This Money Market Mutual Fund Is Good For Investment, Offered Up To 8.35% Returns In 2 Years

The fundamental reason for investing in debt funds is to earn a steady interest income and capital appreciation. The issuers of debt instruments pre-decide the interest rate you will receive as well as the maturity period. Hence, they are also known as 'fixed-income' securities. The mutual fund we have highlighted here has offered good returns both on lump-sum as well SIP investment. Read to know more!

Edelweiss Money Market Fund - Direct Plan-Growth

This Money Market fund is a debt mutual fund from the Edelweiss Mutual Fund. It is an open-ended medium-sized fund of its category. The AUM (Asset Under Management) of this fund is Rs 311.86 Crore. The NAV of the fund as of 18th April 2022 is Rs 25.3105. The expense ratio of this fund is 0.2%, which is almost similar to its category average. 

As the fund is a debt mutual fund it is not a risky fund. Its risk level is low. The minimum investment amount required is Rs 5000 for a lump-sum payment. The SIP minimum amount is Rs 500. This fund is good for short term investment. There is no lock-in period. It also has no exit load. The fund aims to earn returns that are proportional to the risk of investing in money market securities with a one-year maturity.

Absolute And Annualised Returns

Lump-Sum Investment

Since its launch, it has delivered 7.70% average annual returns.

Investment Period	Absolute Returns	Annualised Returns
1 Year	3.77%	3.75%
2 Year	8.38%	4.10%
3 Year	22.62%	7.03%
5 Year	39.65%	6.90%
Since Inception	99.25%	7.70%

SIP Returns

SIP Period	Absolute Returns	Annualised Returns
1 Year	1.99%	3.71%
2 Year	3.94%	3.76%
3 Year	7.56%	4.79%
5 Year	18.02%	6.56%

Portfolio

The fund invests 86.86 per cent of its assets in debt, with 86.86 per cent of its assets in very low-risk securities. The fund's credit record is good, suggesting that it has lent to high-quality customers. Since most funds in this category lend to comparable borrowers, the risk of default is similar across the board. Godrej & Boyce Mfg. Co. Ltd., HDFC Securities Ltd., Reliance Jio Infocomm Ltd., Axis Bank Ltd., and ICICI Securities Ltd. are among the fund's top holdings.

Disclaimers

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.