6.39 6.49

3.92

6.58 6.70

3.72

6.215.92

0%

1%

2%

3%

4%

5%

6%

7%

8%

6 months 1 Year Since Inception


Portfolio





- -



31/01/2011 Retail - Dividend 10.0684(Monthly)

31/01/2011 Institutional - 10.0664

Dividend (Monthly)

28/02/2011 Retail - Dividend 10.0674 0.002084 per unit 0.001942 per unit

(Monthly)

28/02/2011 Institutional - 10.0696 - -Dividend (Monthly)

31/03/2011 Retail - Dividend 10.1350

(Monthly)

31/03/2011 Institutional - 10.1444

Dividend (Monthly)

Dividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.

Dividend History

Asset Allocation



ULTRA SHORT TERM BOND Fund

Sector / Rating Percent

P1+ 59.84

A1+ 13.81

Cash & Cash Equivalent 26.34

Total 100.00

Rating Profile


Retail Plan - Growth Option 11.7433Retail Plan - Dividend Daily Option 10.0000Retail Plan - Dividend Weekly Option 10.0078 Retail Plan - Dividend Fortnightly Option 10.0100Retail Plan - Dividend Monthly Option 10.1350 Institutional Plan - Growth Option 11.8037 Institutional Plan - Dividend Daily Option 10.0050Institutional Plan - Weekly Dividend Option^ -Institutional Plan - Monthly Dividend Option 10.1444

Cash & Cash Equivalent


Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is September 9, 2008. Since Inception returns are calculated on `10/- invested at InceptionReturns shown above are for Growth Option onlyPerformance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).

Retail Plan - Growth

Institutional Plan - Growth

Crisil Liquid Fund Index

(Returns in %)

Edelweiss Ultra Short Term Bond Fund - Institutional Plan (Growth)

Value Research Rating~

Edelweiss Ultra Short Term Bond Fund - Retail Plan (Growth)

Value Research Rating~

Rated mfA1+

^by ICRA

^ There are no investors under this option

MONEY MARKET INSTRUMENT 73.66Certificate of Deposit**

A+ / P1+

OTHER 26.34Cash & Cash Equivalents

Grand Total 100.00

IDBI Bank 18.77State Bank of India 10.23Central Bank of India 10.22HDFC Bank 3.58Commercial Paper**Kotak Mahindra Prime 30.85

CBLO / Reverse Repo Investments 21.14Net Receivable/Payable 5.21

73.66% 26.34%

~Value Research RatingsValue Research Fund Ratings are a composite measure of historical risk-adjusted returns. In the case of short-term debt funds, this rating is based on the average weekly returns for the last 18-month period. These ratings do not take into account the exit load.Five stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns. 125 open-ended Debt: Ultra Short-term Funds were rated as on March 31, 2011. Value Research Fund Ratings are subject to change every month. The Rating is based on primary data provided by respective funds, Value Research does not guarantee the accuracy. ^ ICRA mfA1+ Rating Methodology for Edelweiss Ultra Short Term Bond FundThe credit risk rating assigned to the scheme is mfA1+. The highest-credit-quality short-term rating assigned by ICRA to debt funds.Rating methodology used by ICRA is based on evaluating the inherent credit quality of the funds portfolio. As a measure of the credit quality of a debt fund’s assets, ICRA uses the concept of ”credit scores”, based on ICRA’s assessment of credit risk associated with each exposure of the portfolio taking into account its maturity, investment objectives and policies, its management characteristics and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. Source: ICRA Ltd.Disclaimer: This rating is the highest-credit-quality short-term rating assigned by ICRA to debt funds. Debt funds rated in this category carry the lowest credit risk in the short term and are similar to that of fixed income obligations of highest credit- quality category with maturity of upto one year. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. This rating should not be treated as a recommendation to buy, sell or hold the Units issued by the Mutual Fund.Past performance may or may not be sustained in future

Portfolio



GILT Fund

All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.Notes: Exposure to Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines, is Nil

CENTRAL GOVERNMENT SECURITIES

Sovereign Rated Securities 94.72

OTHERS 5.28


GRAND TOTAL 100.00

07.17% CGL 2015 62.60

08.08% CGL 2022 32.12

CBLO / Reverse Repo Investments 3.21

Net Receivable/Payable 2.07

Sector / Rating Percent

Sovereign Rated Securities 94.72


Total 100.00


Edelweiss Gilt Fund - Growth

I-Sec Composite Gilt Index

(Returns in %)

