Edelweiss Abridged AR21 Equity - 31072021 - 080948 - AM

ABRIDGED
ANNUAL REPORT
2020-21
CONNECT
COMMUNICATE
COLLABORATE
Abridged Annual Report – Equity
Equity Funds
Edelweiss Large Cap Fund
Edelweiss Large & Mid Cap Fund
Edelweiss Flexi-Cap Fund
Edelweiss Mid Cap Fund
Edelweiss Small Cap Fund
Edelweiss Long Term Equity Fund (Tax Savings)
Edelweiss Maiden Opportunities Fund - Series – 1
(Converted to Edelweiss Recently Listed IPO Fund w.e.f. June 29, 2021)
Hybrid Funds
Edelweiss Arbitrage Fund
Edelweiss Equity Savings Fund
Edelweiss Aggressive Hybrid Fund
Edelweiss Balanced Advantage Fund
Passive Funds
Edelweiss ETF - Nifty 50
Edelweiss ETF - Nifty Bank
Edelweiss ETF - Nifty 100 Quality 30
Index Funds
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund
Overseas Fund of Funds

Edelweiss Greater China Equity Off-Shore Fund
Edelweiss US Technology Fund
Edelweiss Emerging Markets Opportunities Equity Offshore Fund
Edelweiss Asean Equity Off-Shore Fund
Edelweiss Europe Dynamic Equity Off-Shore Fund
Edelweiss US Value Equity Off-Shore Fund
CONNECT. COMMUNICATE. COLLABORATE
As you go through life, you will see that there is so much that we don’t understand.
And the only thing we know is things don’t always go the way we plan.
– Simba in the Lion King
Last year taught us that even though things don't always go according to plan. We
are in this together and as long as we stay connected, we can discover new paths
as well as move forward.
We all went through a cycle of unlearning and then learning. Every person, from the
owner of a kirana store in the neighbourhood to our grandparents living in another
city, took on the challenge to embrace Zoom or Teams to talk to each other and
figure out ways to get-together without actually getting together. Friends who
weren't in touch for over a decade called to just check in. Teachers and students
navigated the brave new world of online schooling. Our parents embraced the
trend of ordering food and groceries online. Companies replaced chats by the
water cooler with virtual team building sessions and went out of their way to
engage with customers.
We found ways to communicate, stay digitally connected and collaborated to use

our resources and unleashed the power of a large community. If there is one thing
to celebrate this year, it is this human spirit which has held us together.
Edelweiss Mutual Fund in its Annual Report, celebrates this spirit and applauds the
ability of people to connect, communicate and collaborate.
About the cover

ANNUAL REPORT
2020-21 This year, we have taken inspiration from Warli Art. Synonymous
with the Warli tribes of Maharashtra who believe in the power of
community, celebrating together and staying connected to their
CONNECT roots. Edelweiss Mutual Fund is a brand which believes in doing
COMMUNICATE
COLLABORATE
things for the community, is approachable, connected and always
accessible to customers.
While staying rooted to our core values, we have moved ahead to

adopt the latest technology to give our partners and investors the
best experience. We are a homegrown Indian brand and a new age
financial service company. Our Annual Report reflects these values.
Equity Schemes - Annual Report 2020-21 | 1

Contents
Our Vision................................................................................................. 3
Our Values................................................................................................ 4
Letter from CEO........................................................................................ 5
Trustees’ Report....................................................................................... 10
Redressal of Complaints.......................................................................... 22
Independent Auditor’s Report................................................................. 23
Abridged Balance Sheet........................................................................... 44
Abridged Revenue Account..................................................................... 50
Notes to Accounts................................................................................... 56
Key Statistics............................................................................................ 72
2 | Equity Schemes - Annual Report 2020-21

Our Vision
Creating investment
solutions that deliver
enduring value for you.

Our Values
Customer First One Team
We are about customers. You first, simple. We take care of our biggest asset -
our people. We love our team.
Push Boundaries Be Genuine
We go above and beyond to solve your We’re open and transparent in our
problems and build solutions for you. communication. We say it like it is,
no mumbo jumbo.
Respect Risk Think Digital
We manage your hard-earned money Technology should make your life easier.
with care and honesty. And we make that happen.

Letter from CEO
In the depth of winter,

I finally learned that within me,
there was an invincible summer.
Over the last 18 months, I have read and

re-read these lines written by Albert Camus.
In a financial services career spanning nearly two
decades, never had I imagined that there would be a
time when we would spend 12 months working from
the confines of our homes. And that it would happen,
at scale and virtually glitch free! The last year has not
been easy for anyone. Each one of us has had to deal
with the emotional impact of either having lost or
seeing close friends and colleagues lose their loved
ones. And despite the benefits of working from home
and interacting on Zoom, the isolation has taken its
toll. However, even in the midst of all this, there is a lot
to be optimistic about. We have learned to live and
work in ways that were previously unimaginable. We
have found ways to feel connected while being
distanced and to challenge the limits of our own
creativity and perseverance. Offline in homes and
societies and online on Twitter, we have learned to
help each other. We are often urged to see the glass as
half full rather than half empty. However, sometimes
we should just be grateful to have a glass in the first
place. Having said that, between empty and full, I see
the glass very much as half-full. And for us in the
Mutual Fund business, it is definitely more than half
full as we have made a quick and comfortable
transition to business as usual in a work from home
environment.

A tale of 5 years
At the end of 2016, Edelweiss Mutual Fund acquired JP Morgan Mutual Fund. This was done with the intention
of ramping up our efforts on the Mutual Fund business. Today, we look back on this journey with a lot of
affection. Over the last few years, a team of more than 200 people have come together to build an honest asset
management business, one that is consistent while being disruptive, responsible and yet young, simple but
also innovative. While our journey is still nascent, the scoreboard in the last 5 years shows a heartening
picture.
No. of customers
AUM
4.2 Lakh INR 55k Cr.
SIP Book* Industry Rank

INR 125 Cr. 15
(31st March 2021)
Of all the milestones that we have so far achieved, the expansion in our investor family is the most
heartening. We have expanded from approximately 10,000 investors in 2016 to more than 5 lakh
people, who trust and invest with this brand today. Our family of distribution partners who are the face
of this business all over the country has now expanded to 10,000 with 5,000 actively transacting with
us every month. I am reminded of the famous lines by Majrooh Sultanpuri,
Hum akele hi chale the janib-e-manzil magar,

Log saath aate gaye aur karwaan banta gaya.
We have also learnt our fair share in this business and used these foundational years to define what
we will stand for. A few things that stand out for us are:
Managing other people’s We are not in the business of We have to be obsessive

money is a responsibility and products. We are in the business about making life easier for
a privilege. We should say what of solving financial problems. the customer.
we do and do what we say.
*SIP book includes systematic investment plan and systematic transfer plan
Data source : Internal l *AUM as on March 31, 2021 as per records of the RTA.
For more details on AUM disclosures, please visit this link - https://content.edelweissmf.com/statutory#AUM

Often, we are told that the AMC business is consolidating and thus, might not provide growth to small
players. We firmly disagree. We believe that the Mutual Fund industry is still in its infancy and that all of us
have tremendous room to grow. Mutual fund penetration in India is less than 10%, where the world average
is 40% in just matching the world, the pie will expand for all of us.
But good things take time and building a good asset management business is definitely a long-term
proposition. This is a business that takes years to build, day by day, brick by brick and SIP by SIP.
Rocky reminded us that,
Every champion is a contender that refuses to

give up.
As we prepare for our next leg of growth, a place in the competitive Top 10 club, we carry with us the
learnings of the last five years. We know that while there will be good and bad years for markets and the
industry, we will definitely not refuse to give up.
The last year in review

2020 has been a special year for us at Edelweiss Mutual Fund.
In a year when industry growth was relatively muted.
Our AUM doubled, crossing the We had our best equity year with
INR 50,000 crore INR 3,500 crore
of net equity sales.
We believe that this growth is a combination of many things over the last five years coming together.
Consistency of Product launches A sustained A relentless

investment that were ahead effort in the focus on improving
performance of competition brand service
In particular, we have been champions of the Balanced Advantage fund category which will drive strong
investor experience. Backed by a differentiated strategy and performance, Edelweiss BAF more than
doubled in assets in FY21. We also focused on providing access to global investment solutions ahead of the
curve, leveraging our partnership with JP Morgan Asset Management and as global investing became more
mainstream in India, we benefitted from a significant share of this pie.
For more details on AUM disclosures, please visit this link -
https://content.edelweissmf.com/statutory#AUM

Debt passives is a segment we have been first to market in, introducing to India the concept of target
maturity funds with Bharat Bond ETF. We believe debt will move the passive way, as these funds bring more
transparency and liquidity to debt investing along with lower costs. The target maturity construct can
emerge as a very liquid and tax efficient alternative to FD because it offers return predictability traditionally
missing in debt funds. Building on the success of Bharat Bond program, we launched India’s first debt index
fund, the Edelweiss SDL PSU 2026 Index Fund in the same target maturity structure. It has been very well
received. We have a strong product pipeline and ongoing research agenda and truly believe we can be
leaders in this space. While many scheme categories will continue to exist, we want to find categories where
we can excel. We believe that we have an opportunity in debt passives and solution oriented equity
categories.
Strengthening the brand has been a big focus over the last five years and our efforts continue in that
direction. We ran a 360 degree campaign to increase awareness of Balanced Advantage Funds as a
category, that has aided our brand recall in this space particularly in smaller markets. We also continue to
use our investor education brand, #AdviceZarooriHai, reiterating the importance of financial guidance.
Through topicals and festivals this campaign has won hearts and awards over the year. As a brand that
traditionally connected to distribution partners and customers offline, moving our flagship offline property
#Konnect online has widened our reach significantly. We learnt at home, we learnt at scale and we learnt
beyond the traditional domain of investing. Konnect is a property we only intend to take from strength to
strength over the years.
Digital was always important to Edelweiss AMC, but this year it took a different meaning. We completed an
overhaul of our transaction properties, making it easier for investors not only to start investing online but
also to raise services requests like changing a nominee or a phone number. We also focused on bringing
simplicity to the buying process by redoing the way we communicate, not just on our website but in all forms
of communication as well. Product pages talk about our funds without the usual investment jargon, an open
discussion of what can go wrong in the investment process, and a lot of transparency about what we hold
and why we hold, mark an additional step in helping our customers buy right. We also believe this is just the
beginning of what we can do to make both investing and learning much easier for customers out of
their homes.
Lastly, everything we have done this year belongs to our people. We were quick to adopt the work from
home culture last year and having taken a cautious stance about staying at home, till it is safe for our people
to return to their offices. A significant number of our employees got vaccinated at Edelweiss offices, so they
feel safe and sound. We also have found creative ways to engage, learn from each other and from minds in
other industries through our unique programs like Tryst with Brilliance. Whether it is dealers or tech support
teams coming to office in the most uncertain times, sales and support people trying to pull off a 10,000+
crore tranche of Bharat Bond 2 in complete lockdown or investment professionals steering ships in
uncertain waters without all the technology of the office, this has been a year where people have risen.
I love the lines by Vince Lombardi,
Winning means you are willing to go longer,

work harder and give more than anyone else.
Thank you to the team of Edelweiss AMC, for doing just this.
For more details on AUM disclosures, please visit this link - https://content.edelweissmf.com/statutory#AUM

The road ahead
A colleague of mine once joked that ten years ago, if anyone of us had said we worked in a mutual fund, most
people would have assumed it is the same thing as a bank or not really known what a mutual fund is. I now hear
young people on flights talking proudly about how they started an SIP and this is a heartening sign of how
mainstream mutual funds have begun. It’s also the reason when people ask me whether it was the right thing
to move back from the US 10 years ago, I say a resounding yes! This industry has no shortage of opportunities.
There is tremendous thinking that can be done in terms of bringing simple new products to solve the needs of
investors, Indian solutions created for Indian needs. There is also tremendous innovation we can make in
terms of delivery of products and also educating customers in how to use different ideas in our baskets in
interesting ways. And while once it was believed that large expansion necessitated a huge physical branch
infrastructure to compete in the post-COVID world, each mobile phone is a branch. Players like us have a real
opportunity to be meaningful.
Finally, while there has been a lot to smile about in the business, there is no bigger smile than the one that
comes from the feedback of our investors. And we are delighted that this family of investors has grown from
2.7 lakh to 5 lakh this year. To every investor who trusts us, thank you.
Team Edelweiss AMC continues its journey to do more and more, to go from good to better and great one day.
All of us have seen our share of bad news in the last year, but as a team we have never been as optimistic about
what we can build. And in this simple business of asset management, we remind ourselves of these simple two
words from the Munnabhai series:
Lage Raho.
Ms. Radhika Gupta

Managing Director &
Chief Executive Officer

Trustee’s Report
for the year ended March 31, 2021
Report from Board of Directors of Edelweiss Trusteeship Company Limited to the Unit Holders of the Schemes
of Edelweiss Mutual Fund
Dear Unit Holders,
We have pleasure in presenting the Thirteenth Annual Report of the Schemes of Edelweiss Mutual Fund (“the Fund”) for the year ended March 31,
2021 along with the audited financial statements for the Schemes.
Year 2020-21 in perspective for the Fund:

As on March 31, 2021, the Fund had thirty eight schemes as stated below:
1. Edelweiss Arbitrage Fund, An open ended scheme investing in arbitrage opportunities;
2. Edelweiss Balanced Advantage Fund, An open ended dynamic asset allocation fund;
3. Edelweiss Equity Savings Fund, An Open ended scheme investing in equity, arbitrage and debt;
4. Edelweiss Large Cap Fund, An open ended equity scheme predominantly investing in large cap stocks;
5. Edelweiss Large & Mid Cap Fund, An open ended equity scheme investing in both large cap and mid cap stocks;
6. Edelweiss Mid Cap Fund, An open ended equity scheme predominantly investing in mid cap stocks;
7. Edelweiss Small Cap Fund, An open ended scheme predominantly investing in small cap stocks;
8. Edelweiss Flexi Cap Fund, An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks (Formerly known as
Edelweiss Multi Cap Fund);
9. Edelweiss Long Term Equity Fund (Tax Savings), An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit;
10. Edelweiss Aggressive Hybrid Fund, An open ended hybrid scheme investing predominantly in equity and equity related instruments (Formerly
known as Edelweiss Multi Asset Allocation Fund);
11. Edelweiss Liquid Fund, An open-ended liquid scheme;
12. Edelweiss Overnight Fund- An open-ended debt scheme investing in overnight securities;
13. Edelweiss Banking & PSU Debt Fund, An open ended debt scheme predominantly investing in Debt Instruments of Banks, Public Sector
Undertakings, Public Financial Institutions and Municipal Bonds;
14. Edelweiss Corporate Bond Fund, An open-ended debt scheme predominantly investing in AA+ and above rated corporate bonds;
15. Edelweiss Money Market Fund, An open ended debt scheme investing in money market instruments (Formerly known as Edelweiss Dynamic
Asset Fund);
16. Edelweiss Government Securities Fund, An open ended debt scheme investing in government securities across maturity;
17. BHARAT Bond ETF - April 2023 - An open ended Target Maturity Exchange Traded Bond Fund predominantly investing in constituents of Nifty
BHARAT Bond Index - April 2023
21. BHARAT Bond FOF - April 2023- An open-ended Target Maturity fund of funds scheme investing in units of BHARAT Bond ETF – April 2023
22. BHARAT Bond FOF - April 2030 - An open-ended Target Maturity fund of funds scheme investing in units of BHARAT Bond ETF – April 2030
23. BHARAT Bond FOF - April 2025- An open-ended Target Maturity fund of funds scheme investing in units of BHARAT Bond ETF – April 2025
24. BHARAT Bond FOF - April 2031 - An open-ended Target Maturity fund of funds scheme investing in units of BHARAT Bond ETF – April 2031
25. Edelweiss ETF – Nifty 50, An open ended scheme tracking Nifty 50 Index;
26. Edelweiss ETF – Nifty Bank, An open ended scheme tracking Nifty Bank Index;
27. Edelweiss ETF – Nifty 100 Quality 30, An open ended scheme tracking Nifty 100 Quality 30 Index;
28. Edelweiss ASEAN Equity Off-Shore Fund, An open ended fund of fund scheme investing in JPMorgan Funds – ASEAN Equity Fund;
29. Edelweiss Greater China Equity Off-Shore Fund, An open ended fund of fund scheme investing in JPMorgan Funds – Greater China Fund;
30. Edelweiss Europe Dynamic Equity Off-Shore Fund, An open ended fund of fund scheme investing in JPMorgan Funds – Europe Dynamic Fund;
31. Edelweiss Emerging Markets Opportunities Equity Offshore Fund, An open ended fund of fund scheme investing in JPMorgan Funds – Emerging
Market Opportunities Fund;
32. Edelweiss US Value Equity Off-Shore Fund, An open ended fund of fund scheme investing in JPMorgan Funds – US Value Fund;
33. Edelweiss US Technology Equity Fund of Fund- An open ended fund of fund scheme investing in JPMorgan Funds – US Technology Fund;
34. Edelweiss Fixed Maturity Plan - Series 49, A 1119 days close ended Income scheme;
35. Edelweiss Fixed Maturity Plan - Series 55, A 38 month close ended Income scheme;
36. Edelweiss Maiden Opportunities Fund - Series 1, A close ended equity scheme investing across large cap, mid cap and small cap stocks.
37. Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund, An Open-ended Equity Scheme replicating MSCI India Domestic IMI and
World Healthcare Select Index;
38. Edelweiss NIFTY PSU Bond Plus SDL Index Fund – 2026, An open-ended target maturity Index Fund predominantly investing in the constituents
of NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index.

Trustee’s Report
for the year ended March 31, 2021 (Contd.)
Following are the key updates of the Schemes of the Fund:

a. Edelweiss Mutual Fund:
• Edelweiss Asset Management Limited (AMC), is the designated asset management company to the Fund. As on March 31, 2021, the Fund
was managing 38 Schemes with Assets Under Management (“AUM”) of Rs. 56,426.08 crores, with an active investor base of over 551680
investors. The AMC/ Fund had a network of 13 branches across the country.
• During the period under review, BHARAT Bond FOF – April 2025 (An open-ended Target Maturity fund of funds scheme investing in units
of BHARAT Bond ETF – April 2025), BHARAT Bond FOF – April 2031 (An open-ended Target Maturity fund of funds scheme investing in
units of BHARAT Bond ETF – April 2031), Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund and Edelweiss NIFTY PSU
Bond Plus SDL Index Fund – 2026 were launched. There were no close-ended schemes launched during the period, however there were
two open ended target maturity schemes, namely, BHARAT Bond ETF – April 2025 (An open ended Target Maturity Exchange Traded Bond
Fund predominately investing in constituents of Nifty BHARAT Bond Index - April 2025) and BHARAT Bond ETF – April 2031 (An open
ended Target Maturity Exchange Traded Bond Fund predominately investing in constituents of Nifty BHARAT Bond Index - April 2031) were
launched during the period that required listing on NSE and BSE as per the terms and condition provided in the SEBI Regulations. Further,
Edelweiss Short Term Duration merged into Edelweiss Low Duration Fund with effect from July 1, 2020. Edelweiss Dynamic Bond Fund
converted into Edelweiss Money Market Fund with effect from November 9, 2020. Post conversion, Edelweiss Low Duration Fund merged
with Edelweiss Money Market Fund with effect from February 12, 2021. Fundamental attributes of Edelweiss Multi Cap Fund was changed
to Edelweiss Flexi Cap Fund with effect from January 28, 2021.
• During the year, due to COVID – 19 pandemic, the AMC did not conduct any Investor Awareness Programs across the country as part of
SEBI – AMFI initiative for enhancing investor awareness.
b. Mutual Fund Industry Performance:

The AUM of the Indian MF Industry has grown from ₹ 7.31 trillion as on May 31, 2011 to ₹33.06 trillion as on May 31, 2021 more than 4½ fold
increase in a span of 10 years.
The mutual fund industry has crossed a milestone of 10 crore folios during the month of May 2021.
The total number of accounts (or folios as per mutual fund parlance) as on May 31, 2021 stood at 10.04 crore (100.4 million), while the number
of folios under Equity, Hybrid and Solution Oriented Schemes, wherein the maximum investment is from retail segment stood at about 8.36 crore
(83.6 million).
The proportionate share of debt-oriented schemes is 29.9% of industry assets in May 2021, up from 29.3% in May 2020. Significant increase in
ETF market share from 6.9% in May 2020 to 9.6% in May 2021.
Mutual Fund SIP accounts stood at 3.88 Crore and the total amount collected through SIP during May 2021 was ₹8,819 crore.
1. Scheme Performance, Future Outlook and Operations of the Schemes:

A. Scheme Performance:
The performance of the Schemes since inception up to March 31, 2021 vis-a-vis the respective benchmark is given in the table below:
EQUITY SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021

Period Regular Plan Direct Plan Scheme Benchmark Alternate Benchmark$
Allotment Date: Allotment Date: (NIFTY 50 TR Index) (S&P BSE Sensex TR
May 20, 2009 January 7, 2013 Index)
Returns % Value Returns % Value Returns % Value Returns % Value
(INR)# (INR)# (INR)# (INR)#
1 Year 64.90% 16,490 67.65% 16,765 72.54% 17,254 69.82% 16,982
2 Year 12.70% 14,334 14.19% 14,912 14.58% 15,064 15.81% 15,559
3 Year 13.88% 19,158 15.15% 20,250 15.12% 20,228 15.73% 20,773
Since Inception (CAGR) - Regular Plan 13.71% 45,940 NA NA 12.32% 39,708 12.76% 41,612
Since Inception (CAGR) - Direct Plan NA NA 14.39% 30,245 12.89% 27,128 13.35% 28,062
Edelweiss Large and Mid Cap Fund

Period Regular Plan Direct Plan Scheme Benchmark Additional Benchmark$
Allotment Date: Allotment Date: (Nifty Large Midcap 250 (Nifty 50 TR Index)
January 14, 2007 January 1, 2013 TR Index)
1 Year 72.61% 17,261 75.28% 17,528 85.91% 18,591 72.54% 17,254
3 Year 12.90% 14,408 14.58% 15,063 12.75% 14,353 14.58% 15,064
5 Year 14.85% 19,992 16.22% 21,211 16.38% 21,361 15.12% 20,228

Trustee’s Report

Allotment Date: Allotment Date: (Nifty Midcap 100 TR (Nifty 50 TR Index)
December 26, 2007 January 1, 2013 Index)
1 Year 96.09% 19,609 99.06% 19,906 103.91% 20,391 72.54% 17,254
3 Year 11.44% 13,857 13.13% 14,499 9.09% 12,996 14.58% 15,064
5 Year 16.70% 21,652 18.07% 22,953 14.34% 19,552 15.12% 20,228

Allotment Date: Allotment Date: (Nifty Smallcap 250 TR (Nifty 50 TR Index)
December 26, 2007 January 1, 2013 Index)
1 Year 110.99% 21,099 114.35% 21,435 118.68% 21,868 72.54% 17,254
3 Year NA NA NA NA NA NA NA NA
5 Year NA NA NA NA NA NA NA NA
Edelweiss Flexi Cap Fund (Formerly, Edelweiss Multi Cap Fund)

Period Regular Plan Direct Plan Scheme Benchmark Additional Benchmark$
Allotment Date: Allotment Date: (Nifty 500 TR Index) (Nifty 50 TR Index)
February 3, 2015 February 3, 2015
1 Year 69.56% 16,956 72.58% 17,258 77.58% 17,758 72.54% 17,254
3 Year 10.52% 13,516 12.40% 14,217 12.61% 14,298 14.58% 15,064
5 Year 14.93% 20,060 16.38% 21,360 15.15% 20,257 15.12% 20,228

Allotment Date: Allotment Date: (Nifty 500 TR Index) (Nifty 50 TR Index)
December 30, 2008 January 24, 2013
1 Year 66.50% 16,650 69.30% 16,930 77.58% 17,758 72.54% 17,254
3 Year 8.66% 12,841 10.48% 13,500 12.61% 14,298 14.58% 15,064
5 Year 11.79% 17,463 13.34% 18,711 15.15% 20,257 15.12% 20,228
HYBRID SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021

Allotment Date: Allotment Date: (CRISIL Hybrid 50+50 - (Nifty 50 TR Index)
August 20, 2009 January 21, 2013 Moderate Index)*
1 Year 41.91% 14,191 43.99% 14,399 39.21% 13,921 72.54% 17,254
3 Year 12.67% 14,320 14.21% 14,919 12.23% 14,154 14.58% 15,064
5 Year 11.61% 17,321 12.90% 18,350 12.62% 18,124 15.12% 20,228
Since Inception (CAGR) - Existing Plan 10.38% 31,490 NA NA 10.89% 33,231 12.14% 37,872

Trustee’s Report
Edelweiss Aggressive Hybrid Fund^

Allotment Date: Allotment Date: (CRISIL Hybrid 35+65 – (Nifty 50 TR Index)
August 12, 2009 January 7, 2013 Aggressive Index) ^
1 Year 50.30% 15,030 52.93% 15,293 49.75% 14,975 72.54% 17,254
3 Year 11.04% 13,707 12.62% 14,301 12.88% 14,403 14.58% 15,064
% Year 11.04% 16,883 12.22% 17,802 13.61% 18,938 15.12% 20,228

Allotment Date: Allotment Date: (Nifty Equity Savings (Nifty 50 TR Index)
October 13, 2014 October 13, 2014 Index)
1 Year 21.94% 12,194 23.15% 12,315 26.39% 12,639 3.60% 10,360
3 Year 8.77% 12,879 9.91% 13,290 9.88% 13,279 8.24% 12,693
5 Year 9.12% 15,478 10.04% 16,135 9.91% 16,043 7.17% 14,141
Since Inception (CAGR) -Regular Plan 8.34% 16,790 NA NA 8.85% 17,312 8.08% 16,532

Period Existing Plan Direct Plan Scheme Benchmark Alternate Benchmark$
Allotment Date: Allotment Date: (Nifty 50 Arbitrage Index) (Nifty 50 TR Index)
January 27, 2014 January 27, 2014
1 Year 3.41% 10,341 4.15% 10,415 2.34% 10,234 4.66% 10,466
3 Year 5.31% 11,686 6.05% 11,934 4.57% 11,440 6.48% 12,082
5 Year 5.70% 13,195 6.42% 13,650 4.83% 12,663 6.50% 13,706
EXCHANGE TRADED SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021:

Edelweiss ETF - Nifty 50
Period Edelweiss ETF - Nifty 50 Scheme Benchmark Additional Benchmark$
Allotment Date: May 8, 2015 (Nifty 50 TR Index) (S&P BSE Sensex TR Index)
Returns % Value (INR)# Returns % Value (INR)# Returns % Value (INR)#
1 Year 71.67% 17,167 72.54% 17,254 69.82% 16,982
3 Year 14.39% 14,991 14.58% 15,064 15.81% 15,559
5 Year 15.26% 20,351 15.12% 20,228 15.73% 20,773
Since Inception (CAGR) 11.97% 19,490 11.80% 19,317 12.19% 19,717

