March 7, 2024
mayank
Edelweiss Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 28.3538
Yearly NAV IDCW: Rs 28.3500
NAV IDCW: Rs 26.4408
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on.
We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate returns commensurate with the risk of investing in money market instruments having maturity upto 1 year.
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) Pranavi Kulkarni
Education: Ms. Kulkarni is a BE Computer Science, MBA Finance
Experience: Prior to joining Edelweiss Mutual Fund, she has worked with CRISIL Ltd. and Yes Bank.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 04-Jan-13 |
| Return Since Launch | 7.43% |
| Benchmark | NIFTY Money Market Index B-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 343 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.40% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | Low |
Trailing Returns (%) of Edelweiss Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Money Market Dir | 1.40 | 0.04 | 0.66 | 1.86 | 3.55 | 7.51 | 5.31 | 6.88 | 6.76 | 7.77 |
| CCIL T Bill Liquidity Weight | 0.84 | 0.02 | 0.38 | 1.21 | 2.31 | 4.77 | 3.18 | 3.29 | 3.53 | 4.02 |
| Debt: Money Market | 1.40 | 0.03 | 0.64 | 1.87 | 3.61 | 7.64 | 5.58 | 6.02 | 6.36 | 7.03 |
| Rank within category | 14 | 1 | 8 | 16 | 18 | 17 | 17 | — | — | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of Edelweiss Money Market 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 Money Market Dir | 1 star | 7.51 | 5.31 | 6.88 | 0.40 | 343 | 7.43 | — | 11Y 2M |
| ABSL Money Manager Dir | 5 star | 7.88 | 5.78 | 6.27 | 0.21 | 19,231 | 7.39 | — | 11Y 2M |
| HDFC Money Market Dir | 4 star | 7.79 | 5.73 | 6.25 | 0.23 | 17,645 | 7.28 | — | 11Y 2M |
| Tata Money Market Dir | 5 star | 7.96 | 5.89 | 6.26 | 0.16 | 16,515 | 6.61 | — | 11Y 2M |
| ICICI Pru Money Market Dir | 4 star | 7.81 | 5.66 | 6.08 | 0.21 | 15,531 | 7.24 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 14 | 52 |
| Macaulay Duration (yrs) | 0.76 | 0.33 |
| Average Maturity (yrs) | 0.71 | 0.33 |
| Yield to Maturity (%) | 7.81 | 7.59 |
| Avg Credit Rating | AAA | — |
How to Invest in Edelweiss Money Market Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss Money Market Fund
Apply Online: https://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
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