Fund Details
L&T Overnight Fund IDCW Weekly
| Risk | Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.20% |
| NAV | ₹1000.37 (14 May 2021) |
|---|---|
| Fund Started | 27 Nov 2006 |
| Fund Size | ₹786 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Lower expense ratio - 0.2%
3. Exit load is zero
1. 1Y Returns are lower than the category average returns
2. 3Y Returns are lower than the category average returns
3. 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 IDCW Weekly Details
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 27 Nov 2006. 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 ₹786 Cr and the Latest NAV as of 14 May 2021 is ₹1000.37.
The L&T Overnight Fund IDCW 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.
