Edelweiss Absolute Return Fund^

Transcription

1 Scan QR Code with your mobile and learn more. If you don t have the QR reader, simply download one of the many free applications available for your handset!!! Mutual Fund Factsheet - Absolute Return Fund^ An Equity - oriented Scheme Mr. Absolute^^ seeks to protect your investment from the vola lity of equity markets by deploying various strategies to combat market vola lity so that investors feel secure about their investments. Mr. Absolute strategies: Dynamically Hedged Equity Investments Managing Equity exposure based on market opportunity and effec ve risk mi ga on and monitoring processes Special Situa ons Inves ng in various corporate events like Open offers, De-lis ng Low Risk Strategies Cash Futures Arbitrage & Fixed Income Who in par cular can look forward to protec on from Mr. Absolute Investors who are re-entering the markets Investors who are looking to diversify their por olio Investors who prefer low-risk opportuni es Investors with low tolerance for losses ^The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns. ^^Mr. Absolute seeks to personify the characteris cs of Absolute Return Fund: generate absolute returns with low vola lity over a longer tenure of me. To create wealth over long term and prevent capital erosion in medium term Investment predominantly in equity and equity related securities including through arbitrage opportunities with balance exposure to debt and money market securities High risk (BROWN) Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

2 Is Debt Taxation Worrying You? Arbitrage Fund An Open Ended Equity Scheme This product is suitable for investors who are seeking*: To generate income by predominantly investing in arbitrage opportunities Investments predominantly in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments Low risk (BLUE) Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk Invest in Arbitrage Fund VOLATILITY MANAGEMENT Simultaneous trades in the same security across exchange/ platform eliminates major risks of significant price movement ALTERNATIVE TO LIQUID INVESTMENTS Offer similar risk-adjusted return BETTER POST-TAX RETURNS Being classified as an Equity Scheme, it enjoys tax advantage over Debt/ Money Market Scheme Investment Objective The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be realized. Benchmark Plans/Options/Facilities CRISIL Liquid Fund Index The Scheme offers two Plans: Regular Plan and Direct Plan Each Plan offers: Growth Option, Dividend Option and Bonus Option Dividend Option offers: Reinvestment, Payout and Sweep facility Exit Load Structure If the Units are redeemed / switched out on or before 3 months from the date of allotment % If the Units are redeemed / switched out after 3 months from the date of allotment - Nil Minimum Application amount `5000/- and in multiples of `1/- Mutual fund investments are subject to market risks, read all scheme related documents carefully. For further information T O L L F R E E N O N T O L L F R E E S M S IQ to W E B S I T E INVESTORS emfhelp@edelweissfin.com

3 Index Markets & Beyond Equity Market Outlook PAGE NO. 4 Debt Market Outlook 5 Equity Funds Absolute Return Fund* An Open-ended Equity Scheme (*The Scheme is an equity-oriented Scheme. Investors in the Scheme are not being offered any guaranteed / assured returns) Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund An Open-ended Equity Scheme ELSS Fund An Open-ended Equity Linked Savings Scheme Select Midcap Fund** An Open-ended Equity Scheme (**Investors in the Scheme are not being offered any guaranteed/assured returns) Opportunties Fund An Open-ended Equity Scheme Arbitrage Fund An Open Ended Equity Scheme PAGE NO Fixed Income Funds Liquid Fund An Open-ended Liquid Scheme Ultra Short Term Bond Fund An Open-ended Debt Scheme Short Term Income Fund An Open-ended Income Scheme Gilt Fund An Open-ended Gilt Scheme Debt and Corporate Opportunities Fund An Open-ended Hybrid Scheme PAGE NO

4 Markets & Beyond EQUITY MARKET OUTLOOK WHAT WE SAID LAST TIME With its fifth month in office, all eyes are now on the central government to push the reforms agenda and take the economy out of the downward spiral. It has started to make the right noises. But this shall not be sufficient going forward. Market shall be looking for concrete policies and action plans. Coalblock allocations and natural-gas pricing seem to be urgent issues that may prove to be barometer for the new government. A timely, rational and economically sustainable solution to these issues shall provide market with confidence that its hopes were not wrongly placed. Two major Indian states (Maharashtra and Haryana) will go for elections this month. Market may be more volatile in run up to the day of election results (19th ). Post election results, markets may see some movement depending on their outcome. Indecisive mandate in results may lead to some correction. In its carefully worded document, US Fed made it clear that its decision to increase rates shall be dependent on macroeconomic data and shall not be adhering on any timelines. In Europe, ECB indicated that in the event that growth and inflation does not pick up in the region, it is prepared to introduce further liquidity infusing measures including purchase of asset backed securities. Liquidity flows to emerging markets shall be interplay of policy decisions by Fed and ECB. Market analysts shall be trying to read the tea leaves with the macroeconomic data in these two regions. We expect Nifty to be in the range to 8200 for the coming month, barring tail event. WHAT HAPPENED? Nifty had a weak start to the month as initial set of corporate earnings results failed to live up to investor expectations. Weak global cues, impending state election results and poor industrial production numbers added to the market