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3 Content Market Commentary - Equity Market Commentary Debt Equity Funds Edelweiss Absolute Return Fund Edelweiss Arbitrage Fund Edelweiss Economic Resurgence Fund Edelweiss ELSS Fund Edelweiss Equity Opportunities Fund Edelweiss Equity Savings Advantage Fund Edelweiss Mid and Small Cap Fund Edelweiss Prudent Advantage Fund Edelweiss Tax Advantage Fund Edelweiss Top 100 Fund Edelweiss Balanced Advantage Fund Fixed Income Funds Edelweiss Banking & PSU Debt Fund Edelweiss Bond Fund Edelweiss Corporate Debt Opportunities Fund Edelweiss Government Securities Fund Edelweiss Liquid Fund Edelweiss Short Term Income Fund Edelweiss Treasury Fund Exchange Traded Funds Edelweiss ETF - Nifty Bank Edelweiss ETF - Nifty 50 Edelweiss ETF - Nifty Quality 30 Overseas Fund of Funds Edelweiss Asean Equity Offshore Fund Edelweiss Emerging Markets Opportunities Equity Offshore Fund Edelweiss Europe Dynamic Equity Offshore Fund Edelweiss Greater China Equity Offshore Fund Edelweiss US Value Equity Offshore Fund Scheme Performance (Other than Direct Plan) Scheme Performance (Direct) SIP Performance Schemes managed by Fund Manager How to Read Factsheet

4 Market Commentary - Equity Indian equities delivered a strong performance in the month of February led by strong foreign inflows and better than expected 3QFY17 earnings season despite demonetisation. The Union Budget presented during the month stressed on rural & social sector spending apart from adhering to the fiscal consolidation path. On the macro front, CPI reached record low from drop in food inflation while core remained sticky. RBI maintained status quo on the policy rates in line with expectations. However the surprise was the shift in policy stance from accommodative to neutral signalling the end of the two year easing cycle. FIIs were notable net buyers in during the month while DIIs were marginal buyers as Insurance continued to be net sellers during the month. In state elections, Punjab, Goa and Uttarakhand completed polling while UP has concluded phase 5 recently. Come March, watch out for remainder of the Budget session and results of the State Elections. On the macro front, December IIP declined 0.4% vs. 5.7% growth in November, partly led by contraction in manufacturing and demonetisation hitting consumption demand. Manufacturing contracted by 2% with Capital goods down 3%. In addition, consumer durables also posted a decline of 10.3%. January CPI fell to a 5-year low of 3.2% vs. 3.4% in December while the divergence in headline & core CPI persisted. The drop in veggie prices was seasonal while pulses were down due to anticipation of strong Rabi output. The core inflation was flattish at 5.1%. In contrast, the WPI moved up to 5.25% vs 3.39% in December led by spike in fuel & power inflation (18.14%) while the food inflation remained subdued (-0.56%). January trade deficit came in at 4 month low of $9.8bn vs. $10.4bn in December, led by positive exports growth (4.3% y-o-y). Engineering goods continued its strong show (+12%) but pharma, gems & jewellery dragged down the overall export growth. Import growth remained elevated at 10.7% led by higher oil prices but the 7% growth in cap goods imports was encouraging. Government presented the FY18 Union Budget during the month with focus on rural and social sector spending. Centre also stuck to the fiscal consolidation path with FY18 fiscal deficit target at 3.2% of GDP vs. 3.5% in FY17. Revenue growth of 7% was balanced with expenditure growth of 7%. In addition, the Govt also announced personal income tax cuts in the Rs 2.5 lacs to Rs 5.0 lacs annual income category. On the policy front, the RBI left the policy rates unchanged in the February policy meet. The surprise however was the shift in policy stance from accommodative to neutral post 2 years of easing cycle dampening hopes of near term reduction in policy rates. FIIs turned notable net buyers during the month with $1.56bn of net inflows led by buying of HDFC Bank post opening of FII limit. Domestic Investors were marginal net buyers with net inflows of $138mn. Among DIIs, Mutual Funds were net buyers in the month with $278mn of net inflows while Insurance companies were net sellers to the tune of $140mn. Year to date, FIIs and DIIs have bought $1.56bn and $884mn of equities. Amongst DIIs, Mutual Funds have been net buyers to the extent of $1.04bn while insurance companies have sold $208mn of equities. On the political front, voting concluded in states of Punjab, Uttarakhand & Goa with 70%, 61% and 83% voter turnout respectively. In Uttar Pradesh (UP), the fifth phase of polling was completed with voter turnout of 57% while the first four phases of UP polls saw voter turnout above 61%. The results of these elections are due on 11th March. Market will watch out for the election results and the second phase of Budget session that begins on 9th March. Market activity and Valuation Top Performers Bottom Performers Performance of Size Indices: Nifty 50 Nifty Next 50 Nifty Free Float Mid Cap 100 Rs. (Cr.) Performance of Nifty 50 Sectors: Flows: 25,000 20,000 15,000 10,000 5, ,000-10,000-15,000-20,000-25,000 Feb-16 Mar-16 Apr-16 FYTD Feb 2017 Industrial Manufacturing (42.7%) Media (31.7%) IT (-8.6%) Pharmaceuticals (-6.6%) May-16 Jun % 30.2% 29.2% Sources: Edelweiss AMC Research; Citigroup Research; Bloomberg Industrial Manufacturing (18.5%) IT (8.8%) Auto (-2.1%) Construction (1.6%) FYTD Feb 2017 FII Flows Jul-16 Aug-16 Sep-16 Oct-16 Nov % 4.9% 6.9% Dec-16 Jan-17 Feb-17 3

