L&T Money Market Fund Direct Dividend weekly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Jalpan Shah, Vikas Garg is the Current Fund Manager of L&T Money Market Fund Direct Dividend weekly.The fund currently has an Asset Under Management(AUM) of ₹650 Cr and the Latest NAV as of 14 Oct 2019 is ₹13.15.
The L&T Money Market Fund Direct Dividend weekly is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 10000. Nil.
Investment Objective
To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments swapped for floating rate returns, fixed rate debt securities, government securities and money market instruments
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹10000
Min for First Investment
₹1000
Min for Second Investment