- Mutual Funds
- Edelweiss Money Market Fund - Direct (IDCW)
Edelweiss Money Market Fund - Direct (IDCW)
Money Market Fund
- NAV 25.97 (0.02%)
- Fund Size (Cr) ₹374.77
- Expense Ratio 0.26
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹500
- Minimum SIP Investment ₹100
- Minimum Withdrawal ₹500
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Exit Load
0%
- Return Since Launch 7.78%
Basic Details
Dhawal Dalal
NIFTY Money Market Index B-I
OPEN
Lumpsum Returns
SIP Returns
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
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0.01%
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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Edelweiss Money Market Fund - Direct (IDCW)
- 374.77
- 0.55%
- 1.67%
- 3.41%
- 7.18%
- 4.93%
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Bandhan Money Manager Fund - Direct (IDCW-D)
- 3460.95
- 0.53%
- 1.68%
- 5.27%
- 9.21%
- 5.76%
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Invesco India Money Market Fund - Direct (IDCW-D)
- 3299.77
- 0.53%
- 1.66%
- 3.39%
- 8.33%
- 5.41%
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Franklin India Money Market Fund - Direct (IDCW-M)
- 1500.9
- 0.57%
- 2.19%
- 3.98%
- 7.96%
- 5.13%
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Baroda BNP Paribas Money Market Fund - Direct (IDCW-D) RI
- 64.37
- 0.57%
- 1.70%
- 3.52%
- 7.74%
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Tata Money Market Fund - Direct (G)
- 15015.76
- 0.58%
- 1.77%
- 3.58%
- 7.66%
- 5.52%
News
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Edelweiss MF Announces IDCW & Monthly Income Distribution cum Capital Withdrawal (IDCW) under its schemes
Edelweiss Mutual Fund has announced 28 November 2023 as the record date for declaration of IDCW on the face value of Rs 10 per unit under the following schemes. The amount IDCW (Rs. per unit) will be:
Edelweiss Aggressive Hybrid Fund ? Regular Plan ? IDCW Option & Direct Plan ? IDCW Option: Rs. 0.17 each.
Edelweiss Balanced Advantage Fund ? Regular Plan ? Monthly IDCW Option & Direct Plan ? Monthly IDCW Option: Rs. 0.15 each.
Edelweiss Equity Savings Fund ? Regular Plan ? Monthly IDCW Option & Direct Plan ? Monthly IDCW Option: Rs. 0.08 each.
Powered by Capital Market - Live News
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Edelweiss MF Announces change in scheme name
Edelweiss Mutual Fund has announced change in scheme name under the following scheme, with effect from 01 December 2023:
Change in the name of the Scheme:
Existing Name Revised Name Edelweiss Long Term Equity Fund (Tax Savings) Edelweiss ELSS Tax saver Fund Powered by Capital Market - Live News
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Edelweiss MF Announces change in scheme name
Edelweiss Mutual Fund has announced change in scheme name under the following scheme, with effect from 15 December 2023:
Change in the Scheme Name:
Existing Name Revised Name Edelweiss Focused Equity Fund Edelweiss Focused Fund Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
20-Feb-2014
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Total AUM (Cr)
₹376.68
Edelweiss Money Market Fund - Direct (IDCW) is an Money Market Fund-oriented fund from the renowned AMC, Edelweiss Mutual Fund. Launched in Feb 2014, this fund is managed by Dhawal Dalal. With assets under management (AUM) worth ₹376.68 (Cr), as of 08-Dec-2023, Edelweiss Money Market Fund - Direct (IDCW) is categorized as a Money Market Fund within its segment. The fund has generated a return of 7.78% since its launch.
The current NAV of Edelweiss Money Market Fund - Direct (IDCW) is ₹25.97, as on 08-Dec-2023. The fund’s benchmark index is NIFTY Money Market Index B-I. You can invest in Edelweiss Money Market Fund - Direct (IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹100 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated 4.93% and 7.25% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 100.69% in Debt and -0.69% in cash and cash equivalents
FAQs on Edelweiss Money Market Fund - Direct (IDCW)
Edelweiss Money Market Fund - Direct (IDCW) is a popular fund in the Money Market Fund segment. The fund has generated a return of 7.78% since inception. Looking to invest in Edelweiss Money Market Fund - Direct (IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Edelweiss Money Market Fund - Direct (IDCW) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Edelweiss Money Market Fund - Direct (IDCW)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Edelweiss Money Market Fund - Direct (IDCW) today and reap the benefits of this Money Market Fund fund!
In the short term, i.e., 1 year, Edelweiss Money Market Fund - Direct (IDCW) has generated annualised return of 7.18%. In the long-term, the fund has generated 4.93% and 7.25% in 3 and 5 years respectively. Since its inception, the fund has generated 7.78% returns.
The expense ratio of Edelweiss Money Market Fund - Direct (IDCW) Direct Growth is 0.26%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of Edelweiss Money Market Fund - Direct (IDCW) is ₹376.68 (Cr) as of 08 December 2023. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Edelweiss Money Market Fund - Direct (IDCW) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Edelweiss Money Market Fund - Direct (IDCW):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Edelweiss Money Market Fund - Direct (IDCW)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in Edelweiss Money Market Fund - Direct (IDCW). Minimum lumpsum investment Edelweiss Money Market Fund - Direct (IDCW) is ₹5000 and minimum SIP amount is ₹100. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of Edelweiss Money Market Fund - Direct (IDCW) is ₹25.97 as on 08 December 2023.
The 5 biggest stock holdings of Edelweiss Money Market Fund - Direct (IDCW) are:
TBILL-182D (6.49%), TBILL-182D (3.88%), C C I (6.78%), Hero Housing Fin (6.55%), A Birla Finance (6.5%)
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