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2 star

L&T Money Market Fund


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 2.09 -0.01 0.03 0.24 0.80 1.51 3.04 5.94 6.54 7.16 7.84
CCIL T Bill Liquidity Weight 1.54 0.03 0.04 0.20 0.62 1.10 2.20 3.43 3.66 4.10 4.54
Debt: Money Market 2.56 0.00 0.04 0.26 0.92 1.82 3.63 6.07 6.36 6.93 7.65
Rank within category 17 16 14 15 15 17 14 10 7 3 2
Number of funds in category 18 20 20 19 18 18 17 13 12 12 12

As on 24-Sep-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 3.04 5.94 6.54 0.72 1,208
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 4.05 6.63 6.80 0.33 16,634
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 3.93 6.55 6.61 0.35 15,730
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 3.86 6.38 6.59 0.33 12,759
Tata Money Market Fund - Regular Plan  | Invest Online
4 star
May-03 4.13 4.49 5.12 0.43 7,139

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 2.93 13-Jul-2020 - 13-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.86 1.38 1.32 3.80 1.20 2.62
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Money Market 6.10 1.12 2.45 5.93 1.49 3.05
Rank within category 11 12 13 13 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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 27 17 45
Modified Duration (yrs) 0.50 0.56 0.09 0.34
Average Maturity (yrs) 0.51 0.58 0.09 0.34
Yield to Maturity (%) 3.68 3.84 3.26 3.56
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 11/03/2022 Treasury Bills SOV 0.00 - 8.13 8.13
equal 8.69% Karnataka State 2022 State Development Loan SOV 0.00 - 7.22 6.39
down 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 19.92 6.36
new Sikka Ports and Terminals 184-D 23/02/2022 Commercial Paper A1+ 0.00 - 6.10 6.10
up Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 6.09 6.09
equal Reliance Industries 230-D 14/03/2022 Commercial Paper A1+ 0.00 - 5.96 5.28
equal 8.79% Punjab State 22/02/2022 State Development Loan SOV 0.00 - 5.00 4.25
equal Bajaj Housing Finance 184-D 28/01/2022 Commercial Paper A1+ 0.00 - 4.60 4.08
new National Bank Agr. Rur. Devp 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 4.08 4.08
equal LIC Housing Fin. 181-D 24/01/2022 Commercial Paper A1+ 0.00 - 4.60 4.08
equal Ultratech Cement 316-D 16/03/2022 Commercial Paper A1+ 0.00 - 4.58 4.06
new ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 4.05 4.05
equal 8.96% Punjab State 2022 State Development Loan SOV 0.00 - 4.00 3.54
equal Axis Finance 143-D 20/12/2021 Commercial Paper A1+ 0.00 - 3.69 3.27
new Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 3.25 3.25
new Tata Capital Financial Services 334-D 29/03/2022 Commercial Paper A1+ 0.00 - 2.83 2.83
down 8.39% Rajasthan State 24/02/2026 State Development Loan SOV 0.00 - 4.97 2.20
down 8.15% GOI 2022 Central Government Loan SOV 0.00 - 4.91 2.18
equal Axis Bank 31/01/2022 Certificate of Deposit A1+ 0.00 - 2.30 2.04
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 2.30 2.04
new HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.03 2.03
equal Kotak Mahindra Investments 202-D 14/02/2022 Commercial Paper A1+ 0.00 - 2.29 2.03
new Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.02 2.02
equal Kotak Mahindra Investments 298-D 17/05/2022 Commercial Paper A1+ 0.00 - 2.26 2.01
equal Cholamandalam Investment & Finance Company 322-D 17/06/2022 Commercial Paper A1+ 0.00 - 2.25 2.00

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-Aug-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 24-Sep-2021

Growth: ₹ 21.0700

IDCW Weekly: ₹ 13.0604

More

IDCW Monthly: ₹ 11.5276

IDCW Daily: ₹ 10.8581


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: 7.39%
Benchmark: NIFTY Money Market Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,208 Cr (As on 31-Aug-2021)
Expense: 0.72% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily23-Sep-20210.0004

 22-Sep-20210.0002
 21-Sep-20210.0011
 20-Sep-20210.0024
 17-Sep-20210.0007
 16-Sep-20210.0011
 15-Sep-20210.0003
 14-Sep-20210.0006
 13-Sep-20210.0034
 09-Sep-20210.0005
 08-Sep-20210.0012
 07-Sep-20210.0012
 06-Sep-20210.0026
 03-Sep-20210.0012
 02-Sep-20210.0015
 01-Sep-20210.0023
 31-Aug-20210.0008
 30-Aug-20210.0027
 27-Aug-20210.0012
 26-Aug-20210.0009
 25-Aug-20210.0012
 24-Aug-20210.0017
 23-Aug-20210.0030
 20-Aug-20210.0025
 18-Aug-20210.0014
IDCW Weekly20-Sep-20210.0054

 13-Sep-20210.0061
 06-Sep-20210.0091
 30-Aug-20210.0073
 23-Aug-20210.0065
 17-Aug-20210.0109
 09-Aug-20210.0056
 02-Aug-20210.0063
 26-Jul-20210.0064
 19-Jul-20210.0055
 12-Jul-20210.0069
 05-Jul-20210.0074
 28-Jun-20210.0061
 21-Jun-20210.0054
 14-Jun-20210.0060
 07-Jun-20210.0061
 31-May-20210.0058
 24-May-20210.0060
 17-May-20210.0058
 10-May-20210.0049
 03-May-20210.0058
 26-Apr-20210.0069
 19-Apr-20210.0055
 12-Apr-20210.0045
 06-Apr-20210.0054
IDCW Monthly25-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
 25-Oct-20190.0504
 25-Sep-20190.0504
 26-Aug-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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