5 Market Commentary - Debt What we said earlier: We expected bond yields to trend higher in February after the RBI s status quo on rates We expected the benchmark 10Y yield to trade in a range of % We expected the government and the RBI to announce some measures to improve sentiment of bond market participants What Happened? The RBI s decision to maintain a status quo on rates resulted in weakening of sentiment in the bond market as market participants rushed to reduce their positions amid reduced expectations of a rate cut in the near-term and hawkish messages from the global central banks. Outlook for March: We expect government bond yields to remain range-bound in March. The recent hardening of the benchmark 10Y yield has pushed market participants to review their outlook on the bond market in Based on a technical chart, we believe that the benchmark 10Y yield could trend towards % in the medium-term. Although a smart rally cannot be ruled out in between, we believe that higher US bond yields, demand-supply dynamic in the new financial year along with gradual upward inflationary pressures may keep bond yields to trend higher. We advise caution at the moment. As a result, the benchmark yield curves experienced an upward shift across the curve. The table below summarizes the movement in the bond market in February and YTD basis as on Feb 28, Yields as on Feb 28, 2017 Change in yields in February (in basis points) Change in yields on YTD basis (in basis points) 3M Treasury Bills 1Y Treasury Bill 5Y Government Bond 10Y Government Bond 3Y AAA PSU Bond 5Y AAA PSU Bond 10Y AAA PSU Bond Source: Bloomberg LP 6.10% 6.21% 6.80% 6.87% 7.05% 7.36% 7.66% The above table clearly indicates that yields of government bonds hardened more as compared to AAA PSU bonds on both in February as well as since the beginning of the year. This perhaps may be due to unwinding of bullish positions built after the Union Budget in anticipation of a dovish credit policy. It has been observed that Mutual Funds, as a segment of the market, sold government bonds totaling Rs. 11,155 crore in February according to CCIL data. At the same time, Primary Dealers sold government bonds worth Rs. 9,594 crore in the same time. On the other hand, Public Sector Banks, Private Sector Banks and Insurance Companies were net buyers of government bonds according to CCIL data. It is also worth noting that FPIs bought government bonds worth Rs. 4,900 crore and corporate bonds worth Rs. 4,500 crore in February according to NSDL data. Taken together with strong purchase in the equity segment, the FPI inflow in Indian capital market totaled Rs. 20,164 crore in February This was the first month of positive FPI flow in government bonds since September Bond market participants received more upbeat news from the global economic landscape during the month. The US economy added more jobs in February. The widely followed ISM PMI was at 57.7 in February 2017, up from 56 in January The current level is the highest since August Both US headline CPI and core CPI for January surprised on the higher side. The positivity was noted across the Atlantic with British, German and French economies showing broad-based improvements in their respective economies. Market participants have also observed the same kind of upbeat economic assessment in Japan & China since the beginning of Where do we go from here? We believe that central banks are likely to remain on the hawkish side going forward with the US Federal Reserve taking the lead. The recent strong show by the US economy has suddenly increased odds of a rate hike on March 15 FOMC review to around 90% according to Bloomberg. This, along with hawkish commentary from the Fed may keep the US bond yields on the higher side and may keep US dollar on a strong bias. It may be noted that the EM currencies have done well against the USD on year-to-date basis against the USD with Korean Won leading with gains of 6.8% against the dollar and INR appreciating by around 1.8% on YTD basis. 4

6 Edelweiss Absolute Return Fund (The Scheme is an equity - oriented Scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.) Equity Holdings AUTO Mahindra & Mahindra Ltd. Tata Motors Ltd. Eicher Motors Ltd. Maruti Suzuki India Ltd. AUTO ANCILLARIES Tube Investments Of India Ltd. Balkrishna Industries Ltd. Igarashi Motors India Ltd. BANKS IndusInd Bank Ltd. Yes Bank Ltd. ICICI Bank Ltd. City Union Bank Ltd. State Bank of India CEMENT Grasim Industries Ltd. CHEMICALS Gujarat Alkalies and Chemicals Ltd. CONSTRUCTION Cera Sanitaryware Ltd. CONSTRUCTION PROJECT Larsen & Toubro Ltd. CONSUMER DURABLES Symphony Ltd. Whirlpool of India Ltd. CONSUMER NON DURABLES ITC Ltd. Britannia Industries Ltd. Hindustan Unilever Ltd. Berger Paints (I) Ltd. Kansai Nerolac Paints Ltd. CCL PRODUCTS INDIA LTD. Emami Ltd. FINCE Housing Development Finance ICICI Prudential Life Insurance Co Ltd. Rural Electrification Gruh Finance Ltd. LIC Housing Finance Ltd. Cholamandalam Investment & Finance Company Ltd. CRISIL Ltd. Credit Analysis And Research Ltd. Capital First Ltd. Repco Home Finance Ltd. GAS Petronet LNG Ltd. HEALTHCARE SERVICES Dr. Lal Path Labs Ltd. INDUSTRIAL PRODUCTS Sintex Industries Ltd. MEDIA & ENTERTAINMENT Navneet Education Ltd. PAPER Tamil Nadu Newsprint & Papers Ltd. PESTICIDES UPL Ltd. P I INDUSTRIES LIMITED PETROLEUM PRODUCTS Reliance Industries Ltd. Bharat Petroleum Holdings as on 28 February 2017 (in %) 4.56% 1.29% 1.26% 1.21% 0.80% 2.01% 1.22% 0.71% 0.08% 8.66% 4.03% 1.64% 1.59% 1.21% 0.19% 1.57% 1.57% 0.24% 0.24% 0.24% 0.24% 1.27% 1.27% 0.66% 0.34% 0.32% 5.69% 1.78% 1.76% 1.38% 0.34% 0.22% 0.12% 0.09% 13.33% 4.79% 1.71% 1.64% 1.22% 1.20% 0.81% 0.80% 0.39% 0.39% 0.38% 1.73% 1.73% 0.39% 0.39% 0.66% 0.66% 0.39% 0.39% 0.39% 0.39% 1.82% 1.64% 0.18% 4.57% 3.61% 0.96% PHARMACEUTICALS Sun Pharmaceuticals Ind Ltd. Aurobindo Pharma Ltd. Piramal Enterprises Ltd. Lupin Ltd. Ajanta Pharma Ltd. Biocon Ltd. Natco Pharma Ltd. Caplin Point Laboratories Ltd. POWER Power Grid Corporation of India Ltd. SOFTWARE Tata Consultancy Services Ltd. Geometric Ltd. Oracle Financial Services Software Ltd. Persistent Systems Ltd. Cyient Ltd. TELECOM - EQUIPMENT & ACCESSORIES Bharti Infratel Ltd. TELECOM - SERVICES Bharti Airtel Ltd. TEXTILES - PRODUCTS Page Industries Ltd. TEXTILES - COTTON Vardhman Textiles Ltd. Equity Holdings Total Long Futures State Bank of India HDFC Bank Ltd. Infosys