March 6, 2024
mayank
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.8333
NAV IDCW: Rs 10.8334
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to replicate CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index by investing in a diversified portfolio of Indian Government Bonds and SDLs, subject to tracking errors.
Fund Manager:
1) Dhawal Dalal
Education: Mr. Dalal is a B.E and MBA.
Experience: Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.
2) Rahul Dedhia
Education: Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA – Finance.
Experience: Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 15-Feb-23 |
| Return Since Launch | 7.90% |
| Benchmark | CRISIL IBX 50:50 Gilt Plus SDL Short Duration |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 159 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.19% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss CRISIL IBX 50:50 Gilt Plus SDL SD Index Dir | 1.42 | 0.03 | 0.53 | 2.28 | 3.82 | 8.07 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 0.82 | 0.01 | 0.36 | 1.21 | 2.30 | 4.71 | — | — | — | — |
| Debt: Short Duration | 1.45 | 0.02 | 0.57 | 2.19 | 3.71 | 7.88 | — | — | — | — |
| Rank within category | 15 | 3 | 19 | 4 | 7 | 10 | — | — | — | — |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 22 | 21 | 18 | 18 |
Peer Comparison of Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Edelweiss CRISIL IBX 50:50 Gilt Plus SDL SD Index Dir | Unrated | 8.07 | — | — | 0.19 | 159 | 7.90 | — | 1Y |
| ICICI Pru Short Term Dir | 4 star | 8.42 | 6.58 | 8.00 | 0.45 | 18,987 | 8.53 | — | 11Y 2M |
| HDFC Short Term Debt Dir | 4 star | 8.18 | 5.99 | 7.44 | 0.37 | 14,612 | 8.03 | — | 11Y 2M |
| Axis Short Term Dir | 4 star | 8.09 | 5.90 | 7.46 | 0.34 | 8,278 | 8.14 | — | 11Y 2M |
| ABSL Short Term Dir | 4 star | 8.20 | 6.33 | 7.70 | 0.38 | 7,275 | 8.63 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 8 | 52 |
| Macaulay Duration (yrs) | 2.69 | 2.71 |
| Average Maturity (yrs) | 2.92 | 3.49 |
| Yield to Maturity (%) | 7.34 | 7.67 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund
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