ACCUMULATOR

PMS
Mar 25
INVESTORS’ DILEMMA ABOUT THEIR
PORTFOLIO
“My portfolio is cluttered,
unorganized, and not aligned
with current market trends.”
“Should I change my strategy?
Shift to large caps, gold, or
fixed income?”

“I’m not receiving the right

guidance at the right time.”

“As I age, it's becoming harder

to explain my dispersed
portfolio to my family.” “I'm struggling to get a
clear, single view of my
portfolio and returns”
COMMON MISTAKES MADE BY INVESTORS

Tracking various asset Invest in Large Cap MF Working with Multiple people
classes and schemes with Portfolios and Invest in for Investments
limited knowledge and Large Cap Direct Equity
making investment Example: Bankers for FD,
decisions Brokers for Mutual funds,
Doing Direct Equities

Makes the portfolio

End up taking the End up in too Many
Complex and Cluttered and
wrong decisions at Overlaps in their Portfolio
does not Look at the right
the wrong time and making it inefficient
Asset Allocation for a
to track and monitor
Portfolio
AS AN ANSWER TO ALL THESE DILEMMAS
AND COMMON MISTAKES GAVE WAY FOR

ACCUMULATOR PMS
 WORKS ON THE CORE
ONE STOP SHOP PHILOSOPHY OF ASSET
SOLUTION ALLOCATION &
DIVERSIFICATION

ACCUMULATOR
PMS MANAGED BY
AN INSTITUTION COST
& NOT PEOPLE EFFICIENT
BIASED
ONE STOP SOLUTION
ONE STOP SHOP SOLUTION
PATH TO CONSISTENT COMPOUNDING
With a portfolio-based approach, money is
invested to its full potential. ALPHA GENERATION
COMPREHENSIVE INVESTMENT APPROACH
The combined portfolio of Equity (Large, mid, small
cap & international funds), Debt (debt MFs, bonds,
REITs, InvITs) and Gold ETF, based on the risk appetite. RIGHT ASSET ALLOCATION

COMPREHENSIVE REPORTING & OPERATIONAL EASE

Seamless investment process with high-end
technology for execution and reporting [Monthly EASE OF UNDERSTANDING
Statement of Account] PORTFOLIO RETURNS

HIGH-QUALITY PORTFOLIOS
Premium investment portfolios of handpicked funds
crafted & managed by experts. CONVENIENCE
& NO CLUTTER
TIMELY INVESTMENT DECISION
Timely decision-making has a significant impact
on portfolio performance.

LESS COMPLEXITY
FINANCIAL DISCIPLINE
Strict adherence to stated objectives with well-defined
investment contours to accommodate market fluctuations.
WORKS ON THE CORE PHILOSOPHY OF
ASSET ALLOCATION: DIVERSIFICATION
HOW MULTI ASSET ALLOCATION OPERATES?
ALUMINUM FOIL
AIRPLANE

Adding other elements to aluminum

can improve its overall hardness &
strength which can be used to make
aircraft

CHEMICAL %
COMPOSITION
CHEMICAL % Aluminum 91%
COMPOSITION
Zinc 5%
Aluminum 99%
Magnesium 2%
Iron & Silicon 1%
Copper 1.5%
Other 0.5%

CAN THIS THEORY APPLY TO INVESTING AS WELL?

 WORKS ON THE CORE PHILOSOPHY
OF ASSET ALLOCATION
Historically, no single asset class has been a consistent performer

Calendar Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Large Cap 11% 39% 42% 57% -51% 78% 19% -24% 29% 8% 33% -3% 4% 30% 5% 13% 16% 26% 6% 21% 10% 0%
Mid Cap 26% 38% 31% 79% -59% 102% 20% -30% 41% -4% 58% 8% 8% 49% -15% -3% 23% 48% 5% 48% 25% -10%
Small Cap 37% 60% 48% 89% -71% 110% 19% -33% 39% -7% 57% 8% 3% 60% -28% -9% 23% 61% -13% 57% 25% -14%
Debt 3% 5% 5% 8% 10% 7% 5% 8% 9% 8% 10% 9% 10% 6% 7% 10% 10% 4% 4% 7% 8% 2%
Gold 0% 22% 21% 17% 31% 19% 24% 31% 10% -19% 0% -6% 11% 6% 7% 21% 28% -2% 11% 8% 38% 19%
International 13% 8% 18% 7% -42% 27% 10% -8% 13% 24% 3% -3% 5% 20% -10% 25% 14% 20% -19% 22% 17% -2%