Period Edelweiss ETF - Nifty Bank Scheme Benchmark Additional Benchmark$
Allotment Date: (Nifty Bank TR Index) (Nifty 50 TR Index)
December 15, 2015
1 Year 74.01% 17,401 73.97% 17,397 72.54% 17,254
3 Year 11.04% 13,706 11.41% 13,844 14.58% 15,064
5 Year 15.85% 20,874 16.15% 21,150 15.12% 20,228

Period Edelweiss ETF - Nifty 100 Scheme Benchmark Additional Benchmark$
Quality 30 (Nifty 100 Quality 30 TR Index) (Nifty 50 TR Index)
Allotment Date: May 25, 2016
1 Year 60.62% 16,062 61.45% 16,145 72.54% 17,254
3 Year 12.36% 14,203 12.67% 14,322 14.58% 15,064
5 Year NA NA NA NA NA NA

Trustee’s Report
OVERSEAS FUNDS OF FUND SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021:

Edelweiss ASEAN Equity Offshore Fund
Period Regular Plan Direct Plan Benchmark
Allotment Date: July 1, 2011 Allotment Date: January 1, 2013 MSCI AC ASEAN Index
1 Year 42.77% 14,277 43.74% 14,374 26.78% 12,678
3 Year 3.06% 10,949 3.83% 11,198 -2.13% 9,373
5 Year 7.37% 14,276 8.36% 14,941 2.01% 11,044
Since Inception (CAGR) - Regular Plan 8.71% 22,581 NA NA 3.54% 14,035
Since Inception (CAGR) - Direct Plan NA NA 7.02% 17,500 1.22% 11,052
Edelweiss Emerging Markets Opportunities

Equity Offshore Fund
Allotment Date: July 7, 2014 Allotment Date: July 7, 2014 MSCI Emerging Market Index
1 Year 52.91% 15,291 54.38% 15,438 50.58% 15,058
3 Year 12.43% 14,228 13.46% 14,627 8.31% 12,716
5 years 15.34% 20,418 16.16% 21,155 11.71% 17,400
Edelweiss Europe Dynamic Equity Offshore Fund

Allotment Date: Allotment Date: MSCI Europe Index
February 7, 2014 February 7, 2014
1 Year 55.39% 15,539 56.52% 15,652 37.82% 13,782
3 Year 8.95% 12,946 9.78% 13,245 6.90% 12,224
5 Years 8.52% 15,052 9.44% 15,703 7.42% 14,307
Edelweiss US Value Equity Offshore Fund

Allotment Date: August 7, 2013 Allotment Date: August 7, 2013 Russell 1000 Index
1 Year 51.12% 15,112 52.40% 15,240 47.85% 14,785
3 Year 14.66% 15,099 15.68% 15,505 12.81% 14,374
5 Year 12.32% 17,880 13.15% 18,556 11.15% 16,966
Since Inception (CAGR) - Existing Plan/Regular 10.40% 21,318 NA NA 9.93% 20,643
Plan
Since Inception (CAGR) – Direct NA NA 11.29% 22,676 9.93% 20,643
Edelweiss Greater China Equity Off-Shore Fund

Allotment Date: August 26, 2009 Allotment Date: January 1, 2013 MSCI Golden Dragon Index
1 Year 67.30% 16,730 68.77% 16,877 44.56% 14,456
3 Year 23.58% 18,916 24.64% 19,409 12.72% 14,340
5 Year 23.77% 29,060 24.91% 30,429 15.78% 20,814
Plan
Edelweiss US Technology Equity Fund of Fund

Allotment Date: August 26, 2009 Allotment Date: January 1, 2013 MSCI Golden Dragon Index
1 Year 90.30% 19,030 92.65% 19,265 81.23% 18,123
Plan

Trustee’s Report
INDEX FUND SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021:

Performance not provided as the scheme is in existence for less than 6 months.
#Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.
$ Standard Benchmark prescribed by SEBI vide circular dated August 22, 2011.
@ Returns are annualized.
^ Name of the Scheme was changed from Edelweiss Multi Cap Fund to Edelweiss Flexi Cap Fund and Edelweiss Dynamic Bond Fund to
Edelweiss Money Market Fund.
NET ASSET VALUE (“NAV”) AND ASSETS UNDER MANAGEMENT (AUM) AS ON MARCH 31, 2021:
Scheme Name AUM Plan NAV (in Rs.)
(Rs. In Crores)
Edelweiss Maiden Opportunities Fund - Series 1 513.58 Direct Plan – IDCW 15.2634
Direct Plan Growth 15.2634
Regular Plan – IDCW 15.049
Regular Plan - Growth 15.049
Edelweiss Balanced Advantage Fund 3328.56 Direct Plan - IDCW Dividend 19.16
Direct Plan - Growth 33.91
Regular - IDCW 15.61
Direct Plan – IDCW Dividend 21.9
Regular Plan - IDCW Dividend 19.82
Edelweiss Arbitrage Fund 3725.74 Direct Plan - IDCW 11.2572
Direct Plan – Growth 15.7473
Regular Plan – IDCW 11.0951
Regular Plan – Growth 15.12
Direct Plan – Monthly IDCW 11.2572
Regular Plan - Monthly IDCW 12.3526
Retail Plan - Bonus 15.1223
Edelweiss Equity Savings Fund 92.96 Direct Plan - Growth 17.619
Direct Plan - IDCW 12.9912
Direct Plan – Monthly IDCW 13.761
Regular Plan - Monthly IDCW 13.111
Retail Plan - Bonus 16.7974
Regular Plan - IDCW 11.7907
Edelweiss Aggressive Hybrid Fund 35.19 Plan B - IDCW 32.25
Plan B - Growth 31.64
Edelweiss Large & Mid Cap Fund 697.58 Direct Plan - Growth 47.356
Edelweiss Large Cap Fund 232.12 Regular Plan - IDCW 20.96
Plan B - IDCW 46.73
Plan B – Growth 46.18
Plan C – IDCW 37.25
Plan C – Growth 45.57
Direct Plan – Growth 49.39
Edelweiss Flexi Cap Fund 680.05 Direct Plan - Growth 20.275
Edelweiss Long Term Equity Fund (Tax Savings) 164.85 Direct Plan - IDCW 24.27

Trustee’s Report
Scheme Name AUM Plan NAV (in Rs.)

(Rs. In Crores)
Edelweiss Mid Cap Fund 1215.25 Direct Plan – Growth 43.257
Edelweiss Small Cap Fund 751.34 Direct Plan - Growth 18.333
Edelweiss ETF - Nifty Bank 1.25 Direct Plan - Growth 3362.3832
Edelweiss ETF - Nifty 50 2.48 Direct Plan - Growth 15965.2143
Edelweiss ETF - Nifty 100 Quality 30 10.70 Direct Plan - Growth 358.4795
Edelweiss ASEAN Equity Off-shore Fund 57.58 Direct Plan – Growth 24.43
Edelweiss Europe Dynamic Equity Off-shore 42.32 Direct Plan – Growth 15.1993
Fund Regular Plan - Growth 14.2838
Edelweiss Emerging Markets Opportunities 87.65 Direct Plan – Growth 18.4334
Equity Off-shore Fund Regular Plan - Growth 17.6295
Edelweiss Greater China Equity Off-shore Fund 1285.10 Direct Plan – Growth 56.577
Edelweiss US Value Equity Off shore fund 58.66 Direct Plan – Growth 22.6755
Regular Plan Growth 21.3175
Edelweiss US Technology Equity Fund of Fund 1163.28 Direct Plan – Growth 17.6208
Edelweiss MSCI India Domestic & World 140.69 Direct Plan - Growth 10.9192
Healthcare 45 Index Fund Direct Plan - IDCW 10.9192
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
Since Inception returns are calculated on Rs. 10 invested at inception of the Scheme. Returns shown above are for Growth Option only.
Performance of the IDCW Option for the investor would be net of the dividend distribution tax, as applicable. In case start /end date of the
relevant period is a non-Business Day, the NAV of the previous Business Day is considered for computation of returns.
IDCW: Income Distribution cum Capital Withdrawal
Brief Comments on Scheme performance:

The Equity scheme(s) have performed relatively well in light of the uncertain and tough market conditions. The markets went through
severe turmoil towards the end of the year due to Covid pandemic related fears.
The Debt scheme(s) have out performed its benchmark in the financial year 2020-21 except Edelweiss Corporate Bond Fund, which has
under-performed its benchmark amid its potential merger with Edelweiss Money Market Fund and higher allocation to cash.
Scheme wise changes in Risk-o-meter as required under SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated
October 05, 2020
Scheme name Risk-o-meter level at start Risk-o-meter level at end Number of changes in
of the financial year of the financial year Risk-o-meter during the
financial year
Edelweiss Money Market Fund Low to Moderate Low to Moderate 0
Bharat Bond ETF - April 2023 Low to Moderate Low to Moderate 0
Bharat Bond ETF - April 2025 Moderate Moderate 0
Edelweiss Banking and PSU Debt Fund Moderate Moderate 0
Bharat Bond FOF - April 2023 Low to Moderate Low to Moderate 0
Bharat Bond FOF - April 2025 Moderate Moderate 0
Bharat Bond FOF - April 2030 Moderately High Moderately High 2
Bharat Bond FOF - April 2031 Moderate Moderate 0
Edelweiss Government Securities Fund Moderate Low to Moderate 1
Edelweiss Overnight Fund Low Low 0
Edelweiss Arbitrage Fund Low Low 0
Edelweiss Balanced Advantage Fund Very High High 1
Edelweiss Large Cap Fund Very High Very High 0
Edelweiss Flexi-Cap Fund Very High Very High 0
Edelweiss Long Term Equity Fund (Tax Saving) Very High Very High 0

Trustee’s Report
Scheme name Risk-o-meter level at start Risk-o-meter level at end Number of changes in
of the financial year of the financial year Risk-o-meter during the
financial year
Edelweiss Large & Mid Cap Fund Very High Very High 0
Edelweiss Small Cap Fund Very High Very High 0
Edelweiss Recently Listed IPO Fund Very High Very High 0
Edelweiss ETF - NIFTY 50 Very High Very High 0
Edelweiss ETF - Nifty Bank Very High Very High 0
EDELWEISS ETF - NIFTY 100 QUALITY 30 Very High Very High 0
Edelweiss Mid Cap Fund Very High Very High 0
Edelweiss Fixed Maturity Plan - Series 49 Low to Moderate Low to Moderate 0
Edelweiss Fixed Maturity Plan - Series 55 Moderate Moderate 0
Edelweiss Liquid Fund Low to Moderate Low to Moderate 0
Edelweiss ASEAN Equity Off-shore Fund Very High Very High 0
Edelweiss Greater China Equity Off-shore Fund Very High Very High 0
Edelweiss MSCI India Domestic & World Very High Very High 0
Healthcare 45 Index Fund
Edelweiss Europe Dynamic Equity Offshore Fund Very High Very High 0
Edelweiss Emerging Markets Opportunities Very High Very High 0
Equity Offshore Fund
Edelweiss US Value Equity Offshore Fund Very High Very High 0
Edelweiss US Technology Equity FOF Very High Very High 0
Edelweiss NY PSU BD PL SDL IDX Fund-2026 Moderate Moderate 0
Edelweiss Equity Savings Fund Moderately High Moderately High 0
Edelweiss Aggressive Hybrid Fund Very High Very High 0
B. Future Outlook:
Equity Segment:
FY 2020-21 started right in the middle of an unprecedented covid crisis, and a harsh economic lockdown imposed to contain the virus. This
resulted in Indian economy shrinking by almost a quarter in the first three months of FY21. Subsequently through the year economy started
gradually recovering and gathered pace from the third quarter. Equity market too started recovering after a steep fall of March 2020 also
gathering steam in the second half. Towards the end of FY21, second wave came as a nasty surprise. Despite pressures, the government
refrained from imposing national lockdowns resulting in localized economic impact much less severe compared to the first wave last year.
Overall, listed corporates coped well with this crisis and the theme of strong getting stronger became more pronounced across sectors.
Strong rebound in the economy, solid corporate performance and good demand for equities resulted in equity markets performing well in
FY21.
S&P BSE SENSEX index (Sensex) - as a proxy for large cap stocks - delivered 68% returns in FY21. Returns from midcap stocks were better
- with Nifty Midcap 100 index up 102%. Small cap stocks performed even better with NSE Nifty Smallcap 250 index up 117%. FIIs bought
about USD 37.3bn while DIIs sold USD 18.2bn worth of equities through the year. An interesting feature of last year was growing salience
of non-institutional investors like in many other international markets.
Through the year, RBI did a lot of heavy lifting in responding to the economic disruption caused by the pandemic. While fiscal response
was delayed, it finally came in as a positive surprise during the presentation of the budget in early February 2021. In a big deviation from
its conservative stance; government chose to have a higher fiscal deficit for longer and spending the money to pump-prime the economy.
We believe that both the RBI and the government are determined to induce growth in the economy which is the right way to overcome
pandemic related pain. These steps along with faster vaccination drive will help in healing the economy back to health. We do believe that
after bottoming out early in FY21, economic growth will continue to accelerate. This will also reflect in higher earnings growth trajectory
of Indian corporates over the medium term compared to lacklustre growth several years prior to FY20. Higher earnings growth can be
supportive to equity markets even though valuations remain at higher than average levels. However, investors should be mentally prepared
for increased volatility and corrections from time to time after a solid absolute performance of the market last year.
Debt Segment:
Financial Year 2021 will not be easily forgotten due to heavy & ongoing socio-economic damage inflicted upon by the pandemic. India’s
economic growth fell by 7.3% y/y in FY21 amid the nationwide lockdown that lasted till early June 2021 and caused massive stress on
personal and financial wellbeing of most businesses.
Government bond yields rose initially in response to announcement of first lockdown in March 2021 as market participants decided to raise
liquidity and reduce risk across all financial assets. However, timely and coordinated measures by global central banks, including the RBI, to
inject liquidity in the banking system through temporary cut in Cash Reserve Ratio (CRR) and policy rates infused great deal of confidence
in financial markets.
Bond prices gained smartly in response to RBI’s commitment to market participants to backstop any potential threat to India’s financial
stability through bond purchases and keep banking system liquidity in surplus mode calmed investor’s nerves. Yield of benchmark 10Y
government bond touched a low of 5.75% in July 2021 as the RBI walked the talk with large purchase of government bonds through Open
Market Purchase Operations (OMO) and drove bond yields lower. On balance, the RBI purchased around Rs. 3.2 trillion worth of bonds from
the secondary market in FY21.
The might of the RBI’s monetary prowess was in full display in FY21 when it allowed banks and non-bank lenders (NBFC/HFC) to offer
moratorium to their customers who were affected by the pandemic. This measure, along with the GOI’s Rs. 3 trillion worth of Emergency
Credit Line Guarantee Scheme (ECLGS) at lower rates, resulted in sharp decline in credit spreads of non-AAA NBFC / HFCs and provided
them with access to much needed liquidity during these tough times and averted solvency risk for several small & medium-size businesses.

Trustee’s Report
Government bond yields began to trend higher in early Q4FY21 amid news of Covid-19 vaccine and a democratic win in the US Presidential
elections. Expectations of expansionary US fiscal policy, sharp increase in US economic growth and associated risk of inflation led to sharp
jump in US treasury yields. This led to commensurate increase in yields of Indian government bonds as well in Jan & Feb 2021. Yields of
10Y IGB increased by around 50 bp to touch a peak of 6.25% in mid-March 2021 before RBI’s intervention pulled it lower.
Consumer price inflation (CPI) remained stubbornly higher in India and above RBI’s upper range of 6% for most months in FY21 amid
massive disruptions in supply-side of the economy amid lockdowns and associated issues. However, the MPC’s pragmatic and correct
judgement to focus on the revival of economic growth was widely appreciated by bond market participants.
On balance, the pandemic has caused irreparable harm to India’s $5 trillion economy dream by FY24. India’s public debt to GDP ratio has
shot up to ~90% in FY21 from ~70% in FY20. Fiscal deficit has shot up to ~9% of GDP in FY21 from 3.5% in FY20. India will have to generate
a sustained economic growth of 7%+ over the next five years to catch up. This will only be possible through a combination of strong
political will for reforms, out-of-the-box policy measures and continuation of supportive monetary policy for the foreseeable future, in our
opinion.
Bond Market Outlook for FY21:

India’s bond market has survived the pandemic scare of FY21 only because of the tremendous support from the RBI. There is little room to
expand fiscal spending further without commensurate increase in revenues. Bond market has reposed enormous trust in the RBI and its
ability to guide the market into the unknown-unknown.
However, FY22 will force the RBI to deal with remnants of the excesses and find ways to normalize at appropriate time. India’s inflation has
already begun to draw attention of the market participants with sticky & elevated core CPI that is gradually getting broad-based. Currently,
the RBI is singularly focused on revival of economic growth. However, at some point, the RBI will have to deal with this prickly issue in a
suitable manner and will have to sequence its exit without disturbing bond market sentiment.
RBI will also have to communicate effectively about its gradual pulling out of OMO bond purchases at some point. Bond market is getting
used to RBI buying bonds from the open market. Any negative surprise or misreading on this may cause sudden spike in government bond
yields at the most inopportune time.
FY21 was a decent year for bond market investors in terms of price gain due to decline in yields. We expect FY22 to be a tough year for bond
investors with expectations of low, single-digit returns. Patience will be tested.
c. Operations support for the schemes:

The AMC/ Mutual Fund currently has 13 branches in addition to the branches of the Registrar and Transfer Agent, with a view to rendering
timely and efficient customer service.
2. Brief Background of the Fund, the Sponsor, the Trustee Company and the AMC
(a) Edelweiss Mutual Fund
Edelweiss Mutual Fund (EMF) is set up as a trust under the Indian Trusts Act, 1882 vide Trust Deed dated 30th January 2008 and is duly
registered under the Indian Registration Act, 1908, executed between Edelweiss Financial Services Limited (Formerly Edelweiss Capital
Limited) and Edelweiss Trusteeship Company Limited with restricted liability of Rs. 1 lakh. The Trustee has entered into an Investment
Management Agreement dated 30th January, 2008 with Edelweiss Asset Management Limited to act as Investment Manager to all the
schemes of EMF. EMF was registered with SEBI on 30th April 2008 under registration code: MF/057/08/02.
(b) Edelweiss Financial Services Ltd (Sponsor)

Edelweiss Financial Services Limited (formerly Edelweiss Capital Limited) (“EFSL”) offers a full range of services and transactions expertise,
including capital raising services in public markets, private placements of equity, mezzanine and convertible debt, mergers and acquisitions
and restructuring advisory services.
(c) Edelweiss Trusteeship Company Limited (Trustee)

The Trustee is the exclusive owner of the Trust Fund and holds the same in the trust for the benefit of the Unit holders. The Trustee has been
discharging its duties and carrying out the responsibilities as provided in the SEBI (Mutual Funds) Regulations, 1996 (“Regulations”) and
the Trust Deed. The Trustee seeks to ensure that the Fund and the schemes floated there under are managed by the AMC in accordance
with the Trust Deed, the Regulations, directions and guidelines issued by the SEBI, the Stock Exchanges, the Association of Mutual Funds
in India and other regulatory agencies.
(d) Edelweiss Asset Management Limited (AMC)

Edelweiss Asset Management Limited, a subsidiary of EFSL, is the designated Asset Management Company acting as the Investment
Manager to the Fund. Further, during the period under review it has also undertaken other business activity of offering Portfolio Management
Services w.e.f February 1, 2019 as well as acting as an Investment Manager to the schemes of Alternative Investment Funds (“AIFs”) w.e.f.
April 1, 2018.
3. Investment Objectives of the Schemes:

Edelweiss Arbitrage Fund - The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities
in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by
investing the balance in debt and money market instruments. However, there is no assurance that the investment objective of the scheme will
be realized.
Edelweiss Equity Savings Fund - The investment objective of the scheme is to provide capital appreciation and income distribution to the
investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.
However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the
scheme does not assure or guarantee any returns.
Edelweiss Balanced Advantage Fund - The primary objective of the Scheme is to generate capital appreciation with relatively lower volatility over
a longer tenure of time. The Scheme will accordingly invest in equities, arbitrage opportunities and derivative strategies on the one hand and
debt and money market instruments on the other. The Scheme may also invest in Infrastructure Investment Trusts and Real Estate Investment
Trusts. However there is no assurance that the investment objective of the Scheme will be realized.

Trustee’s Report
Edelweiss Large Cap Fund - The investment objective is to seek to generate long-term capital appreciation from a portfolio predominantly
consisting equity and equity-related securities of the 100 largest corporate 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.
Edelweiss Large & Mid Cap Fund - The investment objective of the Scheme is to generate long-term capital appreciation from a diversified
portfolio of predominantly Large Cap and Mid Cap equity and equity-related securities. However, there is no assurance that the investment
objective of the scheme will be realized.
Edelweiss Mid Cap Fund - The investment objective is to seek to generate long-term capital appreciation from a portfolio that predominantly
invests in equity and equity-related securities of Mid Cap companies. However, there can be no assurance that the investment objective of the
Scheme will be realized.
Edelweiss Small Cap Fund - The investment objective of the scheme is to generate long term capital appreciation from a portfolio that
predominantly invests in equity and equity related securities of small cap companies. 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.
Edelweiss Multi-Cap Fund - The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio that
dynamically invests in equity and equity-related securities of companies across various market capitalisation. 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.
Edelweiss Long Term Equity Fund (Tax Savings) - The primary objective of the Scheme is to generate long-term capital appreciation with an
option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments.
However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any
returns.
Edelweiss Aggressive Hybrid Fund - The investment objective of the scheme is to generate long term growth of capital and current income
through a portfolio investing predominantly in equity and equity related instruments and the balance in debt and money market securities.
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.
Edelweiss ETF - Nifty 50 - The investment objective of the Scheme is to provide returns before expenses that closely correspond to the total
returns of the Nifty 50 subject to tracking errors. 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.
Edelweiss ETF - Nifty Bank - The investment objective of the scheme is to provide returns before expenses that closely correspond to the total
returns of the Nifty Bank Index subject to tracking errors. 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.
Edelweiss ETF - Nifty 100 Quality 30 - The investment objective of the scheme is to provide returns before expenses that closely correspond
to the total returns of the Nifty Quality 30 Index subject to tracking errors. 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.
BHARAT Bond ETF – April 2023 - The investment objective of the scheme is to track the Nifty BHARAT Bond Index – April 2023 by investing in
bonds of AAA-rated CPSEs/CPSUs/CPFIs and other Government organizations, subject to tracking errors. 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.
BHARAT Bond FOF – April 2023 - BHARAT Bond FOF – April 2023 is a fund of funds scheme with the primary objective to generate returns by
investing in units of BHARAT Bond ETF – April 2023. However, there is no assurance that the investment objective of the Scheme will be realized.
Edelweiss Liquid Fund - The investment objective of the Scheme is to provide reasonable returns, commensurate with low risk while providing
a high level of liquidity, through a portfolio of money market and debt securities. However there can be no assurance that the investment
objectives of the Scheme will be realized.
Edelweiss Overnight Fund - The investment objective of the scheme is to seek to generate returns commensurate with risk of investments in
overnight instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not
assure or guarantee any returns.
Edelweiss Banking and PSU Debt Fund – The investment objective of the Scheme is to generate returns commensurate with risks of investing in
a portfolio of Debt Securities and Money Market Instruments issued by Banks, Public Sector Undertakings, Public Financial Institutions, entities
majorly owned by Central and State Governments and Municipal Bonds. However, there can be no assurance that the investment objective of
the scheme will be realized.
Edelweiss Corporate Bond Fund – The investment objective of the Scheme is to generate returns commensurate with risks of investing in a
portfolio comprising of AA+ and above rated Corporate Bonds across the maturity spectrum. However, there can be no assurance that the
investment objectives of the Scheme will be realized.

