Equity Market Outlook 2 Debt Market Outlook 3

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3 Index Markets & Beyond Page No. Equity Market Outlook 2 Debt Market Outlook 3 Equity Funds Edelweiss Arbitrage Fund 4 Edelweiss Equity Savings Advantage Fund 5 Edelweiss Dynamic Equity Advantage Fund 6 Edelweiss Large Cap Advantage Fund 7 Edelweiss Equity Opportunities Fund 8 Edelweiss Mid And Small Cap Fund 9 Edelweiss Economic Resurgence Fund 10 Edelweiss ELSS Fund 11 Edelweiss Prudent Advantage Fund 12 Edelweiss Tax Advantage Fund 13 Balanced Fund Edelweiss Balanced Advantage Fund 14 Debt Funds Edelweiss Liquid Fund 15 Edelweiss Treasury Fund 16 Edelweiss Short Term Income Fund 17 Edelweiss Banking And PSU Debt Fund 18 Edelweiss Corporate Debt Opportunities Fund 19 Edelweiss Bond Fund 20 Edelweiss Government Securities Fund 21 Exchange Traded Funds Edelweiss ETF - Nifty Edelweiss ETF - Nifty Bank 23 Edelweiss ETF - Nifty Quality Overseas Fund of Funds Edelweiss Asean Equity Off-Shore Fund 25 Edelweiss Greater China Equity Off-Shore Fund 26 Edelweiss Europe Dynamic Equity Off-Shore Fund 27 Edelweiss Emerging Markets Opportunities Equity Offshore Fund 28 Edelweiss US Value Equity Off-Shore Fund 29 Schedule Schemes managed by 30 How to Read Factsheet 32

4 From the CIO s Desk - Equity Domes c posi ves including early onset of monsoon, GST roll-out and cooling infla on cheered the Indian equity market. Addi onally, the liquidity boost received from global markets buoyed the Indian equity indices to new life highs during the month with the benchmark Ni y Index crossing 10,000 mark for the first me in history. A cut in the infla on projec on by the RBI in its bimonthly policy cheered Harshad Patwardhan CIO-Equi es the interest rate sensi ve sectors including Realty, Banks and Auto. In the run-up to GST implementa on in, concerns around non-availability of input tax credit on exis ng inventory drove the wholesalers to destock in June, thereby affec ng the sales volumes. Banks and Energy were outperformers during the month, led by a strong start to earnings season whereas the energy space was upbeat with the Government's plan for a poten al ONGC- HPCL merger. FMCG and Healthcare were among the bo om performers stricken a er the GST Council decided to raise cess on cigare es in a bid to reduce profiteering by companies; Healthcare companies reported muted 1Q earnings led by higher pricing pressure in US and cau ous outlook from management. In terms of flows, FII buying moderated in with net inflows of USD 393mn which compares to the YTD total of USD 9bn. DII con nue to remain buyers led primarily by mutual funds with net inflows of USD 742mn in taking the YTD total to USD 4bn. Mutual Funds were net buyers of USD 1.3bn in while Insurers remained sellers with net ou lows of USD 519mn. Indicators remained mixed with moderately improving exports growth, lowering infla on, lower trade deficit, muted manufacturing PMI numbers, lower IIP print and modest Q4 GDP growth. GDP data for Q4FY17 came in at 6.1%, and GDP grew at a 3-year slow pace of 7.1%. In FY The broad-based slowdown in Q4 GDP growth came in from the effects of demone za on, agriculture, pronounced decelera on in manufacturing, construc on and finance sectors. Global India's manufacturing PMI fell sharply to 47.9 in the first month a er the launch of GST from 50.9 in June. The slowdown was mainly related to transi onal uncertain es as firms tried to assess the implica ons of and adjust to the new tax structure. May IIP printed a low growth of 1.7% compared to 2.8% in April. Sector-wise, manufacturing and electricity grew 1.2% and 8.7% respec vely, while mining contracted 0.9%. Trade deficit (merchandise) contracted marginally to USD 13.8bn in June (USD 13.8bn in May). Oil imports were at USD 8.1bn, higher than USD 7.7bn in May and non-oil imports were at USD 28.4bn (USD 30.1bn in May) with gold imports at USD 2.5bn (USD 5bn in May). June exports at USD 23.6bn grew at 4.4% against 8.3% in May. The modest start to Q1 earnings is partly a ributed to the GST rollout disrup on. Few key trends from the results declared includes [1] GST-related hiccups, as expected, took a toll on the volumes performance of B2C sectors Staples, Durables and Electricals were par cularly impacted by destocking ahead of GST roll-out. [2] Provisions for most BFSI companies were elevated and came in above expecta ons Private Banks posted in-line results, while NBFCs and PSU Banks posted muted earnings. [3] Healthcare is on its way to report another washout quarter, with majorly all the companies pos ng lacklustre results owing to higher pricing pressure in US and cau ous outlook from management. [4] Large-cap cement companies surprised on profitability due to be er-than-expected realiza ons. [5] Technology and Consumer posted in-line performances, while Telecom exceeded muted expecta ons. India's GDP growth is expected to hit 7.3% in and 7.7% the following year as projected by the OECD. Domes cally, consump on-a key growth driver- is showing pronounced uptrend (domes c retail sales, auto sales and oil consump on) well supported by exports. Select capex indicators (capital goods imports and LCV sales) have also begun to improve even as growth in other capex indicators remains muted. The immediate effect of GST implementa on may be disrup ve for infla on. Addi onally, waiving off the farm loans by states could stoke infla onary pressures in the economy. A empts by the government to achieve fiscal deficit target through buoyant indirect tax revenue growth and par al disinvestments (poten al stake sale in Air India) could help to counter fiscal slippages. The government's move