Fund Details
L&T Overnight Fund Dividend Weekly
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.20% |
| NAV | ₹1000.03 (25 Jan 2021) |
|---|---|
| Fund Started | 27 Nov 2006 |
| Fund Size | ₹1,344 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Risk is lower compared to the benchmark
3. Lower expense ratio
4. Exit load is zero
5. Age is more than 10 years
6. Lower expense ratio - 0.2%
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. 1Y Returns are lower than the benchmark
4. 3Y Returns are lower than the benchmark
5. 5Y Returns are lower than the benchmark
6. Risk-adjusted returns are lower compared to the category
7. 1Y Returns are lower than the category average returns
8. 3Y Returns are lower than the category average returns
9. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Chennai Petroleum Corpn. Ltd. | Energy | CP | 5.9% |
Fund Managers
L&T Overnight Fund Dividend Weekly Details
L&T Overnight Fund Dividend Weekly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 27 Nov 2006. Shriram Ramanathan, Jalpan Shah is the Current Fund Manager of L&T Overnight Fund Dividend Weekly fund.The fund currently has an Asset Under Management(AUM) of ₹1,344 Cr and the Latest NAV as of 25 Jan 2021 is ₹1000.03.
The L&T Overnight Fund Dividend Weekly 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.
