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Presenting
INTRODUCTION
It is difficult to foretell which asset class will outperform other asset classes during volatile times. Currently, investors value Gold as an asset class on par with equity, bonds and real estate. Indeed, gold investments have been providing enhanced risk-adjusted returns at a time when equities and bonds are on a roller coaster. Not surprisingly, Gold is regarded as an effective hedge against inflation, preserving purchasing power over a long period of time. It is a suitable investment vehicle for people looking to build a balanced portfolio with desired returns. Edelweiss Gold & MF Strategy is an innovative way to diversify ones portfolio across asset classes.
INVESTMENT PHILOSOPHY
Enhance returns using a mix of Gold ETFs and units of equity and debt oriented Mutual Fund Schemes and varying allocation from time to time based on a Quantitative Model and technical factors Follow multiple asset classes strategy within the Mutual Fund segment (Gold ETFs and units of equity and debt oriented Mutual Fund schemes) to generate long-term capital appreciation in excess of a static allocation and at a lower risk level The philosophy of the strategy is to make use of the Modern Portfolio Theory (MPT) technique to maximize risk-adjusted returns. As the objective is risk-adjusted returns, in the short term the Strategy could lag behind the benchmark from a return perspective The Portfolio Manager may use historical data (correlation matrices, extreme event co-movement, coskewness etc.), macro-economic and thematic research (to estimate the expected returns from the 3 asset classes) and combine these in a Quantitative Model to arrive at the optimal asset allocation for a certain period
Edelweiss Gold & MF Strategy dynamically varies exposure between Gold and Mutual Funds for superior riskadjusted returns.
*Gold ETF represents Goldman Sachs Gold Exchange Traded Scheme. Gold Strategy represents dynamic asset allocation between Gold ETF and Liquid Funds. The above data is for illustration purpose only. Actual returns may vary from those illustrated. Past performance may or may not be sustained in the future. Returns before trading cost and pre management fees.
For the MF units component: Stable, long duration holding. Further, once such securities are transferred into the Clients account with Edelweiss PMA, for all subsequent buy and/or sell decisions under this segment by the Fund Manager, consent of the Client shall be obtained.
ILLUSTRATION SHOWING COMPARISON OF EACH ASSET CLASS ^ (EQUITY, DEBT, LIQUID AND GOLD ) AGAINST THEIR RESPECTIVE BENCHMARKS
500 450 400
INDICATIVE PERFORMANCE OF GOLD & MF STRATEGY VS ITS BENCHMARK OF 1/3 DOMESTIC PHYSICAL GOLD + 1/3 NIFTY + 1/3 CRISIL LIQUID#
250
200
350 300
Gold Strategy
Gold & MF Strategy Gold & MF Strategy Benchmark
150
Domestic Gold Gold Strategy Benchmark CRISIL Liquid Fund Index Portfolio of Large Cap MFs Nifty
100
50
100 50
07-Dec-07 21-Mar-11 07-Oct-11 10-Nov-12
02-Sep-10
10-Jan-09
14-Feb-10
24-Apr-12
24-Jun-08
29-Jul-09
0 07-Dec-07 24-Jun-08 10-Jan-09 29-Jul-09 21-Mar-11 10-Nov-12 02-Sep-10 14-Feb-10 24-Apr-12 07-Oct-11
#Gold & MF Strategy performance has been computed as per a model allocation of 40% in the Gold Strategy, 30% in an equi-weighted portfolio of 3 good performing large-cap Equity Mutual Funds and 30% in the Crisil Liquid Fund index. Gold & MF Strategy benchmark is 1/3 Domestic Physical Gold + 1/3 Nifty + 1/3 Crisil Liquid. Performance is only illustrative in nature & might not mirror actual performance. Actual performance will depend on the allocation between various asset classes and the specific Mutual Fund schemes used.
^ Performance shown for Gold strategy is based on back tested numbers since Dec 2007.
Edelweiss Gold & MF Strategy is suitable to ride out uncertain market environments with the advantage of diversification.