Trustee’s Report
Edelweiss Money Market Fund - The investment objective of the scheme is to generate returns commensurate with the risk of investing in
money market instruments having maturity upto 1 year. However, there can be no assurance that the investment objective of the Scheme will be
realized.
Edelweiss Government Securities Fund – The investment objective of the Scheme is to generate income through investment in Securities of
various maturities issued and / or created by the Central Government and State Governments of India. However, there can be no assurance that
the investment objectives of the Scheme will be realized.
Edelweiss ASEAN Equity Off-Shore Fund - The primary investment objective of the Scheme is to provide long term capital growth by investing
predominantly in JPMorgan Funds – ASEAN Equity Fund, an equity fund which invests primarily in companies of countries which are members
of the Association of South East Asian Nations (ASEAN). However, there can be no assurance that the investment objective of the Scheme will
be realized.
Edelweiss Greater China Equity Off-Shore Fund - The primary investment objective of the Scheme is to provide long term capital appreciation
by investing in JPMorgan Funds - Greater China Fund, an equity fund which invests primarily in a diversified portfolio of companies that are
domiciled in, or carrying out the main part of their economic activity in, a country of Greater China region. However, there can be no assurance
that the investment objective of the Scheme will be realized.
Edelweiss Europe Dynamic Equity Off-Shore Fund - The primary investment objective of the Scheme is to seek to provide long term capital
growth by investing predominantly in the JPMorgan Funds - Europe Dynamic Fund, an equity fund which invests primarily in an aggressively
managed portfolio of European companies. However, there can be no assurance that the investment objective of the Scheme will be realized.
Edelweiss Emerging Markets Opportunities Equity Offshore Fund - The primary investment objective of the Scheme is to seek to provide long
term capital growth by investing predominantly in the JPMorgan Funds - Emerging Markets Opportunities Fund, an equity fund which invests
primarily in an aggressively managed portfolio of emerging market companies. However, there can be no assurance that the investment objective
of the Scheme will be realized.
Edelweiss US Value Equity Off-Shore Fund - The primary investment objective of the Scheme is to seek to provide long term capital growth by
investing predominantly in the JPMorgan Funds - US Value Fund, an equity fund which invests primarily in a value style biased portfolio of US
companies. However, there can be no assurance that the investment objective of the Scheme will be realized.
Edelweiss US Technology Equity Fund of Fund - The primary investment objective of the scheme is to seek to provide long term capital growth
by investing predominantly in JPMorgan Funds – US Technology Funds, an equity fund which invests primarily in US technology companies
with strong fundamentals. 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.
Edelweiss Fixed Maturity Plan – Series 49 - To generate income through investment in Debt and Money Market Securities maturing on or before
the Maturity Date of the Scheme. 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.
Edelweiss Fixed Maturity Plan – Series 55 - To generate income through investment in Debt and Money Market Securities maturing on or before
the Maturity Date of the Scheme. 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.
Edelweiss Maiden Opportunities Fund - Series 1 - The investment objective of the Scheme is to seek to provide capital appreciation by investing
in equity and equity related securities of companies across various market capitalization, which are new in the sector, early in their growth
stage and are poised to benefit from the India growth story in the long-term. 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.
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund- The Scheme will invest in stocks comprising of the MSCI India Domestic &
World Healthcare 45 Index with the objective to provide investment returns that, before expenses, closely corresponds to the returns equivalent
to the index, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme.
Edelweiss NIFTY PSU Bond Plus SDL Index Fund – 2026 - The investment objective of the scheme is to track the Nifty PSU Bond Plus SDL Apr
2026 50:50 Index by investing in AAA rated PSU Bonds and SDLs, maturing on or before April 2026, subject to tracking errors. 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.
4. Significant Accounting Policies

Accounting Policies are in accordance with Securities Exchange Board of India (Mutual Funds) Regulations, 1996.
5. Unclaimed Dividends and Redemptions

As on March 31, 2021, Unclaimed Redemptions amount was Rs. 1,54,25,601.69 and Unclaimed Dividend was Rs. 1,14,56,220.98.
Summary of No. of Investors & corresponding amount is as under:
Scheme Name No of Investor Unclaimed No of Investor Unclaimed

Dividend Amount Redemption
(Rs.) Amount (Rs.)
Edelweiss Aggressive Hybrid Fund 23 3907.86 0 0
Edelweiss Arbitrage Fund 46 214880.4 1 50541.77
Edelweiss ASEAN Equity Off-shore Fund 0 0 2 100923
Edelweiss Balanced Advantage Fund 394 1990143.35 10 248070.26
Edelweiss Money Market Fund 0 0 1 45000
Edelweiss Equity Savings Fund 4 46375.4 1 10421.37
Edelweiss Fixed Maturity Plan - Series 35 0 0 1 152965
Edelweiss Fixed Maturity Plan - Series 502 0 0 3 2212980
Edelweiss Greater China Equity Off-shore Fund 0 0 2 11531.14
Edelweiss Income Fund Series 501 0 0 4 4344376.5

Trustee’s Report
Scheme Name No of Investor Unclaimed No of Investor Unclaimed

Dividend Amount Redemption
(Rs.) Amount (Rs.)
Edelweiss Large & Mid Cap Fund 9147 4598718.47 72 4443944.14
Edelweiss Large Cap Fund 89 679495.28 17 743323.9
Edelweiss Liquid Fund 86 17184.97 34 588168.59
Edelweiss Long Term Equity Fund(Tax Savings) 487 641366.17 4 262669.51
Edelweiss Low Duration Fund 7 189.71 1 663.24
Edelweiss Mid Cap Fund 650 3261277.37 44 1945107.49
Edelweiss Flexi Cap Fund 1 502.41 2 38609.4
Edelweiss Short Term Fund 2 2179.59 0 0
Edelweiss US Value Equity Off shore fund 0 0 1 4355.88
Edelweiss Fixed Maturity Plan Series 14 0 0 1 221950.5
Grand Total 10936 11456220.98 201 15425601.69
6. Details of Investor Complaints:

A report on the details of investor complaints received by the Fund during the year ended March 31, 2020 is annexed hereto as Annexure – I and
forms an integral part of this Report.
7. Disclosures on corporate governance in listed companies:

As per the requirements of SEBI Circular No. SEBI/IMD/CIR No. 18/198647/2010 dated March 15, 2010 and subsequent circular(s) thereto with
regard to “Role of Mutual Funds in Corporate Governance of Public Listed Companies”, Edelweiss Asset Management Limited has formulated its
“Voting Rights Policy”. However, with effect from July 1, 2020 the said policy was superseded by Stewardship Code and the same was uploaded
on the website. The Voting Policy https://www.edelweissmf.com/Files/Voting-Rights-Policy-of-Edelweiss-Asset-Management-Limited.pdf,
Stewardship Code (https://www.edelweissmf.com/Files/Policy_on_Stewardship_Responsibilities.pdf) and details of actual exercise of proxy
votes along with the summary of votes cast and the scrutinizer certification during the Financial Year 2020 – 2021 (https://www.edelweissmf.
com/statutory#Proxy-Votes) is available on its website and shall be construed as being part of the full Annual Report for the Financial Year
2020 – 2021.
8. Statutory Information
a) The Sponsor (Edelweiss Financial Services Limited) is not responsible or liable for any loss resulting from the operations of the schemes
of the Fund beyond their initial contribution (to the extent contributed) of Rs.100,000/- for setting up the Fund, and such other accretions/
additions to the same.
b) The price and redemption value of the units, and income from them, can go up as well as down with fluctuations in the market value of its
underlying investments.
c) Full Annual Report shall be disclosed on the website of the Fund (www.edelweissmf.com) and shall be available for inspection at the Head
Office of the Mutual Fund. Present and prospective unit holders can obtain copy of the Trust Deed, the full Annual Report of the Fund/AMC
at a price.
9. Acknowledgements
We wish to thank the unit holders of the schemes for their support. We also thank the Securities and Exchange Board of India, the Reserve Bank
of India and the Association of Mutual Funds in India for the guidance provided by them. We appreciate the services provided by all our service
providers. The perseverance, sincerity and dedication of the employees of the AMC are greatly appreciated.
For and on behalf of Edelweiss Trusteeship Company Limited
Sd/- Sd/-
Mr. Himanshu Kaji Mr. Kedar Desai
Director Director
Place: Mumbai
Date: July 23, 2021
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Redressal of Complaints
received against Mutual Funds during 2020-21
Annexure - I
Redressal of Complaints received against Mutual Funds (MFs) during 2020-21
Edelweiss Mutual Fund
Total Number of Folios : 551680
Complaint Type of Complaint# (a) No. of Action on (a) and (b)
Code complaints
pending at the (b) No. of Resolved Non Pending
beginning of the Complaints Actionable*
year received during Within 30 30-60 60-180 Beyond 0-3 3-6 6-9 9-12
the year days days days 180 days months months months months
IA Non receipt of Dividend on Units 0 0 0 0 0 0 0 0 0 0 0
IB Interest on delayed payment of 0 0 0 0 0 0 0 0 0 0 0

Dividend
IC Non receipt of Redemption 0 5 5 0 0 0 0 0 0 0 0

Proceeds
ID Interest on delayed payment of 0 0 0 0 0 0 0 0 0 0 0

Redemption
II A Non receipt of Statement of 0 2 2 0 0 0 0 0 0 0 0

Account/Unit Certificate
II B Discrepancy in Statement of 0 4 4 0 0 0 0 0 0 0 0
Account
II C Data corrections in Investor 0 199 199 0 0 0 0 0 0 0 0

details
II D Non receipt of Annual Report/ 0 0 0 0 0 0 0 0 0 0 0

Abridged Summary
III A Wrong switch between Schemes 0 0 0 0 0 0 0 0 0 0 0
III B Unauthorized switch between 0 0 0 0 0 0 0 0 0 0 0

Schemes
III C Deviation from Scheme 0 0 0 0 0 0 0 0 0 0 0

attributes
III D Wrong or excess charges/load 0 0 0 0 0 0 0 0 0 0 0
III E Non updation of changes viz. 0 0 0 0 0 0 0 0 0 0 0

address, PAN, bank details,
nomination, etc
IV Others** 0 126 124 2 0 0 0 0 0 0 0
Total 0 336 334 2 0 0 0 0 0 0 0
** Breakup of Others (IV)
VA Website Transaction failure 0 49 49 0 0 0 0 0 0 0 0
VB Interest on delayed refund of 0 3 2 1 0 0 0 0 0 0 0

Purchase
VC General Query 0 11 11 0 0 0 0 0 0 0 0
VD Unit Allotment Related 0 13 13 0 0 0 0 0 0 0 0
VE SIP Related query 0 20 19 1 0 0 0 0 0 0 0
VF Delay in Processing 0 7 7 0 0 0 0 0 0 0 0
VG Processing Error 0 23 23 0 0 0 0 0 0 0 0
Total 0 126 124 2 0 0 0 0 0 0 0
# including against its authorized persons/ distributors/ employees etc.

*Non actionable means the complaint that are incomplete / outside the scope of the mutual fund
** If others include a type of complaint which is more than 10% of overall complaint, provide that reason separately
Example : Complaint number from I A to III E is 1000 and Others alone is 500 and transmission linked complaints (within others) are 200 then provide
Transmission as separate reason (V) along with all other parameters

Independent Auditor’s Report
B S R & Associates LLP

Chartered Accountants
14th Floor, Central B Wing and North C Wing, Telephone: +91 22 6257 1000
Nesco IT Park 4, Nesco Center, Fax: +91 22 6257 1010
Western Express Highway,
Goregaon (East), Mumbai - 400063
To the Trustees of Edelweiss Mutual Fund

Report on the abridged financial statements
The accompanying abridged financial statements, which comprise of the abridged balance sheet as at 31 March 2021 and the abridged revenue
account for the year ended 31 March 2021 and related notes of Edelweiss Long Term Equity Fund (Tax Savings) (the ‘Scheme’) are derived from
the audited financial statements of the Scheme for the year ended 31 March, 2021. We expressed an unmodified audit opinion on those financial
statements in our report dated 23 July 2021.
These abridged financial statements have been prepared by Edelweiss Asset Management Limited, the Scheme’s Asset Manager (the ‘AMC’) pursuant
to Regulation 56 (1) of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and amendments thereto (the ‘SEBI Regulations’)
and as per the format prescribed by SEBI vide circular number SEBI/IMD/CIR No.8/132968/2008 dated 24 July 2008 (the ‘Circular’) and are derived
from the audited financial statements for the year ended 31 March 2021, which have been prepared in accordance with the accounting policies and
standards specified in the Ninth Schedule to the SEBI Regulations and generally accepted accounting principles in India to the extent applicable and
covered by our report of even date to Edelweiss Trusteeship Company Limited, the Trustees of Edelweiss Mutual Fund (the ‘Trustees’).
The abridged financial statements do not contain all the disclosures required by the accounting principles generally accepted in India, including the
accounting policies and standards specified in the Ninth Schedule to the SEBI Regulations. Reading the abridged financial statements, therefore, is
not a substitute for reading the audited financial statements of the Scheme.
Responsibilities of Management and Those Charged with Governance for the Abridged Financial Statements
The Scheme’s management, the Board of Directors of the Trustees and the Board of Directors of the AMC (collectively referred to as ‘Management’)
are responsible for the preparation of the abridged financial statements from the audited financial statements of the Scheme pursuant to Regulation
56 (1) of the SEBI Regulations, and in accordance with the format prescribed by SEBI vide circular number SEBI/IMD/CIR No.8/132968/2008 dated
24 July 2008.
In preparing the Scheme’s financial statements, management is responsible for assessing the Scheme’s ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to
liquidate the Scheme or to cease operations, or has no realistic alternative but to do so.
Auditor’s Responsibilities for the Abridged Financial Statements

Our responsibility is to express an opinion on the abridged financial statements based on our procedures, which were conducted in accordance with
Standard on Auditing (SA) 810, “Engagements to Report on Summary Financial Statements” issued by the Institute of Chartered Accountants of India.
We are also responsible to conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Scheme’s ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in the auditor’s report to the related
disclosures in the financial statements or, if such disclosures are inadequate, to modify the opinion. Our conclusions are based on the audit evidence
obtained up to the date of the auditor’s report. However, future events or conditions may cause the Scheme to cease to continue as a going concern.
Opinion
In our opinion, the abridged financial statements, derived from the audited financial statements of the Scheme as at 31 March 2021 and for the year
ended 31 March 2021 are a fair summary of those financial statements, in accordance with the accounting policies and standards specified in the
Ninth Schedule to the SEBI Regulations and Generally Accepted Accounting Principles in India to the extent applicable and are in accordance with the
format prescribed by SEBI circular number SEBI/IMD/CIR No.8/132968/2008 dated 24 July 2008.
For B S R & Associates LLP

Firm’s Registration No: 116231W/W-100024
Nitesh Shetty
Partner
Membership No. 123493
UDIN: 21123493AAAADB8661
Place: Mumbai
Date: 23 July 2021
Registered Office:
B S R & Associates (a partnership firm with Registration No. BA69226) converted into B S R & Associates LLP (a Limited 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center,
Liability Partnership with LLP Registration No. AAB-8182) with effect from October 14, 2013 Western Express Highway, Goregaon (East), Mumbai - 400063

Independent Auditor’s Report (Contd.)


account for the year ended 31 March 2021 and related notes of Edelweiss Large Cap Fund (the ‘Scheme’) are derived from the audited financial
statements of the Scheme for the year ended 31 March, 2021. We expressed an unmodified audit opinion on those financial statements in our report
dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAACZ6015
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss Aggressive Hybrid Fund
account for the year ended 31 March 2021 and related notes of Edelweiss Aggressive Hybrid Fund (the ‘Scheme’) are derived from the audited
financial statements of the Scheme for the year ended 31 March, 2021. We expressed an unmodified audit opinion on those financial statements in
our report dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADJ3674
Place: Mumbai
Date: 23 July 2021
Registered Office:



account for the year ended 31 March 2021 and related notes of Edelweiss Balanced Advantage Fund(the ‘Scheme’) are derived from the audited
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAACY6841
Place: Mumbai
Date: 23 July 2021
Registered Office:



account for the year ended 31 March 2021 and related notes of Edelweiss Arbitrage Fund(the ‘Scheme’) are derived from the audited financial
dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAACX7339
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss ETF - NIFTY 50
account for the year ended 31 March 2021 and related notes of Edelweiss ETF - NIFTY 50 (the ‘Scheme’) are derived from the audited financial
dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADG6351
Place: Mumbai
Date: 23 July 2021
Registered Office:



account for the year ended 31 March 2021 and related notes of Edelweiss ETF - Nifty Bank (the ‘Scheme’) are derived from the audited financial
dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADH6431
Place: Mumbai
Date: 23 July 2021
Registered Office:



account for the year ended 31 March 2021 and related notes of Edelweiss ETF - Nifty 100 Quality 30 (the ‘Scheme’) are derived from the audited
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADI2876
Place: Mumbai
Date: 23 July 2021
Registered Office:



account for the year ended 31 March 2021 and related notes of Edelweiss Equity Savings Fund (the ‘Scheme’) are derived from the audited financial
dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADE2452
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss Flexi-Cap Fund (Formerly known as Edelweiss Multi-Cap Fund)
account for the year ended 31 March 2021 and related notes of Edelweiss Flexi-Cap Fund (Formerly known as Edelweiss Multi-Cap Fund) (the
‘Scheme’) are derived from the audited financial statements of the Scheme for the year ended 31 March, 2021. We expressed an unmodified audit
opinion on those financial statements in our report dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADA4759
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss Large & Mid Cap Fund
account for the year ended 31 March 2021 and related notes of Edelweiss Large & Mid Cap Fund(the ‘Scheme’) are derived from the audited financial
dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADC9059
Place: Mumbai
Date: 23 July 2021
Registered Office:



account for the year ended 31 March 2021 and related notes of Edelweiss Mid Cap Fund (the ‘Scheme’) are derived from the audited financial
dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADK9962
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss ASEAN Equity Offshore Fund
account for the year ended 31 March 2021 and related notes of Edelweiss ASEAN Equity Offshore Fund (the ‘Scheme’) are derived from the audited
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADO9292
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss Greater China Equity Offshore Fund
account for the year ended 31 March 2021 and related notes of Edelweiss Greater China Equity Offshore Fund(the ‘Scheme’) are derived from
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAAEB9056
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss Europe Dynamic Equity Offshore Fund
account for the year ended 31 March 2021 and related notes of Edelweiss Europe Dynamic Equity Offshore Fund (the ‘Scheme’) are derived from
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAAEC6339
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss Emerging Markets Opportunities Equity Offshore Fund
account for the year ended 31 March 2021 and related notes of Edelweiss Emerging Markets Opportunities Equity Offshore Fund(the ‘Scheme’) are
derived from the audited financial statements of the Scheme for the year ended 31 March, 2021. We expressed an unmodified audit opinion on those
financial statements in our report dated 23 July 2021.
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAAED7846
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss US Value Equity Offshore Fund
account for the year ended 31 March 2021 and related notes of Edelweiss US Value Equity Offshore Fund(the ‘Scheme’) are derived from the audited
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAAEE7731
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss Maiden Opportunities Fund-SR 1
account for the year ended 31 March 2021 and related notes of Edelweiss Maiden Opportunities Fund-SR 1(the ‘Scheme’) are derived from the audited
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADF4064
Place: Mumbai
Date: 23 July 2021
Registered Office:



account for the year ended 31 March 2021 and related notes of Edelweiss Small Cap Fund(the ‘Scheme’) are derived from the audited financial
dated 23 July 2021.
from the audited financial statem ents for the year ended 31 March 2021, which have been prepared in accordance with the accounting policies and
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAADD3526
Place: Mumbai
Date: 23 July 2021
Registered Office:



Edelweiss US Technology Equity Fund of Fund

account for the year ended 31 March 2021 and related notes of Edelweiss US Technology Equity Fund of Fund (the ‘Scheme’) are derived from
24 July 2008.

Opinion

Nitesh Shetty
Partner
UDIN: 21123493AAAACO6699
Place: Mumbai
Date: 23 July 2021
Registered Office:



account for the period ended 31 March 2021 and related notes of Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund (the ‘Scheme’)
are derived from the audited financial statements of the Scheme for the period from 27 October 2020 to 31 March 2021 (the ‘Period’) then ended. We
expressed an unmodified audit opinion on those financial statements in our report dated 23 July 2021.
from the audited financial statements for the period ended 31 March 2021, which have been prepared in accordance with the accounting policies and
24 July 2008.

Opinion
In our opinion, the abridged financial statements, derived from the audited financial statements of the Scheme as at 31 March 2021 and for the period

Nitesh Shetty
Partner
UDIN: 21123493AAAAEJ4255
Place: Mumbai
Date: 23 July 2021
Registered Office:

Abridged Balance Sheet
as at March 31, 2021
Edelweiss Long Edelweiss Large Cap Edelweiss Edelweiss Balanced

Term Equity Fund Fund Aggressive Hybrid Advantage Fund
(Tax Savings) Fund
As at As at As at As at As at As at As at As at
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs
LIABILITIES
1 Unit Capital 3,538.28 3,435.19 5,274.06 5,539.50 1,344.59 581.62 116,185.70 67,575.21
2 Reserves & Surplus
2.1 Unit Premium Reserves 1,762.12 1,531.95 539.38 746.73 242.57 (36.72) 63,189.54 23,364.48
2.2 Unrealised Appreciation Reserve 4,117.55 – 4,144.20 – 387.76 – 30,311.18 79.44
2.3 Other Reserves 7,069.46 4,341.79 13,254.93 8,220.59 1,920.04 576.24 123,246.40 33,727.67
3 Loans & Borrowings – – – – – – – –
4 Current Liabilities & Provisions
4.1 Provision for doubtful Income/Deposits – – – – – – – –
4.2 Other Current Liabilities & Provisions 150.99 45.80 120.60 671.43 87.04 9.15 6,074.59 2,422.69
TOTAL 16,638.40 9,354.73 23,333.17 15,178.24 3,982.00 1,130.29 339,007.41 127,169.50
ASSETS
1 Investments
1.1 Listed Securities:
1.1.1 Equity Shares 16,069.95 8,421.20 20,742.08 12,473.55 2,891.12 750.00 271,304.84 87,819.44
1.1.2 Preference Shares – – – – – – – –
1.1.3 Equity Linked Debentures – – – – – – – –
1.1.4 Other Debentures & Bonds – – – – – – – 5,076.03
1.1.5 Securitised Debt securities – – – – – – – –
1.2 Securities Awaited Listing:
1.2.1 Equity Shares – – – – – – – –
1.2.4 Other Debentures & Bonds – – – – – – – –
1.3 Unlisted Securities
1.3.1 Equity Shares – 5.61 – 5.89 – – – 41.77
1.3.5 Securitised Debt Securities – – – – – – – –
1.4 Government Securities – – – – – – 2,637.70 –
1.5 Treasury Bills – – 690.44 – – – 17,565.59 –
1.6 Commercial Paper – – – – – – – 6,402.40
1.7 Certificate of Deposits – – – – – – 19,897.92 –
1.8 Bills Rediscounting – – – – – – – –
1.9 Units of Domestic Mutual Fund – – – – 376.39 – – –
1.10 Foreign Securities – – – – – – – –
Total Investments 16,069.95 8,426.81 21,432.52 12,479.44 3,267.51 750.00 311,406.05 99,339.64
2 Deposits 1.10 3.40 3.40 206.70 1.30 32.20 81.50 6,629.60
3 Other Current Assets
3.1 Cash & Bank Balance 113.20 190.62 157.94 287.93 85.93 94.13 1,232.65 440.71
3.2 CBLO/ Reverse Repo Lending 446.83 708.96 1,712.36 1,351.03 605.78 246.99 21,486.03 17,049.06
3.3 Others 7.32 24.94 26.95 853.14 21.48 6.96 4,801.18 3,710.50
4 Deferred Revenue Expenditure – – – – – – – –
(to the extent not written off)
TOTAL 16,638.40 9,354.73 23,333.17 15,178.24 3,982.00 1,130.29 339,007.41 127,169.50
As per our attached report of even date.

For B S R & Associates LLP For Edelweiss Trusteeship Company Limited For Edelweiss Asset Management Limited
Firm Registration Number: 116231W/W-100024 Sd/- Sd/- Sd/- Sd/-
Director Director Director Director
Nitesh Shetty
Partner Sd/- Sd/-
Membership Number: 123493 Director Chief Executive Officer
Sd/- Sd/-
Fund Manager - Equity Fund Manager - Equity
Place : Mumbai Place : Mumbai Place : Mumbai
Date : July 23, 2021 Date : July 23, 2021 Date : July 23, 2021

as at March 31, 2021 (Contd.)
Edelweiss Arbitrage Edelweiss ETF - Edelweiss ETF - Nifty Edelweiss ETF - Nifty
Fund Nifty 50 Bank 100 Quality 30
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
LIABILITIES
1 Unit Capital 244,149.62 178,853.42 0.16 0.16 0.37 0.37 29.84 63.44
2.1 Unit Premium Reserves 23,881.31 10,394.43 74.05 74.05 60.61 60.61 350.50 851.76
2.2 Unrealised Appreciation Reserve 30,828.91 62.56 91.60 1.40 46.30 – 212.63 –
2.3 Other Reserves 73,714.45 50,972.55 81.82 68.64 17.56 10.76 476.62 500.62
4.2 Other Current Liabilities & Provisions 4,177.19 42,679.28 2.09 0.52 6.58 0.04 0.55 6.83
TOTAL 376,751.48 282,962.24 249.72 144.76 131.42 71.79 1,070.14 1,422.65
ASSETS
1 Investments
1.1.1 Equity Shares 253,006.32 121,739.17 247.08 144.02 124.37 71.54 1,063.33 1,412.84
1.1.4 Other Debentures & Bonds – 2,014.53 – – – – – –
1.2.1 Equity Shares – – – – – – – –
1.3.1 Equity Shares – – – – – – – –
1.4 Government Securities 2,517.06 – – – – – – –
1.5 Treasury Bills 75,777.69 – – – – – – –
1.6 Commercial Paper 593.23 22,068.44 – – – – – –
1.7 Certificate of Deposits 387.23 25,117.60 – – – – – –
1.9 Units of Domestic Mutual Fund – – – – – – – –
Total Investments 332,281.53 170,939.74 247.08 144.02 124.37 71.54 1,063.33 1,412.84
2 Deposits 15,510.90 63,372.00 – – – – – –
3.1 Cash & Bank Balance 1,666.02 753.82 0.11 0.03 0.06 0.05 0.37 0.80
3.2 CBLO/ Reverse Repo Lending 25,009.72 8,084.55 0.60 0.70 0.20 0.20 6.00 9.00
3.3 Others 2,283.31 39,812.12 1.93 0.01 6.79 – 0.44 0.01
TOTAL 376,751.48 282,962.24 249.72 144.76 131.42 71.79 1,070.14 1,422.65

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Edelweiss Equity Edelweiss Flexi-Cap Edelweiss Large & Edelweiss Mid Cap
Savings Fund Fund (Formerly Mid Cap Fund Fund
known as Edelweiss
Multi-Cap Fund)
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
LIABILITIES
1 Unit Capital 6,680.29 6,189.91 36,176.79 38,451.12 17,755.13 18,141.46 31,539.66 35,459.37
2.1 Unit Premium Reserves 326.55 (70.31) 5,440.38 6,702.73 (6,038.35) (6,328.57) 10,490.73 13,786.11
2.2 Unrealised Appreciation Reserve 1,541.55 40.45 16,879.70 – 19,338.29 – 42,658.10 –
2.3 Other Reserves 2,555.04 1,964.25 9,507.63 (2,571.87) 38,703.14 27,438.11 36,837.47 20,130.75
4.2 Other Current Liabilities & Provisions 60.65 453.31 294.14 387.64 746.81 658.11 1,005.95 2,076.49
TOTAL 11,164.08 8,577.61 68,298.64 42,969.62 70,505.02 39,909.11 122,531.91 71,452.72
ASSETS
1 Investments
1.1.1 Equity Shares 7,539.40 5,466.68 66,540.90 39,364.13 67,638.44 36,580.14 118,626.37 64,528.53
1.2.1 Equity Shares – – – – – – – –
1.3.1 Equity Shares – 1.95 – 14.79 – 22.50 – 54.82
1.4 Government Securities – – – – – – – –
1.5 Treasury Bills 99.51 – – – – – – –
1.6 Commercial Paper – 989.11 – – – – – –
1.7 Certificate of Deposits – – – – – – – –
1.9 Units of Domestic Mutual Fund 1,806.93 – – – – – – –
Total Investments 9,445.84 6,457.74 66,540.90 39,378.92 67,638.44 36,602.64 118,626.37 64,583.35
2 Deposits 447.70 1,215.30 4.80 13.20 5.50 9.80 9.70 21.80
3.1 Cash & Bank Balance 147.82 216.00 159.38 310.95 292.03 371.51 504.45 216.56
3.2 CBLO/ Reverse Repo Lending 1,033.62 581.97 1,586.41 2,625.85 2,461.09 2,769.85 3,202.81 6,323.65
3.3 Others 89.10 106.60 7.15 640.70 107.96 155.32 188.58 307.35
TOTAL 11,164.08 8,577.61 68,298.64 42,969.62 70,505.02 39,909.11 122,531.91 71,452.72

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Edelweiss ASEAN Edelweiss Greater Edelweiss Europe Edelweiss

