|Min SIP Amount||₹1000|
|NAV||₹11.12 (12 May 2021)|
|Fund Started||20 Sep 2007|
|Fund Size||₹4,776 Cr|
L&T Banking and PSU Debt Fund IDCW Daily is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 20 Sep 2007. Shriram Ramanathan, Jalpan Shah is the Current Fund Manager of L&T Banking and PSU Debt Fund IDCW Daily fund.The fund currently has an Asset Under Management(AUM) of ₹4,776 Cr and the Latest NAV as of 12 May 2021 is ₹11.12.
The L&T Banking and PSU Debt Fund IDCW Daily is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 10000.
The scheme aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.