edelweiss absolute return fund* · more aggressive investors could start sip-ing into ......

Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) & Scheme Information Document (SID) of the scheme carefully before investing.

Factsheet | December 2010

Edelweiss Absolute Return Fund*(An Open Ended Equity Scheme)*The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.

Presenting.....

For more details on Edelweiss Absolute Return Fund please refer page 2

with low volatility• Endeavors to offer consistent returns

• A multi-strategy approach

Edelweiss A.R. Fund - Growth 13.33 10.65 4.95 4.64

#CRISIL MIP Blended Index 7.00 8.28 2.51 2.73

S&P CNX Nifty 17.95 26.46 16.17 17.58

**1 Year Since 1 Year Since Inception Inception

Performance of Edelweiss A.R. Fund^As on December 31, 2010 Returns (%) **Volatility in (%)

Past performance may or may not be sustained in future.#Benchmark*Inception Date is August 20, 2009.

^Returns are compounded annualized (CAGR).** Volatility is annualised standard deviation of daily returns.

as on December 31, 2010Portfolio Constituents

Cash & Cash Equivalent

Equity & Equity Related

Money Market Instruments

Edelweiss A.R. Fund is a multi-strategy approach offering returns through equity investments and participation in the corporate events while it endeavors to offer safety because of the following :

Three separate independent strategies present a genuine diversification.

Part of the corpus is invested in low risk strategies such as fixed income and arbitrage.

The equity component is actively hedged.

Low Risk Books • Cash Futures Arbitrage Strategies• Fixed Income

Directional Trading • Managing Equity exposure based on market opportunity• Effective risk mitigation and monitoring processes

Special Situations Various corporate events like:• Open offers • De-listing

EDELWEISS A.R.FUND

What is Edelweiss A.R. Fund ? How do we implement our multi - strategy approach ?The Fund endeavors to provide consistent returns with low volatility by using a combination of three strategies to deliver this low risk profile. These are:

Low Risk Strategies where the Fund invests in fixed income instruments and arbitrage opportunities in cash / stock futures market.

Corporate events where the Fund seeks to take advantage of events such as IPOs, mergers, open offers etc.

Diversified equity portfolio which is monitored and hedged actively.

Risk Factors: Edelweiss Absolute Return Fund is only the name of the scheme and does not in any manner indicate either the quality of the scheme, its future prospects and return. The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond the initial contribution of `1,00,000/- made by it towards setting up Edelweiss Mutual Fund. Investors are not being offered any guaranteed / assured returns under any scheme of Edelweiss Mutual Fund. The recipient of this material are advised to rely on their own investigations and take their own professional advice.

How should you use Edelweiss A.R. Fund ?

As a core component of a portfolio that seeks returns higher than debt, for investors who are averse to the risk of pure equity products.

When deploying a large lump sum in the Indian equity markets.

When your risk profile or funding needs do not permit too much of capital erosion.

67.30%

13.43%

19.27%

* The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.

Edelweiss Absolute Return Fund(An Open Ended Equity Scheme)(formerly Edelweiss Absolute Return Equity (ARE) Fund). The name of the scheme has changed with effect from Jan 1, 2011

Markets & Beyond....

Glancing back at 2010, there are a few stand-out features. The first is the tightening that began in March with the government first looking to normalize rates and now increasingly tighten as inflation takes center stage. The second is the turmoil in the mutual fund industry that began in August and continued till the end of the year. A third feature, and the least noticed, was the continued improvement in credit quality in India. After several years, credit upgrades outnumbered downgrades significantly.

Going forward, the issues in mutual fund industry seem to have been resolved, credit is likely to improve in 2011, but inflation will continue to be a major issue in 2011. Risk in terms of uncertainty about interest rates is high, risks to to conservative credit positions are low. The risk premium for credit has already started coming down, but there is some juice in that tank as of now.

As a quick recap, at the beginning of 2010, short term rates were extremely low, inflation was beginning to move up but the expectation was that a mixture of a normal monsoon and the base effect would reduce inflation to tolerable levels by the second half of the year.

The monsoon came, and it was a great monsoon, the base effect swung into action, but inflation remained persistently above the levels that pundits had forecast or levels that the RBI is comfortable with. In August/September the RBI definitively declared that it was no longer comfortable with inflation dynamics, but would look to act if inflation did not fall in line by March 2011 – with 6% as the upper bound for inflation. The RBI has set out two milestones now – time and level – if by March 2011, inflation does not fall to around 6%, expect action on the rate front as well as the liquidity front.

Rates incorporate this view (it is a smart active) with longer term rates at levels from which mean reversion has historically taken place over the last few years other than 2008. From here onwards, rates will follow inflation driven data. As an investor we would recommend that conservative investors should look at taking active duration calls only as the inflation picture becomes clear. More aggressive investors could start SIP-ing into long duration funds.

In the meantime waiting at the short end and taking some selective credit calls is a rewarding position.

Many years later a label that will be attached to 2010 will be an ‘Average Year’. The key market indices returned around 16%, close to long term averages, there were no spectacular crashes and consequently, no heart-warming recoveries. Averages, like most statistics rarely tell the complete truth and, if one were to look at the year it was a tale of two dramatic halves with the one consistent feature that overseas investors continued to invest aggressively into India while domestic investors adopted a more cautious approach.

In the first half when India was a shining star, despite the issues in Europe, local confidence was high and steady inflows continued with a business friendly budget providing the final thrust for markets to do well. Despite two corrections in the first half of around 10%, the market was strong. Broader indices did much better than the NIFTY and the Sensex with sectors such as Auto, Banking and select FMCG companies leading the way. Growth consistently surprised on the upside with GDP growth numbers coming in above expectations.

The second half saw a series of changes emerge – scams of every shade and hue broke out, some skeletons from the past, while others were more current. Growth continued to be strong, and the market continued its march upwards. Yet, under the broader behavior of the markets, some changes were stark. Outside the top 50 companies, even large companies in the NIFTY Junior and NIFTY Midcap fared poorly. Within the larger companies, the spread of performance between interest rate sensitive companies and others widened dramatically.

