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:
|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|
|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 (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)|
|CCIL T Bill Liquidity Weight||4.16||0.26||-5.00||-9.29||--||--|
|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
|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||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|ICICI Bank 2020||Certificate of Deposit||A1+||0.00 - 8.12||6.70|
|Reserve Bank of India 91-D 28/05/2020||Treasury Bills||SOV||0.00 - 7.17||5.91|
|Reserve Bank of India 91-D 11/06/2020||Treasury Bills||SOV||0.00 - 6.34||5.23|
|Reserve Bank of India 91-D 25/06/2020||Treasury Bills||SOV||0.00 - 4.89||4.89|
|BPCL 90-D 29/07/2020||Commercial Paper||A1+||0.00 - 4.66||4.66|
|Axis Bank 27/05/2020||Certificate of Deposit||A1+||0.00 - 4.88||4.03|
|Reserve Bank of India 364-D 11/06/2020||Treasury Bills||SOV||0.00 - 4.03||4.03|
|Reliance Industries 91-D 11/05/2020||Commercial Paper||A1+||0.00 - 5.71||3.36|
|Reserve Bank of India 77-D||Treasury Bills||SOV||0.00 - 3.35||3.35|
|HDFC 84-D 15/06/2020||Commercial Paper||A1+||0.00 - 4.06||3.35|
|Axis Bank 15/06/2020||Certificate of Deposit||A1+||0.00 - 4.06||3.35|
|Reliance Jio Infocomm 91-D 22/06/2020||Commercial Paper||A1+||0.00 - 4.05||3.34|
|Indian Oil Corp. 79-D 08/07/2020||Commercial Paper||A1+||0.00 - 3.34||3.34|
|Bank of Baroda 2020||Certificate of Deposit||A1+||0.00 - 3.66||3.02|
|HDFC 362-D 20/05/2020||Commercial Paper||A1+||0.00 - 3.26||2.69|
|ICICI Securities Primary Dealership 72-D 06/05/2020||Commercial Paper||A1+||0.00 - 3.26||2.69|
|National Housing Bank 89-D 10/06/2020||Commercial Paper||A1+||0.00 - 3.25||2.68|
|National Bank Agr. Rur. Devp 90-D 10/06/2020||Commercial Paper||A1+||0.00 - 3.25||2.68|
|NTPC 91-D 23/06/2020||Commercial Paper||A1+||0.00 - 2.68||2.68|
|National Bank Agr. Rur. Devp 91-D 09/07/2020||Commercial Paper||A1+||0.00 - 2.67||2.67|
|Reliance Industries 85-D 17/07/2020||Commercial Paper||A1+||0.00 - 2.66||2.66|
|Muthoot Finance 91-D 08/05/2020||Commercial Paper||A1+||0.00 - 2.44||2.02|
|NTPC 90-D 20/05/2020||Commercial Paper||A1+||0.00 - 4.07||2.02|
|Indian Bank 2020||Certificate of Deposit||A1+||0.00 - 2.03||1.68|
|7.46% Power Finance Corp. 2020||Bonds||AAA||0.00 - 1.65||1.35|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Apr-2020
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.
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.
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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.
|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.
|Fund House:||L&T Mutual Fund|
|Return Since Launch:||7.64%|
|Benchmark:||NIFTY Liquid Fund TRI|
|Assets:||₹ 7,424 Cr (As on 30-Apr-2020)|
|Expense:||0.20% (As on 30-Apr-2020)|
|Plan||Record Date||Dividend (₹ / Unit)|
AMC: L&T Investment Management Ltd
Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098
Phone: 022-66554000 / 1800-2000-400
Email: [email protected]
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
Email: [email protected]