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Edelweiss Banking and PSU Debt Fund(D)-Direct Plan

Edelweiss Banking and PSU Debt Fund(D)-Direct Plan
Dividend Yearly
NA
Category
Debt - Income
52-week NAV high
15.74  (As on 02-04-2019)
52-week NAV low
14.48  (As on 27-04-2018)
Expense
0.37%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.23 2.43 5.16 7.66 - - - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Sep 09, 2014
Last Dividend
NA
Minimum Investment
5000

Edelweiss Mutual Fund is wholly-owned by Edelweiss Group and was set up as a Trust with Edelweiss Financial Services Ltd. as the sponsor. The Edelweiss Asset Management Ltd. acts as the fund manager of Edelweiss Mutual Fund which offers schemes across categories of equity, fixed income, Exchange Traded Funds (ETFs), and international funds.

The Edelweiss Banking and PSU Debt Fund - Direct Plan - Dividend Option is an open-ended debt scheme that invests in money market and debt securities issued by banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs), municipal bonds, and entities owned by the centre. The direct plan of the scheme offers a low expense ratio to the investor while the dividend option provides a regular income.

Investment Objective

To produce returns that correspond to the risk associated with investment in debt and money market securities issued by banks, Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs), municipal bonds, etc.

Key Features of the Scheme

The Edelweiss Banking and PSU Debt Fund is ideal for investors who wish to receive reasonable income over a short or medium term and prefer investing in debt and money market securities. The scheme exhibits the below features:

Type of fund An open-ended income scheme
Plans available Regular Plan and Direct Plan
Options under each plan
  1. Growth Option
  2. Dividend Option
The dividend option offers - Payout (monthly) and Reinvestment (weekly, fortnightly, and monthly)
Risk Moderate
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment amount for Edelweiss Banking and PSU Debt Fund

Minimum Application Amount Rs.5,000 per application and in multiples of Re.1 thereafter
Minimum Additional Investment Rs.1,000 per application and in multiples of Re.1 thereafter
Minimum installment for Systematic Investment Plan (SIP) Rs.1,000 and in multiples of Re.1 thereafter for a minimum of 6 instalments
Minimum installment for Systematic Withdrawal Plan (SWP) Rs.1,000 per application and in multiples of Re.1 thereafter or 100 units
Entry Load Nil
Exit Load Nil

Asset Allocation for Edelweiss Banking and PSU Debt Fund

Instruments Indicative Allocation Percentage of total assets Risk Profile
Minimum Maximum
Debt and money market securities issued by Public Financial Institutions (PFIs), banks, municipal bonds, Public Sector Undertakings (PSUs), entities owned by central and state governments 80% 100% Low to Medium
Debt and money market securities including CBLO, treasury bills, central and state government securities, units of liquid and debt mutual funds 0% 20% Low

NAV Disclosure and Benchmark for Edelweiss Banking and PSU Debt Fund

The NAV of Edelweiss Banking & PSU Debt Fund is obtained by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV will be rounded off to 3 decimal places and disclosed at the end of every working day. The NAV will be updated on the website of AMFI (www.amfiindia.com) and Edelweiss Mutual Fund (www.edelweissmf.com) by 9:00 p.m. every business day.

The NAV will also be sent to at least 2 newspapers for publication on every business day. The newspapers publishing the NAV will have a nationwide circulation. The scheme’s monthly portfolio will also be available on the official website of UTI Mutual Fund on or before the 10th day of the succeeding month.

Benchmark: CRISIL Short Term Bond Fund Index

Fund Manager

Mr. Dhawal Dalal and Mr. Gautam Kaul

The Edelweiss Banking and PSU Debt Fund is managed by Mr. Dhawal Dalal and Mr. Gautam Kaul. Mr. Dhawal Dalal has been managing the scheme since 28 November 2016. Overall, he has an experience of 15 years in the investment domain. Prior to joining Edelweiss Mutual Fund, he has worked with DSP BlackRock Investment Managers and Merrill Lynch Investment Managers.

Mr. Gautam Kaul has been managing the scheme since 11 December 2017 and has an experience of more than 15 years in the fixed income segment. He had previously worked with Invesco Asset Management and IDBI Asset Management Ltd.

Why you should invest in the Edelweiss Banking and PSU Debt Fund

  • Multiple investment options - The Edelweiss Banking and PSU Debt Fund comes in regular and direct plans wherein the direct plan will have a lower expense ratio than the regular plan. Also, investors can choose between growth and dividend option. The growth option will allow investors to enjoy capital gains at the end of the investment period while the dividend option will offer them a regular income.
  • Can invest low - With an investment of just Rs.1,000 a month through an SIP, investors have an opportunity to create wealth over a long term through the Edelweiss Banking and PSU Debt Fund. Therefore, investors need not worry about having a huge sum to invest in mutual funds.
  • Liquidity - Investors subscribing to the units of the Edelweiss Banking and PSU Debt Fund can redeem and purchase units at applicable NAVs on any business day. Thus, offering liquidity to the investor.
  • Professional management - Both the fund managers of the scheme have been handling mutual fund investments for many years. With such a vast experience, you can be assured that your investments will yield optimal returns.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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