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L&T Overnight Fund Direct IDCW Monthly+0.01%

3.06%
1 Year Return
Debt
Overnight
3.0star
6M
1Y
3Y
5Y
All

Fund Details

L&T Overnight Fund Direct IDCW Monthly

RiskLow
Min SIP Amount₹1000
Expense Ratio0.10%
NAV₹1062.01 (14 May 2021)
Fund Started01 Jan 2013
Fund Size786 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.1%
4.7%
5.4%
76.1%
Category Average
3.0%
4.5%
5.1%
-
Rank Within Category
16
2
1
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 3.1% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.1%
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
4. Exit load is zero
Cons
Found nothing so far.

Top Holdings

NameSectorInstrument% Assets
Chennai Petroleum Corpn. Ltd.EnergyCP5.9%

Fund Managers

Shriram Ramanathan
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Jalpan Shah
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L&T Overnight Fund Direct IDCW Monthly Details

L&T Overnight Fund Direct IDCW Monthly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Shriram Ramanathan, Jalpan Shah is the Current Fund Manager of L&T Overnight Fund Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹786 Cr and the Latest NAV as of 14 May 2021 is ₹1062.01.

The L&T Overnight Fund Direct IDCW Monthly is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 10000.

Investment Objective

The 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.

Tax Implications

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Scheme Information Document(SID)

₹10000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About L&T Mutual Fund

Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
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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