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Edelweiss Mid Cap Fund Details | Edelweiss MF

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Edelweiss Mid Cap Fund Details | Edelweiss MF

  1. 1. About the Fund :  A midcap focused fund that invests in compounding businesses, predominantly from the bottom quartile of the market, typically beyond the top 100 companies by market cap.  It maintains high degree of due-diligence to maintain the quality of the portfolio.  Aims to benefit from both source of return:  Compounded Earnings  Valuation re-rating  Fundamental long term investing strategy.  Suitable for investors who are looking for long term wealth creation by investing in midcap companies. AUM of scheme ` 2,293.04 Crore Total Stocks 61 Top 10 Stocks as % of Total Portfolio 33.32 Total Active Bets~ 66.04% ~Active positive bets are those where the fund has a higher weightage as compared to the benchmark. Benchmark Nifty Midcap 150 TRI* Total Expense Ratio Regular Plan 2.08% Direct Plan 0.49% Entry Load Nil Exit Load • If the Units are redeemed / switched out on or before 12 months from the date of allotment – 1.00% • If the Units are redeemed / switched out after 12 months from the date of allotment – Nil Portfolio Positioning Sector Over Weights Vs Benchmark % Over wt Industrial/Infra 6.38 BFSI 2.95 Chemicals & Fertilisers 2.57 Sector Under Weights Vs Benchmark % Under wt Technology -2.66 Oil & Gas -2.39 Metals & Mining -2.32 Top 10 Stocks (%) ABB India Ltd. 4.29% Cummins India Ltd. 3.85% The Federal Bank Ltd. 3.82% Trent Ltd. 3.51% Cholamandalam Investment & Fin Co Ltd. 3.48% Navin Fluorine International Ltd. 3.36% Crompton Greaves Cons Electrical Ltd. 2.97% City Union Bank Ltd. 2.97% Indian Bank 2.59% Ashok Leyland Ltd. 2.47% FUND INSIGHTS: September 30, 2022 Edelweiss Mid Cap Fund An open ended equity scheme predominantly investing in mid cap stocks * The Benchmark Index of Edelweiss Mid Cap Fund has been changed to NIFTY Midcap 150 TRI with effect from December 1, 2021 in line with the framework issued by AMFI for Tier 1 benchmarks Value Large Mid Small Style Size Blend Growth Sahil Shah Fund Manager Experience : 14 years Managing the scheme from December 24, 2021 Trideep Bhattacharya Fund Manager Experience : 22 years Managing the scheme from October 01, 2021 New Entries Exits Oberoi Realty Ltd. Balkrishna Industries Ltd. Fund Manager’s Outlook :  Medium term view continues to be constructive • Improvement in Indian economic activity continues after a speed bump caused by second wave • Housing sales, travel bookings and car bookings indicate healthy consumer spending and demand outlook • Some signs of rural recovery visible which was missing in last 2 years. If rural engine starts to fire this can add to the demand • Government & RBI focused on inducing growth and controlling inflation through various measures • Corporate sector has coped well with the crisis as balance-sheets are far stronger compared to the past • Corporate earnings growth expected to move to a higher trajectory  Key risks • Risk of raw material inflation in near term. • Pockets of excesses and exuberant behavior evident, creating vulnerabilities • Global Risk Off- Central bank balance-sheet tapering and unexpected policy rate increases in response to inflation. • Re-emergence of COVID-19  Brace for Volatilty over medium term • Markets expected to remain choppy due to fears of balance-sheet unwinding and inflation • Do not confuse volatility for risk • Higher volatility is a friend of long-term patient investors • Spreading out investment over a period looks prudent at this stage  Long term View • Historically Small and Midcaps have outperformed large-caps • Over long term Small-Midcaps will outperform supported by faster earnings growth. • While Small-Midcaps have outperformed Nifty50 since April 2020, however on a 5year basis Small & Midcaps performance has been at par with Nifty50  Sectors and Themes • Housing Capex Recovery - Cement, Building Materials companies • Private and Government capex • Financials Remember, mid/small cap segment will likely be more volatile & corrections are part of the game
