|Risk||Low to Moderate|
|Min SIP Amount||Not Supported|
|NAV||₹12.62 (16 Apr 2021)|
|Fund Started||22 Dec 2017|
|Fund Size||₹80 Cr|
|Reserve Bank of India||Financial||T-Bills||31.2%|
|Reserve Bank of India||Financial||T-Bills||25.0%|
|Reserve Bank of India||Financial||T-Bills||15.6%|
|Kotak Mahindra Prime Ltd.||Financial||Debenture||10.5%|
|Power Finance Corpn. Ltd.||Financial||Bonds||6.8%|
|Power Grid Corporation of India Ltd.||Energy||Debenture||6.7%|
L&T FMP Series XVI Plan A (1223 Days) Direct Growth is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 22 Dec 2017. Jalpan Shah, Vikas Garg is the Current Fund Manager of L&T FMP Series XVI Plan A (1223 Days) Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹80 Cr and the Latest NAV as of 16 Apr 2021 is ₹12.62.
The L&T FMP Series XVI Plan A (1223 Days) Direct Growth is rated Low to Moderate risk.
The 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