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4 star

L&T Money Market Fund


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 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 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.

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 4.43 0.03 0.05 0.23 0.84 2.98 6.15 7.20 7.75 7.99 8.41
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 3.35 3.97 4.18 4.62 4.76
Debt: Money Market 4.56 0.03 0.06 0.28 1.02 3.17 6.30 7.04 7.23 7.72 8.08
Rank within category 13 15 16 16 15 14 13 8 1 3 --
Number of funds in category 18 19 19 19 19 19 18 12 12 12 11

As on 28-Sep-2020

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
4 star
Aug-05 6.15 7.20 7.75 0.73 999
HDFC Money Market Fund  | Invest Online
4 star
Nov-99 7.16 7.52 7.37 0.35 10,759
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 7.17 7.72 7.58 0.34 9,969
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 6.87 7.45 7.40 0.33 9,757
Nippon India Money Market Fund  | Invest Online
4 star
Jun-05 6.63 7.50 7.40 0.25 5,991

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 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 7.07 1.27 1.52 3.32 0.44 2.45
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Money Market 6.81 0.80 2.97 6.99 0.79 2.59
Rank within category 8 14 12 12 3 10
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 28 32 20 34
Modified Duration (yrs) 0.35 0.63 0.35 0.31
Average Maturity (yrs) 0.36 0.66 0.36 0.31
Yield to Maturity (%) 3.51 6.15 3.51 3.58
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 ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 8.97 7.43
equal Reserve Bank of India 364-D 18/03/2021 Treasury Bills SOV 0.00 - 7.37 7.37
equal Reliance Industries 364-D 02/03/2021 Commercial Paper A1+ 0.00 - 8.85 7.37
equal Larsen & Toubro 247-D 26/03/2021 Commercial Paper A1+ 0.00 - 7.36 7.36
equal Tata Power 91-D 07/09/2020 Commercial Paper A1+ 0.00 - 5.00 5.00
equal SIDBI 2021 Commercial Paper A1+ 0.00 - 5.96 4.94
equal Kotak Mahindra Bank 26/11/2020 Certificate of Deposit A1+ 0.00 - 4.98 4.47
equal Kotak Mahindra Prime 334-D 28/09/2020 Commercial Paper A1+ 0.00 - 3.01 2.50
equal Kotak Mahindra Bank 22/09/2020 Certificate of Deposit A1+ 2.09 - 7.24 2.50
equal SBI Cards & Payments Services 254-D 16/09/2020 Commercial Paper A1+ 0.00 - 3.02 2.50
equal Network 18 Media & Inv 91-D 16/10/2020 Commercial Paper A1+ 0.00 - 2.49 2.49
equal Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 6.00 2.48
equal HDFC 363-D 13/01/2021 Commercial Paper A1+ 0.00 - 2.95 2.47
equal Axis Bank 14/01/2021 Certificate of Deposit A1+ 0.00 - 2.97 2.47
equal SBI Cards & Payments Services 345-D 16/12/2020 Commercial Paper A1+ 0.00 - 2.96 2.47
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 2.73 2.46
equal National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 2.96 2.46
equal Export-Import Bank 218-D 04/03/2021 Commercial Paper A1+ 0.00 - 2.46 2.46
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 2.95 2.46
equal Axis Bank 2021 Certificate of Deposit A1+ 0.00 - 2.95 2.46
equal HDFC 363-D 10/02/2021 Commercial Paper A1+ 0.00 - 2.94 2.46
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 5.94 2.46
equal Reliance Jio Infocomm 364-D 02/02/2021 Commercial Paper A1+ 0.00 - 2.95 2.46
equal HDFC 317-D 10/03/2021 Commercial Paper A1+ 0.00 - 2.70 2.45
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 2.43 2.43

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-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:

— 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:


0.03%

Change from previous, NAV as on 28-Sep-2020

Growth: ₹ 20.4559

Dividend Weekly: ₹ 13.0085

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Dividend Monthly: ₹ 11.6055

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: 7.68%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 999 Cr (As on 31-Aug-2020)
Expense: 0.73% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.0007

 24-Sep-20200.0005
 23-Sep-20200.0008
 22-Sep-20200.0007
 21-Sep-20200.0025
 18-Sep-20200.0008
 17-Sep-20200.0016
 16-Sep-20200.0006
 15-Sep-20200.0008
 14-Sep-20200.0024
 11-Sep-20200.0003
 10-Sep-20200.0002
 09-Sep-20200.0001
 08-Sep-20200.0005
 07-Sep-20200.0025
 04-Sep-20200.0010
 03-Sep-20200.0008
 02-Sep-20200.0003
 01-Sep-20200.0022
 31-Aug-20200.0027
 28-Aug-20200.0008
 27-Aug-20200.0010
 26-Aug-20200.0001
 24-Aug-20200.0011
 21-Aug-20200.0010
Dividend Monthly25-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
 25-Feb-20190.0432
 25-Jan-20190.0432
 26-Dec-20180.0432
 26-Nov-20180.0432
 25-Oct-20180.0432
 25-Sep-20180.0432
Dividend Weekly21-Sep-20200.0065

 14-Sep-20200.0036
 07-Sep-20200.0054
 31-Aug-20200.0071
 24-Aug-20200.0065
 17-Aug-20200.0068
 10-Aug-20200.0045
 03-Aug-20200.0064
 27-Jul-20200.0233
 20-Jul-20200.0065
 13-Jul-20200.0134
 06-Jul-20200.0163
 29-Jun-20200.0062
 22-Jun-20200.0148
 15-Jun-20200.0210
 08-Jun-20200.0033
 26-May-20200.0387
 18-May-20200.0342
 11-May-20200.0198
 04-May-20200.0204
 27-Apr-20200.0038
 20-Apr-20200.0483
 07-Apr-20200.0207
 30-Mar-20200.1475
 09-Mar-20200.0204

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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