| NAV: 18 May 2022 | ₹1,666.42 |
| Min. SIP amount | ₹1,000 |
| Rating | 3 |
| Fund size | ₹1,035.11Cr |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 3.4% | 3.8% | 4.8% | 6.3% |
| Category average | 3.0% | 4.4% | 4.9% | NA |
| Rank with in category | 13 | 9 | 1 | NA |
Holdings (1)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
Reserve Bank of India | Financial | T-Bills | 1.8% |
Pros and cons
Pros
Cons
Expense ratio, exit load and tax
Expense ratio: 0.10%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Minimum investment amounts
| Min. for 1st investment | ₹10,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Shriram RamanathanApr 2017 - PresentView details
Mahesh A ChhabriaNov 2021 - PresentView details
Fund house & investment objective
Fund house contact details
Compare funds
FAQs
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 3.35% 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 19 May 2022...
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 ₹1,035.11Cr as of 19 May 2022.
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?
What is the NAV of L&T Overnight Fund Direct Growth?
The NAV of L&T Overnight Fund Direct Growth is ₹1,666.42 as of 18 May 2022.
