NFO: Edelweiss Nifty Enhancer Fund

Scheme Type:  An Open Ended Equity Scheme

Investment Objective :

The primary objective of the Fund is to generate capital appreciation and income distribution by investing in a portfolio that endeavors to outperform the S & P CNX Nifty 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.
"Edelweiss Nifty Enhancer Fund" is only the name of the Fund. The scheme is not an Index Fund. The equity stocks/ weightages of the equity stocks in the scheme Portfolio may differ vis-à-vis the underlying stocks of Nifty Index.

Benchmark Index : S& P CNX Nifty
The fund reserves the right to change the benchmark for evaluation of the performance of the scheme from time to time, subject to SEBI Regulations and other prevailing guidelines if any.

Fund Manager : Mr. Gaurav Khandelwal

Plans / Options:

The scheme will have a single Plan with Dividend & Growth Options. Dividend Option shall have Reinvestment, Payout & Sweep Facility. Default Option / facility-Growth Option /Dividend Facility / Dividend Re-investment frequency. If dividend is less than Rs. 100 then no payout but compulsorily re-invested.
The AMC reserves the right to introduce further Plans / Options as and when deemed fit.

Application Amount / No. of Units:

Purchases	Additional Purchases	Redemtions
Minimum Rs. 5,000/- and in multiples of Re.1/- thereafter.	Minimum of Rs. 1,000/- and multiples of Re. 1/- thereafter.	Minimum of Rs. 1,000/- and multiples of Re. 1/- thereafter

Dispatch of Repurchase (Redemption) Request:

Within 10 business days of the receipt of the redemption request at the designated Investor Service Center of Edelweiss Mutual Fund.

Load Structure:

The Load Structure would comprise of an Entry Load and /or an Exit Load / CDSC, as may be permissible under the Regulations. The load structure is stated as under:

Entry Load: NIL

Exit Load: Normally, the Exit Load will be as stated below:

1) Redemption request received on any business day within & including 180 days from the date of allotment in the scheme.
Load Chargeable (as %age of NAV):1.00%

2) Redemption request received on any business day after 180 days(from 181 days) but before & including 365 days from the date of allotment in the scheme.
Load Chargeable (as %age of NAV):0.25%

3) Redemption request received on any business day within & including 180 days from the date of allotment in the scheme.
Load Chargeable (as %age of NAV):Nil

Dividend in Just 7 months: Bharti-Axa Equity Fund

The first offer by Bharti AXA Investment Managers (BAIM) in diversified equity space through its BA Equity Fund, an open-end equity growth fund whose investment performance is benchmarked against S&P CNX Nifty index, has managed to pleasantly surprise its investors by announcing a dividend payout today, just seven months from launch.

While BAIM, a joint venture between Bharti Ventures Ltd, AXA Investment Managers and AXA Asia Pacific Holdings, is itself a fairly new asset management company, it is looking to move aggressively in the space to make up for lost time against well-entrenched competitors.

The record date for BA Equity Fund, launched in September 2008, has been fixed as 29th May 2009 and all purchases on or before this date will be eligible for the dividend.

According to Sandeep Dasgupta, CEO, Bharti AXA Investment Managers, “Stringent risk control norms have been the pivot in our investment strategy. It is our stated philosophy that we book profits and share them with the investors.”

 

	Quantum Of Dividend
Bharti AXA Equity Fund* (Plan/ Option)	Re. per unit	% of face value	Record Date	NAV as of 21st May, 09 (Rs.)
Regular Plan – Quarterly Dividend	0.50	5%	May 29,2009	14.18
Regular Plan – Regular Dividend	1.00	10%		14.18
Eco Plan – Quarterly Dividend	0.50	5%		14.21
Eco Plan -  Regular Dividend	1.00	10%		14.21
Institutional Plan – Quarterly Dividend	0.50	5%		-
Institutional Plan - Regular Dividend	1.00	10%		-

* as of May 21, 2009. Face value: Rs 10 per unit.

 

Record date : May 29, 2009

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