3.22

5.17

4.033.54

6.41

4.74

0%

1%

2%

3%

4%

5%

6%

7%


Cash & Cash EquivalentSovereign Rated Securities

Asset Allocation

94.72% 5.28%

Rating Profile

Growth Option 10.7089Dividend Option 10.7089

NAV As on March 31, 2011 ` Per Unit ` Per Unit

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is July 6, 2009. Since Inception returns are calculated on ̀ 10/- invested at InceptionReturns shown above are for Growth Option onlyPerformance of the Dividend Option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).




31/03/2011 Monthly Dividend 10.3582

Fund Performance VS Benchmark Index (Returns in %)

Asset AllocationSector / Rating Percent

AAA 43.47

AA 43.09

A1+ 3.48


Total 100.00

Rating Profile



Portfolio


Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is February 24, 2010. Since Inception returns are calculated on `10/- invested at InceptionReturns shown above are for Growth Option onlyPerformance of the dividend option would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).

Growth Option 10.6115Monthly Dividend Option 10.3582


INCOME ADVANTAGE Fund

Edelweiss Income Advantage Fund - Growth

CRISIL MIP Blended Fund Index

*Risk Return Profile at a Glance

RETURN

RISK

EdelweissLiquid Fund

NIFTY ENHANCER

EdelweissAbsolute Return Fund

EdelweissGilt Fund

EdelweissIncome Advantage Fund

EdelweissUltra Short Term Bond Fund

EdelweissELSS Fund

EdelweissE.D.G.E Top 100 Fund

EdelweissNifty Enhancer Fund

* Past performance may or may not be sustained in future.

MONEY MARKET INSTRUMENT 3.48Certificate of Deposit**A1+

BONDS & NCDs 86.57Listed / awaiting listing on the stock exchangesAA

AAA

OTHERS 9.95Cash & Cash Equivalents

GRAND TOTAL 100.00

HDFC Bank 3.48

Shriram Transport Finance Co. 43.09

Reliance Capital 42.38Power Grid Corporation of India 1.10

CBLO / Reverse Repo Investments 7.30Net Receivable/Payable 2.65

BONDS & NCDs Cash & Cash Equivalent

3.48%

86.57%

9.95%


2.73

4.985.57

1.77

6.17

7.39

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%


Dividend HistoryDividend is declared on the face value of Rs. 10/- per unit. Dividend is paid subject to availability of distributable surplus. After payment of dividend the NAV of the Dividend Option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.

Stocks Stocks% to Net Assetsof the Scheme

Shares notionallyheld by an investor

Shares notionallyheld by an investor

HDFC Bank

Reliance Industries

Housing Development Finance Corporation

ICICI Bank

Tata Consultancy Services

Mahindra & Mahindra

Oil & Natural Gas Corp.

ITC

Axis Bank

Bosch

5.18%

4.41%

3.91%

3.87%

3.79%

3.57%

3.53%

2.76%

2.63%

2.34%

Edelweiss Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund

Edelweiss Absolute Return Fund*

22

42

35

55

32

51

121

151

18

3

Top 10 stocks in the Portfolio as on Mar 31, 2011

(An Open Ended Equity scheme)(An Open Ended Equity scheme)

Top 10 stocks in the Portfolio as on Mar 31, 2011

% to Net Assetsof the Scheme

*The Edelweiss Absolute Return Fund (A.R.F.) and Edelweiss Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund are equity - oriented Schemes. Investors in the Schemes are not being offered any guaranteed / assured returns.