woes leading to a 2.5% correction in the first half of the month. However, markets made a smart turnaround in the second half driven by positive election results, dipping crude prices, lower inflation numbers and flush of liquidity from international markets. Nifty ended the month above 8300 level, posting close to 4.5% returns for the month. While banks, infrastructure companies and energy players were market favourites, FMCG, IT and Pharmaceutical stocks were laggards. Domestic macroeconomic data was mixed. Industrial production in August grew at just 0.4% YoY. This was considerably lower than market expectation of 2.6%. However, in a positive, consumer prices were seen to be moderating with a 6.46% YoY growth number for September as against a 7.73% YoY growth for August. WPI was also lower at 2.38% YoY as against 3.74% YoY for August. Trade data for the month of September indicated that imports grew by a massive 26% YoY to 43.2 billion driven by higher purchase of gold and oil. Meanwhile, exports grew by only 2.73% YoY to 28.9 billion. India's trade deficit widened to billion from billion in August. Globally, central bankers pushed further liquidity measures to accelerate recovery. In US, while Federal Reserve Bank ended its quantitative easing program this month, it assured the investors that it intends to keep rates at record low levels for a considerable time. Such an assurance from Fed boosted the investor sentiments and pushed S&P to all time high levels. In a surprise move, Bank of Japan announced an expansion in its quantitative easing program by 30 trillion yen to 80 trillion yen. This move pumped surplus liquidity in to global equity markets which saw a sharp up-move after this announcement. In Europe, ECB pledged to be more aggressive to combat ultralow inflation in Euro zone including a broad based long-term bond buying program if need be. OUTLOOK FOR THE COMING MONTH After many months, inflation data has surprised the street on the positive side. This has put pressure back on RBI to reduce the policy rates. The pressure from the industry will intensify if inflation numbers are lower than street expectations. Investors shall be eying these numbers closely and any positive surprise shall be a good reason to anticipate a rate cut soon. On other hand, higher than expected inflation will push the needle back in to the RBI's wait-and-watch stance and shall be a disappointment for the markets. Earnings season has been lacklustre so far with few positive surprises from the large caps. A good number of small/mid-caps are lined up for results in the balance of this month. It is results of these companies that shall indicate if the recovery process has started in the economy or if growth is yet to pick up steam. Globally, as ECB president Mr. Draghi has already announced his intentions to go all out to counter deflation and slowdown in the region, data from Europe has gained importance for financial markets world over. In a scenario that ECB is forced on a long-term bond buyback program (also called 'quantitative easing'), global equity markets should trend higher. We expect Nifty to be in the range to 8500 for the coming month, barring tail event. MACRO-ECONOMIC INDICATORS August IIP growth flat at 0.40% YoY vs. 0.40% YoY in July (revised downward from 0.50%) September WPI inflation fell to 2.38% vs. 3.74% in August September CPI inflation decreased to 6.46% YoY vs. 7.80% in August September exports grew by 2.73% YoY while imports grew by 26.00% YoY India's Manufacturing Purchasing Managers' Index (PMI) increased to 51.6 in MARKET ACTIVITY AND VALUATION Performance of Nifty Sectors: Performance of Size Indices: Flows: ` (Cr.) Top Performers Bottom Performers Index Nifty Nifty Junior CNX Midcap 25,000 20,000 15,000 10,000 5, ,000 Oct-13 Construction (51.5%) Automobile (49.0%) IT (18.9%) Consumer Goods (16.4%) Nov-13 Dec-13 CYTD Jan-14 CYTD 32.0% 37.0% 46.7% Feb-14 FII Flows Mar-14 Valuation and earnings estimates: Apr-14 Industrial Manufacturing (28.1%) Construction (12.3%) Telecom (-1.6%) Consumer Goods (-2.6%) 4.5% 4.2% 3.7% CNX Nifty Index is currently trading at 17x forward 1Y PE multiple which is above its long term average. CNX Midcap is trading at 16.5x forward 1Y PE which is also above its long term average. Source: Bloomberg, NSE, Internal research as of November 7, May-14 Jun-14 July-14 Aug-14 Sept-14 Oct-14 4

5 Markets & Beyond DEBT MARKET OUTLOOK WHAT WE SAID LAST TIME RBI stance in this policy reinforced the market belief of an extended status quo on key policy rates. RBI tone in this policy was largely similar as in the previous one with more of the guidance been directed towards the medium term inflation target (6% CPI target for Jan 2016) and achieving this target will be the key influencer for future monetary policy guidance and action. Hence we see limited probability of a rate cut in the current fiscal and any future policy action by RBI will revolve around the sustenance of disinflation in medium term not just in the near term. Indian government bond yields are therefore expected to trade range bound with rate easing now appearing farther on the horizon. At the same time, the key macro indicators like CAD, BOP, Inflation and FII flows have shown significant improvement which is positive for the bond market and makes a strong case for investing in fixed income funds with a medium term perspective WHAT HAPPENED? Wholesale Price Index based inflation; fell to a near five-year low of 2.38% in September from 3.74% in the previous month, mainly on account of lower prices of vegetables & crude oil and statistical effect of a high base. Food articles inflation fell to 3.52% from 5.15% a month ago. Within food, vegetable prices fell 13.02% month on month led by an 11.45% fall in onions. Prices of potato, however, increased by 