Equity Offshore China Equity Dynamic Equity Emerging Markets
Fund Offshore Fund Offshore Fund Opportunities
Equity Offshore
Fund
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
LIABILITIES
1 Unit Capital 2,478.78 1,858.39 23,429.47 4,875.37 2,852.60 1,950.28 4,863.34 896.31
2.1 Unit Premium Reserves (2,041.72) (2,421.66) 32,733.71 1,658.76 349.38 126.76 2,449.08 189.04
2.2 Unrealised Appreciation Reserve 45.43 1,091.37 – 3,328.32 817.80 – 332.07 –
2.3 Other Reserves 5,276.24 2,441.87 72,353.29 6,065.48 212.64 (209.00) 1,124.18 (28.91)
4.2 Other Current Liabilities & Provisions 14.26 35.69 858.08 93.22 11.83 29.74 22.55 60.59
TOTAL 5,772.99 3,005.66 129,374.55 16,021.15 4,244.25 1,897.78 8,791.22 1,117.03
ASSETS
1 Investments
1.1.1 Equity Shares – – – – – – – –
1.2.1 Equity Shares – – – – – – – –
1.3.1 Equity Shares – – – – – – – –
1.4 Government Securities – – – – – – – –
1.5 Treasury Bills – – – – – – – –
1.6 Commercial Paper – – – – – – – –
1.7 Certificate of Deposits – – – – – – – –
1.9 Units of Domestic Mutual Fund – – – – – – – –
1.10 Foreign Securities 5,674.45 2,949.65 126,557.52 15,353.75 4,167.86 1,848.76 8,308.72 1,045.66
Total Investments 5,674.45 2,949.65 126,557.52 15,353.75 4,167.86 1,848.76 8,308.72 1,045.66
2 Deposits 0.25 0.10 9.70 2.60 0.20 0.55 0.90 0.10
3.1 Cash & Bank Balance 11.73 12.60 1,236.26 323.83 12.23 4.95 70.33 5.04
3.2 CBLO/ Reverse Repo Lending 86.47 43.00 1,563.42 248.99 63.48 42.00 410.85 65.00
3.3 Others 0.09 0.31 7.65 91.98 0.48 1.52 0.42 1.23
TOTAL 5,772.99 3,005.66 129,374.55 16,021.15 4,244.25 1,897.78 8,791.22 1,117.03

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Edelweiss US Value Edelweiss Maiden Edelweiss Small

Equity Offshore Opportunities Fund Cap Fund
Fund - Series 1
As at As at As at As at As at As at
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs
LIABILITIES
1 Unit Capital 2,731.75 2,323.08 34,103.81 34,103.81 42,291.55 44,834.49
2.1 Unit Premium Reserves (1,648.42) (1,693.27) 0.54 – 4,447.78 4,378.56
2.2 Unrealised Appreciation Reserve 2,820.19 1,015.02 19,777.17 1,113.66 24,731.42 –
2.3 Other Reserves 1,963.31 1,647.28 (2,523.16) (6,804.85) 3,664.01 (11,479.33)
3 Loans & Borrowings – – – – – –
4.1 Provision for doubtful Income/Deposits – – – – –
4.2 Other Current Liabilities & Provisions 8.49 448.45 68.33 583.01 394.97 952.17
TOTAL 5,875.32 3,740.56 51,426.69 28,995.63 75,529.73 38,685.89
ASSETS
1 Investments
1.1.1 Equity Shares – – 45,482.02 24,389.68 73,149.95 35,293.98
1.1.2 Preference Shares – – – – – –
1.1.3 Equity Linked Debentures – – – – – –
1.1.4 Other Debentures & Bonds – – – – – –
1.1.5 Securitised Debt securities – – – – – –
1.2.1 Equity Shares – – – – – –
1.2.5 Securitised Debt securities – – – – – –
1.3.1 Equity Shares – – – – – 15.26
1.3.5 Securitised Debt Securities – – – – – –
1.4 Government Securities – – – – – –
1.5 Treasury Bills – – 1,143.44 – – –
1.6 Commercial Paper – – – – – –
1.7 Certificate of Deposits – – – – – –
1.8 Bills Rediscounting – – – – – –
1.9 Units of Domestic Mutual Fund – – – – – –
1.10 Foreign Securities 5,830.88 3,272.66 – – – –
Total Investments 5,830.88 3,272.66 46,625.46 24,389.68 73,149.95 35,309.24
2 Deposits 0.25 0.10 8.90 118.70 5.00 12.20
3.1 Cash & Bank Balance 6.61 3.52 607.50 29.65 322.93 250.44
3.2 CBLO/ Reverse Repo Lending 37.49 462.97 3,734.61 2,132.88 2,045.24 2,899.84
3.3 Others 0.09 1.30 450.22 2,324.71 6.61 214.16
4 Deferred Revenue Expenditure – – – – – –
TOTAL 5,875.32 3,740.56 51,426.69 28,995.63 75,529.73 38,685.89

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Edelweiss US Edelweiss MSCI

Technology Equity India Domestic
Fund of Fund & World
Healthcare 45
Index Fund
As at As at As at 31.03.2021
31.03.2021 31.03.2020
Rs. in lacs Rs. in lacs Rs. in lacs
LIABILITIES
1 Unit Capital 66,516.17 10,228.90 12,909.80
2.1 Unit Premium Reserves 17,796.15 1.28 460.36
2.2 Unrealised Appreciation Reserve – – 647.65
2.3 Other Reserves 32,056.93 (872.66) 52.01
3 Loans & Borrowings – – –
4.1 Provision for doubtful Income/Deposits – – –
4.2 Other Current Liabilities & Provisions 255.45 36.63 164.06
TOTAL 116,624.70 9,394.15 14,233.88
ASSETS
1 Investments
1.1.1 Equity Shares – – 9,582.41
1.1.2 Preference Shares – – –
1.1.3 Equity Linked Debentures – – –
1.1.4 Other Debentures & Bonds – – –
1.1.5 Securitised Debt securities – – –
1.2.1 Equity Shares – – –
1.2.5 Securitised Debt securities – – –
1.3.1 Equity Shares – – –
1.3.5 Securitised Debt Securities – – –
1.4 Government Securities – – –
1.5 Treasury Bills – – –
1.6 Commercial Paper – – –
1.7 Certificate of Deposits – – –
1.8 Bills Rediscounting – – –
1.9 Units of Domestic Mutual Fund – – –
1.10 Foreign Securities 114,889.54 8,853.33 4,338.00
Total Investments 114,889.54 8,853.33 13,920.41
2 Deposits 4.80 – 0.80
3.1 Cash & Bank Balance 732.87 206.02 36.60
3.2 CBLO/ Reverse Repo Lending 996.63 243.99 263.90
3.3 Others 0.86 90.81 12.17
4 Deferred Revenue Expenditure – – –
TOTAL 116,624.70 9,394.15 14,233.88

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Abridged Revenue Account
for the year / period April 1, 2020 / Launch Date to March 31, 2021
Edelweiss Long Edelweiss Large Edelweiss Edelweiss

Term Equity Fund Cap Fund Aggressive Hybrid Balanced
(Tax Savings) Fund Advantage Fund
Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 INCOME
1.1 Dividend 112.00 106.12 204.58 177.50 84.70 9.72 8,486.98 1,121.88
1.2 Interest 13.57 25.73 76.30 63.57 11.35 10.98 1,736.45 2,052.28
1.3 Realised Gain / (Losses) on Foreign – – – – – – – –
Exchange Transactions
1.4 Realised Gains / (Losses) on – – – – – – – –
Interscheme sale of investments
1.5 Realised Gains / (Losses) on External 894.93 (45.62) 1,663.88 292.03 59.58 52.86 19,414.62 653.50
sale / redemption of investments
1.6 Realised Gains / (Losses) on Derivative – – 1,495.54 (202.82) 28.06 (18.70) (7,899.09) 10,915.85
Transactions
1.7 Other Income – 0.11 19.18 4.89 – – 81.92 75.55
(A) 1,020.50 86.34 3,459.48 335.17 183.69 54.86 21,820.88 14,819.06
2 EXPENSES
2.1 Management fees 66.71 55.11 161.35 91.11 8.58 4.03 762.14 736.71
2.2 GST on management fees 12.01 9.92 29.04 16.40 1.54 0.73 137.18 132.61
2.3 Transfer agents fees and expenses 10.42 8.93 15.78 13.86 1.53 0.73 147.29 120.17
2.4 Custodian fees 1.58 1.29 2.14 1.91 0.20 0.08 20.06 16.79
2.5 Trusteeship fees 0.13 0.10 0.20 0.16 0.02 0.01 2.04 1.37
2.6 Commission to Agents 199.55 163.08 211.91 151.54 30.72 12.04 2,484.43 1,883.06
2.7 Marketing & Distribution expenses 6.57 6.74 10.63 0.05 1.26 1.63 93.21 84.37
2.8 Audit fees 0.39 0.47 0.59 0.74 0.06 0.04 5.53 6.44
2.9 Other operating expenses 2.98 2.36 4.98 3.84 0.62 1.04 48.38 45.24
2.10 Less: Expenses to be Reimbursed by the – – – – – – – –
Investment Manager (refer note 12 of
schedule 8)
(B) 300.34 248.00 436.62 279.61 44.53 20.35 3,700.27 3,026.75
3 NET REALISED GAINS / (LOSSES) FOR
THE YEAR / PERIOD (C = A - B) 720.16 (161.66) 3,022.86 55.56 139.16 34.53 18,120.62 11,792.30
4 Change in Unrealised Depreciation in
Value of Investments (D) 1,558.80 (1,558.80) 2,325.22 (2,326.29) 151.36 (151.36) 9,459.48 (10,700.57)
5 NET GAINS / (LOSSES) FOR THE YEAR
/ PERIOD (E = C - D) 2,278.96 (1,720.46) 5,348.08 (2,270.73) 290.52 (116.83) 27,580.10 1,091.73
6 Change in Unrealised Appreciation in
Value of Investments (F) 4,117.55 (1,218.13) 4,144.20 (1,452.91) 387.76 (105.03) 30,231.74 (8,709.69)
7 NET SURPLUS / (DEFICIT) FOR THE
YEAR / PERIOD (G = E + F) 6,396.51 (2,938.59) 9,492.28 (3,723.64) 678.28 (221.86) 57,811.84 (7,617.96)
7.1 Add: Balance transfer from Unrealised – (1,218.13) – (1,452.91) – (105.03) (79.44) (8,789.13)
Appreciation Reserve
7.2 Less: Balance transfer to Unrealised 4,117.55 – 4,144.20 – 387.76 – 30,311.18 79.44
7.3 Add / (Less): Equalisation 550.40 1,763.38 (229.64) 1,646.27 1,097.61 383.65 67,733.78 1,705.00
8 TOTAL 2,829.36 42.92 5,118.44 (624.46) 1,388.13 266.82 95,313.88 2,796.73
9 DIVIDEND APPROPRIATION
9.1 Income Distributed during the year / 101.69 84.31 84.10 86.28 44.33 19.52 5,795.14 6,814.74
period
9.2 Tax on income distributed during the – 10.91 – 11.17 – 2.53 – 881.98
year / period
10 RETAINED SURPLUS / (DEFICIT) 2,727.67 (52.30) 5,034.34 (721.91) 1,343.80 244.77 89,518.74 (4,899.99)
CARRIED FORWARD TO BALANCE SHEET

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

for the year / period April 1, 2020 / Launch Date to March 31, 2021 (Contd.)
Edelweiss Arbitrage Edelweiss ETF - Edelweiss ETF - Edelweiss ETF -

Fund Nifty 50 Nifty Bank Nifty 100 Quality 30
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 INCOME
1.1 Dividend 2,968.08 4,016.39 2.44 2.68 – 0.51 23.31 30.29
1.2 Interest 5,154.29 8,191.86 0.02 0.02 – 0.01 0.15 0.51
1.4 Realised Gains / (Losses) on – – – – – – – –
Interscheme sale of investments
1.5 Realised Gains / (Losses) on External 105,872.70 (45,377.12) 10.86 1.44 2.70 9.17 66.68 (0.91)
sale / redemption of investments
1.6 Realised Gains / (Losses) on Derivative (152,433.34) 88,097.86 – – – – – –
Transactions
1.7 Other Income 6.34 5.83 – 0.01 – – – –
(A) (38,431.93) 54,934.82 13.32 4.15 2.70 9.69 90.14 29.89
2 EXPENSES
2.1 Management fees 819.67 924.58 – – 0.04 0.05 2.27 2.64
2.2 GST on management fees 147.54 166.42 – – 0.01 0.01 0.41 0.48
2.4 Custodian fees 53.45 37.33 0.03 0.02 0.01 0.01 0.10 0.11
2.5 Trusteeship fees 3.31 3.53 – – – – 0.01 0.01
2.6 Commission to Agents 1,071.62 1,026.65 – – – – – –
2.7 Marketing & Distribution expenses 2.60 5.30 – – – – – –
2.8 Audit fees 10.16 16.45 0.01 0.01 – 0.01 0.04 0.06
schedule 8)
(B) 2,343.61 2,457.91 0.14 0.14 0.11 0.14 3.55 4.14
3 NET REALISED GAINS / (LOSSES) FOR
THE YEAR / PERIOD (C = A - B) (40,775.54) 52,476.89 13.18 4.02 2.59 9.55 86.59 25.74
4 Change in Unrealised Depreciation in
Value of Investments (D) 22,450.33 (19,113.19) – – 4.21 (4.21) 338.61 (338.61)
5 NET GAINS / (LOSSES) FOR THE YEAR
/ PERIOD (E = C - D) (18,325.21) 33,363.70 13.18 4.02 6.80 5.34 425.20 (312.87)
6 Change in Unrealised Appreciation in
Value of Investments (F) 30,766.34 (8,557.37) 90.20 (52.35) 46.30 (48.23) 212.63 (53.74)
7 NET SURPLUS / (DEFICIT) FOR THE YEAR
/ PERIOD (G = E + F) 12,441.13 24,806.33 103.38 (48.33) 53.10 (42.89) 637.83 (366.61)
7.1 Add: Balance transfer from Unrealised (62.56) (8,619.94) (1.40) (53.74) – (48.23) – (53.74)
7.2 Less: Balance transfer to Unrealised 30,828.91 62.56 91.60 1.40 46.30 – 212.63 –
7.3 Add / (Less): Equalisation 41,067.10 1,532.82 – – – – (449.20) 397.66
8 TOTAL 22,741.88 34,896.53 13.18 4.01 6.80 5.34 (24.00) 84.79
9.1 Income Distributed during the year / (0.02) 17,655.83 – – – – – –
period
9.2 Tax on income distributed during the – 2,285.06 – – – – – –
year / period
10 RETAINED SURPLUS / (DEFICIT) 22,741.90 14,955.64 13.18 4.01 6.80 5.34 (24.00) 84.79
CARRIED FORWARD TO BALANCE SHEET

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Edelweiss Equity Edelweiss Flexi-Cap Edelweiss Large & Edelweiss Mid Cap
Savings Fund Fund (Formerly Mid Cap Fund Fund
known as Edelweiss
Multi-Cap Fund)
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 INCOME
1.1 Dividend 264.84 65.56 503.20 423.59 471.06 428.27 735.70 776.35
1.2 Interest 104.51 227.65 48.09 122.01 51.50 118.74 84.68 232.72
1.4 Realised Gains / (Losses) on Interscheme – – – – – – – –
sale of investments
1.5 Realised Gains / (Losses) on External sale / 191.73 (56.14) 4,601.19 (1,698.72) 4,782.79 643.08 11,935.79 (1,275.78)
redemption of investments
1.6 Realised Gains / (Losses) on Derivative (1,686.32) 1,453.69 – 1.50 – (23.32) – (42.38)
Transactions
1.7 Other Income – – 40.36 26.64 24.89 11.55 38.09 26.71
(A) (1,125.24) 1,690.76 5,192.84 (1,124.98) 5,330.24 1,178.32 12,794.26 (282.38)
2 EXPENSES
2.1 Management fees 42.61 63.52 261.83 217.01 375.86 366.55 522.11 502.03
2.4 Custodian fees 0.83 1.15 6.93 5.15 6.58 5.42 11.64 10.80
2.6 Commission to Agents 60.94 90.40 916.10 701.33 736.30 576.61 1,258.05 1,203.29
2.7 Marketing & Distribution expenses 0.20 0.87 50.57 25.70 36.51 32.42 38.51 44.50
2.8 Audit fees 0.25 0.53 1.70 1.87 1.62 2.00 2.87 4.04
schedule 8)
(B) 121.49 181.29 1,343.34 1,037.24 1,280.38 1,097.32 2,025.45 1,951.49
3 NET REALISED GAINS / (LOSSES) FOR THE
YEAR / PERIOD (C = A - B) (1,246.73) 1,509.47 3,849.50 (2,162.22) 4,049.86 81.01 10,768.77 (2,233.85)
4 Change in Unrealised Depreciation in Value
of Investments (D) 1,346.64 (1,084.56) 8,711.27 (8,711.27) 5,556.79 (5,556.79) 9,382.84 (9,382.84)
5 NET GAINS / (LOSSES) FOR THE YEAR /
PERIOD (E = C - D) 99.91 424.91 12,560.77 (10,873.49) 9,606.65 (5,475.78) 20,151.61 (11,616.69)
6 Change in Unrealised Appreciation in Value
of Investments (F) 1,501.10 (364.74) 16,879.70 (2,532.03) 19,338.29 (4,685.00) 42,658.10 (11,140.50)
/ PERIOD (G = E + F) 1,601.01 60.17 29,440.47 (13,405.52) 28,944.94 (10,160.78) 62,809.71 (22,757.19)
7.1 Add: Balance transfer from Unrealised (40.45) (405.19) – (2,532.03) – (4,685.00) – (11,140.50)
7.2 Less: Balance transfer to Unrealised 1,541.55 40.45 16,879.70 – 19,338.29 – 42,658.10 –
7.3 Add / (Less): Equalisation 512.05 (423.95) (412.07) 3,929.42 2,053.44 7,423.69 (2,947.32) 1,735.23
8 TOTAL 611.96 0.96 12,148.70 (6,944.07) 11,660.09 1,947.91 17,204.29 (9,881.46)
9.1 Income Distributed during the year / period 21.17 257.87 69.19 – 395.06 627.29 497.57 592.83
9.2 Tax on income distributed during the year – 33.37 – – – 81.19 – 76.73
/ period
10 RETAINED SURPLUS / (DEFICIT) CARRIED 590.79 (290.28) 12,079.51 (6,944.07) 11,265.03 1,239.43 16,706.72 (10,551.02)
FORWARD TO BALANCE SHEET

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Edelweiss ASEAN Edelweiss Greater Edelweiss Europe Edelweiss

Equity Offshore China Equity Dynamic Equity Emerging Markets
Fund Offshore Fund Offshore Fund Opportunities
Equity Offshore
Fund
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
1 INCOME
1.1 Dividend – – – – – – – –
1.2 Interest 2.07 1.89 38.00 9.44 2.84 2.35 2.97 1.38
1.3 Realised Gain / (Losses) on Foreign 823.37 128.52 265.70 8.06 19.44 (57.32) 84.92 5.30
1.4 Realised Gains / (Losses) on Interscheme – – – – – – – –
sale of investments
1.5 Realised Gains / (Losses) on External sale / 1,622.10 155.49 22,145.54 33.54 (60.89) 109.93 296.39 (5.14)
redemption of investments
1.6 Realised Gains / (Losses) on Derivative – – – – – – – –
Transactions
1.7 Other Income 1.13 0.27 103.63 16.94 1.78 3.78 2.04 0.70
(A) 2,448.67 286.17 22,552.87 67.98 (36.83) 58.74 386.32 2.24
2 EXPENSES
2.1 Management fees 26.45 26.66 239.27 53.60 11.03 14.25 7.21 2.21
2.4 Custodian fees 0.71 0.57 12.28 2.38 0.83 0.61 1.64 0.28
2.6 Commission to Agents 20.09 21.01 193.56 28.33 6.73 3.44 11.51 2.09
2.7 Marketing & Distribution expenses 0.03 – 0.51 – 0.02 – 0.03 –
2.8 Audit fees 0.13 0.19 1.62 0.47 0.08 0.13 0.09 0.04
schedule 8)
(B) 53.88 54.91 513.47 98.92 21.72 22.10 23.03 5.38
3 NET REALISED GAINS / (LOSSES) FOR THE
YEAR / PERIOD (C = A - B) 2,394.79 231.26 22,039.40 (30.94) (58.55) 36.64 363.30 (3.14)
4 Change in Unrealised Depreciation in Value
of Investments (D) – – (4,114.39) – 310.41 (271.52) 12.25 (12.25)
5 NET GAINS / (LOSSES) FOR THE YEAR /
PERIOD (E = C - D) 2,394.79 231.26 17,925.01 (30.94) 251.86 (234.88) 375.55 (15.39)
6 Change in Unrealised Appreciation in Value
of Investments (F) (1,045.95) (1,039.17) (3,328.32) 1,350.35 817.80 – 332.07 (115.89)
/ PERIOD (G = E + F) 1,348.84 (807.91) 14,596.69 1,319.41 1,069.66 (234.88) 707.62 (131.28)
7.1 Add: Balance transfer from Unrealised (1,091.37) (2,130.55) (3,328.32) (1,977.97) – – – (115.89)
7.2 Less: Balance transfer to Unrealised 45.43 1,091.37 – 3,328.32 817.80 – 332.07 –
7.3 Add / (Less): Equalisation 439.59 (292.82) 48,362.80 2,792.03 169.78 5.31 777.54 (0.74)
8 TOTAL 2,834.37 (61.55) 66,287.81 2,761.09 421.64 (229.57) 1,153.09 (16.13)
9.1 Income Distributed during the year / period – – – – – – – –
9.2 Tax on income distributed during the year – – – – – – – –
/ period
10 RETAINED SURPLUS / (DEFICIT) CARRIED 2,834.37 (61.55) 66,287.81 2,761.09 421.64 (229.57) 1,153.09 (16.13)
FORWARD TO BALANCE SHEET

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Edelweiss US Value Edelweiss Maiden Edelweiss Small Cap

Equity Offshore Opportunities Fund - Fund
Fund Series 1
Year ended Year ended Year ended Year ended Year ended Year ended
31.03.2021 31.03.2020 31.03.2021 31.03.2020 31.03.2021 31.03.2020
Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs Rs. in lacs
1 INCOME
1.1 Dividend – – 128.22 196.24 340.86 391.73
1.2 Interest 1.92 1.89 69.95 109.89 51.87 126.24
1.3 Realised Gain / (Losses) on Foreign Exchange Transactions 22.24 60.96 – – – –
1.4 Realised Gains / (Losses) on Interscheme sale of investments – – – – – –
1.5 Realised Gains / (Losses) on External sale / redemption of investments 56.57 124.60 2,046.14 (2,198.28) 6,950.53 (1,820.36)
1.6 Realised Gains / (Losses) on Derivative Transactions – – 302.02 39.92 – (97.14)
1.7 Other Income 1.32 0.28 – 0.03 55.24 38.39
(A) 82.05 187.73 2,546.33 (1,852.20) 7,398.50 (1,361.14)
2 EXPENSES
2.1 Management fees 24.97 27.19 385.34 311.37 344.33 281.75
2.2 GST on management fees 4.49 4.89 69.36 56.05 61.98 50.72
2.3 Transfer agents fees and expenses 0.79 0.78 31.44 26.88 43.27 32.46
2.4 Custodian fees 0.67 0.60 4.50 3.64 6.60 7.22
2.5 Trusteeship fees 0.05 0.04 0.41 0.31 0.56 0.37
2.6 Commission to Agents 32.68 30.36 52.82 40.41 753.52 523.72
2.7 Marketing & Distribution expenses 0.03 – 0.09 0.02 32.97 22.17
2.8 Audit fees 0.13 0.19 1.18 1.42 1.61 1.65
2.9 Other operating expenses 0.91 0.86 8.59 6.79 12.05 8.59
2.10 Less: Expenses to be Reimbursed by the Investment Manager (refer note – – – – – –
12 of schedule 8)
(B) 64.72 64.91 553.72 446.90 1,256.88 928.66
3 NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD (C = A - B) 17.33 122.82 1,992.60 (2,299.09) 6,141.61 (2,289.79)
4 Change in Unrealised Depreciation in Value of Investments (D) – – 2,289.63 (241.59) 8,628.87 (8,628.87)
5 NET GAINS / (LOSSES) FOR THE YEAR / PERIOD (E = C - D) 17.33 122.82 4,282.23 (2,540.68) 14,770.48 (10,918.66)
6 Change in Unrealised Appreciation in Value of Investments (F) 1,805.17 (500.20) 18,663.51 1,078.90 24,731.42 (1,483.10)
7 NET SURPLUS / (DEFICIT) FOR THE YEAR / PERIOD (G = E + F) 1,822.50 (377.38) 22,945.74 (1,461.78) 39,501.90 (12,401.76)
7.1 Add: Balance transfer from Unrealised Appreciation Reserve (1,015.02) (1,515.22) (1,113.66) (34.76) – (1,483.10)
7.2 Less: Balance transfer to Unrealised Appreciation Reserve 2,820.19 1,015.02 19,777.17 1,113.66 24,731.42 –
7.3 Add / (Less): Equalisation 298.70 (173.54) (0.54) – 478.54 (543.97)
8 TOTAL 316.03 (50.72) 4,281.69 (2,540.68) 15,249.02 (11,462.63)
9.1 Income Distributed during the year / period – – – – 105.68 –
9.2 Tax on income distributed during the year / period – – – – – –
10 RETAINED SURPLUS / (DEFICIT) CARRIED FORWARD TO BALANCE 316.03 (50.72) 4,281.69 (2,540.68) 15,143.34 (11,462.63)
SHEET