Having a mix of asset classes in investment portfolio reduces dependency of returns on a single asset class

# Returnsare based on absolute annual returns for each year; Past performance may or may not be sustained in future. Returns f or 2024 are as on 31 st March 2025
*Benchmarks: Equity Large Cap- Nifty 50 TRI, Equity Mid Cap- Nifty Midcap 100 TRI, Equity Small Cap- Nifty Small cap 100 TRI , Debt- Crisil Short Term Bond Fund Index, Gold- Gold Spot rate in INR
(XAU INR), International- MSCI World Index
HISTORICAL EVIDENCE TO SUPPORT
ASSET-CLASS LEVEL DIVERSIFICATION
Let’s look at the drawdowns when asset classes like Gold & debt are added to Equities.

Financial crisis Covid crisis

110 105
100
100
95
90
90
80 85

70 80
Nifty 50 -38%
75
Multi Asset Allocation (50% Equity -18%
60
+ 25% Debt+25% Gold)
Nifty 50 -59% 70
50
Multi Asset Allocation (50% Equity -27% 65
+ 25% Debt+25% Gold)
40 60

Lower drawdown + better investor experience

Sourc e – DSP Internal. Nifty 50 TRI, CRISIL Ultra Short Duration Debt B-I Index, XAU/INR conside red for Indian Equities, Indian Debt & Gold respectively. Annual rebalancing considered. Past performance may or may not be s us tained in future and should no t be
used as a bas is for comparison with other inves tments . These figure s pe rtain to performance of the index/Model and do not inany manner indicate the returns/performance of the Sc heme. It is not possible to inves t directly in an index.

Strictly Confidential Training Material

BACKED BY AN INSTITUTION
BACKED BY AN INSTITUTION
Global Investment Advisory Committee (GIAC)
Team of experienced individuals, experts in the respective field's equities, fixed income, research, alternates & risk management. The committee meets
monthly to debate market conditions, events and economic forecasts and provide their thoughts on optimal portfolio allocations across asset classes

Constantly monitoring of portfolio Ajay Marwaha Ajay Vora Alok Saigal

Anshu Kapoor
& Active Management Head, EVP, President &
Head, President & Head,
Fixed Income Nuvama EDGE Nuvama AMC
Seamless investment process with high-end Markets Nuvama Private
technology for execution and reporting
Ashish Kehair Dhawal Dalal Kapil Gupta Keyur Ajmera
[Monthly Statement of Account]
MD & CEO, CIO - Fixed Income, Executive Chief Risk Officer,
Edelweiss AMC Director, Nuvama Private
Nuvama Group
Economist

Access to credible information Onkarpreet

Amit Rajawat *
Shiv Sehgal
Access to credible research and market Singh Jutla
President & Head, Fund Manager,
news, as well as analysis of their impact, can Chief Products Capital Markets
Officer, Nuvama Infinity Mandate
make a world of difference.
Private

Efficient Risk Management Managed by an Institution, not Individuals

• Fund is Managed by Amit Rajawat.

• Monthly Meeting of the GIAC Members , Team of experienced individuals, experts in the respective field's equities, fixed
income, research, alternates & risk management.
• The committee meets monthly to debate market conditions, events and economic forecasts and provide their thoughts on
optimal portfolio allocations across asset classes

13
Strictly Confidential Training Material
 Examples of how GIAC helped in the last year:

- The GIAC has adjusted their allocations to equity going

overweight on Jun 2023 which has allowed the portfolios to
benefit from the rise in markets.