Now as we enter 2011 we believe that the market is building in a limited degree of further tightening, but within the context of a strong growth environment. Typically interest rates impact markets in two ways – they

decrease the value of future cash flows and can also decrease the cash flow itself if tightening goes to the next level. The market has discounted to some degree the first, but not the second – and the appropriateness of that view may well turn out to be the key factor for 2011.

Valuations are above average, though below peak leaves the underlying

economic growth story in India continues to be very strong. The first half of 2011 may be volatile as un-certainty works its way out of the system but in aggregate 2011 will throw up significant opportunity and corrections are likely to be short lived in nature. Investors who want to look at less volatile investment options should consider Absolute Return schemes.

DEBT MARKET OUTLOOK:

EQUITY MARKET OUTLOOK:

4

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8

9

10

Jan

-05

Mar

-05

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-05

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-11

10 year G-Sec yields

-0.5

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1.5

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2.5

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r-1

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-11

NBFC 3M spread over T-bills

05

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Mar

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ay Jul

Sep

Nov Ja

nM

arM

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Sep

Nov Ja

n1

1

0

5

10

15

20

25

30Nifty P/E

Industry Allocation

As on December 31, 2010

Notes:**Total Exposure to illiquid securities is 0.00% of the portfolio;i.e. `0.00 lakh. Fixed Deposit placed under margin : `250 (in Lakhs). Total Exposure to derivative instruments (excluding reversed positions) as on 31/12/2010 : ` 588.18 (in Lakhs).

ABSOLUTE RETURN Fund*

Edelweiss Absolute Return Fund - Growth

CRISIL MIP Blended Index

Fund Performances VS Benchmark Index

Portfolio

EQUITY & EQUITY RELATED 67.30Listed / awaiting listing on the stock exchanges

Auto

Auto Ancillaries

Banks

Cement

Construction Project

Consumer Non Durables

Diversified

Ferrous Metals

Finance

Tata Motors 2.43Eicher Motors 0.75Maruti Suzuki India 0.43

Igarashi Motors India 0.08

HDFC Bank 3.08ICICI Bank 2.90Axis Bank 1.82State Bank of India 1.43Central Bank of India 1.42Andhra Bank 1.36Bank of Baroda 1.32Oriental Bank of Commerce 0.58IDBI Bank 0.50Indian Bank 0.36Corporation Bank 0.35Syndicate Bank 0.29The Federal Bank 0.29

ACC 0.13

Larsen & Toubro 2.55

ITC 2.44Titan Industries 0.81Nestle India 0.73Godrej Consumer Products 0.61United Breweries 0.51GlaxoSmithKline Consumer Healthcare 0.35Pioneer Distilleries 0.32

Hindustan Unilever 2.96

Bhushan Steel 0.29

Housing Development Finance Corporation 2.23Mahindra & Mahindra Financial Services 0.87Bajaj Holdings & Investment 0.51Power Finance Corporation 0.29

Name of Instrument % to Net Assets Name of Instrument % to Net Assets Name of Instrument % to Net Assets

Gas

Healthcare Services

Industrial Products

Petroleum Products

Pharmaceuticals

Software

Trading

Listed / awaiting listing on the stock exchanges: Reversed Positions

Auto Ancillaries

Banks

Cement

Construction

Ferrous Metals

BOC India 0.28

Apollo Hospitals Enterprise 0.70

Cummins India 1.48

Reliance Industries 3.83Essar Oil 0.29

Glenmark Pharmaceuticals 0.77Aurobindo Pharma 0.70Ranbaxy Laboratories 0.44Lupin 0.38Biocon 0.28

Infosys Technologies 3.27Tata Consultancy Services 3.12HCL Technologies 0.86

Adani Enterprises 1.52

Apollo Tyres Jan 2011 -0.91Apollo Tyres 0.90

IDBI Bank Jan 2011 -0.37IDBI Bank 0.37Yes Bank Jan 2011 -1.07Yes Bank 1.06

Jaiprakash Associates Jan 2011 -0.91Jaiprakash Associates 0.91

Indiabulls Real Estate Jan 2011 -0.94Indiabulls Real Estate 0.94IVRCL Infrastructures & Projects Jan 2011 -1.64IVRCL Infrastructures & Projects 1.62

JSW Steel Jan 2011 -1.33JSW Steel 1.32

Industrial Capital Goods

Petroleum Products

Power

Transportation

DERIVATIVES

MONEY MARKET INSTRUMENT 13.43Certificate of Deposit**A1+

P1+

OTHERS 19.27Cash & Cash EquivalentsFixed Deposit (Unrated)

GRAND TOTAL 100.00

Praj Industries Jan 2011 -1.15Praj Industries 1.14

Aban Offshore Jan 2011 -1.15Aban Offshore 1.15

Hindustan Petroleum Corporation Jan 2011 -0.98Hindustan Petroleum Corporation 0.97Reliance Industries Jan 2011 -1.20Reliance Industries 1.19

GVK Power & Infrastructure Jan 2011 -2.06GVK Power & Infrastructure 2.04

Kingfisher Airlines Jan 2011 -0.78Kingfisher Airlines 0.78

Index FutureNIFTY Index Future Jan 2011 -11.10

Allahabad Bank 11.21

Punjab National Bank 2.22

IDBI Bank 1.13Citibank N.A. 1.13Citibank N.A. 1.13Citibank N.A. 1.13Citibank N.A. 0.56Citibank N.A. 0.56

CBLO / Reverse Repo Investments 3.40Net Receivable/Payable 10.24

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is August 20, 2009. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option only Performance of the dividend option for the investor would be net of the dividend distribution tax, as applicable. Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR). Source: www.mutualfundsindia.com

NAV as on December 31, 2010 ` Per Unit

Growth Option 11.48Dividend Option 11.48

6.00

13.33

10.65

3.89

7.008.28

0

2

4

6

8

10

12

14

6 month 1 Year Since inception

* The Scheme is an equity - oriented scheme. Investors in the Scheme are not being offered any guaranteed / assured returns.

