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Edelweiss Overnight Fund - Regular Plan


Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.68 0.01 0.09 0.42 1.22 2.52 -- -- -- -- --
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 -- -- -- -- --
Debt: Overnight 0.65 0.01 0.09 0.40 1.18 2.43 -- -- -- -- --
Rank within category 1 5 7 1 1 1 -- -- -- -- --
Number of funds in category 28 30 30 29 27 23 10 3 3 3 3

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.10 (28-Jul-2019 - 04-Aug-2019) 0.08 (31-Dec-2019 - 07-Jan-2020)
Month 0.43 (24-Jul-2019 - 23-Aug-2019) 0.38 (10-Dec-2019 - 09-Jan-2020)
Quarter 1.29 (24-Jul-2019 - 23-Oct-2019) 1.21 (13-Oct-2019 - 12-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Overnight* 5.43 0.27 -1.11 -1.47 0.36 0.35
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 4.95 5.60 4.90 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Jan-2020

*As on 31-Dec-2019

Fund Manager

— Gautam Kaul since 23-Jul-2019

Education: Mr. Kaul is a B.Com (H) and MBA (Finance).

Experience: Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..

Funds Managed:

— Rahul Dedhia since 23-Jul-2019

Education: Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA - Finance.

Experience: Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.

Funds Managed:


--

Change from previous, NAV as on 23-Feb-2020

Growth: ₹ 1,029.7493

Dividend Weekly: ₹ 1,015.8108

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Dividend Monthly: ₹ 1,007.3516

Dividend Daily: ₹ 1,008.0163


Investment Strategy

The scheme seeks to generate returns commensurate with risk of investments in overnight instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 23-Jul-2019
Return Since Launch: 2.93%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 562 Cr (As on 31-Jan-2020)
Expense: 0.15% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily21-Feb-20200.0984

 20-Feb-20200.0984
 19-Feb-20200.0961
 18-Feb-20200.0960
 17-Feb-20200.0926
 16-Feb-20200.0982
 15-Feb-20200.0982
 14-Feb-20200.0947
 13-Feb-20200.0963
 12-Feb-20200.0974
 11-Feb-20200.0974
 10-Feb-20200.0978
 09-Feb-20200.0984
 08-Feb-20200.0984
 07-Feb-20200.0984
 06-Feb-20200.0984
 05-Feb-20200.0978
 04-Feb-20200.0964
 03-Feb-20200.0966
 02-Feb-20200.0974
 01-Feb-20200.0974
 31-Jan-20200.0974
 30-Jan-20200.0975
 29-Jan-20200.0984
 28-Jan-20200.0988
Dividend Weekly17-Feb-20200.6786

 10-Feb-20200.6920
 03-Feb-20200.6865
 27-Jan-20200.6977
 20-Jan-20200.6895
 13-Jan-20200.6852
 06-Jan-20200.6157
 30-Dec-20190.6605
 23-Dec-20190.6752
 16-Dec-20190.6612
 09-Dec-20190.6729
 02-Dec-20190.6822
 25-Nov-20190.6952
 18-Nov-20190.6814
 11-Nov-20190.4990
Dividend Monthly24-Jan-20202.9244

 24-Dec-20192.8563
 24-Nov-20193.0466
 24-Oct-20192.9685
 24-Sep-20193.0955
 25-Aug-20191.0330

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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