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5 star

Edelweiss Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 0.87 0.01 0.06 0.26 0.74 1.50 3.11 -- -- -- --
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 -- -- -- --
Debt: Overnight 0.86 0.01 0.06 0.26 0.74 1.46 2.97 -- -- -- --
Rank within category 8 15 16 23 10 2 2 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 3 3 3 3

As on 16-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.11 -- -- 0.15 405
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.04 -- -- 0.10 5,448
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 2.98 -- -- 0.19 4,567
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.01 4.66 5.56 0.12 3,737
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.04 -- -- 0.19 1,160

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.10 28-Jul-2019 - 04-Aug-2019 0.03 25-Mar-2020 - 01-Apr-2020
Month 0.43 24-Jul-2019 - 23-Aug-2019 0.23 07-Nov-2020 - 07-Dec-2020
Quarter 1.29 24-Jul-2019 - 23-Oct-2019 0.74 15-Oct-2020 - 14-Jan-2021
Year 4.43 24-Jul-2019 - 23-Jul-2020 3.10 25-Mar-2020 - 25-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.60 0.37 -2.39 -5.59 -- --
Debt: Overnight* 4.53 0.39 0.10 0.35 0.60 0.58
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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.01 0.01 0.00 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) -- 3.85 2.94 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Others CBLO -- - 99.37

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Mar-2021

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:


0.01%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 1,067.8487

IDCW Weekly: ₹ 1,015.4055

More

IDCW Monthly: ₹ 1,005.2307

IDCW Daily: ₹ 1,008.1128


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 23-Jul-2019
Return Since Launch: 3.86%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 405 Cr (As on 31-Mar-2021)
Expense: 0.15% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Apr-20210.0840

 15-Apr-20210.0839
 14-Apr-20210.0831
 13-Apr-20210.0832
 12-Apr-20210.0831
 11-Apr-20210.0777
 10-Apr-20210.0778
 09-Apr-20210.0777
 08-Apr-20210.0326
 07-Apr-20210.0803
 06-Apr-20210.0782
 05-Apr-20210.0839
 04-Apr-20210.0882
 03-Apr-20210.0883
 02-Apr-20210.0883
 01-Apr-20210.0881
 31-Mar-20210.0885
 30-Mar-20210.0866
 29-Mar-20210.0857
 28-Mar-20210.0856
 27-Mar-20210.0857
 26-Mar-20210.0855
 25-Mar-20210.0855
 24-Mar-20210.0857
 23-Mar-20210.0855
IDCW Weekly12-Apr-20210.5178

 05-Apr-20210.6157
 29-Mar-20210.6043
 22-Mar-20210.6105
 15-Mar-20210.6030
 08-Mar-20210.5936
 01-Mar-20210.5871
 22-Feb-20210.4923
 15-Feb-20210.5788
 08-Feb-20210.5988
 01-Feb-20210.5952
 25-Jan-20210.5975
 18-Jan-20210.5802
 11-Jan-20210.5860
 04-Jan-20210.5336
 28-Dec-20200.5871
 21-Dec-20200.6012
 14-Dec-20200.5819
 07-Dec-20200.5600
 30-Nov-20200.5473
 23-Nov-20200.5250
 16-Nov-20200.5353
 09-Nov-20200.5745
 02-Nov-20200.5895
 26-Oct-20200.5874
IDCW Monthly24-Mar-20212.3781

 24-Feb-20212.4924
 24-Jan-20212.5774
 24-Dec-20202.4877
 24-Nov-20202.4403
 24-Oct-20202.6526
 24-Sep-20202.6513
 24-Aug-20202.6428
 24-Jul-20202.5086
 24-Jun-20202.5703
 24-May-20202.7246
 24-Apr-20202.5114
 24-Mar-20202.7354
 24-Feb-20203.0178
 24-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: http://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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