Over centuries, technology has forged an extraordinary

transformation across sectors.

Industrial 20th Century 21st Century

Revolution
Blockchain
Technology
Economic Impact on world

Electricity
Robotics
Internal
Combustion
Automobile Internet
Engine Energy Storage

Steam Engine
Artificial
Telephone Intelligence
Computers
Railways

1780 1800 1840 1860 1880 1900 1920 1940 1980 2000 2020 (Year of Invention)

Note: ARK Investment Management created this chart based on the relative impact of an innovation scaled by the degree of consensus between economic historians that a particular innovation should be considered an
innovation platform.
 Introducing

Edelweiss Technology Fund

Investment philosophy
Technology is transforming every industry in the world.
We aim to capture such tech opportunities across sectors in India and globally.

Creators Adapters Innovators

Companies that Companies adopting Companies

are creating technology that is transforming
technology and significantly driving traditional
enabling their valuation technologies with
businesses multiples new ones

Portfolio construction strategy

RIDE the technology wave of India with exposure to global innovation in technology

Traditional Tech + New-Age Tech of India Global Tech

R enewables
Electric Vehicles
Renewable Tech AI
Internet companies

I T
IT Services
Business process

India management
Software products
Global Semiconductors
Space tech

Tech Tech Robotics

D igital
Internet platforms
Telecom
Innovative technologies
& megatrends

E MS
IT Hardware
Smart devices
IOT

India allocation includes Equity and Equity related instruments of Technology & technology related companies and also companies other than technology as mentioned under
asset allocation in the SID. Exposure is only indicative. EMS - Electronic Manufacturing Services
 Performance
The India+US Tech combination has the potential to provide better returns vs a pure India Tech strategy
BSE TECk + US
Period S&P BSE TECk US Tech Nifty 50 – TRI
Tech (70:30)
1 Year 29.4% 18.8% 55.5% 21.3%

2 Years 2.1% -2.1% 11.2% 13.2%

3 Years 15.1% 12.8% 19.0% 17.2%

5 Years 21.8% 17.7% 30.0% 16.2%

7 Years 19.5% 16.4% 25.5% 16.4%

10 Years 15.4% 12.2% 21.9% 14.6%

The strategy provides exposure to global tech stocks in a tax efficient manner

Gross returns BSE TECk + Returns post Equity Gross returns Returns net of Tax
Period
US Tech (70 : 30) Taxation of 11.96% US Tech @ 42.74% US Tech

1 Year 29.4% 25.9% 55.6% 31.8%

2 Years 2.1% 1.8% 11.2% 6.4%

3 Years 15.1% 13.3% 19.0% 10.9%
5 Years 21.8% 19.2% 30.0% 17.2%
7 Years 19.5% 17.2% 25.5% 14.6%

10 Years 15.4% 13.6% 21.9% 12.6%

Source: S&P BSE, Bloomberg, Edelweiss AMC internal analysis. For US Tech, price of S&P US Technology Select Sector Index considered. Data as on 31st Dec 2023. The above is only for illustration purpose and
should not be considered as any strategy / scheme returns. Past Performance may or may not be sustained in future. The tax rate includes cess and surcharge.

Key risks

Ÿ Sharper-than-expected decline in global economic activity and GDP growth

Macroeconomic
Risks Ÿ Sustained INR appreciation vs the USD

Company Ÿ Deals not ramping up as expected

Specific Risks Ÿ Margin pressure from increased competition

Ÿ Automation and AI
Additional Risks Ÿ Talent shortage
Ÿ Evolving client needs
 Why consider investing in Technology Now?
Positive Macro Economic Trends - Expectations of revival in global growth and anticipation of
interest rate cuts in 2024 can be the catalyst for revisions in earnings for the IT sector and drive
returns.

Robust Fundamentals – Sector experiencing rise in demand and surged deal flow, fueled by a
rebound in discretionary spending.

Valuations – Attractive, available at a discount from peak.

Nifty IT PE vs Nasdaq PE currently at a discount of -20% vs
Share of IT in Nifty 50 market cap has fallen from the peak
long-term average of -12%
50%
25%
40% Nifty IT PE vs Nasdaq PE
30%
20% 20%
19.10%
10%
0% 16.30%
15% 14.50%
-10% -12% 14% 13.62%
-20% 11.40%
-30% 10%
-20%
-40% 9%

-50% Nifty IT vs Nasdaq PE Average 5%

-60%
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
Jan-22
Jan-23

0%
2004 2008 2012 2020 2021 2022 2023

Source: Bloomberg, NSE. Past Performance may or may not be sustained in future.

Scheme details
Minimum Application
Lumpsum/SIP: Rs. 100/- per application & in multiples of Re. 1/- thereafter
Amount

Benchmark S&P BSE TECk TRI

To provide long-term capital appreciation by investing predominantly in equity and

Investment Objective equity-related securities of technology & technology-related companies.*

Mr. Trideep Bhattacharya

Fund Managers Mr. Sahil Shah (Co-Fund Manager)
Mr. Amit Vora (Overseas Securities)

Ÿ If the units are redeemed /switched out on or before 90 days from the date of
allotment – 1% of the appliable NAV.
Exit Load Ÿ If the units are redeemed /switched out after 90 days from the date of allotment -
NIL.

*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. For details please refer the SID.

To invest visit, www.edelweissmf.com | Download ‘eInvest’ Mobile App

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.