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Unrated

Edelweiss Money Market Fund - Regular Plan download report


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

"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

  • 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 Money Market Reg-G 0.69 -0.02 0.00 -0.15 0.35 1.05 2.50 5.96 6.03 6.44 7.05
CCIL T Bill Liquidity Weight* 0.55 0.03 0.00 -0.04 0.32 0.83 1.91 2.81 3.35 3.75 4.29
Debt: Money Market* 1.02 -0.01 0.01 0.01 0.61 1.47 3.20 5.11 5.86 6.41 7.21
Rank within category* 18 20 17 18 18 18 18 -- -- -- --
Number of funds in category* 20 20 20 20 20 20 18 14 12 12 12

As on 13-May-2022

* As on 16-May-2022

Peer Comparison

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
Unrated
Jun-08 2.50 5.96 6.03 0.99% 315
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 3.55 5.52 6.34 0.33% 16,159
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 3.52 5.50 6.18 0.41% 14,052
Nippon India Money Market Fund  | Invest Online
4 star
Jun-05 3.66 5.35 6.22 0.28% 11,265
UTI Money Market Fund - Regular Plan  | Invest Online
4 star
Jul-09 3.61 5.30 6.18 0.28% 10,561

Best & Worst Performance

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

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Edelweiss Money Market Reg-G 6.06 2.19 1.16 6.60 4.09 5.28
CCIL T Bill Liquidity Weight 2.86 0.36 -1.85 -5.13 -- --
Debt: Money Market 5.22 0.84 2.19 7.49 1.56 2.74
Rank within category 1 15 14 11 15 1
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Apr-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 20 12 48
Modified Duration (yrs) 0.55 0.55 0.20 0.38
Average Maturity (yrs) 0.55 0.55 0.20 0.39
Yield to Maturity (%) 4.61 4.61 3.54 4.48
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 364-D 30/03/2023 Treasury Bills SOV 0.00 - 15.23 15.23
equal Cholamandalam Investment & Finance Company 321-D 16/06/2022 Commercial Paper A1+ 0.00 - 7.94 7.90
equal HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 7.89 7.84
equal LIC Housing Fin. 364-D 12/08/2022 Commercial Paper A1+ 0.00 - 7.89 7.84
equal Canara Bank 22/08/2022 Certificate of Deposit A1+ 0.00 - 7.88 7.84
new Reserve Bank of India 182-D 01/09/2022 Treasury Bills SOV 0.00 - 7.83 7.83
new SBI Cards & Payments Services 159-D 28/09/2022 Commercial Paper A1+ 0.00 - 7.79 7.79
equal National Bank Agr. Rur. Devp 16/02/2023 Certificate of Deposit A1+ 0.00 - 7.70 7.64
equal Kotak Mahindra Bank 17/02/2023 Certificate of Deposit A1+ 0.00 - 7.70 7.64
new Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 7.61 7.61
new SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 7.60 7.60
new Reserve Bank of India 182-D 08/09/2022 Treasury Bills SOV 0.00 - 6.26 6.26
equal Others CBLO -- - 0.17

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

— 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:

— 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:


-0.02%

Change from previous, NAV as on 13-May-2022

Growth: ₹ 23.4282

IDCW Yearly: ₹ 23.2329

IDCW: ₹ 22.0371


Investment Strategy

The scheme seeks to generate returns commensurate with the risk of investing in money market instruments having maturity upto 1 year

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 27-Jun-2008
Return Since Launch: 6.32%
Benchmark: NIFTY Money Market Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 315 Cr (As on 30-Apr-2022)
Expense: 0.99% (As on 30-Apr-2022)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-Jan-20090.3723

 07-Oct-20080.1752

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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