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4 star

Edelweiss Overnight Fund - Regular Plan download report


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
Edelweiss Overnight Fund Reg-G 1.30 0.01 0.07 0.31 0.83 1.67 3.25 -- -- -- --
CCIL T Bill Liquidity Weight 0.59 0.04 0.04 -0.01 0.29 0.85 1.92 -- -- -- --
Debt: Overnight 1.32 0.01 0.07 0.31 0.84 1.69 3.27 -- -- -- --
Rank within category 25 21 23 27 27 26 21 -- -- -- --
Number of funds in category 29 30 30 30 30 29 29 16 3 3 3

As on 20-May-2022

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
4 star
Jul-19 3.25 -- -- 0.16% 537
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.32 3.70 -- 0.12% 9,563
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.30 3.68 4.52 0.12% 7,166
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
5 star
Oct-19 3.32 -- -- 0.21% 511
Baroda BNP Paribas Overnight Fund - Regular Plan
4 star
Apr-19 3.29 3.70 -- 0.14% 410

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
Edelweiss Overnight Fund Reg-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.86 0.36 -1.85 -5.13 -- --
Debt: Overnight* 3.61 0.28 0.29 1.39 0.49 0.41
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-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 2
Modified Duration (yrs) 0.01 0.01 0.00 0.01
Average Maturity (yrs) 0.01 0.01 0.00 0.01
Yield to Maturity (%) 3.93 3.93 3.10 3.94
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 -- - 98.54

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 30-Apr-2022

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 20-May-2022

Growth: ₹ 1,105.6730

IDCW Yearly: ₹ 1,105.6719

More

IDCW Weekly: ₹ 1,016.0999

IDCW Monthly: ₹ 1,006.0194

IDCW Fortnightly: ₹ 1,095.6296

IDCW Daily: ₹ 1,008.1128


Investment Strategy

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

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. 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: 3.62%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 537 Cr (As on 30-Apr-2022)
Expense: 0.16% (As on 30-Apr-2022)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily20-May-20220.1099

 19-May-20220.1063
 18-May-20220.1063
 17-May-20220.1052
 16-May-20220.1094
 15-May-20220.1043
 14-May-20220.1043
 13-May-20220.1040
 12-May-20220.1058
 11-May-20220.1054
 10-May-20220.1057
 09-May-20220.1057
 08-May-20220.1061
 07-May-20220.1061
 06-May-20220.1057
 05-May-20220.1054
 04-May-20220.0975
 03-May-20220.0977
 02-May-20220.0972
 01-May-20220.1027
 30-Apr-20220.1027
 29-Apr-20220.1022
 28-Apr-20220.1000
 27-Apr-20220.0986
 26-Apr-20220.0985
IDCW Weekly16-May-20220.7519

 09-May-20220.7430
 02-May-20220.7125
 25-Apr-20220.6922
 18-Apr-20220.6776
 11-Apr-20220.6579
 04-Apr-20220.6403
 28-Mar-20220.6208
 21-Mar-20220.6467
 14-Mar-20220.6196
 07-Mar-20220.6223
 21-Feb-20220.6180
 14-Feb-20220.6178
 07-Feb-20220.6191
 31-Jan-20220.6568
 24-Jan-20220.7754
 17-Jan-20220.6339
 10-Jan-20220.6153
 03-Jan-20220.6150
 27-Dec-20210.6375
 20-Dec-20210.6544
 13-Dec-20210.6103
 06-Dec-20210.6189
 29-Nov-20210.6539
 22-Nov-20210.6719
IDCW Fortnightly13-May-20221.8476

 27-Apr-20221.5346
 13-Apr-20221.7464
 27-Mar-20221.3492
 13-Mar-20221.3252
 27-Feb-20221.3084
 13-Feb-20221.0420
IDCW Monthly24-Apr-20222.8557

 24-Mar-20222.4492
 24-Feb-20222.7243
 24-Jan-20222.8702
 24-Dec-20212.6790
 24-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

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: Edelweiss House Off C.S.T. Road, Kalina Mumbai - 400098

Phone: +91 22 4093 3400

Fax: +91 22-40979878

Website: http://www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies 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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