- An increased allocation was taken in Gold on Oct 2023, during

the Israel Hamas conflict which has resulted in an absolute
gain of ~30% in the precious metal.

- A further increase in the equity allocation was taken on Jun

2024 following the elections results to benefit from the
euphoria from the third term for the current government.

- The allocation was reduced to neutral allocation in Oct’24 prior

to the US and Maharashtra elections.

- The committee observed that market conditions have shown

signs of stabilization following a period of cautious positioning,
they decided to adopt a more aggressive stance for Dec’24,
increasing equity allocation to a slightly overweight stance.

- After the introduction of Trump tariffs, the committee decided

to remove the US allocation within the portfolio thereby
moving the equity allocation to a slightly underweight stance.

14

Strictly Confidential Training Material

COST EFFICIENT
COST EFFICIENT
Expense Ratios of ETF v/s Large Cap Mutual Fund

Investments are made through direct Cost savings

mutual funds and ETFs. Certain ETFs have ~55 bps p.a
similar compositions to their respective
Mutual Funds and hence generating returns
similar with lower expense ratios.
~20 bps p.a. ~76 bps p.a.

Expense Ratio of Index ETF Expense Ratio of Comparable Large

Cap MF (Direct)

Performance of Direct vs Regular MF

The method of investments is through the 16.70%
means of Direct Mutual Funds instead of Extra Return
Regular Mutual Funds. ~105 bps p.a

15.60%

DIRECT REGULAR
Expense Ratio of Comparable Large Cap MF refers to the average expense ratio of all Large Cap Mutual Funds. Alpha is on Absol ute basis and as on 30-Jun-2024.
The performance related information provided herein is not verified by SEBI.
PRODUCT DETAILS
ACCUMULATOR PMS
Two Options Basis Investors Risk Appetite

Balanced|Growth
MODEL PORTFOLIOS:
BROAD CONTOURS AND LIMITS*
Asset Class Balanced Growth

Equity* 30% to 60% 65% to 100%

Fixed Income Upto 70% Upto 35%

Alternatives Upto 15% Upto 20%

Cash & Liquid** Upto 15% Upto 15%

50% Nifty 50 TRI:

85% Nifty 50 TRI:
Benchmark 50% CRISIL Short Term Bond Fund
15% CRISIL Liquid Fund Index
Index

Offerings ranging across asset classes and diverse risk profiles

*-equity investments are managed through direct MF schemes

 GROWTH MODEL PORTFOLIO
If you are a growth investor, you want long-term growth and
understand that a loss in one year may be the price you have to
pay to achieve your financial goals.
 Consistent Compounder - Growth Model Portfolio
Asset Class Solution Allocation Total Allocation
Nippon India Large Cap Fund 10.00%
ICICI Pru Bluechip Fund 10.00%
SBI Banking & Financial Services Fund 3.75%
ICICI Pru Banking And Financial Services 3.75%
Axis Nifty 100 Index Fund 2.50%
Equity 78.75%
Large Cap ETFs 28.25%
UTI Nifty200 Momentum 30 Index Fund 6.00%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund 4.50%
Motilal Oswal Small Cap Fund 5.00%
HSBC Small Cap Fund 5.00%
Aditya Birla Money Market Fund 7.25%
Fixed Income 15.25%
Aditya Birla SL Arbitrage Fund 8.00%
Alternative HDFC Gold ETF 6.00% 6.00%
Grand Total 100.00%

21
Portfolio as on 31-Mar-25. Navi US Total Stock Market Fund represents exposure to International Equities. Model Portfolio is indicative and actual client portfolios might vary depending on timing of investment and other factors.
The stocks/securities/MF schemes mentioned above is for illustrative purpose only and the actual client portfolio may or may not have these stocks/securities/MF schemes
 Consistent Compounder Growth Portfolio –
Attributes
Market Cap Mix* Credit Rating Mix*
Top 5 Equity Sector vs Nifty 50**
11% 3% 0% 0%
17.9%
Financial Services
16%
37.3%

