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2 star

L&T Money Market Fund - Direct Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 3.10 0.01 0.07 0.35 0.80 1.75 3.37 6.12 6.76 7.50 --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 --
Debt: Money Market 3.47 0.01 0.07 0.33 0.83 1.86 3.75 6.14 6.45 7.04 --
Rank within category 17 4 14 7 14 16 17 9 2 1 --
Number of funds in category 18 20 20 20 20 18 18 14 12 12 0

As on 03-Dec-2021

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
2 star
Jan-13 3.37 6.12 6.76 0.24% 1,070
HDFC Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.90 6.43 6.67 0.21% 15,828
Aditya Birla Sun Life Money Manager Fund - Direct Plan  | Invest Online
5 star
Jan-13 3.94 6.43 6.79 0.21% 14,819
ICICI Prudential Money Market Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.82 6.18 6.58 0.21% 13,305
Tata Money Market Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.11 6.47 5.12 0.25% 7,126

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.30 27-Oct-2020 - 27-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.99 1.39 1.58 5.07 1.26 2.97
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Money Market 6.15 0.92 2.77 7.74 1.59 3.33
Rank within category 10 14 15 15 2 11
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 29 17 45
Modified Duration (yrs) 0.33 0.56 0.09 --
Average Maturity (yrs) 0.33 0.58 0.09 --
Yield to Maturity (%) 3.97 3.97 3.26 --
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
equal Sikka Ports and Terminals 184-D 23/02/2022 Commercial Paper A1+ 0.00 - 6.92 6.92
up HDFC Bank 21/03/2022 Certificate of Deposit A1+ 0.00 - 6.90 6.90
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 5.99 5.99
up Axis Bank 31/01/2022 Certificate of Deposit A1+ 0.00 - 5.55 5.55
equal 8.79% Punjab State 22/02/2022 State Development Loan SOV 0.00 - 5.00 4.82
equal LIC Housing Fin. 181-D 24/01/2022 Commercial Paper A1+ 0.00 - 4.63 4.63
equal Bajaj Housing Finance 184-D 28/01/2022 Commercial Paper A1+ 0.00 - 4.63 4.63
equal Export-Import Bank 196-D 24/03/2022 Certificate of Deposit A1+ 0.00 - 4.60 4.60
equal ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 4.60 4.60
equal Ultratech Cement 316-D 16/03/2022 Commercial Paper A1+ 0.00 - 4.60 4.60
equal Tata Capital Financial Services 334-D 29/03/2022 Commercial Paper A1+ 0.00 - 3.21 3.21
equal 8.88% Haryana State 22/02/2022 State Development Loan SOV 0.00 - 2.99 2.99
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 8.13 2.77
equal 8.39% Rajasthan State 24/02/2026 State Development Loan SOV 0.00 - 4.97 2.40
new Reliance Industries 91-D 11/01/2022 Commercial Paper A1+ 0.00 - 2.32 2.32
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 2.31 2.31
equal Axis Finance 181-D 31/01/2022 Commercial Paper A1+ 0.00 - 2.31 2.31
equal Kotak Mahindra Investments 202-D 14/02/2022 Commercial Paper A1+ 0.00 - 2.31 2.31
equal HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.31 2.31
new SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 2.30 2.30
equal Godrej Agrovet 180-D 16/03/2022 Commercial Paper A1+ 0.00 - 2.30 2.30
new Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 6.09 2.30
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.30 2.30
equal Kotak Mahindra Investments 298-D 17/05/2022 Commercial Paper A1+ 0.00 - 2.28 2.28
equal Bajaj Financial Securities 329-D 20/06/2022 Commercial Paper A1+ 0.00 - 2.27 2.27

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-2021

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 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 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 03-Dec-2021

Growth: ₹ 21.9571

IDCW Weekly: ₹ 13.1516

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IDCW Monthly: ₹ 12.0738

IDCW 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 (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.80%
Benchmark: NIFTY Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,070 Cr (As on 31-Oct-2021)
Expense: 0.24% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.0011

 02-Dec-20210.0010
 01-Dec-20210.0012
 30-Nov-20210.0013
 29-Nov-20210.0030
 26-Nov-20210.0013
 25-Nov-20210.0011
 24-Nov-20210.0015
 23-Nov-20210.0012
 22-Nov-20210.0045
 18-Nov-20210.0012
 17-Nov-20210.0010
 16-Nov-20210.0011
 15-Nov-20210.0039
 12-Nov-20210.0013
 11-Nov-20210.0014
 10-Nov-20210.0012
 09-Nov-20210.0026
 08-Nov-20210.0068
 03-Nov-20210.0016
 02-Nov-20210.0015
 01-Nov-20210.0024
 25-Oct-20210.0023
 22-Oct-20210.0004
 20-Oct-20210.0002
IDCW Weekly29-Nov-20210.0083

 22-Nov-20210.0080
 15-Nov-20210.0094
 08-Nov-20210.0102
 01-Nov-20210.0047
 25-Oct-20210.0023
 18-Oct-20210.0061
 11-Oct-20210.0094
 04-Oct-20210.0058
 27-Sep-20210.0032
 20-Sep-20210.0064
 13-Sep-20210.0072
 06-Sep-20210.0102
 30-Aug-20210.0084
 23-Aug-20210.0073
 17-Aug-20210.0121
 09-Aug-20210.0068
 02-Aug-20210.0073
 26-Jul-20210.0075
 19-Jul-20210.0065
 12-Jul-20210.0080
 05-Jul-20210.0085
 28-Jun-20210.0071
 21-Jun-20210.0065
 14-Jun-20210.0070
IDCW Monthly25-Nov-20210.0300

 25-Oct-20210.0300
 27-Sep-20210.0300
 25-Aug-20210.0300
 26-Jul-20210.0300
 25-Jun-20210.0400
 25-May-20210.0400
 26-Apr-20210.0400
 25-Mar-20210.0400
 25-Feb-20210.0400
 25-Jan-20210.0400
 28-Dec-20200.0400
 25-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

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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