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 26 Sep 2025...

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 26 Sep 2025.

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).

L&T FMP Series XVI Plan A (1223 Days) Direct IDCW - NAV, Mutual Fund Performance & Portfolio

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L&T FMP Series XVI Plan A (1223 Days) Direct IDCW
Debt
FMP
Low to Moderate Risk
Payout
+7.66%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
All
 NAV: 27 Apr 2021
₹10.00
Rating
NA
Min. SIP amount
Not Supported
Fund size
₹79.97Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Holdings (26)NameSectorInstrumentAssets
Kotak Mahindra Prime Ltd.
FinancialDebenture10.42%
Kotak Mahindra Prime Ltd.
FinancialDebenture10.30%
Indian Railway Finance Corpn. Ltd.
FinancialDebenture8.34%
Housing Development Finance Corpn. Ltd.
FinancialDebenture8.17%
LIC Housing Finance Ltd.
FinancialDebenture8.12%
Indian Railway Finance Corpn. Ltd.
FinancialDebenture8.04%
Housing Development Finance Corpn. Ltd.
FinancialDebenture8.00%
LIC Housing Finance Ltd.
FinancialDebenture7.97%
National Thermal Power Corp. Ltd.
EnergyBonds6.83%
National Bank For Agriculture & Rural Development
FinancialDebenture6.82%
Housing & Urban Development Corpn. Ltd.
FinancialNCD6.81%
Power Finance Corpn. Ltd.
FinancialBonds6.80%
Tata Sons Ltd.
FinancialPvt. Placed Debts6.77%
Reliance Industries Ltd.
EnergyBonds/Deb6.76%
Power Finance Corpn. Ltd.
FinancialBonds6.76%
REC Ltd.
FinancialDebenture6.75%
Power Grid Corporation of India Ltd.
EnergyDebenture6.73%
Power Grid Corporation of India Ltd.
EnergyDebenture6.72%
National Thermal Power Corp. Ltd.
EnergyBonds6.70%
National Bank For Agriculture & Rural Development
FinancialDebenture6.66%
REC Ltd.
FinancialDebenture6.63%
Housing & Urban Development Corpn. Ltd.
FinancialNCD6.62%
Reliance Industries Ltd.
EnergyBonds/Deb6.61%
Tata Sons Ltd.
FinancialPvt. Placed Debts6.58%
Mahindra & Mahindra Financial Services Ltd.
FinancialDebenture4.06%
Mahindra & Mahindra Financial Services Ltd.
FinancialDebenture3.99%
See All
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt FMP
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA5.5%7.7%7.2%
Category averageNA7.5%7.8%NA
Rank with in categoryNA52095NA
Understand terms
Understand termsExpense ratioA 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.
TaxA 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 loadA 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 dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2020 - Present
0.11%
31 Mar 2020 - 30 Sep 2020
0.11%
31 Mar 2019 - 31 Mar 2020
0.11%
30 Sep 2018 - 31 Mar 2019
0.11%
31 Mar 2018 - 30 Sep 2018
0.10%
Expense ratio, exit load and taxExpense ratio: 0.11%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Fund managementShriram Ramanathan
Mar 2020 - Present
View details
Education
Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience
Prior to joining HSBC Mutual Fund, he has worked with L&T MF, FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Also manages these schemes
L&T Overnight Fund Direct Growth
L&T Liquid Plan Direct Growth
L&T FMP Series XVI Plan A (1223 Days) Direct Growth
L&T FMP Series XVIII Plan C (1178 Days) Direct Growth
Jalpan Shah
Dec 2017 - Present
View details
Education
Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience
Prior to joining Trust Mutual Fund,he was associated with HSBC Mutual Fund, L&T Mutual Fund, 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
L&T Ultra Short Term Fund Direct Growth
L&T Conservative Hybrid Fund Direct Growth
L&T FMP Series XVI Plan A (1223 Days) Direct Growth
L&T FMP Series XVIII Plan C (1178 Days) Direct Growth
TRUSTMF Banking & PSU Fund Direct Growth
TRUSTMF Liquid Fund Direct Growth
TRUSTMF Short Duration Fund Direct Growth
TRUSTMF Overnight Fund Direct Growth
TRUSTMF Money Market Fund Direct Growth
TRUSTMF Corporate Bond Fund Direct Growth
TRUSTMF Fixed Maturity Plan Series II (1196 Days) Direct Growth
Fund house & investment objective
L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM₹75,122.75Cr
Date of Incorporation25 Apr 1996
    L&T FMP Series XVI Plan A (1223 Days) Direct IDCW is a Debt Mutual Fund Scheme launched by L&T Mutual Fund.     This scheme was made available to investors on 25 Apr 1996.     Shriram Ramanathan is the Current Fund Manager of L&T FMP Series XVI Plan A (1223 Days) Direct IDCW fund.     The fund currently has an Asset Under Management(AUM) of ₹75,123 Cr and     the Latest NAV as of 27 Apr 2021 is ₹10.00.  

    The L&T FMP Series XVI Plan A (1223 Days) Direct IDCW is rated Low to Moderate risk.               
  ;
Investment ObjectiveThe scheme aims to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme 
 
;
Fund benchmarkCRISIL Composite Bond Index
Scheme Information Document(SID)
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
E-mail
[email protected]
Website
www.lntmf.com
L&T Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
L&T FMP Series XVI Plan A (1223 Days) Direct IDCW
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Add mutual fund to compare

Name	Sector	Instrument	Assets
Kotak Mahindra Prime Ltd.	Financial	Debenture	10.42%
Kotak Mahindra Prime Ltd.	Financial	Debenture	10.30%
Indian Railway Finance Corpn. Ltd.	Financial	Debenture	8.34%
Housing Development Finance Corpn. Ltd.	Financial	Debenture	8.17%
LIC Housing Finance Ltd.	Financial	Debenture	8.12%
Indian Railway Finance Corpn. Ltd.	Financial	Debenture	8.04%
Housing Development Finance Corpn. Ltd.	Financial	Debenture	8.00%
LIC Housing Finance Ltd.	Financial	Debenture	7.97%
National Thermal Power Corp. Ltd.	Energy	Bonds	6.83%
National Bank For Agriculture & Rural Development	Financial	Debenture	6.82%
Housing & Urban Development Corpn. Ltd.	Financial	NCD	6.81%
Power Finance Corpn. Ltd.	Financial	Bonds	6.80%
Tata Sons Ltd.	Financial	Pvt. Placed Debts	6.77%
Reliance Industries Ltd.	Energy	Bonds/Deb	6.76%
Power Finance Corpn. Ltd.	Financial	Bonds	6.76%
REC Ltd.	Financial	Debenture	6.75%
Power Grid Corporation of India Ltd.	Energy	Debenture	6.73%
Power Grid Corporation of India Ltd.	Energy	Debenture	6.72%
National Thermal Power Corp. Ltd.	Energy	Bonds	6.70%
National Bank For Agriculture & Rural Development	Financial	Debenture	6.66%
REC Ltd.	Financial	Debenture	6.63%
Housing & Urban Development Corpn. Ltd.	Financial	NCD	6.62%
Reliance Industries Ltd.	Energy	Bonds/Deb	6.61%
Tata Sons Ltd.	Financial	Pvt. Placed Debts	6.58%
Mahindra & Mahindra Financial Services Ltd.	Financial	Debenture	4.06%
Mahindra & Mahindra Financial Services Ltd.	Financial	Debenture	3.99%