3 Year return

5.67%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹461.79 Cr.

Expense Ratio

0.24% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
1.5

Ratings by other agencies

2
2
5

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

Edelweiss Mutual Fund Managers

DD

Dhawal Dalal

Fund Manager since Aug 2017

View Details

Fund House Details

Edelweiss Mutual Fund

Edelweiss Mutual Fund Asset management company

AUM ₹147,767.86 Cr.
No. of Schemes 153
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Edelweiss Mutual Fund

List of mutual fund schemes by AMC

About Edelweiss Money Market Fund Direct Plan Growth

The Edelweiss Money Market Fund Direct Plan Growth is a money market fund that invests in debt and money market instruments with a maturity of up to one year. It aims to provide investors with high liquidity and low risk, while also seeking to generate returns that are higher than bank deposits. The Edelweiss Money Market Fund Direct Plan Growth is an open-ended fund. The expense ratio of the Edelweiss Money Market Fund Direct Plan Growth is lower than the category average.

Investment Objectives of the Scheme

The investment objective of the Edelweiss Money Market Fund Direct Plan Growth is to generate returns that are higher than bank deposits, while also providing investors with high liquidity and low risk. The fund invests in a variety of debt and money market instruments, including treasury bills, commercial paper, and certificates of deposit.

Key Features of The Fund

5-year return 6.07%
Expense Ratio 0.24%
Fund Manager Dhawal Dalal
Fund Size ₹461.79 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

The Edelweiss Money Market Fund Direct Plan Growth is suitable for investors who are looking for a high-liquidity investment with low risk. It is a good option for investors who need to access their money quickly, such as for emergency expenses or to meet short-term financial goals. The fund is also a good option for investors who are looking to generate returns that are higher than bank deposits.

AMC Contact Details

Name Edelweiss Mutual Fund
Launch Date 2009
Addresss Edelweiss House, Off. C.S.T Road, Kalina, Mumbai - 400 098
Contact 1800 425 0090
Email EMFHelp@edelweissmf.com
Website https://www.edelweissmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Plan Your Investments Efficiently

SIPs can help you invest with minimum contributions over a period of time. With Angel One's free SIP calculator online, you can set your end goal and determine the required contribution amount. Check how over time, with small contributions, you can build up enough to achieve your financial goals.

FAQs

What is today's NAV of Edelweiss Money Market Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Edelweiss Money Market Fund Jun 19 2024 is 28.9686

What is the AUM of Edelweiss Money Market Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Edelweiss Money Market Fund is 461.79 crore.

What is the expense ratio of Edelweiss Money Market Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Edelweiss Money Market Fund is 0.24%

What are the returns of Edelweiss Money Market Fund since inception?

The Edelweiss Money Market Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 7.44 since inception.

What is the minimum SIP amount to invest in Edelweiss Money Market Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Edelweiss Money Market Fund is 100.

How do I invest in Edelweiss Money Market Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Edelweiss Money Market Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Edelweiss Money Market Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Edelweiss Money Market Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.