Sub: Rollover / Extension in Maturity of Edelweiss Income Fund Series 501, A 5 Years Close Ended Income Scheme

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1 July 13, 2017 Dear Investor, Sub: Rollover / Extension in Maturity of Edelweiss Income Fund Series 501, A 5 Years Close Ended Income Greetings from Edelweiss Mutual Fund! At the outset, we wish to thank you for having invested with us. Edelweiss Income Fund Series 501 ( the ) is a 5 years close ended income scheme of Edelweiss Mutual Fund ( the Fund ) with an investment objective to generate income through investments in Debt Securities/ money market instruments and Government of India Securities ( GoI Securities ) maturing on or before the maturity date of the. However, there can be no assurance that income can be generated, regular or otherwise, or that the investment objective of the will be realized. The portfolio of the as on June 30, 2017 is provided at Annexure I. As on July 11, 2017, the AUM of the was Rs crores and the NAVs of the as on July 11, 2017 were as under: i) Edelweiss Income Fund Series Regular Plan: Growth Option: Rs Dividend Payout Option: Rs The Board of Directors of Edelweiss Trusteeship Company Limited, Trustees to the Fund and Edelweiss Asset Management Limited, the Investment Manager to the Fund, has decided in accordance with the proviso to Regulation 33(4) of SEBI (Mutual Funds) Regulations, 1996 to rollover / extend the maturity of the, which is due for maturity on Monday, July 31, 2017 ( Existing Maturity Date ). In accordance with the provisions laid under Regulation 33(4) of the Securities and Exchange Board of India (Mutual Funds) Regulation, 1996, as amended till date, it is proposed to extend the maturity of the, for a period of 623 days. The features of the proposed rollover / extension are as follows: Particulars Existing Provisions Modified Provisions Existing Monday, July 31, 2017 N.A. Maturity Date Period of N.A. 623 days Rollover / Extension Extended Maturity Date N.A. Monday, April 15, 2019* *Or immediately succeeding Business Day, if that day is not a Business Day

2 Reason for Rollover Product Label N.A. Edelweiss Income Fund Series 501 ( the ) is a 5 years close ended income scheme. The proposed rollover/extension of maturity by 623 days is to continue to benefit from the prevailing yields in the fixed income market taking into consideration the current economic and regulatory environment. This product is suitable for investors who are seeking*: income over short to medium term. investment in Debt Securities, Money Market Instruments and Government of India Securities. Investors understand that their principal will be at Moderate risk. *Investors should consult their, financial advisers if in doubt about whether the product is suitable for them. Investors are also advised to consult their tax and legal advisers in relation to the proposed rollover. Asset Allocation Pattern of the Existing Asset Allocation Pattern: Instrument Indicative Allocation Risk Profile Money Market Instruments Debt Securities and GoI Securities 0%-20% Low 80% - 100% Medium Asset Allocation Pattern post rollover: Instrument Indicative Allocation (% of Total Assets) Risk Profile Debt & 0-100% Low to Money Market Medium Instruments

