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Comprehensive guide to Edelweiss Overnight Fund including investment objective, fund manager details, returns since inception, and FAQ on NAV, AUM, expense ratio. Get detailed insights about this low-risk debt mutual fund.
The scheme seeks to generate returns commensurate with risk of investments in overnight instruments. Investment in overnight securities having maturity of 1 day.
The fund follows a conservative approach by investing exclusively in overnight securities that mature within one day, making it one of the safest debt fund options available. This investment strategy ensures maximum liquidity with minimal credit and interest rate risks.
Key features of the fund's approach:
- Focus on overnight securities with 1-day maturity
- Minimal credit risk exposure
- High liquidity for investors
- Suitable for parking surplus funds for short periods
- Conservative debt fund ideal for risk-averse investors
Gautam Kaul is the Current Fund Manager of Edelweiss Overnight Fund Direct Growth fund.
Gautam Kaul - Current Fund Manager
- Mr. Kaul is a B.Com (H) and MBA (Finance).
- Prior to joining Edelweiss AMC he has worked with Invesco Mutual Fund, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..
- Mr. Kaul left IDBI in 2016 to join Edelweiss Mutual Fund, where he currently manages 54 schemes with a net AuM of Rs. 5,417 Crore.
The fund also has co-manager support from Siddharth Dedhia:
- Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA - Finance.
- Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.
Edelweiss Asset Management Limited (EAML) is managed by Edelweiss Financial Services Limited, which commenced its operations in 1996 and has been a key driver of the Indian financial sector ever since. It got the license to deal in mutual funds in 2008, amongst the global economic slowdown. Despite the odds stacked against them, they set up Edelweiss Asset Management Ltd. (EAML) and launched mutual funds in a market that was showing no signs of picking up.
Key highlights about Edelweiss AMC:
- Edelweiss Mutual Fund AMC was incorporated on 23, Aug 2007, and has an AUM size of Rs. 1,70,255 Cr as on 30, Jun 2025.
- Edelweiss Mutual Fund has total of 116 schemes.
- This year, Edelweiss AMC crossed the milestone of Rs.1 lakh crore AUM, representing a growth of 27% in FY23, which is well ahead of the industry's 5% growth. This makes us the fastest-growing AMC among the top 15 players in the industry, ranked 12th at the end of FY23.
- The AMC has branches at 11 locations across the country.
- Unlike traditional AMCs, EAML relies on innovation and an unconventional approach to investing. As a result, EAML is considered one of the most tech-friendly investment houses in the country, arguably the only one that focuses extensively on the digital experience of their clients.
The fund house is known for innovation in product offerings, particularly in debt passive products where they have been market leaders in debt passives, with nearly 50% market share, starting with the much-loved Bharat Bond franchise in partnership with the Government of India.
The Edelweiss Overnight Fund is suitable for specific investor profiles and financial goals:
Ideal for:
- Investors seeking maximum safety with minimal risk
- Those looking to park surplus funds for very short periods (few days to few months)
- Emergency fund parking with better returns than savings account
- Corporate treasuries managing working capital
- Conservative investors wanting marginally higher returns than bank deposits
Key considerations:
- The Edelweiss Overnight Fund Direct Growth is rated Low risk.
- The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.
Not suitable for:
- Long-term wealth creation goals
- Investors seeking high returns
- Those comfortable with moderate to high risk for better returns
The fund serves as an excellent cash management tool and provides better liquidity than fixed deposits while offering marginally higher returns than savings accounts.
The Latest NAV as of 20 Mar 2025 is ₹1,318.94. The NAV is updated daily and reflects the current market value of the fund's holdings.
The AUM of Edelweiss Overnight Fund is ₹271.44 Cr. This represents the total value of assets managed by the fund as of recent data.
The Expense Ratio of Edelweiss Overnight Fund is 0.16% This is the annual fee charged by the fund house for managing your investment.
CAGR (3 Years) 6.34% The fund provides steady returns consistent with overnight securities, focusing on capital preservation rather than high growth.
The minimum SIP amount of Edelweiss Overnight Fund is ₹100 This makes it accessible for small investors looking to start their investment journey.
You can invest in Edelweiss Overnight Fund through Allvest platform. Simply create an account, complete your KYC, search for the fund, and choose between lumpsum or SIP investment options based on your preference.
To start a SIP through Allvest, log in to your account, search for Edelweiss Overnight Fund, select the SIP option, choose your investment amount (minimum ₹100), select the SIP date, and set up auto-debit instructions for seamless monthly investments.
You can automate your SIP through Allvest by setting up auto-debit instructions with your bank. This ensures your chosen amount is automatically invested monthly without manual intervention, making investment discipline easier to maintain.
You can redeem your investment through Allvest platform by accessing your portfolio, selecting the fund, and choosing the redemption option. Since it's an overnight fund, there are no exit loads, and redemption proceeds are typically credited within 1-2 business days.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer