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3 star

L&T Overnight Fund - Direct Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.90 0.01 0.06 0.28 0.81 1.60 3.17 4.19 5.01 5.83 --
CCIL T Bill Liquidity Weight 1.83 -0.01 0.04 0.16 0.45 1.05 1.96 3.23 3.54 3.99 --
Debt: Overnight 2.89 0.01 0.06 0.28 0.80 1.60 3.16 4.17 4.94 5.66 --
Rank within category 11 2 8 21 14 14 12 2 1 1 --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 0

As on 29-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Overnight Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.17 4.19 5.01 0.10% 1,923
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.16 -- -- 0.06% 3,147
Edelweiss Overnight Fund - Direct Plan  | Invest Online
4 star
Jul-19 3.14 -- -- 0.11% 757
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.22 -- -- 0.11% 756
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.22 -- -- 0.12% 508

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.26 16-Jul-2013 - 23-Jul-2013 -0.10 09-Jul-2013 - 16-Jul-2013
Month 0.86 08-Aug-2013 - 09-Sep-2013 0.20 23-Mar-2020 - 22-Apr-2020
Quarter 2.42 25-Jul-2013 - 24-Oct-2013 0.70 23-Mar-2020 - 22-Jun-2020
Year 9.24 26-Jul-2013 - 27-Jul-2014 3.00 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.19 0.38 0.85 4.91 0.65 0.73
CCIL T Bill Liquidity Weight 3.25 0.40 -1.53 -4.22 -- --
Debt: Overnight 4.17 0.38 0.81 4.39 0.65 0.71
Rank within category 2 3 2 1 2 2
Number of funds in category 4 4 4 4 4 4

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.35 3.40 2.34 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Oct-2021

Fund Manager

— Jalpan Shah since 30-May-2016

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.

Interviews:

Funds Managed:

— Shriram Ramanathan since 03-Apr-2017

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.

Funds Managed:


0.01%

Change from previous, NAV as on 29-Nov-2021

Growth: ₹ 1,639.7960

IDCW Weekly: ₹ 1,001.4242

More

IDCW Monthly: ₹ 1,063.8398

IDCW Daily: ₹ 1,023.3000


Investment Strategy

The scheme aims to deliver reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments. It may invest up to 100 per cent of its assets in derivatives for hedging and portfolio balancing purposes.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 6.47%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,923 Cr (As on 31-Oct-2021)
Expense: 0.10% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Nov-20210.0905

 28-Nov-20210.1779
 26-Nov-20210.0893
 25-Nov-20210.0904
 24-Nov-20210.0905
 23-Nov-20210.1046
 22-Nov-20210.1065
 21-Nov-20210.2838
 18-Nov-20210.0942
 17-Nov-20210.0889
 16-Nov-20210.0897
 15-Nov-20210.0898
 14-Nov-20210.1757
 12-Nov-20210.0880
 11-Nov-20210.0882
 10-Nov-20210.0892
 09-Nov-20210.0890
 08-Nov-20210.0901
 07-Nov-20210.3829
 03-Nov-20210.0965
 02-Nov-20210.0912
 01-Nov-20210.0897
 31-Oct-20210.1813
 29-Oct-20210.0911
 28-Oct-20210.0897
IDCW Weekly29-Nov-20210.6312

 22-Nov-20210.6509
 15-Nov-20210.6079
 08-Nov-20210.6459
 01-Nov-20210.6211
 25-Oct-20210.6250
 18-Oct-20210.5861
 11-Oct-20210.5817
 04-Oct-20210.6145
 27-Sep-20210.6187
 20-Sep-20210.6080
 13-Sep-20210.5915
 06-Sep-20210.5727
 30-Aug-20210.5822
 23-Aug-20210.5777
 16-Aug-20210.5770
 09-Aug-20210.5908
 02-Aug-20210.6016
 26-Jul-20210.6083
 19-Jul-20210.6023
 12-Jul-20210.6060
 05-Jul-20210.5993
 28-Jun-20210.6047
 21-Jun-20210.6133
 14-Jun-20210.6041
IDCW Monthly25-Nov-20212.5000

 25-Oct-20212.4000
 27-Sep-20212.4000
 25-Aug-20212.3000
 26-Jul-20212.3000
 25-Jun-20212.5000
 25-May-20212.1000
 26-Apr-20212.1000
 25-Mar-20212.1000
 25-Feb-20212.1000
 25-Jan-20212.1000
 28-Dec-20202.1000
 25-Nov-20202.1000
 26-Oct-20202.1000
 25-Sep-20202.1000
 25-Aug-20202.1000
 27-Jul-20202.1000
 25-Jun-20202.1000
 26-May-20202.1000
 27-Apr-20205.0000
 25-Mar-20203.6016
 25-Feb-20203.6016
 27-Jan-20203.6016
 26-Dec-20193.6016
 25-Nov-20193.6016

Contact Information

AMC: L&T Investment Management Ltd

Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098

Phone: 022-66554000 / 1800-2000-400

Fax: 022-66554002

Email: [email protected]

Website: http://www.lntmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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