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Factsheet As on June 30, 2021

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Factsheet As on June 30, 2021 Fund Factsheet - June 2021 OUR PRODUCT SUITE EQUITY HYBRID DEBT PASSIVE OFFSHORE FUNDS FUNDS FUNDS FUNDS FUNDS EDELWEISS EDELWEISS EDELWEISS EDELWEISS ETF - EDELWEISS LARGE CAP FUND ARBITRAGE FUND OVERNIGHT FUND BHARAT BOND ETF APRIL 2023 GREATER CHINA Asset Allocation Duration Range 1 day EQUITY Marketcap Net Equity Debt Arbitrage OFF-SHORE No 0-35% 65-100% FUND Large Mid Small Open Equity EDELWEISS EDELWEISS EDELWEISS EDELWEISS ETF - LARGE & MID CAP FUND EQUITY SAVINGS FUND LIQUID FUND BHARAT BOND ETF EDELWEISS APRIL 2025 US TECHNOLOGY Duration Range 0-3 months Marketcap Asset Allocation EQUITY Net Equity Debt Arbitrage FUND OF FUND Large Mid Small 10-40% 0-35% 25-55% EDELWEISS EDELWEISS EDELWEISS EDELWEISS BALANCED ADVANTAGE EDELWEISS FLEXI-CAP FUND MONEY MARKET FUND EMERGING FUND NIFTY PSU Bond Plus MARKETS Duration Range 0-12 months SDL Index Fund 2026 Marketcap Asset Allocation OPPORTUNITIES Net Equity Debt Arbitrage OFF-SHOREOFF-SORE Large Mid Small 30-100% 0-35% 0-50% FUND EDELWEISS EDELWEISS EDELWEISS EDELWEISS ETF - MIDCAP FUND AGGRESSIVE HYBRID BANKING & PSU DEBT EDELWEISS BHARAT BOND ETF FUND FUND ASEAN EQUITY APRIL 2030 Marketcap Asset Allocation Duration Range 1-10 yrs OFF-SHORE Net Equity Debt FUND Large Mid Small 65-80% 20-35% EDELWEISS EDELWEISS EDELWEISS ETF - EDELWEISS SMALL CAP FUND GOVERNMENT BHARAT BOND ETF EUROPE SECURITIES FUND APRIL 2031 DYNAMIC EQUITY Marketcap Duration Range 1-10 yrs OFF-SHORE FUND Large Mid Small EDELWEISS EDELWEISS RECENTLYFLEXI-CAP LISTED FUND EDELWEISS US VALUE IPO FUND ETF - NIFTY 50 EDELWEISS EQUITY Marketcap ETF - NIFTY 50 OFF-SHORE FUND Large Mid Small EDELWEISS ETF - NIFTY BANK EDELWEISS ETF - NIFTY BANK EDELWEISS EDELWEISSNIFTY 100 QUALITYNIFTY 100 30 QUALITY 30 EDELWEISS MSCI India Domestic & World Healthcare 45 Index Fund Macaulay duration range & credit profile is indicative. AAA refers to sovereign/A1+ & equivalent, AA refers to AA+/AA/AA-, A refers to A+/A/A- Market-cap allocation range is indicative. Asset Allocation range is indicative. Index Index Markets & Beyond Page No. Markets & Beyond Page No. • Penned by CEO 2 • Market Insight 2 • Market Insight 4 Equity Funds Equity Funds • Edelweiss Large Cap Fund 4 • Edelweiss Large Cap Fund 6 • Edelweiss Large & Mid Cap Fund 5 • Edelweiss Large & Mid Cap Fund 7 • Edelweiss Flexi-Cap Fund 6 • Edelweiss Flexi-Cap Fund 8 • Edelweiss Mid Cap Fund 7 • Edelweiss Mid Cap Fund 9 • Edelweiss Small Cap Fund 8 • Edelweiss Small Cap Fund 10 • Edelweiss Recently Listed IPO Fund 9 • Edelweiss Recently Listed IPO Fund 11 • Edelweiss Long Term Equity Fund (Tax Savings) 10 • Edelweiss Long Term Equity Fund (Tax Savings) 12 Hybrid Funds Hybrid Funds • Edelweiss Arbitrage Fund 11 • Edelweiss Arbitrage Fund 13 • Edelweiss Equity Savings Fund 12 • Edelweiss Equity Savings Fund 14 • Edelweiss Aggressive Hybrid Fund 13 • Edelweiss Aggressive Hybrid Fund 15 • Edelweiss Balanced Advantage Fund 14 • Edelweiss Balanced Advantage Fund 16 Debt Funds Debt Funds • Edelweiss Overnight Fund 15 • Edelweiss Overnight Fund 17 • Edelweiss Liquid Fund 16 • Edelweiss Liquid Fund 18 • Edelweiss Money Market Fund 17 • Edelweiss Money Market Fund 19 • Edelweiss Banking & PSU Debt Fund 18 • Edelweiss Banking & PSU Debt Fund 20 • Edelweiss Government Securities Fund 19 • Edelweiss Government Securities Fund 21 Passive Funds Passive Funds • Bharat Bond ETF APRIL 2023 20 • Bharat Bond ETF APRIL 2023 22 • Bharat Bond ETF APRIL 2025 21 • Bharat Bond ETF APRIL 2025 23 • Edelweiss Nifty PSU Bond Plus SDL Index Fund 2026 22 • Edelweiss Nifty PSU Bond Plus SDL Index Fund 2026 24 • Bharat Bond ETF APRIL 2030 23 • Bharat Bond ETF APRIL 2030 25 • Bharat Bond ETF APRIL 2031 24 • Bharat Bond ETF APRIL 2031 26 • Edelweiss ETF - Nifty 50 25 • Edelweiss ETF - Nifty 50 27 • Edelweiss ETF - Nifty Bank 26 • Edelweiss ETF - Nifty Bank 28 • Edelweiss ETF - Nifty 100 Quality 30 27 • Edelweiss ETF - Nifty 100 Quality 30 29 • Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund 28 • Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund 30 Fund of Funds Fund of Funds • Bharat Bond FOF APRIL 2023 29 • Bharat Bond FOF APRIL 2023 31 • Bharat Bond FOF APRIL 2025 30 • Bharat Bond FOF APRIL 2025 32 • Bharat Bond FOF APRIL 2030 31 • Bharat Bond FOF APRIL 2030 33 • Bharat Bond FOF APRIL 2031 32 • Bharat Bond FOF APRIL 2031 34 Overseas Fund of Funds Overseas Fund of Funds • Edelweiss Greater China Equity Off-Shore Fund 33 • Edelweiss Greater China Equity Off-Shore Fund 35 • Edelweiss US Technology Fund 34 • Edelweiss US Technology Fund 36 • Edelweiss Emerging Markets Opportunities Equity Offshore Fund 35 • Edelweiss Emerging Markets Opportunities Equity Offshore Fund 37 • Edelweiss Asean Equity Off-Shore Fund 36 • Edelweiss Asean Equity Off-Shore Fund 38 • Edelweiss Europe Dynamic Equity Off-Shore Fund 37 • Edelweiss Europe Dynamic Equity Off-Shore Fund 39 • Edelweiss US Value Equity Off-Shore Fund 38 • Edelweiss US Value Equity Off-Shore Fund 40 Schedule Schedule • SIP Performance 39 • SIP Performance 41 • Fund Performance - Direct Plan 40 • Fund Performance - Direct Plan 42 • IDCW History 43 • IDCW History 45 • Schemes managed by Fund Manager 45 • Schemes managed by Fund Manager 47 • Investing made Simple 46 • Investing made Simple 48 • How to Read Factsheet 47 • How to Read Factsheet 49 Why We Own What We Own The purpose of this product is to offer a brief & simplified rationale behind our investments in certain businesses/themes in our long only portfolios. This is not meant to be an elaborate research report or a recommendation. In this note we explain why we are positive on India's Bioeconomy theme. Forging India's Bioeconomy Commercial viability: We see India paving its way as an “Ethanol Economy” A series of measures have been taken to make ethanol owing to rising energy demand .Today, India imports production more remunerative. As a result, more than 85% of its oil requirement at a net cost of US $ 55 Bn 500 million litres of distillery capacities have been set (2020-21) majorly used in transportation, hence a up. Furthermore, encouraging signs of additional successful Ethanol blending program (20%) can save capacities would be prevalent as we divert from B-Heavy the country US $4 billion per annum. molasses to Cane juice. The Indian government's commitment towards biofuels with a long-term All the interests are finally aligned: direction is positive, as it will give confidence for capex Sugar is a sector of significant importance to the in ethanol projects in the country benefitting Praj national economy. India has now become the world's Industries (~60% market share). largest sugar producer and this has resulted into surplus sugar inventories. However, the Indian sugar industry Chart1: Ethanol price is attractive to producers and not has witnessed some stabilisation in the last two years impacted by crude volatility due to increased Government regulation and initiatives There is now a common interest which lies between the government, the industry and the farmers in keeping adequate profitability so farmers can be paid on time and cane arrears do not mount. Through successful ethanol blending program, Government can achieve/promote: v Make in India v Swachh Bharat v Doubling of farmers income v Promote waste to health generation v FX Savings to the exchequer Source: Phillip Capital India Research, Industry. Biofuel policy – a game changer Table1: Ethanol capacity augmentation (20% blending Currently, petrol with 10% ethanol blend (E10) is being by 2025-26) retailed by various Oil Marketing Companies in India. The current level of average ethanol blending in the country is 5% (Ethanol Supply Year 2019-20). The present Government seems to be very serious in achieving the Ethanol blending target of 20% and has preponed to achieve this by year 2025 from earlier 2030. The blending target is achievable in the new construct owing to changes in “National Bio-fuels Policy 2018” thereby including wider range of feedstock for ethanol production. Source: Phillip Capital India Research, Industry. 2 Why We Own What We Own Table 2: Ethanol Required (20% blending by 2025-26) sugar cane. In terms of blending, both the countries sugar cane. In terms of blending, both the countries have surpassed 25% where India can also look forward have surpassed 25% where India can also look forward to. to. Structural Story Structural Story With the current retail price of petrol being close to INR With the current retail price of petrol being close to INR 100 per litre, the process of new flexi-vehicles will speed 100 per litre, the process of new flexi-vehicles will speed up, as ethanol is under GST (5% rate) and retail prices up, as ethanol is under GST (5% rate) and retail prices could be below INR 70 per litres. There are various ways could be below INR 70 per litres. There are various ways to invest in this theme, but at present we are investing to invest in this theme, but at present we are investing through Praj Industries and not sugar distillery through Praj Industries and not sugar distillery companies as its marred by political interference and companies as its marred by political interference and volatile financials. Over the last several years, Praj has volatile financials. Over the last several years, Praj has developed sustainable de-carbonisation solutions with developed sustainable de-carbonisation solutions with a unique position in ethanol technology. a unique position in ethanol technology. Source: Phillip Capital India Research, Industry. Key Risks: Key Risks: Bio-mobility: On the way to USA, Brazil model USA is the largest producer of ethanol followed by Brazil v Availability of sufficient feedstock on a v Availability of sufficient feedstock on a and both put together contributing 80% of global sustainable basis sustainable basis production. Brazil is the world's first "sustainable" v v biofuels economy and is a model for other countries.
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