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4 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 2.84 0.01 0.07 0.28 0.80 1.58 3.14 -- -- -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 -- -- -- --
Debt: Overnight 2.86 0.01 0.07 0.28 0.80 1.60 3.16 -- -- -- --
Rank within category 25 1 15 23 25 27 23 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 0

As on 26-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 - Direct Plan  | Invest Online
4 star
Jul-19 3.14 -- -- 0.11% 757
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.16 -- -- 0.06% 3,147
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.22 -- -- 0.11% 756
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.22 -- -- 0.12% 508
Baroda Overnight Fund - Direct Plan
4 star
Apr-19 3.17 -- -- 0.09% 490

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 3.10 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* 4.17 0.38 0.81 4.39 0.65 0.71
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 26-Nov-2021

Growth: ₹ 1,089.7179

IDCW Yearly: ₹ 1,089.9655

More

IDCW Weekly: ₹ 1,065.1685

IDCW Monthly: ₹ 1,057.5996

IDCW Fortnightly: ₹ 1,050.4468

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: 3.73%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 757 Cr (As on 31-Oct-2021)
Expense: 0.11% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily26-Nov-20210.1000

 25-Nov-20210.0865
 24-Nov-20210.0871
 23-Nov-20210.0918
 22-Nov-20210.1016
 21-Nov-20210.0981
 20-Nov-20210.0981
 19-Nov-20210.0975
 18-Nov-20210.0969
 17-Nov-20210.0850
 16-Nov-20210.0847
 15-Nov-20210.0859
 14-Nov-20210.0853
 13-Nov-20210.0853
 12-Nov-20210.0856
 11-Nov-20210.0834
 10-Nov-20210.0891
 09-Nov-20210.0875
 08-Nov-20210.0860
 07-Nov-20210.0919
 06-Nov-20210.0919
 05-Nov-20210.0920
 04-Nov-20210.0920
 03-Nov-20210.0913
 02-Nov-20210.0888
IDCW Monthly24-Nov-20212.9855

 24-Oct-20212.7387
 24-Sep-20212.7440
 24-Aug-20212.6912
 24-Jul-20212.7126
 24-Jun-20212.8089
 24-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
IDCW Weekly22-Nov-20210.7173

 15-Nov-20210.6432
 08-Nov-20210.6766
 01-Nov-20210.6548
 25-Oct-20210.6641
 18-Oct-20210.6388
 11-Oct-20210.6108
 04-Oct-20210.6403
 27-Sep-20210.6471
 20-Sep-20210.6437
 13-Sep-20210.6241
 06-Sep-20210.5962
 30-Aug-20210.6138
 23-Aug-20210.5995
 16-Aug-20210.5936
 09-Aug-20210.6023
 02-Aug-20210.6252
 26-Jul-20210.6440
 19-Jul-20210.6518
 12-Jul-20210.6215
 05-Jul-20210.6389
 28-Jun-20210.6414
 21-Jun-20210.6430
 14-Jun-20210.6394
 07-Jun-20210.6385
IDCW Fortnightly13-Nov-20211.5785

 27-Oct-20211.2893
 13-Oct-20211.4071
 27-Sep-20211.2727
 13-Sep-20211.4684
 27-Aug-20211.1930
 13-Aug-20211.4726
 27-Jul-20211.2763
 13-Jul-20211.4248
 27-Jun-20211.2664
 13-Jun-20211.5296
 27-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

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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