Home>Mutual Funds>Edelweiss Mutual Fund>Edelweiss Money Market Fund Direct IDCW

Edelweiss Money Market Fund Direct IDCW

Debt
Money Market
Low to Moderate Risk
Payout
9.22%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 Oct 2021₹23.19
Min. SIP amount₹1,000
Rating5star
Fund size₹342.66 Cr

Returns and rankings

Category: Debt Money Market
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.7%9.2%7.0%7.9%
Category average3.7%6.3%6.5%NA
Rank with in categoryNANANANA
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Holdings (14)

NameSectorInstrumentAssets
GOI
SovereignCGL25.2%
Axis Finance Ltd.
FinancialCP7.2%
National Bank For Agriculture & Rural Development
FinancialCP7.2%
EnergyCP7.2%
FinancialCD7.2%
Small Industries Devp. Bank of India Ltd.
FinancialCP7.2%
Cholamandalam Investment & Finance Company Ltd.
FinancialCP7.1%
FinancialCD7.0%
FinancialCD6.1%
Export-Import Bank Of India
FinancialCD4.3%
See All

Pros and cons

info
Category: Debt Money Market
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Pros

Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Higher alpha: 7.93 The fund has generated returns higher than benchmark - NIFTY Money Market Index - in the last 3Y
Exit load is zero
Lower expense ratio: 0.22%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
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Cons

Lower AUM: 342Cr. Funds with lower AUM tend to have higher expense ratio

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
Check past data

Minimum investment amounts

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

Fund management

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

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Fund house contact details

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