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L&T Liquid Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Liquid funds invest in bonds having maturity of up to 3 months. They are suitable to park the amount that you have set aside to meet any emergency needs or any surplus money that you don't need for the next few months to an 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 are suitable only to invest for a short time frame of up to one year. Do not invest in this, or any other Liquid fund, 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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
Fund 2.19 0.02 0.10 0.38 1.44 2.75 5.87 6.74 7.07 7.65 7.93
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 4.36 4.26 4.43 4.75 4.78
Debt: Liquid 1.99 0.02 0.09 0.36 1.27 2.52 5.57 6.46 6.81 7.46 7.80
Rank within category 11 15 20 21 11 11 18 14 14 12 15
Number of funds in category 42 42 42 42 42 42 42 36 35 34 29

As on 22-May-2020

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 6.58 0.25 4.46 6.34 0.27 1.46
CCIL T Bill Liquidity Weight 4.16 0.26 -5.00 -9.29 -- --
Debt: Liquid 6.32 0.46 3.69 5.40 0.39 1.36
Rank within category 11 19 13 15 18 15
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-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 40 96 37 48
Modified Duration (yrs) 0.11 0.15 0.07 --
Average Maturity (yrs) 0.12 0.16 0.07 --
Yield to Maturity (%) 4.34 6.79 4.34 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal ICICI Bank 2020 Certificate of Deposit A1+ 0.00 - 8.12 6.70
equal Reserve Bank of India 91-D 28/05/2020 Treasury Bills SOV 0.00 - 7.17 5.91
equal Reserve Bank of India 91-D 11/06/2020 Treasury Bills SOV 0.00 - 6.34 5.23
up Reserve Bank of India 91-D 25/06/2020 Treasury Bills SOV 0.00 - 4.89 4.89
new BPCL 90-D 29/07/2020 Commercial Paper A1+ 0.00 - 4.66 4.66
equal Axis Bank 27/05/2020 Certificate of Deposit A1+ 0.00 - 4.88 4.03
new Reserve Bank of India 364-D 11/06/2020 Treasury Bills SOV 0.00 - 4.03 4.03
down Reliance Industries 91-D 11/05/2020 Commercial Paper A1+ 0.00 - 5.71 3.36
new Reserve Bank of India 77-D Treasury Bills SOV 0.00 - 3.35 3.35
equal HDFC 84-D 15/06/2020 Commercial Paper A1+ 0.00 - 4.06 3.35
equal Axis Bank 15/06/2020 Certificate of Deposit A1+ 0.00 - 4.06 3.35
equal Reliance Jio Infocomm 91-D 22/06/2020 Commercial Paper A1+ 0.00 - 4.05 3.34
new Indian Oil Corp. 79-D 08/07/2020 Commercial Paper A1+ 0.00 - 3.34 3.34
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 3.66 3.02
equal HDFC 362-D 20/05/2020 Commercial Paper A1+ 0.00 - 3.26 2.69
equal ICICI Securities Primary Dealership 72-D 06/05/2020 Commercial Paper A1+ 0.00 - 3.26 2.69
equal National Housing Bank 89-D 10/06/2020 Commercial Paper A1+ 0.00 - 3.25 2.68
equal National Bank Agr. Rur. Devp 90-D 10/06/2020 Commercial Paper A1+ 0.00 - 3.25 2.68
new NTPC 91-D 23/06/2020 Commercial Paper A1+ 0.00 - 2.68 2.68
new National Bank Agr. Rur. Devp 91-D 09/07/2020 Commercial Paper A1+ 0.00 - 2.67 2.67
new Reliance Industries 85-D 17/07/2020 Commercial Paper A1+ 0.00 - 2.66 2.66
equal Muthoot Finance 91-D 08/05/2020 Commercial Paper A1+ 0.00 - 2.44 2.02
down NTPC 90-D 20/05/2020 Commercial Paper A1+ 0.00 - 4.07 2.02
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 2.03 1.68
equal 7.46% Power Finance Corp. 2020 Bonds AAA 0.00 - 1.65 1.35

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-Apr-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:


--

Change from previous, NAV as on 25-May-2020

Growth: ₹ 2,731.5103

Dividend Weekly: ₹ 1,002.7005

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: 7.64%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 7,424 Cr (As on 30-Apr-2020)
Expense: 0.20% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-May-20200.2687

 22-May-20200.2243
 21-May-20200.1399
 20-May-20200.1439
 19-May-20200.1261
 18-May-20200.1486
 17-May-20200.1965
 15-May-20200.1726
 14-May-20200.2331
 13-May-20200.2038
 12-May-20200.2241
 11-May-20200.1584
 10-May-20200.2182
 08-May-20200.1482
 07-May-20200.1088
 06-May-20200.1907
 05-May-20200.1632
 04-May-20200.1042
 03-May-20200.3405
 30-Apr-20200.0266
 29-Apr-20200.0361
 27-Apr-20200.0695
 26-Apr-20200.2207
 24-Apr-20200.1049
 23-Apr-20200.1842
Dividend Weekly25-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
 03-Feb-20200.6987
 27-Jan-20200.6928
 20-Jan-20200.6919
 13-Jan-20200.6128
 06-Jan-20200.7360
 30-Dec-20190.7006
 23-Dec-20190.7014
 16-Dec-20190.7273
 09-Dec-20190.6774
 02-Dec-20190.7617

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: 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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