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Unrated

Edelweiss Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 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 3.00 0.01 0.06 0.26 0.79 1.58 3.89 -- -- -- --
CCIL T Bill Liquidity Weight 2.75 0.01 0.07 0.25 0.62 1.30 3.29 -- -- -- --
Debt: Overnight 2.80 0.01 0.06 0.25 0.75 1.49 3.66 -- -- -- --
Rank within category 1 3 1 1 1 2 1 -- -- -- --
Number of funds in category 28 30 30 30 30 30 26 3 3 3 3

As on 27-Oct-2020

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
Unrated
Jul-19 3.89 -- -- 0.15 283
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.71 4.89 5.85 0.11 7,024
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.72 -- -- 0.12 5,347
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.69 -- -- 0.19 4,459
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.81 -- -- 0.17 1,797

Best & Worst Performance

Best (Period) Worst (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) 0.24 (25-Mar-2020 - 24-Apr-2020)
Quarter 1.29 (24-Jul-2019 - 23-Oct-2019) 0.76 (07-Jun-2020 - 06-Sep-2020)
Year 4.43 (24-Jul-2019 - 23-Jul-2020) 3.90 (24-Oct-2019 - 23-Oct-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight* 4.93 0.36 -0.41 -0.61 0.43 0.37
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 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.10 5.45 2.50 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Sep-2020

*As on 31-Aug-2020

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 27-Oct-2020

Growth: ₹ 1,053.0631

Dividend Weekly: ₹ 1,015.1274

More

Dividend Monthly: ₹ 1,003.5991

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: 4.17%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 283 Cr (As on 30-Sep-2020)
Expense: 0.15% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Oct-20200.0811

 26-Oct-20200.0819
 25-Oct-20200.0839
 24-Oct-20200.0839
 23-Oct-20200.0840
 22-Oct-20200.0836
 21-Oct-20200.0830
 20-Oct-20200.0836
 19-Oct-20200.0835
 18-Oct-20200.0839
 17-Oct-20200.0839
 16-Oct-20200.0839
 15-Oct-20200.0875
 14-Oct-20200.1455
 13-Oct-20200.0880
 12-Oct-20200.0868
 11-Oct-20200.0869
 10-Oct-20200.0869
 09-Oct-20200.0869
 08-Oct-20200.0899
 07-Oct-20200.0896
 06-Oct-20200.0888
 05-Oct-20200.0880
 04-Oct-20200.0893
 03-Oct-20200.0894
Dividend Monthly24-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
Dividend Weekly19-Oct-20200.6548

 12-Oct-20200.6204
 05-Oct-20200.6277
 28-Sep-20200.6250
 21-Sep-20200.6242
 14-Sep-20200.6155
 07-Sep-20200.5864
 31-Aug-20200.5892
 24-Aug-20200.5831
 17-Aug-20200.6125
 10-Aug-20200.6095
 03-Aug-20200.6117
 27-Jul-20200.5832
 20-Jul-20200.6017
 13-Jul-20200.6054
 06-Jul-20200.5989
 29-Jun-20200.5459
 22-Jun-20200.5723
 15-Jun-20200.5848
 08-Jun-20200.6130
 01-Jun-20200.5985
 25-May-20200.5762
 18-May-20200.6074
 11-May-20200.6872
 04-May-20200.7095

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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