to combine strategic policy reform measures with efficient execu on prepares a favourable ground for sustainable long term growth, a key posi ve for equity market. Expecta on of normal monsoon with decent spa al distribu on, transitory impact of GST on infla on, improving consump on and moderate global crude oil prices are some of the near-term posi ves for the economy. The fiscal deficit has come down, the rupee has strengthened, the rains have been good and the government has successfully managed food prices, Core infla on too has come down in recent months. The RBI in its monetary policy review mee ng held on 2nd August, reduced the policy repo rate by 25bps from 6.25% to 6% and consequently, the reverse repo rate under the LAF stands adjusted to 5.75% while retaining the real GVA growth for -18 of 7.3%. Rs. (Cr.) 40,000 30,000 20,000 10, ,000-20,000-30,000 FII Flows Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Source: Bloomberg, NSE, Internal research as of August 02, 2

5 From the CIO s Desk - Fixed Income Dhawal Dalal CIO-Fixed Income What happened? What we said earlier: We turned more construc ve on government bonds in June We expected the recent rally in government bonds to con nue for some me We expected a 25-bp cut in the Repo Rate in the upcoming MPC mee ng due on Aug 2, We expect the benchmark 10Y government bond yields to trend towards 6.25% in the medium-term The month of began with bond market's focus turning towards a set of external events a er comments by ECB President Mario Draghi on possibility of reducing exis ng monetary support ra led global bond and currency markets. The euro's apprecia ng trend against the dollar got a further boost because of these comments and resulted in further apprecia on of around 4% from its lows in. The Dollar Index con nued to weaken against a basket of major currencies in reflec ng a change in sen ment among market par cipants amid lack of progress in the US poli cs and changing alignments in G20 mee ng in Germany. The Dollar index lost a further 3.9% in to close at 92.8, its lowest level a er May Amid ongoing poli cal developments, bond market par cipants turned their focus on the comments of the Federal Reserve Chair Janet Yellen on mul ple occasions in to get further insights on FOMC's plans on unwinding of the massive bond por olio & their assessment on the US economy. Earlier, the Federal Reserve had indicated that they would start unwinding their bond por olio rela vely soon. They would reduce it by 6 billion of Treasury securi es and 4 billion of mortgages a month and increase the amount on quarterly basis ll monthly purchases touched 50 billion. However, market par cipants were keen to find out the ming of the same. Market par cipants' sen ment improved further a er the Fed Chair Yellen indicated that the Federal Reserve was ge ng concerned about lack of infla onary pressures in the economy even a er the massive improvement in the US economy and on the jobs front. This resulted in a relief rally in US bonds. The benchmark 10Y government bond yield declined from its recent peak of 2.39% on 7, to a low of 2.24% on 21,. Back home, a er ECB-triggered ini al spike, Indian bond yields dri ed lower throughout the month amid further improvement in sen ment. Bond market par cipants derived comfort from smooth na onwide introduc on of GST from 1,, sa sfactory progress of monsoon in major parts of the country, further decline in headline consumer infla on in to a series low of 1.55% y/y and wholesale infla on to 0.9% y/y. These developments, along with further inflows of FPI in Indian bonds to the tune of around Rs. 20,000 crore in resulted in bond market par cipants factoring in a possible reduc on in the Repo Rate by 25 basis points in the upcoming MPC mee ng on August 2,. The benchmark 10Y government bond yield ended the month at around 6.47%, lower by 4 basis points from June-end. It traded in a ght range of around 10 basis points during the month. As expected, the RBI-led MPC announced a 25-bp cut in the Repo Rate on August 2, and maintained a neutral bias going forward. In a 5-1 decision in favor of a rate cut, the RBI noted the recent decline in core infla on, likely benign path of infla on going forward, smooth rollout of GST and normal monsoon and lowerthan-expected impact of HRA on headline infla on in the near-term. Consequently, the RBI observed that, these developments have opened up some space for monetary accommoda on. The RBI also observed the urgent need to reinvigorate private investments, remove infra-bo lenecks and provide a major thrust to the housing sector. The RBI hoped that the recent decline in the Repo Rate would reduce the cost of capital for capital-intensive sectors. The RBI also men oned that further monetary accommoda on will be data dependent. Bond market par cipants welcomed the rate cut and the RBI's realis c economic assessment. Going forward, the benchmark 10Y government bond yield will likely take its cues from economic data and trend lower in a gradual manner, in our opinion. The following table summarizes the movement in the bond market in and YTD basis: Asset Type Source: Bloomberg LP Yields as on 31, (%) Change in yields in (in basis points) YTD Change in yields (in basis points) 3M Treasury Bills Y Treasury Bill Y Government Bond Y Government Bond (New) Y AAA PSU Bond Y AAA PSU Bond Y AAA PSU Bond The following table also highlights trading ac vi es of key market par cipants in secondary market for government bonds, SDL and Treasury Bills in the month of : Category Source: Edelweiss Securi es Ltd. Nega ve numbers denote net selling. Amount in Rs. Crore. Outlook for August Government Bonds With