1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
"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:
|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||--|
|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
|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||Jan-13||3.17||4.19||5.01||0.10%||1,923|
|DSP Overnight Fund - Direct Plan | Invest Online||Jan-19||3.16||--||--||0.06%||3,147|
|Edelweiss Overnight Fund - Direct Plan | Invest Online||Jul-19||3.14||--||--||0.11%||757|
|HSBC Overnight Fund - Direct Plan | Invest Online||May-19||3.22||--||--||0.11%||756|
|Mirae Asset Overnight Fund - Direct Plan | Invest Online||Oct-19||3.22||--||--||0.12%||508|
|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|
|CCIL T Bill Liquidity Weight||3.25||0.40||-1.53||-4.22||--||--|
|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
|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||--||--||--|
|The underlying data is unavailable.|
As on 31-Oct-2021
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.
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.
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.
|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|
|Fund House:||L&T Mutual Fund|
|Return Since Launch:||6.47%|
|Benchmark:||CRISIL Overnight Index|
|Assets:||₹ 1,923 Cr (As on 31-Oct-2021)|
|Expense:||0.10% (As on 31-Oct-2021)|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 23-Jan-2020
AMC: L&T Investment Management Ltd
Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098
Phone: 022-66554000 / 1800-2000-400
Email: [email protected]
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
Email: [email protected]