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L&T Money Market Fund download report

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Debt: Money Market

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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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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
L&T Money Market-G 1.90 0.04 0.09 0.33 1.04 1.59 3.13 4.84 5.62 6.48 7.24
CCIL T Bill Liquidity Weight 1.19 -0.02 0.07 0.20 0.64 1.04 1.99 2.59 3.27 3.63 4.21
Debt: Money Market 2.17 0.04 0.09 0.37 1.16 1.82 3.52 4.72 5.76 6.28 7.09
Rank within category 17 16 15 18 17 17 14 8 8 5 4
Number of funds in category 20 21 20 20 20 20 18 16 12 12 12

As on 08-Aug-2022

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 3.13 4.84 5.62 0.72 940
Kotak Money Market Fund Regular Plan  | Invest Online
4 star
 Jul-03 3.94 4.83 6.02 0.36 14,576
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
 Oct-05 3.90 5.15 6.28 0.33 13,395
HDFC Money Market Fund  | Invest Online
4 star
 Nov-99 3.81 5.08 6.12 0.41 12,325
Nippon India Money Market Fund  | Invest Online
5 star
 Jun-05 4.01 4.99 6.16 0.28 9,971

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 2.78 19-May-2021 - 19-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Money Market-G 4.79 1.32 0.99 4.29 1.74 2.86
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Money Market 4.61 0.70 1.71 4.25 1.33 2.31
Rank within category 7 16 13 10 15 1
Number of funds in category 16 16 16 16 16 16

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 27 31 20 47
Modified Duration (yrs) 0.34 0.56 0.18 0.33
Average Maturity (yrs) 0.36 0.58 0.19 0.34
Yield to Maturity (%) 6.01 6.01 3.68 5.90
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 Reliance Jio Infocomm 178-D 19/09/2022 Commercial Paper A1+ 0.00 - 5.80 5.28
new Axis Finance 151-D 10/10/2022 Commercial Paper A1+ 0.00 - 5.26 5.26
new NTPC 182-D 31/10/2022 Commercial Paper A1+ 0.00 - 5.24 5.24
equal Reserve Bank of India 182-D 15/12/2022 Treasury Bills SOV 0.00 - 5.72 5.21
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 5.71 5.20
new Reserve Bank of India 182-D 05/01/2023 Treasury Bills SOV 0.00 - 5.19 5.19
new Canara Bank 2023 Certificate of Deposit A1+ 0.00 - 5.17 5.17
equal Kotak Mahindra Bank 17/02/2023 Certificate of Deposit A1+ 0.00 - 5.65 5.14
equal SIDBI 22/02/2023 Certificate of Deposit A1+ 0.00 - 5.64 5.14
equal HDFC 357-D 03/03/2023 Commercial Paper A1+ 0.00 - 5.63 5.13
new Berger Paints India 49-D 16/09/2022 Commercial Paper A1+ 0.00 - 4.22 4.22
new Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 4.10 4.10
down Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 9.69 2.64
new Birla Group Holdings 61-D 28/09/2022 Commercial Paper A1+ 0.00 - 2.63 2.63
new Julius Baer Capital 81-D 03/10/2022 Commercial Paper A1+ 0.00 - 2.63 2.63
new SIDBI 182-D 31/10/2022 Commercial Paper A1+ 0.00 - 2.62 2.62
new HDFC Securities 91-D 21/10/2022 Commercial Paper A1+ 0.00 - 2.62 2.62
new ICICI Securities 88-D 21/10/2022 Commercial Paper A1+ 0.00 - 2.62 2.62
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.87 2.62
new HDFC 154-D 25/11/2022 Commercial Paper A1+ 0.00 - 2.61 2.61
new Reserve Bank of India 182-D 22/12/2022 Treasury Bills SOV 0.00 - 2.60 2.60
equal HDFC Bank 27/12/2022 Certificate of Deposit A1+ 0.00 - 2.85 2.60
new Reserve Bank of India 364-D 26/01/2023 Treasury Bills SOV 0.00 - 2.58 2.58
new Kotak Mahindra Bank 13/02/2023 Certificate of Deposit A1+ 0.00 - 2.57 2.57
down Export-Import Bank 17/03/2023 Certificate of Deposit A1+ 0.00 - 5.62 2.56

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-Jul-2022

Fund Manager

— 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:

— Mahesh A Chhabria since 25-Nov-2021

Education: Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.

Experience: He comes to L&T AMC from Fidelity where he has been for the last 3 years, was previously associated with Birla Sun Life AMCwith RSM & Co.

Funds Managed:

Invest Online
0.04%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 21.6379

IDCW Weekly: ₹ 13.0716

More

IDCW Monthly: ₹ 11.5036

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

Min. Investment (₹) 10,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. 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: 7.17%
Benchmark: NIFTY Money Market Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 940 Cr (As on 31-Jul-2022)
Expense Ratio: 0.72% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily08-Aug-20220.0030

 04-Aug-20220.0020
 03-Aug-20220.0012
 02-Aug-20220.0034
 01-Aug-20220.0069
 29-Jul-20220.0017
 28-Jul-20220.0005
 25-Jul-20220.0047
 22-Jul-20220.0010
 19-Jul-20220.0006
 18-Jul-20220.0031
 15-Jul-20220.0009
 14-Jul-20220.0007
 13-Jul-20220.0028
 12-Jul-20220.0008
 11-Jul-20220.0028
 08-Jul-20220.0002
 07-Jul-20220.0013
 06-Jul-20220.0037
 05-Jul-20220.0022
 04-Jul-20220.0060
 01-Jul-20220.0034
 30-Jun-20220.0029
 29-Jun-20220.0013
 28-Jun-20220.0003
IDCW Weekly08-Aug-20220.0074

 01-Aug-20220.0118
 25-Jul-20220.0069
 18-Jul-20220.0091
 11-Jul-20220.0097
 04-Jul-20220.0164
 27-Jun-20220.0119
 20-Jun-20220.0072
 13-Jun-20220.0140
 06-Jun-20220.0078
 30-May-20220.0075
 23-May-20220.0074
 17-May-20220.0015
 02-May-20220.0065
 25-Apr-20220.0096
 18-Apr-20220.0049
 04-Apr-20220.0141
 28-Mar-20220.0127
 21-Mar-20220.0104
 14-Mar-20220.0108
 07-Mar-20220.0012
 28-Feb-20220.0064
 21-Feb-20220.0074
 14-Feb-20220.0104
 08-Feb-20220.0053
IDCW Monthly25-Jul-20220.0300

 27-Jun-20220.0300
 25-May-20220.0300
 25-Apr-20220.0300
 25-Mar-20220.0300
 25-Feb-20220.0300
 25-Jan-20220.0300
 27-Dec-20210.0300
 25-Nov-20210.0300
 25-Oct-20210.0300
 27-Sep-20210.0300
 25-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

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

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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