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Edelweiss US Edelweiss MSCI

Technology Equity India Domestic
Fund of Fund & World
Healthcare 45
Index Fund
Year ended Period from Period from
31.03.2021 06.03.2020 27.10.2020
to to
31.03.2020 31.03.2021
Rs. in lacs Rs. in lacs Rs. in lacs
1 INCOME
1.1 Dividend – – 51.58
1.2 Interest 32.50 5.57 10.37
1.3 Realised Gain / (Losses) on Foreign Exchange Transactions (664.12) (22.04) (0.16)
1.4 Realised Gains / (Losses) on Interscheme sale of investments – – –
1.5 Realised Gains / (Losses) on External sale / redemption of investments 23,022.32 (0.01) 33.72
1.6 Realised Gains / (Losses) on Derivative Transactions – – –
1.7 Other Income 87.93 0.67 –
(A) 22,478.63 (15.81) 95.51
2 EXPENSES
2.1 Management fees 224.42 1.28 6.60
2.2 GST on management fees 40.40 0.23 1.19
2.3 Transfer agents fees and expenses 10.31 0.11 3.86
2.4 Custodian fees 7.72 0.57 5.88
2.5 Trusteeship fees 0.68 0.01 0.07
2.6 Commission to Agents 375.09 5.75 22.55
2.7 Marketing & Distribution expenses 0.53 – 0.06
2.8 Audit fees 1.66 0.02 0.16
2.9 Other operating expenses 12.40 0.12 3.54
2.10 Less: Expenses to be Reimbursed by the Investment Manager (refer note 12 of schedule 8) – – –
(B) 673.21 8.09 43.94
3 NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD (C = A - B) 21,805.42 (23.90) 51.60
4 Change in Unrealised Depreciation in Value of Investments (D) (840.22) (671.67) (6.19)
5 NET GAINS / (LOSSES) FOR THE YEAR / PERIOD (E = C - D) 20,965.20 (695.57) 45.41
6 Change in Unrealised Appreciation in Value of Investments (F) – – 647.65
7 NET SURPLUS / (DEFICIT) FOR THE YEAR / PERIOD (G = E + F) 20,965.20 (695.57) 693.06
7.1 Add: Balance transfer from Unrealised Appreciation Reserve – – –
7.2 Less: Balance transfer to Unrealised Appreciation Reserve – – 647.65
7.3 Add / (Less): Equalisation 11,964.39 (177.09) 6.60
8 TOTAL 32,929.59 (872.66) 52.01
9.1 Income Distributed during the year / period – – –
9.2 Tax on income distributed during the year / period – – –
10 RETAINED SURPLUS / (DEFICIT) CARRIED FORWARD TO BALANCE SHEET 32,929.59 (872.66) 52.01

Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Notes to Accounts of the Abridged Balance Sheet as at March 31, 2021 and
the Revenue Account for the year / period April 1, 2020 / Launch date to March 31, 2021
Annexure I: ABRIDGED NOTES TO ACCOUNTS TO THE ABRIDGED BALANCE SHEET AND REVENUE ACCOUNT FOR THE YEAR /
PERIOD
1. Organisation
In conformity with Securities and Exchange Board of India (“Mutual Funds”) Regulations, 1996 (“the SEBI Regulations”), Edelweiss Asset
Management Limited has been set up to act as the Asset Management Company (“AMC”) to Edelweiss Mutual Fund (“Fund”). In terms of the
Investment Management Agreement (“IMA”) dated January 30, 2008, entered into between Edelweiss Trusteeship Company Limited (“Trustee”)
and the AMC, the AMC has been appointed as the Investment Manager to the Schemes of the Fund.
2. Investments
a. All the investments of the Schemes are registered in the name of the respective Scheme as per Clause 7 of the Seventh Schedule to the
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, except Government Securities and Treasury Bills which are held
in the name of Edelweiss Mutual Fund.
2.1 Open position of derivatives as of:

As of March 31, 2021:
(Rs. In Lakhs)
Scheme Futures Options
Outstanding market Percentage to net Outstanding market Percentage to net
value * assets value * assets
Edelweiss Large Cap Fund 1,147.06 5.83% – –
Edelweiss Aggressive Hybrid Fund 156.21 8.15% – –
Edelweiss Balanced Advantage Fund 66,465.45 36.04% 785.74 0.43%
Edelweiss Arbitrage Fund 254,535.65 75.92% – –
Edelweiss Equity Savings Fund 4,039.66 48.79% – –
Edelweiss Maiden Opportunities Fund-Series 1 3,525.16 8.98% 14.81 0.04%
*Represents gross total of long and short positions
As of March 31, 2020:

(Rs. In Lakhs)
Scheme Futures Options
Outstanding market Percentage to net Outstanding market Percentage to net
value * assets value * assets
Edelweiss Large Cap Fund 1,311.23 7.93% – –
Edelweiss Aggressive Hybrid Fund 45.26 5.22% – –
Edelweiss Balanced Advantage Fund 11,659.10 8.13% 2,066.41 1.44%
Edelweiss Arbitrage Fund 121,993.53 33.01% – –
Edelweiss Equity Savings Fund 2,635.74 22.61% 46.73 0.40%
Edelweiss Maiden Opportunities Fund - Series 1 1,474.18 4.59% 2,161.39 6.73%
*Represents gross total of long and short positions
2.2 Investments in associates and group companies:

Current year: 2020-2021
(Rs. In Crores)
Scheme Issuer Investment Nature of Aggregate

instrument investment by all
schemes
Nil
* Gross amount is considered for the purpose of disclosure of investment amount.

(Rs. In Crores)
Scheme Issuer Investment Nature of Aggregate
instrument investment by all
schemes
Edelweiss Balanced Advantage Fund Reliance Nippon Life Asset Management 101.26 Equities 109.70
Ltd.
Edelweiss Maiden Opportunities Reliance Nippon Life Asset Management 8.44 Equities 109.70
Fund - Series 1 Ltd.
* Gross amount is considered for the purpose of disclosure of investment amount.

2.3 Aggregate unrealized gain / loss and percentage to net assets:

(Rs. In Lakhs)
Scheme As of March 31, 2021
Unrealised Unrealised Total unrealised Percentage to
gain / (loss) gain / (loss) gain / (loss) net assets
(other than (derivatives) (C = A + B)
derivatives) (A) (B)
Edelweiss Arbitrage Fund 30,804.49 (2,985.69) 27,818.80 8.30%
Edelweiss Balanced Advantage Fund 30,296.34 (1,432.58) 28,863.76 15.65%
Edelweiss Large Cap Fund 4,144.14 (1.01) 4,143.14 21.06%
Edelweiss Flexi-Cap Fund 16,879.70 – 16,879.70 29.71%
Edelweiss Long Term Eq Fund (Tax Saving) 4,117.55 – 4,117.55 31.67%
Edelweiss Large & Mid Cap Fund 19,338.29 – 19,338.29 35.74%
Edelweiss Small Cap Fund 24,731.42 – 24,731.42 45.75%
Edelweiss Equity Savings Fund 1,541.55 (37.76) 1,503.80 18.16%
Edelweiss Maiden Opportunities Fund-Series 1 19,639.40 137.76 19,777.17 50.38%
Edelweiss ETF - NIFTY 50 91.60 – 91.60 45.52%
Edelweiss ETF - Nifty Bank 46.30 – 46.30 47.89%
EDELWEISS ETF - NIFTY 100 QUALITY 30 212.63 – 212.63 16.55%
Edelweiss Aggressive Hybrid Fund 386.46 1.31 387.76 20.22%
Edelweiss Mid Cap Fund 42,658.10 – 42,658.10 44.74%
Edelweiss ASEAN Equity Off-shore Fund 45.43 – 45.43 1.04%
Edelweiss Grtr China Eqty Off-shore Fund (4,114.39) – (4,114.39) (7.46%)
Edelweiss Eur Dynamic Eqty Offshore Fund 817.80 – 817.80 31.31%
Edelweiss Emrg Markets Opp Eqty Off Fund 332.07 – 332.07 10.99%
Edelweiss US Value Equity Off-shore Fund 2,820.19 – 2,820.19 64.42%
Edelweiss US Technology Equity FOF (1,511.90) – (1,511.90) (2.64%)
Edelweiss MSCI (I) DM & WD HC 45 ID Fund 647.04 – 647.04 13.06%
Previous year: 2019-2020

(Rs. In Lakhs)
Unrealised Unrealised Total unrealised Percentage to
gain / (loss) gain / (loss) gain / (loss) net assets
(other than (derivatives) (C = A + B)
derivatives) (A) (B)
Edelweiss Large & Mid Cap Fund (5,556.79) – (5,556.79) (12.24%)
Edelweiss Mid Cap Fund (9,382.84) – (9,382.84) (10.39%)
Edelweiss Long Term Equity Fund (Tax Savings) (1,558.80) – (1,558.80) (14.64%)
Edelweiss Large Cap Fund (2,309.14) (17.15) (2,326.29) (14.07%)
Edelweiss Aggressive Hybrid Fund (150.92) (0.43) (151.36) (17.45%)
Edelweiss Balanced Advantage Fund (10,081.36) (746.11) (10,827.47) (7.55%)
Edelweiss Greater China Equity Off-shore Fund 3,328.32 – 3,328.32 30.18%
Edelweiss ASEAN Equity Off-shore Fund 1,091.37 – 1,091.37 26.08%
Edelweiss US Value Equity Offshore Fund 1,015.02 – 1,015.02 24.18%
Edelweiss Europe Dynamic Equity Offshore Fund (310.41) – (310.41) (11.21%)
Edelweiss Arbitrage Fund (22,579.91) (2,817.96) (25,397.88) (6.87%)
Edelweiss Emerging Markets Opportunities Equity Offshore Fund (12.25) – (12.25) (1.39%)
Edelweiss Equity Savings Fund (1,383.79) 39.84 (1,343.95) (11.53%)
Edelweiss Flexi Cap Fund (8,711.27) – (8,711.27) (19.89%)
Edelweiss ETF - Nifty 50 1.40 – 1.40 0.73%
Edelweiss ETF - Nifty Bank (4.21) – (4.21) (3.77%)
Edelweiss ETF - Nifty 100 Quality 30 (338.61) – (338.61) (22.57%)
Edelweiss Maiden Opportunities Fund - Series 1 (2,277.10) 1,101.13 (1,175.97) (3.66%)
Edelweiss Small Cap Fund (8,628.87) – (8,628.87) (22.28%)
Edelweiss US Technology Equity Fund of Fund (671.67) – (671.67) (107.96%)

2.4 The aggregate value of investments purchased and sold (including redeemed) during the year and these amounts as a percentage
of average daily net assets:
(Rs. In Lakhs)
Scheme Purchase Sale Purchase as Sale as percentage
percentage to average to average daily
daily net assets net assets
Edelweiss Arbitrage Fund 1,347,786.41 1,345,212.07 402.02% 401.25%
Edelweiss Balanced Advantage Fund 611,396.98 459,414.27 331.52% 249.11%
Edelweiss Large Cap Fund 26,803.28 25,976.39 136.22% 132.02%
Edelweiss Flexi-Cap Fund 38,457.67 41,498.59 67.70% 73.05%
Edelweiss Long Term Eq Fund (Tax Saving) 8,094.07 7,025.02 62.26% 54.04%
Edelweiss Large & Mid Cap Fund 39,099.56 37,741.95 72.27% 69.76%
Edelweiss Small Cap Fund 33,804.39 36,288.82 62.53% 67.13%
Edelweiss Equity Savings Fund 12,407.01 12,527.81 149.85% 151.31%
Edelweiss Maiden Opportunities Fund-Series 1 9,758.31 11,487.38 24.86% 29.27%
Edelweiss ETF - NIFTY 50 30.27 28.27 15.04% 14.05%
Edelweiss ETF - Nifty Bank 20.06 20.44 20.74% 21.14%
EDELWEISS ETF - NIFTY 100 QUALITY 30 217.77 1,185.21 16.95% 92.26%
Edelweiss Aggressive Hybrid Fund 3,864.23 1,943.71 201.55% 101.38%
Edelweiss Mid Cap Fund 64,845.12 74,805.22 68.01% 78.46%
Edelweiss ASEAN Equity Off-shore Fund 96.28 78.41 2.20% 1.80%
Edelweiss Grtr China Eqty Off-shore Fund 2,901.45 1,593.11 5.26% 2.89%
Edelweiss Eur Dynamic Eqty Offshore Fund 22.66 8.93 0.87% 0.34%
Edelweiss Emrg Markets Opp Eqty Off Fund 116.71 27.52 3.86% 0.91%
Edelweiss US Value Equity Off-shore Fund 11.86 2.65 0.27% 0.06%
Edelweiss US Technology Equity FOF 2,813.94 1,671.15 4.91% 2.92%
Edelweiss MSCI (I) DM & WD HC 45 ID Fund 9,261.33 98.01 186.94% 1.98%
Note: Purchase / sale does not include term deposits, tri-party repo, repo and derivative transactions.

(Rs. In Lakhs)
Scheme Purchase Sale Purchase as Sale as percentage
percentage to average to average daily
daily net assets net assets
Edelweiss Large & Mid Cap Fund 46,974.22 38,453.63 103.49% 84.72%
Edelweiss Mid Cap Fund 72,311.82 68,721.53 80.04% 76.07%
Edelweiss Long Term Equity Fund (Tax Savings) 8,144.35 6,200.04 76.51% 58.24%
Edelweiss Large Cap Fund 20,548.58 19,079.35 124.28% 115.39%
Edelweiss Aggressive Hybrid Fund 979.18 565.36 112.92% 65.20%
Edelweiss Balanced Advantage Fund 348,771.89 357,325.66 243.23% 249.19%
Edelweiss Greater China Equity Off-shore Fund 97.86 3.30 0.89% 0.03%
Edelweiss ASEAN Equity Off-shore Fund 0.58 7.94 0.01% 0.19%
Edelweiss US Value Equity Offshore Fund 2.17 7.52 0.05% 0.18%
Edelweiss Europe Dynamic Equity Offshore Fund 1.91 19.65 0.07% 0.71%
Edelweiss Arbitrage Fund 1,906,866.71 1,904,831.42 516.01% 515.46%
Edelweiss Emerging Markets Opportunities Equity 7.96 0.66 0.90% 0.08%
Offshore Fund
Edelweiss Equity Savings Fund 16,228.84 18,383.67 139.20% 157.68%
Edelweiss Flexi Cap Fund 67,504.66 41,386.37 154.16% 94.52%
Edelweiss ETF - Nifty 50 13.53 10.95 7.05% 5.70%
Edelweiss ETF - Nifty Bank 26.20 25.83 23.48% 23.14%
Edelweiss ETF - Nifty 100 Quality 30 1,287.07 401.68 85.78% 26.77%
Edelweiss Maiden Opportunities Fund - Series 1 9,591.37 8,427.64 29.89% 26.26%
Edelweiss Small Cap Fund 53,163.16 21,867.41 137.28% 56.47%
Edelweiss US Technology Equity Fund of Fund 197.28 – 31.71% –

2.5 Non-traded securities in the portfolio:

(Rs. In Lakhs)
Equity Percentage Debt Percentage Money Percentage
to net to net market to net assets
assets assets instruments
Edelweiss Arbitrage Fund – – – – 980.46 0.29%
Edelweiss Balanced Advantage Fund – – – – 19,897.92 10.79%

(Rs. In Lakhs)
Equity Percentage Debt Percentage Money market Percentage
to net to net instruments to net assets
assets assets
Edelweiss Large & Mid Cap Fund 22.50 0.05% – – – –
Edelweiss Mid Cap Fund 54.82 0.06% – – – –
Edelweiss Long Term Equity Fund (Tax Savings) 5.61 0.05% – – – –
Edelweiss Large Cap Fund 5.89 0.04% – – – –
Edelweiss Balanced Advantage Fund 41.77 0.03% 2,534.77 1.77% 6,402.40 4.46%
Edelweiss Arbitrage Fund – – 2,014.53 0.55% 45,653.98 12.35%
Edelweiss Equity Savings Fund 1.95 0.02% – – 989.11 8.48%
Edelweiss Flexi Cap Fund 14.79 0.03% – – – –
Edelweiss Small Cap Fund 15.26 0.04% – – – –
2.6 Open position of securities borrowed and / or lent by the Scheme as of March 31, 2021 is Nil.
Open position of securities borrowed and / or lent by the Scheme as of March 31, 2020 is Nil.
2.7 Details of NPA as of March 31, 2021: Nil
Details of NPA as of March 31, 2020: Nil
3. Details of transactions with associates in terms of regulation 25(8):
Following are the names of associate in terms of Regulation 25(8)
a. Edelweiss Financial Services Limited,
b. Edelweiss Broking Limited,
c. Edelweiss Securities Limited,
d. Edelweiss Financial Advisors Limited,
e. Edelweiss Multi Strategy Funds Management Private Limited.
3.1 Securities transaction in the form of investments / disinvestment in various public issues / private placements where the
associate was the sole or one of the several lead managers
Scheme Lead manager Amount (Rs. In Crores) Name of issuer
Edelweiss Balanced Advantage Fund Edelweiss Financial Services 3.36 Burger King India Ltd.
Limited
Edelweiss Large Cap Fund Edelweiss Financial Services 0.30 Burger King India Ltd.
Limited
Edelweiss Equity Savings Fund Edelweiss Financial Services 0.15 Burger King India Ltd.
Limited
Edelweiss Maiden Opportunities Fund- Edelweiss Financial Services 0.52 Burger King India Ltd.
Series 1 Limited
Edelweiss Aggressive Hybrid Fund Edelweiss Financial Services 0.04 Burger King India Ltd.
Limited
Edelweiss Balanced Advantage Fund Edelweiss Financial Services 1.91 Indigo Paints Ltd.
Limited
Edelweiss Large Cap Fund Edelweiss Financial Services 0.10 Indigo Paints Ltd.
Limited
Edelweiss Equity Savings Fund Edelweiss Financial Services 0.07 Indigo Paints Ltd.
Limited


Edelweiss Maiden Opportunities Fund- Edelweiss Financial Services 0.29 Indigo Paints Ltd.
Series 1 Limited
Edelweiss Aggressive Hybrid Fund Edelweiss Financial Services 0.02 Indigo Paints Ltd.
Limited
Edelweiss Maiden Opportunities Fund- Edelweiss Financial Services 5.00 Amber Enterprises India
Series 1 Limited Limited
Edelweiss Balanced Advantage Fund Edelweiss Financial Services 27.57 ICICI Bank Ltd.
Limited
Edelweiss Large Cap Fund Edelweiss Financial Services 2.00 ICICI Bank Ltd.
Limited
Edelweiss Aggressive Hybrid Fund Edelweiss Financial Services 0.39 ICICI Bank Ltd.
Limited
Edelweiss Balanced Advantage Fund Edelweiss Financial Services 3.49 Mazagon Dock Shipbuilders
Limited Ltd.
Edelweiss Large Cap Fund Edelweiss Financial Services 0.42 Mazagon Dock Shipbuilders
Limited Ltd.
Edelweiss Equity Savings Fund Edelweiss Financial Services 0.17 Mazagon Dock Shipbuilders
Limited Ltd.
Edelweiss Maiden Opportunities Fund- Edelweiss Financial Services 0.40 Mazagon Dock Shipbuilders
Series 1 Limited Ltd.
Edelweiss Aggressive Hybrid Fund Edelweiss Financial Services 0.04 Mazagon Dock Shipbuilders
Limited Ltd.
Edelweiss Balanced Advantage Fund Edelweiss Financial Services 3.47 Route Mobile Ltd
Limited
Edelweiss Large Cap Fund Edelweiss Financial Services 0.23 Route Mobile Ltd
Limited
Edelweiss Equity Savings Fund Edelweiss Financial Services 0.09 Route Mobile Ltd
Limited
Edelweiss Maiden Opportunities Fund- Edelweiss Financial Services 0.25 Route Mobile Ltd
Series 1 Limited
Edelweiss Aggressive Hybrid Fund Edelweiss Financial Services 0.04 Route Mobile Ltd
Limited

Edelweiss Balanced Advantage Fund Edelweiss Financial Services 2.26 Polycab India Ltd.
Ltd.
Edelweiss Equity Savings Fund Edelweiss Financial Services 0.20 Polycab India Ltd.
Ltd.
Edelweiss Maiden Opportunities Fund - Edelweiss Financial Services 0.27 Polycab India Ltd.
Series 1 Ltd.
Edelweiss Small Cap Fund Edelweiss Financial Services 0.33 Polycab India Ltd.
Ltd.
3.2 Brokerage paid to associates / related parties / group companies of Sponsor / AMC
(Rs. In Crores)
Name of associates / Nature of association / Period covered Value of Percentage of Brokerage Percentage
related parties / group nature of relation transaction total value of of total
companies of Sponsor / transaction of brokerage
AMC the Fund paid by the
Fund
Edelweiss Broking Ltd. Associate broker April 1, 2020 to 168.32 0.13% 0.03 0.14%
March 31,2021
Edelweiss Securities Ltd. 4,574.74 3.64% 0.81 3.40%


(Rs. In Crores)
Name of associates / Nature of association / Period covered Value of Percentage of Brokerage Percentage
related parties / group nature of relation transaction total value of of total
companies of Sponsor / transaction of brokerage
AMC the Fund paid by the
Fund
Edelweiss Broking Ltd. Associate broker April 1, 2019 to 487.43 0.40% 0.15 0.63%
March 31, 2020
Edelweiss Securities Ltd. 4,151.17 3.38% 0.84 3.61%
3.3 Commission paid to associates / related parties / group companies of Sponsor / AMC
(Rs. In Crores)
Name of associates / related parties Nature of Period Business Percentage of total Commission Percentage
/ group companies of Sponsor / association / covered given business received paid of total
AMC nature of relation by the Fund commission
paid by the
Fund
Edelweiss Financial Services 33.23 0.09% 0.80 0.91%
Limited
Edelweiss Financial Advisors April 1, 2020 0.02 0.00% 0.00 0.00%
Limited to
Associate
Edelweiss Securities Ltd. March 31, 4.71 0.01% 0.02 0.02%
Edelweiss Broking Limited 2021 282.62 0.80% 1.39 1.58%
Edelweiss Multi Strategy Funds 0.00 0.00% 0.00 0.00%
Management Pvt Ltd

(Rs. In Crores)
Name of associates / related parties Nature of Period Business Percentage of total Commission Percentage
/ group companies of Sponsor / association / covered given business received paid of total
AMC nature of relation by the Fund commission
paid by the
Fund
Edelweiss Broking Ltd. 373.72 0.31% 2.58 3.77%
Edelweiss Financial Advisors Ltd. April 1, 2019 0.02 0.00% – –
Edelweiss Financial Services Ltd. to 38.11 0.03% 0.71 1.05%
Associate
Edelweiss Multi Strategy Funds March 31, 0.00 0.00% 0.00 0.00%
Management Pvt. Ltd. 2020
Edelweiss Securities Ltd. 3.48 0.00% 0.01 0.02%
3.4 Subscription to any issue of equity or debt on private placement basis where the Sponsor or its associate companies have acted
as arranger or manager during the period under review
Scheme Issuer name Amount (Rs. In Crores)
Edelweiss Balanced Advantage Fund Indian Oil Corporation Ltd. 74.27
Previous year: 2019-2020 :- Nil

4. Large holding in the Schemes as of March 31, 2021: Nil.
Large holding in the Schemes as of March 31, 2020: Nil.
5. Unit capital movement during the year / period
Scheme Plan Face Opening units NFO Units sold / Redemption / Closing units
value switch in switch out
Edelweiss Large & Mid Cap Fund Regular 10 171,232,760.279 – 47,359,022.046 48,345,105.376 170,246,676.949
Direct 10 10,181,855.352 – 3,236,709.667 6,113,942.826 7,304,622.193
Edelweiss Mid Cap Fund Regular 10 330,773,515.853 – 65,955,565.592 101,610,243.081 295,118,838.364
Direct 10 23,820,223.018 – 7,560,709.810 11,103,195.506 20,277,737.322
Edelweiss Long Term Equity Fund (Tax Regular 10 33,419,211.037 – 4,832,315.158 3,980,495.152 34,271,031.043
Savings)
Direct 10 932,693.113 – 289,582.259 110,551.022 1,111,724.350

Edelweiss Large Cap Fund Regular 10 46,689,927.134 – 15,938,432.536 16,703,823.903 45,924,535.767
Direct 10 8,355,433.639 – 5,283,948.926 7,120,786.268 6,518,596.297
Plan B 10 215,195.785 – – 51,912.420 163,283.365
Plan C 10 134,490.442 – – 326.729 134,163.713
Edelweiss Aggressive Hybrid Fund Regular 10 5,633,678.814 – 10,645,956.615 3,173,767.163 13,105,868.266
Direct 10 150,430.409 – 422,261.423 257,283.560 315,408.272
Plan B 10 32,055.430 – – 7,415.455 24,639.975
Edelweiss Balanced Advantage Fund Regular 10 661,271,907.156 – 680,290,259.244 249,217,031.017 1,092,345,135.383
Direct 10 14,480,205.807 – 63,717,679.061 8,686,053.795 69,511,831.073
Edelweiss Greater China Equity Off-shore Regular 10 18,861,648.663 – 89,729,272.172 11,959,264.086 96,631,656.749
Fund
Direct 10 29,892,093.437 – 124,024,415.572 16,253,512.802 137,662,996.207
Edelweiss ASEAN Equity Off-shore Fund Regular 10 15,973,125.587 – 3,287,821.338 3,195,764.827 16,065,182.098
Direct 10 2,610,755.267 – 6,737,953.953 626,086.676 8,722,622.544
Edelweiss US Value Equity Offshore Fund Regular 10 21,276,457.479 – 6,076,515.888 3,233,307.081 24,119,666.286
Direct 10 1,954,384.818 – 1,839,486.724 596,030.366 3,197,841.176
Edelweiss Europe Dynamic Equity Regular 10 4,980,411.929 – 8,209,997.824 1,865,342.880 11,325,066.873
Offshore Fund
Direct 10 14,522,395.502 – 10,320,329.013 7,641,780.958 17,200,943.557
Edelweiss Arbitrage Fund Regular 10 846,551,424.735 – 1,352,987,818.076 1,254,276,854.291 945,262,388.520
Direct 10 941,982,765.405 – 1,880,157,114.707 1,325,906,020.067 1,496,233,860.045
Edelweiss Emerging Markets Regular 10 3,349,062.135 – 22,179,452.854 1,130,995.459 24,397,519.530
Opportunities Equity Offshore Fund
Direct 10 5,614,025.802 – 20,043,162.800 1,421,340.204 24,235,848.398
Edelweiss Equity Savings Fund Regular 10 48,767,077.370 – 27,844,863.361 25,058,159.113 51,553,781.618
Direct 10 13,132,044.085 – 5,786,836.587 3,669,767.965 15,249,112.707
Edelweiss Flexi Cap Fund Regular 10 369,131,432.478 – 109,245,475.349 128,980,850.793 349,396,057.034
Direct 10 15,379,770.730 – 4,238,686.107 7,246,583.879 12,371,872.958
Edelweiss ETF - NIFTY 50 Direct 10 1,551.000 – – – 1,551.000
Edelweiss ETF - Nifty Bank Direct 10 3,713.000 – – – 3,713.000
Edelweiss ETF - Nifty 100 Quality 30 Direct 10 634,368.000 – – 336,000.000 298,368.000
Edelweiss Maiden Opportunities Fund - Regular 10 324,781,728.000 – (10.000) – 324,781,718.000
Series 1
Direct 10 16,256,345.000 – – – 16,256,345.000
Edelweiss Small Cap Fund Regular 10 416,639,727.977 – 142,534,433.096 175,030,401.349 384,143,759.724
Direct 10 31,705,163.021 – 28,158,675.997 21,092,054.447 38,771,784.571
Edelweiss US Technology Equity Fund Regular 10 84,306,576.207 – 377,447,800.132 44,056,569.041 417,697,807.298
of Fund
Direct 10 17,982,389.592 – 254,025,818.953 24,544,353.080 247,463,855.465
Edelweiss MSCI (I) DM & WD HC 45 ID Regular 10 – 102,524,083.237 – 8,954,750.227 93,569,333.010
Fund
Direct 10 – 40,396,662.231 – 4,867,971.669 35,528,690.562

