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2 star

L&T Money Market Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.04 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 0.76 0.01 0.05 0.27 0.70 1.41 4.40 6.45 7.10 7.52 8.12
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 4.65
Debt: Money Market 0.98 0.01 0.06 0.38 0.89 1.71 5.04 6.50 6.73 7.26 7.89
Rank within category 17 16 14 16 17 15 15 9 3 3 2
Number of funds in category 18 18 18 18 18 17 17 13 12 12 12

As on 16-Apr-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  | Invest Online
2 star
Aug-05 4.40 6.45 7.10 0.73 1,066
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 5.88 7.18 7.13 0.30 11,383
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 5.91 7.02 6.92 0.35 11,249
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 5.64 6.89 6.93 0.33 9,655
Axis Money Market Fund - Regular Plan
4 star
Aug-19 5.51 -- -- 0.31 2,162

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.97 06-Sep-2019 - 13-Sep-2019 -2.15 03-Jun-2019 - 10-Jun-2019
Month 2.46 17-Jun-2019 - 17-Jul-2019 -2.10 10-May-2019 - 10-Jun-2019
Quarter 5.62 14-Jun-2019 - 13-Sep-2019 -0.93 19-Mar-2019 - 18-Jun-2019
Year 11.13 20-Jun-2019 - 19-Jun-2020 3.22 30-Dec-2008 - 30-Dec-2009

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.33 1.35 1.38 3.46 1.04 2.77
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Money Market 6.50 1.10 2.58 5.07 1.41 3.26
Rank within category 10 12 12 12 3 11
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-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 32 17 33
Modified Duration (yrs) 0.21 0.58 0.09 0.42
Average Maturity (yrs) 0.21 0.60 0.09 0.43
Yield to Maturity (%) 3.43 5.61 3.26 3.74
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
new Reserve Bank of India 364-D 01/07/2021 Treasury Bills SOV 0.00 - 9.31 9.31
new Reserve Bank of India 2021 Treasury Bills SOV 0.00 - 7.02 7.02
new Export-Import Bank 176-D 29/06/2021 Certificate of Deposit A1+ 0.00 - 6.98 6.98
new LIC Housing Fin. 164-D 21/06/2021 Commercial Paper A1+ 0.00 - 4.66 4.66
new Sun Pharmaceutical Inds. 293-D 15/06/2021 Commercial Paper A1+ 0.00 - 4.66 4.66
new National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 4.66 4.66
new Reliance Industries 283-D 11/06/2021 Commercial Paper A1+ 0.00 - 4.66 4.66
new HDFC Securities 90-D 24/06/2021 Commercial Paper A1+ 0.00 - 4.65 4.65
new Reserve Bank of India 182-D 01/07/2021 Treasury Bills SOV 0.00 - 4.65 4.65
new Reserve Bank of India 364-D 05/08/2021 Treasury Bills SOV 0.00 - 4.64 4.64
equal Bajaj Housing Finance 365-D 29/10/2021 Commercial Paper A1+ 0.00 - 6.59 4.58
equal Indusind Bank 15/06/2021 Certificate of Deposit A1+ 0.00 - 4.70 3.26
equal Bahadur Chand Investments Commercial Paper A1+ 0.00 - 3.36 2.34
new Indus Towers (Merged) 84-D 26/04/2021 Commercial Paper A1+ 0.00 - 2.34 2.34
new Kotak Securities 91-D 21/06/2021 Commercial Paper A1+ 0.00 - 2.33 2.33
new Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 2.43 2.33
new HDFC 364-D 25/05/2021 Commercial Paper A1+ 0.00 - 2.33 2.33
new Bank of Baroda 22/06/2021 Certificate of Deposit A1+ 0.00 - 2.33 2.33
new Reserve Bank of India 364-D 17/06/2021 Treasury Bills SOV 0.00 - 2.33 2.33
new Bajaj Finance 365-D 30/06/2021 Commercial Paper A1+ 0.00 - 2.33 2.33
new Network 18 Media & Inv 91-D 14/06/2021 Commercial Paper A1+ 0.00 - 2.33 2.33
new National Bank Agr. Rur. Devp 180-D 21/06/2021 Commercial Paper A1+ 0.00 - 2.33 2.33
new Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 2.33 2.33
new Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.33 2.33

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-Mar-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 16-Apr-2021

Growth: ₹ 20.7959

IDCW Weekly: ₹ 13.0372

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IDCW Monthly: ₹ 11.5568

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 (₹) 500
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: 10-Aug-2005
Return Since Launch: 7.52%
Benchmark: NIFTY Money Market TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,066 Cr (As on 31-Mar-2021)
Expense: 0.73% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Apr-20210.0008

 15-Apr-20210.0022
 12-Apr-20210.0025
 09-Apr-20210.0005
 08-Apr-20210.0002
 07-Apr-20210.0005
 06-Apr-20210.0014
 05-Apr-20210.0045
 31-Mar-20210.0010
 30-Mar-20210.0042
 26-Mar-20210.0010
 25-Mar-20210.0014
 24-Mar-20210.0011
 23-Mar-20210.0015
 22-Mar-20210.0031
 19-Mar-20210.0016
 18-Mar-20210.0009
 17-Mar-20210.0012
 16-Mar-20210.0007
 15-Mar-20210.0010
 12-Mar-20210.0015
 10-Mar-20210.0010
 09-Mar-20210.0008
 08-Mar-20210.0026
 05-Mar-20210.0004
IDCW Weekly12-Apr-20210.0045

 06-Apr-20210.0054
 30-Mar-20210.0092
 22-Mar-20210.0081
 15-Mar-20210.0042
 08-Mar-20210.0052
 01-Mar-20210.0052
 22-Feb-20210.0065
 15-Feb-20210.0066
 08-Feb-20210.0055
 01-Feb-20210.0056
 25-Jan-20210.0052
 18-Jan-20210.0030
 11-Jan-20210.0007
 04-Jan-20210.0080
 28-Dec-20200.0062
 21-Dec-20200.0051
 14-Dec-20200.0058
 07-Dec-20200.0061
 01-Dec-20200.0065
 23-Nov-20200.0077
 17-Nov-20200.0089
 09-Nov-20200.0070
 02-Nov-20200.0064
 26-Oct-20200.0074
IDCW Monthly25-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
 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

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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