Edelweiss ETF - Nifty Quality 30

Performance

Edelweiss ETF - Nifty Quality 30 is a mutual fund scheme which is offered by Edelweiss Asset Management Ltd. Edelweiss Mutual Fund is one of the most trusted businesses of the Edelweiss Group. It is sponsored by Edelweiss Financial Services Limited. Edelweiss Asset Management Limited is a subsidiary of Edelweiss Financial Services Limited and is the investment manager of the Edelweiss Mutual Fund.

Investment Objective of the Edelweiss ETF - Nifty Quality 30

The main investment objective of the Edelweiss ETF - Nifty Quality 30 scheme is to offer returns before expenses. These returns will be at par with the total returns of the Nifty Quality 30 Index. However, this is subject to tracking errors.

The realisation of the investment objectives is not assured. The returns are also not guaranteed.

Key Features of the Edelweiss ETF - Nifty Quality 30

The key features of the Edelweiss ETF - Nifty Quality 30 are listed in the table below:

*At present the asset management company (AMC) does not offer any plans, options, or sub-options under the Edelweiss ETF - Nifty Quality 30 scheme. However, the rights to introduce plan(s), option(s), or sub-option(s) at any point in time in the future is reserved by the AMC or trustee.

Investment Amount for the Edelweiss ETF - Nifty Quality 30

Asset Allocation of the Edelweiss ETF - Nifty Quality 30

Who can invest in the Edelweiss ETF - Nifty Quality 30?

The persons who are eligible and can subscribe to the units of the Edelweiss ETF - Nifty Quality 30 scheme are as follows:

• Resident Individuals can invest singly or jointly. However, investments on a joint basis can be made by a maximum of 4 individuals.
• Limited Liability Partnerships
• Overseas Citizen of India (OCI)
• Companies
• Non-Resident Indians (NRIs)
• Hindu Undivided Family (HUF) through a Karta
• A guardian or parent on behalf of a minor
• Scientific and Industrial Research Organisations
• Proprietorship which is under a sole proprietor
• Bodies of Individuals (BOI)
• Association of Persons (AOP)
• Public Sector Undertakings (PSUs)
• Persons of Indian Origin (PIOs)
• Partnership Firms
• RBI
• Bodies Corporate
• Bodies and units created by Navy
• Bodies and units created by Army
• Foreign Portfolio Investors (FPI) who are registered under SEBI
• Bodies and units created by Air Force
• Bodies Corporate incorporated outside India with prior permission from the Government of India
• Banks and Financial Institutions (banks include both Co-operative Banks and Regional Rural Banks (RRBs))
• Bodies and units created by other paramilitary units
• Religious and Charitable Trusts and so on.

NAV Disclosure and Benchmark for the Edelweiss ETF - Nifty Quality 30

The Net Asset Value or NAV of the units under this scheme is calculated on every business day. It is also calculated on other days as per requirement. The market or fair value of the investments of the scheme is added to the current assets. The current liabilities are deducted and the result is divided by the number of units that are outstanding under the scheme on the date of computation of the Net Asset Value (NAV). Under this scheme, the Net Asset Value (NAV) is computed and the declaration is made up to 4 decimal places. The 4th decimal place is rounded off for this purpose. The intra-day indicative NAV might be calculated as well by the fund. This is updated on the official website of Edelweiss Mutual Fund, i.e. www.edelweissmf.com.

The benchmark index of the Edelweiss ETF - Nifty Quality 30 scheme is Nifty Quality 30 Total Return Index.

Edelweiss ETF - Nifty Quality 30 - Fund Manager

The Edelweiss ETF - Nifty Quality 30 is managed by 2 fund managers. They are:

1. Mr. Bhavesh Jain - Fund Manager
2. Mr. Hiten Shah - Co-Fund Manager

Mr. Bhavesh Jain has been managing the fund as a Fund Manager while Mr. Hiten Shah is the Co-Fund Manager. Both Mr. Bhavesh Jain and Mr. Hiten Shah have a Masters degree in Management Studies (Finance) from the Mumbai University.

Investment Restrictions of the Edelweiss ETF - Nifty Quality 30

There are certain restrictions in terms of the investments made in the Edelweiss ETF - Nifty Quality 30. Some of them are as follows:

• Only 10% of a mutual fund’s Net Asset Value or NAV can be invested by the mutual fund in debt instruments which are issued by a single issuer.
• The investment made by the mutual fund scheme in debt instruments which are issued by a single issuer can be extended to 12% of the Net Asset Value with prior approval from the Board of trustees as well as the Board of Directors of the asset management company (AMC).
• The deposits of short term nature are to be held in the name of the concerned scheme.
• No loans should be advanced by the scheme for any purpose at any point in time.
• The investments made in all the schemes combined under a mutual fund should not be more than 10% of a company’s paid up capital carrying the voting rights.
• The scheme should buy and sell all securities on the basis of deliveries.
• The scheme should not be investing more than 10% of the Net Asset Values (NAV) in deposits which are short term in nature of any single scheduled commercial bank or any of its subsidiaries
• “Short Term” for the funds which are parked should be considered as a period of time which does not extend beyond 91 days.
• Investments should not be made by the scheme in short term deposits of a bank if the bank has invested in the scheme.

Dividend Policy of the Edelweiss ETF - Nifty Quality 30

In case of declaration of dividend, it has to be reinvested into the scheme. Although the same is done by the index on the day right after the declaration of dividend (i.e. ex dividend), it will be accounted for by the scheme in 15 to 20 days. Only after this period, the reinvestment of the money will be possible. The scheme will take exposure in derivatives after this period in order to reduce the errors in tracking.

Why should you invest in the Edelweiss ETF - Nifty Quality 30?

The Edelweiss ETF - Nifty Quality 30 is a product which is offered by the Edelweiss Asset Management Ltd. The latter is one of the most trusted businesses worldwide and it belongs to the Edelweiss Group. The Asset Management Company or AMC is backed by Edelweiss Asset Management Limited which acts as the Investment Manager. It has a huge base of investors and offers a plethora of investment options for investors of all types. If an investor is looking for returns before expenses through a mutual fund scheme, the Edelweiss ETF - Nifty Quality 30 is one of the best options.

GST rate of 18% applicable for all financial services effective July 1, 2017.