NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹22.45
0.02%
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
money market
debt
NAV as on 30 Apr 24, 12:00 AM
low to moderate risk
money market
debt
6.67%p.a.
Last 1Y
4.72%p.a.
Last 3Y
5.98%p.a.
Last 5Y
5.23%p.a.
Since Inception
About Edelweiss Money Market Fund Institutional Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Edelweiss Money Market Fund Institutional Growth scheme from Edelweiss Asset Management Limited. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Jun 2008, Edelweiss Money Market Fund Institutional Growth is Money Market fund of its category with 450.9 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- Edelweiss Money Market Fund Institutional Growth delivered 6.7% annual returns during the last year. It has delivered 5.2% average annual returns since the fund was launched.
- Edelweiss Money Market Fund Institutional Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The investment objective of the scheme is to generate returns commensurate with the risk of investing in money market instruments having maturity upto 1 year. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Top 5 Holdings
India (Republic of)
13.69%
Indusind Bank Ltd.
5.24%
Punjab National Bank
5.23%
ICICI Bank Ltd.
5.21%
SBI CDMDF--A2
0.21%
Fund Managers
- Dhawal Dalal (Nov 2016 - Present)
- Pranavi Kulkarni (Nov 2021 - Present)
Key Information
View Scheme Document
Edelweiss Money Market Fund Institutional Growth SIP Calculator
If invested
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This Fund
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Fixed Deposit
NRI Mutual Fund Tax on Edelweiss Money Market Fund Institutional Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Edelweiss Money Market Fund Institutional Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Edelweiss Money Market Fund Institutional Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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