Ltd. Yes Bank Ltd. Long Futures Total Margin Deposit HDFC Bank Ltd. UNRATED RBL Bank Ltd. UNRATED Margin Deposit Total Debt Holdings NON-CONVERTIBLE DEBENTURES Reliance Home Finance Ltd. NON-CONVERTIBLE DEBENTURES Total Debt Holdings Total Investment in Mutual Fund Reliance Mutual Fund Edelweiss Mutual Fund Investment in Mutual Fund in Mutual Fund Total Option Holding Idea Cellular Ltd. TIOL STOCK EXCHANGE OF INDIA LIMITED Option Holding Total Cash & Other Receivables Net Receivables/(Payables) Cash & Other Receivables Total Grand Total CARE AA+ 9.47% 2.51% 1.76% 1.59% 1.02% 0.81% 0.80% 0.79% 0.19% 1.00% 1.00% 5.74% 2.61% 1.28% 1.21% 0.39% 0.25% 0.79% 0.79% 1.41% 1.41% 0.97% 0.97% 0.29% 0.29% 67.85% 0.00% (0.03%) 0.02% 0.01% 0.00% 3.15% 3.15% 6.30% 1.97% 1.97% 1.97% 1.98% 0.07% 2.05% 0.03% 0.11% 0.14% 15.80% 5.89% 21.69% 100.0% Name of the scheme Edelweiss Absolute Return Fund Allotment date Existing Plan Direct Plan Scheme Type An open-ended equity scheme Investment objective 20-Aug Jan-13 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. Fund Manager: Mr. Kartik Soral Assistant Fund Manager: Mr. Bhavesh Jain Total experience (years) Mr. Kartik Soral 10 Mr. Bhavesh Jain 8 Experience managing the scheme (since) Mr. Kartik Soral 1-Apr-15 Mr. Bhavesh Jain 7-Aug-13 For all Plans Minimum investment amount Rs. 1000/- per application & in multiples of Re. 1/- thereafter Additional investment amount Rs. 1000/- per application & in multiples of Re. 1/- thereafter Entry load Not Applicable 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 Benchmark 60% Nity 50 Index + 40% CRISIL Composite Bond Fund Index V (as at 28 February 2017, in Rs.) Direct Plan Dividend Option Direct Plan Growth Option Dividend Option Growth Option AUM as on 28 February 2017 Rs Crore Average AUM as on February 2017 Rs Crore 5

7 Edelweiss Absolute Return Fund (Cont.) Active positive bets Total stocks in portfolio Top 15 stocks Total portfolio Portfolio analysis: Market cap-wise % 43.4% Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark CRISIL MIP Blended Index. Source: BSE, Bloomberg. 36% 13% >US$15bn US$1 - US$3bn 5% 45% US$3 - US$15bn <US$1bn Quantitative indicators as on December 30, 2016 Standard Deviation Beta Sharpe Ratio Portfolio Turnover Ratio 1 Risk free rate of return (FIMMDA MIBOR) Portfolio analysis: Sector-wise Construction Chemicals Textiles - Cotton Healthcare Services Paper Media & Entertainment Consumer Durables Industrial Products Telecom - Equipment & Textile Products Power Construction Project Telecom - Services Cement Gas Pesticides Auto Ancillaries Auto Petroleum Products Consumer Non Durables Software Banks Pharmaceuticals Finance 0.24% 0.24% 0.29% 0.39% 0.39% 0.39% 0.66% 0.66% 0.79% 0.97% 1.00% 1.27% 1.41% 1.57% 1.73% 1.82% 2.01% 4.56% 4.57% 5.69% 5.74% 8.66% 9.47% 13.33% 9.10% % 0.00% 5.00% 10.00% 15.00% 20.00% Total expense ratio (month-to-date ratio to average AUM) Existing Plan % Direct Plan % Dividend history Record date Rate (Re/unit) Regular Plan Dividend Option 18-Jan Oct Jul Apr Jan Record date dividend V After payment of dividend, the V will fall to theextent of dividend payout and statutory levy (ifapplicable). Past performance may or may notbe sustained in future. Dividend is declared onthe face value of Rs. 10/- per unit 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 securities including through arbitrage opportunities with balance exposure to debt and money market securities *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Riskometer Investors understand that their principal will be at Moderately High Risk 1 Calculated for last 12 months as on February 28, 2017; 2 Does not include Service Tax on Investment Management fees. 6

8 Edelweiss Arbitrage Fund Equity Holdings Hedge Positions AUTO Maruti Suzuki India Ltd. Maruti Suzuki India Ltd.- FUTURES Tata Motors Ltd. Tata Motors Ltd.- FUTURES Mahindra & Mahindra Ltd. Mahindra & Mahindra Ltd.- FUTURES Ashok Leyland Ltd. Ashok Leyland Ltd.- FUTURES Eicher Motors Ltd. Eicher Motors Ltd.- FUTURES AUTO ANCILLARIES Exide Industries Ltd. Exide Industries Ltd.- FUTURES MRF Ltd. MRF Ltd.- FUTURES Apollo Tyres Ltd. Apollo Tyres Ltd.- FUTURES BANKS ICICI Bank Ltd. ICICI Bank Ltd.- FUTURES The Federal Bank Ltd. The Federal Bank Ltd.- FUTURES IDFC Bank Ltd. IDFC Bank Ltd.- FUTURES The South Indian Bank Ltd. The South Indian Bank Ltd.- FUTURES Axis Bank Ltd. Axis Bank Ltd.- FUTURES IndusInd Bank Ltd. IndusInd Bank Ltd.- FUTURES Yes Bank Ltd. Yes Bank Ltd.- FUTURES CEMENT Century Textiles & Industries Ltd. Century Textiles & Industries Ltd.- FUTURES The India Cements Ltd. The India Cements Ltd.- FUTURES CHEMICALS Tata Chemicals Ltd. Tata Chemicals Ltd.- FUTURES CONSTRUCTION Indiabulls Real Estate Ltd. Indiabulls Real Estate Ltd. - FUTURES Housing Development & Infra. Ltd. Housing Development & Infra. Ltd.- FUTURES DLF Ltd. DLF Ltd.- FUTURES CONSTRUCTION PROJECT NCC Ltd. NCC Ltd. - FUTURES Larsen & Toubro Ltd. Larsen & Toubro Ltd.- FUTURES Engineers India Ltd. Engineers India Ltd.- FUTURES CONSUMER NON DURABLES ITC Ltd. ITC Ltd.- FUTURES Tata Global Beverages Ltd. Tata Global Beverages Ltd.- FUTURES United Spirits Ltd. United Spirits Ltd.- FUTURES Holdings as on 28 February 2017 (in %) % to % to V Nav Derivatives Equity Holdings 4.85% 3.02% 1.26% 0.46% 0.08% 0.04% 1.61% 1.09% 0.30% 0.23% 3.99% 1.48% 1.37% 0.69% 0.21% 0.18% 0.04% 0.02% 2.61% 2.16% 0.45% 0.06% 0.06% 2.00% 0.90% 0.63% 0.48% 2.51% 1.18% 1.01% 0.32% 6.09% 3.93% 0.98% 0.98% (4.88%) (3.04%) (1.26%) (0.46%) (0.08%) (0.04%) (1.62%) (1.09%) (0.30%) (0.23%) (4.02%) (1.49%) (1.38%) (0.69%) (0.21%) (0.18%) (0.04%) (0.02%) (2.63%) (2.18%) (0.45%) (0.06%) (0.06%) (2.02%) (0.90%) (0.63%) (0.48%) (2.52%) (1.19%) (1.01%) (0.32%) (6.12%) (3.94%) (0.99%) (0.98%) Britannia Industries Ltd. Britannia Industries Ltd.- FUTURES Asian Paints Ltd. Asian Paints Ltd.- FUTURES FERROUS METALS JSW Steel Ltd. JSW Steel Ltd.- FUTURES Tata Steel Ltd. Tata Steel Ltd.