SCHEME FEATURES
Minimum Investment Performance Benchmark INR 25 Lakhs or equivalent of Gold ETFs, Mutual Fund*units at the time of investment (Applicable as per SEBI guidelines) 1/3rd CNX Nifty Index + 1/3rd CRISIL Liquid Fund Index + 1/3rd Domestic Price of Physical Gold
* Units of Equity Mutual Funds excluding ELSS; units of Debt Mutual Funds excluding Fixed Maturity Plans, Liquid Funds and Ultra Short Term Bond Funds
Leading diversified financial services organization Incorporated in 1995 as an investment bank with focus on Private Equity Syndication Core inspiring thought of ideas creating wealth and values protecting it translated into an approach led by entrepreneurship and creativity and protected by intellectual rigor, research and analysis
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Mr. Vikaas M Sachdeva, a Post Graduate Marketing professional has an overall experience of 21 years in the financial services sector, including 17 years in the Asset Management business. In his previous assignment, he was associated with Bharti AXA Investment Managers Private Limited as Country Head Business Development responsible for strategy, marketing, sales, distribution, investor servicing and product management. He was also associated with ING Investment Management India Private Limited for almost 3 years and Birla Sun Life Asset Management Company Limited for over 10 years at various positions.
Mr. Anurag Madan, having a Bachelor's degree in Economics from University of Delhi, and a CAIIB (Certified Associates of Indian Institute of Bankers),has more than 40 years of experience in financial services industries including Banking and Asset Management out of which 23 years were with State Bank of India, India's largest commercial bank, in various assignments in India and abroad, ranging from International Finance to Merchant Banking to Commercial Banking and SBI Mutual Fund. He also served as the Chief Operating Officer of Sun F&C Asset Management Company Limited for 5 years and as Director (Marketing & Operations) for 4 years. Prior to assuming charge as the Whole Time Director of the AMC, Mr. Madan was the Group Chief Operating Officer at Edelweiss Financial Services Limited.
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Mr. Peeyoosh Chadda, PGDM (IIM Ahmedabad) & B.Tech (IIT Kharagpur),has a work experience of around 16 years. Prior to being deputed to Edelweiss Asset Management Ltd., he was associated with the Asset Management function of Edelweiss Financial Services Limited. His earlier experience includes assignments held with Barclays Capital in Investment Banking function and State Street Global Advisors, Hong Kong in Asset Management function.
Mr. Saurabh Sharma, B.Tech (Computer Science & Engineering) -IIT, Roorkee and MBA (IIM, Calcutta) has a total work experience of over 6 years. Prior to joining Edelweiss Asset Management Ltd., he has worked with IIFL Wealth Management Limited in the Products division.
Disclaimer: Edelweiss Gold & MF Strategy: The objective of the Strategy is to make use of the multiple asset classes within the mutual fund segment (Gold ETFs and units of equity and debt Mutual Fund schemes) to generate long term capital appreciation in excess of a static allocation model and at a lower risk level. The Investment Strategy will be to enhance returns using a mix of Gold Exchange Traded Funds (Gold ETF) and units of equity and debt oriented mutual fund schemes and varying allocation from time to time based on Quantitative Model and technical factors. Risk factors: Investments in securities are subject to market risks. There are no assurances or guarantees that the objectives of any of the Strategy will be achieved. The investments may not be suited to all categories of investors. The value of the Portfolios can go up or down depending on various market factors. Past performance of the Portfolio Manager does not indicate the future performance of the Strategies or any other future Strategies of the Portfolio Manager. Investors are not being offered any guaranteed or indicative returns through any of the Strategies. The name of the Strategy does not in any manner indicate its prospects or returns. Some of the specific risk factors pertaining to investments in Gold ETFs as part of the Strategy include, but are not limited to Market Risk, Currency Risk, Counter Party Risk, Asset Class Risk, Regulatory Risk, Risk of holding physical gold, etc. The performance of the Strategy may be adversely affected by the performance of individual Gold ETFs, changes in the market conditions, micro and macro factors and forces affecting capital markets in particular like interest rate risk, credit risk, liquidity risk and reinvestment risk. The portfolio manager is not responsible or liable for any loss resulting from the operations of the Strategy/ Portfolios. Each portfolio will be exposed to various risks depending on the investment objective, investment strategy and the asset allocation. Non-Diversified Portfolio tends to be more volatile than diversified portfolio. Please read the Disclosure Document before investing. Edelweiss Asset Management Limited is registered with Securities & Exchange Board of India as a Portfolio Manager vide Registration Number PM/INP000003955 having registered office at Edelweiss House, Off. CST Road, Kalina, Mumbai 400 098.
Edelweiss Personalized Managed Accounts is a Division of Edelweiss Asset Management Limited rendering Portfolio Management Services
February 2013