1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.39 | 0.01 | 0.04 | 0.25 | 0.57 | 1.33 | 4.58 | 8.83 | 7.41 | 7.98 | 7.36 |
CCIL T Bill Liquidity Weight* | 0.32 | 0.01 | 0.03 | 0.17 | 0.45 | 1.03 | 2.75 | 3.74 | 3.94 | 4.39 | 4.68 |
Debt: Money Market* | 0.51 | 0.01 | 0.05 | 0.27 | 0.74 | 1.70 | 5.17 | 6.66 | 6.87 | 7.36 | 7.94 |
Rank within category* | 18 | 14 | 16 | 11 | 18 | -- | -- | -- | -- | -- | -- |
Number of funds in category* | 18 | 18 | 18 | 18 | 18 | 17 | 16 | 13 | 12 | 12 | 12 |
As on 05-Mar-2021
* As on 07-Mar-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Edelweiss Money Market Fund - Regular Plan | Invest Online | Jun-08 | 4.58 | 8.83 | 7.41 | 0.98 | 208 | |
HDFC Money Market Fund | Invest Online | Nov-99 | 5.94 | 7.12 | 7.02 | 0.35 | 10,530 | |
ICICI Prudential Money Market Fund | Invest Now | Mar-06 | 5.67 | 7.03 | 7.04 | 0.33 | 10,355 | |
Aditya Birla Sun Life Money Manager Fund | Invest Online | Oct-05 | 5.88 | 7.32 | 7.24 | 0.33 | 10,189 | |
Axis Money Market Fund - Regular Plan | Aug-19 | 5.63 | -- | -- | 0.31 | 1,971 |
Best Performance | Worst Performance | |||
---|---|---|---|---|
Return (%) | Period | Return (%) | Period | |
Week | 5.19 | 11-Dec-2008 - 18-Dec-2008 | -9.09 | 02-Jan-2009 - 09-Jan-2009 |
Month | 9.74 | 18-Nov-2008 - 18-Dec-2008 | -8.72 | 02-Jan-2009 - 03-Feb-2009 |
Quarter | 12.84 | 03-Oct-2008 - 02-Jan-2009 | -10.22 | 30-Dec-2008 - 31-Mar-2009 |
Year | 16.76 | 16-Jul-2018 - 16-Jul-2019 | -9.71 | 02-Jan-2009 - 04-Jan-2010 |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 8.53 | 2.90 | 1.36 | 3.90 | 4.83 | 8.33 |
CCIL T Bill Liquidity Weight | 3.68 | 0.37 | -2.46 | -5.24 | -- | -- |
Debt: Money Market | 6.63 | 1.11 | 2.57 | 4.93 | 1.44 | 3.36 |
Rank within category | 1 | 13 | 13 | 11 | 14 | 1 |
Number of funds in category | 14 | 14 | 14 | 14 | 14 | 14 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 28-Feb-2021
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 14 | 14 | 3 | 37 |
Modified Duration (yrs) | 0.54 | 0.90 | 0.11 | -- |
Average Maturity (yrs) | 0.54 | 0.91 | 0.12 | -- |
Yield to Maturity (%) | 3.77 | 5.44 | 3.27 | -- |
Avg Credit Rating | AAA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
---|---|---|---|---|---|
|
Reserve Bank of India 182-D 15/07/2021 | Treasury Bills | SOV | 0.00 - 18.89 | 18.89 |
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Reserve Bank of India 364-D 22/07/2021 | Treasury Bills | SOV | 0.00 - 22.93 | 11.80 |
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Kotak Mahindra Bank 27/01/2022 | Certificate of Deposit | A1+ | 0.00 - 9.69 | 9.69 |
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Power Finance Corp. 358-D 30/07/2021 | Commercial Paper | A1+ | 0.00 - 8.95 | 8.95 |
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Export-Import Bank 14/12/2021 | Certificate of Deposit | A1+ | 0.00 - 7.96 | 6.96 |
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LIC Housing Fin. 355-D 14/12/2021 | Commercial Paper | A1+ | 0.00 - 7.93 | 6.94 |
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Bank of Baroda 2021 | Certificate of Deposit | A1+ | 0.00 - 5.41 | 4.74 |
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ICICI Securities 241-D 25/06/2021 | Commercial Paper | A1+ | 0.00 - 6.55 | 4.72 |
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Cholamandalam Invest. & Fin. 25/06/2021 | Commercial Paper | A1+ | 0.00 - 6.55 | 4.72 |
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Reserve Bank of India 2021 | Treasury Bills | SOV | 0.00 - 22.88 | 4.71 |
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Axis Bank 22/10/2021 | Certificate of Deposit | A1+ | 0.00 - 6.48 | 4.67 |
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Kotak Mahindra Investments 326-D 15/11/2021 | Commercial Paper | A1+ | 0.00 - 5.29 | 4.63 |
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L&T Finance 13/04/2022 | Debenture | AAA | 0.00 - 1.45 | 0.35 |
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Shriram City Union Finance 2022 | Zero Coupon Bonds | AA | 0.00 - 0.22 | 0.12 |
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Others | CBLO | -- | - | 2.61 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2021
— Dhawal Dalal since 26-Nov-2016
Education: Mr. Dalal is a B.E and MBA.
Experience: Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.
Funds Managed:
— Gautam Kaul since 11-Dec-2017
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:
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The scheme seeks to generate returns commensurate with the risk of investing in money market instruments having maturity upto 1 year
Minimum Investment (₹) | 5,000 |
Minimum Addl Investment (₹) | 500 |
Minimum SIP Investment (₹) | 500 |
Minimum No of Cheques | 12 |
Minimum Withdrawal (₹) | 500 |
Minimum Balance (₹) | -- |
Lock-in Period | Not Applicable |
Exit Load | 0 |
Fund House: | Edelweiss Mutual Fund |
Launch Date: | 27-Jun-2008 |
Return Since Launch: | 6.67% |
Benchmark: | NIFTY Money Market TRI |
Riskometer: | Low to Moderate |
Type: | Open-ended |
Assets: | ₹ 208 Cr (As on 31-Jan-2021) |
Expense: | 0.98% (As on 31-Jan-2021) |
Risk Grade: | -- |
Return Grade: | -- |
Plan | Record Date | Dividend (₹ / Unit) | |||||
---|---|---|---|---|---|---|---|
Dividend | 22-Jan-2009 | 0.3723 | |||||
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Fund News - 08-Jan-2021
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