Edelweiss Overnight Fund Direct Growth
Debt
Direct
Overnight
NAV as on 29-12-2024
₹ 1300.41
Inception Returns
5%
/yr
About Edelweiss Overnight Fund Direct Growth
Edelweiss Overnight Fund Direct Growth is a debt fund. This fund was started on 24 July, 2019. The fund is managed by . This fund is suitable to keep your money safe.
Key Parameters
- Edelweiss Overnight Fund Direct Growth has ₹540 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Edelweiss Overnight Fund Direct Growth has given a CAGR return of 4.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.65%, 5.97% and 4.93% respectively.
Holdings
Edelweiss Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 364 DTB 26122024
Taxation
As it is a overnight 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 Overnight Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Overnight Fund Direct Growth has no lock in period.
Historical NAV & Returns
Edelweiss Overnight Fund Direct Growth Overview
| Expense ratio | 0.11% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹540 Cr |
| Inception Date | 24 July, 2019 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 3.8% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (29-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 538.6 Cr as of Nov'24
- AUM increased by 9.4 Cr between Nov'24 and Oct'24
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 364 DTB 26122024 | 0.92% | 0% |
Mutual Fund Insights
Edelweiss Overnight Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹540 Cr
Expense Ratio 0.11%
Frequently Asked Questions for Edelweiss Overnight Fund Direct Growth
Edelweiss Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.23% | 3.23% |
1 Year Returns | 6.65% | 6.65% |
3 Years Returns | 19% | 5.97% |
5 Years Returns | 27.2% | 4.93% |
- 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 |