LEAP Beta 3.5 Year
Edelweiss (via Nuvama) · LEAP Index (Nuvama AM)
1.6x of a growth-focused, actively managed index with no cap, and the same 1x downside.
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. Held in multiples of ₹1 L face value.
Payoff visualisation
Indicative profile of the structure's mechanics at maturity, not a forecast.
Investor return (gold) vs 1:1 underlying (blue)
Scenario analysis
Illustrative investor return across a grid of underlying-return shocks at maturity. 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% |
|---|---|---|---|---|---|---|---|
| Investor return | -30.0% | -20.0% | -10.0% | +0.0% | +16.0% | +32.0% | +48.0% |
Historical simulation
The payoff run over the REAL LEAP Index (Nuvama AM) path in each regime (indicative history).
A deep equity bear market.
Underlying history does not cover this window.
A fast, sharp drawdown.
Underlying history does not cover this window.
A strong recovery and rally.
Underlying history does not cover this window.
A largely range-bound market.
Underlying history does not cover this window.
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
Leveraged participation notes that gear the upside (1.5x to 1.6x) with no cap, while taking one-for-one downside. Built to outperform 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.