- FUTURES FINCE Housing Development Finance Housing Development Finance - FUTURES Indiabulls Housing Finance Ltd. Indiabulls Housing Finance Ltd.- FUTURES Bharat Financial Inclusion Ltd. Bharat Financial Inclusion Ltd.- FUTURES Power Finance Power Finance Corporation Ltd.- FUTURES Reliance Capital Ltd. Reliance Capital Ltd.- FUTURES Dewan Housing Finance Dewan Housing Finance - FUTURES L&T Finance Holdings Ltd. L&T Finance Holdings Ltd. - FUTURES IDFC Ltd. IDFC Ltd.- FUTURES LIC Housing Finance Ltd. LIC Housing Finance Ltd.- FUTURES IFCI Ltd. IFCI Ltd.- FUTURES Rural Electrification Rural Electrification - FUTURES INDUSTRIAL CAPITAL GOODS Bharat Electronics Ltd. Bharat Electronics Ltd.- FUTURES INDUSTRIAL PRODUCTS Jain Irrigation Systems Ltd. Jain Irrigation Systems Ltd. - FUTURES Sintex Industries Ltd. Sintex Industries Ltd.- FUTURES MEDIA & ENTERTAINMENT TV18 Broadcast Ltd. TV18 Broadcast Ltd.- FUTURES Zee Entertainment Enterprises Ltd. Zee Entertainment Enterprises Ltd.- FUTURES Dish TV India Ltd. Dish TV India Ltd.- FUTURES Sun TV Network Ltd. Sun TV Network Ltd.- FUTURES MINERALS/MINING NMDC Ltd. NMDC Ltd.- FUTURES Coal India Ltd. Coal India Ltd.- FUTURES % to % to V Nav Derivatives 0.14% (0.14%) 0.06% 2.71% 2.34% 0.37% 12.59% 2.95% 2.76% 1.29% 1.14% 1.03% 0.98% 0.94% 0.76% 0.51% 0.17% 0.06% 0.18% 0.18% 1.41% 0.77% 0.64% 1.29% 0.57% 0.28% 0.27% 0.17% 0.67% 0.43% 0.24% (0.06%) (2.72%) (2.35%) (0.37%) (12.63%) (2.96%) (2.77%) (1.30%) (1.14%) (1.04%) (0.98%) (0.95%) (0.76%) (0.51%) (0.17%) (0.06%) (0.18%) (0.18%) (1.42%) (0.77%) (0.65%) (1.29%) (0.57%) (0.28%) (0.27%) (0.17%) (0.66%) (0.42%) (0.23%) Name of the scheme Edelweiss Arbitrage Fund Allotment date Regular Plan Direct Plan Scheme type An open-ended equity scheme Investment objective 27-Jun Jun-14 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. Fund managers: Equity Portion: Fund Manager: Mr. Bhavesh Jain Co-Fund Manager: Mr. Kartik Soral Debt Portion: Fund Manager: Mr. Dhawal Dalal Total experience (years) Mr. Bhavesh Jain 8 Mr. Kartik Soral 10 Mr. Dhawal Dalal 17 Experience managing the scheme (since) Mr. Bhavesh Jain 27-Jun-14 Mr. Kartik Soral 1-Apr-15 Mr. Dhawal Dalal 22-Dec-16 For all Plans Minimum investment amount Rs. 5000/- per application & in multiples of Re. 1/- thereafter Additional investment amount Rs. 1000/- per application & in multiples of Re. 1/- thereafter Entry load Not Applicable Exit load If the Units are redeemed / switched out on or before 30 days from the date of allotment 0.25% If the Units are redeemed / switched out after 30 days from the date of allotment Nil Benchmark Crisil Liquid Fund Index V (as at 28 February 2017, in Rs.) Direct Plan Dividend Option Direct Plan Growth Option *Regular Plan Bonus Option Regular Plan Dividend Option Regular Plan Growth Option *Closed for subscription AUM as on 28 February 2017 Rs Crore Average AUM as on 28 February 2017 Rs Crore

9 Edelweiss Arbitrage Fund (Cont.) Equity Holdings NON - FERROUS METALS Hindalco Industries Ltd. Hindalco Industries Ltd.- FUTURES OIL Cairn India Ltd. Cairn India Ltd.- FUTURES Oil & Natural Gas Oil & Natural Gas Corporation Ltd.- FUTURES PETROLEUM PRODUCTS Reliance Industries Ltd. Reliance Industries Ltd.- FUTURES Castrol India Ltd. Castrol India Ltd.- FUTURES PHARMACEUTICALS Sun Pharmaceuticals Ind Ltd. Sun Pharmaceuticals Ind Ltd. - FUTURES Aurobindo Pharma Ltd. Aurobindo Pharma Ltd.- FUTURES Cadila Healthcare Ltd. Cadila Healthcare Ltd.- FUTURES Wockhardt Ltd. Wockhardt Ltd.- FUTURES Biocon Ltd. Biocon Ltd.- FUTURES Granules India Ltd. Granules India Ltd.- FUTURES Dr. Reddy's Laboratories Ltd. Dr. Reddy's Laboratories Ltd. - FUTURES POWER Reliance Infrastructure Ltd. Reliance Infrastructure Ltd. - FUTURES Adani Power Ltd. Adani Power Ltd.- FUTURES Reliance Power Ltd. Reliance Power Ltd.- FUTURES Power Grid Corporation of India Ltd. Power Grid Corporation of India Ltd.- FUTURES PTC India Ltd. PTC India Ltd.- FUTURES JSW Energy Ltd. JSW Energy Ltd.- FUTURES NTPC Ltd. NTPC Ltd.- FUTURES Tata Power Company Ltd. Tata Power Company Ltd.- FUTURES NHPC Ltd. NHPC Ltd.- FUTURES Torrent Power Ltd. Torrent Power Ltd.- FUTURES SERVICES Aditya Birla Nuvo Ltd. Aditya Birla Nuvo Ltd.- FUTURES SOFTWARE Hexaware Technologies Ltd. Hexaware Technologies Ltd.- FUTURES Holdings as on 28 February 2017 (in %) % to % to V Nav Derivatives Equity Holdings 0.23% (0.23%) 0.23% 1.28% 0.74% 0.54% 6.13% 4.98% 1.16% 3.12% 1.40% 1.11% 0.21% 0.20% 0.09% 0.09% 0.02% 6.31% 1.51% 1.02% 0.83% 0.81% 0.65% 0.60% 0.49% 0.25% 0.13% 0.02% 0.41% 0.41% 0.61% 0.57% (0.23%) (1.29%) (0.74%) (0.55%) (6.15%) (4.99%) (1.16%) (3.13%) (1.40%) (1.11%) (0.21%) (0.20%) (0.10%) (0.10%) (0.02%) (6.35%) (1.52%) (1.03%) (0.84%) (0.81%) (0.66%) (0.60%) (0.50%) (0.25%) (0.13%) (0.02%) (0.41%) (0.41%) (0.61%) (0.57%) Infosys Ltd. Infosys Ltd.- FUTURES TELECOM - SERVICES Tata Communications Ltd. Tata Communications Ltd.- FUTURES Idea Cellular Ltd. Idea Cellular Ltd.- FUTURES Reliance Communications Ltd. Reliance Communications Ltd. - FUTURES TEXTILE PRODUCTS Arvind Ltd. Arvind Ltd.- FUTURES Hedge Positions Total Equity Holdings Total Margin Deposit HDFC Bank Ltd. RBL Bank Ltd. Yes Bank Ltd. Margin Deposit Total Debt Holdings NON-CONVERTIBLE DEBENTURES Indiabulls Housing Finance Ltd. Power Finance Dewan Housing Finance Power Grid Corporation of India Ltd. Edelweiss Commodities Services Ltd. Edelweiss Financial Services Ltd. Cholamandalam Investment & Finance Company Ltd. LIC Housing Finance Ltd. Housing Development Finance Shriram Transport Finance Company Ltd. Reliance Home Finance Ltd. ICICI Bank Ltd. Rural Electrification Infrastructure Leasing & Financial Services Ltd. NON-CONVERTIBLE DEBENTURES Total Debt Holdings Total Money Market Instruments Commercial Paper Mahindra & Mahindra Financial Services Ltd Infina Finance Pvt Ltd. Reliance Capital Ltd. Kotak Mahindra Prime Ltd. Housing Development Finance Commercial Paper Total Money Market Instruments Total Cash & Other Receivables Net Receivables/(Payables) Cash & Other Receivables Total Grand Total % to % to V Nav Derivatives 0.04% (0.04%) (1.76%) 1.76% 0.88% 0.61% 0.27% 0.19% 0.19% 62.62% 62.62% 6.91% 3.96% 0.05% 10.92% 2.44% 0.80% 0.78% 0.74% 0.49% 0.46% 0.25% 0.34% 0.25% 0.31% 0.24% 0.05% 0.03% 0.03% 7.21% 7.21% 2.42% 2.28% 1.21% 1.16% 0.93% 8.00% 8.00% 14.48% (3.23%) 11.25% % (0.88%) (0.61%) (0.27%) (0.19%) (0.19%) (62.86%) (62.86%) Active positive bets Total stocks in portfolio Top 15 stocks Total portfolio Portfolio analysis: Sector-wise Dividend history Record date Rate (Re/unit) Regular Plan Dividend Option 9-Feb Jan Dec Nov Oct % - Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark Crisil Liquid Fund Index. Source: Bloomberg. Quantitative indicators as on December 30, 2016 Standard Deviation $ Beta $ Sharpe Ratio $ Portfolio Turnover Ratio 1 Risk free rate of return (FIMMDA MIBOR) % Total expense ratio (month-to-date ratio to average AUM) Regular Plan % Direct Plan % Chemicals 0.06% Industrial Capital Goods 0.18% Textile Products 0.19% Non - Ferrous Metals 0.23% Services 0.41% Software 0.61% Minerals/Mining 0.67% Oil 1.28% Media & Entertainment 1.29% Industrial Products 1.41% Auto Ancillaries 1.61% Telecom - Services 1.76% Construction 2.00% Construction Project 2.51% Cement 2.61% Ferrous Metals 2.71% Pharmaceuticals 3.12% Banks 3.99% Auto 4.85% Consumer Non Durables 6.09% Petroleum Products 6.13% Power 6.31% Finance 12.59% 0.00% 5.00% 10.00% 15.00% Record date dividend V After payment of dividend, the V will fall to the extent of dividend payout and statutory levy (if applicable). Past performance may or may not be sustained in future. Dividend is declared on the face value of Rs. 10/- per unit. 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. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Riskometer Investors understand that their principal will be at Moderately Low Risk 1 Calculated for last 12 months as on February 28, 2017; 2 Does not include Service Tax on Investment Management fees. $ Since the scheme has not completed 3 years standard deviation, beta and the sharpe ratio has not been provided. 8

10 Edelweiss Economic Resurgence Fund # # Formerly, JPMorgan India Economic Resurgence Fund. As already notified the Schemes of JPMorgan Mutual Fund have been transferred to and form part of Edelweiss Mutual Fund on and from the close of business hours on November 25, Equity Holdings AUTO Maruti Suzuki India Ltd. Eicher Motors Ltd. Ashok Leyland Ltd. AUTO ANCILLARIES WABCO India Ltd. CEAT Ltd. Amara Raja Batteries Ltd. BANKS ICICI Bank Ltd. IndusInd Bank Ltd. Yes Bank Ltd. State Bank of India The Federal Bank Ltd. HDFC Bank Ltd. CEMENT Ultratech Cement Ltd. Dalmia Bharat Ltd. JK Cement Ltd. JK Lakshmi Cement Ltd. Shree Cements Ltd. The Ramco Cements Ltd. CHEMICALS Solar Industries India Ltd. CONSTRUCTION Ahluwalia Contracts (India) Ltd. KNR Constructions Ltd National Buildings Construction J.Kumar Infraprojects Ltd. ITD Cementation India Ltd. Kajaria Ceramics Ltd. CONSTRUCTION PROJECT Larsen & Toubro Ltd. Sadbhav Engineering Ltd. NCC Ltd. CONSUMER DURABLES Blue Star Ltd. Whirlpool of India Ltd. Century Plyboards (India) Ltd. CONSUMER NON DURABLES Kansai Nerolac Paints Ltd. ENGINEERING SERVICES VA Tech Wabag Ltd. FINCE Bajaj Finance Ltd. GAS Petronet LNG Ltd. INDUSTRIAL CAPITAL GOODS Action Construction Equipment Ltd. Ujaas Energy Ltd. V-Guard Industries Ltd. BEML Ltd. Bharat Electronics Ltd. Texmaco Rail & Engineering Ltd INDUSTRIAL PRODUCTS Jain Irrigation Systems Ltd. Fag Bearings India Ltd. Grindwell Norton Ltd Cummins India Ltd. Bharat Forge Ltd. NON - FERROUS METALS Vedanta Ltd. Hindalco Industries Ltd. Holdings as on 28 February 2017 (in %) 7.54% 5.27% 1.23% 1.04% 1.83% 0.76% 0.54% 0.53% 17.74% 5.75% 4.33% 3.81% 2.77% 0.82% 0.26% 8.44% 1.88% 1.56% 1.49% 1.36% 1.26% 0.89% 1.70% 1.70% 9.86% 3.14% 1.93% 1.74% 1.35% 1.02% 0.68% 8.53% 3.96% 2.41% 2.16% 5.47% 2.41% 1.63% 1.43% 1.60% 1.60% 1.47% 1.47% 1.40% 1.40% 0.82% 0.82% 9.49% 2.99% 2.00% 1.45% 1.42% 0.93% 0.70% 5.64% 1.84% 1.24% 1.14% 0.82% 0.60% 2.98% 1.89% 1.09% PETROLEUM PRODUCTS Bharat Petroleum SOFTWARE Vakangee Ltd. TELECOM - EQUIPMENT & ACCESSORIES Astra Microwave Products Ltd. Equity Holdings Total Long Futures HDFC Bank Ltd. Long Futures Total Margin Deposit RBL Bank Ltd. Margin Deposit Total Cash & Other Receivables Net Receivables/(Payables) Cash & Other Receivables Total Grand Total Total stocks in portfolio Top 15 stocks Total portfolio Active positive bets Standard Deviation $ Beta $ Sharpe Ratio $ Portfolio Turnover Ratio 1 Risk free rate of return (FIMMDA MIBOR) 1.15% 1.15% 0.56% 0.56% 1.11% 1.11% 87.33% (0.01%) (0.01%) 1.06% 1.06% 11.02% 0.59% 11.61% % % 71.30% Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark S&P BSE 200. Source: BSE, Bloomberg. Quantitative indicators as on December 30, Total expense ratio (month-to-date ratio to average AUM) Regular Plan % Direct Plan % Portfolio analysis: Market cap-wise 14% 35% 21% 30% >US$15bn US$3 - US$15bn US$1 - US$3bn <US$1bn Portfolio analysis: Sector-wise Software Gas Telecom - Equipment & Accessories Petroleum Products Finance Engineering Services Consumer Non Durables Chemicals Auto Ancillaries Non - Ferrous Metals Consumer Durables Industrial Products Auto Cement Construction Project Industrial Capital Goods Construction Banks 0.56% 0.82% 1.11% 1.15% 1.40% 1.47% 1.60% 1.70% 1.83% 2.98% 5.47% 5.64% 7.54% 8.44% 8.53% 9.49% 9.86% 17.74% 0.00% 10.00% 20.00% 30.00% Name of the scheme Edelweiss Economic Resurgence Fund Allotment date Regular Plan Direct Plan Scheme type An open-ended equity scheme Investment objective 3-Feb-15 3-Feb-15 The primary investment objective of the scheme is to generate long term capital appreciation, from a diversified portfolio that is substantially constituted of equity and equity related securities of companies with focus on riding economic cycles through dynamic allocation between various sectors and stocks at different stages of economic activity. This Fund will generally