Edelweiss Overnight Fund
Overnight Fund · Edelweiss Asset Management Limited
Among the 274 similar overnight funds we track, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.3 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6.1 lakh and grown it to about ₹7.1 lakh.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Edelweiss Overnight Fund is a overnight fund from Edelweiss Asset Management Limited. It has a track record of about 7.1 years. As of the latest data it carries an RS rating of 82/99 (its recent momentum versus category peers) and a King Score of 77/100 (a long-term quality composite). The current NAV is ₹1426.26 (as of 2026-09-16).
Growth of ₹100 - last 5 years
Edelweiss Overnight Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | 0.41% | 0.39% |
| 3 months | 1.29% | 1.22% |
| 6 months | 2.57% | 2.43% |
| 1 year | 5.3% | 5.03% |
| 3 years (CAGR) | 6.04% | 5.72% |
| 5 years (CAGR) | 5.66% | 7.99% |
The last 5 years return is 5.66% a year (₹1 lakh → ₹1.3 lakh), and the last 3 years return is 6.04% - ahead of its category's 5.72% average by 0.3 points. Its trailing one-year return is 5.3%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Edelweiss Overnight Fu | Benchmark |
|---|---|---|
| 2020 | +3.6% | n/a |
| 2021 | +3.2% | n/a |
| 2022 | +4.6% | n/a |
| 2023 | +6.7% | n/a |
| 2024 | +6.7% | n/a |
| 2025 | +5.8% | n/a |
| 2026 | +3.7% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in Edelweiss Overnight Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹403,376 | 5.69% |
| 5 years | ₹610,000 | ₹707,667 | 5.87% |
Over 5 years, ₹610,000 invested in monthly instalments would have grown to about ₹707,667 - an XIRR of 5.87%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | 0.0% | -0.02% |
| Worst drawdown (3Y) | 0.0% | 0.0% |
| Volatility (1Y) | 0.47% | 0.45% |
| Sharpe (3Y) | -1.9 | -1.84 |
| Bull-market return | 4.3% | 4.73% |
| Bear-market return | 4.9% | 5.12% |
Timing matters more than people admit: the best possible 1-year stretch in Edelweiss Overnight Fund (starting 2023-03-24) gained 6.8%, while the worst (starting 2020-10-14) still made 3.1%. The worst peak-to-bottom fall Edelweiss Overnight Fund has ever put investors through is 0.0% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 4.9% annualised, versus 4.3% in rising markets.
How Edelweiss Overnight Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Edelweiss Overnight Fund has historically returned about 4.9% annualised, versus roughly 4.3% when the market is rising. Its deepest fall on record is 0.0%. Right now it sits about 0.0% at or above its all-time high (last hit 2026-09-16). The real question isn't the average year - it's whether you could hold on through the worst one.
How Edelweiss Overnight Fund ranks in its category
Percentile versus its ~274 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 5.44% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 3.69% |
| Median 5Y rolling CAGR | 5.14% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Edelweiss Overnight Fund returned a median of 5.44% a year, and 100.0% of those windows were positive.
Who manages Edelweiss Overnight Fund - and how good are they?
Edelweiss Overnight Fund is managed by Kedar Karnik and Hetul Raval. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Kedar Karnik's full record
Kedar Karnik currently runs 3 funds, across Dynamic Asset Allocation or Balanced Advantage, Gilt Fund, Overnight Fund, with about ₹13,143 Cr under management. The book's average King Score is 77.7/100. Their strongest fund by King Score is Edelweiss Balanced Advantage Fund (79/100); Edelweiss Overnight Fund ranks #2 of 3 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Edelweiss Balanced Advantage Fund | 89 | 79 | 1.2% | 4.5% | 3.8% | 9.9% | 9.0% | 11.9% | 0.36 | 13.1% | -16.2% |
| 2 | Edelweiss Overnight Fund (this page) | 82 | 77 | 1.3% | 2.6% | 5.3% | 6.0% | 5.7% | n/a | -1.9 | 5.4% | 0.0% |
| 3 | Edelweiss Government Securities Fund | 32 | 77 | 0.5% | 1.2% | 1.8% | 6.0% | 5.2% | n/a | -0.16 | 7.3% | -3.3% |
Hetul Raval's full record
Hetul Raval currently runs 16 funds, across Arbitrage Fund, FoF Domestic, Index Funds, Liquid Fund and more, with about ₹49,788 Cr under management. The book's average King Score is 68.3/100. Their strongest fund by King Score is Edelweiss Liquid Fund (92/100); Edelweiss Overnight Fund ranks #3 of 16 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Edelweiss Liquid Fund | 96 | 92 | 1.7% | 3.5% | 6.6% | 7.0% | 6.4% | n/a | 1.46 | 5.9% | -0.1% |
