How to Invest in L&T Overnight Fund Direct Growth?

You can easily invest in L&T Overnight Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for L&T Overnight Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in L&T Overnight Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does L&T Overnight Fund Direct Growth provide?

The L&T Overnight Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 4.41% since its inception.

How much expense ratio is charged by L&T Overnight Fund Direct Growth?

The term Expense Ratio used for L&T Overnight Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of L&T Overnight Fund Direct Growth is 0.10% as of 21 Nov 2024...

What is the AUM of L&T Overnight Fund Direct Growth?

The AUM, short for Assets Under Management of L&T Overnight Fund Direct Growth is ₹1,443.18Cr as of 21 Nov 2024.

How to Redeem L&T Overnight Fund Direct Growth?

If you want to sell your L&T Overnight Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of L&T Overnight Fund Direct Growth?

You can select either SIP or Lumpsum investment of L&T Overnight Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of L&T Overnight Fund Direct Growth?

The NAV of L&T Overnight Fund Direct Growth is ₹1,711.45 as of 25 Nov 2022.

What is the PE and PB ratio of L&T Overnight Fund Direct Growth?

The PE ratio ratio of L&T Overnight Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

L&T Overnight Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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L&T Overnight Fund Direct Growth
Debt
Overnight
Low Risk
3.72%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
  NAV: 25 Nov 2022₹1,711.45
Min. SIP amountNot Supported
Rating3
Fund size₹1,443.18Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Overnight
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.4%3.7%4.7%6.3%
Category average6.6%5.8%4.8%NA
Rank with in category21151NA
Understand terms
Peer ComparisonDebt, Overnight fundsRating1Y3YFund Size(Cr)
Axis Overnight Fund Direct   Growth
5
6.8%5.9%8,135.21
Mirae Asset Overnight Fund Direct   Growth
5
6.8%5.9%636.16
Nippon India Overnight Fund Direct   Growth
4
6.8%5.9%8,049.99
Aditya Birla Sun Life Overnight Fund Direct Growth
4
6.7%5.9%7,875.77
Quant Overnight Fund Direct   Growth
5
7.0%NA203.36
Holdings (1)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills1.73%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Oct 2022 - Present
0.10%
31 Oct 2022 - 31 Oct 2022
0.10%
31 Oct 2022 - 31 Oct 2022
0.10%
31 Oct 2022 - 31 Oct 2022
0.10%
31 Oct 2022 - 31 Oct 2022
0.10%
30 Sep 2022 - 31 Oct 2022
0.10%
30 Sep 2022 - 30 Sep 2022
0.10%
30 Sep 2022 - 30 Sep 2022
0.10%
30 Sep 2022 - 30 Sep 2022
0.10%
31 Aug 2022 - 30 Sep 2022
0.10%
31 Aug 2022 - 31 Aug 2022
0.10%
31 Aug 2022 - 31 Aug 2022
0.10%
31 Aug 2022 - 31 Aug 2022
0.10%
31 Jul 2022 - 31 Aug 2022
0.10%
31 Jul 2022 - 31 Jul 2022
0.10%
31 Jul 2022 - 31 Jul 2022
0.10%
30 Jun 2022 - 31 Jul 2022
0.10%
30 Jun 2022 - 30 Jun 2022
0.10%
30 Jun 2022 - 30 Jun 2022
0.10%
31 May 2022 - 30 Jun 2022
0.10%
31 May 2022 - 31 May 2022
0.10%
31 May 2022 - 31 May 2022
0.10%
30 Apr 2022 - 31 May 2022
0.10%
30 Apr 2022 - 30 Apr 2022
0.10%
30 Apr 2022 - 30 Apr 2022
0.10%
31 Mar 2022 - 30 Apr 2022
0.10%
31 Mar 2022 - 31 Mar 2022
0.10%
31 Mar 2022 - 31 Mar 2022
0.10%
28 Feb 2022 - 31 Mar 2022
0.10%
28 Feb 2022 - 28 Feb 2022
0.10%
28 Feb 2022 - 28 Feb 2022
0.10%
31 Jan 2022 - 28 Feb 2022
0.10%
31 Jan 2022 - 31 Jan 2022
0.10%
31 Dec 2021 - 31 Jan 2022
0.10%
31 Dec 2021 - 31 Dec 2021
0.10%
30 Nov 2021 - 31 Dec 2021
0.10%
31 Oct 2021 - 30 Nov 2021
0.10%
30 Sep 2021 - 31 Oct 2021
0.10%
31 Aug 2021 - 30 Sep 2021
0.10%
31 Jul 2021 - 31 Aug 2021
0.10%
30 Jun 2021 - 31 Jul 2021
0.10%
31 May 2021 - 30 Jun 2021
0.10%
30 Apr 2021 - 31 May 2021
0.10%
31 Mar 2021 - 30 Apr 2021
0.10%
28 Feb 2021 - 31 Mar 2021
0.10%
31 Jan 2021 - 28 Feb 2021
0.10%
31 Dec 2020 - 31 Jan 2021
0.10%
30 Nov 2020 - 31 Dec 2020
0.10%
31 Oct 2020 - 30 Nov 2020
0.10%
30 Sep 2020 - 31 Oct 2020
0.10%
31 Aug 2020 - 30 Sep 2020
0.10%
31 Jul 2020 - 31 Aug 2020
0.10%
30 Jun 2020 - 31 Jul 2020
0.10%
31 May 2020 - 30 Jun 2020
0.10%
30 Apr 2020 - 31 May 2020
0.10%
31 Mar 2020 - 30 Apr 2020
0.08%
29 Feb 2020 - 31 Mar 2020
0.09%
31 Jan 2020 - 29 Feb 2020
0.06%
31 Dec 2019 - 31 Jan 2020
0.08%
30 Nov 2019 - 31 Dec 2019
0.08%
31 Oct 2019 - 30 Nov 2019
0.08%
30 Sep 2019 - 31 Oct 2019
0.08%
31 Aug 2019 - 30 Sep 2019
0.09%
31 Jul 2019 - 31 Aug 2019
0.09%
30 Jun 2019 - 31 Jul 2019
0.09%
31 May 2019 - 30 Jun 2019
0.10%
30 Apr 2019 - 31 May 2019
0.10%
31 Mar 2019 - 30 Apr 2019
0.09%
28 Feb 2019 - 31 Mar 2019
0.09%
31 Jan 2019 - 28 Feb 2019
0.09%
31 Dec 2018 - 31 Jan 2019
0.09%
30 Nov 2018 - 31 Dec 2018
0.09%
31 Oct 2018 - 30 Nov 2018
0.09%
30 Sep 2018 - 31 Oct 2018
0.09%
31 Aug 2018 - 30 Sep 2018
0.10%
31 Jul 2018 - 31 Aug 2018
0.10%
30 Jun 2018 - 31 Jul 2018
0.09%
31 May 2018 - 30 Jun 2018
0.09%
30 Apr 2018 - 31 May 2018
0.09%
31 Mar 2018 - 30 Apr 2018
0.09%
28 Feb 2018 - 31 Mar 2018
0.09%
31 Jan 2018 - 28 Feb 2018
0.09%
31 Dec 2017 - 31 Jan 2018
0.09%
30 Nov 2017 - 31 Dec 2017
0.09%
31 Oct 2017 - 30 Nov 2017
0.09%
Expense ratio, exit load and taxExpense ratio: 0.10%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementShriram Ramanathan
Apr 2017 - Present
View details
Education
Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience
Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Also manages these schemes
L&T Overnight Fund Direct Growth
L&T Liquid Plan Direct Growth
L&T Ultra Short Term Fund Direct  Growth
HSBC Liquid Fund Direct Growth
HSBC Medium to Long Duration Fund Direct Growth
L&T FMP Series XVI Plan A (1223 Days) Direct   Growth
L&T FMP Series XVIII Plan C (1178 Days) Direct   Growth
Mahesh A Chhabria
Nov 2021 - Present
View details
Education
Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
Experience
Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
Also manages these schemes
L&T Overnight Fund Direct Growth
L&T Liquid Plan Direct Growth
L&T Ultra Short Term Fund Direct  Growth
HSBC Conservative Hybrid Fund Direct Growth
HSBC Overnight Fund Direct   Growth
HSBC Ultra Short Duration Fund Direct   Growth
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct   Growth
HSBC Equity Savings Fund Direct Growth
HSBC Dynamic Bond Fund Direct Growth
HSBC Banking and PSU Debt Fund Direct Growth
HSBC Low Duration Fund Direct Growth
HSBC Balanced Advantage Fund Direct Growth
HSBC Arbitrage Fund Direct Growth
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct   Growth
Fund house & investment objective
L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM₹75,122.75Cr
Date of Incorporation25 Apr 1996
    L&T Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by L&T Mutual Fund.     This scheme was made available to investors on 25 Apr 1996.     Shriram Ramanathan, Jalpan Shah is the Current Fund Manager of L&T Overnight Fund Direct Growth fund.     The fund currently has an Asset Under Management(AUM) of ₹75,123 Cr and     the Latest NAV as of 25 Nov 2022 is ₹1,711.45.  