not invest in defensive sectors such as pharmaceuticals, fast moving consumer goods and IT services. However, there can be no assurance that the investment objective of the scheme will be realised. Fund managers Head Equities: Mr. Harshad Patwardhan Fund Manager: Mr. Amit Gadgil Total experience (years) Mr. Harshad Patwardhan Mr. Amit Gadgil Experience managing the scheme Mr. Harshad Patwardhan Mr. Amit Gadgil (since) 03-Feb Apr-16 For all Plans Minimum investment amount Rs. 5000/- per application & in multiples of Re. 1/- thereafter Additional investment amount Rs. 1000/- per application & in multiples of Re. 1/- thereafter Entry load AUM as on 28 February 2017 Rs Crore Average AUM as on February 2017 Rs Crore Not Applicable Exit load If the Units are redeemed / switched out on or before 12 months from the date of allotment 1.00% If the Units are redeemed / switched out after 12 months from the date of allotment Nil Benchmark S&P BSE 200 V (as at 28 February 2017, in Rs.) Direct Plan Dividend Option Direct Plan Growth Option Regular Plan Dividend Option Regular Plan Growth Option This product is suitable for investors who are seeking* Long Term Capital Growth Investment in equity and equity-related securities of companies with a focus on riding economic cycles through dynamic allocation between various sectors and stocks at different stages of economic activity. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Riskometer Investors understand that their principal will be at High Risk 1 Calculated for last 12 months as on February 28, 2017; 2 Does not include Service Tax on Investment Management fees; $ Since the scheme has not completed 3 years standard deviation, beta and the sharpe ratio has not been provided. 9

11 Edelweiss ELSS Fund Equity Holdings AUTO TVS Motor Company Ltd. Mahindra & Mahindra Ltd. Maruti Suzuki India Ltd. AUTO ANCILLARIES Exide Industries Ltd. Sundram Fasteners Ltd. MRF Ltd. Balkrishna Industries Ltd. BANKS HDFC Bank Ltd. City Union Bank Ltd. ICICI Bank Ltd. Yes Bank Ltd. IndusInd Bank Ltd. State Bank of India Vijaya Bank Kotak Mahindra Bank Ltd. CEMENT Grasim Industries Ltd. The Ramco Cements Ltd. OCL India Ltd. CHEMICALS Aarti Industries Ltd. Solar Industries India Ltd. Atul Ltd. CONSTRUCTION IRB Infrastructure Developers Ltd. CONSTRUCTION PROJECT Larsen & Toubro Ltd. CONSUMER DURABLES Whirlpool of India Ltd. Symphony Ltd. CONSUMER NON DURABLES ITC Ltd. Marico Ltd. Hatsun Agro Product Ltd. Hindustan Unilever Ltd. Kansai Nerolac Paints Ltd. Jyothy Laboratories Ltd. Akzo Nobel India Ltd. FINCE Housing Development Finance IIFL Holdings Ltd. L&T Finance Holdings Ltd. Muthoot Finance Ltd. Cholamandalam Investment & Finance Company Ltd. Shriram City Union Finance Ltd. IDFC Ltd. GAS GAIL (India) Ltd. INDUSTRIAL CAPITAL GOODS V-Guard Industries Ltd. INDUSTRIAL PRODUCTS Finolex Cables Ltd. Finolex Industries Ltd. Kirloskar Oil Engines Ltd. MEDIA & ENTERTAINMENT D. B. Corp Ltd. OIL Oil India Ltd. Oil & Natural Gas PESTICIDES P I INDUSTRIES LIMITED Holdings as on 28 February 2017 (in %) Equity Holdings 3.55% 2.04% 0.85% 0.66% 4.98% 2.09% 1.37% 0.96% 0.56% 12.52% 2.41% 2.11% 2.10% 1.83% 1.77% 0.95% 0.74% 0.61% 3.88% 2.03% 1.12% 0.73% 2.87% 1.49% 0.71% 0.67% 0.70% 0.70% 1.47% 1.47% 2.53% 1.28% 1.25% 6.77% 1.56% 1.08% 1.05% 1.00% 0.87% 0.82% 0.39% 11.75% 23.24% 3.36% 2.22% 2.17% 1.18% 1.17% 0.88% 0.77% 2.11% 2.11% 1.50% 1.50% 1.97% 0.95% 0.52% 0.50% 0.56% 0.56% 2.33% 1.86% 0.47% 0.90% 0.90% PETROLEUM PRODUCTS Reliance Industries Ltd. Indian Oil Mangalore Refinery & Petrochemicals Ltd. PHARMACEUTICALS Piramal Enterprises Ltd. Cipla Ltd. Sanofi India Ltd. Abbott India Ltd. Biocon Ltd. POWER NHPC Ltd. NTPC Ltd. Power Grid Corporation of India Ltd. SOFTWARE HCL Technologies Ltd. Infosys Ltd. Oracle Financial Services Software Ltd. Mphasis Ltd. Tata Consultancy Services Ltd. MindTree Ltd. ECLERX SERVICES LTD. TELECOM - EQUIPMENT & ACCESSORIES Bharti Infratel Ltd. TELECOM - SERVICES Bharti Airtel Ltd. Idea Cellular Ltd. TEXTILES - COTTON Vardhman Textiles Ltd. Equity Holdings Total Cash & Other Receivables Net Receivables/(Payables) Cash & Other Receivables Total Grand Total Portfolio analysis: Market cap-wise 33.52% Active positive bets Total stocks in portfolio Top 15 stocks Total portfolio Standard Deviation Beta Sharpe Ratio Portfolio Turnover Ratio 1 Risk free rate of return (FIMMDA MIBOR) 7.87% 7.24% 4.06% 2.34% 0.84% 7.00% 3.22% 1.07% 0.95% 0.94% 0.82% 5.99% 2.32% 1.84% 1.83% 10.40% 3.50% 2.50% 1.04% 1.03% 0.91% 0.74% 0.68% 0.75% 0.75% 4.02% 1.01% 1.97% 1.97% 97.76% 2.08% 0.16% 2.24% % 35.37% >US$15bn US$3 - US$15bn <US$1bn US$1 - US$3bn % 60.70% Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark Nifty 500. Source: Bloomberg Quantitative indicators as on December 30, % % Total expense ratio (month-to-date ratio to average AUM) Existing Plan % Direct Plan % Name of the scheme Edelweiss ELSS Fund Allotment date Existing Plan Direct Plan 30-Dec Jan-13 Scheme type An Open Ended Equity Linked Savings Scheme Investment objective 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. Fund managers Fund Manager: Mr. Kartik Soral Assistant Fund Manager: Mr. Bhavesh Jain Total experience (years) Mr. Kartik Soral 10 Mr. Bhavesh Jain 8 Experience managing the scheme (since) Mr. Kartik Soral 3-Aug-15 Mr. Bhavesh Jain 7-Aug-13 For all Plans Minimum investment amount Rs. 500/- per application & in multiples of Rs. 500/- thereafter Additional investment amount Rs. 500/- per application & in multiples of Rs. 500/- thereafter Entry load Not Applicable Exit load Nil Benchmark Nifty 500 V (as at 28 February 2017, in Rs.) Direct Plan Dividend Option Direct Plan Growth Option Dividend Option Growth Option AUM as on 28 February 2017 Rs Crore Average AUM as on February 2017 Rs Crore 1 Calculated for last 12 months as on February 28, 2017; 2 Does not include Service Tax on Investment Management fees. 10

