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L&T Overnight Fund Direct Growth

Debt
Overnight
Low Risk
3.75%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 18 May 2022₹1,666.42
Min. SIP amount₹1,000
Rating3
Fund size₹1,035.11Cr

Returns and rankings

Category: Debt Overnight
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.4%3.8%4.8%6.3%
Category average3.0%4.4%4.9%NA
Rank with in category1391NA
Understand terms

Holdings (1)

NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills1.8%

Pros and cons

Category: Debt Overnight

Pros

1Y annualised returns higher than category average by 0.28%
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

Cons

3Y and 5Y annualised returns lower than category average

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 terms
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
View details

Education
Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience
Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Also manages these schemes

Mahesh A Chhabria
Nov 2021 - Present
View details

Fund house & investment objective

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
Website
NA
Amc Image
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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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?

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 ₹1,666.42 as of 18 May 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).

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