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Edelweiss Money Market Fund Direct IDCW

Debt
Money Market
Low to Moderate Risk
3.79%
1Y return
+0.03% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 26 Jul 2021₹22.99
Min. SIP Amount₹1,000
Rating5star
Fund Size₹315.57 Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become 0 (0.00%)

Returns and rankings

Category: Debt Money Market
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.8%9.2%7.5%8.0%
Category average3.7%6.3%6.5%NA
Rank with in categoryNANANANA
Understand termsinfo

Holdings (15)

NameSectorInstrumentAssets
GOI
SovereignCGL16.3%
GOI
SovereignCGL8.1%
National Bank For Agriculture & Rural Development
FinancialCP7.9%
SBI Cards & Payments Services Ltd.
FinancialCP7.8%
Reserve Bank of India
FinancialT-Bills7.8%
IDFC First Bank Ltd.FinancialCD7.7%
Small Industries Devp. Bank of India Ltd.
FinancialCP7.7%
Kotak Mahindra Bank Ltd.FinancialCD6.5%
Power Finance Corporation Ltd.
FinancialCP6.0%
Axis Bank Ltd.FinancialCD4.7%
See All

Pros and cons

Category: Debt Money Market

Pros

  • Lower expense ratio - 0.22%
  • 3Y Returns are higher than the category average returns
  • 5Y Returns are higher than the category average returns
  • Exit load is zero

Cons

  • Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
  • 1Y Returns are lower than the category average returns

Expense ratio, exit load and tax

Expense ratio: 0.22%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand termsinfo

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹5,000
Min. for SIP₹1,000

Fund management

Dhawal Dalal
Nov 2016 - Present
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Gautam Kaul
Dec 2017 - Present
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Fund house & investment objective

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Fund house contact details

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