12 Edelweiss ELSS Fund (Cont.) Dividend history Record date Rate (Re/unit) Regular Plan Dividend Option 18-Jan Mar Jan Dec Mar Record date dividend V After payment of dividend, the V will fall to the extent of dividend payout and statutory levy (if applicable). Past performance may or may not be sustained in future. Dividend is declared on the face value of Rs. 10/- per unit. Portfolio analysis: Sector-wise Media & Entertainment 0.56% Construction 0.70% Telecom - Equipment & Accessories 0.75% Pesticides 0.90% Construction Project 1.47% Industrial Capital Goods 1.50% Textiles - Cotton 1.97% Industrial Products 1.97% Gas 2.11% Oil 2.33% Consumer Durables 2.53% Chemicals 2.87% Auto 3.55% Cement 3.88% Telecom - Services 4.02% Auto Ancillaries 4.98% Power 5.99% Consumer Non Durables 6.77% Pharmaceuticals 7.00% Petroleum Products 7.24% Software 10.40% Finance 11.75% Banks 12.52% 0.00% 7.00% 14.00% 21.00% This product is suitable for investors who are seeking* Riskometer To create wealth in the long term Investment in equity and equity-related securities that will be locked-in for the first three years. Investors understand that their principal will be at Moderately High Risk *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 11

13 Edelweiss Equity Opportunities Fund # # Formerly, JPMorgan India Equity Fund. As already notified the Schemes of JPMorgan Mutual Fund have been transferred to and form part of Edelweiss Mutual Fund on and from the close of business hours on November 25, EQUITY HOLDINGS AUTO Maruti Suzuki India Ltd. Tata Motors Ltd. Eicher Motors Ltd. AUTO ANCILLARIES CEAT Ltd. Amara Raja Batteries Ltd. BANKS ICICI Bank Ltd. IndusInd Bank Ltd. State Bank of India Yes Bank Ltd. Kotak Mahindra Bank Ltd. The Federal Bank Ltd. HDFC Bank Ltd. CEMENT JK Cement Ltd. Ultratech Cement Ltd. The Ramco Cements Ltd. Dalmia Bharat Ltd. JK Lakshmi Cement Ltd. CHEMICALS Solar Industries India Ltd. CONSTRUCTION National Buildings Construction Ahluwalia Contracts (India) Ltd. ITD Cementation India Ltd. CONSTRUCTION PROJECT Larsen & Toubro Ltd. NCC Ltd. Sadbhav Engineering Ltd. CONSUMER DURABLES Whirlpool of India Ltd. Havells India Ltd. CONSUMER NON DURABLES ITC Ltd. Kansai Nerolac Paints Ltd. Britannia Industries Ltd. Jyothy Laboratories Ltd. FINCE Housing Development Finance Motilal Oswal Financial Services Ltd. Bajaj Finance Ltd. Multi Commodity Exchange Of India Ltd. Cholamandalam Investment & Finance Company Ltd. GAS Petronet LNG Ltd. Indraprastha Gas Ltd. INDUSTRIAL CAPITAL GOODS Action Construction Equipment Ltd. INDUSTRIAL PRODUCTS Bharat Forge Ltd. MEDIA & ENTERTAINMENT Zee Entertainment Enterprises Ltd. NON - FERROUS METALS Vedanta Ltd. Hindalco Industries Ltd. PETROLEUM PRODUCTS Reliance Industries Ltd. Bharat Petroleum PHARMACEUTICALS Sun Pharmaceuticals Ind Ltd. Lupin Ltd. Holdings as on 28 February 2017 (in %) 8.18% 4.05% 3.07% 1.06% 0.95% 0.48% 0.47% 17.42% 4.90% 3.19% 2.95% 2.67% 2.16% 0.79% 0.76% 4.13% 1.13% 1.03% 0.77% 0.64% 0.56% 1.06% 1.06% 2.93% 1.21% 1.21% 0.51% 5.51% 3.72% 0.91% 0.88% 1.60% 1.14% 0.46% 9.20% 5.79% 1.30% 1.27% 0.84% 8.51% 4.32% 1.37% 1.24% 1.09% 0.49% 1.92% 1.44% 0.48% 0.53% 0.53% 0.57% 0.57% 1.58% 1.58% 2.75% 1.73% 1.02% 6.12% 4.73% 1.39% 3.88% 2.48% 1.40% EQUITY HOLDINGS POWER Power Grid Corporation of India Ltd. SOFTWARE Infosys Ltd. Tata Consultancy Services Ltd. Equity Holdings Total Long Futures HDFC Bank Ltd. Long Futures Total Margin Deposit RBL Bank Ltd. Margin Deposit Total Debt Holdings NON-CONVERTIBLE DEBENTURES Blue Dart Express Ltd. NON-CONVERTIBLE DEBENTURES Total Debt Holdings Total Cash & Other Receivables Net Receivables/(Payables) Cash & Other Receivables Total Grand Total Active positive bets Total stocks in portfolio Top 15 stocks Total portfolio This product is suitable for investors who are seeking* Long-term capital growth. Investments predominantly in equity and equity related securities *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Standard Deviation Beta Sharpe Ratio Portfolio Turnover Ratio 1 Risk free rate of return (FIMMDA MIBOR) % 41.6% Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark S&P BSE 200. Source: BSE, Bloomberg. Quantitative indicators as on December 30, % % Total expense ratio (month-to-date ratio to average AUM) Regular Plan % Direct Plan % Portfolio analysis: Market cap-wise 20% 10% 62% 9% Portfolio analysis: Sector-wise 2.73% 2.73% 7.93% 4.93% 3.00% 87.50% (0.04%) (0.04%) 0.87% 0.87% 0.04% 0.04% 0.04% 10.59% 1.00% 11.59% % >US$15bn US$3 - US$15bn US$1 - US$3bn <US$1bn Industrial Capital Goods 0.53% Industrial Products 0.57% Auto Ancillaries 0.95% Chemicals 1.06% Media & Entertainment 1.58% Consumer Durables 1.60% Gas 1.92% Power 2.73% Non - Ferrous Metals 2.75% Construction 2.93% Pharmaceuticals 3.88% Cement 4.13% Construction Project 5.51% Petroleum Products 6.12% Software 7.93% Auto 8.18% Finance 8.51% Consumer Non Durables 9.20% Banks 17.42% 0.00% 5.00% 10.00% 15.00% 20.00% Riskometer Name of the scheme Edelweiss Equity Opportunities Fund Allotment date Regular Plan Direct Plan Investors understand that their principal will be at Moderately High Risk AUM as on 28 February 2017 Rs Crore Average AUM as on February 2017 Rs Crore 14-Jun-07 1-Jan-13 Scheme type An open-ended equity growth scheme Investment objective The investment objective of the Scheme is to generate income and long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. However, there can be no assurance that the investment objective of the Scheme will be realised. Fund managers Head Equities: Mr. Harshad Patwardhan Fund Manager: Mr. Amit Gadgil Total experience (years) Mr. Harshad Patwardhan 23 Mr. Amit Gadgil 14 Experience managing the scheme (since) Mr. Harshad Patwardhan 14-Jun-07 Mr. Amit Gadgil 14-Jun-07 For all Plans Minimum investment amount Rs.5,000/- per application and in multiples of 1/- thereof. Additional investment amount Rs.1,000/- per application and in multiples of 1/- thereof. Entry load Not Applicable Exit load If the Units are redeemed / switched out on or before 12 months from the date of allotment 1.00% If the Units are redeemed / switched out after 12 months from the date of allotment Nil Benchmark S&P BSE 200 V (as at 28 February 2017, in Rs.) Direct Plan Dividend Option Direct Plan Growth Option Regular Plan Dividend Option Regular Plan Growth Option Dividend history Record date Rate (Re/unit) Regular Plan Dividend Option 15-Feb Jan Nov Oct Sep Record date dividend V After payment of dividend, the V will fall to the extent of dividend payout and statutory levy (if applicable). Past performance may or may not be sustained in future. Dividend is declared on the face value of Rs. 10/- per unit. 1 Calculated for last 12 months as on February 28, 2017; 2 Does not include Service Tax on Investment Management fees. 12

