Nifty AWE 3.5 Year
Edelcap Securities Ltd (PP-MLD A+) · Nifty 50
Also known as Nifty AWE, Nifty AWE PP, Nifty 50 AWE PP
Your original money is fully protected, and the first 10% of the Nifty's gains are boosted by 5.001 times, reaching a 50.01% ceiling.
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: Conservative.
Capital fully protected, with a defined return and no market downside.
Balances 100% protection with up to 50% upside.
Prioritises up to 50% upside, accepting no market downside.
What is this product
A 42-month principal-protected Nifty market-linked debenture (All Weather Equity) from Edelcap Securities. It multiplies the first 10% of Nifty gains by 5.001 times, so a 10% index rise already delivers the full 50.01% return, and returns face value if the Nifty ends lower.
- 01Principal is protected at maturity to the extent of face value, subject to issuer credit.
- 02Gains from 0% to 10% on the Nifty are multiplied by 5.001, so a 2% rise pays 10% and a 5% rise pays 25.01%.
- 03Any Nifty gain above 10% pays the same 50.01% ceiling, so the strongest rallies are given up.
- 04Entry level averages the Nifty over the primary trade date and the next 5 F&O expiries; exit level averages the closes from the 31st to the 36th month. Minimum investment ₹5 L, in ₹1 L steps thereafter.
Average of the official closing levels of the Nifty 50 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 Nifty 50 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 | +0.0% | +0.0% | +0.0% | +0.0% | +50.0% | +50.0% | +50.0% | +50.0% | +50.0% | +50.0% |
Underlying level history
Closing level of Nifty 50 over time. This is the history of the underlying itself, not the performance of this note.
Level of Nifty 50. As of the 21 Aug 2026 close. History available from 1 Jan 2008.
In 53% of the 42-month holding windows since Jan 2008, Nifty AWE 3.5 Year would have returned more than simply holding Nifty 50.
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 Nifty 50 over the same period, both on the note's own entry and exit convention. Indicative backtest, not a forecast.
| Nifty 50 return | % of windows | Avg Nifty 50 return | Avg structure return |
|---|---|---|---|
| Below 0% | 1% | -6.98% | +50.01% |
| 0% to 10% | 5% | +5.38% | +39.40% |
| 10% to 50% | 53% | +34.45% | +44.73% |
| Above 50% | 41% | +67.29% | +49.63% |
Across 182 rolling 42-month windows with monthly starts, from Jan 2008 to Feb 2023, grouped by what Nifty 50 did over each window. 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.
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 Nifty 50 path; not a forecast.
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
- Full principal protection at maturity
- Only a 10% Nifty gain is needed for the maximum 50.01% return
- Secured, PP-MLD A+ rated issuer
- Return is capped at 50.01% however far the Nifty runs
- No return at all if the Nifty ends flat or lower
- Unlisted, so exit before maturity depends on an issuer buyback
Suitable market conditions
Notes linked to the Nifty that give back your full original amount at maturity and add upside once the index has risen enough. Around a 12% yearly return at the ceiling, with no market downside.
Documents and downloads
The official term sheet and offer document for this structure are available on request. Always read them before investing.