Edelweiss Large & Mid Cap Fund Regular 10 140,633,775.626 – 60,978,054.402 30,379,069.749 171,232,760.279
Direct 10 9,161,722.358 – 2,800,147.417 1,780,014.423 10,181,855.352
Edelweiss Mid Cap Fund Regular 10 318,680,091.327 – 90,464,515.838 78,371,091.312 330,773,515.853
Direct 10 21,186,128.107 – 7,539,489.646 4,905,394.735 23,820,223.018
Edelweiss Long Term Equity Fund (Tax Regular 10 25,814,629.024 – 10,322,963.728 2,718,381.715 33,419,211.037
Savings)
Direct 10 691,604.677 – 270,790.836 29,702.400 932,693.113
Edelweiss Tax Advantage Fund Regular 10 2,643,895.082 – – 2,643,895.082 –
Direct 10 81,718.358 – – 81,718.358 –

Edelweiss Large Cap Fund Regular 10 41,894,427.566 – 15,215,681.287 10,420,181.719 46,689,927.134
Direct 10 5,542,341.088 – 3,701,031.100 887,938.549 8,355,433.639
Plan B 10 248,099.977 – – 32,904.192 215,195.785
Plan C 10 136,490.442 – – 2,000.000 134,490.442
Edelweiss Aggressive Hybrid Fund Regular 10 2,562,395.419 – 3,904,695.389 833,411.994 5,633,678.814
Direct 10 118,829.203 – 158,132.348 126,531.142 150,430.409
Plan B 10 35,099.471 – – 3,044.041 32,055.430
Edelweiss Balanced Advantage Fund Regular 10 653,618,731.394 – 269,574,065.263 261,920,889.501 661,271,907.156
Direct 10 15,069,189.096 – 3,817,077.043 4,406,060.332 14,480,205.807
Edelweiss Greater China Equity Off-shore Regular 10 12,765,194.556 – 11,623,621.743 5,527,167.636 18,861,648.663
Fund
Direct 10 13,473,655.444 – 21,813,057.481 5,394,619.488 29,892,093.437
Edelweiss ASEAN Equity Off-shore Fund Regular 10 18,404,283.039 – 805,658.169 3,236,815.621 15,973,125.587
Direct 10 2,279,894.039 – 1,300,255.961 969,394.733 2,610,755.267
Edelweiss US Value Equity Offshore Fund Regular 10 25,098,068.346 – 1,017,196.407 4,838,807.274 21,276,457.479
Direct 10 843,480.817 – 1,323,333.422 212,429.421 1,954,384.818
Edelweiss Europe Dynamic Equity Regular 10 6,014,560.531 – 1,310,923.383 2,345,071.985 4,980,411.929
Offshore Fund
Direct 10 25,924,977.302 – 1,239,887.735 12,642,469.535 14,522,395.502
Edelweiss Arbitrage Fund Regular 10 962,641,731.954 – 1,330,291,469.451 1,446,381,776.670 846,551,424.735
Direct 10 1,478,990,702.983 – 2,160,041,144.713 2,697,049,082.291 941,982,765.405
Edelweiss Emerging Markets Regular 10 2,059,365.796 – 1,819,261.865 529,565.526 3,349,062.135
Opportunities Equity Offshore Fund
Direct 10 3,202,106.622 – 4,142,169.080 1,730,249.900 5,614,025.802
Edelweiss Equity Savings Fund Regular 10 83,300,977.787 – 15,081,343.207 49,615,243.624 48,767,077.370
Direct 10 16,721,183.561 – 20,763,219.802 24,352,359.278 13,132,044.085
Edelweiss Flexi Cap Fund Regular 10 185,973,327.618 – 255,338,303.086 72,180,198.226 369,131,432.478
Direct 10 5,668,199.192 – 13,370,711.290 3,659,139.752 15,379,770.730
Edelweiss ETF - NIFTY 50 Direct 10 1,551.000 – – – 1,551.000
Edelweiss ETF - Nifty Bank Direct 10 3,713.000 – – – 3,713.000
Edelweiss ETF - Nifty 100 Quality 30 Direct 10 322,368.000 – 312,000.000 – 634,368.000
Edelweiss Maiden Opportunities Fund - Regular 10 324,781,728.000 – – – 324,781,728.000
Series 1
Direct 10 16,256,345.000 – – – 16,256,345.000
Edelweiss Small Cap Fund Regular 10 159,134,396.934 – 314,831,869.681 57,326,538.638 416,639,727.977
Direct 10 6,211,602.871 – 27,567,266.621 2,073,706.471 31,705,163.021
Edelweiss US Technology Equity Fund Regular 10 – 77,803,395.900 7,242,951.382 739,771.075 84,306,576.207
of Fund
Direct 10 – 11,329,148.900 6,845,267.271 192,026.579 17,982,389.592
6. Contingent liability & Capital commitment

Contingent liabilities as on 31 March 2021: NIL. (Previous year: NIL)
Capital commitment as on 31 March 2021: Rs. 7,617,878. (Previous year: NIL)
Scheme Name Security Name Uncalled amount
Edelweiss Balanced Advantage Fund Reliance Industries Ltd 6,720,893
Edelweiss Large Cap Fund Reliance Industries Ltd 539,970
Edelweiss Equity Savings Fund Reliance Industries Ltd 262,905
Edelweiss Aggressive Hybrid Fund Reliance Industries Ltd 53,580
Edelweiss Small Cap Fund Moldtek Packaging Ltd 17,798
Edelweiss Mid Cap Fund Moldtek Packaging Ltd 22,732
7. Expenses other than management fees are inclusive of GST where applicable.
8. Subscription by the Schemes in the issues lead managed by Sponsors or its associate companies:
Please refer 3.1 and 3.4 above.

9. With reference to SEBI Circular CIR/IMD/DF/11/2010 dated August 18, 2010 following is the report
9.1 Hedging Positions through Futures as on March 31, 2021
Scheme Underlying Long / Quantity Futures Current price Margin
short Price when of the contract maintained
purchased (Rs.) (Rs. In
(Rs.) Lakhs)
Edelweiss Arbitrage Fund ACC Ltd. 29/04/2021 Short 23,500 1,818.83 1,915.65 92.13
Edelweiss Arbitrage Fund Adani Enterprises Ltd. 29/04/2021 Short 432,000 984.16 1,037.50 1,405.31
Edelweiss Arbitrage Fund Adani Ports & Special Economic Zone Ltd. Short 2,550,000 708.30 707.40 6,285.21
29/04/2021
Edelweiss Arbitrage Fund Alembic Pharmaceuticals Ltd. 29/04/2021 Short 8,800 942.40 968.50 21.62
Edelweiss Arbitrage Fund Amara Raja Batteries Ltd. 29/04/2021 Short 39,000 850.88 858.15 74.45
Edelweiss Arbitrage Fund Apollo Hospitals Enterprise Ltd. 29/04/2021 Short 19,000 2,949.70 2,922.70 144.42
Edelweiss Arbitrage Fund Apollo Tyres Ltd. 29/04/2021 Short 240,000 224.26 224.75 154.50
Edelweiss Arbitrage Fund Ashok Leyland Ltd. 29/04/2021 Short 495,000 113.45 114.30 183.50
Edelweiss Arbitrage Fund Asian Paints Ltd. 29/04/2021 Short 82,500 2,452.05 2,554.75 428.58
Edelweiss Arbitrage Fund Aurobindo Pharma Ltd. 29/04/2021 Short 56,550 845.25 884.25 166.43
Edelweiss Arbitrage Fund Axis Bank Ltd. 29/04/2021 Short 248,400 712.19 701.35 532.64
Edelweiss Arbitrage Fund Bajaj Auto Ltd. 29/04/2021 Short 18,750 3,682.99 3,684.00 145.08
Edelweiss Arbitrage Fund Bajaj Finance Ltd. 29/04/2021 Short 26,000 5,225.00 5,186.80 399.73
Edelweiss Arbitrage Fund Bajaj Finserv Ltd. 29/04/2021 Short 1,250 9,523.00 9,699.00 34.82
Edelweiss Arbitrage Fund Balkrishna Industries Ltd. 29/04/2021 Short 6,400 1,606.33 1,701.05 27.43
Edelweiss Arbitrage Fund Bandhan Bank Ltd. 29/04/2021 Short 385,200 363.80 341.40 588.77
Edelweiss Arbitrage Fund Bank of Baroda 29/04/2021 Short 5,124,600 72.09 74.55 1,625.48
Edelweiss Arbitrage Fund Bata India Ltd. 29/04/2021 Short 4,950 1,489.93 1,416.05 14.92
Edelweiss Arbitrage Fund Berger Paints (I) Ltd. 29/04/2021 Short 12,100 748.88 770.80 19.13
Edelweiss Arbitrage Fund Bharat Electronics Ltd. 29/04/2021 Short 767,600 128.33 126.05 263.07
Edelweiss Arbitrage Fund Bharat Forge Ltd. 29/04/2021 Short 120,000 596.80 599.70 204.58
Edelweiss Arbitrage Fund Bharat Heavy Electricals Ltd. 29/04/2021 Short 4,746,000 51.56 48.90 1,008.12
Edelweiss Arbitrage Fund Bharat Petroleum Corporation Ltd. 29/04/2021 Short 2,086,200 434.91 430.95 3,940.48
Edelweiss Arbitrage Fund Bharti Airtel Ltd. 29/04/2021 Short 3,033,789 529.06 520.70 3,909.48
Edelweiss Arbitrage Fund Biocon Ltd. 29/04/2021 Short 103,500 402.35 410.00 120.73
Edelweiss Arbitrage Fund Cadila Healthcare Ltd. 29/04/2021 Short 114,400 435.19 443.45 108.17
Edelweiss Arbitrage Fund Canara Bank 29/04/2021 Short 2,386,800 151.38 153.10 1,216.75
Edelweiss Arbitrage Fund Cipla Ltd. 29/04/2021 Short 50,700 781.79 819.70 92.87
Edelweiss Arbitrage Fund City Union Bank Ltd. 29/04/2021 Short 108,500 165.24 156.40 43.98
Edelweiss Arbitrage Fund Coal India Ltd. 29/04/2021 Short 163,800 139.42 131.25 50.21
Edelweiss Arbitrage Fund Coforge Ltd. 29/04/2021 Short 36,750 2,876.70 2,941.60 505.74
Edelweiss Arbitrage Fund Colgate Palmolive (India) Ltd. 29/04/2021 Short 37,800 1,581.10 1,571.00 108.49
Edelweiss Arbitrage Fund Container Corporation Of India Ltd. 29/04/2021 Short 323,541 566.41 601.90 652.89
Edelweiss Arbitrage Fund Dabur India Ltd. 29/04/2021 Short 32,500 535.54 544.30 31.17
Edelweiss Arbitrage Fund Deepak Nitrite Ltd. 29/04/2021 Short 38,500 1,576.87 1,660.00 196.35
Edelweiss Arbitrage Fund Divi’s Laboratories Ltd. 29/04/2021 Short 21,800 3,420.17 3,637.00 165.20
Edelweiss Arbitrage Fund DLF Ltd. 29/04/2021 Short 914,100 291.82 288.55 797.55
Edelweiss Arbitrage Fund Dr. Reddy’s Laboratories Ltd. 29/04/2021 Short 85,875 4,333.49 4,547.90 758.40
Edelweiss Arbitrage Fund Eicher Motors Ltd. 29/04/2021 Short 43,750 2,596.12 2,622.65 273.19
Edelweiss Arbitrage Fund Escorts Ltd. 29/04/2021 Short 107,250 1,343.09 1,293.65 378.34
Edelweiss Arbitrage Fund Exide Industries Ltd. 29/04/2021 Short 57,600 192.03 185.00 27.92
Edelweiss Arbitrage Fund GAIL (India) Ltd. 29/04/2021 Short 164,700 132.02 136.25 91.74
Edelweiss Arbitrage Fund Glenmark Pharmaceuticals Ltd. 29/04/2021 Short 202,400 462.45 468.10 377.12
Edelweiss Arbitrage Fund GMR Infrastructure Ltd. 29/04/2021 Short 9,720,000 24.56 24.35 637.85
Edelweiss Arbitrage Fund Godrej Consumer Products Ltd. 29/04/2021 Short 70,000 691.07 734.25 115.29


(Rs.) Lakhs)
Edelweiss Arbitrage Fund Granules India Ltd. 29/04/2021 Short 260,400 321.67 305.80 238.95
Edelweiss Arbitrage Fund Grasim Industries Ltd. 29/04/2021 Short 577,600 1,421.34 1,457.25 2,110.23
Edelweiss Arbitrage Fund Gujarat Gas Ltd. 29/04/2021 Short 21,250 517.85 552.35 28.80
Edelweiss Arbitrage Fund Havells India Ltd. 29/04/2021 Short 499,000 1,041.29 1,057.80 1,253.00
Edelweiss Arbitrage Fund HCL Technologies Ltd. 29/04/2021 Short 73,500 972.74 988.90 169.78
Edelweiss Arbitrage Fund HDFC Asset Management Company Ltd. Short 5,800 2,911.13 2,939.15 39.28
29/04/2021
Edelweiss Arbitrage Fund HDFC Bank Ltd. 29/04/2021 Short 29,700 1,480.54 1,497.00 93.02
Edelweiss Arbitrage Fund HDFC Life Insurance Company Ltd. 29/04/2021 Short 134,200 691.86 698.30 222.22
Edelweiss Arbitrage Fund Hindalco Industries Ltd. 29/04/2021 Short 215,000 327.74 328.40 209.33
Edelweiss Arbitrage Fund Hindustan Petroleum Corporation Ltd. Short 1,196,100 236.70 235.25 975.46
29/04/2021
Edelweiss Arbitrage Fund Hindustan Unilever Ltd. 29/04/2021 Short 1,200 2,295.56 2,439.35 5.36
Edelweiss Arbitrage Fund Housing Development Finance Corp Ltd. Short 108,000 2,510.76 2,515.60 699.74
29/04/2021
Edelweiss Arbitrage Fund ICICI Bank Ltd. 29/04/2021 Short 2,578,125 580.56 584.85 4,141.49
Edelweiss Arbitrage Fund ICICI Lombard General Insurance Co. Ltd. Short 68,000 1,440.63 1,441.60 232.67
29/04/2021
Edelweiss Arbitrage Fund ICICI Prudential Life Insurance Co Ltd. Short 195,000 434.28 446.40 299.27
29/04/2021
Edelweiss Arbitrage Fund Indiabulls Housing Finance Ltd. 29/04/2021 Short 1,426,000 209.30 197.95 1,272.25
Edelweiss Arbitrage Fund Indian Oil Corporation Ltd. 29/04/2021 Short 3,107,000 95.97 92.15 607.89
Edelweiss Arbitrage Fund Indian Railway Catering &Tou. Corp. Ltd. Short 71,175 1,828.57 1,769.15 308.32
29/04/2021
Edelweiss Arbitrage Fund Indraprastha Gas Ltd. 29/04/2021 Short 158,125 522.59 515.50 191.21
Edelweiss Arbitrage Fund Indus Towers Ltd. 29/04/2021 Short 176,400 252.67 246.70 151.66
Edelweiss Arbitrage Fund IndusInd Bank Ltd. 29/04/2021 Short 792,900 987.04 961.40 3,929.84
Edelweiss Arbitrage Fund Info Edge (India) Ltd. 29/04/2021 Short 37,750 4,549.97 4,297.80 473.31
Edelweiss Arbitrage Fund Infosys Ltd. 29/04/2021 Short 472,200 1,356.13 1,377.05 1,367.90
Edelweiss Arbitrage Fund ITC Ltd. 29/04/2021 Short 566,400 213.99 219.35 270.84
Edelweiss Arbitrage Fund Jindal Steel & Power Ltd. 29/04/2021 Short 1,520,000 314.77 346.05 1,858.07
Edelweiss Arbitrage Fund JSW Steel Ltd. 29/04/2021 Short 1,479,600 438.43 470.90 1,825.55
Edelweiss Arbitrage Fund Jubilant Foodworks Ltd. 29/04/2021 Short 51,000 2,895.65 2,931.15 624.28
Edelweiss Arbitrage Fund Kotak Mahindra Bank Ltd. 29/04/2021 Short 21,600 1,792.73 1,765.30 107.85
Edelweiss Arbitrage Fund L&T Finance Holdings Ltd. 29/04/2021 Short 2,364,860 97.31 96.50 719.80
Edelweiss Arbitrage Fund Larsen & Toubro Infotech Ltd. 29/04/2021 Short 450 4,074.50 4,083.85 4.71
Edelweiss Arbitrage Fund Larsen & Toubro Ltd. 29/04/2021 Short 375,475 1,399.72 1,426.45 1,159.26
Edelweiss Arbitrage Fund LIC Housing Finance Ltd. 29/04/2021 Short 118,000 410.77 430.20 154.62
Edelweiss Arbitrage Fund Mahanagar Gas Ltd. 29/04/2021 Short 13,800 1,169.53 1,172.30 39.61
Edelweiss Arbitrage Fund Manappuram Finance Ltd. 29/04/2021 Short 216,000 158.20 150.15 102.40
Edelweiss Arbitrage Fund Marico Ltd. 29/04/2021 Short 208,000 405.11 414.10 151.78
Edelweiss Arbitrage Fund Maruti Suzuki India Ltd. 29/04/2021 Short 12,200 7,160.31 6,905.70 221.31
Edelweiss Arbitrage Fund Max Financial Services Ltd. 29/04/2021 Short 41,600 872.82 865.95 115.54
Edelweiss Arbitrage Fund MindTree Ltd. 29/04/2021 Short 101,600 2,015.03 2,090.55 582.59
Edelweiss Arbitrage Fund Motherson Sumi Systems Ltd. 29/04/2021 Short 777,000 209.54 202.80 542.95
Edelweiss Arbitrage Fund MRF Ltd. 29/04/2021 Short 150 85,468.91 82,864.25 25.78
Edelweiss Arbitrage Fund National Aluminium Company Ltd. 29/04/2021 Short 1,632,000 52.87 54.35 238.64
Edelweiss Arbitrage Fund Navin Fluorine International Ltd. 29/04/2021 Short 6,300 2,458.69 2,763.80 50.34
Edelweiss Arbitrage Fund Nestle India Ltd. 29/04/2021 Short 2,750 16,627.86 17,175.40 88.78


(Rs.) Lakhs)
Edelweiss Arbitrage Fund Nippon Life India Asset Management Ltd. Short 25,600 329.55 340.70 25.73
29/04/2021
Edelweiss Arbitrage Fund NMDC Ltd. 29/04/2021 Short 549,400 126.21 136.40 238.24
Edelweiss Arbitrage Fund NTPC Ltd. 29/04/2021 Short 91,200 110.08 106.95 23.37
Edelweiss Arbitrage Fund Oil & Natural Gas Corporation Ltd. 29/04/2021 Short 69,300 108.09 102.95 36.17
Edelweiss Arbitrage Fund P I INDUSTRIES LIMITED 29/04/2021 Short 13,250 2,329.34 2,272.80 67.86
Edelweiss Arbitrage Fund Page Industries Ltd. 29/04/2021 Short 930 29,957.36 30,510.95 68.47
Edelweiss Arbitrage Fund Petronet LNG Ltd. 29/04/2021 Short 240,000 231.14 226.25 147.31
Edelweiss Arbitrage Fund Pfizer Ltd. 29/04/2021 Short 250 4,452.88 4,541.95 2.38
Edelweiss Arbitrage Fund Pidilite Industries Ltd. 29/04/2021 Short 2,500 1,803.69 1,822.25 8.78
Edelweiss Arbitrage Fund Piramal Enterprises Ltd. 29/04/2021 Short 52,800 1,869.51 1,766.40 458.97
Edelweiss Arbitrage Fund Power Finance Corporation Ltd. 29/04/2021 Short 1,078,800 119.65 114.30 317.71
Edelweiss Arbitrage Fund Power Grid Corporation of India Ltd. 29/04/2021 Short 156,000 226.77 217.20 69.67
Edelweiss Arbitrage Fund RBL Bank Ltd. 29/04/2021 Short 232,000 209.10 209.00 175.31
Edelweiss Arbitrage Fund REC Ltd. 29/04/2021 Short 120,000 141.08 131.80 40.04
Edelweiss Arbitrage Fund Reliance Industries Ltd. 29/04/2021 Short 195,750 2,070.78 2,016.90 915.88
Edelweiss Arbitrage Fund SBI Life Insurance Company Ltd. 29/04/2021 Short 52,500 902.69 884.10 102.96
Edelweiss Arbitrage Fund Shree Cement Ltd. 29/04/2021 Short 600 27,064.54 29,540.55 39.69
Edelweiss Arbitrage Fund Shriram Transport Finance Company Ltd. Short 210,400 1,404.70 1,426.55 1,073.90
29/04/2021
Edelweiss Arbitrage Fund Siemens Ltd. 29/04/2021 Short 1,100 1,799.28 1,857.05 4.27
Edelweiss Arbitrage Fund SRF Ltd. 29/04/2021 Short 6,750 5,392.65 5,435.10 87.48
Edelweiss Arbitrage Fund State Bank of India 29/04/2021 Short 1,728,000 366.63 366.35 2,216.37
Edelweiss Arbitrage Fund Steel Authority of India Ltd. 29/04/2021 Short 3,268,000 72.53 79.65 1,161.48
Edelweiss Arbitrage Fund Sun Pharmaceutical Industries Ltd. 29/04/2021 Short 1,099,000 591.96 601.95 1,579.46
Edelweiss Arbitrage Fund Sun TV Network Ltd. 29/04/2021 Short 451,500 470.30 473.60 861.04
Edelweiss Arbitrage Fund Tata Chemicals Ltd. 29/04/2021 Short 132,000 755.61 756.95 243.50
Edelweiss Arbitrage Fund Tata Consultancy Services Ltd. 29/04/2021 Short 72,300 3,097.86 3,193.35 483.06
Edelweiss Arbitrage Fund Tata Consumer Products Ltd. 29/04/2021 Short 43,200 634.86 641.45 74.82
Edelweiss Arbitrage Fund Tata Motors Ltd. 29/04/2021 Short 370,500 296.38 303.95 381.72
Edelweiss Arbitrage Fund Tata Power Company Ltd. 29/04/2021 Short 8,572,500 103.90 103.90 2,382.00
Edelweiss Arbitrage Fund Tata Steel Ltd. 29/04/2021 Short 1,450,100 729.50 816.70 3,738.86
Edelweiss Arbitrage Fund Tech Mahindra Ltd. 29/04/2021 Short 86,400 1,003.91 998.65 193.43
Edelweiss Arbitrage Fund The Federal Bank Ltd. 29/04/2021 Short 1,560,000 77.62 76.35 354.31
Edelweiss Arbitrage Fund The Ramco Cements Ltd. 29/04/2021 Short 79,900 968.61 1,009.65 174.77
Edelweiss Arbitrage Fund Titan Company Ltd. 29/04/2021 Short 130,500 1,482.61 1,564.75 452.78
Edelweiss Arbitrage Fund Torrent Pharmaceuticals Ltd. 29/04/2021 Short 5,000 2,497.80 2,555.45 27.58
Edelweiss Arbitrage Fund Trent Ltd. 29/04/2021 Short 19,575 802.16 756.55 41.07
Edelweiss Arbitrage Fund TVS Motor Company Ltd. 29/04/2021 Short 4,200 577.00 585.85 5.81
Edelweiss Arbitrage Fund United Spirits Ltd. 29/04/2021 Short 142,500 554.95 560.35 170.39
Edelweiss Arbitrage Fund UPL Ltd. 29/04/2021 Short 91,000 636.64 645.95 169.29
Edelweiss Arbitrage Fund Vedanta Ltd. 29/04/2021 Short 198,400 223.70 229.10 159.17
Edelweiss Arbitrage Fund Vodafone Idea Ltd. 29/04/2021 Short 14,420,000 9.75 9.40 715.09
Edelweiss Arbitrage Fund Voltas Ltd. 29/04/2021 Short 165,000 997.26 1,008.85 365.84
Edelweiss Arbitrage Fund Wipro Ltd. 29/04/2021 Short 172,800 407.37 417.15 156.07
Edelweiss Arbitrage Fund Zee Entertainment Enterprises Ltd. 29/04/2021 Short 1,089,000 204.51 204.15 864.83
Edelweiss Balanced ACC Ltd. 29/04/2021 Short 3,500 1,849.38 1,915.65 13.72
Advantage Fund