Past performance may or may not be sustained in the market.The above hypothetical illustrations assume a sum of Rs. 10 lakhs invested in each Scheme as on March 31, 2011. No. of shares notionally held are calculated as per the percentages of Top 10 holdings by the Scheme under each stock as on March 31, 2011.Market Price of each Share as on March 31, 2011 are as follows: Axis Bank @ ̀ 1403.85 | BOSCH LTD @ ̀ 6708.5 | HDFC Bank @ ̀ 2345.85 | Housing Development Finance Corporation @ ̀ 701.2 | ICICI Bank @ ̀ 1116.2 | Infosys Technologies @ ` 3241.3 | ITC @ ` 182.1 | Mahindra & Mahindra @ ` 700.35 | Oil & Natural Gas Corpn @ ` 291.3 | Patni Computer System @ ̀ 477.05 | Reliance Industries @ ̀ 1049.1 | Siemens @ ̀ 881.05 | Tata Consultancy Services @ ̀ 1183.9

For scheme related information & risk factors please refer page 13, 14 & 15. Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) & Scheme Information Document (SID) of the scheme carefully before investing.

THE POWER OF HOLDING HIGH VALUE STOCKS THROUGH YOUR MUTUAL FUND INVESTMENTS

The hypothetical illustrations below show the shares (top 10) that will be notionally held by an investor, investing Rs. 10 lakhs in each Scheme

Siemens

Patni Computer Systems

HDFC Bank

Oil & Natural Gas Corp.

Housing Development Finance Corporation

ICICI Bank

Tata Consultancy Services

ITC

Infosys Technologies

Mahindra & Mahindra

6.12%

2.99%

2.98%

2.65%

2.63%

2.48%

2.30%

2.24%

2.21%

2.18%

69

62

12

91

37

22

19

123

6

31

Investment Objective

Type of the scheme

Fund Managers /Co-Fund Managers

Entry Load

Exit Load

Plans / Options

Minimum Investment

Minimum Redemption Amount

Benchmark

Ratios

NIL : In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Plan A, Plan B and Plan CGrowth and Dividend option

•

• For Edelweiss ELSS Fund, redemption of unit can be made only after

`1/- or any number of units. For demat transactions, minimum redemption would be mandatorily 50 units.

3 years of lock-in period from the date of allotment of the Units

proposed to be redeemed.

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.

Equity Schemes March 31, 2011

Risk Free Rate considered for the above = 7.982% pa. (7.8% 2020 GOI Bond) Please note: Standard deviation and Sharpe ratio are Annualized.^ Lower of sales or purchase divided by average AUM for last rolling 12 months. ##Current year to date ratio to average AUM. AMC reserves the right to change the expense ratio within the limits prescribed in the respective Scheme Information Document.

Default Option/Plan Default Plan : Plan ADefault Option : Growth

Minimum Additional Investment Amount

` `1,000/- and in multiples of 1/- thereafter.

For risk factors, please refer the last page

Date of Allotment

Average AUM (` in lakhs)

An open ended diversified equity scheme that seeks to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates by market capitalization, listed in India

Edelweiss Diversified Growth

Equity Top 100 (E.D.G.E. Top 100) Fund

Plan A - `1,000/- and multiples of `1/- thereafter Plan B - `1,00,000/- and multiples of `1/- thereafterPlan C - `10,00,000/- and multiples of `1/- thereafter

Standard deviation 17.07%Sharpe ratio 5.67Portfolio beta 0.85R squared 0.94Portfolio Turnover Ratio^ 4.10 times

##Total Expense Ratio Plan A 2.21% Plan B 2.11% Plan C 2.01%

An Open Ended Equity scheme

• On or before 365 days from date of allotment : 1%

• After 365 days from the date of allotment : Nil

May 20,2009

Mr. Paul Parampreet Experience: 5 years Managing the scheme since: February 4, 2010

Mr. Karthik VisvanathanExperience: Around 4 years Managing the scheme since : June 29, 2010

1642.41


The primary objective of the Scheme will be to generate absolute returns with low volatility over a longer tenure of time. The Scheme will accordingly invest in arbitrage opportunities and debt and money market instruments on the one hand and in pure equity investments and equity derivative strategies on the other.

Edelweiss Absolute Return

Fund

Growth and Dividend option

Minimum of `5000/- per application & in multiples of `1/- thereafter

CRISIL MIP Blended Index


##Total Expense Ratio 2.06%

Growth

Mr. Paul Parampreet Experience: 5 years Managing the scheme since: February 4, 2010

Mr. Karthik VisvanathanExperience: Around 4 years Managing the scheme since : January 18, 2011

August 20, 2009

4665.81

The primary objective of the scheme is to generate l o n g - t e r m c a p i t a l 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.

