Edelweiss Overnight Fund

Review Date: 11-04-2025

Beginning of Analysis

In the Overnight Fund category, Edelweiss Overnight Fund is the 21st ranked fund. The category has total 27 funds. The 2 star rating shows a poor past performance of the Edelweiss Overnight Fund in Overnight Fund. The fund has a Sharpe Ratio of -1.93 which is lower than the category average of -1.91.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Overnight Mutual Funds are ideal for investors seeking a safe, liquid, and ultra-low-risk investment option for very short-term cash management. These funds invest in overnight securities with a maturity of 1 day, offering quick redemption (within 1 business day) and stable returns. While they provide minimal risk and high liquidity, they offer very low returns compared to other debt funds. Investors should consider their liquidity needs and investment horizon before investing in Overnight Funds. These funds are best suited for parking surplus funds for a very short duration, such as overnight or a few days.

Edelweiss Overnight Fund Return Analysis

• The fund has given a return of 0.53%, 1.51 and 3.2 in last one, three and six months respectively. In the same period the category average return was 0.53%, 1.52% and 3.22% respectively.
• Edelweiss Overnight Fund has given a return of 6.57% in last one year. In the same period the Overnight Fund category average return was 6.61%.
• The fund has given a return of 6.27% in last three years and ranked 25.0th out of 28 funds in the category. In the same period the Overnight Fund category average return was 10.69%.
• The fund has given a return of 5.03% in last five years and ranked 21st out of 27 funds in the category. In the same period the Overnight Fund category average return was 7.32%.
• The fund has given a SIP return of -9.85% in last one year whereas category average SIP return is -9.82%. The fund one year return rank in the category is 26th in 34 funds
• The fund has SIP return of 4.74% in last three years and ranks 24th in 28 funds. Icici Prudential Overnight Fund has given the highest SIP return (71.9%) in the category in last three years.
• The fund has SIP return of 5.22% in last five years whereas category average SIP return is 8.1%.

Edelweiss Overnight Fund Risk Analysis

• The fund has a standard deviation of 0.25 and semi deviation of 0.21. The category average standard deviation is 0.24 and semi deviation is 0.2.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.

Very Good Performance in Overnight Fund Category

Good Performance in Overnight Fund Category

Poor Performance in Overnight Fund Category

Very Poor Performance in Overnight Fund Category