Edelweiss Diversified Growth Equity(E.D.G.E) Fund — NFO
06/05/2009 Leave a comment
Scheme Type: An Open Ended Equity Scheme
Investment Objective :
The primary objective of the Fund is to generate long term capital growth from a diversified portfolio, investing predominantly in equity and equity related securities.
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.
Benchmark Index : BSE 500
Fund Manager : Mr.Tarbir Shahpuri
NFO Open date: 04-May-2009
NFO Close date: 08-May-2009
Who should invest? Investors with a moderate to high risk profile looking to invest for the medium to long term in equities as an asset class.
Plans / Options:
The Scheme will have three Plans i.e. Plan A, Plan B, Plan C with common portfolio & will have Dividend and Growth Option. Dividend Option shall have Reinvestment, Payout & Sweep Facility. Each Plan represents interest in the same portfolio of investments and is identical in all respects to each other plan, except for differences relating to annual recurring expenses, minimum subscription amount to be brought in by the investors applying for the units in the Scheme & the load structure.The AMC reserves the right to introduce further Plans / Options as and when deemed fit.
Minimum Application Amount / No. of Units:
Plan Purchases Additional Purchase Minimum Redemption Amount
Plan A Rs. 1,000/- & multiples of Re.1 Rs.1,000/- & multiples of Re.1 Minimum of Rs. 1,000/- & in multiples of Re. 1/- thereafter
Plan B Rs.25,000/- & multiples of Re.1
Plan C Rs. 10,000/- & multiples of Re.1
Load Structure:
(A) Under Normal Circumstances
Plan A Plan B Plan C
Entry Load 2.25% Nil Nil
Exit Load Upto 180 days: 1.50 % Upto 90 days: 1.50% Upto 180 days: 2.00%
From 181 days upto 365 days: 1.00% From 91 days upto 365 days: 1.00% From 181 days upto 365 days: 1.50%
From 366 days: Nil From 366 days: Nil From 366 days upto 545 days: 1.00 %
From 546 days upto 730 days: 0.50 %
From 731 days: Nil
(B) Under ROA (Right of Accumulation)
Particulars Plan A Plan B Plan C
Limits on ROA:
*Accumulated Investment Rs. 1 Crore & above Rs. 1 Crore & above Rs. 1 Crore & above
**Discounting Days Within 10 Business Days Within 10 Business Days Within 10 Business Days
***Discounting Cycle & Exit load Upto 90 days: 1.5% Upto 90 days: 1.5% Upto 90 days: 2.0%
From 91 days and above Above 90 days: Nil From 91 days and above
upto 180 days: 0.50% upto 180 days: 1.00%
Above 180 days: Nil From 181 days and above
upto 365 days: 0.5%
Above 365 days: Nil
* This is the minimum amount invested by the Qualified investors/ unit holder across the discounting days & held throughout the discounting cycle as defined by AMC/ Trustee from time to time to avail the benefits of right of accumulation.
** Certain number of days, as determined by AMC from time to time, within which Qualified Investor/ unit holder has to invest in the Scheme/Plan, an amount equivalent to the accumulated investment specified by the AMC from time to time to avail the right of accumulation. The calculation of these discounting days will include the date of submission of Statement of Intention (SOI).
*** Certain number of days, as determined by AMC from time to time, during which the Qualified Investor / Unit holder should retain & remain, invested with the accumulated investment, brought during the discounting days to avail the right of accumulation.
Cut-off Time and applicable NAV:
(a) Cut off Timing for Subscriptions:
In respect of valid purchase applications accepted at an Investor Service Center upto 3.00 p.m. with a local cheque or demand draft payable at par at the place where it is received – closing NAV of the day of receipt of application;
In respect of valid Purchase applications accepted at an Investor Service Center after 3.00 p.m. with a local cheque or demand draft payable at par at the place where it is received – closing NAV of the next Business Day ; and Where the application is received with an outstation cheque or demand draft which is not payable on par at the place where it is received – closing NAV of day on which the cheque or demand draft is credited.
(b) Cut off Timing for Redemptions:
In respect of valid applications received upto 3 p.m. by the Investor Service Center, the closing NAV of the day of receipt of application.
In respect of valid applications received after 3 p.m. by the Investor Service Center, closing NAV of the next Business Day shall be applicable.
Note: Valid applications for ‘switch-out’ shall be treated as applications for Redemption and for ‘switch-in’ shall be treated as applications for Purchase, and the provisions of the Applicable NAV and cut-off time as mentioned above shall be applied respectively to the ‘switch-in’ and ‘switch-out’ applications.
Pay out schedule for Redemption:
Within 10 business Days of acceptance a valid redemption request.
Cheque to be drawn in favor of: “E.D.G.E Fund & PAN No. _________”
Facilities Available:
1. Trigger
2. Right of Accumulation
3. Systematic Investment Plan(*)
4. Systematic Withdrawal Plan(*)
5. Systematic Transfer Plan(*)
(*) These facilities are available for ongoing purchases only
