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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
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 0.90 0.01 0.06 0.29 0.80 1.54 3.44 5.64 6.18 6.86 7.60
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 4.65
Debt: Liquid 0.89 0.01 0.06 0.28 0.79 1.51 3.32 5.40 6.00 6.69 7.47
Rank within category 25 26 26 21 18 14 18 16 12 14 15
Number of funds in category 41 41 41 41 41 41 41 36 34 34 30

As on 16-Apr-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 3.44 5.64 6.18 0.20 6,766
ICICI Prudential Liquid Fund  | Invest Now
4 star
 Nov-05 3.51 5.67 6.19 0.32 37,777
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
 Mar-04 3.55 5.71 6.23 0.33 27,433
Nippon India Liquid Fund  | Invest Online
4 star
 Dec-03 3.53 5.71 6.23 0.32 23,219
Axis Liquid Fund
4 star
 Oct-09 3.49 5.70 6.23 0.25 21,568

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 3.44 16-Apr-2020 - 16-Apr-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.56 0.50 2.18 3.81 1.01 1.97
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Liquid 5.33 0.65 1.85 3.38 1.00 1.74
Rank within category 17 20 16 16 22 16
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 31-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 33 40 22 36
Modified Duration (yrs) 0.12 0.12 0.08 0.11
Average Maturity (yrs) 0.12 0.14 0.08 0.11
Yield to Maturity (%) 3.32 4.34 2.94 3.35
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 27/05/2021 Treasury Bills SOV 0.00 - 7.35 7.35
equal National Bank Agr. Rur. Devp 87-D 30/04/2021 Commercial Paper A1+ 0.00 - 7.22 7.22
equal Reserve Bank of India 364-D 22/04/2021 Treasury Bills SOV 0.00 - 4.43 4.43
equal Tata Power 60-D 16/04/2021 Commercial Paper A1+ 0.00 - 4.43 4.43
new Reserve Bank of India 91-D 03/06/2021 Treasury Bills SOV 0.00 - 4.41 4.41
new Power Grid Corporation 75-D 19/05/2021 Commercial Paper A1+ 0.00 - 4.41 4.41
equal Reserve Bank of India 182-D 29/04/2021 Treasury Bills SOV 0.00 - 4.28 4.28
equal Reserve Bank of India 364-D 29/04/2021 Treasury Bills SOV 0.00 - 3.69 3.69
equal Reliance Industries 90-D 22/04/2021 Commercial Paper A1+ 0.00 - 3.69 3.69
equal Reserve Bank of India 364-D 13/05/2021 Treasury Bills SOV 0.00 - 3.68 3.68
equal Reserve Bank of India 91-D 06/05/2021 Treasury Bills SOV 0.00 - 3.68 3.68
new Bank of Baroda 22/06/2021 Certificate of Deposit A1+ 0.00 - 3.67 3.67
new Axis Bank 28/05/2021 Certificate of Deposit A1+ 0.00 - 3.31 3.31
equal Reliance Industries Ltd - Partly Paid Equity 90-D 27/04/2021 Commercial Paper A1+ 0.00 - 2.95 2.95
new Reserve Bank of India 91-D 29/04/2021 Treasury Bills SOV 0.00 - 2.95 2.95
new Indian Oil Corp. 45-D 22/04/2021 Commercial Paper A1+ 0.00 - 2.95 2.95
equal Jamnagar Utilities and Power 91-D 24/05/2021 Commercial Paper A1+ 0.00 - 2.94 2.94
new SIDBI 69-D 24/05/2021 Commercial Paper A1+ 0.00 - 2.94 2.94
new Export-Import Bank 91-D 22/06/2021 Certificate of Deposit A1+ 0.00 - 2.93 2.93
new Reserve Bank of India 364-D 10/06/2021 Treasury Bills SOV 0.00 - 2.50 2.50
equal ICICI Securities 64-D 04/05/2021 Commercial Paper A1+ 0.00 - 2.21 2.21
equal Export-Import Bank 90-D 27/04/2021 Commercial Paper A1+ 0.00 - 2.21 2.21
new NTPC 91-D 08/06/2021 Commercial Paper A1+ 0.00 - 2.20 2.20
new Reserve Bank of India 364-D 03/06/2021 Treasury Bills SOV 0.00 - 2.20 2.20
down Indian Oil Corp. 69-D 15/04/2021 Commercial Paper A1+ 0.00 - 2.79 1.85

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-Mar-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 16-Apr-2021

Growth: ₹ 2,810.0150

IDCW Weekly: ₹ 1,003.0334

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: 7.36%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 6,766 Cr (As on 31-Mar-2021)
Expense: 0.20% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily16-Apr-20210.0803

 15-Apr-20210.0812
 14-Apr-20210.1744
 12-Apr-20210.0787
 11-Apr-20210.1722
 09-Apr-20210.0672
 08-Apr-20210.0691
 07-Apr-20210.0729
 06-Apr-20210.1002
 05-Apr-20210.1257
 04-Apr-20210.3436
 31-Mar-20210.1164
 30-Mar-20210.1290
 29-Mar-20210.2725
 26-Mar-20210.1027
 25-Mar-20210.0880
 24-Mar-20210.1089
 23-Mar-20210.1327
 22-Mar-20210.0858
 21-Mar-20210.1875
 19-Mar-20210.1244
 18-Mar-20210.1013
 17-Mar-20210.0981
 16-Mar-20210.0882
 15-Mar-20210.0693
IDCW Weekly12-Apr-20210.5554

 05-Apr-20210.7085
 29-Mar-20210.6986
 22-Mar-20210.6792
 15-Mar-20210.6142
 08-Mar-20210.4759
 01-Mar-20210.5243
 22-Feb-20210.6683
 15-Feb-20210.6236
 08-Feb-20210.6075
 01-Feb-20210.6857
 25-Jan-20210.5736
 18-Jan-20210.5814
 11-Jan-20210.2985
 04-Jan-20210.6750
 28-Dec-20200.6100
 21-Dec-20200.5510
 14-Dec-20200.5083
 07-Dec-20200.4422
 30-Nov-20200.6053
 23-Nov-20200.6361
 16-Nov-20200.6313
 09-Nov-20200.6180
 02-Nov-20200.5636
 26-Oct-20200.5915

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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