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Home>Mutual Funds>L&T Mutual Fund>L&T FMP Series XVI Plan A (1223 Days) Direct IDCW

L&T FMP Series XVI Plan A (1223 Days) Direct IDCW

Debt
FMP
Low to Moderate Risk
7.66%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
All
NAV: 27 Apr 2021₹10.00
Min. SIP amountNA
RatingNA
Fund size₹79.97Cr

Returns and rankings

Category: Debt FMP
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA5.5%7.7%7.2%
Category averageNA5.8%8.1%NA
Rank with in categoryNA52095NA
Understand terms

Holdings (26)

NameSectorInstrumentAssets
Kotak Mahindra Prime Ltd.
FinancialDebenture10.4%
Kotak Mahindra Prime Ltd.
FinancialDebenture10.3%
Indian Railway Finance Corpn. Ltd.
FinancialDebenture8.3%
Housing Development Finance Corpn. Ltd.FinancialDebenture8.2%
LIC Housing Finance Ltd.FinancialDebenture8.1%
Indian Railway Finance Corpn. Ltd.
FinancialDebenture8.0%
Housing Development Finance Corpn. Ltd.FinancialDebenture8.0%
LIC Housing Finance Ltd.FinancialDebenture8.0%
National Thermal Power Corp. Ltd.EnergyBonds6.8%
National Bank For Agriculture & Rural Development
FinancialDebenture6.8%
See All

Expense ratio, exit load and tax

Expense ratio: 0.11%

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 terms
Check past data

Minimum investment amounts

Min. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

Fund management

Shriram Ramanathan
Mar 2020 - 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
Dec 2017 - 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

Fund house contact details

Address
BrindavanPlot No. 177, CST RoadKalina, Santacruz (East) Mumbai 400098
Phone
022-66554000 / 1800-2000-400
Launch Date
25 Apr 1996
Website
NA
Amc Image
L&T Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in L&T FMP Series XVI Plan A (1223 Days) Direct IDCW?

You can easily invest in L&T FMP Series XVI Plan A (1223 Days) Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for L&T FMP Series XVI Plan A (1223 Days) Direct IDCW from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in L&T FMP Series XVI Plan A (1223 Days) Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does L&T FMP Series XVI Plan A (1223 Days) Direct IDCW provide?

The L&T FMP Series XVI Plan A (1223 Days) Direct IDCW has been there from 22 Dec 2017 and the average annual returns provided by this fund is 5.45% since its inception.

How much expense ratio is charged by L&T FMP Series XVI Plan A (1223 Days) Direct IDCW?

The term Expense Ratio used for L&T FMP Series XVI Plan A (1223 Days) Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW is 0.11% as of 22 May 2022...

What is the AUM of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW?

The AUM, short for Assets Under Management of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW is ₹79.97Cr as of 22 May 2022.

How to Redeem L&T FMP Series XVI Plan A (1223 Days) Direct IDCW?

If you want to sell your L&T FMP Series XVI Plan A (1223 Days) Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW?

You can select either SIP or Lumpsum investment of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW?

The NAV of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW is ₹10.00 as of 27 Apr 2021.

What is the PE and PB ratio of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW?

The PE ratio ratio of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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