11.88% month on month in September. Primary articles inflation fell to 2.18% in September from 3.89% in August. Meanwhile, fuel and power inflation declined to 1.33% in September from 4.54% in August. Manufactured products inflation fell to 2.84% compared with 3.45% a month ago. The non-food manufactured products inflation, which is a proxy for core inflation, fell to 2.8% in September from 3.5% in August. July inflation rate was revised to 5.41%, up from the provisional estimate of 5.19%. The Consumer Price Index based inflation plummeted to an all-time low of 6.46% in September, mainly driven by a fall in vegetable inflation and the statistical effect of a high base. India's industrial growth remained subdued at 0.4% in August, unchanged from the year ago, as well as month ago, mainly on account of contraction in consumer durables and consumer goods sectors, particularly telephone instruments including mobiles. An 11.3% contraction in capital goods also weighed on the overall factory production. The manufacturing sector, which accounts for nearly three-fourths of the total weight of the Index of Industrial Production, contracted 1.4% in August, compared with contraction of 0.2% a year ago. Within the consumer goods segment, consumer durables contracted 15%, compared with contraction of 8.3% a year ago. Consumer non-durables goods sector recorded a contraction of 0.9% in August, compared with a growth of 5.4% a year ago. Growth in core infrastructure sectors such as electricity was at 12.9%, while mining activity grew at 2.6%. The growth in output of basic goods was 9.6% in August, while intermediate goods growth was 0.3%. In Apr-Aug, the first five months of this financial year, the industrial output has risen 2.8%, compared with 0.0% growth a year ago. The 10-year benchmark G-sec yield closed at 8.28%, down by 23 bps from last month level of 8.51% while that on the short-term 1-year bond declined by 32 bps to 8.35%. The spread between 1 and 10-year benchmark G-sec narrowed to 7 bps. In the corporate bond segment, yields ended lower over the month. The 10- year AAA bond yield closed at 8.92%, down by 38 bps while the short-term 1-year AAA bond yield was down by 26 bps at 8.83%. As a result, the spread between 1-year and 10-year AAA bond narrowed. Within the short term segment, the yield on 3-month certificate of deposit (CD) ended 17 bps lower at 8.49%, while that on the 1-year CD closed at 8.77%, down by 31 bps. Meanwhile, yield on 3-month commercial paper (CP) declined by 20 bps to 8.71% while yield on 1-year CP went down by 13 bps from last month level to close at 9.28%. 9.50% 9.25% 9.00% 8.75% 8.50% 8.25% 8.00% 7.75% 7.50% 0.80% 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% India Government Actives 3 Month 6 Month 1 Year 5 Year 10 Year 30-Sep-14 India Corporate Spread Curve 3 Month 6 Month 1 Year 5 Year 10 Year 30-Sep Oct Oct-14 OUTLOOK FOR THE COMING MONTH Macroeconomic conditions are gradually improving with the key driver being a sustained fall in inflationary pressure. From a fixed income perspective, India has entered a sweet spot - moderating retail inflation, real positive interest rates, stable external sector and revival expectations for overall economic activity. Key macro indicators like current account deficit, balance of payments, FII flows and inflation have improved significantly over the past year, and offer enough reasons for a further optimism in fixed income markets. Therefore, in a medium term scenario, we continue to recommend short /medium duration funds as yields at the short to medium end of the curve are still attractive, and provide investors much better riskadjusted return prospects. Source: Bloomberg, Cogencis, Internal research as of November 7, 5

6 ABSOLUTE RETURN Fund* (*The Scheme is an equity - oriented Scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.) Mr. Absolute seeks to personify the characteristics of Absolute Return Fund: generate absolute returns with low volatility over a longer tenure of time. FACTSHEET Equity Fund This product is suitable for investors who are seeking*: To create wealth over long term and prevent capital erosion in medium term Investment predominantly in equity and equity related securi es including through arbitrage opportuni es with balance exposure to debt and money market securi es High risk (BROWN) Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk 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. 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. TOP TWENTY EQUITY HOLDINGS Name of Instrument Industry % to Net Assets Tata Consultancy Services Limited Software 5.49 Axis Bank Limited Banks 3.94 Housing Development Finance Corporation Limited Finance 3.91 Oil & Natural Gas Corporation Limited Oil 3.40 Wipro Limited Software 2.62 Sun Pharmaceuticals Industries Limited Pharmaceuticals 2.33 TV18 Broadcast Limited Media & Entertainment 2.30 HDFC Bank Limited Banks 2.22 Dabur India Limited Consumer Non Durables 2.11 Bharti Airtel Limited Telecom - Services 2.08 ITC Limited Consumer Non Durables 2.05 Prime Focus Limited Media & Entertainment 1.72 Rural Electrification Corporation Limited Finance 1.71 IndusInd Bank Limited Banks 1.61 Eicher Motors Limited Auto 1.47 Tata Communications Limited Telecom - Services 1.46 Motherson Sumi Systems Limited Auto Ancillaries 1.44 Cadila Healthcare Limited Pharmaceuticals 1.43 Tech Mahindra Limited Software 1.37 Bosch Limited Auto Ancillaries 1.37 Notes: Fixed Deposit placed under margin : `600 Lakhs. Total Exposure to derivative instruments (excluding reversed positions) as on 31/10/ : `1, Lakhs. ASSET ALLOCATION as on 31, 78.01% Equities 21.99% EDELWEISS ABSOLUTE RETURN FUND ( ARF) ARF INDUSTRY ALLOCATION So ware Pharmaceu cals DIVIDEND HISTORY ARF - (Direct Plan) Scheme Benchmark (Crisil MIP Blended Index ) Alternate Benchmark (CNX Nifty) (INR) Risk Measurement - Standard Deviation CRISIL MIP CNX ARF Blended Index Nifty September 30, September 30, ^ 29.92% 12, % 13, % 11, % 13, % 3.23% 13.44% September 28, September 30, 2013^ 3.42% 10,342 NA NA 3.22% 10, % 10, % 6.64% 17.16% September 30, September 28, 2012^ 12.03% 11,203 NA NA 10.60% 11, % 11, % 2.82% 18.58% Since Inception (CAGR) ARF 10.79% 16,890 NA NA 7.96% 14, % 17, % 3.94% 17.25% Since Inception (CAGR) ARF - Direct Plan NA NA 18.44% 13, % 11, % 13,095 NA NA NA Based on standard investment of `10,000 made at the beginning of the relevant period. ^Absolute Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Since Inception returns are calculated on `10/- invested at inception of the scheme shown above are for Growth Option only. Performance of the Dividend Option for the investor would be net of the dividend 6 Record Date Op on Name NAV on Record Amount of Date (`) Dividend (`) 31/10/ Dividend Op on /07/ Dividend Op on /04/ Dividend Op on /01/ Dividend Op on /10/2013 Dividend Op on /07/2013 Dividend Op on /04/2013 Dividend Op on /01/2013 Dividend Op on /10/2012 Dividend Op on /07/2012 Dividend Op on /04/2012 Dividend Op on /01/2012 Dividend Op on /10/2011 Dividend Op on /07/2011 Dividend Op on /04/2011 Dividend Op on /01/2011 Dividend Op on Dividend is declared on the face value of `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 Others include (Derivatives, Fixed Deposit, CBLO / Reverse Repo Investments and Cash & Cash Equivalents) Performance may or may not be sustained in the future. FUND PERFORMANCE AS ON SEPTEMBER 30, Finance Banks Consumer Non Durables Telecom - Services Media & Entertainment Auto Ancillaries Auto Oil Tex le Products Pes cides Industrial Capital Goods Ferrous Metals Minerals/Mining Consumer Durables Transporta on 2.63% 1.50% 1.40% 1.20% 1.08% 1.05% 0.97% 7.00% 5.77% 5.50% 5.02% 4.89% 8.67% 12.88% 11.27% 11.18% 17.98% Date of Allotment : August 20, 2009 Date of Inception (Direct Plan) : January 21, 2013 `1000/- per application & in multiples of `1/- Exit Load If the Units are redeemed / switched out on or before 365 days from the date of allotment 1.00% If the Units are redeemed / switched out after 365 days from the date of allotment Nil The entire exit load will be credited to the Scheme net of service tax, if any : Mr. Paul Parampreet Managing the Scheme since: February 04, 2010 Co-: Mr. Ashish Sahay Experience: 4 years Managing the Scheme since: June 23, Ratios as on September 30, Standard deviation 9.05% Sharpe ratio** 2.81 Portfolio beta 0.64 R squared 0.78 Portfolio Turnover Ratio^ 2.46 times ** Risk Free Rate considered for the above = 8.511% p.a. (8.4% 2024 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. Ratio as on 31, Options: Growth, Dividend, Bonus Benchmark: CRISIL MIP Blended Index Total Expense Ratios : Existing Plan: 2.68% Direct Plan: 2.28% Growth Option Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option distribution tax, as applicable. Standard Benchmark prescribed by SEBI vide circular dated August 22, In case start /end date of the relevant period is a non-business Day, the NAV of the previous Business Day is considered for computation of returns. Note: For the performance of other Schemes managed by the s, please refer to the relevant scheme.

7 FACTSHEET Equity Fund EDGEMaster seeks to personify the a ributes of E.D.G.E Top 100 Fund: A large cap Fund focusing on 100 largest corporates in India by market capitaliza on Invests in large caps which are resilient to downtrends Uses Quant style of inves ng that helps in sensing the change in the trend quickly and ensures that the por olio has the poten al to deliver returns higher than the benchmark index. ^The Scheme is an open - ended equity Scheme. Investors in the Scheme are not being offered any guaranteed / assured returns. This product is suitable for investors who are seeking*: To create wealth in the long term Investment predominantly in equity and equity-related securi es including equity deriva ves of the 100 largest companies by market capitaliza on, listed in India High risk (BROWN) Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk 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. 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. TOP TWENTY EQUITY HOLDINGS Name of Instrument Industry % to Net Assets Tata Consultancy Services Limited Software 6.34 Axis Bank Limited Banks 4.47 Housing Development Finance Corporation Limited Finance 4.30 Oil & Natural Gas Corporation Limited Oil 4.29 Sun Pharmaceuticals Industries Limited Pharmaceuticals 3.64 Eicher Motors Limited Auto 2.89 Infosys Limited Software 2.88 Wipro Limited Software 2.85 HDFC Bank Limited Banks 2.37 Bharti Airtel Limited Telecom - Services 2.20 ITC Limited Consumer Non Durables 2.16 Tata Communications Limited Telecom - Services 2.06 Motherson Sumi Systems Limited Auto Ancillaries 1.87 Cadila Healthcare Limited Pharmaceuticals 1.86 Dabur India Limited Consumer Non Durables 1.84 Tech Mahindra Limited Software 1.82 Procter & Gamble Hygiene and Health Care Limited Consumer Non Durables 1.81 Lupin Limited Pharmaceuticals 1.78 Bharat Forge Limited Industrial Products 1.77 Rural Electrification Corporation Limited Finance 1.68 Notes: Fixed Deposit placed under margin : `100 Lakhs. Total Exposure to derivative instruments (excluding reversed positions) as on 31/10/ : ` Lakhs. DIVIDEND HISTORY Record Date Plan/ Option NAV on Record Amount of Name Date (`) Dividend (`) 08/08/ Dividend option per unit 06/12/2013 Dividend option per unit 30/05/2013 Dividend option per unit 29/10/2012 Dividend option per unit FUND PERFORMANCE AS ON SEPTEMBER 30, EDELWEISS DIVERSIFIED GROWTH EQUITY TOP 100 (E.D.G.E TOP 100) FUND E.D.G.E Top 100 (Existing Plan) (INR) E.D.G.E Top 100 (Direct Plan) (INR) E.D.G.E Top 100 Plan B* (INR) Based on standard investment