announcement of a rate cut by the RBI, bond market par cipants will shi their focus on the incoming economic data in order to gauge the likely trajectory of headline infla on in the next three months. Recent increase in the prices of crude oil and metals may par ally offset by GST related slowdown and INR's rela ve apprecia on against the USD. We also believe that for the RBI, the bar for another rate cut will be significantly higher going forward. In that regards, the CPI will be the single most important economic indicator that will hold the key for another rate cut. If the CPI remains way below the RBI's projec on of 4% in Q4 of FY2018, it will likely open up some space for accommoda on. In the mean me, bond market par cipants will brace for a range-bound market condi ons in August. We expect 7-series government bonds to outperform liquid government bonds in August amid demands from Banks' HTM books. We also believe that the belly of the curve (5-10Y) segment has a poten al to do well in August amid lack of posi on building triggers and higher supply in liquid government bonds. Having said that, we remain construc ve on government bonds in the medium-term and target the benchmark 10Y government bond yields towards 6.25% in the mediumterm. SDL Treasury Bills Foreign Banks -1,740-1,146-9,554 PSU Banks -5,784-7,464 22,693 Private Banks -5,853 2,224-14,076 Mutual Funds 8,681 3,220 7,133 Others 15,326 8,277 3,168 Primary Dealers -10,631-5,110-9,363 3

6 ARBITRAGE Fund An open-ended equity scheme Equity Fund The investment objec ve of the Scheme is to generate income by predominantly inves ng in arbitrage opportuni es in the cash and the deriva ve segments of the equity markets and the arbitrage opportuni es available within the deriva ve segment and by inves ng the balance in debt and money market instruments. However, there is no assurance that the investment objec ve of the Scheme will be realized. TOP TWENTY EQUITY HOLDINGS as on 31, (Quantity fully hedged against derivative) Name of Instrument Industry % to Net Assets JSW Steel Ltd. Ferrous Metals 3.09% Dewan Housing Finance Corporation Ltd. Finance 2.46% Bharat Financial Inclusion Ltd. Finance 2.41% Sun TV Network Ltd. Media & Entertainment 2.38% Reliance Infrastructure Ltd. Power 2.01% DLF Ltd. Construction 1.92% Indiabulls Housing Finance Ltd. Finance 1.66% Century Textiles & Industries Ltd. Cement 1.47% Reliance Capital Ltd. Finance 1.47% Castrol India Ltd. Petroleum Products 1.45% Jindal Steel & Power Ltd. Ferrous Metals 1.39% The India Cements Ltd. Cement 1.30% Indiabulls Real Estate Ltd. Construction 1.29% IDFC Bank Ltd. Banks 1.24% Maruti Suzuki India Ltd. Auto 1.22% The Federal Bank Ltd. Banks 1.22% Infosys Ltd. Software 1.17% IDFC Ltd. Finance 1.14% Sun Pharmaceutical Ind Ltd. Pharmaceuticals 1.12% BEML Ltd. Industrial Capital Goods 1.08% SIP PERFORMANCE as on 31, If you had invested `10,000 every month Total Amount Invested 1,20,000 3,60,000 Total Value as on 31-Jul- 1,23,780 3,97,624 Returns 5.92% 6.57% Total Value of Nifty 50 Arbitrage Index 1,23,059 3,94,051 Total Value of Nifty 50 Index 1,36,500 4,34,380 Nifty 50 Arbitrage Index Returns 4.78% 5.96% Nifty 50 Index Returns 26.58% 12.60% For SIP returns, monthly investment of equal amounts invested on the 1st working day of every month. Past performance may or may not be sustained in future FUND PERFORMANCE as on 31, Portfolio analysis: Sector-Wise ASSET ALLOCATION as on 31, DIVIDEND HISTORY 10-Jul Jun-17 9-Feb Jan Dec-16 EDELWEISS ARBITRAGE Fund Asset alloca on (% of total) Rate (Rs/unit) Regular Plan Dividend Option dividend NAV A er payment of dividend, the NAV 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. (Inception Date - 27-Jun-14) (Nifty 50 Arbitrage Index) Additional (Nifty 50) 80% 70% 60% 50% 40% 30% 20% 10% Finance Banks Ferrous Metals Construc on Power Cement Pharmaceu cals Industrial Capital Goods Auto Ancillaries Media & Entertainment Auto So ware Petroleum Products Consumer Non Durables Construc on Project Industrial Products Consumer Durables Telecom - Services Non - Ferrous Metals Healthcare Services Tex le Products Gas Minerals/Mining Transporta on Oil Chemicals Pes cides Fer lisers Tex les - Co on Trading 0% 70.30% 5.39% 4.93% 4.83% 4.34% 3.56% 3.21% 3.19% 3.10% 3.02% 2.79% 2.51% 2.11% 1.89% 1.87% 1.36% 0.91% 0.87% 0.86% 0.80% 0.78% 0.75% 0.73% 0.71% 0.65% 0.57% 0.39% 0.26% 0.17% 0.04% 11.40% 10.37% 6.13% 10, % 10, % 10, % 11, % 12, % 12, % 12, % 13,051 NA NA NA NA NA NA NA NA 7.26% 12,425 NA NA 6.72% 12, % 13,420 NA NA 7.80% 12, % 12, % 13,420 Incep on Date 27-Jun-14 If the units are redeemed / switched out on or before 30 days from the date of allotment % If the Units are redeemed / switched out on a er 30 days from the date of allotment - Nil Rs. 5000/- per applica on & in mul ples of Re. 1/- therea er. Addi onal investment amount Rs. 1000/- per applica on & in mul ples of Re. 1/- therea er Equity Por on : : Mr. Bhavesh Jain Experience: 9 years Debt Por on : : Mr. Dhawal Dalal Experience: 20 years Mr. Bhavesh Jain Mr. Dhawal Dalal 27-Jun Dec-16 Quantitative indicators as on 31, Por olio Turnover Ra o ^ Please note: Since the Scheme has not completed 3 years Standard Devia on, Por olio Beta and Sharpe Ra o is not provided. ^ Lower of sales or purchase divided by average AUM for last rolling 12 months. Ratio as on 31, Total stocks in por olio 123 Top 10 stocks 20.32% Total Expense Ra os~: Regular Plan 1.05% Direct Plan 0.40% : Ni y 50 Arbitrage Index Direct Plan Dividend Op on Direct Plan Growth Op on Regular Plan Dividend Op on Regular Plan Growth Op on Rs. 2, Crore Rs. 2, Crore This product is suitable for investors who are seeking* To generate income by predominantly inves ng in arbitrage opportuni es. Investments predominantly in arbitrage opportuni es in the cash and deriva ve segments of the equity markets and the arbitrage opportuni es available within the deriva ve segment and by inves ng the balance in debt and money market instruments. * should consult their financial advisers if in LOW HIGH moderately low risk 1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan and Direct Plan of Edelweiss Arbitrage Fund. Returns are for Growth Op on only. Since Incep on returns are calculated on Rs. 10/- invested at incep on of the scheme. 