Overview
Edelweiss Overnight Fund Direct Growth
Edelweiss Mutual Fund
The scheme seeks to generate returns commensurate with risk of investments in overnight instruments.
Investments in Edelweiss Overnight Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 1325.9611
Fund Size (AUM)
₹566.22 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 100
SIP: ₹100
Launch Date
23-Jul-2019
Expense Ratio
0.11%
Exit Load
Nil
Benchmark
CRISIL Liquid Overnight Index
Standard Deviation
0.24
History
Performance & Ratios
1-Year SIP Return
6.54%
3-Year SIP Return
6.55%
5-Year SIP Return
5.8%
Mean Return
-
Alpha
0.87
Beta
0.46
Sharpe Ratio
-0.37
Sortino Ratio
-0.35
Information Ratio
7.64
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 6.53% | 6.28% | 5.04% | 3.96% |
| Category Average | 6.48% | 6.24% | 4.97% | N/A |
| Rank Within Category | 28 | 25 | 21 | N/A |
Holdings (4)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Indian Bank | Financial | CD | 3.53% |
| Punjab National Bank | Financial | CD | 3.53% |
| National Bank For Agriculture & Rural Development | Financial | CP | 3.53% |
| Reserve Bank of India | Financial | T-Bills | 0.88% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Axis Overnight Fund Direct Growth | 6348.03 | 6.65 | 6.38 | 0.05 | N/A |
| Nippon India Overnight Fund Direct Growth | 4738.29 | 6.64 | 6.36 | 0.08 | N/A |
| Aditya Birla Sun Life Overnight Fund Direct Growth | 5253.21 | 6.61 | 6.35 | 0.08 | N/A |
| DSP Overnight Fund Direct Growth | 1366.7 | 6.6 | 6.35 | 0.08 | N/A |
| Quant Overnight Fund Direct Growth | 139.18 | 6.68 | N/A | 0.16 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 100
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 100
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 100
Min Installments: 6
AMC Details
Asset Management Company
Edelweiss Mutual Fund
Edelweiss Mutual Fund started their mutual fund on 30/04/2008 and its managing total assets of Rs. 9,570 Cr. Its ranked at 26 as per total assets at end of 30th Sep 2017. Edelweiss Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Edelweiss Mutual Fund is a fiduciary business of Edelweiss Group. The main aim of Edelweiss Mutual Fund is to provide excellent investment services to all its investors and they believe in setting high moral ethics for the business. They also want to set up a disciplined approach of investing for all its customers.
The asset management company follows a process oriented approach, which ultimately helps investors reach their financial goal. What works in the AMC's favor is their asset management team which is highly experienced and follows a research based methodology, when it comes to investing.
The fund house offers a bouquet of mutual funds ranging across various categories like equity, debt and hybrid and invests in various market capitalization. This approach caters to the needs of all its customers with different investment styles.
Launch Date
2008-04-30T00:00:00.377Z
Total AUM
₹ 144274.95 Cr
Address
Edelweiss HouseOff C.S.T. Road,Kalina Mumbai 400098
Phone
+91 22 4093 3400
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Edelweiss Overnight Fund Direct Growth
Edelweiss Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Edelweiss Overnight Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Edelweiss Overnight Fund Direct Growth?
The top stocks held by Edelweiss Overnight Fund Direct Growth include Indian Bank, Punjab National Bank, National Bank For Agriculture & Rural Development.
Which industries does Edelweiss Overnight Fund Direct Growth invest in?
Edelweiss Overnight Fund Direct Growth primarily invests in the following industries: Financial.
Who are the fund managers of Edelweiss Overnight Fund Direct Growth?
The fund managers of Edelweiss Overnight Fund Direct Growth are Pranavi Kulkarni and Hetul Raval.
How many years has the fund manager been managing Edelweiss Overnight Fund Direct Growth?
Pranavi Kulkarni:
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Hetul Raval:
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What is the minimum investment for Edelweiss Overnight Fund Direct Growth?
The minimum investment for Edelweiss Overnight Fund Direct Growth is ₹100 for lumpsum investments and ₹100 for SIPs.
What are the average 1-year returns for Edelweiss Overnight Fund Direct Growth?
Calculating...
What are the average 3-year returns for Edelweiss Overnight Fund Direct Growth?
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What is the expense ratio of Edelweiss Overnight Fund Direct Growth, and how does it compare to its category?
The expense ratio of Edelweiss Overnight Fund Direct Growth is 0.11%. The average expense ratio for similar funds in the Debt is Calculating....