3.8%
70% IT
11.9%
100%
Large Cap Mid Cap Small Cap Others^^ AAA/Sov AA A Others^ 8.9%
Oil & Gas
^^ Others include Cash & 9.9%
Equivalents , Bank Deposits , Debt ^Others include Reverse Repo , TERPS &
Instruments, Mutual Fund Units and Net Current Assets
other Equity Instruments
10.9%
Consumer Goods
6.8%

Liquidity Profile Model Portfolio Attributes** Model Portfolio 9.3%

Automobile
6.9%
Max Manager
Open Ended 100.00% 19.75%
Exposure
Portfolio Nifty 50
Max Direct Issuer
Locked In 0.00% 0.00%
Exposure

* Market Cap & Credit Rating Mix are calculated by taking weighted average of all underlying scheme’s holdings at portfolio level as on 31-Mar-2025. The stocks/securities/MF schemes mentioned above is for 22
illustrative purpose only and the actual client portfolio may or may not have these stocks/securities/MF schemes. International Equities is considered part of Large Cap. ^^ Others includes Cash & Equivalents , Bank
Deposits , Debt Instruments, Mutual Fund Units and other Equity Instruments. ^Others include Reverse Repo , TERPS & Net Current Assets
** As a % of Equity Portfolio
Growth Portfolio* – Top 10 Holdings
Equity Exposure Allocation** Debt Exposure Allocation**

HDFC Bank Ltd. 5.8% 182 Days Treasury Bill - 29-Aug-25 0.3%

ICICI Bank Ltd. 4.3% 91 Days Treasury Bill - 10-Apr-2025 0.2%

Reliance Industries Ltd. 2.6% Kotak Mahindra Bank Ltd. (15-Jan-26) 0.2%

Infosys Ltd. 2.4% HDFC Bank Ltd. (04-Dec-25) 0.2%

Axis Bank Ltd. 2.2% IDBI Bank Ltd. (05-Dec-25) 0.2%

Bharti Airtel Ltd. 1.8% 91 Days Treasury Bill - 01-May-2025 0.1%

Larsen & Toubro Ltd. 1.6% 07.38% Madhya Pradesh SDL - 15-Mar-2025 0.1%

Eternal Ltd. 1.3% Union Bank of India (05-Dec-25) 0.1%

State Bank Of India 1.2% Tata Teleservices Ltd. -364D (18-Nov-25) 0.1%

Sun Pharmaceutical Industries Ltd. 1.1% Kotak Mahindra Bank Ltd. (18-Feb-26) 0.1%

Grand Total 24.5% Grand Total 1.7%

*MF Portfolio is as of 28-Feb-2025. Model Portfolio data is as on 31-Mar-2025; Exposure stated above is by taking the weighted average of all underlying scheme’s holdings at a portfolio level
** as a % of Total Portfolio 23
The stocks/securities/MF schemes mentioned above is for illustrative purpose only and the actual client portfolio may or may not have these stocks/securities/MF schemes.
BALANCED MODEL PORTFOLIO
Ideal for those who don’t mind a little bit of fluctuation
in their investment returns but would be uncomfortable
with significant ups and downs.
 Consistent Compounder –
Balanced Model Portfolio
Asset Class Solution Allocation Total Allocation
ICICI Pru Bluechip Fund 10.00%
Nippon India Large Cap Fund 10.00%
SBI Banking & Financial Services Fund 2.50%
ICICI Pru Banking And Financial Services 2.50%
Equity 47.50%
Axis Nifty 100 Index Fund 2.50%
Large Cap ETFs 10.50%
UTI Nifty200 Momentum 30 Index Fund 5.00%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund 4.50%
Aditya Birla Money Market Fund 7.50%
Aditya Birla SL Arbitrage Fund 10.00%
Fixed Income InvITs 47.50% 10.00%
REITs 10.00%
Kotak Income Plus Arbitrage FOF 10.00%
Alternative HDFC Gold ETF 5.00% 5.00%
Grand Total 100%