2. The scheme is currently managed by Bhavesh Jain (managing this fund from June 27, 2014 ) and Mr. Dhawal Dalal (Managing this fund from December 22, 2016). Please refer page no. 30 & 31 for name of the other schemes currently managed by the s. 3. Based on standard investment of Rs 10,000 made in the beginning of the respec ve period. 6. For the performance of other Schemes managed by the s, please refer to the relevant scheme. 7. Since the scheme is in existence for more than 1 year but less than 5 years hence performance data for 5 years and more is not provided. 7.93% 13.72% Equi es Margin Deposits Debt Cash & Other receivables 4

7 EQUITY SAVINGS ADVANTAGE Fund An Open Ended Equity Scheme Formerly, JPMorgan India Equity Income Fund. As already no fied 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 Fund The investment objec ve of the scheme is to provide capital apprecia on and income distribu on to the investors by using equity and equity related instruments, arbitrage opportuni es, and investments in debt and money market instruments. However, there can be no assurance that the investment objec ve of the Scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns. TOP TWENTY EQUITY HOLDINGS as on 31, Name of Instrument Industry % to Net Assets HDFC Bank Ltd. Banks 3.99% Reliance Industries Ltd. Petroleum Products 3.03% Housing Development Finance Corp Ltd. Finance 2.69% ICICI Bank Ltd. Banks 2.29% ITC Ltd. Consumer Non Durables 1.87% Infosys Ltd. Software 1.63% Maruti Suzuki India Ltd. Auto 1.53% Larsen & Toubro Ltd. Construction Project 1.43% IndusInd Bank Ltd. Banks 1.18% State Bank of India Banks 1.12% Kotak Mahindra Bank Ltd. Banks 1.08% Tata Motors Ltd. Auto 0.91% Bharat Petroleum Corporation Ltd. Petroleum Products 0.82% Tata Consultancy Services Ltd. Software 0.80% Asian Paints Ltd. Consumer Non Durables 0.77% Axis Bank Ltd. Banks 0.73% Eicher Motors Ltd. Auto 0.68% Hindalco Industries Ltd. Non - Ferrous Metals 0.61% Britannia Industries Ltd. Consumer Non Durables 0.51% Dalmia Bharat Ltd. Cement 0.48% For SIP returns, monthly investment of equal amounts invested on the 1st working day of every month. Past performance may or may not be sustained in future FUND PERFORMANCE as on 31, Portfolio analysis: Market cap-wise 23.46% 32.75% 0.59% Portfolio analysis: Sector-Wise ASSET ALLOCATION as on 31, DIVIDEND HISTORY 20-June Feb Oct Jul Apr-16 Asset alloca on (% of total) Rate (Rs/unit) Regular Plan Dividend Option EDELWEISS EQUITY SAVINGS ADVANTAGE Fund 43.20% > Crs. INR Crs. INR Crs. INR 6500 Crs. INR Crs. INR < 6500 Crs. INR SIP PERFORMANCE as on 31, If you had invested `10,000 every month Total Amount Invested 1,20,000 Total Value as on 31-Jul- 1,28,368 Returns 13.25% Total Value of 70% CRISIL Liquid Fund Index + 30% Nifty 50 Index 1,24,785 Total Value of Nifty 50 Index 1,36,500 70% CRISIL Liquid Fund Index + 30% Nifty 50 Index Returns 7.51% Nifty 50 Index Returns 26.58% dividend NAV A er payment of dividend, the NAV 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. (70% CRISIL Liquid Fund Index + 30% Nifty 50 Index) Additional (Nifty 50) 80% 70% 60% 50% 40% 30% 20% 10% 0% (Inception Date - 13-Oct-14) 68.34% 12.90% 9.45% 9.31% 9.86% 10, % 11, % 10, % 11,665 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 8.34% 12,515 NA NA 8.66% 12, % 12,781 NA NA 8.79% 12, % 12, % 12,781 Banks Petroleum Products Consumer Non Durables Auto Finance So ware Construc on Project Gas Non - Ferrous Metals Cement Auto Ancillaries Consumer Durables Industrial Products Media & Entertainment Industrial Capital Goods Power Pharmaceu cals Minerals/Mining 0.71% 0.71% 0.58% 0.49% 0.36% 0.31% 0.29% 0.22% 0.19% 0.90% 0.84% Ferrous Metals (0.03%) 1.43% Equi es Cash & Other receivables Debt Margin Deposits Incep on Date 13-Oct-14 10% of the units allo ed shall be redeemed without any on or before comple on of 365 days from the date of allotment of units. Any redemp on in excess of such limit within 365 days from the date of allotment shall be subject to the following Exit Load: If redeemed or switched out on or before comple on of 365 days from the date of allotment of units 1.00% If redeemed or switched out a er comple on of 365 days from the date of allotment of units NIL Redemp on of units would be done on First in First out Basis (FIFO). Rs. 5,000/- per applica on and in mul ples of Re. 1/- therea er Addi onal investment amount Rs. 1,000/- per applica on and in mul ples of Re. 1/- therea er Equity Por on : : Mr. Amit Gadgil Experience: 15 years : Mr. Bhavesh Jain Experience: 9 years Debt Por on : : Mr. Dhawal Dalal Experience: 20 years Mr. Amit Gadgil 22-Mar-17 Mr. Bhavesh Jain Mr. Dhawal Dalal Quantitative indicators as on 31, Por olio Turnover Ra o^ 4.99 Please note: Since the Scheme has not completed 3 years Standard Devia on, Por olio Beta and Sharpe Ra o is not provided. ^ Lower of sales or purchase divided by average AUM for last rolling 12 months. Ratio as on 31, Total stocks in por olio 49 Top 10 stocks 20.76% Ac ve posi ve bets Total por olio 12.69% Note: Active positive bets are those where the fund has a higher weightage as compared to Nifty 50. Source: Bloomberg. Total Expense Ra os~: Regular Plan 1.50% Direct Plan 0.75% : 70% of CRISIL Liquid Fund Index and 30% in Ni y 50 Direct Plan Dividend Op on Direct Plan Growth Op on Regular Plan Dividend Op on Regular Plan Growth Op on Rs Crore Rs Crore This product is suitable for investors who are seeking* Income distribu on by inves ng in debt and money market instrument and arbitrage opportuni es. Long term capital apprecia on by using equity and equity related instruments. * should consult their financial advisers if in will be at Moderately High Risk 1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan and Direct Plan of Edelweiss Equity Savings Advantage Fund. Returns are for Growth Op on only. Since Incep on returns are calculated on Rs. 10/- invested at incep on of the scheme. 