| 2 | Edelweiss Arbitrage Fund | 80 | 81 | 1.6% | 3.1% | 6.7% | 7.4% | 6.9% | 6.5% | 0.92 | 6.8% | -0.5% |
| 3 | Edelweiss Overnight Fund (this page) | 82 | 77 | 1.3% | 2.6% | 5.3% | 6.0% | 5.7% | n/a | -1.9 | 5.4% | 0.0% |
| 4 | Edelweiss CRISIL IBX 50 50 Gilt Plus SDL June 2027 Index Fund | 75 | 77 | 1.4% | 2.7% | 5.8% | 7.3% | n/a | n/a | 0.99 | 7.7% | -0.4% |
| 5 | Edelweiss CRISIL IBX 50 50 Gilt Plus SDL Sep 2028 Index Fund | 68 | 77 | 1.3% | 2.3% | 5.6% | 7.5% | n/a | n/a | 0.79 | 8.0% | -0.8% |
| 6 | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50 50 Index Fund | 84 | 76 | 1.7% | 3.1% | 6.2% | 7.4% | n/a | n/a | 1.18 | 7.4% | -3.5% |
| 7 | Edelweiss Money Market Fund | 94 | 71 | 2.0% | 3.5% | 6.7% | 7.3% | 6.5% | n/a | 1.42 | 7.2% | -2.2% |
| 8 | Edelweiss CRISIL IBX 50 50 Gilt Plus SDL Short Duration Index fund | 62 | 68 | 0.8% | 2.2% | 5.3% | 7.2% | n/a | n/a | 0.6 | 7.3% | -0.8% |
| 9 | Edelweiss CRISIL IBX 50 50 Gilt Plus SDL April 2037 Index Fund | 50 | 57 | 0.6% | 1.5% | 4.0% | 6.9% | n/a | n/a | 0.14 | 8.0% | -2.9% |
| 10 | BHARAT Bond ETF FOF - April 2032 | 33 | 54 | 0.7% | 2.2% | 4.4% | 7.2% | n/a | n/a | 0.21 | 7.9% | -4.1% |
| 11 | BHARAT Bond ETF FOF - April 2033 | 36 | 53 | 0.9% | 2.4% | 4.4% | 7.3% | n/a | n/a | 0.16 | 7.7% | -4.3% |
| 12 | Bharat Bond FOF - April 2030 | 34 | 53 | 0.7% | 2.4% | 4.5% | 7.1% | 6.3% | n/a | 0.2 | 6.6% | -4.8% |
| 13 | BHARAT Bond FOF- April 2031 | 31 | 52 | 0.2% | 1.9% | 4.1% | 7.1% | 6.2% | n/a | 0.18 | 6.6% | -3.8% |
| 14 | Edelweiss CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund | 88 | n/a | 1.9% | 3.5% | 6.6% | n/a | n/a | n/a | 1.16 | n/a | -0.2% |
| 15 | Edelweiss CRISIL IBX AAA Financial Services - Jan 2028 Index Fund | 85 | n/a | 1.8% | 3.3% | 6.2% | n/a | n/a | n/a | 0.92 | n/a | -0.4% |
| 16 | Edelweiss Income Plus Arbitrage Active Fund of Funds | 57 | n/a | 1.6% | 3.0% | 5.8% | n/a | n/a | n/a | n/a | n/a | -0.1% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.07% |
| Exit load | No exit load |
| Minimum investment | ₹1000 |
| Fund size (AUM) | ₹173 Cr |
| Age | 7.1 years |
| Plan / Option | Direct · Growth |
How Edelweiss Overnight Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| BANK OF INDIA Overnight Fund | 98 | 89 | 6.2% |
| quant Overnight Fund | 60 | 88 | 6.1% |
| Bajaj Finserv Overnight Fund | 96 | 87 | 6.1% |
| Baroda BNP Paribas Overnight Fund | 94 | 87 | 6.1% |
| Tata Overnight Fund | 94 | 87 | 6.1% |
| Union Overnight Fund | 83 | 86 | 6.1% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Edelweiss Overnight Fund review: the bottom line
Related
Frequently asked questions
Is Edelweiss Overnight Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Edelweiss Overnight Fund scores 77/100 on our King Score and RS 82/99 within its category, has compounded 6.04% a year over three years, and its worst drawdown was 0.0%. Compare those against your needs and the peer table above.
What is the NAV of Edelweiss Overnight Fund today?
The latest NAV is ₹1426.26 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Edelweiss Overnight Fund?
The Direct-plan expense ratio is 0.07% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Edelweiss Overnight Fund?
Edelweiss Overnight Fund is managed by Kedar Karnik; Hetul Raval.
Is Edelweiss Overnight Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was 0.0% - ₹1 lakh briefly becoming about ₹1 lakh. As a debt fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Edelweiss Overnight Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 5 years grew ₹6.1 lakh into about ₹7.1 lakh (XIRR 5.87%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of Edelweiss Overnight Fund?
A ₹10,000/month SIP over 5 years would have grown to about ₹707,667 (an XIRR of 5.87%) on ₹610,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does Edelweiss Overnight Fund rank among similar funds?
On 3-year returns it sits around the 78th percentile of its category, and its consistency ranks 80th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is Edelweiss Overnight Fund tax-efficient / what about capital gains?
As a debt fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Edelweiss Overnight Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.