(Returns in %)

(formerly Edelweiss Absolute Return Equity (ARE) Fund). The name of the scheme has changed with effect from Jan 1, 2011

0.41%

1.05%

1.15%

1.46%

1.54%

1.69%

1.71%

2.20%

2.25%

2.40%

3.04%

3.80%

3.81%

3.84%

4.39%

5.35%

5.80%

8.58%

9.33%

10.78%

25.44%

Gas

Healthcare Services

Transportation

Auto Ancillaries

Cement


Oil

Industrial Products

Trading

Ferrous Metals

Power


Construction

Pharmaceuticals

Diversified

Auto

Finance


Petroleum Products

Software

Banks

2.00 2.00

Record Date Plan/ Option Name NAV on Retail Corporate

Record Date (`) Dividend Rate (`) Dividend Rate (`)

24/12/2010 Dividend Plan 20.19

Edelweiss ELSS Fund - Growth

S & P CNX Nifty

Industry Allocation




Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is December 30, 2008. Since inception returns are calculated on ̀ 10/- invested at inceptionReturns shown above are for Growth Option onlyPerformance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).

Growth Option 20.57 Dividend Option 18.52

ELSS Fund

Notes: Total Exposure to illiquid securities is 0.00% of the portfolio;i.e. `0.00 lakh


Auto

Auto Ancillaries

Banks


Consumer Durables


Tata Motors 2.96Eicher Motors 1.68Mahindra & Mahindra 0.76

Bosch 0.62

ICICI Bank 4.86HDFC Bank 3.81Axis Bank 2.53State Bank of India 1.97IDBI Bank 1.61Bank of Baroda 0.97Corporation Bank 0.76The Federal Bank 0.69Canara Bank 0.57Syndicate Bank 0.46Andhra Bank 0.45Indian Bank 0.44Kotak Mahindra Bank 0.33


Havells India 1.70

Titan Industries 2.17ITC 2.13Shree Renuka Sugars 1.89Nestle India 1.34United Breweries 1.03Godrej Consumer Products 0.82



Diversified

Ferrous Metals

Finance

Healthcare Services


Industrial Products

Non - Ferrous Metals

Oil

Petroleum Products

Asian Paints 0.68Dabur India 0.68


Tata Steel 0.94Jindal Steel & Power 0.63

Housing Development Finance Corporation 4.11Shriram Transport Finance Co. 2.19Mahindra & Mahindra Financial Services 1.65Rural Electrification Corporation 1.47Indiabulls Financial Services 1.35Bajaj Holdings & Investment 0.84


Thermax 0.88Bharat Heavy Electricals 0.76Crompton Greaves 0.66Siemens 0.35

Cummins India 1.72

Hindalco Industries 2.75Sterlite Industries ( India ) 0.69

Oil & Natural Gas Corpn 1.03Oil India 0.67

Reliance Industries 5.67

Petroleum Products

Pharmaceuticals

Power

Software

Telecom - Services

Textiles - Synthetic

Trading

OTHERS 4.14Cash & Cash Equivalents

GRAND TOTAL 100.00

Hindustan Petroleum Corporation 0.56Bharat Petroleum Corpn. 0.54Indian Oil Corporation 0.49

Lupin 2.47Glenmark Pharmaceuticals 1.85Aurobindo Pharma 1.82Ranbaxy Laboratories 1.41Cadila Healthcare 1.40Cipla 1.12Sun Pharmaceuticals Industries 0.69Dr. Reddy's Laboratories 0.67GlaxoSmithKline Pharmaceuticals 0.65

Power Grid Corporation of India 0.64

Infosys Technologies 3.85Tata Consultancy Services 3.48

Bharti Airtel 1.06

Grasim Industries 0.65


CBLO / Reverse Repo Investments 6.12Net Receivable/Payable -1.98

Portfolio

0.64%

0.67%

0.69%

0.99%

1.10%

1.49%

1.60%

1.63%

1.77%

1.77%

1.79%

2.46%

2.75%

3.59%

5.64%

7.56%

7.65%

11.20%

12.11%

12.59%

20.31%

Auto Ancillaries

Power


Trading

Telecom - Services

Diversified

Healthcare Services

Ferrous Metals

Consumer Durables

Oil

Industrial Products




Auto

Petroleum Products

Software


Finance

Pharmaceuticals

Banks

11.25

17.81

43.35

15.4717.95

43.42

05

101520253035404550


Source: www.mutualfundsindia.com

Dividend History

Dividend is declared on the face value of Rs. 10/- per unit. Dividend will be paid subject to availability of distributable surplus. After payment of dividend the NAV of the dividend option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.

(Returns in %)

14.3115.97

29.46

14.3316.25

29.78

14.3716.29

29.99

15.4717.95

25.12

0

5

10

15

20

25

30

35


Notes:Total Exposure to illiquid securities is 0.00% of the portfolio;i.e. `0.00 lakh. Fixed Deposit placed under margin : `50 (in Lakhs). Total Exposure to derivative instruments (excluding reversed positions) as on 31/12/2010 : `140.91 (in Lakhs).


