1M
6M
1Y
3Y
5Y
All
| NAV: 01 Aug 2021 | ₹1,000.53 |
|---|---|
| Min. SIP Amount | ₹1,000 |
| Rating | 1star |
|---|---|
| Fund Size | ₹1,578.81 Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹0 (0.00%)
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Debt Overnight
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 3.0% | 4.1% | 4.6% | 6.7% |
| Category average | 3.0% | 4.4% | 4.9% | NA |
| Rank with in category | 18 | 4 | 3 | NA |
Understand termsinfo
Holdings (1)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
Chennai Petroleum Corpn. Ltd. | Energy | CP | 5.9% |
Pros and cons
Category: Debt Overnight
Pros
- Age is more than 10 years
- Lower expense ratio - 0.2%
- Exit load is zero
Cons
- 1Y Returns are lower than the category average returns
- 3Y Returns are lower than the category average returns
- 5Y Returns are lower than the category average returns
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Expense ratio, exit load and tax
Expense ratio: 0.2%
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
Minimum investment amounts
| Min. for 1st investment | ₹1,000 |
| Min. for 2nd investment onwards | ₹10,000 |
| 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
Jalpan Shah
May 2016 - Present
View Details
Education
Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience
Prior to joining L&T Mutual Fund, 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.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | #12 in India |
|---|---|
| Total AUM | 71,233.36 Cr |
| Date of Incorporation | 03 Jan 1997 |
|---|
L&T Overnight Fund IDCW Weekly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 03 Jan 1997. S
L&T Overnight Fund IDCW Weekly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 03 Jan 1997. Shriram Ramanathan, Jalpan Shah is the Current Fund Manager of L&T Overnight Fund IDCW Weekly fund.The fund currently has an Asset Under Management(AUM) of ₹71,233 Cr and the Latest NAV as of 01 Aug 2021 is ₹1000.53.
The L&T Overnight Fund IDCW Weekly is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 10000.
...Read more
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
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.
...Read more
| Fund benchmark | CRISIL Overnight Index |
|---|
Fund house contact details
Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
E-mail
[email protected]Website
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
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L&T Overnight Fund IDCW Weekly
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