25
Portfolio as on 31-Mar-25. Navi US Total Stock Market Fund represents exposure to International Equities. Model Portfolio is indicative and actual client portfolios might vary depending on timing of investment and other factors.
The stocks/securities/MF schemes mentioned above is for illustrative purpose only and the actual client portfolio may or may not have these stocks/securities/MF schemes
 Consistent Compounder Balanced Portfolio
– Attributes
Market Cap Mix*
2.09% 2.97%
Credit Rating Mix*
0.00%
Top 5 Equity Sector vs Nifty 50**
0.00%
19.48%
15.8%
Financial Services
37.3%

75.46% 4.0%
IT
11.9%
100.00
Large Cap Mid Cap Small Cap Others^^
AAA/Sov AA% A Others^
10.4%
^^ Others include Cash & Equivalents , Bank Deposits , Oil & Gas
Debt Instruments, Mutual Fund Units and other Equity ^Others include Reverse Repo , TERPS & Net Current Assets 9.9%
Instruments

12.5%
Consumer Goods
6.8%
Liquidity Profile Model Portfolio Attributes** Model Portfolio

10.9%
Max Manager Automobile
Open Ended 85.00% 18.50% 6.9%
Exposure

Locked In 15.00% Max Direct Issuer

Exposure
15.00% Portfolio Nifty 50

* Market Cap & Credit Rating Mix are calculated by taking weighted average of all underlying scheme’s holdings at portfolio level as on 31-Mar-2025. The stocks/securities/MF schemes mentioned above is for 26
illustrative purpose only and the actual client portfolio may or may not have these stocks/securities/MF schemes. International Equities is considered part of Large Cap. ^^ Others includes Cash & Equivalents , Bank
Deposits , Debt Instruments, Mutual Fund Units and other Equity Instruments. ^Others include Reverse Repo , TERPS & Net Current Assets
** As a % of Equity Portfolio
Balanced Portfolio* – Top 10 Holdings
Equity Exposure Allocation** Debt Exposure Allocation**

HDFC Bank Ltd. 4.4% Indigrid / Bharat Highways InvITs 10.0%

ICICI Bank Ltd. 3.4% Mindspace/Nexus REIT 10.0%

Reliance Industries Ltd. 2.2% 182 Days Treasury Bill - 29-Aug-25 0.3%

Infosys Ltd. 2.0% 91 Days Treasury Bill - 10-Apr-2025 0.2%

Kotak Mahindra Bank Ltd. (15-Jan-
Axis Bank Ltd. 1.8% 0.2%
26)

Bharti Airtel Ltd. 1.4% HDFC Bank Ltd. (04-Dec-25) 0.2%

Larsen & Toubro Ltd. 1.4% IDBI Bank Ltd. (05-Dec-25) 0.2%
State Bank Of India 1.0% 91 Days Treasury Bill - 01-May-2025 0.1%

Sun Pharmaceutical Industries Ltd. 0.9% 07.38% Madhya Pradesh SDL - 15-
0.1%
Mar-2025
Mahindra & Mahindra Ltd. 0.9% Kotak Mahindra Bank Ltd. (18-Feb-
0.1%
26)
Grand Total 19.3% Grand Total 21.5%

*MF Portfolio is as of 28-Feb-2025. Model Portfolio data is as on 31-Mar-2025 ; Exposure stated above is by taking the weighted average of all underlying scheme’s holdings at a portfolio level
** as a % of Total Portfolio
27
The stocks/securities/MF schemes mentioned above is for illustrative purpose only and the actual client portfolio may or may not have these stocks/securities/MF schemes.
PERFORMANCE TRACK RECORD

Similar investment approach with a different strategy.

The performance of the same is highlighted in the below slides.

