Edelweiss Money Market Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Edelweiss Money Market Fund Direct Growth Plan has a NAV of ₹33.9042 as of 09 Sep 2026 and an AUM of ₹2,322 Cr. Its 1-year, 3-year and 5-year returns are 6.72%, 7.36% and 6.47%, and the fund carries a Balanced Risk label.

Our view is that it suits investors looking for a debt allocation with a steady return profile rather than sharp upside. The portfolio is built largely around certificates of deposit and treasury bills, which makes the return pattern more dependent on short-rate movements and credit selection than on broad market direction.

Quick facts

Particular	Details
NAV	₹33.9042 as of 09 Sep 2026
AUM	₹2,322 Cr
Expense Ratio	0.16%
Launch Date	04 Jan 2013
Min SIP	₹100
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Debt
Exit Load	No exit load
Fund Managers	Rahul Dedhia, Hetul Raval

The fund is managed by Rahul Dedhia and Hetul Raval.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.64%	-4.69%
3M	2.05%	0.93%
1Y	6.72%	-7.16%
3Y	7.36%	6%
5Y	6.47%	5.87%

In the latest month and quarter, the fund has stayed positive while the benchmark has been choppy to weak. That tells us the scheme has been behaving like a defensive debt fund rather than moving with the equity benchmark, which is consistent with its category and portfolio mix.

The 1-year figure is the most striking comparison point. At 6.72%, the fund has held up clearly better than the benchmark’s negative 1-year result, which suggests a much smoother path through the recent period. Even so, the fund’s own short-term returns are modest, so the emphasis is still on stability rather than strong momentum.

Looking at the longer window, the picture remains steady. The 3-year return of 7.36% is slightly ahead of the benchmark’s 6%, and the 5-year return of 6.47% is also above the benchmark’s 5.87%. That gap is not large, but it does show that the fund has maintained a disciplined compounding profile over time.

The recent trend does not look materially different from the longer-term pattern. Our view is that the fund has been relatively consistent, with limited swings and enough resilience to stay ahead of the benchmark across the measured horizons.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Edelweiss Money Market?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Money Market Fund Direct Growth Plan	6.72%	7.36%	6.47%
Union Money Market Fund Direct Growth Plan	6.92%	7.26%	6.49%
Bank of India Money Market Fund Direct Growth Plan	6.79%	Data not available	Data not available
LIC MF Money Market Fund Direct Growth Plan	6.78%	6.84%	Data not available
Bandhan Money Market Fund Direct Growth Plan	6.78%	7.45%	6.68%
Tata Money Market Fund Direct Growth Plan	6.78%	7.58%	6.85%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is a little below the stronger peer figures shown here, where several funds sit between 6.78% and 6.92%. That means the latest trailing return is respectable, but not the strongest among the comparable funds we have available.

On the longer horizon, the story is mixed. The fund’s 3-year return of 7.36% is above Union Money Market Fund Direct Growth Plan and LIC MF Money Market Fund Direct Growth Plan, but below Bandhan Money Market Fund Direct Growth Plan and Tata Money Market Fund Direct Growth Plan. Its 5-year return of 6.47% is close to Union Money Market Fund Direct Growth Plan and below Bandhan Money Market Fund Direct Growth Plan and Tata Money Market Fund Direct Growth Plan.

So the peer view is balanced rather than one-sided. The short-term comparison places the fund slightly behind a few peers, while the longer-term figures show a steadier position and keep it broadly competitive over full market cycles.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
NABARD CD Red 17-02-2027#	Certificate of Deposit	6.26%
Sidbi CD Red 18-02-2027#	Certificate of Deposit	6.26%
HDFC Bank CD Red 09-03-2027#**	Certificate of Deposit	6.24%
182 Days Tbill Red 22-10-2026	Treasury Bills	5.34%
Bank of Baroda CD Red 07-12-2026#	Certificate of Deposit	5.29%
ICICI Bank CD Red 19-03-2027#**	Certificate of Deposit	5.19%
182 Days Tbill Red 04-02-2027	Treasury Bills	4.21%
Union Bank of India CD Red 19-01-2027#**	Certificate of Deposit	4.2%
Federal Bank Ltd CD Red 04-03-27#**	Certificate of Deposit	4.16%
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	3.55%

The top 10 holdings account for approximately 50.7% of the portfolio.

To see all holdings, visit the Edelweiss Money Market Fund Direct Growth Plan page

The single largest holding is 6.26%, and the next few positions sit very close to that level. The fall from the largest holding to the tenth is gradual rather than sharp, which suggests the visible book is spread across several similar-sized positions instead of relying on one dominant asset.

That said, the top 10 holdings still add up to about half the portfolio, so these positions are likely to have greater influence on near-term behaviour than the longer tail. With 38 disclosed holdings in total, the fund appears to carry a fairly layered structure beyond the top names, which may help reduce dependence on any one issuer.

Our view is that this mix fits a money-market style portfolio: short-dated instruments, a meaningful share of certificates of deposit, and a moderate amount of cash and equivalents. The structure may support steadier navigation of rate changes, although it does not eliminate spread or reinvestment risk.

Source data date: as of 09 Sep 2026

Who should invest

This fund is better suited to investors who are comfortable with a debt product that is intended to be steady rather than exciting. The Balanced Risk label, positive returns across 1-year, 3-year and 5-year periods, and modestly better-than-benchmark long-term performance all point to a portfolio that can fit a conservative to moderate-risk allocation.

The main trade-off is that stability comes with limited upside. The fund has been consistently positive, but its gains are measured, so investors looking for stronger growth or short-term outperformance may find it too restrained. A longer holding period is more appropriate than a tactical, short-term return chase.

It may work best as part of a broader debt sleeve where consistency, liquidity and short-duration exposure matter more than high return potential. Investors who want a money-market style allocation with a relatively even return path may find the profile more suitable than those seeking higher volatility-driven gains.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: No exit load.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Money Market Fund Direct Growth Plan?
Its current NAV is ₹33.9042 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 6.72% over 1 year, 7.36% over 3 years and 6.47% over 5 years.

How has the fund performed against its benchmark?
It has stayed ahead of the benchmark across 1-year, 3-year and 5-year periods. The benchmark shows -7.16% over 1 year, 6% over 3 years and 5.87% over 5 years.

How does it compare with peer funds on recent returns?
Its 1-year return is a little below several peer funds in the comparison set, while its 3-year and 5-year returns remain broadly competitive. The longer-term numbers are closer to the stronger peer figures than the latest 1-year reading.

Is there a minimum SIP amount?
No minimum SIP amount is listed here, so this page does not state one.

Who manages the fund and what does the portfolio look like?
The fund is managed by Rahul Dedhia and Hetul Raval. The portfolio is led by certificates of deposit and treasury bills, and the top 10 holdings account for approximately 50.7% of the portfolio.

Bottom line

Edelweiss Money Market Fund Direct Growth Plan has been steadier over longer periods than over the latest year, but it still stays ahead of the benchmark across the measured horizons. Compared with peers, its recent return is slightly softer, while its 3-year and 5-year figures remain broadly competitive. The fund’s Balanced Risk label and portfolio mix of short-dated debt instruments point to a relatively measured profile. Investors who want a stable debt allocation with a reasonably diversified holding base may find the structure more relevant than those seeking higher return swings.

Published on 10 September 2026 at 3:59 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.