Edelweiss ELSS Fund


Minimum of `500/- per application & in multiples of `500/- thereafter

Standard deviation 14.07%Sharpe ratio 5.90Portfolio beta 0.69R squared 0.93

Portfolio Turnover Ratio^ 3.20 times


An Open Ended Equity Linked Savings scheme

NIL

`500/- per application & inmultiples of `500/-thereafter

December 30, 2008

Growth

Mr. Paul Parampreet Experience: 5 years. Managing the schemesince: February 4, 2010


192.89

S&P CNX Nifty


Edelweiss Nifty Enhancer

Fund

Plan A - `1,000/- and multiples of `1/- thereafter Plan B - `1,00,000/- and multiples of `1/- thereafterPlan C - `10,00,000/- and multiples of `1/- thereafter


##Total Expense Ratio Plan A 1.60% Plan B 1.38% Plan C 1.59%

NIL

The primary objective of the Fund is to generate capital appreciation and income distribution by investing in a portfolio that endeavours to outperform the S & P CNX Nifty Index.

“Edelweiss Nifty Enhancer Fund” is only the name of the Fund. The scheme is not an Index Fund. T h e e q u i t y s t o c k s / weightages of the equity s to c ks i n t h e s c h e m e Portfolio may differ vis-à-vis the underlying stocks of Nifty Index.

Mr. Paul Parampreet Experience: 5 years Managing the schemesince: June 29, 2010


Plan A (August 12, 2009)

Plan B (June 16, 2009)

546.75

Plan A, Plan B and Plan CGrowth and Dividend option

Default Plan : Plan ADefault Option : Growth

``1/- thereafter.

1,000/- and in multiples of

Debt schemes March 31, 2011

Investment Objective

Type of the scheme

Fund Manager(s)

Entry Load

Exit Load

Plans / Options

Minimum Investment

Minimum Redemption Amount

Benchmark

Ratios

Average Maturity

Modified Duration

An Open Ended Gilt scheme An Open Ended Income scheme

The objective of the Scheme is to providereasonable returns, commensurate with moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments.

The investment objective o f t h e s c h e m e i s t o generate income and capital appreciation by investing predominantly in securities issued by the Government ofIndia or State Governments.

Edelweiss Ultra Short Term Bond Fund

(Formerly Edelweiss Short Term Bond Fund)

Edelweiss Income Advantage

Fund

Edelweiss Gilt Fund

Edelweiss Liquid Fund

Mr. Kapil Punjabi Experience: 4 years.Managing the debt/fixed income portion of the portfolio Since Inception.

Mr. Paul Parampreet Experience: 5 years. Managing the equity portion of the portfoliosince: December 20, 2010.

Mr. Kapil Punjabi Experience: 4 years. Managing the scheme since: December 5, 2009

Mr. Kapil Punjabi Experience: 4 years Managing the scheme since: December 5, 2009

NIL: In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

If the Units are redeemed/switched-out • on or before 2 days : 0.10%• after 2 days : Nil

Retail, Institutional and Super Institutional PlanGrowth and Dividend option

Growth and Monthly Dividend option


Retail Plan: `10,000/- & in multiples of `1/- thereafter.Institutional Plan: ̀ 90 Lakhs & in multiples of `1/- thereafter. Super Institutional Plan: `10 Crores & in multiples of `1/- thereafter.

Retail Plan: `5,000/- and in multiples of `1/- thereafter.Institutional Plan: `90 Lakhs and inmultiples of `1/- thereafter.

`5,000/- and in multiples of `1/- thereafter.

• Minimum of 50 units & in multiples of 1 unit thereafter or `500 & in multiples of `1/- thereafter.

• For demat transactions, minimum redemption would be mandatorily 50 units.

• In case of the investors/ units holders having available balance less than ` 500/- or less than 50 units in their respective folio on the day

of submission of valid redemption request, for the respective plan, the minimum redemption limit would be the available balance.

I-Sec Composite Gilt Index


##Total Expense Ratio Retail 0.42%Institutional 0.24%


##Total Expense RatioRetail 0.84%Institutional 0.26%Super Institutional 0.13%

An Open Ended Debt scheme An Open Ended Liquid scheme

The objective of the Schemeis to provide optimal returns, commensurate with low risk and high degree of liquidity, through a portfolio constituted of money market& s h o r t t e r m d e b t instruments.

