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L&T Liquid Fund

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Debt: Liquid

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 2.92 0.01 0.06 0.27 0.95 2.39 5.16 6.50 6.86 7.53 7.91
CCIL T Bill Liquidity Weight 2.23 0.03 0.05 0.20 0.67 1.81 3.70 4.08 4.26 4.78 4.78
Debt: Liquid 2.69 0.01 0.06 0.27 0.89 2.17 4.86 6.22 6.61 7.33 7.74
Rank within category 12 34 19 16 16 12 13 13 13 11 13
Number of funds in category 42 42 42 42 42 42 42 36 35 34 31

As on 07-Aug-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 5.16 6.50 6.86 0.20 7,906
ICICI Prudential Liquid Fund  | Invest Now
4 star
 Nov-05 5.24 6.52 6.87 0.32 57,335
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
 Mar-04 5.28 6.58 6.92 0.30 36,679
Nippon India Liquid Fund  | Invest Online
5 star
 Dec-03 5.25 6.58 6.91 0.28 30,604
Axis Liquid Fund  | Invest Online
4 star
 Oct-09 5.24 6.57 6.91 0.22 29,515

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) 0.90 (24-Dec-2019 - 24-Mar-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 6.34 0.33 3.39 4.37 0.57 1.80
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Liquid 6.07 0.50 2.77 3.47 0.65 1.62
Rank within category 13 19 13 13 16 17
Number of funds in category 36 36 36 36 36 36

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 34 58 34 44
Modified Duration (yrs) 0.12 0.15 0.07 --
Average Maturity (yrs) 0.14 0.16 0.07 --
Yield to Maturity (%) 3.43 6.02 3.43 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 21.66 21.66
equal Export-Import Bank 91-D 13/08/2020 Commercial Paper A1+ 0.00 - 5.04 5.04
equal BPCL 90-D 29/07/2020 Commercial Paper A1+ 0.00 - 4.66 4.42
new National Bank Agr. Rur. Devp 170-D 31/07/2020 Commercial Paper A1+ 0.00 - 3.78 3.78
new Reserve Bank of India 91-D 17/09/2020 Treasury Bills SOV 0.00 - 3.77 3.77
new Tata Power 91-D 07/09/2020 Commercial Paper A1+ 0.00 - 3.76 3.76
equal Indian Oil Corp. 79-D 08/07/2020 Commercial Paper A1+ 0.00 - 3.34 3.16
new Reserve Bank of India 91-D 30/07/2020 Treasury Bills SOV 0.00 - 3.15 3.15
new Reserve Bank of India 182-D 06/08/2020 Treasury Bills SOV 0.00 - 3.15 3.15
new Reserve Bank of India 182-D 20/08/2020 Treasury Bills SOV 0.00 - 3.15 3.15
equal Bharti Telecom 91-D 20/08/2020 Commercial Paper A1+ 0.00 - 3.14 3.14
equal National Bank Agr. Rur. Devp 91-D 09/07/2020 Commercial Paper A1+ 0.00 - 2.67 2.53
equal Reliance Industries 85-D 17/07/2020 Commercial Paper A1+ 0.00 - 2.66 2.53
equal Reliance Industries 91-D 18/08/2020 Commercial Paper A1+ 0.00 - 2.52 2.52
new HDFC 364-D 05/08/2020 Commercial Paper A1+ 0.00 - 2.52 2.52
new National Housing Bank 88-D 11/09/2020 Commercial Paper A1+ 0.00 - 2.51 2.51
new Reliance Jio Infocomm 91-D 21/09/2020 Commercial Paper A1+ 0.00 - 2.51 2.51
new NTPC 91-D 09/09/2020 Commercial Paper A1+ 0.00 - 2.51 2.51
new Reserve Bank of India 91-D 23/07/2020 Treasury Bills SOV 0.00 - 1.89 1.89
new Tata Power Renewable Energy 91-D 04/09/2020 Commercial Paper A1+ 0.00 - 1.88 1.88
new Reliance Jio Infocomm 90-D 22/09/2020 Commercial Paper A1+ 0.00 - 1.88 1.88
new Indian Oil Corp. 66-D 10/08/2020 Commercial Paper A1+ 0.00 - 1.58 1.58
new HDB Financial Services 31/07/2020 Debenture AAA 0.00 - 1.51 1.51
equal ONGC 91-D 14/08/2020 Commercial Paper A1+ 0.00 - 1.26 1.26
new ICICI Securities 83-D 10/09/2020 Commercial Paper A1+ 0.00 - 1.26 1.26

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-Jun-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
--

Change from previous, NAV as on 09-Aug-2020

Growth: ₹ 2,750.9571

Dividend Weekly: ₹ 1,003.2371

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: 7.58%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 7,906 Cr (As on 30-Jun-2020)
Expense: 0.20% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Aug-20200.0635

 06-Aug-20200.0956
 05-Aug-20200.1063
 04-Aug-20200.0959
 03-Aug-20200.0914
 02-Aug-20200.1802
 31-Jul-20200.0914
 30-Jul-20200.0955
 29-Jul-20200.0854
 28-Jul-20200.0606
 27-Jul-20200.0764
 26-Jul-20200.1792
 24-Jul-20200.0842
 23-Jul-20200.0879
 22-Jul-20200.1049
 21-Jul-20200.0879
 20-Jul-20200.0590
 19-Jul-20200.1782
 17-Jul-20200.0912
 16-Jul-20200.0442
 15-Jul-20200.1199
 14-Jul-20200.0847
 13-Jul-20200.0842
 12-Jul-20200.1832
 10-Jul-20200.0676
Dividend Weekly03-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
 04-May-20200.5029
 27-Apr-20200.9347
 20-Apr-20201.1084
 13-Apr-20200.8054
 06-Apr-20201.0456
 30-Mar-20201.9126
 16-Mar-20200.6005
 09-Mar-20201.0553
 02-Mar-20200.6432
 24-Feb-20200.6895
 17-Feb-20200.7523
 10-Feb-20200.7440

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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