Auto

Auto Ancillaries

Banks

Cement


Consumer Durables


Diversified

Tata Motors 3.35Eicher Motors 0.98Maruti Suzuki India 0.21

Bosch 0.77

ICICI Bank 4.75HDFC Bank 4.74Axis Bank 2.16State Bank of India 2.00Bank of Baroda 1.09Canara Bank 0.59Kotak Mahindra Bank 0.57Punjab National Bank 0.18

ACC 0.12


Havells India 1.04

Titan Industries 2.29ITC 2.21Nestle India 1.49Dabur India 1.30Shree Renuka Sugars 1.00Asian Paints 0.99United Breweries 0.64Godrej Consumer Products 0.49



Ferrous Metals

Finance

Healthcare Services


Industrial Products


Oil

Petroleum Products

Pharmaceuticals

Tata Steel 1.24Jindal Steel & Power 0.82

Housing Development Finance Corporation 2.75Shriram Transport Finance Co. 2.18Rural Electrification Corporation 1.35Mahindra & Mahindra Financial Services 0.99Indiabulls Financial Services 0.78Bajaj Holdings & Investment 0.51


Crompton Greaves 0.65Thermax 0.53Siemens 0.48

Cummins India 1.81


Oil India 0.80

Reliance Industries 6.86Bharat Petroleum Corpn. 0.80Indian Oil Corporation 0.67Hindustan Petroleum Corporation 0.67

Lupin 2.17Cadila Healthcare 2.13Cipla 1.58Ranbaxy Laboratories 1.01Sun Pharmaceuticals Industries 0.76Dr. Reddy's Laboratories 0.75

Pharmaceuticals

Power

Software


Trading

DERIVATIVESIndex Future

Index Option


GRAND TOTAL 100.00

Aurobindo Pharma 0.71Glenmark Pharmaceuticals 0.70GlaxoSmithKline Pharmaceuticals 0.57

Power Grid Corporation of India 0.94

Infosys Technologies 5.18Tata Consultancy Services 5.07Wipro 0.49

Grasim Industries 0.78


NIFTY Index Future Jan 2011 7.67

NIFTY 5800 Call Jan 2011 0.12

Citibank N.A. 2.77


Portfolio

As on December 31, 2010(formerly Edelweiss Diversified Growth Equity (E.D.G.E.) Fund)


Plan A - Growth

Plan B - Growth

Plan C - Growth

S & P CNX Nifty


Plan A - Growth Option 15.18Plan B - Growth Option 15.24Plan C - Growth Option 15.28Plan A - Dividend Option 15.17Plan B - Dividend Option 15.44Plan C - Dividend Option 15.28

Industry Allocation

DIVERSIFIED GROWTH EQUITY TOP 100 (E.D.G.E. Top 100 ) Fund

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is May 20, 2009. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option only.Performance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR). Source: www.mutualfundsindia.com

0.12%

0.69%

0.85%

0.86%

0.89%

1.00%

1.05%

1.16%

1.85%

2.01%

2.29%

2.74%

2.82%

4.14%

5.04%

9.51%

10.02%

11.55%

11.58%

11.94%

17.89%

Cement

Healthcare Services

Auto Ancillaries

Textiles- Synthetic

Oil

Trading

Power

Consumer Durables


Industrial Products

Ferrous Metals

Diversified


-Non Ferrous Metals

Auto

Finance

Petroleum Products

Pharmaceuticals


Software

Banks

(Returns in %)

Notes:Total Exposure to illiquid securities is 0.00% of the portfolio;i.e. `0.00 lakh.Fixed Deposit placed under margin : `99 (in Lakhs). Total Exposure to derivative instruments (excluding reversed positions) as on 31/12/2010 : `135.58 (in Lakhs).

Portfolio

EQUITY & EQUITY RELATED 71.17

Listed / awaiting listing on the stock exchanges

Auto

Banks

Cement

Construction



Diversified

Ferrous Metals

Finance

Tata Motors 1.67Mahindra & Mahindra 1.35Bajaj Auto 0.83Maruti Suzuki India 0.75Hero Honda Motors 0.74

ICICI Bank 5.43HDFC Bank 3.37State Bank of India 2.76Axis Bank 1.37Punjab National Bank 0.63Kotak Mahindra Bank 0.38

Jaiprakash Associates 0.49Ambuja Cement 0.46ACC 0.43

DLF 0.34


ITC 3.79


Tata Steel 1.70Jindal Steel & Power 1.06Steel Authority of India 0.28

Housing Development Finance Corporation 3.92Infrastructure Development Finance Company 0.88


Finance

Gas


Minerals / Mining


Oil

Petroleum Products

Pharmaceuticals

Power

Software

Reliance Capital 0.30

GAIL (India) 0.86

Bharat Heavy Electricals 1.33Siemens 0.47Suzlon Energy 0.18

Sesa Goa 0.50


Oil & Natural Gas Corpn 1.71Cairn India 0.47

Reliance Industries 6.94Bharat Petroleum Corpn. 0.33

Dr. Reddy's Laboratories 0.88Cipla 0.76Sun Pharmaceuticals Industries 0.66Ranbaxy Laboratories 0.35

Tata Power Co. 0.90NTPC 0.70Power Grid Corporation of India 0.54Reliance Infrastructure 0.48Reliance Power 0.16

Infosys Technologies 6.63Tata Consultancy Services 2.04Wipro 0.79

Software

Telecom - Services

DERIVATIVESIndex Future


GRAND TOTAL 100.00

HCL Technologies 0.40

Bharti Airtel 1.64Reliance Communications 0.36

NIFTY Index Future Jan 2011 9.27

HDFC Bank 6.77



NIFTY ENHANCER #Fund

Industry Allocation

Plan A - Growth (Inception date August 12, 2009)

Plan B - Growth (Inception date June 16, 2009)

S & P CNX Nifty


NAV as on December 31, 2010 ` Per UnitPlan A - Growth Option 13.90Plan B - Growth Option 13.80

@Plan C - Growth Option -Plan A - Dividend Option 12.67Plan B - Dividend Option 13.97Plan C - Dividend Option 12.29

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments. Since inception returns are calculated on ̀ 10/- invested at inceptionReturns shown above are for Growth Option only Performance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR). Source: www.mutualfundsindia.com

0.48%

0.70%

1.21%

1.81%

1.94%

2.78%

2.80%

3.06%

3.62%

3.72%

3.90%

4.27%

5.33%

6.08%

7.17%

7.50%

10.21%

13.84%

19.58%

Construction

Minerals / Mining

Gas

Diversified

Cement


Telecom- Services

Oil

-Non Ferrous Metals

Pharmaceuticals

Power

Ferrous Metals



Finance

Auto

Petroleum Products

Software

Banks

15.64

18.91

26.81

15.58

18.86

23.22

15.4717.95

21.94

25.90

0

5

10

15

20

25

30


@There are no investors under this option.