of `10,000 made at the beginning of the relevant period. ^Absolute Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Since Inception returns are calculated on `10/- invested at inception of the Scheme. shown above are for Growth Option only. Performance of the Dividend Option for the investor would be net of the dividend distribution tax, as E.D.G.E Top 100 Plan C* (INR) Scheme Benchmark (CNX Nifty ) (INR) Alternate Benchmark (S&P BSE SENSEX) Risk Measurement - Standard Deviation^^ September 30, September 30, ^ 44.19% 14, % 14, % 14, % 14, % 13, % 13, % 13.44% 13.18% September 28, September 30, 2013^ 4.58% 10,458 NA NA 4.62% 10, % 10, % 10, % 10, % 17.16% 16.58% September 30, September 28, 2012^ 17.69% 11,769 NA NA 17.76% 11, % 11, % 11, % 11, % 18.58% 18.16% Since Inception (CAGR) E.D.G.E Top % 23,070 NA NA 16.96% 23, % 22, % 18, % 18, % 18.28% 17.91% Since Inception (CAGR) E.D.G.E Top Direct Plan INDUSTRY ALLOCATION So ware Banks Pharmaceu cals Finance Consumer Non Durables Telecom - Services Auto Oil Auto Ancillaries Tex le Products Minerals/Mining Industrial Products Petroleum Products Pes cides Industrial Capital Goods Consumer Durables Gas Ferrous Metals Transporta on Construc on Project Power 2.79% 1.91% 1.89% 1.76% 1.62% 1.51% 1.14% 1.11% 1.07% 1.04% 1.02% 1.02% 5.91% 5.68% 4.59% 4.54% 12.43% 11.31% 10.84% 9.74% Dividend is declared on the face value of `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. Date of Allotment: May 20, 2009 Date of Inception (Direct Plan) : January 7, 2013 `1000/- per application & in multiples of `1/- Exit Load If the Units are redeemed / switched out on or before 545 days from the date of allotment 1.00% If the Units are redeemed / switched out on or after 546 days from the date of allotment Nil The entire exit load will be credited to the Scheme net of service tax, if any : Mr. Paul Parampreet Managing the Scheme since: February 04, 2010 Co-: Mr. Ashish Sahay Experience: 4 years Managing the Scheme since: June 23, Ratios as on September 30, Standard deviation 12.59% Sharpe ratio** 2.13 Portfolio beta 0.93 R squared 0.86 Portfolio Turnover Ratio^ 2.50 times ** Risk Free Rate considered for the above = 8.511% p.a. (8.4% 2024 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. Ratio as on 31, Options: Growth, Dividend, Bonus Benchmark: CNX Nifty Total Expense Ratios : Existing Plan: 2.68%, Plan B*: 2.68%, Plan C*: 2.68%, Direct Plan: 2.28% Growth Option Dividend Option Plan B* - Growth Option Plan B* - Dividend Option Plan C* - Growth Option Plan C* - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option E.D.G.E Top 100 NA NA 22.58% 14,219 NA NA NA NA 17.94% 13, % 13,524 NA NA NA 17.10% CNX Nifty S&P BSE SENSEX applicable. Standard Benchmark prescribed by SEBI vide circular dated August 22, In case start /end date of the relevant period is a non-business Day, the NAV of the previous Business Day is considered for computation of return. ^^Standard Deviation for E.D.G.E Top 100 Fund - Existing Plan only Note: For the performance of other Schemes managed by the s, please refer to the relevant scheme. *Kindly refer addendum dated September 29, 2012 for discontinued Plan viz Plan B & Plan C & addendum dated Oct 19, 2012 for standardizing the nomenclature for existing Plan / Options 7

8 THE POWER OF HOLDING HIGH VALUE STOCKS THROUGH YOUR MUTUAL FUND INVESTMENTS The table below shows the number of shares, forming part of the Top 10 Equity Holdings of the portfolio of the Scheme as on 31,, that will be notionally held by an investor who invests an assumed amount of in each Scheme. `10 lakhs Absolute Return Fund (An Open Ended Equity scheme) Top 10 stocks in the Portfolio as on 31, Diversified Growth Equity Top 100 (E.D.G.E. Top 100) Fund (An Open Ended Equity scheme) Top 10 stocks in the Portfolio as on 31, Top 10 Equity Holdings % to Net Assets of the Scheme Shares notionally held by an investor* Top 10 Equity Holdings % to Net Assets of the Scheme Shares notionally held by an investor* Tata Consultancy Services Limited Tata Consultancy Services Limited Axis Bank Limited Axis Bank Limited Housing Development Finance Corporation Limited Housing Development Finance Corporation Limited Oil & Natural Gas Corporation Limited Oil & Natural Gas Corporation Limited Wipro Limited Sun Pharmaceuticals Industries Limited Sun Pharmaceuticals Industries Limited Eicher Motors Limited Tv18 Broadcast Limited Infosys Limited HDFC Bank Limited Wipro Limited Dabur India Limited HDFC Bank Limited Bharti Airtel Limited Bharti Airtel Limited *This hypothetical illustration assumes a sum of `10 Lakhs invested in each Scheme as on 31,. Number of Shares notionally held are calculated based on the percentage of Top 10 Equity Holdings to the net assets of the Schemes as on 31,. Market Price of each share as on 31, is as follows: Axis Bank ` Bharti Airtel ` Dabur India ` Eicher Motors ` HDFC Bank ` Housing Development Finance Corporation ` Infosys ` Oil & Natural Gas Corporation ` Sun Pharmaceuticals Industries ` Tata Consultancy Services ` TV18 Broadcast `29.05 Wipro ` Past performance may or may not be sustained in the market. This is a hypothetical exercise for improving the understanding of the investor on the deployment of his funds in the equity component of the portfolio and should not be construed to be actual holdings accruing to the Unitholder. The stocks referred to in this literature are not an endorsement by the Mutual Fund and AMC of their soundness or a recommendation to buy or sell these stocks. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

