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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 2.83 0.01 0.06 0.27 0.78 1.55 3.09 -- -- -- --
CCIL T Bill Liquidity Weight 1.85 0.02 0.06 0.18 0.45 1.07 1.97 -- -- -- --
Debt: Overnight 2.82 0.01 0.06 0.26 0.78 1.55 3.07 -- -- -- --
Rank within category 10 7 1 6 11 12 10 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 3

As on 30-Nov-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 3.09 -- -- 0.16% 757
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.12 -- -- 0.12% 12,897
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.10 4.12 4.51 0.12% 10,537
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.08 -- -- 0.14% 3,147
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
4 star
Oct-19 3.13 -- -- 0.21% 508

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 3.05 15-Oct-2020 - 15-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.25 0.40 -1.53 -4.22 -- --
Debt: Overnight* 4.01 0.36 0.38 2.00 0.61 0.52
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.30 3.33 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 -- - 99.83

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-Oct-2021

Fund Manager

— Pranavi Kulkarni since 23-Nov-2021

Education: Ms. Kulkarni is a BE Computer Science, MBA Finance

Experience: Prior to joining Edelweiss Mutual Fund, she has worked with CRISIL Ltd. and Yes Bank.

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 30-Nov-2021

Growth: ₹ 1,088.5296

IDCW Yearly: ₹ 1,088.5297

More

IDCW Weekly: ₹ 1,015.1597

IDCW Monthly: ₹ 1,003.9088

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: 3.66%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 757 Cr (As on 31-Oct-2021)
Expense: 0.16% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily30-Nov-20210.0883

 29-Nov-20210.0868
 28-Nov-20210.0997
 27-Nov-20210.0997
 26-Nov-20210.0992
 25-Nov-20210.0854
 24-Nov-20210.0863
 23-Nov-20210.0908
 22-Nov-20210.1009
 21-Nov-20210.0974
 20-Nov-20210.0974
 19-Nov-20210.0966
 18-Nov-20210.0962
 17-Nov-20210.0840
 16-Nov-20210.0837
 15-Nov-20210.0848
 14-Nov-20210.0845
 13-Nov-20210.0845
 12-Nov-20210.0848
 11-Nov-20210.0826
 10-Nov-20210.0883
 09-Nov-20210.0868
 08-Nov-20210.0851
 07-Nov-20210.0911
 06-Nov-20210.0911
IDCW Weekly29-Nov-20210.6539

 22-Nov-20210.6719
 15-Nov-20210.6015
 08-Nov-20210.6356
 01-Nov-20210.6144
 25-Oct-20210.6224
 18-Oct-20210.5997
 11-Oct-20210.5726
 04-Oct-20210.6024
 27-Sep-20210.6098
 20-Sep-20210.6059
 13-Sep-20210.5895
 06-Sep-20210.5614
 30-Aug-20210.5804
 23-Aug-20210.5672
 16-Aug-20210.5612
 09-Aug-20210.5670
 02-Aug-20210.5922
 26-Jul-20210.6044
 19-Jul-20210.6118
 12-Jul-20210.5861
 05-Jul-20210.5990
 28-Jun-20210.6029
 21-Jun-20210.6041
 14-Jun-20210.6038
IDCW Monthly24-Nov-20212.7374

 24-Oct-20212.5233
 24-Sep-20212.5508
 24-Aug-20212.5003
 24-Jul-20212.5307
 24-Jun-20212.6161
 24-May-20212.5413
 24-Apr-20212.5603
 24-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

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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