2. The scheme is currently managed by Amit Gadgil (managing this fund from March 22, ), Mr. Bhavesh Jain (Managing this fund from November 28, 2016 ) and Mr. Dhawal Dalal (Managing this fund from November 28, 2016). Please refer page no. 30 & 31 for name of the other schemes currently managed by the s. 3. Based on standard investment of Rs 10,000 made in the beginning of the respec ve period. 6. For the performance of other Schemes managed by the s, please refer to the relevant scheme. 7. Since the scheme is in existence for more than 1 year but less than 3 years hence performance data for 3 years and more is not provided. 2.69% 2.38% 3.12% 3.85% 3.75% 11.65% 5

8 DYNAMIC EQUITY ADVANTAGE Fund An open-ended equity scheme (Name of the Scheme was changed from Edelweiss Absolute Return Fund to Edelweiss Dynamic Equity Advantage Fund with effect from May 2, The Scheme is an equity - oriented Scheme. in the Scheme are not being offered any guaranteed / assured returns.) Equity Fund 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. TOP TWENTY EQUITY HOLDINGS as on 31, Name of Instrument Industry % to Net Assets HDFC Bank Ltd. Banks 6.04% IndusInd Bank Ltd. Banks 4.48% ITC Ltd. Consumer Non Durables 4.45% Reliance Industries Ltd. Petroleum Products 4.43% ICICI Bank Ltd. Banks 3.09% Yes Bank Ltd. Banks 2.78% Infosys Ltd. Software 2.28% Hindustan Unilever Ltd. Consumer Non Durables 2.23% Tata Consultancy Services Ltd. Software 2.13% Larsen & Toubro Ltd. Construction Project 2.09% HCL Technologies Ltd. Software 1.78% Indraprastha Gas Ltd. Gas 1.69% State Bank of India Banks 1.67% UPL Ltd. Pesticides 1.56% Marico Ltd. Consumer Non Durables 1.48% Eicher Motors Ltd. Auto 1.44% Britannia Industries Ltd. Consumer Non Durables 1.43% Tata Motors Ltd. Auto 1.43% Sun Pharmaceutical Ind Ltd. Pharmaceuticals 1.37% Natco Pharma Ltd. Pharmaceuticals 1.30% ASSET ALLOCATION as on 31, SIP PERFORMANCE as on 31, If you had invested `10,000 every month Total Amount Invested 1,20,000 3,60,000 6,00,000 Total Value as on 31-Jul- 1,33,275 4,20,448 8,16,204 Returns 21.24% 10.35% 12.27% Total Value of 60% Nifty 50 Index + 40% CRISIL Composite Bond Fund Index 1,32,244 4,30,233 8,16,719 Total Value of Nifty 50 Index 1,36,500 4,34,380 8,36,566 60% Nifty 50 Index + 40% CRISIL Composite Bond Fund Index Returns 19.55% 11.93% 12.29% Nifty 50 Index Returns 26.58% 12.60% 13.26% For SIP returns, monthly investment of equal amounts invested on the 1st working day of every month. Past performance may or may not be sustained in future FUND PERFORMANCE as on 31, 70% 60% 50% 40% 30% 20% 10% 0% 64.45% Asset alloca on (% of total) 18.43% Edelweiss Dynamic Equity Advantage Fund 12.09% 5.03% Equi es Cash & Other receivables Debt Margin Deposits (Inception Date - 21-Jan-13) INDUSTRY ALLOCATION- % of Equity Holdings DIVIDEND HISTORY 10-Jul May Jan Oct Jul Apr-16 Rate (Rs/unit) Regular Plan Dividend Option - Quarterly Portfolio analysis: Market cap-wise (60% Nifty 50 Index + 40% CRISIL Composite Bond Fund Index) dividend NAV A er payment of dividend, the NAV 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 > Crs. INR Crs. INR Crs. INR 6500 Crs. INR Crs. INR < 6500 Crs. INR Additional (Nifty 50) 13.38% 11, % 11, % 11, % 11, % 13, % 13, % 13, % 13, % 18,043 NA NA 12.50% 18, % 19, % 21,670 NA NA 10.20% 21, % 22,628 NA NA 13.16% 17, % 16, % 16,660 Banks Consumer Non Durables So ware Finance Pharmaceu cals Petroleum Products Auto Gas Pes cides Construc on Project Power Industrial Products Media & Entertainment Cement Auto Ancillaries 18.52% 35.94% 1.17% 1.03% 0.90% 0.89% 0.47% Inception Date 20-Aug-09 : 10% of the units allotted shall be redeemed without any on or before completion of 365 days from the date of allotment of units. Any redemption in excess of such limit within 365 days from the date of allotment shall be subject to the following : If redeemed or switched out on or before completion of 365 days from the date of allotment of units 1.00% If redeemed or switched out after completion of 365 days from the date of allotment of units NIL Redemption of units would be done on First in First out Basis (FIFO). : Rs. 1000/- per application & in multiples of Re. 1/- thereafter Additional investment amount Rs. 1000/- per application & in multiples of Re. 1/- thereafter : Mr. Bhavesh Jain Experience: 9 years Mr. Bhavesh Jain 7-Aug-13 Quantitative indicators as on 31, Standard deviation 8.10% Sharpe ratio** 0.49 Portfolio Beta 0.83 Portfolio Turnover Ratio^ 5.97 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, Total stocks in portfolio 54 Top 10 stocks 34.00% Active positive bets Total portfolio 42.27% Note: Active positive bets are those where the fund has a higher weightage as compared to Nity 50. Source: NSE, Bloomberg. Total Expense Ratios~: Regular Plan 2.55% Direct Plan 1.80% : 60% Nity 50 Index + 40% CRISIL Composite Bond Fund Index Direct Plan Dividend Option Direct Plan Growth Option Regular Plan Dividend Option Regular Plan Growth Option Rs Crore Rs Crore 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 * should consult their financial advisers if in moderately high risk LOW HIGH 1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan and Direct Plan of Edelweiss Dynamic Equity Advantage Fund. Returns are for Growth Op on only. Since Incep on returns are calculated on Rs. 10/- invested at incep on of the scheme. 