9 ELSS Fund (An Open-ended Equity Linked Savings Scheme) FACTSHEET Equity Fund This product is suitable for investors who are seeking*: To create wealth in the long term Investment in equity and equity-related securi es that will be locked-in for the first three years High risk (BROWN) Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk The primary objective of the scheme is to generate long-term capital 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. 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. TOP TWENTY EQUITY HOLDINGS Name of Instrument Industry % to Net Assets Axis Bank Limited Banks 5.59 Tata Consultancy Services Limited Software 4.26 Tata Communications Limited Telecom - Services 3.49 Oil & Natural Gas Corporation Limited Oil 3.48 Sun Pharmaceuticals Industries Limited Pharmaceuticals 3.17 Housing Development Finance Corporation Limited Finance 2.98 UPL Limited Pesticides 2.89 LIC Housing Finance Limited Finance 2.62 Power Finance Corporation Limited Finance 2.52 Arvind Limited Textile Products 2.42 Eicher Motors Limited Auto 2.06 Ajanta Pharma Limited Pharmaceuticals 1.94 Bharat Forge Limited Industrial Products 1.91 Alembic Pharmaceuticals Limited Pharmaceuticals 1.91 Procter & Gamble Hygiene and Health Care Limited Consumer Non Durables 1.89 ICICI Bank Limited Banks 1.85 Lakshmi Machine Works Limited Industrial Capital Goods 1.79 HDFC Bank Limited Banks 1.68 Crompton Greaves Limited Industrial Capital Goods 1.67 Britannia Industries Limited Consumer Non Durables 1.61 DIVIDEND HISTORY Record Date Option Name NAV on Record Date (`) Amount of Dividend (`) 18/02/ Dividend Option per unit 22/02/2013 Direct Plan-Dividend Option per unit 22/02/2013 Dividend Option per unit 24/01/2013 Dividend Option per unit FUND PERFORMANCE AS ON SEPTEMBER 30, ELSS Fund INDUSTRY ALLOCATION Finance So ware Banks Pharmaceu cals Consumer Non Durables Industrial Capital Goods Auto Telecom - Services Tex le Products Industrial Products Pes cides Oil Auto Ancillaries Consumer Durables Transporta on Telecom - Equipment & Accessories Fer lisers Trading Ferrous Metals Minerals/Mining Chemicals EDELWEISS ELSS FUND ELSS Fund (Direct Plan) Dividend is declared on the face value of `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. Scheme Benchmark (CNX 500) Alternate Benchmark (CNX Nifty) Date of Allotment: December 30, 2008 Date of Inception (Direct Plan) : January 21, 2013 `500/- per application & in multiples of `500/- Exit Load: NIL The entire exit load will be credited to the scheme net of service tax, if any : Mr. Paul Parampreet Managing the Scheme since: February 04, 2010 Asst. : Mr. Bhavesh D. Jain Experience: 7 years Managing the Scheme since: August 07, 2013 Ratios as on September 30, Standard deviation 14.25% Sharpe ratio** 1.46 Portfolio beta 1.00 R squared 0.77 Portfolio Turnover Ratio^ 2.55 times ** Risk Free Rate considered for the above = 8.511% p.a. (8.4% 2024 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. Ratio as on 31, Options: Growth, Dividend Benchmark: CNX 500 Total Expense Ratios : Existing Plan: 2.68%, Direct Plan: 2.28% Growth Option Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Risk Measurement -Standard Deviation ELSS Fund September 30, September 30, ^ 46.87% 14, % 14, % 14, % 13, % 13.49% 13.44% September 28, September 30, 2013^ 3.90% 10,390 NA NA -2.49% 9, % 10, % 16.31% 17.16% September 30, September 28, 2012^ 13.18% 11,318 NA NA 13.22% 11, % 11, % 17.63% 18.58% Since Inception (CAGR) ELSS Fund 21.68% 30,930 NA NA 19.48% 27, % 26, % 20.15% 21.16% Since Inception (CAGR) ELSS Fund - Direct Plan NA NA 24.33% 14, % 13, % 13,095 NA NA NA 2.26% 2.25% 1.39% 1.03% 0.84% 0.80% 0.74% 0.72% 5.38% 5.30% 4.29% 3.92% 3.87% 3.74% 3.52% 3.35% 6.68% 11.61% 11.16% 13.75% 13.41% CNX 500 CNX Nifty Based on standard investment of `10,000 made at the beginning of the relevant period. ^Absolute Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Since Inception returns are calculated on `10/- invested at inception of the scheme 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. Standard Benchmark prescribed by SEBI vide circular dated August 22, In case start /end date of the relevant period is a non-business Day, the NAV of the previous Business Day is considered for computation of returns. Note: For the performance of other Schemes managed by the s, please refer to the relevant scheme. 9

10 Meet Master Midcap ** showcasing Select Midcap Fund^ (An Open-ended Equity Scheme) **Master Midcap seeks to personify the a ributes of Select Midcap Fund: to generate long term capital apprecia on from a por olio predominantly comprising of equity and equity related securi es of Mid Cap Companies, selected for their growth poten al from a primary universe of stocks comprising of the top companies in India by market capitaliza on. ^The Scheme is an open - ended equity Scheme. Investors in the Scheme are not being offered any guaranteed / assured returns. FACTSHEET Equity Fund This product is suitable for investors who are seeking*: To create wealth in the long term Investment predominantly in equity and equity related securi es including equity deriva ves of Mid Cap companies High risk (BROWN) Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk The primary investment objective of the Scheme is to generate long term capital appreciation from a portfolio predominantly comprising of equity and equity related securities of MidCap Companies. 