Edelweiss Overnight Fund
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+6.02% 3Y CAGR)NAV history
Scorecard
★★★☆☆3/5 vs 89 of 80 Overnight Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Overnight Fund (same plan and option). 89 of the 80 Overnight Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR -0.00% · ranks 50 of 80 Overnight Funds
Volatility 1.0% vs 0.6% category avg
0.1% expense vs 0.2% category avg
65% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.15%) vs the Overnight Fund average of 0.18%
Concerns
- 1-year return (-0.00%) trails the Overnight Fund average (+0.75%)
- 3-year return (-0.00%) trails the Overnight Fund average (+0.96%)
- More volatile than its Overnight Fund peers (1.0% vs 0.6%)
- Positive in only 65% of rolling 3-year windows
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Overnight Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Overnight Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.00% | +0.02% | -0.02% |
| 3M abs | +0.00% | +0.17% | -0.17% |
| 6M abs | +0.00% | +0.42% | -0.42% |
| 1Y CAGR | -0.00% | +0.75% | -0.75% |
| 3Y CAGR | -0.00% | +0.96% | -0.96% |
| 5Y CAGR | — | +0.45% | — |
Category average across peers in Overnight Fund (79 of 80 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 80 peers in Overnight Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
43 overlapping 1Y windows, sampled monthly across the fund’s history.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Edelweiss Overnight Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +0.04% | |
| 2025 | -0.01% | |
| 2024 | +0.01% | |
| 2023 | +0.02% | |
| 2020part | +0.03% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹288.16Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Edelweiss in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Radhika Gupta, MD & CEO, Edelweiss Mutual Fund, News, Photos and Videos
India Today · 7d ago
Edelweiss MF to pause SIPs, STPs in 7 overseas schemes from Aug 12
CNBC TV18 · 11d ago
Edelweiss MF suspends existing SIP, STP subscriptions in seven overseas schemes from August 11
Moneycontrol.com · 11d ago
28 international funds stop existing SIPs amid overseas investment limits; Edelweiss' Radhika Gupta says ‘no choice’
livemint.com · 12d ago
Edelweiss Mutual Fund temporarily suspends SIPs and STPs in its 7 funds
The Economic Times · 13d ago
Edelweiss Nifty REITs & Realty Index Fund is open for subscription. Should you invest?
The Economic Times · 13d ago
Edelweiss Mutual Fund files offer document for Altiva Equity Long-Short Fund
Investment Guru · 14d ago
Temporary suspension of existing investments in global schemes of Edelweiss Mutual Fund
Value Research · 14d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Overnight funds
Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.
Frequently asked questions
What is the NAV of Edelweiss Overnight Fund?
As of 20 Aug 2026, the NAV of Edelweiss Overnight Fund is ₹1,096.06 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Edelweiss Overnight Fund delivered?
Edelweiss Overnight Fund has returned -0.00% over 1 year, -0.00% per year over 3 years and +0.79% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Edelweiss Overnight Fund?
Edelweiss Overnight Fund charges an expense ratio of 0.15% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Edelweiss Overnight Fund?
Its largest holdings are GOVERNMENT OF INDIA 37391 091 DAYS TBILL 23JL26 FV RS 100 (7.0%), GOVERNMENT OF INDIA 37341 091 DAYS TBILL 09JL26 FV RS 100 (3.5%) and Others CBLO (1.0%). Holdings are disclosed monthly and change over time.
How risky is Edelweiss Overnight Fund?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -0.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -6.45 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Edelweiss Overnight Fund's -6.45 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of Edelweiss Overnight Fund?
Edelweiss Overnight Fund is benchmarked against the CRISIL Liquid Overnight Index. Its alpha and beta on this page are measured against that index.
Who manages Edelweiss Overnight Fund?
Edelweiss Overnight Fund is managed by Rahul Dedhia, Dhawal Dalal, Pranavi Kulkarni, Hetul Raval and Kedar Karnik at Edelweiss.
How is Edelweiss Overnight Fund taxed?
Edelweiss Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.