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5 star

Edelweiss Overnight Fund - Direct 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 1.37 0.01 0.06 0.27 0.79 1.55 3.13 -- -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 -- -- -- --
Debt: Overnight 1.38 0.01 0.06 0.27 0.80 1.55 3.08 -- -- -- --
Rank within category 18 23 25 27 27 16 5 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 0

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Edelweiss Overnight Fund - Direct Plan  | Invest Online
5 star
Jul-19 3.13 -- -- 0.11 409
Nippon India Overnight Fund - Direct Plan  | Invest Online
4 star
Dec-18 3.08 -- -- 0.10 5,552
DSP Overnight Fund - Direct Plan  | Invest Online
5 star
Jan-19 3.10 -- -- 0.10 920
Sundaram Overnight Fund - Direct Plan
4 star
Mar-19 3.04 -- -- 0.10 539
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.14 -- -- 0.11 455

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.11 28-Jul-2019 - 04-Aug-2019 0.04 25-Mar-2020 - 01-Apr-2020
Month 0.44 24-Jul-2019 - 23-Aug-2019 0.24 07-Nov-2020 - 07-Dec-2020
Quarter 1.31 24-Jul-2019 - 23-Oct-2019 0.75 15-Oct-2020 - 14-Jan-2021
Year 4.51 24-Jul-2019 - 23-Jul-2020 3.13 20-May-2020 - 20-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.52 0.39 -2.00 -4.76 -- --
Debt: Overnight* 4.59 0.41 0.73 3.42 0.68 0.82
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.23 3.35 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 -- - 99.56

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-May-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:


--

Change from previous, NAV as on 13-Jun-2021

Growth: ₹ 1,074.4150

IDCW Yearly: ₹ 1,074.6265

More

IDCW Weekly: ₹ 1,065.3266

IDCW Monthly: ₹ 1,059.2060

IDCW Fortnightly: ₹ 1,050.7155

IDCW Daily: ₹ 1,000.0000


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: 3.87%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 409 Cr (As on 31-May-2021)
Expense: 0.11% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-Jun-20210.0859

 10-Jun-20210.0854
 09-Jun-20210.0853
 08-Jun-20210.0835
 07-Jun-20210.0856
 06-Jun-20210.0854
 05-Jun-20210.0854
 04-Jun-20210.0853
 03-Jun-20210.0853
 02-Jun-20210.0848
 01-Jun-20210.0851
 31-May-20210.0851
 30-May-20210.0857
 29-May-20210.0857
 28-May-20210.0856
 27-May-20210.0851
 26-May-20210.0854
 25-May-20210.0853
 24-May-20210.0877
 23-May-20210.0877
 22-May-20210.0877
 21-May-20210.0876
 20-May-20210.0869
 19-May-20210.0868
 18-May-20210.0865
IDCW Weekly07-Jun-20210.6385

 31-May-20210.6418
 24-May-20210.6606
 17-May-20210.6530
 10-May-20210.6480
 03-May-20210.6420
 26-Apr-20210.6453
 19-Apr-20210.6377
 12-Apr-20210.5609
 05-Apr-20210.6543
 29-Mar-20210.6630
 22-Mar-20210.6676
 15-Mar-20210.6639
 08-Mar-20210.6308
 01-Feb-20210.6440
 25-Jan-20210.6410
 18-Jan-20210.6231
 11-Jan-20210.6370
 04-Jan-20210.5730
 28-Dec-20200.6290
 21-Dec-20200.6500
 14-Dec-20200.6268
 30-Nov-20200.4110
IDCW Fortnightly27-May-20211.2727

 13-May-20211.4312
 27-Apr-20211.2641
 13-Apr-20211.4614
 27-Mar-20211.2718
 13-Mar-20211.2543
 27-Feb-20211.1085
 13-Feb-20211.5362
 27-Jan-20211.2789
 13-Jan-20211.4572
 27-Dec-20201.2646
 13-Dec-20201.3811
 27-Nov-20201.1056
 13-Nov-20201.4606
 27-Oct-20201.2354
 13-Oct-20201.5575
 27-Sep-20201.3008
 13-Sep-20200.6408
IDCW Monthly24-May-20212.7310

 24-Apr-20212.7469
 24-Mar-20212.5586
 24-Feb-20212.6917
 24-Jan-20212.7573
 24-Dec-20201.6466
 24-Oct-20202.8206
 24-Sep-20201.0291
 24-Aug-20201.3670
 24-Jun-20202.7331
 24-Nov-20191.2946

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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