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. TOP TWENTY EQUITY HOLDINGS Name of Instrument Industry % to Net Assets Tata Communications Limited Telecom - Services 4.81 UPL Limited Pesticides 4.52 Arvind Limited Textile Products 4.47 Alembic Pharmaceuticals Limited Pharmaceuticals 4.35 TVS Motor Company Limited Auto 3.65 Gujarat Pipavav Port Limited Transportation 3.37 Just Dial Limited Software 2.98 Ajanta Pharma Limited Pharmaceuticals 2.87 Crompton Greaves Limited Industrial Capital Goods 2.73 Britannia Industries Limited Consumer Non Durables 2.45 Gruh Finance Limited Finance 2.44 Page Industries Limited Textile Products 2.36 Balkrishna Industries Limited Auto Ancillaries 2.35 Apollo Tyres Limited Auto Ancillaries 2.29 LIC Housing Finance Limited Finance 2.28 Lakshmi Machine Works Limited Industrial Capital Goods 2.26 Torrent Pharmaceuticals Limited Pharmaceuticals 2.13 Havells India Limited Consumer Durables 1.88 AIA Engineering Limited Industrial Capital Goods 1.83 Persistent Systems Limited Software 1.77 Notes: Fixed Deposit placed under margin : `40 Lakhs. Total Exposure to derivative instruments (excluding reversed positions) as on 31/10/ : `33.81 Lakhs. DIVIDEND HISTORY Record Date Op on Name NAV on Record Amount of Date (`) Dividend (`) 01/08/ Dividend Op on /02/ Dividend Op on FUND PERFORMANCE AS ON SEPTEMBER 30, INDUSTRY ALLOCATION Finance So ware Pharmaceu cals Telecom - Services Industrial Capital Goods Tex le Products Pes cides Consumer Non Durables Transporta on Auto Ancillaries Banks Auto Consumer Durables Industrial Products Chemicals Fer lisers Construc on Project Trading Dividend is declared on the face value of `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. EDELWEISS SELECT MIDCAP FUND Date of Allotment: August 25, 2011 Date of Inception (Direct Plan) : January 1, 2013 `5000/- per application & in multiples of `1/- Exit Load: If the Units are redeemed / switched out on or before 545 days from the date of allotment 1.00% If the Units are redeemed / switched out on or after 546 days from the date of allotment NIL The entire exit load will be credited to the scheme net of service tax, if any : Mr. Paul Parampreet Managing the Scheme since inception Asst. : Mr. Bhavesh D. Jain Experience: 7 years Managing the Scheme since: August 07, 2013 Ratios as on September 30, Standard deviation 16.63% Sharpe ratio** 1.45 Portfolio beta 1.07 R squared 0.65 Portfolio Turnover Ratio^ 2.42 times ** Risk Free Rate considered for the above = 8.511% p.a. (8.4% 2024 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. Ratio as on 31, Options: Growth, Dividend, Bonus Benchmark: CNX Midcap Index (w.e.f June 23, ) Total Expense Ratios : Existing Plan: 2.68%, Direct Plan: 2.28% Growth Option Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Select Select Midcap Scheme Benchmark Alternate Benchmark Risk Measurement Midcap Fund Fund (Direct Plan) (CNX Midcap Index) (CNX Nifty) -Standard Deviation Select CNX Midcap CNX (INR) (INR) (INR) (INR) Midcap Fund Index Nifty September 30, September 30, ^ 60.70% 16, % 16, % 16, % 13, % 17.22% 13.44% September 28, September 30, 2013^ 0.74% 10,074 NA NA % 8, % 10, % 17.23% 17.16% September 30, September 28, 2012^ 10.19% 11,019 NA NA 10.52% 11, % 11, % 18.12% 18.58% Since Inception (CAGR) Select Midcap Fund 19.77% 17,500 NA NA 16.07% 15, % 16, % 17.68% 16.97% Since Inception (CAGR) Select Midcap Fund - Direct Plan NA NA 26.26% 15, % 13, % 13,384 NA NA NA 4.89% 4.86% 4.45% 3.81% 3.25% 2.80% 2.17% 1.20% 1.00% 0.85% 5.89% 7.14% 7.05% 8.37% 8.13% 9.77% 12.42% 11.92% Based on standard investment of `10,000 made at the beginning of the relevant period. ^Absolute Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Since Inception returns are calculated on `10/- invested at inception of the scheme 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. Standard Benchmark prescribed by SEBI vide circular dated August 22, In case start /end date of the relevant period is a non-business Day, the NAV of the previous Business Day is considered for computation of returns. Note: For the performance of other Schemes managed by the s, please refer to the relevant scheme. 10

11 THE POWER OF HOLDING HIGH VALUE STOCKS THROUGH YOUR MUTUAL FUND INVESTMENTS The table below shows the number of shares, forming part of the Top 10 Equity Holdings of the portfolio of the Scheme as on 31,, that will be notionally held by an investor who invests an assumed amount of in each Scheme. `10 lakhs ELSS Fund (An Open-ended Equity Linked Savings Scheme) Top 10 stocks in the Portfolio as on 31, Select Midcap Fund (An Open Ended Equity scheme) Top 10 stocks in the Portfolio as on 31, Top 10 Equity Holdings % to Net Assets of the Scheme Shares notionally held by an investor* Top 10 Equity Holdings % to Net Assets of the Scheme Shares notionally held by an investor* Axis Bank Limited Tata Communications Limited Tata Consultancy Services Limited UPL Limited Tata Communications Limited Arvind Limited Oil & Natural Gas Corporation Limited Alembic Pharmaceuticals Limited Sun Pharmaceuticals Industries Limited TVS Motor Company Limited Housing Development Finance Corporation Limited Gujarat Pipavav Port Limited UPL Limited Just Dial Limited LIC Housing Finance Limited Ajanta Pharma Limited Power Finance Corporation Limited Crompton Greaves Limited Arvind Limited Britannia Industries Limited *This hypothetical illustration assumes a sum of `10 Lakhs invested in each Scheme as on 31,. Number of Shares notionally held are calculated based on the percentage of Top 10 Equity Holdings to the net assets of the Schemes as on 31,. Market Price of each share as on 31, is as follows: Ajanta Pharma ` Alembic Pharmaceuticals ` Arvind ` Axis Bank ` Britannia Industries ` Crompton Greaves ` Gujarat Pipavav Port ` Housing Development Finance Corporation ` Just Dial ` LIC Housing Finance ` Oil & Natural Gas Corporation ` Power Finance Corporation ` Sun Pharmaceuticals Industries ` Tata Communications ` Tata Consultancy Services ` TVS Motor Company ` UPL ` Past performance may or may not be sustained in the market. This is a hypothetical exercise for improving the understanding of the investor on the deployment of his funds in the equity component of the portfolio and should not be construed to be actual holdings accruing to the Unitholder. The stocks referred to in this literature are not an endorsement by the Mutual Fund and AMC of their soundness or a recommendation to buy or sell these stocks. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. 11

