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

You can easily invest in L&T FMP Series XVI Plan A (1223 Days) Direct Growth 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 Growth 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 Growth 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 Growth provide?

The L&T FMP Series XVI Plan A (1223 Days) Direct Growth 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 Growth?

The term Expense Ratio used for L&T FMP Series XVI Plan A (1223 Days) Direct Growth 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 Growth is 0.11% as of 02 Feb 2023...

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

The AUM, short for Assets Under Management of L&T FMP Series XVI Plan A (1223 Days) Direct Growth is ₹79.97Cr as of 02 Feb 2023.

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

If you want to sell your L&T FMP Series XVI Plan A (1223 Days) Direct Growth 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 Growth?

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

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

The NAV of L&T FMP Series XVI Plan A (1223 Days) Direct Growth is ₹12.63 as of 27 Apr 2021.

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

The PE ratio ratio of L&T FMP Series XVI Plan A (1223 Days) Direct Growth 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 Growth - NAV, Mutual Fund Performance & Portfolio

L&T FMP Series XVI Plan A (1223 Days) Direct Growth
Debt
FMP
Low to Moderate Risk
7.66%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
All
 NAV: 27 Apr 2021₹12.63
Min. SIP amountNot Supported
RatingNA
Fund size₹79.97Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
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 averageNA3.8%6.0%NA
Rank with in categoryNA52095NA
Understand terms
Holdings (6)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills31.2%
Reserve Bank of India
FinancialT-Bills25.0%
Reserve Bank of India
FinancialT-Bills15.6%
Kotak Mahindra Prime Ltd.
FinancialDebenture10.5%
Power Finance Corpn. Ltd.
FinancialBonds6.8%
Power Grid Corporation of India Ltd.
EnergyDebenture6.7%
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, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
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.
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Jalpan Shah
Dec 2017 - Present
View details
Education
Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience
Prior to joining HSBC Mutual Fund, he was associated with 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
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HSBC Corporate Bond IDCW Half Yearly
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L&T Ultra Short Term Fund Regular Growth
L&T Ultra Short Term Fund Growth
L&T Ultra Short Term Fund IDCW Weekly
L&T Ultra Short Term Fund IDCW Daily
HSBC Gilt Fund IDCW Quarterly
HSBC Gilt Fund Growth
L&T Liquid IDCW Daily
L&T Liquid Plan Growth
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L&T Ultra Short Term Fund Regular IDCW Half Yearly
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HSBC Money Market Fund Growth
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HSBC Equity Savings Fund IDCW Monthly
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HSBC Short Duration Fund Bonus
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L&T Ultra Short Term Fund Regular IDCW Daily
HSBC Dynamic Bond Fund Growth
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L&T Overnight Fund IDCW Daily
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L&T Overnight Fund IDCW Weekly
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HSBC Banking and PSU Debt Fund IDCW Daily
HSBC Banking and PSU Debt Fund IDCW Weekly
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HSBC Low Duration Fund Growth
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HSBC Dynamic Bond Fund Direct IDCW Monthly
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HSBC Money Market Fund Direct IDCW Monthly
HSBC Money Market Fund Direct IDCW Weekly
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HSBC Credit Risk Fund Direct IDCW Monthly
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L&T Ultra Short Term Fund Direct IDCW Half Yearly
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L&T FMP Series XVI Plan A (1223 Days) Direct Growth
L&T FMP Series XVI Plan A (1223 Days) Regular Growth
L&T FMP Series XVI Plan A (1223 Days) Direct IDCW
L&T FMP Series XVII Plan B (1452 Days) Regular Growth
L&T FMP Series XVII Plan C (1114 Days) Direct IDCW
L&T FMP Series XVII Plan C (1114 Days) Regular Growth
L&T FMP Series XVIII Plan C (1178 Days) Direct Growth
L&T FMP Series XVIII Plan C (1178 Days) Regular Growth
HSBC Ultra Short Duration Fund Regular Growth
HSBC Ultra Short Duration Fund Direct Growth
HSBC Ultra Short Duration Fund Regular IDCW Daily
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HSBC Ultra Short Duration Fund Direct IDCW Weekly
HSBC Ultra Short Duration Fund Direct IDCW Monthly
HSBC Ultra Short Duration Fund Regular IDCW Monthly
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 Growth is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 25 Apr 1996. 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 ₹75,123 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.
;
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
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
www.camsonline.com
Compare funds
L&T FMP Series XVI Plan A (1223 Days) Direct Growth
VS
Add mutual fund to compare

	6M	1Y	3Y	All
Fund returns	NA	5.5%	7.7%	7.2%
Category average	NA	3.8%	6.0%	NA
Rank with in category	NA	520	95	NA

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%

Rank (total assets)	#12 in India
Total AUM	₹75,122.75Cr

Date of Incorporation	25 Apr 1996

Fund benchmark	CRISIL Composite Bond Index

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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	NA
Fund size	₹79.97Cr

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

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (6)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.11%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Shriram RamanathanMar 2020 - PresentView details

Jalpan ShahDec 2017 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Shriram Ramanathan
Mar 2020 - Present
View details

Jalpan Shah
Dec 2017 - Present
View details