L&T Overnight Fund Direct Dividend monthly+0.01%

3.79%
1 Year Return
Debt
Overnight
3.0star
6M
1Y
3Y
5Y
All

Fund Details

L&T Overnight Fund Direct Dividend monthly

RiskLow
Min SIP Amount₹1000
Expense Ratio0.10%
NAV1059.10 (25 Oct 2020)
Fund Started01 Jan 2013
Fund Size1,513 Cr

Returns

1Y
3Y*
5Y*
Since inception*
L&T Overnight Fund Direct Dividend monthly
3.8%
5.4%
6.0%
7.0%
Category Average
3.7%
5.0%
5.5%
-
Rank within category
14
1
1
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 3.8% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.1%
    2. Exit load is zero
    Cons
    Found nothing so far.

    Top Holdings

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

    Fund Managers

    addShriram Ramanathan
    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.
    Funds Managed
    addJalpan Shah
    Education
    Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
    Experience
    Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
    Funds Managed

    L&T Overnight Fund Direct Dividend monthly Details

    L&T Overnight Fund Direct Dividend 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 Dividend monthly fund.The fund currently has an Asset Under Management(AUM) of ₹1,513 Cr and the Latest NAV as of 25 Oct 2020 is ₹1059.10.

    The L&T Overnight Fund Direct Dividend 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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