LEAP Beta 3.5 Year
Edelweiss (via Nuvama) · LEAP Index (Nuvama AM)
Also known as LEAP Beta
You get 1.6 times the rise of a growth-focused, actively managed index, with no ceiling, and fall with it one-for-one on the way down.
How well this structure fits each investor profile, derived from its protection, return potential and downside. It is a fit score, not a quality grade. Best fit here: Aggressive.
No principal protection, so it carries up to 60% downside.
Balances 0% protection with uncapped upside.
Prioritises uncapped upside, accepting up to 60% downside.
What is this product
A 42-month non-principal-protected debenture linked to the LEAP index, a growth-focused index managed by Nuvama Asset Management. It delivers 1.6 times any positive index move with no cap, and one-for-one downside.
- 01On the upside you earn 1.6 times the LEAP index return, with no cap, so a 30% index move pays 48%.
- 02On the downside the loss is one-for-one with the index; principal is not protected.
- 03The LEAP index is a proprietary, actively managed index by Nuvama Asset Management, so it has no public live ticker and no live spot or historical simulation is shown here.
- 04Entry and exit levels are averaged over the first 5 and last 6 F&O expiries. Minimum investment ₹5 L, in ₹1 L steps thereafter.
Average of the official closing levels of the LEAP Index on the primary trade date and on the F&O expiry of each of the next 5 months.
Average of the official closing levels of the LEAP Index on the F&O expiry of the 31st to the 36th month from the primary trade date. Redemption is at month 42, so the level is fixed six months before you are paid.
Your return is measured between these two levels, not from the index level on the day you invest. Read both definitions in the term sheet before investing.
Payoff visualisation
Indicative profile of the structure's mechanics at maturity, shown out to a +100% move in the underlying. Not a forecast.
How to read this. The horizontal axis is how far the underlying (the index this note tracks) moves by maturity. The gold line is what this structure pays you at each of those moves. The teal dashed line is break-even. Where the gold line is above it you make money; where it flattens, the return is capped or the capital is protected. For example, read across to a plus 10 percent move on the axis, then up to the gold line to see your return if the index finished 10 percent higher.
Scenario analysis
Illustrative investor return across a grid of underlying-return shocks at maturity, out to +100%. Pre-tax and post-cost; returns are not guaranteed and past performance is not indicative of future results.
| Underlying at maturity | -30% | -20% | -10% | +0% | +10% | +20% | +30% | +50% | +75% | +100% |
|---|---|---|---|---|---|---|---|---|---|---|
| Investor return | -30.0% | -20.0% | -10.0% | +0.0% | +16.0% | +32.0% | +48.0% | +80.0% | +120.0% | +160.0% |
Underlying level history
Closing level of LEAP Index (Nuvama AM) over time. This is the history of the underlying itself, not the performance of this note.
Level of LEAP Index (Nuvama AM). As of the 20 Aug 2026 close. History available from 1 Jan 2008.
In 59% of the 42-month holding windows since Jan 2008, LEAP Beta 3.5 Year would have returned more than simply holding LEAP Index (Nuvama AM).
Data as of Aug 2026 · updated on the 1st of each month
Each point is one 42-month holding window, plotted at its maturity date; gold is this structure's return, navy is LEAP Index (Nuvama AM) over the same period, both on the note's own entry and exit convention. Indicative backtest, not a forecast.
| LEAP Index (Nuvama AM) return | % of windows | Avg LEAP Index (Nuvama AM) return | Avg structure return |
|---|---|---|---|
| Below 0% | 3% | -6.01% | +39.87% |
| 0% to 10% | 7% | +4.52% | +16.37% |
| 10% to 50% | 49% | +35.63% | +46.24% |
| Above 50% | 41% | +71.18% | +72.98% |
Across 182 rolling 42-month windows with monthly starts, from Jan 2008 to Feb 2023, grouped by what LEAP Index (Nuvama AM) did over each window. History before Jun 2022 uses Nifty 200 (a large and mid cap index) as an indicative price-return proxy for the LEAP Index's earlier years. Backtested and indicative; past performance is not indicative of future results.
How often it beat the alternatives
Across every tenor-length window in the underlying's real history, how often this structure would have beaten the simple alternatives, measured on its own entry and exit levels. A historical frequency, indicative, not a forecast or a probability. History before Jun 2022 uses Nifty 200 (a large and mid cap index) as an indicative price-return proxy for the LEAP Index's earlier years.
Across 182 rolling 42-month windows with monthly starts, from Jan 2008 to Feb 2023, each computed on this note's own entry and exit convention. Inflation uses CPI (World Bank / MoSPI); the fixed-deposit benchmark uses a representative 1 to 3 year bank rate. Indicative and pre-tax; past performance is not indicative of future results.
If it had matured into a crisis or a peak
Each card assumes the note matured at that moment in history. The figures are the full 42-month return ending then, on this note's own averaged entry and exit levels, so a note maturing into a crash can still show a gain when its exit was fixed before the fall. Real LEAP Index (Nuvama AM) path; not a forecast. History before Jun 2022 uses Nifty 200 (a large and mid cap index) as an indicative price-return proxy for the LEAP Index's earlier years.
Maturing into the depths of the 2008 crash.
Price history does not reach back to the entry date this tenor needs.
Maturing just as the COVID crash hit, on an exit level averaged over the months before it.
Maturing near the top of the 2021 rally.
Maturing in the 2022 to 2023 range, after the full post-COVID recovery.
Risk analytics
- 1.6x uncapped participation in a growth-focused index
- Exposure to an actively managed strategy, not just the Nifty
- Higher gearing than the 1.5x Nifty Beta
- No principal protection; full 1x downside
- Underlying is a proprietary index with no public live price
- Issuer credit and low secondary liquidity
Suitable market conditions
Notes that gear up the market's rise (1.5 to 1.6 times) with no ceiling, while falling in step with the market. Built to beat the index in any positive market.
Documents and downloads
The official term sheet and offer document for this structure are available on request. Always read them before investing.