  2. 2. Portfolio Quality Source: Bloomberg Por olio quality is represented by Es mated Return on Equity. Return on equity (ROE) is the amount of net income returned as a percentage of shareholders equity. Return on equity measures companies profitabili- ty by revealing how much profit a company generates with the money shareholders have invested. Source: Bloomberg Growth is represented by es mated Earnings per share (EPS) growth. EPS is net profit divided by total number of outstanding shares. Source: Bloomberg Valuation is represented by price-earnings ratio (P/E Ratio). It is the ratio for valuing a company that measures its current share price relative to its per-share earnings. Source: Bloomberg, Internal Research. This represents portfolio liquidity and shows the number of days it may take to liquidate the portfolio. Active Bets Growth 27.63 21.88 FY23E EPS growth (%) FY24E EPS growth (%) Quality 19.14 20.85 FY23E ROE (%) FY24E ROE(%) 28.47 22.91 Valuation PER FY23E (x) PER FY24E (x) Data As Of September 2022 Top 10 Active Bets (%) Sector-Wise Cholamandalam Investment & Fin Co Ltd. 3.48% ABB India Ltd. 3.34% City Union Bank Ltd. 2.97% Cummins India Ltd. 2.91% Navin Fluorine International Ltd. 2.46% The Federal Bank Ltd. 2.45% Indian Bank 2.31% Creditaccess Grameen Ltd. 2.29% Bharat Electronics Ltd. 2.04% Brigade Enterprises Ltd. 1.99% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 2.45% 2.68% 3.04% 5.77% 6.86% 8.06% 8.10% 10.17% 19.94% 20.94% Information Technology Realty Construction Materials Automobile and Auto Components Consumer Durables Consumer Services Healthcare Chemicals Capital Goods Financial Services
  3. 3. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Fund Performance as on September 30, 2022 1 Year 3 Year 5 Year Since Inception - Regular Plan Period Returns Scheme - Regular Plan Benchmark (Nifty Midcap 150 TRI* ) Additional Benchmark (Nifty 50 TR Index) Value of Rs. 10000 Invested Returns Value of Rs. 10000 Invested Returns Value of Rs. 10000 Invested 5.10% 10,510 3.65% 10,365 -1.64% 9,836 26.28% 20,148 26.53% 20,273 15.57% 15,443 15.29% 20,386 14.36% 19,575 13.19% 18,590 11.85% 52,306 10.93% 46,284 8.56% 33,637 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Notes: 1. * The Benchmark Index of Edelweiss Mid Cap Fund has been changed to NIFTY Midcap 150 TRI with effect from December 1, 2021 in line with the framework issued by AMFI for Tier 1 benchmarks 2. Returns computation Less than 1 year Absolute and more than 1 year CAGR 3. Different plans shall have different expense structure. The performance details provided herein are of Regular Plan of Edelweiss Mid Cap Fund. Returns are for Growth Option only. Since Inception returns are calculated on Rs. 10/- invested at inception of the scheme. In case the start/end date is non business day, the NAV of previous day is used for computation. 4. The scheme is currently managed by Trideep Bhattacharya (managing this fund from October 01, 2021) and Sahil Shah (managing this fund from December 24, 2021). Please click on this link https://edelweissmf.com/downloads/factsheets to view other schemes currently managed by the fund manager & relevant scheme for performance. 5. Standard deviation and Sharpe ratio are annualized. 6. Active bets are those where the fund have exposure away from the weightage as compared to benchmark. Source: Bloomberg. 7. Please note that Edelweiss Emerging Leaders Fund was merged with JP Morgan India Mid and Small Cap Fund and feature of JP Morgan India Mid and Small Cap Fund was retained with surviving scheme name as Edelweiss Mid and Small Cap Fund. Further, performance details as per SEBI Circular dated April 12, 2018 of JP Morgan schemes prior to acquisition data is not provided. Trideep Bhattacharya, Sahil Shah is the Fund Manager of the Scheme. The view of the Fund Manager should not be construed as investment advice. Investor must make their own investment decisions based on their specific investment objectives and financial positions and using such AMFI qualified advisors as may be necessary. Opinions expressed are not necessarily those of Edelweiss Asset Management Limited (EAML) or any of its Directors, Officers, Employees and personnel. Consequently, EAML or any of its Directors, Officers, Employees and personnel do not accept any responsibility for the editorial content or its accuracy, completeness or reliability and hereby disclaim any liability with regard to the same. LAF - Edelweiss Large Cap Advantage Fund Minimum Investment: ` 5000/- per application plus in multiples of Re 1/- thereafter INCEPTION DATE 26th December 2007 OPTIONS AVAILABLE Growth IDCW PLANS: Regular Plan & Direct Plan Key Information *Investors should consult their financial adviser if in doubt about whether the product is suitable for them. • Long term capital growth. • Investments predominantly in equity and equity related securities of mid cap companies. This product is suitable for investors who are seeking*: Investors understand that their principal will be at Very High risk Scheme Riskometer Benchmark Riskometer: Ni y Midcap 150 TRI

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