2. The scheme is currently managed by Mr. Bhavesh Jain (Managing this fund from August 7, 2013). Please refer page no. 30 & 31 for name of the other schemes currently managed by the Fund Managers. 3. Based on standard investment of Rs 10,000 made in the beginning of the respec ve period. 6. For the performance of other Schemes managed by the s, please refer to the relevant scheme. 2.80% 2.74% 2.09% 4.14% 6.39% 5.55% 6.70% 9.84% 5.16% 11.06% 40.38% 20.09% 6

9 LARGE CAP ADVANTAGE Fund An open ended equity scheme (Name of the Scheme was changed from Edelweiss Top 100 Fund to Edelweiss Large Cap Advantage Fund with effect from May 2,.) Formerly, Edelweiss Diversified Growth Equity Top 100 (E.D.G.E Top 100) Fund. As already no fied 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, JPMorgan India Top 100 Fund was merged with Edelweiss Diversified Growth Equity Top 100 (E.D.G.E Top 100) Fund on and from close of business hours on November 25, 2016 with the surviving scheme s name as Edelweiss Large Cap Advantage Fund. Equity Fund The primary objective of the Scheme is 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 capitalisation, 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 as on 31, Name of Instrument Industry % to Net Assets HDFC Bank Ltd. Banks 8.93% Reliance Industries Ltd. Petroleum Products 6.54% IndusInd Bank Ltd. Banks 4.82% ITC Ltd. Consumer Non Durables 4.45% Infosys Ltd. Software 3.94% ICICI Bank Ltd. Banks 3.93% Yes Bank Ltd. Banks 3.43% Larsen & Toubro Ltd. Construction Project 3.20% Maruti Suzuki India Ltd. Auto 2.92% State Bank of India Banks 2.69% Kotak Mahindra Bank Ltd. Banks 2.52% Eicher Motors Ltd. Auto 2.50% Hindustan Unilever Ltd. Consumer Non Durables 2.09% Tata Motors Ltd. Auto 1.83% Petronet LNG Ltd. Gas 1.63% Gruh Finance Ltd. Finance 1.56% Kansai Nerolac Paints Ltd. Consumer Non Durables 1.52% Sun Pharmaceutical Ind Ltd. Pharmaceuticals 1.52% Indiabulls Housing Finance Ltd. Finance 1.25% Hindalco Industries Ltd. Non - Ferrous Metals 1.18% SIP PERFORMANCE as on 31, If you had invested `10,000 every month Total Amount Invested 1,20,000 3,60,000 6,00,000 Total Value as on 31-Jul- 1,37,015 4,42,674 8,99,338 Returns 27.44% 13.91% 16.21% Total Value of Nifty 50 Index 1,36,500 4,34,380 8,36,566 Total Value of S&P BSE Sensex 1,36,061 4,27,109 8,16,928 Nifty 50 Index Returns 26.58% 12.60% 13.26% S&P BSE Sensex Returns 25.85% 11.43% 12.30% For SIP returns, monthly investment of equal amounts invested on the 1st working day of every month. Past performance may or may not be sustained in future FUND PERFORMANCE as on 31, Since Inception - Plan B Since Inception - Plan C Scheme-Regular Plan INDUSTRY ALLOCATION- % of Equity Holdings DIVIDEND HISTORY Rate (Rs/unit) Regular Plan Dividend Option 27-Apr-17 9-Mar-15 8-Aug-14 6-Dec May-13 Edelweiss Large Cap Advantage Scheme - Plan Scheme - Plan C Consumer Non Durables Petroleum Products After payment of dividend, the NAV 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. Pharmaceu cals Construc on Project Industrial Capital Goods Consumer Durables Non - Ferrous Metals Transporta on Tex le Products Industrial Products Portfolio analysis: Market cap-wise (Nifty 50) dividend NAV Closed for subscrip on 13.57% Additional (S&P BSE Sensex) 15.84% 11, % 11, % 11, % 11, % 11, % 11, % 14, % 14, % 14, % 14, % 13, % 12, % 22, % 22, % 22,360 NA NA 14.01% 19, % 18, % 31,430 NA NA NA NA NA NA 11.03% 23, % 23,125 NA NA 15.05% 31,590 NA NA NA NA 11.03% 23, % 23,125 NA NA NA NA 14.87% 31,170 NA NA 11.03% 23, % 23,125 NA NA NA NA NA NA 16.12% 19, % 16, % 16,512 Banks Finance Auto So ware Gas Power Oil Pes cides Cement 38.60% 1.76% 1.63% 1.49% 1.18% 1.05% 1.02% 1.00% 0.99% 0.86% 0.75% 3.20% 2.43% > Crs. INR Crs. INR Crs. INR 6500 Crs. INR Crs. INR (Inception Date - 07-Jan-13) Inception Date 20-May-09 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 : Mr. Bharat Laho Experience: 11 years Mr. Bharat Lahoti 02-May-17 Rs. 1000/- per application & in multiples of Re. 1/- thereafter Additional investment amount Rs. 1000/- per application & in multiples of Re. 1/- thereafter Quantitative indicators as on 31, Standard deviation 13.51% Sharpe ratio** 0.51 Portfolio Beta 0.95 Portfolio Turnover Ratio^ 3.50 **Risk free rate of return (FIMMDA Overnight MIBOR) 6.25% Please note: Standard devia on and Sharpe ra o are annualized. ^ Lower of sales or purchase divided by average AUM for last rolling 12 months. Ratio as on 31, Total stocks in por olio 53 Top 10 stocks 44.86% Ac ve posi ve bets Total por olio 36.01% Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark Nifty 50. Source: Bloomberg Total Expense Ratios~: Regular Plan 1.30% Direct Plan 0.50% Plan B 1.30% Plan C 1.30% : Nifty 50 Direct Plan Dividend Op on Direct Plan Growth Option Regular Plan Dividend Option Regular Plan Growth Option Rs Crore Rs Crore This product is suitable for investors who are seeking*: To create wealth in the long term Investment predominantly in equity and equity related securities including equity derivatives of the 100 largest companies by market capitalization, listed in India. * should consult their financial advisers if in Moderately High Risk 1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan, Plan B, Plan C and Direct Plan of Edelweiss Large Cap Advantage Fund. Returns are for Growth Op on only. 2. The scheme is currently managed by Mr. Bharat Lahoti (Managing this fund from May 2, ). Please refer page no. 30 & 31 for name of the other schemes currently managed by the Fund Managers. 3. Based on standard investment of Rs 10,000 made in the beginning of the respec ve period. 6. For the performance of other Schemes managed by the s, please refer to the relevant scheme. 6.34% 5.85% 8.02% 7.99% 7.28% 12.78% 47.83% 26.33% 7

