Home>Mutual Funds>L&T Mutual Fund>L&T Overnight Fund Direct Growth

L&T Overnight Fund Direct Growth

Debt
Overnight
Low Risk
4.30%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 Oct 2021₹1,633.91
Min. SIP amount₹1,000
Rating3star
Fund size₹1,996.28 Cr

Returns and rankings

Category: Debt Overnight
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.1%4.3%5.1%6.5%
Category average3.0%4.4%4.9%NA
Rank with in category1321NA
Understand termsinfo

Holdings (1)

NameSectorInstrumentAssets
Chennai Petroleum Corpn. Ltd.
EnergyCP5.9%

Pros and cons

info
Category: Debt Overnight
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Pros

1Y and 5Y annualised returns higher than category average
Exit load is zero
Lower expense ratio: 0.1%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
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Cons

3Y annualised returns lower than category average by 0.11%

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.

Understand termsinfo
Check past data

Minimum investment amounts

Min. for 1st investment₹10,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Shriram Ramanathan
Apr 2017 - Present
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Jalpan Shah
May 2016 - Present
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Fund house & investment objective

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Fund house contact details

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