3 Intended Portfolio Allocation of the The shall invest in various instruments as mentioned in the matrix below with the ratings mentioned against the type of instrument. As per SEBI circular no. Cir/IMD/DF/12/2011 dated August 1, 2011, the is allowed to invest within a range of 5% of the intended debt allocation (floor and cap) against each sub asset class / credit rating. a) Floors and ceilings within a range of 5% of the intended debt allocation against each sub asset class / credit rating will be as follows: Instrument AAA AA A1+ Not Applicable Non- Convertible Debentures % Cash and % Cash equivalent b) Securities with rating AA shall include AA+ and AArespectively. c) Positive variation in investment towards higher credit rating in the same instrument shall be allowed. d) In case of non-availability of and taking into account the risk reward analysis of Commercial Papers, Non-Convertible Debentures, the may invest in Government Securities having residual maturity upto the term of the, Certificate of Deposits (AAA/A1+), Collateralized Borrowing and Lending Obligation and REPO (lending by Mutual Fund). e) At the time of building up the portfolio post NFO and towards the maturity of the, there may be a higher allocation to cash and cash equivalent / units of liquid schemes of mutual funds. f) All investment shall be made based on the ratings prevalent at the time of investment. However, in case of an instrument having dual ratings, the most conservative publicly available rating would be considered. g) In the event of any deviations below the minimum limits or beyond the maximum limits the Fund Manager shall review and rebalance the portfolio within 30 days from the date of said deviation. There shall be no variation between the intended portfolio allocation and the fi nal portfolio allocation except the exceptions mentioned in c, d, e, g above. The shall invest only in Debt Securities with credit rating of AA- and above. Floors and ceilings within a range of 5% of the intended allocation against each sub class of asset: i) Floors and ceilings within a range of 5% of the intended debt allocation against each sub asset class / credit rating will be as follows: Instrument AA A1+ Not Applicable Commercial - 0-5% - Papers Certificate of - 0-5% - Deposits Non- Convertible 45-50% - - Debentures/Bo nds GOI Securities % / Treasury Bills / SDL Cash and Cash Equivalent like CBLO / Units of Liquid Fund % ii) Securities with rating AA shall include AA+ and AA-. iii) Positive variation in investment towards higher credit rating in the same instrument shall be allowed. iv) In case of non-availability of suitable Non-Convertible Debentures, the may invest in Commercial Papers in the interest of investors. v) In case of non-availability of suitable Commercial Papers, the may invest in Bank Certificate of Deposit in the interest of investors. vi) In case of non-availability of suitable Bank Certificate Deposits, the may invest in Government Securities / Treasury Bill / SDL. vii) At the time of building up the portfolio post rollover or towards the end of the maturity of the, there may be a higher allocation to cash and cash equivalent / units of liquid schemes of mutual funds. viii) All investment shall be made based on the ratings prevalent at the time of investment. However, in case of an instrument having dual ratings, the most conservative publicly available rating would be considered. ix) In the event of any deviations below the minimum limits or beyond the maximum limits, the Fund Manager shall review and seek to rebalance the portfolio within 30 days from the date of the said deviation. However, if market conditions are not conducive for the Fund Manager to rebalance the portfolio of the within the stipulated period of 30 days, suitable justification shall be provided to the Investment Committee. x) The shall not: (a) invest in any foreign securities; (b) invest in derivatives and credit default swaps; (c) engage in stock lending & borrowing and short selling; (d) invest in asset backed securities; (e) invest in loan pass through certificates; (f) invest in mortgage backed securities; (g) invest in structured obligations; (h) invest in unrated instruments; (i) invest in securitized debt; (j) invest in gems & jewellery sector; (k) invest in textile sector; and (l) invest in usance bills and (m) invest in repos / reverse repos of corporate bond securities.

4 Benchmark of the Liquidity CRISIL Composite Bond Fund Index No redemption / repurchase of units shall be allowed prior to the maturity of the. Unitholders who wish to exit may do so through the stock exchange mode. The is listed on the National Stock Exchange. All other terms and conditions of the would remain unchanged after the rollover/extension of maturity of the. The rollover/ extension of the maturity of the shall be applicable for those investors who expressly provide their written consent to Edelweiss Mutual Fund and/or Edelweiss Asset Management Limited by signing the consent form as provided at Annexure - II and submitting the same on or before 3:00 pm on Monday, July 31, 2017 at the official Points of Acceptance of Edelweiss Asset Management Limited. Alternatively, you may also provide your consent to rollover by sending an to trx.amc@edelweissfin.com from your registered address in the folio, clearly mentioning your Name, Folio Number and /Plan. After the roll over / extension of maturity of the, existing subscription details of the units under the viz. plan, option, etc., shall remain unchanged. In case you do not wish to roll over / extend the maturity of your units in the, your units will be automatically redeemed in full at the applicable NAV on Existing Maturity Date. A Notice cum Addendum published in this regard giving details of the rollover of the is attached as Annexure III. Unitholders willing to rollover their investment in the can choose any one of the following two options to rollover the investment: Option A Option B Rollover to the Extended Maturity Date. Switch in full at the applicable NAV on Existing Maturity Date Instructions to the investors for filling the consent form: You and the other unitholders in your account if any must clearly and unambiguously indicate the Option for rollover in the consent form if you wish to rollover. In the absence of such clear and unambiguous instructions (eg. if you submit the signed consent form but do not choose any of the options, or if both the options are chosen, it will be assumed that you have opted for the default option, i.e. Rollover to the Extended Maturity Date. In respect of units which are pledged and Edelweiss Mutual Fund and/or Edelweiss Asset Management Limited has been instructed to mark a lien on such units, the consent form should be accompanied with a no-objection from the person in whose favor the lien is marked. In the event Edelweiss Mutual Fund and/or Edelweiss Asset Management Limited receives multiple request with respect to rollover of the and such requests are conflicting in nature (eg. request for rollover and also for redemption), Edelweiss Mutual Fund and Edelweiss Asset Management Limited will consider the last received request in supersession of all the previous request and process accordingly. Edelweiss Trusteeship Company Limited and Edelweiss Asset Management Limited as the Trustee and the Asset Management Company of Edelweiss Mutual Fund reserve the right to change / modify the provisions mentioned in this letter at a later date.

