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L&T Money Market Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.84 0.02 0.09 0.54 1.34 5.03 7.98 7.57 8.06 8.26 8.33
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 4.78 4.71
Debt: Money Market 0.82 0.02 0.10 0.52 1.39 3.24 7.42 7.02 7.42 7.89 7.97
Rank within category 12 16 16 8 15 1 2 3 1 1 --
Number of funds in category 19 19 19 19 19 19 17 13 13 13 12

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (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 10.71 (25-Nov-2011 - 26-Nov-2012) 3.22 (30-Dec-2008 - 30-Dec-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.33 1.24 1.35 2.71 0.25 2.07
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 6.81 0.70 2.74 6.85 0.99 2.74
Rank within category 2 14 13 13 1 12
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 31 20 41
Modified Duration (yrs) 0.49 0.64 0.28 0.34
Average Maturity (yrs) 0.52 0.68 0.29 0.33
Yield to Maturity (%) 5.91 8.14 5.63 5.72

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 8.30 8.30
up ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 8.03 8.03
equal Reliance Industries 180-D 18/05/2020 Commercial Paper A1+ 0.00 - 5.54 5.54
new Bank of Baroda 22/05/2020 Certificate of Deposit A1+ 0.00 - 5.54 5.54
equal LIC Housing Fin. 344-D 28/05/2020 Commercial Paper A1+ 0.00 - 6.12 5.53
equal Kotak Mahindra Bank 22/09/2020 Certificate of Deposit A1+ 0.00 - 7.24 5.43
new SIDBI 2021 Commercial Paper A1+ 0.00 - 5.34 5.34
new JSW Steel 155-D 10/06/2020 Commercial Paper A1+ 0.00 - 4.39 4.39
down National Bank Agr. Rur. Devp 15/05/2020 Securitised Debt A1+ 0.00 - 4.34 3.88
equal Adani Ports and Special Economic Zone 90-D 12/02/2020 Commercial Paper A1+ 0.00 - 2.81 2.81
equal HDFC Securities 90-D 12/02/2020 Commercial Paper A1+ 0.00 - 2.81 2.81
equal Vedanta 91-D 13/03/2020 Commercial Paper A1+ 0.00 - 2.80 2.80
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 4.91 2.77
equal Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 2.77 2.77
equal HDFC 364-D 09/09/2020 Commercial Paper A1+ 0.00 - 3.62 2.72
new SBI Cards & Payments Services 254-D 16/09/2020 Commercial Paper A1+ 0.00 - 2.71 2.71
equal Kotak Mahindra Prime 334-D 28/09/2020 Commercial Paper A1+ 0.00 - 2.99 2.70
equal Kotak Mahindra Bank 26/11/2020 Certificate of Deposit A1+ 0.00 - 2.69 2.69
new National Bank Agr. Rur. Devp 21/01/2021 Commercial Paper A1+ 0.00 - 2.66 2.66
new SBI Cards & Payments Services 345-D 16/12/2020 Commercial Paper A1+ 0.00 - 2.66 2.66
new Axis Bank 14/01/2021 Certificate of Deposit A1+ 0.00 - 2.66 2.66
new HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 2.65 2.65
up SIDBI 13/05/2020 Certificate of Deposit A1+ 0.00 - 2.22 2.22
equal Bajaj Finance 365-D 17/06/2020 Commercial Paper A1+ 0.00 - 2.20 2.20
equal Axis Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 2.14 2.14

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-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:

— Vikas Garg since 03-Apr-2017

Education: Mr. Garg is CFA MBA Finance, B-Tech and M- Tech

Experience: Prior to joining L&T Mutual Fund he has worked with Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager

Funds Managed:


0.02%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 19.7540

Dividend Weekly: ₹ 13.1229

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Dividend Monthly: ₹ 11.6397

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: 10-Aug-2005
Return Since Launch: 7.76%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 888 Cr (As on 31-Jan-2020)
Expense: 0.76% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Feb-20200.0015

 18-Feb-20200.0009
 17-Feb-20200.0033
 14-Feb-20200.0011
 13-Feb-20200.0015
 12-Feb-20200.0012
 11-Feb-20200.0019
 10-Feb-20200.0044
 07-Feb-20200.0017
 06-Feb-20200.0049
 05-Feb-20200.0014
 04-Feb-20200.0016
 03-Feb-20200.0035
 31-Jan-20200.0008
 30-Jan-20200.0011
 29-Jan-20200.0012
 28-Jan-20200.0012
 27-Jan-20200.0032
 24-Jan-20200.0015
 23-Jan-20200.0014
 22-Jan-20200.0012
 21-Jan-20200.0011
 20-Jan-20200.0029
 17-Jan-20200.0012
 16-Jan-20200.0012
Dividend Weekly17-Feb-20200.0086

 10-Feb-20200.0150
 03-Feb-20200.0081
 27-Jan-20200.0089
 20-Jan-20200.0074
 13-Jan-20200.0086
 06-Jan-20200.0120
 30-Dec-20190.0075
 23-Dec-20190.0047
 16-Dec-20190.0078
 09-Dec-20190.0032
 02-Dec-20190.0092
 25-Nov-20190.0107
 18-Nov-20190.0115
 11-Nov-20190.0054
 04-Nov-20190.0116
 29-Oct-20190.0094
 22-Oct-20190.0145
 14-Oct-20190.0114
 07-Oct-20190.0147
 30-Sep-20190.0169
 23-Sep-20190.0021
 16-Sep-20190.0098
 09-Sep-20190.1816
 03-Sep-20190.0126
Dividend Monthly27-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
 25-Oct-20180.0432
 25-Sep-20180.0432
 27-Aug-20180.0432
 25-Jul-20180.0432
 25-Jun-20180.0432
 25-May-20180.0432
 25-Apr-20180.0432
 26-Mar-20180.0433
 26-Feb-20180.0433
 25-Jan-20180.0433

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: 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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