(Rs.) Lakhs)
Edelweiss Balanced Adani Ports & Special Economic Zone Ltd. Short 237,500 709.49 707.40 585.39
Advantage Fund 29/04/2021
Edelweiss Balanced Ambuja Cements Ltd. 29/04/2021 Short 12,000 297.44 310.30 9.44
Advantage Fund
Edelweiss Balanced Asian Paints Ltd. 29/04/2021 Short 15,900 2,434.95 2,554.75 82.60
Advantage Fund
Edelweiss Balanced Axis Bank Ltd. 29/04/2021 Short 181,200 707.89 701.35 388.54
Advantage Fund
Edelweiss Balanced Bajaj Auto Ltd. 29/04/2021 Short 6,250 3,657.60 3,684.00 48.36
Advantage Fund
Edelweiss Balanced Bandhan Bank Ltd. 29/04/2021 Short 77,400 352.56 341.40 118.31
Advantage Fund
Edelweiss Balanced Bank of Baroda 29/04/2021 Short 702,000 71.03 74.55 222.67
Advantage Fund
Edelweiss Balanced Bharat Forge Ltd. 29/04/2021 Short 171,000 590.98 599.70 291.52
Advantage Fund
Edelweiss Balanced Bharat Petroleum Corporation Ltd. 29/04/2021 Short 104,400 428.99 430.95 197.19
Advantage Fund
Edelweiss Balanced Bharti Airtel Ltd. 29/04/2021 Short 420,177 522.65 520.70 541.46
Advantage Fund
Edelweiss Balanced Colgate Palmolive (India) Ltd. 29/04/2021 Short 21,000 1,569.23 1,571.00 60.27
Advantage Fund
Edelweiss Balanced Container Corporation Of India Ltd. 29/04/2021 Short 70,335 558.85 601.90 141.93
Advantage Fund
Edelweiss Balanced Dabur India Ltd. 29/04/2021 Short 2,500 545.03 544.30 2.40
Advantage Fund
Edelweiss Balanced Divi’s Laboratories Ltd. 29/04/2021 Short 1,000 3,431.54 3,637.00 7.58
Advantage Fund
Edelweiss Balanced Dr. Reddy’s Laboratories Ltd. 29/04/2021 Short 3,750 4,387.82 4,547.90 33.12
Advantage Fund
Edelweiss Balanced Eicher Motors Ltd. 29/04/2021 Short 14,700 2,588.16 2,622.65 91.79
Advantage Fund
Edelweiss Balanced Hindalco Industries Ltd. 29/04/2021 Short 25,800 312.43 328.40 25.12
Advantage Fund
Edelweiss Balanced Housing Development Finance Corp Ltd. Short 3,900 2,506.24 2,515.60 25.27
Edelweiss Balanced ICICI Bank Ltd. 29/04/2021 Short 367,125 575.98 584.85 589.75
Advantage Fund
Edelweiss Balanced ICICI Prudential Life Insurance Co Ltd. Short 4,500 429.35 446.40 6.91
Edelweiss Balanced IndusInd Bank Ltd. 29/04/2021 Short 38,700 980.17 961.40 191.81
Advantage Fund
Edelweiss Balanced Infosys Ltd. 29/04/2021 Short 151,800 1,369.34 1,377.05 439.74
Advantage Fund
Edelweiss Balanced ITC Ltd. 29/04/2021 Short 608,000 211.65 219.35 290.73
Advantage Fund
Edelweiss Balanced JSW Steel Ltd. 29/04/2021 Short 126,900 443.00 470.90 156.57
Advantage Fund
Edelweiss Balanced L&T Finance Holdings Ltd. 29/04/2021 Short 223,100 95.55 96.50 67.91
Advantage Fund
Edelweiss Balanced Larsen & Toubro Ltd. 29/04/2021 Short 4,025 1,412.56 1,426.45 12.43
Advantage Fund
Edelweiss Balanced Lupin Ltd. 29/04/2021 Short 23,800 1,017.17 1,024.40 54.59
Advantage Fund
Edelweiss Balanced Mahindra & Mahindra Ltd. 29/04/2021 Short 2,800 799.03 800.95 6.74
Advantage Fund


(Rs.) Lakhs)
Edelweiss Balanced Maruti Suzuki India Ltd. 29/04/2021 Short 28,500 7,049.70 6,905.70 517.00
Advantage Fund
Edelweiss Balanced Motherson Sumi Systems Ltd. 29/04/2021 Short 378,000 203.05 202.80 264.14
Advantage Fund
Edelweiss Balanced Navin Fluorine International Ltd. 29/04/2021 Short 1,125 2,471.40 2,763.80 8.99
Advantage Fund
Edelweiss Balanced NMDC Ltd. 29/04/2021 Short 402,000 126.56 136.40 174.32
Advantage Fund
Edelweiss Balanced RBL Bank Ltd. 29/04/2021 Short 162,400 211.01 209.00 122.72
Advantage Fund
Edelweiss Balanced Reliance Industries Ltd. 29/04/2021 Short 230,250 2,081.93 2,016.90 1,077.30
Advantage Fund
Edelweiss Balanced Shriram Transport Finance Company Ltd. Short 10,400 1,389.24 1,426.55 53.08
Edelweiss Balanced State Bank of India 29/04/2021 Short 840,000 362.34 366.35 1,077.40
Advantage Fund
Edelweiss Balanced Sun Pharmaceutical Industries Ltd. 29/04/2021 Short 53,200 582.71 601.95 76.46
Advantage Fund
Edelweiss Balanced Tata Consultancy Services Ltd. 29/04/2021 Short 18,300 3,142.05 3,193.35 122.27
Advantage Fund
Edelweiss Balanced Tata Motors Ltd. 29/04/2021 Short 359,100 288.03 303.95 369.97
Advantage Fund
Edelweiss Balanced Tata Power Company Ltd. 29/04/2021 Short 202,500 103.48 103.90 56.27
Advantage Fund
Edelweiss Balanced Tata Steel Ltd. 29/04/2021 Short 758,200 736.77 816.70 1,954.90
Advantage Fund
Edelweiss Balanced Tech Mahindra Ltd. 29/04/2021 Short 42,000 1,009.88 998.65 94.03
Advantage Fund
Edelweiss Balanced Titan Company Ltd. 29/04/2021 Short 3,750 1,470.84 1,564.75 13.01
Advantage Fund
Edelweiss Balanced Ultratech Cement Ltd. 29/04/2021 Short 3,200 6,819.07 6,787.85 62.30
Advantage Fund
Edelweiss Balanced United Spirits Ltd. 29/04/2021 Short 2,500 545.55 560.35 2.99
Advantage Fund
Edelweiss Balanced Vedanta Ltd. 29/04/2021 Short 1,599,600 222.24 229.10 1,283.34
Advantage Fund
Edelweiss Balanced Zee Entertainment Enterprises Ltd. 29/04/2021 Short 558,000 208.27 204.15 443.14
Advantage Fund
Edelweiss Equity Savings Adani Ports & Special Economic Zone Ltd. Short 127,500 707.76 707.40 314.26
Fund 29/04/2021
Edelweiss Equity Savings Bharti Airtel Ltd. 29/04/2021 Short 70,338 517.36 520.70 90.64
Fund
Edelweiss Equity Savings Canara Bank 29/04/2021 Short 54,000 152.05 153.10 27.53
Fund
Edelweiss Equity Savings Grasim Industries Ltd. 29/04/2021 Short 12,350 1,416.47 1,457.25 45.12
Fund
Edelweiss Equity Savings HCL Technologies Ltd. 29/04/2021 Short 10,500 972.09 988.90 24.25
Fund
Edelweiss Equity Savings Hindustan Unilever Ltd. 29/04/2021 Short 600 2,295.35 2,439.35 2.68
Fund
Edelweiss Equity Savings Housing Development Finance Corp Ltd. Short 25,500 2,506.58 2,515.60 165.22
Fund 29/04/2021
Edelweiss Equity Savings IndusInd Bank Ltd. 29/04/2021 Short 12,600 986.75 961.40 62.45
Fund
Edelweiss Equity Savings Infosys Ltd. 29/04/2021 Short 16,800 1,348.15 1,377.05 48.67
Fund


(Rs.) Lakhs)
Edelweiss Equity Savings ITC Ltd. 29/04/2021 Short 70,400 216.98 219.35 33.66
Fund
Edelweiss Equity Savings Mahindra & Mahindra Ltd. 29/04/2021 Short 4,200 861.22 800.95 10.11
Fund
Edelweiss Equity Savings Petronet LNG Ltd. 29/04/2021 Short 12,000 230.65 226.25 7.37
Fund
Edelweiss Equity Savings Reliance Industries Ltd. 29/04/2021 Short 21,000 2,085.20 2,016.90 98.26
Fund
Edelweiss Equity Savings State Bank of India 29/04/2021 Short 21,000 357.89 366.35 26.94
Fund
Edelweiss Equity Savings Steel Authority of India Ltd. 29/04/2021 Short 342,000 70.20 79.65 121.55
Fund
Edelweiss Equity Savings Tata Power Company Ltd. 29/04/2021 Short 40,500 105.63 103.90 11.25
Fund
Edelweiss Equity Savings Vedanta Ltd. 29/04/2021 Short 12,400 222.95 229.10 9.95
Fund
Edelweiss Aggressive Vedanta Ltd. 29/04/2021 Short 6,200 223.20 229.10 4.97
Hybrid Fund
Total % of Existing Net Assets hedged through futures

Scheme name Percentage of existing net asset hedged through futures
Edelweiss Arbitrage Fund 68.67%
Edelweiss Balanced Advantage Fund 12.74%
Edelweiss Equity Savings Fund 33.30%
Edelweiss Aggressive Hybrid Fund 0.36%
9.2 For the period 01st Apr 2020 to 31st Mar 2021, following hedging transactions through futures have been squared off/expired :
Scheme Total Number Total Number Total Number Total Gross Notional Gross Notional Net Profit/
of contracts of contracts of contracts Number of Value of contracts Value of contracts Loss value on
where futures where futures where futures contracts where futures were where futures were all contracts
were bought were bought were sold where bought (Rs.) sold (Rs.) combined (Rs.)
(opening (opening futures were
balance) balance) sold
Edelweiss Arbitrage Fund – 480,194 – 453,242 337,516,027,397 310,456,344,188 (15,238,145,794)
Edelweiss Balanced Advantage – 12,668 – 12,687 10,607,240,716 10,555,686,753 (132,865,958)
Fund
Edelweiss Equity Savings Fund – 4,931 – 4,332 3,301,934,809 2,916,427,903 (156,208,547)
9.3 Other than Hedging Positions through Futures as on 31st Mar 2021 :
Scheme Underlying Long / Quantity Futures Current Margin Total exposure
Short Price when price of the maintained due to futures
purchased contract (Rs. In (non-hedging
(Rs.) (Rs.) Lakhs) positions) as a
percentage to
net assets
Edelweiss Maiden Opportunities NIFTY 29/04/2021 Long 10,725 14,742.52 14,752.30 86.73 3.08%
Fund-Series 1
Edelweiss Large Cap Fund NIFTY 29/04/2021 Long 6,975 14,742.70 14,752.30 151.27 4.44%
Edelweiss Equity Savings Fund NIFTY 29/04/2021 Short 1,950 14,500.66 14,752.30 42.17 2.59%
Edelweiss Equity Savings Fund Nifty Bank 29/04/2021 Long 50 34,037.20 33,478.45 3.36 0.15%
Edelweiss Balanced Advantage Fund NIFTY 29/04/2021 Short 154,200 14,653.03 14,752.30 3,334.88 6.86%
Edelweiss Aggressive Hybrid Fund NIFTY 29/04/2021 Long 825 14,775.50 14,752.30 17.89 3.12%
Edelweiss Aggressive Hybrid Fund Dr. Lal Path Labs Ltd. Long 750 2,457.73 2,706.25 5.07 0.52%
29/04/2021

Scheme Underlying Long / Quantity Futures Current Margin Total exposure

Short Price when price of the maintained due to futures
purchased contract (Rs. In (non-hedging
(Rs.) (Rs.) Lakhs) positions) as a
percentage to
net assets
Edelweiss Balanced Advantage Fund Muthoot Finance Ltd. Long 63,750 1,231.24 1,211.15 211.81 0.23%
29/04/2021
Edelweiss Balanced Advantage Fund AU Small Finance Bank Ltd. Long 59,000 1,266.46 1,230.15 215.17 0.22%
29/04/2021
Edelweiss Equity Savings Fund Muthoot Finance Ltd. Long 2,250 1,226.90 1,211.15 7.48 0.25%
29/04/2021
Edelweiss Equity Savings Fund AU Small Finance Bank Ltd. Long 500 1,171.55 1,230.15 1.82 0.06%
29/04/2021
Edelweiss Large Cap Fund Muthoot Finance Ltd. Long 9,750 1,228.33 1,211.15 32.39 0.51%
29/04/2021
Edelweiss Maiden Opportunities AU Small Finance Bank Ltd. Long 26,500 1,152.13 1,230.15 96.64 0.63%
Fund-Series 1 29/04/2021
Edelweiss Maiden Opportunities Dr. Lal Path Labs Ltd. Long 59,750 2,514.40 2,706.25 403.90 3.15%
Fund-Series 1 29/04/2021
9.4 For the period 01st Apr 2020 to 31st Mar 2021, following non-hedging transactions through futures have been squared off/
expired :
Scheme Total Number Total Total Number Total Number Gross notional Gross notional Net profit /
of contracts Number of of contracts of contracts value of value of (loss) value on
where futures contracts where futures where contracts where contracts where all contracts
were bought where were sold futures were futures were futures were combined
(opening futures were (opening sold bought (Rs.) sold (Rs.) (Rs.)
balance) bought balance)
Edelweiss Aggressive Hybrid Fund – 259 – 266 190,949,538 198,382,203 2,807,473
Edelweiss Balanced Advantage Fund – 45,440 – 45,816 31,668,847,315 32,047,423,360 456,504,493
Edelweiss Equity Savings Fund – 896 – 847 672,427,423 626,797,124 (8,454,090)
Edelweiss Large Cap Fund – 5,320 – 5,545 3,572,893,897 3,856,376,310 149,565,869
Edelweiss Maiden Opportunities Fund- – 2,963 – 3,191 2,328,164,105 2,562,797,578 85,252,565
Series 1
9.5 Hedging position through options as on 31st March 2021: Nil

9.6 For the period 01st April 2020 to 31st March 2021, hedging transactions through options which have been squared off/
expired : Nil
9.7 Other than hedging positions through options as on 31st March 2021:
Scheme Underlying Call / Put Number of Option price Current Total exposure
contracts when purchased option price through options as
(Rs.) (Rs.) a percentage of net
assets
Edelweiss Balanced Advantage PUT NIFTY Long put 2240 697.48 467.70 0.24%
Fund 29/04/2021 15000
Edelweiss Maiden Opportunities PUT NIFTY Long put 187 95.54 105.60 0.03%
Fund-Series 1 29/04/2021 14000
9.8 For the period 01st Apr 2020 to 31st Mar 2021, following non-hedging transactions through options have been squared off/
expired :
Scheme Underlying Call / Total number Gross notional Net profit / (loss) value
Put of contracts value of contracts on all contracts (treat
entered into entered into (Rs.) premium paid as loss)
(Rs.)
Edelweiss Balanced Advantage Fund Nifty Put 116,870 3,487,893,746 -1,112,073,843
Edelweiss Equity Savings Fund Nifty Put 544 21,589,937 -3,881,433
Edelweiss Maiden Opportunities Fund- Nifty Put 2,437 62,488,781 -55,005,169
Series 1
9.9 For the period 01st April 2020 to 31st March 2021 Hedging positions through swaps - Nil
Note : In case of derivative transactions end of the day position on the date of such transaction is considered as the basis to assess the nature
of transaction as hedge / non-hedge.
There is no exposure to Credit Default Swaps during the year.

10. There was no investment in credit default swaps market in any of the Schemes of the Mutual Fund during the financial year.
11. Prior period comparatives
Prior period figures have been reclassified whenever necessary to conform to current year’s presentation. In respect of Bharat Bond ETF - April
2025, Bharat Bond ETF - April 2031, Bharat Bond FOF - April 2025, Bharat Bond FOF - April 2031, Edelweiss MSCI (I) DM & WD HC 45 ID Fund,
Edelweiss NY PSU BD PL SDL IDX Fund-2026, this being the first year of its existence, there are no prior period comparatives.
12. The outstanding balance in the Investor Education and Awareness pool as on 31st March 2021 is at Rs. 7,635,656 /-
Particulars 31st March 2021
Amount (in Rs)
Opening Balance as on April 01, 2020 14,624,171
Add: Accrual during FY 2020-21 80,424,780
Less: Transferred to AMFI (35,623,539)
Less: Payable to AMFI (March 2021 accrual) (4,588,850)
Add: Investment Income FY 2020-21 373,663
Less: Spent during FY 2020-21 (47,574,569)
Closing Balance as on March 31, 2021 7,635,656
13. COVID Note

The COVID-19 pandemic outbreak across the world including India has resulted in most countries announcing lockdowns and quarantine
measures that have sharply stalled economic activities across the world. The Indian Government too has imposed lockdowns starting from
24 March 2020. Subsequently, the national lockdown was lifted by the government for certain activities in a phased manner outside specified
containment zones, but regional lockdowns/restrictions continued to be implemented in areas with a significant number of COVID-19 cases.
The Indian economy is impacted and would continue to be impacted by this pandemic (including the current “second wave”) and the resultant
lockdown, due to the contraction in industrial and services output across small and large businesses.
Edelweiss Mutual Fund has made attempts to ensure that adequate liquidity and quality of portfolio has been maintained. Service providers
like the Registrar and Transfer Agent, Custodian and Fund Accountant have carried out extensive arrangements to address business needs and
continuity of operations have been achieved by the management all throughout ever since this pandemic has unfolded . Regulators and industry
bodies supported the industry and also permitted certain relaxations in regulatory requirements.
As on the date of adoption of these financial statements by the Board of Directors of Edelweiss Asset Management Ltd & Edelweiss Trusteeship
company Ltd, management of Edelweiss Mutual Fund believes there are no subsequent events indicating any significant impact on the
operations of the Edelweiss Mutual Fund, the going concerns of any of its Schemes for a foreseeable future and on the fair values of all debt and
other investments held by all its schemes as of the Balance Sheet date as a result of prevailing coronavirus pandemic.
14. Subsequent Events

Conversion of Edelweiss Maiden Opportunities Fund – Series 1 from a Close-ended Equity Scheme to an Open-ended Thematic Equity Scheme
and change of scheme name from Edelweiss Maiden Opportunities Fund series 1 (EMOF1) into Edelweiss Recently Listed IPO Fund (ERLIF)
Edelweiss Trusteeship Company Limited and Edelweiss Asset Management Limited, have decided to convert Edelweiss Maiden Opportunities
Fund Series 1 (EMOF1) from a Close-ended Equity Scheme to an Open-ended Thematic Equity Scheme following investment theme of investing
in recently listed companies or upcoming Initial Public Offer (IPOs). It has also been decided to change the name of the scheme from Edelweiss
Maiden Opportunities Fund Series 1 (EMOF1) to Edelweiss Recently Listed IPO Fund (ERLIF). The above changes have been effective from June
29, 2021 (‘’Effective Date’’) after carrying out the necessary regulatory formalities, including intimation to the unitholders.
Nitesh Shetty
Partner Sd/- Sd/-
Sd/- Sd/-

Key Statistics
for the Period ended March 31, 2021
Edelweiss Long Term Equity Fund (Tax Saving)

Year ended 31.03.21 Year ended 31.03.20
Regular Direct Regular Direct
1. NAV per unit (Rs.):Declared NAV excluding Load
Open
Growth 35.43 38.34 46.71 49.67
Daily Dividend N.A. N.A. N.A. N.A.
Weekly Dividend N.A. N.A. N.A. N.A.
Monthly Dividend N.A. N.A. N.A. N.A.
Fortnightly Dividend N.A. N.A. N.A. N.A.
Bonus N.A. N.A. N.A. N.A.
Dividend 11.53 14.95 16.09 20.49
Annual Dividend N.A. N.A. N.A. N.A.
High
Growth 61.08 67.08 50.43 54.46
Dividend 19.13 25.40 16.61 21.50
Low
Growth 33.76 36.54 31.82 34.42
Dividend 10.99 14.25 10.36 13.58
End
Growth 58.99 64.91 35.43 38.34
Dividend 18.17 24.27 11.53 14.95
2. Closing Assets Under Management (Rs. in Lacs)
End 16,460.13 9,298.20
Average (AAuM)4 13,000.26 10,645.44
3. Gross income as % of AAuM1 7.85% 0.81%
4. Expense Ratio:
a. Total Expense as % of AAuM (plan wise) 2.38% 0.69% 2.39% 0.66%
b. Management Fee as % of AAuM (plan wise) 0.48% 0.48% 0.56% 0.54%
5. Net Income as a % of AAuM2 5.54% -1.52%
6. Portfolio turnover ratio3 0.54 0.58
7. Total Dividend per unit distributed during the year / period (planwise) IND. OTH. IND. OTH. IND. OTH. IND. OTH.
Daily Dividend – – – – – – – –
Weekly Dividend – – – – – – – –
Quarterly Dividend – – – – – – – –
Fortnightly Dividend – – – – – – – –
Monthly Dividend – – – – – – – –
Dividend 0.9000000 0.9000000 0.9000000 0.9000000 0.7968675 0.7968675 0.9473869 0.9473869
8. Returns*:
a. Last One Year
Scheme 66.50% 69.30% -24.09% -22.76%
Benchmark 77.58% 77.58% -26.56% -26.56%
b. Since Inception **
Scheme 15.58% 14.36% 11.89% 8.30%
Benchmark 15.97% 13.60% 11.66% 6.75%
Benchmark Index Nifty 500 TR Index

Key Statistics
for the Period ended March 31, 2021 (Contd.)

Regular Retail - Plan B Retail - Plan C Direct Regular Retail - Plan B Retail - Plan C Direct
1. NAV per unit (Rs.):Declared
NAV excluding Load
Open
Growth 27.86 28.01 27.64 29.46 35.50 35.68 35.21 37.02
Daily Dividend N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Weekly Dividend N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Monthly Dividend N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Fortnightly Dividend N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Bonus N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
Dividend 13.80 28.34 22.59 16.67 19.41 36.11 28.78 22.52
Annual Dividend N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.
High
Growth 48.11 48.36 47.72 51.63 38.85 39.05 38.54 41.00
Dividend 22.85 48.93 39.00 28.03 21.24 39.52 31.50 24.94
Low
Growth 26.55 26.69 26.34 28.08 25.15 25.29 24.95 26.59
Dividend 13.14 27.00 21.53 15.88 12.73 25.59 20.40 15.38
End
Growth 45.94 46.18 45.57 49.39 27.86 28.01 27.64 29.46
Dividend 20.96 46.73 37.25 25.75 13.80 28.34 22.59 16.67
2. Closing Assets Under
Management (Rs. in Lacs)
End 23,172.89 14,493.26
Average (AAuM)4 19,676.65 16,534.16
3. Gross income as % of 17.58% 2.03%
AAuM1
4. Expense Ratio:
a. Total Expense as % of 2.48% 2.48% 2.48% 0.81% 1.89% 1.89% 1.89% 0.51%
AAuM (plan wise)
b. Management Fee as % 0.79% 0.79% 0.79% 0.58% 0.50% 0.50% 0.50% 0.39%
of AAuM (plan wise)
5. Net Income as a % of 15.36% 0.34%
AAuM2
7. Total Dividend per unit IND. OTH. IND. OTH. IND. OTH. IND. OTH. IND. OTH. IND. OTH. IND. OTH. IND. OTH.
distributed during the year
/ period (planwise)
Daily Dividend – – – – – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – – – – – –
Quarterly Dividend – – – – – – – – – – – – – – – –
Fortnightly Dividend – – – – – – – – – – – – – – – –
Monthly Dividend – – – – – – – – – – – – – – – –
Dividend 1.5500000 1.5500000 – – – – 1.9000000 1.9000000 1.1775933 1.1775933 – – – – 1.0270738 1.0270738

Key Statistics

Regular Retail - Plan B Retail - Plan C Direct Regular Retail - Plan B Retail - Plan C Direct
8. Returns*:
a. Last One Year
Scheme 64.90% 64.87% 64.87% 67.65% -21.47% -21.44% -21.45% -20.37%
Benchmark 72.54% 72.54% 72.54% 72.54% -24.97% -24.97% -24.97% -24.97%
Scheme 13.71% 13.76% 13.63% 14.40% 9.88% 9.94% 9.80% 8.50%
Benchmark 12.32% 12.32% 12.32% 12.89% 7.97% 7.97% 7.97% 6.46%
Benchmark Index Nifty 50 TR Index
Edelweiss Aggressive Hybrid Fund (Know as Edelweiss Multi-Asset Allocation Fund)

Regular Retail - Plan B Direct Regular Retail - Plan B Direct
Open
Growth 21.33 21.05 22.35 25.27 24.94 26.08
Daily Dividend N.A. N.A. N.A. N.A. N.A. N.A.
Weekly Dividend N.A. N.A. N.A. N.A. N.A. N.A.
Monthly Dividend N.A. N.A. N.A. N.A. N.A. N.A.
Fortnightly Dividend N.A. N.A. N.A. N.A. N.A. N.A.
Bonus N.A. N.A. N.A. N.A. N.A. N.A.
Dividend 15.09 21.46 15.94 19.38 25.42 20.10
Annual Dividend N.A. N.A. N.A. N.A. N.A. N.A.
High
Growth 32.95 32.52 35.09 27.58 27.21 28.88
Dividend 20.95 33.15 22.62 20.08 27.74 21.14
Low
Growth 20.56 20.29 21.54 19.69 19.43 20.62
Dividend 14.54 20.68 15.36 14.11 19.80 14.90
End
Growth 32.06 31.64 34.18 21.33 21.05 22.35
Dividend 20.09 32.25 21.77 15.09 21.46 15.94
End 3,900.33 1,119.11
Average (AAuM)4 1,917.25 867.16
3. Gross income as % of AAuM1 9.57% 6.33%
4. Expense Ratio:
a. Total Expense as % of AAuM (plan wise) 2.36% 2.36% 0.59% 2.29% 2.29% 0.82%
b. Management Fee as % of AAuM (plan wise) 0.37% 0.37% 0.37% 0.51% 0.51% 0.51%
5. Net Income as a % of AAuM2 7.26% 3.98%

Key Statistics
Edelweiss Aggressive Hybrid Fund (Know as Edelweiss Multi-Asset Allocation Fund)

Regular Retail - Plan B Direct Regular Retail - Plan B Direct
7. Total Dividend per unit distributed during the year / period IND. OTH. IND. OTH. IND. OTH. IND. OTH. IND. OTH. IND. OTH.
(planwise)
Daily Dividend – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – –
Quarterly Dividend – – – – – – – – – – – –
Fortnightly Dividend – – – – – – – – – – – –
Monthly Dividend – – – – – – – – – – – –
Dividend 2.1400000 2.1400000 – – 2.1400000 2.1400000 1.3458208 1.3458208 – – 1.3458208 1.3458208
8. Returns*:
a. Last One Year
Scheme 50.30% 50.31% 52.93% -15.55% -15.56% -14.27%
Benchmark 49.75% 49.75% 49.75% -12.91% -12.91% -12.91%
Scheme 10.53% 10.55% 12.52% 7.38% 7.14% 7.93%
Benchmark 11.51% 0.00% 12.28% 8.46% 0.00% 7.90%
Benchmark Index CRISIL Hybrid 35+65 - Aggressive Index
Edelweiss Balanced Advantage Fund Edelweiss Equity Savings Fund

Year ended 31.03.21 Year ended 31.03.20 Year ended 31.03.21 Year ended 31.03.20
Regular Direct Regular Direct Regular Direct Regular Direct
NAV excluding Load
Open
Growth 22.19 23.55 23.56 24.64 13.7695 14.3065 13.8484 14.2461
Monthly Dividend 15.72 16.95 19.13 20.16 11.2921 11.7969 12.3193 12.7052
Bonus N.A. N.A. N.A. N.A. 13.7732 14.3088 13.8503 14.2464
Dividend 11.64 13.95 12.97 15.20 9.9691 10.7893 10.6681 11.6081
High
Growth 32.32 34.74 25.37 26.87 17.0338 17.8536 14.7334 15.2896
Bonus N.A. N.A. N.A. N.A. 17.0406 17.8607 14.7370 15.2921
Dividend 16.22 19.84 13.55 16.15 12.0841 13.2151 10.9112 11.8935
Low
Growth 21.57 22.89 21.22 22.51 13.5741 14.1046 13.3208 13.8375
Bonus N.A. N.A. N.A. N.A. 13.5778 14.1069 13.3244 13.8396
Dividend 11.31 13.56 11.14 13.34 9.8277 10.6370 9.6442 10.4700
End
Growth 31.49 33.91 22.19 23.55 16.7903 17.6190 13.7695 14.3065
Bonus N.A. N.A. N.A. N.A. 16.7974 17.6271 13.7732 14.3088
Dividend 15.61 19.16 11.64 13.95 11.7907 12.9912 9.9691 10.7893
End 331,478.30 125,012.50 11,116.50 8,125.95
Average (AAuM)4 184,422.65 143,394.22 8,279.57 11,658.82

