Edelweiss Money Market Fund Direct Plan Growth Option
Debt
Direct
Money Market
NAV: ₹ 28.78 as on 16-05-2024
About the Fund
Edelweiss Money Market Fund Direct Plan Growth Option is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Dhawal Dalal. This fund is suitable to keep your money safe.
Key Parameters
- Edelweiss Money Market Fund Direct Plan Growth Option has ₹485 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Fund Performance
38 people have invested ₹ 52.4K in Edelweiss Money Market Fund Direct Plan Growth Option in the last three months
Overview
 | 0.24% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹485 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 247.6% |
Edelweiss Money Market Fund Direct Plan Growth Option Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
49.1%
Cash Equivalent
38.2%
Government
12.8%
Top Holdings of Edelweiss Money Market Fund Direct Plan Growth Option as on (30-Apr-24)
Debt Holdings18
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Export-Import Bank of India | 7.19% | 0% | |
The Federal Bank Limited | 5.04% | 100% | |
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | 5.02% | 0% | |
Small Industries Development Bank Of India | 4.89% | 0% | |
National Bank For Agriculture And Rural Development | 4.89% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 485.3 Cr as of Apr'24
- AUM increased by 84.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, this fund has outperformed all funds in its category.
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.86% return, outperforming this fund by 0.44%.
Over the last 3 months, this fund has experienced a 30.8% growth in AUM moving from 371.05 Cr to 485.28 Cr.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.1% return, outperforming this fund by 0.56% per annum.
This fund expense ratio is slightly on the lower side within the category (money market). Its expense ratio is 0.24% which is lower than the category average expense ratio of 0.33%.
Peer Analysis
Fund Manager
Dhawal Dalal
Fund Manager of Edelweiss Money Market Fund Direct Plan Growth Option, since 26 November 2016
Top funds managed
Edelweiss Money Market Fund Direct Plan Growth Option Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.49% since inception which is more than its category average return of 4.96%
AUM size ₹485 Cr
This fund has AUM of ₹485 Cr which is less than its category average of ₹ 6863 Cr
Expense Ratio 0.24%
This fund has an expense ratio of 0.24% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of Edelweiss Money Market Fund Direct Plan Growth Option is ₹28.78 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Edelweiss Money Market Fund Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 3.77% | 3.77% |
1 Year Returns | 7.42% | 7.42% |
3 Years Returns | 17.56% | 5.54% |
5 Years Returns | 38.49% | 6.73% |
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.
0.24% as on April 2024
₹485 Cr as on April 2024
Export-Import Bank of India(7.19%), The Federal Bank Limited(5.04%), Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)(5.02%), Axis Bank Limited(4.89%), Canara Bank(4.89%) as on April 2024
Corporate(49.09%), Cash Equivalent(38.16%), Government(12.76%) as on April 2024
Yield to Maturity is 7.48 as on April 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 0.6 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Dhawal Dalal is the fund manager of Edelweiss Money Market Fund Direct Plan Growth Option
The Exit load of Edelweiss Money Market Fund Direct Plan Growth Option is 0%