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Edelweiss Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (20-Dec-24)
₹30.050.02%1D
Returns (Since Inception)
7.49%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹1,186 Cr
Expense Ratio
0.15%
ISIN
INF843K01CE1
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Edelweiss Money Market Fund Direct Growth is a Money Market mutual fund schemes offered by Edelweiss Mutual Fund. This fund has been in existence for 11 years, 11 months and 21 days, having been launched on 01-Jan-13.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹30.05, Assets Under Management (AUM) of 1186.38 Crores, and an expense ratio of 0.15%.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹30.05, Assets Under Management (AUM) of 1186.38 Crores, and an expense ratio of 0.15%.
- Edelweiss Money Market Fund Direct Growth has given a CAGR return of 7.49% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 11.60% in debts, and 88.29% in cash & cash equivalents.
- You can start investing in Edelweiss Money Market Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.68%
+6.80% (Cat Avg.)
3 Years
+6.33%
+6.06% (Cat Avg.)
5 Years
+6.04%
+5.46% (Cat Avg.)
10 Years
+7.19%
+5.74% (Cat Avg.)
Since Inception
+7.49%
— (Cat Avg.)
Portfolio Summaryas of 15th December 2024
| Debt | ₹137.64 Cr | 11.60% |
| Others | ₹1,048.74 Cr | 88.40% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹73.64 Cr | 6.21% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹72.36 Cr | 6.10% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹49.12 Cr | 4.14% |
| Canara Bank | Cash - CD/Time Deposit | ₹49.09 Cr | 4.14% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹48.11 Cr | 4.06% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹48.09 Cr | 4.05% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹48.07 Cr | 4.05% |
| Canara Bank | Cash - CD/Time Deposit | ₹47.44 Cr | 4.00% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹47.27 Cr | 3.98% |
| Kotak Mahindra Bank Limited | Cash - CD/Time Deposit | ₹46.53 Cr | 3.92% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹46.38 Cr | 3.91% |
| 07.99 KA Sdl 2025 | Bond - Gov't/Treasury | ₹25.25 Cr | 2.13% |
| 5.22% Govt Stock 2025 | Bond - Gov't/Treasury | ₹24.83 Cr | 2.09% |
| Hero Housing Finance Limited | Cash - Commercial Paper | ₹24.82 Cr | 2.09% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.59 Cr | 2.07% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.59 Cr | 2.07% |
| 364 DTB | Bond - Gov't/Treasury | ₹24.56 Cr | 2.07% |
| ICICI Securities Limited | Cash - Commercial Paper | ₹24.56 Cr | 2.07% |
| Blue Star Limited | Cash - Commercial Paper | ₹24.54 Cr | 2.07% |
| 364 DTB | Bond - Gov't/Treasury | ₹24.22 Cr | 2.04% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹24.15 Cr | 2.04% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.07 Cr | 2.03% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹24.07 Cr | 2.03% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.06 Cr | 2.03% |
| National Bank For Agriculture And Rural Development | Cash - Commercial Paper | ₹24.06 Cr | 2.03% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹23.91 Cr | 2.02% |
| 364 DTB 03102025 | Bond - Gov't/Treasury | ₹23.76 Cr | 2.00% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹23.75 Cr | 2.00% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹23.71 Cr | 2.00% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹23.7 Cr | 2.00% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹23.61 Cr | 1.99% |
| Export Import Bank Of India | Cash - Commercial Paper | ₹23.37 Cr | 1.97% |
| IDFC Bank Limited | Cash - CD/Time Deposit | ₹23.34 Cr | 1.97% |
| Indusind Bank Limited | Cash - CD/Time Deposit | ₹23.33 Cr | 1.97% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹23.28 Cr | 1.96% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹16.2 Cr | 1.37% |
| 07.00 RJ Sdl 2025 | Bond - Gov't/Treasury | ₹15.03 Cr | 1.27% |
| SBI CDMDF--A2 | Mutual Fund - Open End | ₹1.25 Cr | 0.11% |
| Net Receivables/(Payables) | Cash - Collateral | ₹-0.84 Cr | 0.07% |
| Accrued Interest | Cash - Collateral | ₹0.52 Cr | 0.04% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹646.38 Cr | 54.48% |
| Cash - Commercial Paper | ₹385.24 Cr | 32.47% |
| Bond - Gov't/Treasury | ₹137.64 Cr | 11.60% |
| Cash - Repurchase Agreement | ₹16.2 Cr | 1.37% |
| Cash - Collateral | ₹-0.32 Cr | 0.11% |
| Mutual Fund - Open End | ₹1.25 Cr | 0.11% |
| Bond - Corporate Bond | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.57%
Cat. avg.
0.66%
Lower the better
Sharpe Ratio
This fund
0.11
Cat. avg.
-0.12
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.15
Higher the better
Fund Managers
PK
Pranavi Kulkarni
Since November 2021
HR
Hetul Raval
Since July 2024
Additional Scheme Detailsas of 15th December 2024
ISIN INF843K01CE1 | Expense Ratio 0.15% | Exit Load No Charges | Fund Size ₹1,186 Cr | Age 11 years 11 months | Lumpsum Minimum ₹100 | Fund Status Open Ended Investment Company | Benchmark CRISIL Money Market A-I TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹1186.38 Cr | 7.0% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹172.67 Cr | 7.4% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹172.67 Cr | 6.7% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹83.42 Cr | 7.5% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹83.42 Cr | 7.4% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹24.38 Cr | 6.5% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹24.38 Cr | 6.1% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹26862.79 Cr | 7.7% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2271.47 Cr | 7.6% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹25011.45 Cr | 7.7% |
About the AMC
Edelweiss Mutual Fund
Total AUM
₹1,62,281 Cr
Address
J.P.Morgan Tower, Mumbai, 400 098
Other Funds by Edelweiss Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Edelweiss Money Market Fund Direct Growth?
The NAV of Edelweiss Money Market Fund Direct Growth, as of 20-Dec-2024, is ₹30.05.
What are the returns of Edelweiss Money Market Fund Direct Growth?
The fund has generated 7.68% over the last 1 year and 6.33% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Edelweiss Money Market Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 11.60% in bonds, and 88.29% in cash and cash equivalents.
Who manages the Edelweiss Money Market Fund Direct Growth?
The fund managers responsible for Edelweiss Money Market Fund Direct Growth are:-
- Pranavi Kulkarni
- Hetul Raval
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.