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L&T Money Market Fund IDCW Monthly

Debt
Money Market
Low to Moderate Risk
Payout
5.62%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 Jun 2022₹11.50
Min. SIP amountNA
Rating2
Fund size₹957.59Cr

Returns and rankings

Category: Debt Money Market
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns2.9%5.6%5.7%7.2%
Category average3.7%6.3%6.5%NA
Rank with in category1418NA
Understand terms

Holdings (25)

NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills7.0%
National Bank For Agriculture & Rural Development
FinancialCP6.8%
Kotak Securities Ltd.ServicesCP4.7%
LIC Housing Finance Ltd.
FinancialCP4.7%
Canara Bank
FinancialCD4.7%
Axis Bank Ltd.
FinancialCD4.7%
Reliance Jio Infocomm Ltd.CommunicationCP4.7%
HDFC Bank Ltd.
FinancialCD4.6%
Kotak Mahindra Bank Ltd.
FinancialCD4.6%
Small Industries Devp. Bank of India Ltd.
FinancialCD4.6%
See All

Expense ratio, exit load and tax

Expense ratio: 0.72%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns 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 amounts

Min. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

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

Mahesh A Chhabria
Nov 2021 - Present
View details

Fund house & investment objective

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
Website
NA
Amc Image
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in L&T Money Market Fund IDCW Monthly?

You can easily invest in L&T Money Market Fund IDCW Monthly 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 Money Market Fund IDCW Monthly 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 Money Market Fund IDCW Monthly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does L&T Money Market Fund IDCW Monthly provide?

The L&T Money Market Fund IDCW Monthly has been there from 10 Aug 2005 and the average annual returns provided by this fund is 2.93% since its inception.

How much expense ratio is charged by L&T Money Market Fund IDCW Monthly?

The term Expense Ratio used for L&T Money Market Fund IDCW Monthly 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 Money Market Fund IDCW Monthly is 0.72% as of 27 Jun 2022...

What is the AUM of L&T Money Market Fund IDCW Monthly?

The AUM, short for Assets Under Management of L&T Money Market Fund IDCW Monthly is ₹957.59Cr as of 27 Jun 2022.

How to Redeem L&T Money Market Fund IDCW Monthly?

If you want to sell your L&T Money Market Fund IDCW Monthly 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 Money Market Fund IDCW Monthly?

You can select either SIP or Lumpsum investment of L&T Money Market Fund IDCW Monthly based on your investment objective and risk tolerance.

What is the NAV of L&T Money Market Fund IDCW Monthly?

The NAV of L&T Money Market Fund IDCW Monthly is ₹11.50 as of 24 Jun 2022.

What is the PE and PB ratio of L&T Money Market Fund IDCW Monthly?

The PE ratio ratio of L&T Money Market Fund IDCW Monthly 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).

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