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Unrated

Edelweiss Money Market Fund - Regular Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.29 0.01 0.03 0.21 0.81 1.39 2.89 8.74 7.00 7.34 7.31
CCIL T Bill Liquidity Weight 0.86 0.00 0.02 0.17 0.49 0.95 2.11 3.55 3.78 4.23 4.61
Debt: Money Market 1.57 0.01 0.04 0.26 0.94 1.69 3.78 6.33 6.58 7.12 7.79
Rank within category 15 12 16 17 15 15 -- -- -- -- --
Number of funds in category 18 18 18 18 18 18 17 13 12 12 12

As on 18-Jun-2021

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 2.89 8.74 7.00 0.97 310
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 4.20 6.85 6.78 0.35 15,383
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 4.13 6.69 6.78 0.33 14,104
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 4.35 6.97 6.98 0.30 14,089
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 4.39 4.21 5.29 0.43 3,722

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
Fund 8.41 2.75 1.49 4.87 4.29 7.42
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Money Market 6.41 1.11 2.58 5.41 1.42 3.21
Rank within category 1 13 12 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 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 20 20 8 42
Modified Duration (yrs) 0.40 0.63 0.29 0.39
Average Maturity (yrs) 0.40 0.66 0.30 0.40
Yield to Maturity (%) 3.68 4.55 3.27 3.71
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 91-D 26/08/2021 Treasury Bills SOV 0.00 - 16.02 16.02
new 8.79% GOI 2021 Central Government Loan SOV 0.00 - 8.25 8.25
equal National Bank Agr. Rur. Devp 1790-D 31/08/2021 Commercial Paper A1+ 0.00 - 9.56 8.00
equal SBI Cards & Payments Services 2021 Commercial Paper A1+ 0.00 - 9.49 7.96
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 9.33 7.83
new IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 7.83 7.83
equal Kotak Mahindra Bank 27/01/2022 Certificate of Deposit A1+ 0.00 - 9.69 6.61
equal Power Finance Corporation 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 8.95 6.10
equal Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 5.74 4.81
equal LIC Housing Fin. 355-D 14/12/2021 Commercial Paper A1+ 0.00 - 7.93 4.75
equal Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 0.00 - 7.96 4.75
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 5.41 3.23
equal ICICI Securities 241-D 25/06/2021 Commercial Paper A1+ 0.00 - 6.55 3.22
equal Cholamandalam Investment & Finance Company 25/06/2021 Commercial Paper A1+ 0.00 - 6.55 3.22
equal Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 6.48 3.18
equal Kotak Mahindra Investments 326-D 15/11/2021 Commercial Paper A1+ 0.00 - 5.29 3.17
new 8.28% Oriental Nagpur Betul Highway 30/03/2022 Debenture AAA 0.00 - 0.49 0.49
new Reliance Retail Ltd. 20/12/2021 Zero Coupon Bonds AAA 0.00 - 0.08 0.08
new 7.64% Food Corporation of India 2029 Debenture AAA 0.00 - 0.03 0.03
down L&T Finance 13/04/2022 Debenture AAA 0.01 - 1.45 0.01
equal Others CBLO -- - 0.57

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 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:


0.01%

Change from previous, NAV as on 18-Jun-2021

Growth: ₹ 22.9140

IDCW Yearly: ₹ 22.7226

IDCW: ₹ 21.5528


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

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

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 27-Jun-2008
Return Since Launch: 6.59%
Benchmark: NIFTY Money Market TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 310 Cr (As on 31-May-2021)
Expense: 0.97% (As on 31-May-2021)
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: 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

Last Session

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM

Registration Over