10 EQUITY OPPORTUNITIES Fund An open-ended equity growth scheme Formerly, JPMorgan India Equity Fund. As already no fied 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 Fund 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. TOP TWENTY EQUITY HOLDINGS as on 31, Name of Instrument Industry % to Net Assets HDFC Bank Ltd. Banks 8.60% Housing Development Finance Corp Ltd. Finance 5.88% Reliance Industries Ltd. Petroleum Products 5.76% ICICI Bank Ltd. Banks 5.49% Larsen & Toubro Ltd. Construction Project 4.35% Maruti Suzuki India Ltd. Auto 4.18% ITC Ltd. Consumer Non Durables 3.81% IndusInd Bank Ltd. Banks 3.68% Infosys Ltd. Software 3.49% State Bank of India Banks 2.90% Kotak Mahindra Bank Ltd. Banks 2.63% Tata Motors Ltd. Auto 2.26% Tata Consultancy Services Ltd. Software 2.09% Bajaj Finance Ltd. Finance 2.05% Britannia Industries Ltd. Consumer Non Durables 1.65% Power Grid Corporation of India Ltd. Power 1.64% Sterlite Technologies Ltd. Telecom - Equipment & Accessories 1.59% Yes Bank Ltd. Banks 1.57% Zee Entertainment Enterprises Ltd. Media & Entertainment 1.56% Kansai Nerolac Paints Ltd. Consumer Non Durables 1.49% SIP PERFORMANCE as on 31, If you had invested `10,000 every month Total Amount Invested 1,20,000 3,60,000 6,00,000 Total Value as on 31-Jul- 1,37,416 4,47,701 9,20,688 Returns 28.11% 14.70% 17.16% Total Value of S&P BSE 200 Index 1,37,083 4,46,998 8,81,472 Total Value of Nifty 50 Index 1,36,500 4,34,380 8,36,566 S&P BSE 200 Index Returns 27.56% 14.59% 15.39% Nifty 50 Index Returns 26.58% 12.60% 13.26% For SIP returns, monthly investment of equal amounts invested on the 1st working day of every month. Past performance may or may not be sustained in future FUND PERFORMANCE as on 31, EDELWEISS EQUITY OPPORTUNITIES Fund INDUSTRY ALLOCATION- % of Equity Holdings After payment of dividend, the NAV 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. (Inception Date - 1-Jan-13) Finance 11.01% Auto 8.35% Consumer Non Durables 7.53% Petroleum Products 6.75% So ware 5.57% Construc on Project 5.42% Consumer Durables 2.66% Cement 2.63% Industrial Products 2.18% Construc on 2.07% Pharmaceu cals 1.92% Power 1.64% Non - Ferrous Metals 1.63% Telecom - Equipment & Accessories 1.59% Media & Entertainment 1.56% Gas 1.42% Chemicals 1.31% Ferrous Metals 1.19% Industrial Capital Goods 0.73% Tex le Products 0.61% Auto Ancillaries 0.31% DIVIDEND HISTORY Portfolio analysis: Market cap-wise (S&P BSE 200) Rate (Rs/unit) Regular Plan Dividend Option 10-Jul Jun May Apr Mar dividend NAV Additional (Nifty 50) 17.04% 11, % 11, % 11, % 11, % 14, % 15, % 13, % 13, % 22,306 NA NA 15.68% 20, % 19, % 28,208 NA NA 9.60% 25, % 24,166 NA NA 17.17% 20, % 17, % 16, % 21.48% 6.53% Banks 58.89% 26.82% > Crs. INR Crs. INR Crs. INR 6500 Crs. INR Crs. INR < 6500 Crs. INR Inception Date 14-Jun-07 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 Head Equi es: Mr. Harshad Patwardhan Experience: 23 years : Mr. Amit Gadgil Experience: 15 years Mr. Harshad Patwardhan 14-Jun-07 Mr. Amit Gadgil 14-Jun-07 `5000/- per application & in multiples of `1/- thereafter Additional investment amount Rs. 1000/- per application & in multiples of ` 1/- thereafter Quantitative indicators as on 31, Standard deviation 13.79% Sharpe ratio** 1.02 Portfolio beta 0.59 Portfolio Turnover Ratio^ 1.26 **Risk free rate of return (FIMMDA Overnight MIBOR) 6.25% Please note: Standard devia on and Sharpe ra o are annualized. ^ Lower of sales or purchase divided by average AUM for last rolling 12 months. Ratio as on 31, Total stocks in por olio 49 Top 10 stocks 48.15% Ac ve posi ve bets Total por olio 39.44% Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark S&P BSE 200. Source: Bloomberg. Total Expense Ratios~: Regular Plan 2.54% Direct Plan 2.12% : S&P BSE 200 Direct Plan Dividend Op on Direct Plan Growth Option Regular Plan Dividend Option Regular Plan Growth Option Rs Crore Rs Crore This product is suitable for investors who are seeking*: Long-term capital growth. Investments predominantly in equity and equity related securities * should consult their financial advisers if in Moderately High Risk 1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan and Direct Plan of Edelweiss Equity Opportuni es Fund. Returns are for Growth Op on only. Since Incep on returns are calculated on Rs. 10/- invested at incep on of the scheme. 2. The scheme is currently managed by Harshad Patwardhan (managing this fund from June 14, 2007) and Mr. Amit Gadgil (Managing this fund from June 14, 2007). Please refer page no. 30 & 31 for name of the other schemes currently managed by the s. 3. Based on standard investment of Rs 10,000 made in the beginning of the respec ve period. 6. For the performance of other Schemes managed by the s, please refer to the relevant scheme. 8

