Edelweiss Money Market Fund
An open ended debt scheme investing in money market instruments
Data as on 31st August, 2024
| Investment Objective : The investment objective of the scheme is to generate returns commensurate with the risk of investing in money market instruments having maturity upto 1 year. 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. |
|
| Inception Date | 27-Jun-08 |
| Benchmark | CRISIL Money Market A‐I Index (Tier 1), NIFTY Money Market Index A-I (Tier 2) |
| Fund Managers Details | Ms. Pranavi Kulkarni Experience 17 years Managing Since 23-Nov-21 Mr. Hetul Raval Experience 8 years Managing Since 01-Jul-24 |
| Minimum Investment Amount | Rs. 100/- per application and in multiples of Re. 1/- thereafter. |
| Additional investment amount | Rs. 100/- per application and in multiples of Re. 1/- thereafter. |
| Exit Load | Nil |
| Total Expense Ratios~: | Direct Plan 0.16% Regular Plan 0.83% |
| Month End AUM |
Rs. 721.61 Crore
|
| Monthly Average AUM |
Rs. 556.56 Crore
|
|
Direct Plan IDCW Annual
|
29.3894
|
|
Direct Plan IDCW Option
|
27.4102
|
|
Direct Plan Growth Option
|
29.3932
|
|
Regular Plan IDCW Option
|
25.2252
|
|
Regular Plan Growth Option
|
26.8161
|
|
Regular Plan IDCW Annual
|
26.5940
|
| (as on August 30, 2024) |
|
Name of Instrument
|
Rating
|
% to Net Assets
|
| Debt | 99.33% | |
| UNION BANK OF INDIA CD RED 18-03-2025 | FITCH AA+ | 6.85% |
| CANARA BANK CD RED 20-03-2025 | CRISIL AAA | 6.85% |
| 8.07% GUJARAT SDL RED 11-02-2025 | SOV | 3.60% |
| RELIANCE RETAIL VENT LTD. CP 02-09-2024 | CRISIL AAA | 3.57% |
| LIC HSG FIN CP RED 13-01-2025 | CRISIL AAA | 3.47% |
| NABARD CD RED 17-01-2025 | CRISIL AAA | 3.47% |
| HERO HOUSING FIN CP RED 20-01-2025 | CRISIL AA+ | 3.46% |
| BANK OF BARODA CD RED 07-02-2025 | CRISIL AAA | 3.45% |
| ICICI SECURITIES CP RED 30-01-25 | CRISIL AAA | 3.45% |
| 364 DAYS TBILL RED 13-03-2025 | SOV | 3.44% |
| ICICI BANK CD RED 25-02-2025 | CRISIL AAA | 3.44% |
| KOTAK SECURITIES LTD CP RED 21-02-2025 | ICRA AAA | 3.44% |
| 364 DAYS TBILL RED 27-03-2025 | SOV | 3.44% |
| HDFC BANK CD RED 06-03-2025 | CRISIL AAA | 3.43% |
| INDIAN BANK CD RED 13-03-2025 | ICRA AA+ | 3.43% |
| ICICI SECURITIES CP RED 14-03-25 | CRISIL AAA | 3.42% |
| KOTAK MAHINDRA BANK CD RED 15-05-2025 | CRISIL AAA | 3.39% |
| PUNJAB NATIONAL BANK CD RED 15-05-2025 | ICRA AAA | 3.39% |
| AXIS BANK LTD CD RED 05-06-2025 | CRISIL AAA | 3.37% |
| SIDBI CD RED 10-06-2025 | CRISIL AAA | 3.37% |
| HDFC BANK CD RED 24-06-2025 | CRISIL AAA | 3.36% |
| NABARD CD RED 24-06-2025 | CRISIL AAA | 3.36% |
| MUTHOOT FINANCE CP RED 10-06-2025 | CRISIL AA+ | 3.35% |
| PUNJAB NATIONAL BANK CD 10-07-25 | ICRA AAA | 3.35% |
| AXIS BANK LTD CD RED 15-07-2025 | CRISIL AAA | 3.34% |
| ICICI BANK CD RED 25-07-2025 | CRISIL AAA | 3.34% |
| SIDBI CD RED 26-08-2025 | CRISIL AAA | 3.32% |
| SBI CDMDF--A2 | 0.18% | |
| Cash & Other Receivables | 0.67% | |
| TREPS_RED_02.09.2024 | 4.32% | |
| Cash & Cash Equivalent | -3.65% | |
| Grand Total | 100.00% |
|
Yield to maturity (YTM)
|
7.48%
|
|
Modified Duration
|
0.57 years
|
|
Average Maturity
|
0.57 years
|
|
Macaulay Duration
|
0.57 years
|
| Period | Scheme - Regular Plan |
Tier 1 Benchmark (CRISIL Money Market A‐I Index)** |
Tier 2 Benchmark (NIFTY Money Market Index A-I)** |
Additional Benchmark (CRISIL 1 year T-bill Index) |
||||
Returns |
Value of Rs. 10000 Invested |
Returns |
Value of Rs. 10000 Invested |
Returns |
Value of Rs. 10000 Invested |
Returns |
Value of Rs. 10000 Invested |
|
| Last 1 Year | 6.76% |
10,676 |
7.46% |
10,746 |
7.50% |
10,750 |
7.50% |
10,750 |
| Last 3 Years | 5.14% |
11,622 |
6.20% |
11,979 |
6.03% |
11,920 |
5.67% |
11,801 |
| Last 5 Years | 5.04% |
12,793 |
5.66% |
13,175 |
5.42% |
13,023 |
5.54% |
13,099 |
| Since Inception | 6.28% |
26,816 |
7.16% |
30,624 |
7.40% |
31,767 |
6.34% |
27,029 |
Past performance may or may not be sustained in future and
should not be used as a basis for comparison with other investments.
Notes:
‘Compounded annualized for above 1 year.’
1. Different plans shall have different expense structure. The performance details provided herein are of
Regular Plan of Edelweiss Money Market Fund. Returns are for Growth Option only. Since Inception
returns are calculated on Rs. 10/- invested at inception of the scheme. In case the start/end date is
non business day, the NAV of previous day is used for computation.
2. The scheme is currently managed by Hetul Raval (managing this fund from July 01, 2024) and Pranavi Kulkarni (managing this fund from November 23, 2021). Please Click here for name of the other schemes
currently managed by the Fund Managers and relevant scheme for performance.
3. 'Returns are simple annualized for 1 year and below and compounded annualized for above 1 year.'
4. **With effect from 12th March 2024, the benchmark for Edelweiss Money Market Fund has been changed from NIFTY Money Market Index B‐I to CRISIL Money Market A‐I Index (Tier 1 Benchmark).
This Product is suitable for investors who are seeking*
- Regular income over short term fund;
- To generate returns by investing in money market instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal will be at low to moderate risk
Tier 1 Benchmark: CRISIL Money Market A‐I Index
Investors understand that their principal will be at low to moderate risk
Tier 2 Benchmark: Nifty Money Market Index A-I
Investors understand that their principal will be at low to moderate risk