1M
6M
1Y
3Y
All
| NAV: 27 Apr 2021 | ₹12.63 |
| Min. SIP amount | NA |
| Rating | NA |
| Fund size | ₹79.97 Cr |
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 FMP
Annualised returns
Absolute returns
| 6M | 1Y | 3Y | All | |
|---|---|---|---|---|
| Fund returns | NA | 5.5% | 7.7% | 7.2% |
| Category average | NA | 5.8% | 8.1% | NA |
| Rank with in category | NA | 520 | 95 | NA |
Understand termsinfo
Holdings (6)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
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% |
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.
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 tax
Expense ratio: 0.11%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
NA
Understand termsinfo
Check past data
Minimum investment amounts
| Min. for 1st investment | NA |
| Min. for 2nd investment onwards | NA |
| Min. for SIP | NA |
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
Vikas Garg
Dec 2017 - Present
View details
Education
Mr. Garg is CFA MBA Finance, B-Tech and M- Tech
Experience
Prior to joining Invesco India Mutual Fund, he has worked with L&T Mutual Fund as Fund Manager, Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project 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 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 inve
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 03 Jan 1997. 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 ₹71,233 Cr and the Latest NAV as of 27 Apr 2021 is ₹12.63.
The L&T FMP Series XVI Plan A (1223 Days) Direct Growth is rated Low to Moderate risk.
...Read more
Investment Objective
The scheme aims to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments
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
...Read more
| Fund benchmark | CRISIL Composite Bond 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
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 FMP Series XVI Plan A (1223 Days) Direct Growth
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