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L&T Liquid Fund

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Debt: Liquid

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1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable 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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(₹)
cal
cal

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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 3.65 0.01 0.06 0.27 0.80 1.77 4.61 6.25 6.65 7.28 7.84
CCIL T Bill Liquidity Weight 2.75 0.01 0.07 0.25 0.62 1.30 3.29 3.95 4.14 4.57 4.76
Debt: Liquid 3.46 0.01 0.06 0.28 0.82 1.74 4.38 5.98 6.40 7.09 7.67
Rank within category 12 25 21 23 23 20 12 14 12 13 15
Number of funds in category 40 40 40 40 40 40 40 36 35 34 31

As on 27-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Liquid Fund  | Invest Online
3 star
 Oct-00 4.61 6.25 6.65 0.20 7,227
ICICI Prudential Liquid Fund  | Invest Now
4 star
 Nov-05 4.68 6.28 6.67 0.32 44,170
Aditya Birla Sun Life Liquid Fund  | Invest Online
5 star
 Mar-04 4.71 6.33 6.71 0.31 32,611
Nippon India Liquid Fund  | Invest Online
5 star
 Dec-03 4.67 6.33 6.70 0.30 24,930
Axis Liquid Fund
4 star
 Oct-09 4.69 6.32 6.70 0.25 24,817

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.63 (24-Mar-2020 - 31-Mar-2020) -0.29 (17-Mar-2020 - 24-Mar-2020)
Month 1.00 (24-Mar-2020 - 23-Apr-2020) 0.05 (23-Feb-2020 - 24-Mar-2020)
Quarter 2.67 (25-Jul-2013 - 24-Oct-2013) 0.78 (25-Jun-2020 - 24-Sep-2020)
Year 9.83 (12-Sep-2011 - 11-Sep-2012) 4.11 (06-Jul-2009 - 06-Jul-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.17 0.39 2.82 3.82 0.75 1.97
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Liquid 5.91 0.56 2.34 3.12 0.78 1.75
Rank within category 13 21 13 8 18 14
Number of funds in category 36 36 36 35 36 36

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 52 22 36
Modified Duration (yrs) 0.09 0.15 0.07 0.10
Average Maturity (yrs) 0.10 0.16 0.07 0.09
Yield to Maturity (%) 3.34 5.43 3.27 3.38
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
up Reserve Bank of India 182-D 12/11/2020 Treasury Bills SOV 0.00 - 13.79 13.79
up Reserve Bank of India 91-D 26/11/2020 Treasury Bills SOV 0.00 - 9.64 9.64
new Reserve Bank of India 182-D 29/10/2020 Treasury Bills SOV 0.00 - 6.90 6.90
new Reserve Bank of India 182-D 26/11/2020 Treasury Bills SOV 0.00 - 6.20 6.20
new Reserve Bank of India 91-D 03/12/2020 Treasury Bills SOV 0.00 - 6.19 6.19
equal Reserve Bank of India 91-D 22/10/2020 Treasury Bills SOV 0.00 - 5.87 5.87
equal Reserve Bank of India 91-D 05/11/2020 Treasury Bills SOV 0.00 - 5.52 5.52
equal Reliance Industries 91-D 23/10/2020 Commercial Paper A1+ 0.00 - 3.45 3.45
equal National Bank Agr. Rur. Devp 89-D 10/11/2020 Commercial Paper A1+ 0.00 - 3.45 3.45
equal Reserve Bank of India 91-D 29/10/2020 Treasury Bills SOV 0.00 - 3.29 3.11
new National Bank Agr. Rur. Devp 90-D 28/12/2020 Commercial Paper A1+ 0.00 - 2.75 2.75
new ICICI Securities 78-D 27/11/2020 Commercial Paper A1+ 0.00 - 2.75 2.75
new Indian Oil Corp. 77-D 23/11/2020 Commercial Paper A1+ 0.00 - 2.75 2.75
new Reserve Bank of India 182-D 03/12/2020 Treasury Bills SOV 0.00 - 2.75 2.75
new Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 1.93 1.93
equal Reliance Industries 91-D 03/11/2020 Commercial Paper A1+ 0.00 - 1.38 1.38
equal Reliance Industries 91-D 02/11/2020 Commercial Paper A1+ 0.00 - 1.38 1.38
new 8.95% Reliance Jio Infocomm 2020 Debenture AAA 0.00 - 1.05 1.05
new Tata Power Renewable Energy 87-D 11/12/2020 Commercial Paper A1+ 0.00 - 0.69 0.69
equal Network 18 Media & Inv 91-D 16/10/2020 Commercial Paper A1+ 0.00 - 0.69 0.69
new 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 0.37 0.37
equal TV18 Broadcast 91-D 19/10/2020 Commercial Paper A1+ 0.00 - 0.35 0.35

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 30-Sep-2020

Fund Manager

— Jalpan Shah since 30-Jun-2014

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 24-Nov-2012

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:

Invest Online
0.01%

Change from previous, NAV as on 27-Oct-2020

Growth: ₹ 2,769.9407

Dividend Weekly: ₹ 1,002.7654

Dividend Daily: ₹ 1,011.7794

Investment Strategy

The fund seeks to generate reasonable returns while maintaining safety and providing the investor superior liquidity, investing predominately in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Oct-2000
Return Since Launch: 7.51%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 7,227 Cr (As on 30-Sep-2020)
Expense: 0.20% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Oct-20200.0655

 26-Oct-20200.0746
 25-Oct-20200.1732
 23-Oct-20200.0765
 22-Oct-20200.0757
 21-Oct-20200.0982
 20-Oct-20200.0984
 19-Oct-20200.0855
 18-Oct-20200.1662
 16-Oct-20200.0995
 15-Oct-20200.0964
 14-Oct-20200.1103
 13-Oct-20200.1088
 12-Oct-20200.0742
 11-Oct-20200.1743
 09-Oct-20200.0961
 08-Oct-20200.0802
 07-Oct-20200.0983
 06-Oct-20200.0879
 05-Oct-20200.0846
 04-Oct-20200.2656
 01-Oct-20200.0742
 30-Sep-20200.1673
 29-Sep-20200.1061
 28-Sep-20200.1114
Dividend Weekly26-Oct-20200.5915

 19-Oct-20200.6610
 12-Oct-20200.6060
 05-Oct-20200.6919
 28-Sep-20200.6521
 21-Sep-20200.5961
 14-Sep-20200.4731
 07-Sep-20200.6034
 31-Aug-20200.5504
 24-Aug-20200.6290
 17-Aug-20200.6902
 10-Aug-20200.6242
 03-Aug-20200.5994
 27-Jul-20200.6152
 20-Jul-20200.5722
 13-Jul-20200.6229
 06-Jul-20200.6466
 29-Jun-20200.7378
 22-Jun-20200.7687
 15-Jun-20200.9267
 08-Jun-20200.5603
 01-Jun-20200.5289
 25-May-20200.8951
 18-May-20201.1687
 11-May-20200.9790

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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