NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Edelweiss Money Market Fund Plan Growth for NRI [27.19]

Min Investment

100

Fund Size

1,045.53 Cr

Expense Ratio

0.8%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

27.19

0.02%

NAV as on 12 Nov 24, 12:00 AM

low to moderate risk

money market

debt

NAV as on 12 Nov 24, 12:00 AM

low to moderate risk

money market

debt

7.02%p.a.

Last 1Y

5.46%p.a.

Last 3Y

5.21%p.a.

Last 5Y

6.30%p.a.

Since Inception

About Edelweiss Money Market Fund Plan Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Edelweiss Money Market Fund Plan 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 Plan Growth is Money Market fund of its category with 1,045.53 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.

  • Edelweiss Money Market Fund Plan Growth delivered 7.0% annual returns during the last year. It has delivered 6.3% average annual returns since the fund was launched.
  • Edelweiss Money Market Fund Plan 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 9 Holdings

08.07 GJ Sdl 2025

2.40%

5.22% Govt Stock 2025

2.37%

364 DTB

2.33%

364 DTB

2.30%

Axis Bank Ltd.

2.29%

364 DTB 03102025

2.25%

Axis Bank Ltd.

2.25%

07.00 RJ Sdl 2025

1.44%

SBI CDMDF--A2

0.12%

Fund Managers

  1. Pranavi Kulkarni (Nov 2021 - Present)
  2. Hetul Raval (Jul 2024 - Present)

Key Information

View Scheme Document

Edelweiss Money Market Fund Plan Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Edelweiss Money Market Fund Plan Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Edelweiss Money Market Fund Plan 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 Plan 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

Frequently Asked Questions