# For more detail refer the last page

(Returns in %)

Cash & Cash EquivalentSOV

Asset Allocation

84.47% 15.53%

Portfolio

Cash & Cash Equivalents

GRAND TOTAL 100.00


Name of Instrument % to Net Assets


Dividend is declared on the face value of Rs. 10/- per unit. Dividend will be paid subject to availability of distributable surplus. After payment of dividend the NAV of the dividend option of the Scheme falls to the extent of the dividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.

LIQUID Fund

Sector / Rating Percent

Cash & Cash Equivalent 100.00

Total 100.00

Rating Profile

Dividend History

Asset Allocation


NAV as on December 31, 2010 ` Per UnitRetail Plan - Dividend Daily Option 10.0000Retail Plan - Dividend Weekly Option^ -Retail Plan - Dividend Monthly OptionRetail Plan - Dividend Fortnightly Option^ -Retail Plan - Growth OptionInstitutional Plan - Growth Option^ -Institutional Plan - Dividend Daily Option^ -

10.0453

11.1809

^ There are no investors under this option


Retail Plan - Growth

Crisil Liquid Fund Index

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is September 9, 2008. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option only

Performance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).

Since there are no investors in the Plan as on December 31, 2010, performance data has not been provided.


5.56 5.50 5.46 5.755.37

4.474.95

7.71 7.46 7.416.78

6.23

5.125.68

0.00

0.01

0.02

0.03

0.04

0.05

0.06

0.07

0.08

0.09

7 days 15 days 30 days 3 months 6 months 1 Year Since Inception

100.00%

(Returns in %)

0.035388 0.035388

0.041045 0.041045

10.0453 0.036662 0.036662



29/10/2010 Retail - Dividend 10.0434

(Monthly)

30/11/2010 Retail - Dividend 10.0513

(Monthly)

31/12/2010 Retail - Dividend

(Monthly)


Dividend Option 10.5532Growth Option 10.5532

Portfolio


CENTRAL GOVERNMENT SECURITIES 84.47SOV


Grand Total 100.00

08.08% CGL 2022 28.5708.28% CGL 2032 28.1107.17% CGL 2015 27.79


Rating Profile


SOV 84.47

Cash & Equivalent 15.53

Total 100.00


Edelweiss Gilt Fund - Growth

I-Sec Composite Gilt Index

2.63

7.28

3.69

2.38

6.04

4.22

0.001.002.003.004.005.006.007.008.00

6 months 1 Year Since Inception

(Returns in %)

Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is July 6, 2009. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option onlyPerformance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).


GILT Fund


97.60% 2.40%

All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.**Thinly traded/Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

Portfolio


0.046495 0.043334

0.043183 0.040247

0.058065 0.054118

0.051219 0.047737

0.062150 0.057925

0.064467 0.060084



29/10/2010 Retail - Dividend 10.0631

(Monthly)

29/10/2010 Institutional - 10.0472

Dividend (Monthly)

30/11/2010 Retail - Dividend 10.0726

(Monthly)

30/11/2010 Institutional - 10.0604Dividend (Monthly)

31/12/2010 Retail - Dividend 10.0724

(Monthly)

31/12/2010 Institutional - 10.0704

Dividend (Monthly)

Dividend is declared on the face value of Rs. 10/- per unit. Dividend will be paid subject to availability of distributable surplus. After payment of dividend the NAV of the dividend option of the Scheme falls to the extent of thedividend pay out and statutory levy if any. Past Performance may or may not be sustained in the future.

Dividend History

Asset Allocation

Money Market Instrument


Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is September 9, 2008. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option onlyPerformance of the dividend option for the investor would be net of the dividend distribution tax, as applicable.Returns less than one year are absolute and returns equal to or greater than one year are compounded annualized (CAGR).


As on December 31, 2010(formerly Edelweiss )Short Term Bond Fund

ULTRA SHORT TERM BOND Fund

MONEY MARKET INSTRUMENT 97.60Certificate of Deposit**A1+

P1+

Total 60.94

Commercial Paper**A1+

Total 36.66


GRAND TOTAL 100.00

Allahabad Bank 27.74Indian Overseas Bank 3.42

Canara Bank 27.72Punjab National Bank 2.06

Religare Finvest 33.23Tata Capital 3.43



A1+ 67.82

P1+ 29.78

Cash & Cash Equivalents 2.40

Total 100.00

Rating Profile


Retail Plan - Dividend Daily Option 10.0002Retail Plan - Dividend Weekly Option 10.0045 Retail Plan - Dividend Monthly Option 10.0724 Retail Plan - Dividend Fortnightly Option 10.0150Retail Plan - Growth Option 11.5139Institutional Plan - Dividend Daily Option 10.0011Institutional Plan - Monthly Dividend Option 10.0704Institutional Plan - Weekly Dividend Option 10.0048Institutional Plan - Growth Option 11.5608

Retail Plan - Growth

Institutional Plan - Growth

Crisil Liquid Fund Index

3.08

5.59

6.29

3.10

5.72

6.48

3.14

5.12

5.68

0

0.01

0.02

0.03

0.04

0.05

0.06

0.07

6 months 1 Year Since Inception


(Returns in %)

Fund Performances VS Benchmark Index (Returns in %)

Asset AllocationSector / Rating Percent

AAA 60.49

AA 30.66

Cash & Equivalent 8.85

Total 100.00

Rating Profile


All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, FITCH.