11 MID AND SMALL CAP FUND An open-ended equity growth scheme Formerly, JPMorgan India Mid and Small Cap Fund. As already no fied 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 Emerging Leaders Fund was merged with JPMorgan India Mid and Small Cap Fund on and from close of business hours on November 25, 2016 with the surviving scheme s name as Edelweiss Mid and Small Cap Fund. Equity Fund The investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities focused on smaller companies. Generally, the universe will be the companies constituting the bottom fourth by way of market capitalization of stocks listed on the NSE or the BSE. The fund manager may from time to time include other equity and equity related securities outside the universe to achieve optimal portfolio construction. However, there can be no assurance that the investment objective of the scheme will be realised. TOP TWENTY EQUITY HOLDINGS as on 31, Name of Instrument Industry % to Net Assets Sterlite Technologies Ltd. Telecom - Equipment & Accessories 2.96% Kansai Nerolac Paints Ltd. Consumer Non Durables 2.84% The Federal Bank Ltd. Banks 2.56% City Union Bank Ltd. Banks 2.49% Cholamandalam Investment & Fin Co Ltd. Finance 2.25% Cadila Healthcare Ltd. Pharmaceuticals 2.17% Havells India Ltd. Consumer Durables 2.13% Vakangee Ltd. Software 2.11% Petronet LNG Ltd. Gas 2.04% Gruh Finance Ltd. Finance 2.04% Nbcc India Ltd. Construction 1.98% Vinati Organics Ltd. Chemicals 1.97% Equitas Holdings Ltd. Finance 1.94% IndusInd Bank Ltd. Banks 1.91% Pidilite Industries Ltd. Chemicals 1.82% Punjab National Bank Banks 1.77% Whirlpool of India Ltd. Consumer Durables 1.72% Supreme Industries Ltd. Industrial Products 1.70% Mahindra & Mahindra Financial Serv Ltd. Finance 1.63% Teamlease Services Ltd. Commercial Services 1.60% SIP PERFORMANCE as on 31, If you had invested `10,000 every month Total Amount Invested 1,20,000 3,60,000 6,00,000 Total Value as on 31-Jul- 1,37,522 4,75,497 11,55,012 Returns 28.29% 18.95% 26.55% Total Value of Nifty Free Float Midcap 100 Index 1,37,871 4,86,863 10,50,510 Total Value of Nifty 50 Index 1,36,500 4,34,380 8,36,566 Nifty Free Float Midcap 100 Index Returns 28.88% 20.64% 22.59% Nifty 50 Index Returns 26.58% 12.60% 13.26% For SIP returns, monthly investment of equal amounts invested on the 1st working day of every month. Past performance may or may not be sustained in future FUND PERFORMANCE as on 31, INDUSTRY ALLOCATION- % of Equity Holdings DIVIDEND HISTORY Rate (Rs/unit) Regular Plan Dividend Option EDELWEISS MID AND SMALL CAP Fund After payment of dividend, the NAV 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. (Inception Date - 1-Jan-3) Portfolio analysis: Market cap-wise dividend NAV 20-Mar Consumer Non Durables Telecom - Equipment & Accessories Hotels, Resorts and Other Recrea onal Ac vi es (Nifty Free Float Midcap 100) Additional (Nifty 50) 21.53% 22.26% 12, % 12, % 12, % 11, % 18, % 18, % 17, % 13, % 33,852 NA NA 20.88% 25, % 19, % 25,558 NA NA 7.94% 20, % 16,599 NA NA 26.17% 29, % 21, % 16,934 Finance Banks Consumer Durables Industrial Products Chemicals Construc on Auto Ancillaries Gas Cement Pharmaceu cals So ware Industrial Capital Goods Tex le Products Pes cides Commercial Services Construc on Project Auto Ferrous Metals Paper 41.61% 1.27% 1.16% 0.78% 0.52% 1.97% 1.60% 1.59% 3.21% 3.16% 2.96% 2.69% 15.52% 4.69% 4.68% 4.58% 4.44% 4.31% 5.77% 5.67% 7.83% 6.99% 21.33% 9.72% 12.86% > Crs. INR 6500 Crs. INR Crs. INR 3250 Crs. INR Crs. INR < 3250 Crs. INR Incep on Date 26-Dec-2007 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 a er 12 months from the date of allotment Nil Head Equi es: Mr. Harshad Patwardhan Experience: 23 years : Mr. Amit Gadgil Experience: 15 years Mr. Harshad Patwardhan 26-Dec-07 Mr. Amit Gadgil 26-Dec-07 `5000/- per application & in multiples of `1/- thereafter Additional investment amount Rs. 1000/- per application & in multiples of ` 1/- thereafter Quantitative indicators as on 31, Standard deviation 15.33% Sharpe ratio** 0.98 Portfolio Beta 1.00 Portfolio Turnover Ratio^ 1.38 **Risk free rate of return (FIMMDA Overnight MIBOR) 6.25% Please note: Standard devia on and Sharpe ra o are annualized. ^ Lower of sales or purchase divided by average AUM for last rolling 12 months. Ratio as on 31, Total stocks in por olio 65 Top 10 stocks 23.58% Ac ve posi ve bets Total por olio 68.98% Note: Active positive bets are those where the fund has a higher weightage as compared to the benchmark Nifty Free Float Midcap 100. Source: Bloomberg. Total Expense Ratios~: Regular Plan 2.46% Direct Plan 1.96% : Nifty Free Float Midcap 100 Direct Plan Dividend Op on Direct Plan Growth Op on Regular Plan Dividend Op on Regular Plan Growth Op on Rs Crore Rs Crore This product is suitable for investors who are seeking*: Long Term Capital Growth Investments predominantly in equity and equity related securities focused on smaller companies (generally,the universe will be the companies constituting the bottom fourth by way of market capitalization of stockslisted on the National Stock Exchange or Bombay Stock Exchange.) ^ * should consult their financial advisers if in ^The may from time to time include other equity and equity related securities outside the universe to achieve optimal portfolio construction LOW HIGH High Risk 1. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan and Direct Plan of Edelweiss Mid and Small Cap Fund. Returns are for Growth Op on only. Since Incep on returns are calculated on Rs. 10/- invested at incep on of the scheme. 2. The scheme is currently managed by Harshad Patwardhan (managing this fund from December 26, 2007) and Mr. Amit Gadgil (Managing this fund from December 26, 2007). Please refer page no. 30 & 31 for name of the other schemes currently managed by the s. 3. Based on standard investment of Rs 10,000 made in the beginning of the respec ve period. 6. For the performance of other Schemes managed by the s, please refer to the relevant scheme. 9