Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt

Debt
Direct
Overnight
Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt

About the Fund

Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt is a debt fund. This fund was started on 26 November, 2020. The fund is managed by Rahul Dedhia. This fund is suitable to keep your money safe.

Key Parameters

  1. Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt has ₹241 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt has given a CAGR return of 3.65% since inception. Over the last 1 year the fund has given a CAGR return of 3.23%.

Holdings

Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt has allocated its funds majorly in Cash Equivalent. Its top holdings are

Taxation

As it is a overnight mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt

The investment objective of the scheme is to seek to generate returns commensurate with risk of investments in overnight instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.11%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹241 Cr
Inception Date26 November, 2020
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
2.94%
Risk
Risk meter
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Low Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69

Rahul Dedhia
Rahul Dedhia
Fund Manager of Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt, since 24 July 2019

Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt Highlights

Risk meter
pointer

Low Risk

Investors understand that their principal will be at Low Risk
About the fund

About the fund

This fund has delivered an average annual returns of 3.65% since inception which is less than its category average return of 3.69%
AUM size ₹241 Cr

AUM size ₹241 Cr

This fund has AUM of ₹241 Cr which is less than its category average of ₹ 2658 Cr
Expense Ratio 0.11%

Expense Ratio 0.11%

This fund has an expense ratio of 0.11% which is less than its category average expense ratio of 0.13%

Frequently Asked Questions

The current NAV of Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt is ₹1065.61 as on 30-Mar-2022.
Existing (Absolute + CAGR) as on 30-Mar-2022.
Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt
Absolute Returns
CAGR Returns
1 Month Returns
0.27%
0.27%
6 Month Returns
1.64%
1.64%
1 Year Returns
3.23%
3.23%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.11% as on May 2024
₹241 Cr as on May 2024
Yield to Maturity is 6.66 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.01 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Rahul Dedhia is the fund manager of Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt
The Exit load of Edelweiss Overnight Fund Direct Weekly Reinvestment of Income Distribution cum Cptl Wdrl Opt is 0%