FY21 FY22 FY23 FY24

Portfolio 40.34% 16.60% 0.41% 24.52%
Balanced
Benchmark 37.39% 12.81% 2.74% 18.26%

Portfolio 59.06% 19.34% -0.91% 35.39%

Growth
Benchmark 60.67% 17.66% 1.87% 26.47%
ACCUMULATOR PMS STRATEGY HAS DELIVERED A
HIGHER ALPHA COMPARED TO STANDARD ASSET
ALLOCATION SINCE ITS INCEPTION
Calendar Year 2019 2020 2021 2022 2023 Allocation
Large Cap 9% 16% 26% 6% 21% 35%
Mid Cap 7% 23% 48% 5% 48% 8%
Small Cap 6% 23% 61% -13% 57% 2%
Debt 3% 10% 4% 2% 7% 46%
Gold 10% 28% -2% 11% 8% 4%
World Index 8% 14% 20% -19% 22% 5%
Weighted Average
6.40% 14.00% 16.20% 1.80% 16.97% 100%
Returns
I-Asset Balanced 7.30% 18.40% 22.40% 2.70% 16.37%
Alpha Generated 0.90% 4.40% 6.10% 0.90% -0.58%

*I-Asset Balanced is one of the Investment Approaches under PMS business of Nuvama Asset Management Limited (formerly known as ESL Securities Limited)
TAXATION

Taxable in the hands of the investor

ASSET CLASS TAXATION

12.5% after 12 months

EQUITY MUTUAL FUNDS
20% before 12 months
12.5% after 24 months
REITS/ INVITS
20% before 24 months
Slab rate <= 24 months
GOLD ETF
24 months, taxed @ 12.5 %
<= 12 months, Taxable as per the applicable slab
BONDS rate
>12 months, Taxable @ 12.5%
FEE STRUCTURE

Management fee^ (as % AUM) for different investment corpus:

MANAGEMENT FEE UPTO ₹ 1 CR. ₹ 1-2 CR. ₹ 2-3 CR. ₹ 3-5 CR. ₹ 5 CR.+

Balanced 1.75% 1.50% 1.25% 1.00% 1.00%

Growth 2.00% 1.75% 1.50% 1.25% 1.00%

EXIT LOAD
• 2% for redemptions prior to completion of 1 year from the date of investment.
• 1% for redemptions after completion of 1 year and prior to 2 years from the date of investment.
• Nil after completion of 2 years from the date of investment.
• Note: The above exit load is over and above the applicable exit load, if any, of the scheme.
DISCLAIMER:

Investments in securities market are subject to market and other risks. Read the disclosure document carefully before investing
and there is no assurance or guarantee that the objective of the mentioned strategy/ strategies will be achieved. Past
Performance is not an indication of future performance. We are not advising or recommending any product or strategy. Please
consult your financial advisor or tax consultant before investing.

NWIL is merely acting in the capacity of distributor for the SEBI registered Portfolio Manager. Broking services offered by Nuvama
Wealth and Investment Limited (NWIL), formerly known as Edelweiss Broking Limited, is a 100% subsidiary of Nuvama Wealth
Management Limited (formerly known as Edelweiss Securities Limited). Registered office and Corporate Office of NWIL is at 8th
Floor, 801- 804, Wing A, Building No. 3, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051,
Maharashtra. It is a Member of National Stock Exchange of India Ltd (Member Code: 13116), BSE Ltd (Member Code :3261),
Multi Commodity Exchange of India Limited (Member Code :56520), Metropolitan Stock Exchange (Member Code :86100) and
National Commodity and Derivatives Exchange Limited (Member Code :01279) and having SEBI registration no. INZ000005231.
Depository Participant SEBI Registration No.: IN-DP-656-2021 with NSDL having DP ID: IN302201 & IN303719 and with CDSL having
DP ID: 12032300. Research services are offered by NWIL under SEBI Registration No. INH000011103.

All disputes with respect to the distribution activity would not have access to Exchange investor redressal forum or Arbitration
mechanism. This document is strictly confidential and for internal use within Nuvama. It should not be redistributed by anyone
who is not the original intended recipient. Name of the Compliance officer: Mr. Srijith Menon. E-mail address:
complianceofficer.nwil@nuvama.com.
Thank you