Key Statistics
Edelweiss Balanced Advantage Fund Edelweiss Equity Savings Fund

3. Gross income as % of 11.83% 10.33% -13.59% 14.50%
AAuM1
4. Expense Ratio:
AAuM (plan wise)
of AAuM (plan wise)
5. Net Income as a % of 9.83% 8.22% -15.06% 12.95%
AAuM2
6. Portfolio turnover ratio3 4.44 4.74 5.93 6.53
/ period (planwise)
Daily Dividend – – – – – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – – – – – –
Quarterly Dividend 0.8000000 0.8000000 0.8000000 0.8000000 0.5312451 0.5312451 0.5312451 0.5312451 – – – – – – – –
Monthly Dividend 2.1100000 2.1100000 2.1100000 2.1100000 2.1958132 2.1958132 2.1958132 2.1958132 0.6300000 0.6300000 0.7200000 0.7200000 0.8765548 0.8765548 0.8765548 0.8765548
Dividend – – – – – – – – 0.3400000 0.3400000 0.2700000 0.2700000 0.5843697 0.5843697 0.7791596 0.7791596
8. Returns*:
a. Last One Year
Scheme 41.91% 43.99% -5.80% -4.41% 21.94% 23.15% -0.57% 0.42%
Benchmark 39.21% 39.21% -7.30% -7.30% 26.39% 26.39% -4.47% -4.47%
Scheme 10.38% 12.71% 7.79% 8.88% 8.34% 9.15% 6.02% 6.77%
Benchmark 10.89% 11.56% 8.54% 8.17% 8.85% 8.85% 5.92% 5.92%
Benchmark Index CRISIL Hybrid 50+50 - Moderate Index @@ Nifty Equity Savings Index
Edelweiss Arbitrage Fund Edelweiss ETF - Nifty 50 Edelweiss ETF - Nifty Bank
Year ended 31.03.21 Year ended 31.03.20 Year ended Year ended Year ended Year ended
31.03.21 31.03.20 31.03.21 31.03.20
Regular Direct Regular Direct Direct Direct Direct Direct
NAV excluding Load
Open
Growth 14.6221 15.1202 13.7126 14.0785 9,300.1805 12,416.9334 1,932.2842 3,087.2962
Monthly Dividend 11.9456 12.4208 12.2375 12.5952 N.A. N.A. N.A. N.A.
Bonus 14.6240 N.A. 13.7144 N.A. N.A. N.A. N.A. N.A.
Dividend 10.7295 10.8088 10.4442 10.6599 N.A. N.A. N.A. N.A.
High
Growth 15.1231 15.7503 14.6221 15.1202 16,617.3366 13,356.8319 3,759.6668 3,305.6599
Low
Growth 14.5982 15.0977 13.7008 14.0677 8,744.8805 8,231.9605 1,741.6432 1,708.2836

Key Statistics
Edelweiss Arbitrage Fund Edelweiss ETF - Nifty 50 Edelweiss ETF - Nifty Bank
Year ended 31.03.21 Year ended 31.03.20 Year ended Year ended Year ended Year ended
31.03.21 31.03.20 31.03.21 31.03.20
Regular Direct Regular Direct Direct Direct Direct Direct
End
Growth 15.1200 15.7473 14.6221 15.1202 15,965.2143 9,300.1805 3,362.3832 1,932.2842
End 370,661.96 370,661.96 247.62 144.25 124.85 71.75
Average (AAuM)4 335,256.50 335,256.50 201.21 191.92 96.69 111.59
3. Gross income as % of -11.46% 14.87% 6.62% 2.16% 2.80% 8.68%
AAuM1
4. Expense Ratio:
AAuM (plan wise)
of AAuM (plan wise)
5. Net Income as a % of -12.16% 14.20% 6.55% 2.09% 2.68% 8.56%
AAuM2
6. Portfolio turnover ratio3 13.50 14.19 0.14 0.06 0.21 0.23
/ period (planwise)
Daily Dividend – – – – – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – – – – – –
Monthly Dividend – – – – 0.9562411 0.9562411 0.9562411 0.9562411 – – – – – – – –
Dividend – – – – 0.3541635 0.3541635 0.5578074 0.5578074 – – – – – – – –
8. Returns*:
a. Last One Year
Scheme 3.41% 4.15% 6.61% 7.38% 71.67% -25.04% 74.01% -37.33%
Benchmark 2.34% 2.34% 6.07% 6.07% 72.54% -24.97% 73.97% -36.72%
Scheme 6.30% 6.94% 6.81% 7.44% 11.94% 2.62% 14.32% 3.89%
Benchmark 5.52% 5.52% 6.09% 6.09% 11.80% 2.33% 14.85% 4.27%
Benchmark Index Nifty 50 Arbitrage Index Nifty 50 TR Index Nifty Bank TR Index
Edelweiss ETF – Nifty 100 Edelweiss Emerging Markets Opportunities Equity

Quality 30 Off-Shore Fund
Year ended Year ended Year ended 31.03.21 Year ended 31.03.20
31.03.21 31.03.20
Direct Direct Regular Direct Regular Direct
Open
Growth 223.1852 286.0591 11.5290 11.9401 12.4289 12.7516
Dividend N.A. N.A. N.A. N.A. N.A. N.A.
High
Growth 367.7376 293.6818 19.4579 20.3242 14.4264 14.9167

Key Statistics
Edelweiss ETF – Nifty 100 Edelweiss Emerging Markets Opportunities Equity

Quality 30 Off-Shore Fund
Year ended Year ended Year ended 31.03.21 Year ended 31.03.20
31.03.21 31.03.20
Direct Direct Regular Direct Regular Direct
Low
Growth 211.6512 199.0298 11.2583 11.6600 10.3160 10.6815
End
Growth 358.4795 223.1852 17.6295 18.4334 11.5290 11.9401
End 1,069.59 1,415.82 8,405.12 1,069.28
Average (AAuM)4 1,284.67 1,500.36 3,021.18 881.35
3. Gross income as % of AAuM1 7.02% 1.99% 12.79% 0.25%
4. Expense Ratio:
5. Net Income as a % of AAuM2 6.74% 1.72% 12.03% -0.36%
6. Portfolio turnover ratio3 0.17 0.27 N.A. N.A.
(planwise)
Daily Dividend – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – –
Dividend – – – – – – – – – – – –
8. Returns*:
a. Last One Year
Scheme 60.62% -21.93% 52.91% 54.38% -7.22% -6.35%
Benchmark 61.45% -21.79% 50.58% 50.58% -12.77% -12.77%
Scheme 11.38% 1.99% 8.78% 9.50% 2.51% 3.14%
Benchmark 12.31% 2.22% 6.31% 6.31% 0.05% 0.05%
Benchmark Index Nifty 100 Quality 30 TRI MSCI Emerging Markets Index
Edelweiss ASEAN Equity Off-shore Fund Edelweiss Flexi-Cap Fund (Formerly known as Edelweiss
Multi-Cap Fund)
NAV excluding Load
Open
Growth 15.816 16.996 20.186 21.551 11.091 11.748 14.659 15.254
Dividend N.A. N.A. N.A. N.A. 10.278 10.790 13.584 14.009

Key Statistics
Edelweiss ASEAN Equity Off-shore Fund Edelweiss Flexi-Cap Fund (Formerly known as Edelweiss
Multi-Cap Fund)
High
Growth 23.253 25.123 21.807 23.406 19.391 20.876 15.596 16.481
Low
Growth 15.399 16.549 13.924 14.962 10.613 11.244 9.946 10.531
End
Growth 22.581 24.430 15.816 16.996 18.806 20.275 11.091 11.748
End 5,759.14 2,980.60 67,938.47 42,604.31
Average (AAuM)4 4,366.81 4,184.96 56,807.33 43,787.70
3. Gross income as % of 56.07% 6.84% 9.14% -2.57%
AAuM1
4. Expense Ratio:
AAuM (plan wise)
of AAuM (plan wise)
5. Net Income as a % of 54.84% 5.53% 6.78% -4.94%
AAuM2
6. Portfolio turnover ratio3 N.A. N.A. 0.68 1.00
/ period (planwise)
Daily Dividend – – – – – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – – – – – –
Dividend – – – – – – – – 0.6200000 0.6200000 0.6200000 0.6200000 – – – –
8. Returns*:
a. Last One Year
Scheme 42.77% 43.74% -21.60% -21.08% 69.56% 72.58% -24.28% -22.93%
Benchmark 26.78% 26.78% -24.48% -24.48% 77.58% 77.58% -26.56% -26.56%
Scheme 8.71% 11.44% 5.38% 2.75% 10.80% 12.16% 2.03% 3.17%
Benchmark 3.54% 1.22% 1.17% -1.88% 10.54% 10.54% 0.84% 0.84%
Benchmark Index MSCI AC ASEAN Index Nifty 500 TR Index

Key Statistics
Edelweiss Large & Mid Cap Fund Edelweiss Europe Dynamic Equty Off-shore Fund
NAV excluding Load
Open
Growth 24.9211 27.0174 31.3238 33.4396 9.1925 9.7105 10.5540 11.0726
High
Growth 44.186 48.588 34.588 37.432 14.2838 15.1993 12.1701 12.8491
Low
Growth 23.865 25.876 22.479 24.361 8.9503 9.4550 7.8205 8.260
End
Growth 43.017 47.356 24.921 27.017 14.2838 15.1993 9.1925 9.7105
End 69,702.80 39,254.79 4,215.82 1,866.80
Average (AAuM)4 54,100.78 45,389.80 2,612.10 2,769.68
3. Gross income as % of 9.85% 2.60% -1.41% 2.12%
AAuM1
4. Expense Ratio:
AAuM (plan wise)
of AAuM (plan wise)
5. Net Income as a % of 7.49% 0.18% -2.24% 1.32%
AAuM2
6. Portfolio turnover ratio3 0.70 0.88 N.A. N.A.
/ period (planwise)
Daily Dividend – – – – – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – – – – – –
Dividend 1.3000000 1.3000000 1.4500000 1.4500000 1.3989454 1.3989454 1.5140485 1.5140485 – – – – – – – –

Key Statistics
Edelweiss Large & Mid Cap Fund Edelweiss Europe Dynamic Equty Off-shore Fund
8. Returns*:
a. Last One Year
Scheme 72.61% 75.28% -20.39% -19.16% 55.39% 56.52% -12.87% -12.27%
Benchmark 85.91% 85.91% -27.42% -27.42% 37.82% 37.82% -10.73% -10.73%
Scheme 11.15% 11.92% 7.39% 9.18% 5.11% 6.03% -1.36% -0.48%
Benchmark 12.26% 15.26% 7.92% 7.90% 3.80% 3.80% -0.88% -0.88%
Benchmark Index Nifty Large Midcap 250 TR Index MSCI Europe Index
Edelweiss Greater China Equty Off-shore Fund Edelweiss Mid Cap Fund
NAV excluding Load
Open
Growth 31.318 33.523 27.1342 28.8229 20.109 21.731 26.689 28.380
High
Growth 62.772 67.701 34.5420 36.9590 40.635 44.536 29.439 31.738
Low
Growth 31.123 33.314 24.6390 26.2030 19.606 21.190 18.558 20.047
End
Growth 52.396 56.577 31.318 33.523 39.431 43.257 20.109 21.731
End 127,199.45 15,837.46 121,505.00 69,442.60
Average (AAuM)4 55,164.30 11,029.87 95,345.07 90,341.74
AAuM1
4. Expense Ratio:
AAuM (plan wise)
of AAuM (plan wise)

Key Statistics
Edelweiss Greater China Equty Off-shore Fund Edelweiss Mid Cap Fund
5. Net Income as a % of 39.95% -0.28% 11.29% -2.47%
AAuM2
/ period (planwise)
Daily Dividend – – – – – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – – – – – –
Dividend – – – – – – – – 2.1000000 2.1000000 2.5000000 2.5000000 1.7531088 1.7531088 – –
8. Returns*:
a. Last One Year
Scheme 67.30% 68.77% 15.37% 16.26% 96.09% 99.06% -24.60% -23.37%
Benchmark 44.56% 44.56% -1.36% -1.36% 103.91% 103.91% -34.98% -34.98%
Scheme 15.34% 16.11% 11.37% 12.56% 10.89% 19.43% 5.86% 12.62%
Benchmark 10.54% 11.22% 7.78% 7.27% 9.02% 14.35% 3.60% 5.59%
Benchmark Index MSCI Golden Dragon Index Nifty Midcap 100 TRI
Edelweiss US Value Equity Off-shore Fund Edelweiss Maiden Opportunities Fund –

Series 1
NAV excluding Load
Open
Growth 14.1063 14.8787 15.2842 15.9891 8.3262 8.4313 8.7556 8.8450
High
Growth 21.3175 22.6755 18.2933 19.2759 15.3423 15.5596 11.0695 11.2086
Low
Growth 13.4635 14.2010 11.9232 12.5741 8.3485 8.4540 7.4897 7.5841
End
Growth 21.3175 22.6755 14.1063 14.8787 15.0493 15.2633 8.3262 8.4313

Key Statistics
Edelweiss US Value Equity Off-shore Fund Edelweiss Maiden Opportunities Fund –

Series 1
End 5,858.54 3,292.33 51,358.36 28,412.62
Average (AAuM)4 4,377.88 4,197.62 39,252.87 32,092.42
AAuM1
4. Expense Ratio:
AAuM (plan wise)
of AAuM (plan wise)
5. Net Income as a % of 0.40% 2.93% 5.08% -7.16%
AAuM2
/ period (planwise)
Daily Dividend – – – – – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – – – – – –
Dividend – – – – – – – – – – – – – – – –
8. Returns*:
a. Last One Year
Scheme 51.12% 52.40% -7.69% -6.93% 80.75% 81.03% -4.89% -4.66%
Benchmark 47.85% 47.85% -12.30% -12.30% 77.58% 77.58% -26.56% -26.56%
Scheme 10.40% 11.29% 5.31% 6.16% 14.07% 14.59% -8.34% -7.79%
Benchmark 9.93% 9.93% 5.14% 5.14% 11.36% 11.36% -10.79% -10.79%
Benchmark Index RUSSELL 1000 Value Index Nifty 500 TR Index

Open
Growth 8.406 8.553 11.201 11.225
Dividend 8.406 8.553 11.201 11.225
High
Growth 18.006 18.596 12.373 12.568
Dividend 18.005 18.597 12.372 12.568
Low
Growth 8.212 8.357 7.773 7.907
Dividend 8.213 8.358 7.773 7.907

Key Statistics

End
Growth 17.736 18.333 8.406 8.553
Dividend 16.713 17.312 8.406 8.553
End 74,911.14 37,693.45
Average (AAuM)4 54,058.19 38726.817
3. Gross income as % of AAuM1 13.69% -3.51%
4. Expense Ratio:
a. Total Expense as % of AAuM (plan wise) 2.45% 0.87% 2.48% 0.94%
b. Management Fee as % of AAuM (plan wise) 0.65% 0.64% 0.84% 0.81%
5. Net Income as a % of AAuM2 11.36% -5.91%
7. Total Dividend per unit distributed during the year / period (planwise) IND. OTH. IND. OTH. IND. OTH. IND. OTH.
Daily Dividend – – – – – – – –
Weekly Dividend – – – – – – – –
Quarterly Dividend – – – – – – – –
Fortnightly Dividend – – – – – – – –
Monthly Dividend – – – – – – – –
Dividend 1.0000000 1.0000000 1.0000000 1.0000000 – – – –
8. Returns*:
a. Last One Year
Scheme 110.99% 114.35% -24.89% -23.74%
Benchmark 118.68% 118.68% -40.13% -40.13%
Scheme 30.62% 32.65% -14.07% -12.76%
Benchmark 18.42% 18.42% -30.68% -30.68%
Benchmark Index Nifty Smallcap 250 TR Index
Edelweiss Us Technology Equity FOF Edelweiss MSCI India Domestic

& World Healthcare 45 Index
Fund ^
Year ended 31.03.21 Year ended 31.03.20 Year ended 31.03.21
Regular Direct Regular Direct Regular Direct
Open
Growth 9.147 9.154 N.A. N.A. N.A. N.A.
High
Growth 20.0952 20.3023 10.0000 10.0000 11.4322 11.4463
Dividend N.A. N.A. N.A. N.A. 11.4322 11.4463
Low
Growth 8.7335 8.7415 7.9340 7.9374 9.9913 9.9925

Key Statistics
Edelweiss Us Technology Equity FOF Edelweiss MSCI India Domestic

& World Healthcare 45 Index
Fund ^
Year ended 31.03.21 Year ended 31.03.20 Year ended 31.03.21
Regular Direct Regular Direct Regular Direct
End
Growth 17.4203 17.6208 9.1467 9.1542 10.8907 10.9192
End 115,744.97 9,219.56 14,044.93
Average (AAuM)4 57,275.49 8,433.32 11,591.80
3. Gross income as % of AAuM1 39.25% -2.54% 1.93%
4. Expense Ratio:
5. Net Income as a % of AAuM2 38.07% -0.28% 0.45%
6. Portfolio turnover ratio3 N.A. N.A. N.A.
(planwise)
Daily Dividend – – – – – – – – – – – –
Weekly Dividend – – – – – – – – – – – –
Dividend – – – – – – – – – – – –
8. Returns*:
a. Last One Year
Scheme 90.45% 92.49% N.A. N.A. N.A. N.A.
Benchmark 81.23% 81.23% N.A. N.A. N.A. N.A.
Scheme 67.89% 69.69% -8.53% -8.46% 8.91% 9.19%
Benchmark 54.66% 54.66% -9.07% -9.07% 7.02% 7.02%
Benchmark Index Russel 1000 Equal Weighted Technology Index MSCI India Domestic & world
Healthcare 45 Index
IND. - Individual, OTH - Others
AAUM - Average Daily Net Assets
N.A. Not Applicable
^ This Scheme/Plan was launched during the current period and hence there are no NAV per unit at the beginning of the period
* Past performance may or may not be sustained in future. NAV’s of Growth option of the respective plans have been considered for calculation
of return. For schemes that have not completed one year, returns are absolute and for the schemes that have completed one year returns are
compounded annualised return (CAGR).
** Inception date is deemed to be the date of allotment
1. Gross income = amount against (A) in the Revenue account i.e. Income.
2. Net income = amount against (C) in the Revenue account i.e. NET REALISED GAINS / (LOSSES) FOR THE YEAR / PERIOD
3. Portfolio Turnover = Lower of sales or purchase divided by the Average AuM for the year/period.
4. AAuM=Average daily net assets

Risk Factors
Risk Factors: The name of the schemes does not in any manner indicate either, the quality of the schemes, their future prospects and returns. All
mutual fund and securities investments are subject to market risk and there can be no assurance that the scheme’ objectives will be achieved
. As with any investments in securities, the NAV of the units issued under the schemes can go up or down depending on the factors and forces
effecting capital markets. Past performance of the Sponsor and their Affiliates/AMC/Mutual Fund & its Scheme(s) does not indicate the future
performance of the Schemes 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 schemes invest fluctuate, the value of your investment in
the schemes may go up or down. The Sponsor is not responsible or liable for any loss resulting from the operation of the schemes beyond the initial
contribution of Rs.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 .
Statutory Details: Edelweiss Mutual Fund is set up as a Trust under the Indian Trusts Act, 1882 by Edelweiss Financial Services Limited. Sponsor:
Edelweiss Financial Services Limited (EFSL) [liability restricted to initial contribution of Rs. 1,00,000]. 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
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

Edelweiss Asset Management Limited - Investor Service Centres
Ahmedabad : 404, Ten-11 4th Floor, Next to Maradia Plaza, Opp. Yes Bank, CG Road, Ahmedabad - 380006.
Tel No.: 079-68140359/079-68140360
Bengaluru : Unit No.803 & 804, 8th Floor, Prestige Meridian-II, No.20, MG Road, Bangalore - 560001.
Tel No.: 080-41103389/41272294
Chandigarh : Cabin No 7,C/O Meeting Point, SCO 487-488, Himalaya Marg, Sector 35 C, Chandigarh-160 022.
Tel No.: 7208957585, 7208957586
Chennai : 2nd floor, Sheriff Towers, G. N. Chetty Road, T. Nagar, Chennai - 600017. Tamilnadu.
Tel No.: 044 40164707 / 044 40164708
Hyderabad : No. 6-3-1085/D/303, 3rd Floor, Dega Towers, Rajbhavan Road, Somajiguda, Hyderabad - 500 082.
Mobile: +91 8297033388
Indore : 312-313, D.M. Tower, Third Floor, Race Course Road, Indore, Madhya Pradesh - 452001.
Tel No. : 0731 6701522
Jaipur : 7th Floor, G Business Park, D-34, Subhash Marg, C-Scheme, Jaipur - 302001.
Tel No.: 91 (141) 4641 724 / 91 (141) 4641 726
Kanpur : Office No. 202, 203, IInd Floor, Kan Chambers, 14/113, Civil Lines, Kanpur - 208001.
Tel No.: 7304590658, 7304470500
Kolkata : Srishti Building, 3B, 3rd Floor, 12, ho-chiminh Sarani, Kolkata - 700071.
Tel.: 033 40902456/57
Lucknow : Cabin No. 102, A Small Store Trade Point, Ground Floor, Saran Chamber-1, 5-Park Road, Hazratgunj,
Lucknow - 226001. Tel No. : 0522-4070679
Mumbai : Edelweiss House, Off. C.S.T Road, Kalina, Mumbai - 400 098, Maharashtra.
Tel No. : 022 4093 3400 / 4097 9821
New Delhi : 704, 707 & 708, 7th Floor, Mercantile House, 15 Kasturba Gandhi Marg, New Delhi-110001.
Tel No. : 011-42145152 / 42145158
Pune : Sunit Capital, 4th Floor, 402, B-50, Vetalbaba Chowk, Above Mahalaxmi Maruti, Showroom, Senapati Bapat Road,
Shivajinagar, Pune - 411016. Ph no. : +91 9028058348

This Page Intentionally Left Blank
book post
Edelweiss Asset Management Limited

Registered Office and Corporate Office
7th Floor, Edelweiss House, Off C.S.T. Road, Kalina, Santacruz (E), Mumbai 400 098.
E-mail: EMFHelp@edelweissfin.com l Tel. No.: +91 22 4093 3400
Corporate Identification Number
U65991MH2007PLC173409
Statutory Auditors
S R Batliboi & Co. LLP
12th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400028, India
Registrar and Share Transfer Agent (RTA)

kFin Technologies Private Limited (Formerly known as Karvy Fintech Private Limited)
Selenium Tower B, Plot 31-32, Gachibowli, Financial District,Nanakramguda, Serilingampally, Hyderabad - 500 032, Telangana.
E-mail: einward.ris@kfintech.com l Tel. No.: +91 40 6716 1512, 6716 2222 l Fax. No.: +91 40 2343 1551 l Toll Free No.: 1800-345-4001
EdelweissMutualFund EdelweissMutualFund EdelweissMF Edelweiss Asset Management Edelweiss Mutual Fund

Edelweiss Abridged AR21 Equity - 31072021 - 080948 - AM

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Edelweiss Abridged AR21 Equity - 31072021 - 080948 - AM

Uploaded by

Copyright:

Available Formats

ABRIDGED

Overseas Fund of Funds

We found ways to communicate, stay digitally connected and collaborated to use

About the cover

While staying rooted to our core values, we have moved ahead to

Equity Schemes - Annual Report 2020-21 | 1

Letter from CEO........................................................................................ 5

Independent Auditor’s Report................................................................. 23

Abridged Balance Sheet........................................................................... 44

Abridged Revenue Account..................................................................... 50

2 | Equity Schemes - Annual Report 2020-21

Equity Schemes - Annual Report 2020-21 | 3

Customer First One Team

Push Boundaries Be Genuine

Respect Risk Think Digital

4 | Equity Schemes - Annual Report 2020-21

In the depth of winter,

Over the last 18 months, I have read and

Equity Schemes - Annual Report 2020-21 | 5

SIP Book* Industry Rank

Hum akele hi chale the janib-e-manzil magar,

Managing other people’s We are not in the business of We have to be obsessive

6 | Equity Schemes - Annual Report 2020-21

Rocky reminded us that,

Every champion is a contender that refuses to

The last year in review

Consistency of Product launches A sustained A relentless

Equity Schemes - Annual Report 2020-21 | 7

I love the lines by Vince Lombardi,

Winning means you are willing to go longer,

8 | Equity Schemes - Annual Report 2020-21

Ms. Radhika Gupta

Equity Schemes - Annual Report 2020-21 | 9

Year 2020-21 in perspective for the Fund:

10 | Equity Schemes - Annual Report 2020-21

Following are the key updates of the Schemes of the Fund:

b. Mutual Fund Industry Performance:

1. Scheme Performance, Future Outlook and Operations of the Schemes:

EQUITY SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021

Edelweiss Large and Mid Cap Fund

Equity Schemes - Annual Report 2020-21 | 11

Edelweiss Mid Cap Fund

Edelweiss Small Cap Fund

Edelweiss Flexi Cap Fund (Formerly, Edelweiss Multi Cap Fund)

Edelweiss Long Term Equity Fund (Tax Savings)

HYBRID SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021

12 | Equity Schemes - Annual Report 2020-21

Edelweiss Aggressive Hybrid Fund^

Edelweiss Equity Savings Fund

Edelweiss Arbitrage Fund

EXCHANGE TRADED SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021:

Edelweiss ETF - Nifty Bank

Edelweiss ETF - Nifty 100 Quality 30

Equity Schemes - Annual Report 2020-21 | 13

OVERSEAS FUNDS OF FUND SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021:

Edelweiss Emerging Markets Opportunities

Edelweiss Europe Dynamic Equity Offshore Fund

Edelweiss US Value Equity Offshore Fund

Edelweiss Greater China Equity Off-Shore Fund

Edelweiss US Technology Equity Fund of Fund

14 | Equity Schemes - Annual Report 2020-21

INDEX FUND SCHEMES - FUND PERFORMANCE AS ON MARCH 31, 2021:

Equity Schemes - Annual Report 2020-21 | 15