12 VALUE OPPORTUNITIES Fund (An Open-ended Equity scheme) Formerly, Equity Enhancer Fund~ FACTSHEET Equity Fund This product is suitable for investors who are seeking*: To create wealth in the long term Investment in equity and equity-related securi es including equity deriva ves High risk (BROWN) Note: Risk may be represented as: (BLUE) investors understand that their principal will be at low risk (YELLOW) investors understand that their principal will be at medium risk (BROWN) investors understand that their principal will be at high risk The objective of the Scheme is to generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of Stocks. Stocks are those stocks, which tend to trade at a lower price relative to their fundamentals (i.e. dividends, earnings, sales, etc.) and thus considered undervalued by investors. They have attractive valuations in relation to earnings or book value or current and/or future dividends. 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. TOP TWENTY EQUITY HOLDINGS Name of Instrument Industry % to Net Assets Axis Bank Limited Banks 7.07 IndusInd Bank Limited Banks 4.20 Tata Consultancy Services Limited Software 3.35 Oil & Natural Gas Corporation Limited Oil 2.89 Tata Communications Limited Telecom - Services 2.67 Aurobindo Pharma Limited Pharmaceuticals 2.64 HDFC Bank Limited Banks 2.62 Britannia Industries Limited Consumer Non Durables 2.53 Sun Pharmaceuticals Industries Limited Pharmaceuticals 2.48 Housing Development Finance Corporation Limited Finance 2.39 Yes Bank Limited Banks 2.33 Page Industries Limited Textile Products 2.10 ICICI Bank Limited Banks 2.02 Bharat Petroleum Corporation Limited Petroleum Products 1.96 UPL Limited Pesticides 1.88 LIC Housing Finance Limited Finance 1.87 Motherson Sumi Systems Limited Auto Ancillaries 1.85 Rural Electrification Corporation Limited Finance 1.78 Bank of Baroda Banks 1.65 Reliance Industries Limited Petroleum Products 1.63 Notes: Total Exposure to derivative instruments (excluding reversed positions) as on 31/10/ : `0.33 Lakhs. INDUSTRY ALLOCATION PERFORMANCE OF EDELWEISS EQUITY ENHANCER FUND (EEF)~ AS ON June 30, Equity Enhancer Fund (Existing Plan) Equity Enhancer Fund (Direct Plan) Based on standard investment of `10,000 made at the beginning of the relevant period. ^Absolute Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Since Inception returns are calculated on `10/- invested at inception of the Scheme. 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. Standard Benchmark prescribed by SEBI vide circular dated August 22, Equity Enhancer Fund - Plan B* Scheme Benchmark (CNX NIFTY )*** `1000/- per application & in multiples of `1/- Exit Load: NIL : Mr. Paul Parampreet Managing the Scheme since: June 29, 2010 Asst. : Mr. Bhavesh D. Jain Experience: 7 years Managing the Scheme since: August 07, 2013 Options: Growth, Dividend, Bonus Benchmark: CNX 200 Index Total Expense Ratio : Existing Plan: 1.00%, Plan B: 1.00%, Direct Plan: 0.60% Growth Option Dividend Option Plan B* - Growth Option Plan B* - Dividend Option Direct Plan - Growth Option Direct Plan - Dividend Option Alternate Benchmark (S&P BSE SENSEX) In case start /end date of the relevant period is a non-business Day, the NAV of the previous Business Day is considered for computation of returns. ^^Standard Deviation for Equity Enhancer - Existing Plan only ***CNX Nifty was the erstwhile benchmark of the Scheme as on the date of performance i.e. September 30, ^^^Revised benchmark w.e.f September 10, Note: For the performance of other Schemes managed by the s, please refer to the relevant scheme. 12 *Kindly refer addendum dated September 29, 2012 for discontinued Plan viz Plan B & addendum dated Oct 19, 2012 for standardizing the nomenclature for existing Plan / Options (INR) Risk Measurement - Standard Deviation^^ Equity June 28, June 30, ^ 34.33% 13, % 13, % 13, % 13, % 13, % 17.26% 16.65% June 29, June 28, 2013^ -1.60% 9,840 NA NA -1.70% 9, % 11, % 11, % 13.63% 13.28% June 30, June 29, 2012^ -3.91% 9,609 NA NA -3.89% 9, % 9, % 9, % 20.60% 20.32% Since Inception (CAGR) Equity Enhancer Fund 10.91% 16,550 NA NA NA NA 11.58% 17, % 16, % 17.64% 17.31% Since Inception - Plan B (CAGR) NA NA NA NA 10.19% 16, % 16, % 16,990 NA NA NA Since Inception (CAGR) Equity Enhancer Fund - Direct Plan NA NA 18.81% 12,898 NA NA 17.63% 12, % 12,906 NA NA NA Inception date: EEF : August 12, 2009, Inception date: EEF (Plan B): June 16, 2009, EEF (Direct Plan) : January 7, 2013 PERFORMANCE OF EDELWEISS VALUE OPPORTUNITIES FUND (VOF)~ AS ON September 30, Opportunities Fund Opportunities Fund (Direct Plan) Banks Pharmaceu cals Finance So ware Consumer Non Durables Oil Auto Ancillaries Petroleum Products Telecom - Services Auto Tex le Products Minerals/Mining Pes cides Consumer Durables Transporta on Telecom - Equipment & Accessories Industrial Capital Goods Construc on Project Ferrous Metals Opportunities Fund - Plan B* Scheme Benchmark (CNX 200 Index)^^^ Inception date EEF : August 12, 2009 EEF (Plan B): June 16, 2009 EEF (Direct Plan) : January 7, 2013 VOF : September 10, Ratios for Opportunities Fund have not be provided as the Scheme has not completed one month since change in Fundamental Attributes. CNX Nifty S&P BSE SENSEX Alternate Benchmark (CNX NIFTY) Since Inception - VOF -1.35% 9,865 NA NA -1.37% 9, % 9, % 9,840 Since Inception - VOF - Direct Plan NA NA -1.34% 9,866 NA NA -1.99% 9, % 9,840 VOF : September 10, ~ Equity Enhancer Fund was launched on August 12, Subsequently, the fundamental attributes of the Scheme (including the Scheme name, the asset allocation and the benchmark index) were changed w.e.f. September 10,. Refer Notice cum Addendum dated August 5, for further details. 4.87% 4.26% 4.03% 3.96% 3.69% 2.36% 2.32% 2.11% 1.62% 1.55% 1.46% 1.45% 1.00% 0.32% 7.69% 11.57% 10.09% 9.87% 25.80%