14 Edelweiss Equity Savings Advantage Fund # # Formerly, JPMorgan India Equity Income Fund. As already notified the Schemes of JPMorgan Mutual Fund have been transferred to and form part of Edelweiss Mutual Fund on and from the close of business hours on November 25, Further, Edelweiss Equity Savings Advantage Fund was merged with JPMorgan India Equity Income Fund on and from close of business hours on November 25, 2016 with the surviving scheme s name as Edelweiss Equity Savings Advantage Fund. Equity Holdings UnHedge Positions AUTO Tata Motors Ltd. Maruti Suzuki India Ltd. Eicher Motors Ltd. AUTO ANCILLARIES Bosch Ltd. MRF Ltd. BANKS HDFC Bank Ltd. ICICI Bank Ltd. Kotak Mahindra Bank Ltd. IndusInd Bank Ltd. State Bank of India Axis Bank Ltd. Yes Bank Ltd. CEMENT Ultratech Cement Ltd. Shree Cements Ltd. CONSTRUCTION PROJECT Larsen & Toubro Ltd. CONSUMER NON DURABLES ITC Ltd. Asian Paints Ltd. Britannia Industries Ltd. Jyothy Laboratories Ltd. Kansai Nerolac Paints Ltd. FINCE Housing Development Finance GAS Petronet LNG Ltd. Indraprastha Gas Ltd. MEDIA & ENTERTAINMENT Zee Entertainment Enterprises Ltd. MINERALS/MINING Coal India Ltd. NON - FERROUS METALS Hindalco Industries Ltd. Vedanta Ltd. PETROLEUM PRODUCTS Reliance Industries Ltd. Bharat Petroleum Corporation Ltd. PHARMACEUTICALS Sun Pharmaceuticals Ind Ltd. Lupin Ltd. POWER Power Grid Corporation of India Ltd. SOFTWARE Infosys Ltd. Tata Consultancy Services Ltd. UnHedge Positions Total Equity Holdings Total Hedge Positions BANKS ICICI Bank Ltd. ICICI Bank Ltd.- FUTURES Kotak Mahindra Bank Ltd. Kotak Mahindra Bank Ltd.- FUTURES Axis Bank Ltd. Axis Bank Ltd.- FUTURE Holdings as on 28 February 2017 (in %) % to % to V Nav Derivatives 2.54% 1.10% 1.08% 0.36% 0.56% 0.38% 0.18% 10.05% 3.57% 2.06% 1.13% 0.98% 0.92% 0.81% 0.58% 1.05% 0.72% 0.33% 1.60% 1.60% 4.41% 2.71% 0.75% 0.38% 0.33% 0.24% 2.16% 2.16% 0.56% 0.35% 0.21% 0.67% 0.67% 0.35% 0.35% 0.48% 0.28% 0.20% 2.30% 0.71% 1.33% 0.84% 0.49% 0.97% 0.97% 3.64% 2.27% 1.37% 33.38% 33.38% 9.43% 5.25% 3.57% 0.61% (34.77%) -9.49% -5.28% -3.59% -0.62% Equity Holdings CEMENT Century Textiles & Industries Ltd. Century Textiles & Industries Ltd.- FUTURES FERROUS METALS JSW Steel Ltd. JSW Steel Ltd.- FUTURES FINCE Housing Development Finance Housing Development Finance - FUTURES Power Finance Power Finance Corporation Ltd.- FUTURES PETROLEUM PRODUCTS Reliance Industries Ltd. Reliance Industries Ltd. - FUTURES PHARMACEUTICALS Aurobindo Pharma Ltd. Aurobindo Pharma Ltd. - FUTURES Sun Pharmaceuticals Ind Ltd. Sun Pharmaceuticals Ind Ltd. - FUTURES Hedge Positions Total Margin Deposit RBL Bank Ltd. Margin Deposit Total Debt Holdings NON-CONVERTIBLE DEBENTURES HDB Financial Services Ltd. Dewan Housing Finance Power Finance Muthoot Finance Ltd. NON-CONVERTIBLE DEBENTURES Total Debt Holdings Total Cash & Other Receivables Net Receivables/(Payables) Cash & Other Receivables Total Grand Total % to % to V Derivatives (0.46%) Nav 0.46% 0.46% 0.37% 0.37% 6.75% 5.16% 1.59% 6.19% 6.19% 11.45% 5.94% 5.51% 34.65% 7.94% 7.94% 7.35% 6.56% 5.87% 3.61% 23.39% 23.39% 3.64% (3.00%) 0.64% % Active positive bets Total stocks in portfolio Top 15 stocks Total portfolio Standard Deviation $ Beta $ Sharpe Ratio $ Portfolio Turnover Ratio 1 Risk free rate of return (FIMMDA MIBOR) (0.46%) (0.37%) (0.37%) (6.76%) (5.18%) (1.58%) (6.21%) (6.21%) (11.48%) (5.97%) (5.51%) (34.77%) % 10.3% Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark Crisil Liquid Fund Index,Nifty 50. Source: Bloomberg. Quantitative indicators as on December 30, % Total expense ratio (month-to-date ratio to average AUM) Regular Plan % Direct Plan % Name of the scheme Edelweiss Equity Savings Advantage Fund Allotment date Regular Plan Direct Plan Scheme type An Open Ended Equity Scheme Investment objective 13-Oct Oct-14 The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns. Fund managers Equity Portion: Head Equities: Mr. Harshad Patwardhan Fund Manager: Mr. Bhavesh Jain Debt Portion: Fund Manager: Mr. Dhawal Dalal Total experience (years) Mr. Harshad Patwardhan 23 Mr. Bhavesh Jain 8 Mr. Dhawal Dalal 17 Experience managing the scheme (since) Mr. Harshad Patwardhan 29-Apr-16 Mr. Bhavesh Jain 28-Nov-16 Mr. Dhawal Dalal 28-Nov-16 For all Plans Minimum investment amount Rs. 5,000/- per application and in multiples of Re. 1/- thereafter Additional investment amount Rs. 1,000/- per application and in multiples of Re. 1/- thereafter Entry load Not Applicable Exit load If the Units are redeemed / switched out on or before 12 months from the date of allotment 1.00% If the Units are redeemed / switched out after 12 months from the date of allotment Nil Benchmark 70% of CRISIL Liquid Fund Index and 30% in Nifty 50 V (as at 28 February 2017, in Rs.) *Direct Plan Bonus Option Direct Plan Dividend Option Direct Plan Growth Option *Regular Plan Bonus Option Regular Plan Dividend Option Regular Plan Growth Option *Closed for subscription AUM as on 28 February 2017 Rs Crore Average AUM as on February 2017 Rs Crore Calculated for last 12 months as on February 28, 2017; 2 Does not include Service Tax on Investment Management fees. $ Since the scheme has not completed 3 years standard deviation, beta and the sharpe ratio has not been provided. 13