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Edelweiss Overnight Fund (Dividend Payout - Annually)

Debt

Overnight

₹ 1052.29

NAV (OCT 18)

Scripbox Opinion

Neutral

Click here for top ranked funds in overnight mutual funds.

However, Scripbox does not recommend investing in overnight mutual funds.

Overnight Funds invest in securities with a maturity of 1 day. These investments have very low interest rate risk; however this also reduces return. The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account. Since most of the underlying holdings are Reverse Repos, funds in this category also score well on credit quality.

We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.

Our analysis of this fund Learn how we rate funds ->
Our analysis of this fund Learn how we rate funds ->

Track Record

1 Years

The fund has insufficient history for analysis. We recommend funds with longer history.

Relative Size

480 Cr

Medium within the category

Impact of Interest Rate Changes

Lowest Interest Rate Risk

The impact on fund value is very low when interest rates change

Credit Quality Of Fund's Portfolio

Lowest Credit Risk

The fund has a very high credit quality compared to other debt funds

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

Learn why choose a plan over a fund ->
  • Historical growth rate of 6.50% per annum
  • Recommended Duration 1-5 years
  • No Lock-in
  • Expert investing only
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Historical NAV

1052.29

NAV (OCT 18)

SIP Calculator

Investing Duration 5 years

Total Investment

Wealth Gained

Total Corpus Created

With assumed returns of 6.25%
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Scheme Information

Investment Objective

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.

Low

Moderately Low

Moderate

Moderately High

High

Low Risk

0.15%

Expense Ratio

24th Jul, 2019

Launched (1y ago)

₹ 480

AUM in Crores

INF754K01KM6

No Lock-in

CRISIL Overnight Index TR INR

Benchmark

₹ 1000

SIP Minimum

₹ 5000

Lumpsum Min.

Fund Managers

Gautam Kaul

Fund Manager

Rahul Dedhia

Fund Manager

Returns Calculator Comparison

of

for

Instrument Returns Total Corpus Gains Annualised %
Mutual Fund 70% 11.25%
EPF 70%
Property 70%
PPF 70%
Bank FD 70%
Gold 70%
Savings Bank 70%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 26th October 2020

Top Stock Holdings

Reverse Repo

101%

Net Receivables/(Payables)

1%

Clearing Corporation Of India Ltd.

0%
See all holdings
allocation by market cap

Comparison with Debt Funds

Short Term Money

Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

  • Indicative returns of 6.50% annually
  • Recommended Duration 1-5 years
  • No Lock-in
  • Expert investing only
  • One-click investing and tracking
  • Zero fees for all your investments

SIP Calculator

Investment Duration 5 years

₹12,37,295

Total Investment

₹12,37,295

Wealth Gained

₹12,37,295

Total Corpus Created

With assumed returns of 6.25%
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How does Scripbox rate funds?

Proprietary system to rate mutual funds

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

What Scripbox recommendations mean?

Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.

Top Ranked

These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended.

Scripbox algorithm classifies funds as "not recommended" when they perform poorly on a combination of criteria. These funds are usually the poorest performers within a category.

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Track Record

We look at consistent and long historical performance for our analysis

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Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

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Category View

We check if the sub-category of the fund is recommended by us

calender

Consistency Of Performance

Consistency of performance over various tenures is analysed for a relative performance stack

calender

Track Record

We look at consistent and long historical performance for our analysis

calender

Relative Size

We look at the size of the fund with respect to other funds in the category. Larger funds are preferred

calender

Impact of Interest Rates

We check the relative interest rate risk of the sub-category of the fund. Lower the better

calender

Credit Quality Of Fund’s Portfolio

We check the relative interest rate risk of the sub-category of the fund. Lower the better

Equity Funds

Debt Funds

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About Edelweiss Overnight Fund (Dividend Payout - Annually)

About Edelweiss Overnight Fund (Dividend Payout - Annually)

Edelweiss Overnight Fund (Dividend Payout - Annually) is a Overnight Debt fund and has delivered an annualised return of 0.0% over a period of 1 years. The fund is managed by Edelweiss Asset Management Limited. The fund managers are Gautam Kaul, Rahul Dedhia.

Edelweiss Overnight Fund (Dividend Payout - Annually) Investment Objective

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. However, there is no assurance that the objective of the scheme will be realized.

Edelweiss Overnight Fund (Dividend Payout - Annually) NAV, AUM and Risk

The fund was launched on 2019-07-24. The NAV of the fund as of 2020-10-18 is ₹ 1052.29. The total AUM of the fund as of 2020-10-18 is ₹ 480 Cr. The category risk of the fund is Low Risk

The fund charges 0.15 % as expense ratio.

Edelweiss Overnight Fund (Dividend Payout - Annually) Holdings

The fund’s highest allocation is towards others and has invested 100.0% in this asset class. The top three holdings of the fund are reverse repo, net receivables/(payables) and clearing corporation of india ltd..

Edelweiss Overnight Fund (Dividend Payout - Annually) SIP

The minimum SIP(Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.

Edelweiss Overnight Fund (Dividend Payout - Annually) Investment volatility and Horizon

This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Overnight Index TR INR.