Edelweiss Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV as on 06-09-2024
₹ 29.43
Inception Returns
7.5%
/yr
About the Fund
Edelweiss Money Market Fund Direct Growth 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 Growth has ₹497 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.
Returns
Edelweiss Money Market Fund Direct Growth has given a CAGR return of 7.49% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.49%, 5.91% and 5.79% respectively.
Holdings
Edelweiss Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are 08.07 GJ Sdl 2025, LIC Housing Finance Ltd., National Bank For Agriculture And Rural Development, Hero Housing Finance Limited, Bank Of Baroda
Taxation
As it is a money market 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 Money Market Fund Direct Growth
The investment objective of the scheme is to generate returns commensurate with the risk of investing in money market instruments having maturity upto 1 year. 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 Money Market Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.15% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹497 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 257.51% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 485.2 Cr as of Jul'24
- AUM increased by 6.1 Cr between Jul'24 and Jun'24
Top 2 Sectors in July were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 08.07 GJ Sdl 2025 | 5.06% | 0% | |
LIC Housing Finance Ltd. | 4.88% | 0% | |
National Bank For Agriculture And Rural Development | 4.87% | 0% | |
Hero Housing Finance Limited | 4.86% | 0% | |
Bank Of Baroda | 4.85% | 0% |
Mutual Fund Insights
Edelweiss Money Market Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.15%
Frequently Asked Questions
Edelweiss Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 3.8% | 3.8% |
1 Year Returns | 7.49% | 7.49% |
3 Years Returns | 18.81% | 5.91% |
5 Years Returns | 32.53% | 5.79% |
- 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.
AAA | 100 |