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L&T Liquid Fund

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Debt: Liquid

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1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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
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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 2.97 0.01 0.06 0.29 0.80 1.64 3.21 4.75 5.65 6.34 7.22
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 4.48
Debt: Liquid 2.93 0.01 0.06 0.29 0.79 1.60 3.17 4.62 5.49 6.18 7.10
Rank within category 24 32 22 21 14 22 24 17 14 13 15
Number of funds in category 41 42 42 42 42 42 41 38 35 34 33

As on 03-Dec-2021

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 3.21 4.75 5.65 0.20% 4,885
ICICI Prudential Liquid Fund  | Invest Now
4 star
 Nov-05 3.19 4.79 5.65 0.32% 35,561
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
 Mar-04 3.23 4.84 5.70 0.32% 29,710
UTI Liquid Cash Fund - Regular Plan  | Invest Online
4 star
 Dec-03 3.24 4.79 5.67 0.23% 25,609
Axis Liquid Fund
4 star
 Oct-09 3.25 4.82 5.71 0.26% 22,877

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 0.73 22-Oct-2020 - 21-Jan-2021
Year 9.83 12-Sep-2011 - 11-Sep-2012 3.16 26-Oct-2020 - 26-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.67 0.48 1.84 13.24 1.03 1.51
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Liquid 4.54 0.47 1.58 9.47 0.97 1.34
Rank within category 17 22 18 6 26 17
Number of funds in category 38 38 38 38 38 38

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 33 34 24 35
Modified Duration (yrs) 0.06 0.13 0.04 --
Average Maturity (yrs) 0.06 0.13 0.04 --
Yield to Maturity (%) 3.56 3.56 2.94 --
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 91-D 09/12/2021 Treasury Bills SOV 0.00 - 6.12 6.12
equal Reserve Bank of India 91-D 04/11/2021 Treasury Bills SOV 0.00 - 5.12 5.12
new Tata Steel 29-D 26/11/2021 Commercial Paper A1+ 0.00 - 5.11 5.11
down Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 4.44 4.29
new Aditya Birla Finance 8-D 10/11/2021 Commercial Paper A1+ 0.00 - 4.09 4.09
equal Reserve Bank of India 182-D 04/11/2021 Treasury Bills SOV 0.00 - 4.09 4.09
down 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 3.93 3.93
up Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 3.68 3.68
equal Export-Import Bank 182-D 20/12/2021 Certificate of Deposit A1+ 0.00 - 3.57 3.57
new Reserve Bank of India 364-D 04/11/2021 Treasury Bills SOV 0.00 - 3.38 3.38
equal Reserve Bank of India 91-D 11/11/2021 Treasury Bills SOV 0.00 - 3.07 3.07
equal Indian Oil Corporation 43-D 18/11/2021 Commercial Paper A1+ 0.00 - 3.07 3.07
equal Kotak Securities 77-D 10/12/2021 Commercial Paper A1+ 0.00 - 3.06 3.06
new Reliance Jio Infocomm 91-D 13/01/2022 Commercial Paper A1+ 0.00 - 3.05 3.05
new HDFC Securities 67-D 24/12/2021 Commercial Paper A1+ 0.00 - 3.05 3.05
down 8.79% GOI 2021 Central Government Loan SOV 0.00 - 7.15 2.88
new Indian Oil Corporation 37-D 10/12/2021 Commercial Paper A1+ 0.00 - 2.55 2.55
new Reliance Industries 82-D 28/12/2021 Commercial Paper A1+ 0.00 - 2.54 2.54
new Bajaj Finance 36-D 07/12/2021 Commercial Paper A1+ 0.00 - 2.04 2.04
new Jamnagar Utilities and Power 140-D 27/12/2021 Commercial Paper A1+ 0.00 - 2.04 2.04
equal Birla Group Holdings 89-D 17/11/2021 Commercial Paper A1+ 0.00 - 2.04 2.04
new National Bank Agr. Rur. Devp 89-D 25/01/2022 Commercial Paper A1+ 0.00 - 2.03 2.03
down 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 0.00 - 1.85 1.85
equal Berger Paints India 58-D 12/11/2021 Commercial Paper A1+ 0.00 - 1.53 1.53
down Kotak Securities 55-D 15/11/2021 Commercial Paper A1+ 0.00 - 2.22 1.53

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-Oct-2021

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 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 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 05-Dec-2021

Growth: ₹ 2,868.1339

IDCW Weekly: ₹ 1,003.2465

IDCW 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
Lock-in Period Not Applicable
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: 7.19%
Benchmark: NIFTY Liquid Fund Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,885 Cr (As on 31-Oct-2021)
Expense: 0.20% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.0899

 02-Dec-20210.0945
 01-Dec-20210.0866
 30-Nov-20210.0967
 29-Nov-20210.0892
 28-Nov-20210.1841
 26-Nov-20210.0851
 25-Nov-20210.0996
 24-Nov-20210.1358
 23-Nov-20210.0935
 22-Nov-20210.0567
 21-Nov-20210.2805
 18-Nov-20210.0931
 17-Nov-20210.0965
 16-Nov-20210.0875
 15-Nov-20210.0886
 14-Nov-20210.1899
 12-Nov-20210.0967
 11-Nov-20210.1201
 10-Nov-20210.1019
 09-Nov-20210.1170
 08-Nov-20210.1577
 07-Nov-20210.3986
 03-Nov-20210.1263
 02-Nov-20210.0919
IDCW Weekly29-Nov-20210.6813

 22-Nov-20210.6089
 15-Nov-20210.7080
 08-Nov-20210.7677
 01-Nov-20210.5969
 25-Oct-20210.5252
 18-Oct-20210.5217
 11-Oct-20210.6893
 04-Oct-20210.5999
 27-Sep-20210.5587
 20-Sep-20210.5757
 13-Sep-20210.5782
 06-Sep-20210.5886
 30-Aug-20210.6096
 23-Aug-20210.6303
 16-Aug-20210.6659
 09-Aug-20210.6138
 02-Aug-20210.6163
 26-Jul-20210.6390
 19-Jul-20210.6347
 12-Jul-20210.6128
 05-Jul-20210.6269
 28-Jun-20210.6755
 21-Jun-20210.5951
 14-Jun-20210.6199

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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