Portfolio


Past performance may or may not be sustained in future.The above information is not necessarily indicative of future results and may not necessarily provide a basis for comparison with other investments.Inception Date is February 24, 2010. Since inception returns are calculated on `10/- invested at inceptionReturns shown above are for Growth Option onlyPerformance of the dividend option would be net of the dividend distribution tax, as applicable.Returns shown above are absolute returns as the scheme has not completed one year of exitstance


Growth Option 10.3978 Monthly Dividend Option 10.1497


INCOME ADVANTAGE Fund

BONDS & NCDs 91.15Listed / awaiting listing on the stock exchangesAA

AAA


GRAND TOTAL 100.00

Shriram Transport Finance Co. 30.66

Reliance Capital 29.91ETHL Communications Holding 29.81Power Grid Corporation of India 0.77


Edelweiss Gilt Fund - Growth


0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

1.58

3.983.89

7.60

6 months Since Inception

91.15% 8.85%

BONDS & NCDs Cash & Cash Equivalent

*Risk Return Profile at a Glance

RETURN

RISK

EdelweissLiquid Fund

NIFTY ENHANCER

EdelweissAbsolute Return Fund

EdelweissGilt Fund

EdelweissIncome Advantage Fund

EdelweissUltra Short Term Bond Fund

EdelweissELSS Fund

EdelweissE.D.G.E Top 100 Fund

EdelweissNifty Enhancer Fund

* Past performance may or may not be sustained in future.

Investment Objective

Type of the scheme

Fund Managers /Co-Fund Managers

Entry Load

Exit Load

Plans / Options

Minimum Investment

Minimum Redemption Amount

Benchmark

Ratios

An Open Ended Equity scheme

An Open Ended Equity scheme

The primary objective of the scheme is to generate l o n g - t e r m c a p i t a l 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.

An open ended diversified equity scheme that seeks to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates by market capitalization, listed in India

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.

Edelweiss Diversified Growth

Equity Top 100 (E.D.G.E. Top 100) Fund

Edelweiss Absolute Return

Fund

Edelweiss Nifty Enhancer

Fund

Edelweiss ELSS Fund

Mr. Paul Parampreet Experience: 5 years Managing the scheme since: February 4, 2010

Mr. Gaurav Khandelwal Experience: Overall 6 years Managing the scheme since : June 29, 2010

Mr. Paul Parampreet Experience: 5 years Managing the scheme since: February 4, 2010

Mr. Karthik VisvanathanExperience: Around 4 years Managing the scheme since : June 29, 2010

Mr. Paul Parampreet Experience: 5 years Managing the schemesince: June 29, 2010

Mr. Gaurav Khandelwal Experience: Overall 6 yearsManaging the scheme since inception

Mr. Paul Parampreet Experience: 5 years. Managing the schemesince: February 4, 2010

Mr. Gaurav KhandelwalExperience: Overall 6 years. Managing the scheme since: June 29, 2010

NIL : In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Growth and Dividend option Growth and Dividend optionPlan A, Plan B and Plan CGrowth and Dividend option

Minimum of `500/- per application & in multiples of `500/- thereafter

•

• For Edelweiss ELSS Fund, redemption of unit can be made only after

`1/- or any number of units. For demat transactions, minimum redemption would be mandatorily 50 units.

3 years of lock-in period from the date of allotment of the Units

proposed to be redeemed.

Plan A - `1,000/- and multiples of `1/- thereafter Plan B - `1,00,000/- and multiples of `1/- thereafterPlan C - `10,00,000/- and multiples of `1/- thereafter

Minimum of `5000/- per application & in multiples of `1/- thereafter

CRISIL MIP Blended Index#

S&P CNX Nifty

Standard deviation 4.85%Sharpe ratio -2.49Portfolio beta 0.20R squared 0.59Portfolio Turnover Ratio^ 3.60 times

##Total Expense Ratio 1.84%

Standard deviation 17.25%Sharpe ratio 0.84Portfolio beta 1.15R squared 0.93Portfolio Turnover Ratio^ 4.00 times

##Total Expense Ratio Plan A 2.19% Plan B 2.06% Plan C 1.92%

Standard deviation 14.90%Sharpe ratio 3.00Portfolio beta 1.02R squared 0.95Portfolio Turnover Ratio^ 1.16 times

##Total Expense Ratio Plan A 1.28% Plan B 1.26% Plan C 1.29%

Standard deviation 18.63%Sharpe ratio 0.11Portfolio beta 1.22R squared 0.92

Portfolio Turnover Ratio^ 2.99 times


An Open Ended Equity schemeAn Open Ended Equity Linked Savings scheme

NILNIL

• On or before 365 days from date of allotment : 1%

• After 365 days from the date of allotment : Nil

• On or before 365 days from date of allotment : 1% (w.e.f. 1-Jan-11)

• After 365 days from the date of allotment : Nil (w.e.f. 1-Jan-11)

The primary objective of theF u n d i s t o g e n e r a t e capital appreciation and income distribution by investing in a portfolio t h a t e n d e a v o u r s t o outperform the S & P C N X N i f t y I n d e x .

“Edelweiss Nifty Enhancer Fund” is only the name of the Fund. The scheme is not an Index Fund. The equity stocks/weightages of the equity stocks in t h e s c h e m e Po r t fo l i omay differ vis-à-vis the u n d e r l y i n g s t o c k s o f Nifty Index.

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.

Equity Schemes December 31, 2010

Risk Free rate considered for the above = 7.91% pa. (10 years G sec bond) Please note: Standard deviation and Sharpe ratio are Annualized.^ Lower of sales or purchase divided by average AUM for last rolling 12 months. ##Current year to date ratio to average AUM. AMC reserves the right to change the expense ratio within the limits prescribed in the respective Scheme Information Document.

AUM (` In Crores) 1.23 18.07 14.62 44.42

Default Option/Plan Default Plan : Plan ADefault Option : Growth

Minimum Additional Investment Amount

`500/- per application & inmultiples of `500/-thereafter

` `1,000/- and in multiples of 1/- thereafter.