5 For any further information or clarifications, kindly contact our Investor Service Officer, Mr. Mayur Jadhav at Our phone lines are also available to assist you between 9 a.m. to 7 p.m. from Monday to Saturday on (Toll free BSNL/MTNL lines only) or (non MTNL/BSNL lines and mobile phone users). Alternatively, you can also us at e m f h e l e d e l w e i s s f i n. c o m or visit our website We thank you for your patronage and do hope that we shall continue to have the privilege to serve you. Yours faithfully, For Edelweiss Asset Management Limited Radhika Gupta Chief Executive Officer

6 Annexure I Portfolio of Edelweiss Income Fund Series 501 as on June 30, 2017 PORTFOLIO STATEMENT OF EDELWEISS INCOME FUND - SERIES 501 AS ON JUNE 30, 2017 (A 5 years close ended income scheme) Name of the Instrument ISIN Rating/Industry Quantity Market/Fair Value(Rs. In Lacs) % to Net Assets Equity & Equity related NIL NIL Debt Instruments (a)listed / Awaiting listing on stock Exchanges IDFC BANK LTD ZCB RED ** INE092T08030 ICRA AAA 2,400,000 2, % 9.4% RURAL ELEC CORPN NCD RED ** INE020B08757 CRISIL AAA 2,100,000 2, % Sub Total 4, % (b)privately Placed/Unlisted 9.87% TATA SONS LTD NCD RED #** INE895D08469 CRISIL AAA 3,000,000 3, % Sub Total 3, % (c)securitised Debt Instruments Sub Total NIL NIL TOTAL 7, % Investment in Mutual fund EDELWEISS LIQUID FUND - DIRECT PL -GR INF843K01AX5 40,552,265 8, % TOTAL 8, % CBLO / Reverse Repo Clearing Corporation of India Ltd. 1, % Sub Total 1, % TOTAL 1, % Net Receivables/(Payables) % GRAND TOTAL 17, % # Unlisted Security ** Thinly Traded / Non Traded Security Total Non Performing Assets (NPA) provided for and its percentage to NAV : Nil

7 Annexure II Rollover Consent / Switch Form Rollover Request Consent form for rollover/extending the maturity date of Edelweiss Income Fund - Series 501 (A 5 years Close ended Income ) for a duration of 623 days from July 31, 2017 to April 15, I / We give my consent to extend the Maturity of the units held by me in Edelweiss Income Fund Series 501 from July 31, 2017 to April 15, The details of holding is mentioned below Folio No. (The details in our records under the Folio number mentioned will apply) DEMAT ACCOUNT NO. NSDL / CDSL DP Name : DP ID : Beneficiary Account No. : Switch Request I wish to Switch all units held by me in scheme Edelweiss Income Fund Series 501 on Maturity to the below mentioned scheme. Folio Number - To - Dividend Sweep to - I/We hereby agree and confirm that the declaration(s) furnished by me / us to Edelweiss Mutual Fund / Edelweiss Asset Management Limited / Edelweiss Trusteeship Limited under the initial Application Form for the shall continue to be binding on me / us in respect of this Application for extending the maturity date or Switching of units to other scheme. Signature(s) [Please sign as per mode of holding] Sole / 1st Unit Holder 2nd Unit Holder 3rd Unit Holder Note: The Rollover/Advance Switch form can be submitted either at the nearest branch of Edelweiss Asset Management Limited or at any of the Investor service centers of Karvy Computershare Private Limited. The duly filled application for re-setting the maturity date request should be submitted at the Official Points of Acceptance of Edelweiss Asset Management Limited ( AMC ) on or before 3:00 pm on Friday, July 31, 2017.