The investment objective of the scheme is to generate returns that are consistent with the moderate levels of risk and liquidity through active management of a diversified portfolio constituted of debt and money market instruments, securitized debt, governmentsecurities, and equity & equity related instruments.

Mr. Kapil Punjabi Experience: 4 years. Managing the scheme since: December 5, 2009

NIL• Upto 30 days - 1%

• After 30 days - Nil

Retail and Institutional PlanGrowth and Dividend option

`5,000/- and in multiples of `1/- thereafter.

CRISIL Liquid Fund Index CRISIL MIP Blended Fund Index

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.

• Upto 7 days - 0.10%

• After 7 days - Nil

0.10 Years

0.09 Years

0.0736 Years

0.0672 Years

6.28 Years

4.51 Years

1.16 Years

1.00 Years

##Current year to date ratio to average AUM. AMC reserves the right to change the expense ratio within the limits prescribed in the respective Scheme Information Document.

Default Option Growth Growth

Minimum Additional Investment Amount ` `1,000/- and in multiples of 1/- thereafter.

Retail Plan: `1,000/- and in multiples of `1/- thereafter.Institutional Plan: `1 Lac and in multiples of `1/- thereafter.

Super Institutional Plan: `10 Lacs and in multiples of `1/- thereafter.

Date of Allotment September 9, 2008 February 24, 2010July 6, 2009

Retail Plan, Dividend option, Daily Dividend Reinvestment Facility

For risk factors, please refer the last page

`500 & in multiples of `1/- thereafter.

2150.92 6692.48 84.15 1586.38Average AUM (` in lakhs)

Investor Service Centers & Risk Factors

• Delhi- 603, 6th Floor, Mercantile House, 15 Kasturba Gandhi Marg, New Delhi – 110001 Tel - 011 - 4357 1105• Kolkata- Savitri Tower, 2nd Floor, 3A Upper Wood Street, Kolkatta - 700017 Tel - 033 - 4421 8800• Mumbai - 5th Floor, One Indiabulls Centre, Tower 1, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013 Tel - 022-40979821

Additional Edelweiss Mutual Fund Branches

All Mutual Fund and securities investments are subject to market risk and there can be no assurance that the schemes’ objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. The name of the schemes does not in any manner indicate either the quality of the scheme, its future prospects and return. Past performance of the Sponsor and their Affiliates/AMC/Mutual Fund & its Scheme(s) does not indicate the future performance of the Scheme and may not necessarily provide a basis of comparison with other investments. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal and uncertainty of dividend distribution. As the price / value / interest rates of the securities in which the scheme invests fluctuates, the value of your investment in the scheme may go up or down. Investors are not being offered any guaranteed / assured returns under any scheme of Edelweiss Mutual Fund.

Edelweiss Mutual Fund is set up as a Trust under the Indian Trusts Act, 1882 by Edelweiss Capital Limited. Sponsor: Edelweiss Capital Limited (ECL)(liability restricted to initial contribution of ̀ 1 Lac).Trustee: Edelweiss Trusteeship Company Limited (ETCL), a Company registered under the Companies Act, 1956 Investment Manager: Edelweiss Asset Management Limited (EAML), a Company registered under the Companies Act, 1956.Copy of the Statement of Additional Information (SAI) / Scheme Information Document (SID) and Key Information Memorandum (KIM) can be obtained from any of our Investor Services Centers as well as from our website www.edelweissmf.com. Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) & Scheme Information Document (SID) of the respective schemes carefully before investing.

: The view of the fund managers should not be construed as advice. Investors 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 in various articles are not necessarily those of Edelweiss Asset Management Limited (EAML) or any of its Directors, Officers, Employees and personnel. Consequently, the Edelweiss Asset Management Limited (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 with regard to the same.

