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4 star

L&T Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 5.58 0.01 0.07 0.32 0.98 2.19 5.99 7.57 8.11 8.33 --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 4.53 --
Debt: Money Market 5.49 0.01 0.07 0.31 0.99 2.34 5.95 7.22 7.38 7.85 --
Rank within category 12 14 12 12 12 15 12 3 1 1 --
Number of funds in category 18 20 20 19 19 19 18 12 12 12 0

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Money Market Fund - Direct Plan  | Invest Online
4 star
Jan-13 5.99 7.57 8.11 0.25 1,182
SBI Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.43 7.50 7.80 0.23 23,410
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.87 7.64 7.48 0.21 12,795
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.92 7.77 7.61 0.21 11,974
Franklin India Savings Fund - Direct Plan  | Invest Online Now
5 star
Jan-13 6.31 7.54 7.75 0.13 1,336

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.98 (06-Sep-2019 - 13-Sep-2019) -2.15 (03-Jun-2019 - 10-Jun-2019)
Month 2.49 (17-Jun-2019 - 17-Jul-2019) -2.06 (10-May-2019 - 10-Jun-2019)
Quarter 5.74 (14-Jun-2019 - 13-Sep-2019) -0.82 (19-Mar-2019 - 18-Jun-2019)
Year 11.66 (20-Jun-2019 - 19-Jun-2020) 5.30 (21-Jun-2018 - 21-Jun-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.37 1.30 1.86 4.18 0.67 3.13
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Debt: Money Market 7.01 0.86 3.33 7.10 0.92 3.03
Rank within category 3 13 13 13 3 10
Number of funds in category 14 14 14 14 14 14

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

As on 31-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 25 32 24 42
Modified Duration (yrs) 0.43 0.63 0.32 0.31
Average Maturity (yrs) 0.44 0.66 0.32 0.31
Yield to Maturity (%) 3.59 5.97 3.51 3.46
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 12.65 8.37
up Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 8.24 8.24
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 8.85 6.28
equal Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 7.36 6.26
new Reserve Bank of India 364-D 03/06/2021 Treasury Bills SOV 0.00 - 4.15 4.15
new LIC Housing Fin. 277-D 14/06/2021 Commercial Paper A1+ 0.00 - 4.14 4.14
new Export-Import Bank 245-D 16/06/2021 Certificate of Deposit A1+ 0.00 - 4.14 4.14
new ICICI Securities 241-D 25/06/2021 Commercial Paper A1+ 0.00 - 4.13 4.13
new HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 4.09 4.09
new Bajaj Housing Finance 365-D 29/10/2021 Commercial Paper A1+ 0.00 - 4.07 4.07
new Aditya Birla Fashion and Retail 90-D 13/01/2021 Commercial Paper A1+ 0.00 - 3.36 3.36
new JSW Steel 54-D 22/12/2020 Commercial Paper A1+ 0.00 - 3.36 3.36
equal Reserve Bank of India 364-D 25/03/2021 Treasury Bills SOV 0.00 - 3.61 3.34
new National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 2.90 2.90
new Indusind Bank 15/06/2021 Certificate of Deposit A1+ 0.00 - 2.89 2.89
equal SBI Cards & Payments Services 345-D 16/12/2020 Commercial Paper A1+ 0.00 - 2.96 2.11
equal Axis Bank 14/01/2021 Certificate of Deposit A1+ 0.00 - 2.97 2.10
equal Reliance Jio Infocomm 364-D 02/02/2021 Commercial Paper A1+ 0.00 - 2.95 2.10
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.10 2.10
equal HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 2.95 2.10
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.70 2.09
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.95 2.09
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 2.43 2.07
new National Bank Agr. Rur. Devp 17/06/2021 Certificate of Deposit A1+ 0.00 - 2.22 2.07
equal SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 5.26 1.68

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2020

Fund Manager

— Jalpan Shah since 03-Apr-2017

Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.

Experience: Prior to joining L&T, 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.

Funds Managed:

— Shriram Ramanathan since 21-Mar-2020

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 27-Nov-2020

Growth: ₹ 21.2366

Dividend Weekly: ₹ 13.0872

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Dividend Monthly: ₹ 12.1007

Dividend Daily: ₹ 10.8591


Investment Strategy

The scheme seek to generate regular income through investment in a portfolio comprising substantially of money market instruments.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.39%
Benchmark: NIFTY Money Market TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 1,182 Cr (As on 31-Oct-2020)
Expense: 0.25% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Nov-20200.0010

 26-Nov-20200.0016
 25-Nov-20200.0011
 24-Nov-20200.0008
 23-Nov-20200.0035
 20-Nov-20200.0013
 19-Nov-20200.0023
 18-Nov-20200.0020
 17-Nov-20200.0039
 13-Nov-20200.0013
 12-Nov-20200.0021
 11-Nov-20200.0011
 10-Nov-20200.0011
 09-Nov-20200.0032
 06-Nov-20200.0012
 05-Nov-20200.0012
 04-Nov-20200.0011
 03-Nov-20200.0012
 02-Nov-20200.0037
 29-Oct-20200.0014
 28-Oct-20200.0010
 27-Oct-20200.0012
 26-Oct-20200.0028
 23-Oct-20200.0011
 22-Oct-20200.0019
Dividend Monthly25-Nov-20200.0400

 26-Oct-20200.0400
 25-Sep-20200.0400
 25-Aug-20200.0400
 27-Jul-20200.0400
 25-Jun-20200.0400
 26-May-20200.0700
 27-Apr-20200.0700
 26-Mar-20200.0504
 25-Feb-20200.0504
 27-Jan-20200.0504
 26-Dec-20190.0504
 25-Nov-20190.0504
 25-Oct-20190.0504
 25-Sep-20190.0504
 26-Aug-20190.0504
 25-Jul-20190.0432
 25-Jun-20190.0432
 27-May-20190.0432
 25-Apr-20190.0432
 25-Mar-20190.0432
 25-Feb-20190.0432
 25-Jan-20190.0432
 26-Dec-20180.0432
 26-Nov-20180.0432
Dividend Weekly23-Nov-20200.0086

 17-Nov-20200.0102
 09-Nov-20200.0080
 02-Nov-20200.0074
 26-Oct-20200.0085
 19-Oct-20200.0099
 12-Oct-20200.0133
 05-Oct-20200.0101
 28-Sep-20200.0070
 21-Sep-20200.0076
 14-Sep-20200.0047
 07-Sep-20200.0064
 31-Aug-20200.0079
 24-Aug-20200.0076
 17-Aug-20200.0078
 10-Aug-20200.0055
 03-Aug-20200.0074
 27-Jul-20200.0065
 20-Jul-20200.0076
 13-Jul-20200.0145
 06-Jul-20200.0175
 29-Jun-20200.0073
 22-Jun-20200.0159
 15-Jun-20200.0222
 08-Jun-20200.0044

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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VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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