8 Annexure - III Tower 3, Wing B, Ground Floor, Kohinoor City Mall, Kohinoor City, Kirol Road, Kurla(W), Mumbai NOTICE CUM ADDENDUM FOR ROLLOVER / EXTENSION OF MATURITY OF EDELWEISS INCOME FUND SERIES 501 (A 5 YEARS CLOSE ENDED INCOME SCHEME) NOTICE is hereby given that Edelweiss Trusteeship Company Limited, the Trustee to Edelweiss Mutual Fund, has decided in accordance with the proviso to Regulation 33(4) of SEBI (Mutual Funds) Regulations, 1996, to rollover / extend the maturity of Edelweiss Income Fund - Series 501 ( the ), which is due for maturity on Monday, July 31, The terms and features of the proposed rollover / extension are as follows: Existing Maturity Date Period of Rollover / Extension Extended Maturity Date Reason for Rollover Intended Asset Allocation Pattern of the Intended Porfolio Allocation of the Monday, 31 st July days Monday, 15 th April 2019* *Or immediately succeeding Business Day, if that day is not a Business Day The purpose of the rollover / extension of maturity is to continue to benefit from the prevailing yields in the fixed income market taking into consideration the current economic and regulatory environment. Asset Allocation Pattern post rollover: Instrument Indicative Allocation (% of Total Assets) Risk Profile Debt & Money Market Instruments 0-100% Low to Medium Floors and ceilings within a range of 5% of the intended allocation against each sub class of asset: i) Floors and ceilings within a range of 5% of the intended debt allocation against each sub asset class / credit rating will be as follows: Benchmark of the Liquidity ii) iii) iii) iv) Instrument AA A1+ Not Applicable Commercial Papers 0-5% Certificate of Deposits 0-5% Non-Convertible Debentures/Bonds 45-50% GOI Securities / Treasury Bills / SDL 55-60% Cash and Cash Equivalent like CBLO / Units of Liquid Fund 0-5% Securities with rating AA shall include AA+ and AA-. Positive variation in investment towards higher credit rating in the same instrument shall be allowed. In case of non-availability of suitable Non-Convertible Debentures, the may invest in Commercial Papers in the interest of investors. In case of non-availability of suitable Commercial Papers, the may invest in Bank Certificate of Deposit in the interest of investors. v) In case of non-availability of suitable Bank Certificate Deposits, the may invest in Government Securities/ Treasury Bill / SDL. vi) vii) At the time of building up the portfolio post rollover or towards the end of the maturity of the, there may be a higher allocation to cash and cash equivalent / units of liquid schemes of mutual funds. All investment shall be made based on the ratings prevalent at the time of investment. However, in case of an instrument having dual ratings, the most conservative publicly available rating would be considered. viii) In the event of any deviations below the minimum limits or beyond the maximum limits, the Fund Manager shall review and seek to rebalance the portfolio within 30 days from the date of the said deviation. However, if market conditions are not conducive for the Fund Manager to rebalance the portfolio of the within the stipulated period of 30 days, suitable justification shall be provided to the Investment Committee. ix) The shall not: (a) invest in any foreign securities; (b) invest in derivatives and credit default swaps; (c) engage in stock lending & borrowing and short selling; (d) invest in asset backed securities; (e) invest in loan pass through certificates; (f) invest in mortgage backed securities; (g) invest in structured obligations; (h) invest in unrated instruments; (i) invest in securitized debt; (j) invest in gems & jewellery sector; (k) invest in textile sector; (l) invest in usance bills and (m) invest in repos / reverse repos of corporate bond securities. CRISIL Composite Bond Fund Index No redemption / repurchase of units shall be allowed prior to the extended maturity of the. Unitholders who wish to exit may do so through the stock exchange mode. The is listed on the National Stock Exchange. All other terms and conditions of the would remain unchanged after the rollover/extension of maturity of the. The rollover/ extension of the maturity of the shall be applicable for those investors who expressly provide their written consent to Edelweiss Mutual Fund and/or Edelweiss Asset Management Limited by signing the consent form and submitting the same on or before 3:00 pm on Monday, July 31, 2017 at the official Points of Acceptance of Edelweiss Asset Management Limited. Alternatively, you may also provide your consent to rollover by sending an to trxn.amc@edelweissfin.com from your registered address in the folio, clearly mentioning your Name, Folio Number and /Plan. The communication to seek consent for roll over / extension of maturity of the along with material terms and features of the roll over / extension of maturity of the are being sent the unitholders of the. The communication is also available on our website at After the roll over / extension of maturity of the, existing subscription details of the units under the viz. plan, option, etc., shall remain unchanged. In case you do not wish to roll over / extend the maturity of your units in the, your units will be automatically redeemed in full at the applicable NAV on Existing Maturity Date. The is listed on National Stock Exchange of India Limited (NSE) and shall be suspended for trading on NSE from the Existing Maturity Date as mentioned above. The units of the will be made available for trading on NSE only after completion of rollover of the. In view of the individual nature of legal, financial and tax implications, each unit-holder is advised to consult his or her own tax advisors / financial advisors /legal advisors before redeeming his or her units or consenting to extension of maturity of the. Edelweiss Trusteeship Company Limited and Edelweiss Asset Management Limited as the Trustee and the Asset Management Company of Edelweiss Mutual Fund reserve the right to change / modify the provisions mentioned in this Notice at a later date. This notice cum addendum shall form an integral part of the Information Document (SID) / Key Information Memorandum (KIM) of the as amended from time to time. All other features and terms and conditions as mentioned in the SID & KIM of the will remain unchanged. Place: Mumbai Date: July 12, 2017 For Edelweiss Asset Management Limited (Investment Manager to Edelweiss Mutual Fund) Sd/- Radhika Gupta Chief Executive Officer For more information please contact: Edelweiss Asset Management Limited (Investment Manager to Edelweiss Mutual Fund) CIN: U65991MH2007PLC Registered Office: Edelweiss House, Off C.S.T Road, Kalina, Mumbai Corporate Office: Tower 3, Wing B, Ground Floor, Kohinoor City Mall, Kohinoor City, Kirol Road, Kurla (W), Mumbai , Maharashtra Tel No: / , Toll Free No (MTNL/BSNL), Non Toll Free No , Fax: , Website: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.