    The L&T Overnight Fund Direct Growth is rated Low risk.     Minimum SIP Investment is set to ₹1,000.          
  ;
Investment ObjectiveThe scheme aims to deliver reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments. It may invest up to 100 per cent of its assets in derivatives for hedging and portfolio balancing purposes. 
 
;
Fund benchmarkNIFTY 1D Rate Index
Scheme Information Document(SID)
Fund house contact details
Address
BrindavanPlot No. 177, CST RoadKalina, Santacruz (East) Mumbai 400098
Phone
022-66554000 / 1800-2000-400
Launch Date
25 Apr 1996
E-mail
[email protected]
Website
www.lntmf.com
L&T Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
L&T Overnight Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	4.4%	3.7%	4.7%	6.3%
Category average	6.6%	5.8%	4.8%	NA
Rank with in category	21	15	1	NA

Debt, Overnight funds	Rating	1Y	3Y	Fund Size(Cr)
Axis Overnight Fund Direct Growth	5	6.8%	5.9%	8,135.21
Mirae Asset Overnight Fund Direct Growth	5	6.8%	5.9%	636.16
Nippon India Overnight Fund Direct Growth	4	6.8%	5.9%	8,049.99
Aditya Birla Sun Life Overnight Fund Direct Growth	4	6.7%	5.9%	7,875.77
Quant Overnight Fund Direct Growth	5	7.0%	NA	203.36

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	1.73%

Rank (total assets)	#12 in India
Total AUM	₹75,122.75Cr

Date of Incorporation	25 Apr 1996

Fund benchmark	NIFTY 1D Rate Index

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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

L&T Overnight Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Peer Comparison

Holdings (1)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.10%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Shriram RamanathanApr 2017 - PresentView details

Mahesh A ChhabriaNov 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Shriram Ramanathan
Apr 2017 - Present
View details

Mahesh A Chhabria
Nov 2021 - Present
View details