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3 star

L&T Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

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 0.51 0.01 0.05 0.24 0.75 1.55 3.88 5.88 6.38 7.03 --
CCIL T Bill Liquidity Weight 0.31 0.01 0.04 0.19 0.48 1.05 2.85 3.72 3.95 4.39 --
Debt: Liquid 0.53 0.01 0.05 0.25 0.77 1.58 3.79 5.75 6.27 6.95 --
Rank within category 29 23 35 29 26 27 17 20 18 17 --
Number of funds in category 38 38 38 38 38 38 38 34 33 33 1

As on 03-Mar-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Liquid Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.88 5.88 6.38 0.15 7,394
ICICI Prudential Liquid Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.03 5.96 6.41 0.20 39,319
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.01 6.01 6.47 0.21 31,306
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.98 6.00 6.46 0.18 19,338
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.03 5.97 6.43 0.22 12,917

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.63 24-Mar-2020 - 31-Mar-2020 -0.29 17-Mar-2020 - 24-Mar-2020
Month 1.01 24-Mar-2020 - 23-Apr-2020 0.05 23-Feb-2020 - 24-Mar-2020
Quarter 2.69 25-Jul-2013 - 24-Oct-2013 0.74 22-Oct-2020 - 21-Jan-2021
Year 9.86 26-Jul-2013 - 27-Jul-2014 3.92 27-Feb-2020 - 26-Feb-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.74 0.50 2.31 3.98 1.01 2.07
CCIL T Bill Liquidity Weight 3.68 0.37 -2.46 -5.24 -- --
Debt: Liquid 5.62 0.66 2.22 3.96 1.02 1.96
Rank within category 20 21 20 21 18 18
Number of funds in category 34 34 34 33 34 34

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

As on 28-Feb-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 52 22 36
Modified Duration (yrs) 0.09 0.15 0.08 --
Average Maturity (yrs) 0.10 0.16 0.08 --
Yield to Maturity (%) 3.55 5.43 2.94 --
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 Reserve Bank of India 91-D 25/03/2021 Treasury Bills SOV 0.00 - 14.81 14.81
equal Reserve Bank of India 91-D 11/03/2021 Treasury Bills SOV 0.00 - 12.13 12.13
up Reserve Bank of India 91-D 01/04/2021 Treasury Bills SOV 0.00 - 8.75 8.75
new Aditya Birla Finance 7-D 01/02/2021 Commercial Paper A1+ 0.00 - 6.22 6.22
down Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 9.82 5.48
up Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 4.73 4.73
new Bajaj Finance 7-D 01/02/2021 Commercial Paper A1+ 0.00 - 4.73 4.73
new Infina Finance 7-D 01/02/2021 Commercial Paper A1+ 0.00 - 4.73 4.73
equal NTPC 90-D 09/03/2021 Commercial Paper A1+ 0.00 - 4.72 4.72
new HPCL 34-D 23/02/2021 Commercial Paper A1+ 0.00 - 3.37 3.37
up HDB Financial Services 2021 Debenture AAA 0.00 - 2.75 2.75
equal Reliance Industries 58-D 18/02/2021 Commercial Paper A1+ 0.00 - 2.70 2.70
equal Reserve Bank of India 91-D 04/03/2021 Treasury Bills SOV 0.00 - 2.70 2.70
equal Reserve Bank of India 182-D 11/03/2021 Treasury Bills SOV 0.00 - 2.70 2.70
equal NTPC 90-D 22/03/2021 Commercial Paper A1+ 0.00 - 2.69 2.69
new Reliance Industries Ltd - Partly Paid Equity 90-D 27/04/2021 Commercial Paper A1+ 0.00 - 2.68 2.68
down National Bank Agr. Rur. Devp 164-D 01/02/2021 Commercial Paper A1+ 0.00 - 3.70 2.03
equal Reliance Industries 84-D 22/03/2021 Commercial Paper A1+ 0.00 - 2.02 2.02
new Tata Power 60-D 09/03/2021 Commercial Paper A1+ 0.00 - 2.02 2.02
new Export-Import Bank 90-D 27/04/2021 Commercial Paper A1+ 0.00 - 2.01 2.01
new Reliance Industries 90-D 22/04/2021 Commercial Paper A1+ 0.00 - 1.34 1.34
new ICICI Securities 90-D 28/04/2021 Commercial Paper A1+ 0.00 - 1.34 1.34
down National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 1.31 1.22
equal Reserve Bank of India 182-D 04/03/2021 Treasury Bills SOV 0.00 - 0.07 0.07

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-Jan-2021

Fund Manager

— Jalpan Shah since 30-Jun-2014

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.

Interviews:

Funds Managed:

— Shriram Ramanathan since 01-Jan-2013

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-Mar-2021

Growth: ₹ 2,811.5869

Dividend Weekly: ₹ 1,001.0698

Dividend Daily: ₹ 1,014.3496


Investment Strategy

The fund seeks to generate reasonable returns while maintaining safety and providing the investor superior liquidity, investing predominately in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.

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 Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.34%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 7,394 Cr (As on 31-Jan-2021)
Expense: 0.15% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily03-Mar-20210.0684

 02-Mar-20210.0725
 01-Mar-20210.0467
 28-Feb-20210.1668
 26-Feb-20210.0124
 25-Feb-20210.1173
 24-Feb-20210.1258
 23-Feb-20210.0710
 22-Feb-20210.0494
 21-Feb-20210.2339
 18-Feb-20210.1357
 17-Feb-20210.1468
 16-Feb-20210.1200
 15-Feb-20210.1027
 14-Feb-20210.1774
 12-Feb-20210.0942
 11-Feb-20210.0900
 10-Feb-20210.0937
 09-Feb-20210.0825
 08-Feb-20210.0870
 07-Feb-20210.1728
 05-Feb-20210.1061
 04-Feb-20210.0906
 03-Feb-20210.0759
 02-Feb-20210.0918
Dividend Weekly01-Mar-20210.5330

 22-Feb-20210.6771
 15-Feb-20210.6323
 08-Feb-20210.6160
 01-Feb-20210.6941
 25-Jan-20210.5823
 18-Jan-20210.5901
 11-Jan-20210.3075
 04-Jan-20210.6835
 28-Dec-20200.6185
 21-Dec-20200.5596
 14-Dec-20200.5171
 07-Dec-20200.4510
 30-Nov-20200.6138
 23-Nov-20200.6446
 16-Nov-20200.6399
 09-Nov-20200.6265
 02-Nov-20200.5722
 26-Oct-20200.6001
 19-Oct-20200.6695
 12-Oct-20200.6145
 05-Oct-20200.7003
 28-Sep-20200.6606
 21-Sep-20200.6047
 14-Sep-20200.4818

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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