Statutory Details:

Disclaimer

Risk factors

Karvy Investor Service Centers

Agra - 0562-4000601 Ahmedabad - 079-26402967 / 079 -32997508 Ajmer - 0145-2628055 Aligarh - 0571-3200210 Allahabad - 0532-3240012 Ambala - 0171-

3200223 Amritsar - 0183-5053804 Anand - 02692 - 248980 Ankleshwar - 02646-227349 Asansol - 0341-2314624 Aurangabad - 0240-2363517 Balasore - 06782-

260503 Bangalore - 080 - 32008452 Bareilly - 0581-3200414 Baroda - 0265 - 6640870 Begusarai - 06243-243696 Belgaum - 0831-2402722 Behrampur (OR) - 0680 -

2208006 / 0680-3205010 Bhagalpur - 0641-3200584 Bharuch - 02642-2225022 Bhavnagar - 0278 - 3001004 Bhilai - 0788-3297477 Bhopal - 0755-4092706

Bhubaneswar - 0674 - 6534585 Bokaro - 06542 - 233330/32/30 Burdwan - 0342- 2550219 Calicut - 0495-3042083 Chandigarh - 0172-5071725 Chennai - 044

42028512 Cochin - 0484-4010273 Coimbatore - 9600930515 Cuttack - 0671-2613906 Dehradun - 0135 - 3205130 Dhanbad - 0326 - 6452027 Dharwad - 0836-2744207

Durgapur - 0343-3207052 Erode - 0424 2225615, 2225616 Faridabad - 0129-3213529 Gandhidham - 02836- 320585 Gaya - 0631-2220065 Ghaziabad - 0120-3100049

Goa - 0832 - 2426874 Gorakhpur - 0551-3200444 Guntur - 0863-2339094 Gurgaon - 0124-3210019 Guwahati - 0361 - 2203324 Gwalior - 0751-3201709 Haldwani -

05946-282635 Hissar - 01662-225845 Hubli - 0836-2232443 Hyderabad - 040 - 23312454 Indore - 0731 - 2553615 Jaipur - 0141- 2375039 Jalandhar - 0181-4634410

Jalgaon - 0257 - 2226761 Jalpaiguri - 03561-224207 Jammu - 9906296475 Jamnagar - 0288-2556260 Jamshedpur - 0657-2487045 Jhansi - 0510 - 2333685 Jodhpur -

0291-5103026 Jorhat - 0376 - 2301923 Kanpur - 0512-3209782 Karaikudi - 04565-237192 Karur - 04324-248871 / 04324-326048 Kharagpur - 03222- 242512/03222

253380 Kolhapur - 0231- 2653656 Kolkata - 033 - 24659297 Kota - 0744-2366145 Kottayam - 0481-2300868 Lucknow - 0522-3213115 Ludhiana - 0161-4648747

Malda - 03512-223190 Madurai - 0452-2600852 / 865 Mangalore - 0824 - 2494110 Margao - 0832-2734656 Mathura - 0565-3202615 Meerut - 0121-3202163

Mehsana - 02762 322559 Moradabad - 0591-3201272 Mumbai - 022 - 66235353 Muzaffarpur - 0621-3200474 Mysore - 0821 - 2438006 Nadiad - 0268-2563245

Nagpur - 0712 - 6619382 Nasik - 0253-6611395 Navsari - 02637-280367 New Delhi - 011- 43681700 Panipat - 0180-3200136 Patiala - 0175-5004349 Patna - 0612-

6453098 Pondicherry - 0413 - 4210640 Pune - 020-25533795 Raipur - 0771-2236696 Rajahmundry - 0883-2432076 Rajkot - 0281-3046532 Ranchi - 0651 - 2331320

Rohtak - 01262-318564 Rourkela - 0661-2510770 Saharanpur - 0132-3200125 Salem - 0427-2210835,2210983 Sambalpur - 0663-2522105 Shillong - 0364 - 2224186

Shimla - 0177-3206519 Shimoga - 08182-322577 Silchar - 03842-261229 Siliguri - 0353- 2526393 Surat - 0261-3042170 Tirunelveli - 0462-2335135 - 38 Tirupur - 0421-

2214221 Trichur - 0487 - 3246231 Trichy - 0431 - 4020227 Trivandrum - 0471 - 2725728 Udaipur - 0294-2429370 Valsad - 02632-258481 Vapi - 0260-3206404 Varanasi

- 0542-3204893 Vijayawada - 0866 2475126 Visakhapatnam - 0891- 2752917 Warangal - 0870-2553884

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