Fund Overview
Fund Size
₹531 Cr
Expense Ratio
0.11%
ISIN
INF754K01JV9
Minimum SIP
₹100
Exit Load
No Charges
Inception Date
24 Jul 2019
About this fund
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹1274.85, Assets Under Management (AUM) of 530.92 Crores, and an expense ratio of 0.11%.
- Edelweiss Overnight Fund Direct Growth has given a CAGR return of 4.85% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 100.00% in cash & cash equivalents.
- You can start investing in Edelweiss Overnight 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
+6.76%
— (Cat Avg.)
3 Years
+5.62%
— (Cat Avg.)
5 Years
+4.84%
— (Cat Avg.)
Since Inception
+4.85%
— (Cat Avg.)
Portfolio Summaryas of 15th August 2024
| Others | ₹530.92 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Reverse Repo | Cash - Repurchase Agreement | ₹299.99 Cr | 56.50% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹190.43 Cr | 35.87% |
| Aditya Birla Housing Finance Limited | Cash - Commercial Paper | ₹25 Cr | 4.71% |
| 182 DTB 22082024 | Bond - Gov't/Treasury | ₹9.99 Cr | 1.88% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.98 Cr | 0.94% |
| Net Receivables/(Payables) | Cash - Collateral | ₹0.35 Cr | 0.07% |
| Accrued Interest | Cash - Collateral | ₹0.17 Cr | 0.03% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Repurchase Agreement | ₹490.42 Cr | 92.37% |
| Cash - Commercial Paper | ₹25 Cr | 4.71% |
| Bond - Gov't/Treasury | ₹9.99 Cr | 1.88% |
| Bond - Short-term Government Bills | ₹4.98 Cr | 0.94% |
| Cash - Collateral | ₹0.52 Cr | 0.10% |
Risk & Performance Ratios
Standard Deviation
This fund
0.40%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
-16.83
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Pranavi Kulkarni
Since November 2021
Hetul Raval
Since July 2024
Additional Scheme Detailsas of 15th August 2024
ISIN | INF754K01JV9 | Expense Ratio | 0.11% | Exit Load | No Charges | Fund Size | ₹531 Cr | Age | 24 Jul 2019 | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Liquid Overnight 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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 Overnight Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Axis Overnight Fund Regular Growth Low Risk | 0.1% | 0.0% | ₹7913.54 Cr | 6.8% |
| Axis Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹7913.54 Cr | 6.8% |
| Groww Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹31.86 Cr | 6.8% |
| Groww Overnight Fund Regular Growth Low Risk | 0.2% | 0.0% | ₹31.86 Cr | 6.7% |
| Tata Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹4821.28 Cr | 6.8% |
| Tata Overnight Fund Regular Growth Low Risk | 0.2% | 0.0% | ₹4821.28 Cr | 6.7% |
| Nippon India Overnight Fund Regular Growth Low Risk | 0.2% | 0.0% | ₹8498.93 Cr | 6.7% |
| Nippon India Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹8498.93 Cr | 6.8% |
| Sundaram Overnight Fund Regular Growth Low Risk | 0.2% | 0.0% | ₹781.12 Cr | 6.7% |
| Sundaram Overnight Fund Direct Growth Low Risk | 0.1% | 0.0% | ₹781.12 Cr | 6.8% |
About the AMC
Total AUM
₹1,62,381 Cr
Address
J.P.Morgan Tower, Mumbai, 400 098
Other Funds by Edelweiss Mutual Fund
Risk Level
Your principal amount will be at Low Risk
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Who manages the Edelweiss Overnight Fund Direct Growth?
- Pranavi Kulkarni
- Hetul Raval
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
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