VR Logo

3 star

L&T Liquid Fund


Debt: Liquid

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.32 0.01 0.06 0.26 0.81 1.62 3.19 5.03 5.79 6.49 7.34
CCIL T Bill Liquidity Weight 1.54 0.03 0.04 0.20 0.62 1.10 2.20 3.43 3.66 4.10 4.54
Debt: Liquid 2.29 0.01 0.05 0.25 0.79 1.59 3.13 4.91 5.62 6.33 7.21
Rank within category 25 25 7 19 27 25 20 18 14 13 15
Number of funds in category 41 42 42 42 42 41 41 37 35 34 32

As on 24-Sep-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 3.19 5.03 5.79 0.21 5,487
ICICI Prudential Liquid Fund  | Invest Now
4 star
Nov-05 3.18 5.07 5.80 0.32 41,512
Aditya Birla Sun Life Liquid Fund  | Invest Online
4 star
Mar-04 3.19 5.12 5.84 0.32 32,671
Axis Liquid Fund
4 star
Oct-09 3.22 5.10 5.85 0.25 26,753
Nippon India Liquid Fund  | Invest Online
4 star
Dec-03 3.16 5.11 5.83 0.32 24,715

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 02-Jul-2020 - 02-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.01 0.51 1.93 5.00 1.07 1.68
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Liquid 4.79 0.65 1.62 5.20 1.03 1.44
Rank within category 18 18 16 25 24 17
Number of funds in category 37 37 37 36 37 37

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

As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 33 22 37
Modified Duration (yrs) 0.04 0.13 0.04 0.08
Average Maturity (yrs) 0.04 0.13 0.04 0.08
Yield to Maturity (%) 3.18 3.55 2.94 3.27
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Reserve Bank of India 364-D 02/09/2021 Treasury Bills SOV 0.00 - 13.67 13.67
new Reserve Bank of India 364-D 09/09/2021 Treasury Bills SOV 0.00 - 9.11 9.11
equal Reserve Bank of India 91-D 02/09/2021 Treasury Bills SOV 0.00 - 6.83 6.83
equal Reserve Bank of India 91-D 23/09/2021 Treasury Bills SOV 0.00 - 6.37 6.37
new Reserve Bank of India 364-D 23/09/2021 Treasury Bills SOV 0.00 - 5.91 5.91
equal National Bank Agr. Rur. Devp 90-D 02/09/2021 Commercial Paper A1+ 0.00 - 5.47 5.47
new Indian Oil Corporation 17-D 17/09/2021 Commercial Paper A1+ 0.00 - 5.46 5.46
new Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 4.54 4.54
new Kotak Mahindra Investments 23-D 09/09/2021 Commercial Paper A1+ 0.00 - 3.64 3.64
equal Reserve Bank of India 91-D 30/09/2021 Treasury Bills SOV 0.00 - 3.64 3.64
equal Reserve Bank of India 182-D 10/09/2021 Treasury Bills SOV 0.00 - 3.64 3.64
new 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.93 2.93
equal Kotak Securities 91-D 27/09/2021 Bills Rediscounting A1+ 0.00 - 2.73 2.73
equal Reliance Jio Infocomm 91-D 06/09/2021 Commercial Paper A1+ 0.00 - 2.73 2.73
equal ICICI Securities 87-D 03/09/2021 Commercial Paper A1+ 0.00 - 1.82 1.82
equal ICICI Securities 91-D 24/09/2021 Commercial Paper A1+ 0.00 - 1.82 1.82
new LIC Housing Fin. 209-D 08/09/2021 Commercial Paper A1+ 0.00 - 1.82 1.82
equal HDFC Securities 89-D 20/09/2021 Commercial Paper A1+ 0.00 - 1.82 1.82
new Reliance Industries 91-D 22/09/2021 Commercial Paper A1+ 0.00 - 1.82 1.82
equal Reserve Bank of India 91-D 16/09/2021 Treasury Bills SOV 0.00 - 1.82 1.82
new Birla Group Holdings 89-D 17/11/2021 Commercial Paper A1+ 0.00 - 1.81 1.81
equal Reliance Industries Ltd - Partly Paid Equity 91-D 23/09/2021 Commercial Paper A1+ 0.00 - 1.36 1.36
equal HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 1.36 1.36
equal Berger Paints India 69-D 22/09/2021 Commercial Paper A1+ 0.00 - 0.91 0.91

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-Aug-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:


0.01%

Change from previous, NAV as on 25-Sep-2021

Growth: ₹ 2,849.8705

IDCW Weekly: ₹ 1,003.0971

IDCW Daily: ₹ 1,011.8662


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: 7.24%
Benchmark: NIFTY Liquid Fund Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 5,487 Cr (As on 31-Aug-2021)
Expense: 0.21% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily24-Sep-20210.0710

 23-Sep-20210.0840
 22-Sep-20210.0820
 21-Sep-20210.0766
 20-Sep-20210.0832
 19-Sep-20210.1808
 17-Sep-20210.0671
 16-Sep-20210.0864
 15-Sep-20210.0799
 14-Sep-20210.0835
 13-Sep-20210.0872
 12-Sep-20210.2512
 09-Sep-20210.0741
 08-Sep-20210.0911
 07-Sep-20210.0797
 06-Sep-20210.0849
 05-Sep-20210.1688
 03-Sep-20210.0713
 02-Sep-20210.0860
 01-Sep-20210.0903
 31-Aug-20210.0923
 30-Aug-20210.0798
 29-Aug-20210.1637
 27-Aug-20210.1093
 26-Aug-20210.0871
IDCW Weekly20-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
 07-Jun-20210.6232
 31-May-20210.6310
 24-May-20210.5952
 17-May-20210.6032
 10-May-20210.5440
 03-May-20210.5616
 26-Apr-20210.6265
 19-Apr-20210.5938
 12-Apr-20210.5554
 05-Apr-20210.7085

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

Upcoming Video

Viewpoint

The Case for ESG Investing

DateThursday, 30-Sep-2021
Time04:00 PM - 04:30 PM