For risk factors, please refer the last page

Date of Allotment December 30, 2008 May 20,2009 June 16, 2009 August 20, 2009

Growth Growth

Debt schemes December 31, 2010

Investment Objective

Type of the scheme

Fund Managers

Entry Load

Exit Load

Plans / Options

Minimum Investment

Minimum Redemption Amount

Benchmark

Ratios

Average Maturity

Modified Duration

An Open Ended Gilt scheme An Open Ended Income scheme

The objective of the Scheme is to providereasonable returns, commensurate with moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments.

The investment objective o f t h e s c h e m e i s t o generate income and capital appreciation by investing predominantly in securities issued by the Government ofIndia or State Governments.

Edelweiss Ultra Short Term Bond Fund

(Formerly Edelweiss Short Term Bond Fund)

Edelweiss Income Advantage

Fund

Edelweiss Gilt Fund

Edelweiss Liquid Fund

Mr. Kapil Punjabi Experience: 4 years.Managing the debt/fixed income portion of the portfolio since inception.

Mr. Paul Parampreet Experience: 5 years. Managing the equity portion of the portfoliosince: December 20, 2010.

Mr. Kapil Punjabi Experience: 4 years. Managing the scheme since: December 5, 2009

Mr. Kapil Punjabi Experience: 4 years Managing the scheme since: December 5, 2009

NIL: In terms of SEBI circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to theinvestor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

0.10% if redeemed before the 8th day of allotment.

Retail, Institutional and Super Institutional PlanGrowth and Dividend option

Growth and Monthly Dividend option

Growth and Dividend option

Retail Plan: `10,000/- & in multiples of `1/- thereafter.Institutional Plan: `1 Crore & in multiples of ̀ 1/- thereafter. Super Institutional Plan: `10 Crores & in multiples of `1/- thereafter.

Retail Plan: `5,000/- and in multiples of `1/- thereafter.Institutional Plan: `1 Crore and inmultiples of `1/- thereafter.

`5,000/- and in multiples of `1/- thereafter.

• Minimum of 50 units & in multiples of 1 unit thereafter or `500 & in multiples of `1/- thereafter.

• For demat transactions, minimum redemption would be mandatorily 50 units.

• In case of the investors/ units holders having available balance less than ` 500/- or less than 50 units in their respective folio on the day

of submission of valid redemption request, for the respective plan, the minimum redemption limit would be the available balance.



##Total Expense Ratio Retail 0.32%Institutional 0.24%


##Total Expense RatioRetail 0.44%Institutional 0.16%Super Institutional 0.13%

An Open Ended Debt scheme An Open Ended Liquid scheme

The objective of the Schemeis to provide optimal returns, commensurate with low risk and high degree of liquidity, through a portfolio constituted of money market& s h o r t t e r m d e b t instruments.

The investment objective of the scheme is to generate returns that are consistent with the moderate levels of risk and liquidity through active management of a diversified portfolio constituted of debt and money market instruments, securitized debt, governmentsecurities, and equity & equity related instruments.

Mr. Kapil Punjabi Experience: 4 years. Managing the scheme since: December 5, 2009

NIL• Upto 30 days - 1%

• After 30 days - Nil

Retail and Institutional PlanGrowth and Dividend option


CRISIL Liquid Fund Index CRISIL MIP Blended Fund Index

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.

• Upto 7 days - 0.10%

• After 7 days - Nil

0.07 Years

0.06 Years

0.0082 Years

0.0082 Years

10.49 Years

5.77 Years

1.14 Years

0.96 Years

AUM (` In Crores) 0.86 71.83 0.88 15.97

##Current year to date ratio to average AUM. AMC reserves the right to change the expense ratio within the limits prescribed in the respective Scheme Information Document.

Default Option Growth Growth

Minimum Additional Investment Amount ` `1,000/- and in multiples of 1/- thereafter.

Retail Plan: `1,000/- and in multiples of `1/- thereafter.Institutional Plan: `1 Lac and in multiples of `1/- thereafter.

Super Institutional Plan: `10 Lacs and in multiples of `1/- thereafter.

Date of Allotment September 9, 2008 February 24, 2010July 6, 2009

Retail Plan, Dividend option Daily dividend Reinvestment Facility


For risk factors, please refer the last page

Investor Service Centers & Risk Factors

All Mutual Fund and securities investments are subject to market risk and there can be no assurance that the schemes’ objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the capital markets. The name of the schemes does not in any manner indicate either the quality of the scheme, its future prospects and return. Past performance of the Sponsor and their Affiliates/AMC/Mutual Fund & its Scheme(s) does not indicate the future performance of the Scheme and may not necessarily provide a basis of comparison with other investments. Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal and uncertainty of dividend distribution. As the price / value / interest rates of the securities in which the scheme invests fluctuates, the value of your investment in the scheme may go up or down. Investors are not being offered any guaranteed / assured returns under any scheme of Edelweiss Mutual Fund.

“S&P®” and “Standard and Poor's®” are trademarks of the McGraw-hill Companies, Inc. (“S&P”), and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. “The Product is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P"). Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product. Please read the full Disclaimers in relation to the S&P CNX Nifty Index in the Offer Document / Prospectus / Information Statement.”

Edelweiss Mutual Fund is set up as a Trust under the Indian Trusts Act, 1882 by Edelweiss Capital Limited. Sponsor: Edelweiss Capital Limited (ECL)(liability restricted to initial contribution of Rs. 1 Lac).Trustee: Edelweiss Trusteeship Company Limited (ETCL), a Company registered under the Companies Act, 1956 Investment Manager: Edelweiss Asset Management Limited (EAML), a Company registered under the Companies Act, 1956.Copy of the Statement of Additional Information (SAI) / Scheme Information Document (SID) and Key Information Memorandum (KIM) can be obtained from any of our Investor Services Centers as well as from our website www.edelweissmf.com. Mutual Fund investments are subject to market risks. Please read the Statement of Additional Information (SAI) & Scheme Information Document (SID) of the respective schemes carefully before investing.

: The view of the fund managers should not be construed as advice. Investors must make their own investment decisions based on their specific investment objectives and financial positions and using such AMFI qualified advisors as may be necessary. Opinions expressed in various articles are not necessarily those of Edelweiss Asset Management Limited (EAML) or any of its Directors, Officers, Employees and personnel. Consequently, the Edelweiss Asset Management Limited (EAML) or any of its Directors, Officers, Employees and personnel do not accept any responsibility for the editorial content or its accuracy, completeness or reliability and hereby disclaim any liability with regard to the same.

#Disclaimer:

Statutory Details:

Disclaimer

Karvy Investor Service Centers

Agra - 0562-4000601 Ahmedabad - 079-26402967 / 079 -32997508 Ajmer - 0145-2628055 Aligarh - 0571-3200210 Allahabad - 0532-3240012 Ambala - 0171- 3200223 Amritsar - 0183-5053804 Anand - 02692 - 248980 Ankleshwar - 02646-227349 Asansol - 0341-2314624 Aurangabad - 0240-2363517 Balasore - 06782-260503 Bangalore - 080 - 32008452 Bareilly - 0581-3200414 Baroda - 0265 - 6640870 Begusarai - 06243-243696 Belgaum - 0831-2402722 Behrampur (OR) - 0680 - 2208006 / 0680-3205010 Bhagalpur - 0641-3200584 Bharuch - 02642-2225022 Bhavnagar - 0278 - 3001004 Bhilai - 0788-3297477 Bhopal - 0755-4092706 Bhubaneswar - 0674 - 6534585 Bokaro - 06542 - 233330/32/30 Burdwan - 0342- 2550219 Calicut - 0495-3042083 Chandigarh - 0172-5071725 Chennai - 044 42028512 Cochin - 0484-4010273 Coimbatore - 9600930515 Cuttack - 0671-2613906 Dehradun - 0135 - 3205130 Dhanbad - 0326 - 6452027 Dharwad - 0836-2744207 Durgapur - 0343-3207052 Erode - 0424 2225615, 2225616 Faridabad - 0129-3213529 Gandhidham - 02836- 320585 Gaya - 0631-2220065 Ghaziabad - 0120-3100049 Goa - 0832 - 2426874 Gorakhpur - 0551-3200444 Guntur - 0863-2339094 Gurgaon - 0124-3210019 Guwahati - 0361 - 2203324 Gwalior - 0751-3201709 Haldwani - 05946-282635 Hissar - 01662-225845 Hubli - 0836-2232443 Hyderabad - 040 - 23312454 Indore - 0731 - 2553615 Jaipur - 0141- 2375039 Jalandhar - 0181-4634410 Jalgaon - 0257 - 2226761 Jalpaiguri - 03561-224207 Jammu - 9906296475 Jamnagar - 0288-2556260 Jamshedpur - 0657-2487045 Jhansi - 0510 - 2333685 Jodhpur - 0291-5103026 Jorhat - 0376 - 2301923 Kanpur - 0512-3209782 Karaikudi - 04565-237192 Karur - 04324-248871 / 04324-326048 Kharagpur - 03222- 242512/03222 253380 Kolhapur - 0231- 2653656 Kolkata - 033 - 24659297 Kota - 0744-2366145 Kottayam - 0481-2300868 Lucknow - 0522-3213115 Ludhiana - 0161-4648747 Malda - 03512-223190 Madurai - 0452-2600852 / 865 Mangalore - 0824 - 2494110 Margao - 0832-2734656 Mathura - 0565-3202615 Meerut - 0121-3202163 Mehsana - 02762 322559 Moradabad - 0591-3201272 Mumbai - 022 - 66235353 Muzaffarpur - 0621-3200474 Mysore - 0821 - 2438006 Nadiad - 0268-2563245 Nagpur - 0712 - 6619382 Nasik - 0253-6611395 Navsari - 02637-280367 New Delhi - 011- 43681700 Panipat - 0180-3200136 Patiala - 0175-5004349 Patna - 0612-6453098 Pondicherry - 0413 - 4210640 Pune - 020-25533795 Raipur - 0771-2236696 Rajahmundry - 0883-2432076 Rajkot - 0281-3046532 Ranchi - 0651 - 2331320 Rohtak - 01262-318564 Rourkela - 0661-2510770 Saharanpur - 0132-3200125 Salem - 0427-2210835,2210983 Sambalpur - 0663-2522105 Shillong - 0364 - 2224186 Shimla - 0177-3206519 Shimoga - 08182-322577 Silchar - 03842-261229 Siliguri - 0353- 2526393 Surat - 0261-3042170 Tirunelveli - 0462-2335135 - 38 Tirupur - 0421-2214221 Trichur - 0487 - 3246231 Trichy - 0431 - 4020227 Trivandrum - 0471 - 2725728 Udaipur - 0294-2429370 Valsad - 02632-258481 Vapi - 0260-3206404 Varanasi - 0542-3204893 Vijayawada - 0866 2475126 Visakhapatnam - 0891- 2752917 Warangal - 0870-2553884

• Delhi- • Kolkata- Savitri Tower,2nd Floor, 3A Upper Wood Street, Kolkatta - 700017 Tel - 033 - 4421 8800• Mumbai - 5th Floor, One Indiabulls Centre, Tower 1, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013 Tel - 022-40979821

603, 6th Floor, Mercantile House, 15 Kasturba Gandhi Marg, New Delhi – 110001 Tel - 011 - 4357 1105

Additional Edelweiss Mutual Fund Branches

Risk factors

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MUTUAL FUND:Edelweiss Mutual FundRegistered Office: 14th Floor Express Towers,Nariman Point, Mumbai - 400021Corporate Office: 5th Floor, One IndiabullsCentre, Tower 1, 841, Senapati Bapat Marg,Elphinstone Road, Mumbai – 400 013www.edelweissmf.com

edelweiss absolute return fund* · more aggressive investors could start sip-ing into ......

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