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L&T Liquid Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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 0.28 0.01 0.10 0.44 1.30 2.77 6.39 6.85 7.28 7.81 7.87
CCIL T Bill Liquidity Weight 0.17 -0.03 0.05 0.22 0.78 1.83 4.20 4.13 4.46 4.79 4.69
Debt: Liquid 0.28 0.01 0.10 0.42 1.24 2.69 6.21 6.53 7.04 7.63 7.75
Rank within category 20 16 9 20 12 21 21 16 13 16 17
Number of funds in category 42 42 42 42 42 42 41 36 35 34 28

As on 21-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.95 (06-Sep-2013 - 08-Oct-2013) 0.28 (04-Apr-2010 - 04-May-2010)
Quarter 2.67 (25-Jul-2013 - 24-Oct-2013) 0.94 (03-Feb-2010 - 05-May-2010)
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 6.68 0.21 4.57 7.18 0.31 1.47
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Liquid 6.38 0.50 3.90 6.47 0.51 1.50
Rank within category 15 23 17 13 11 22
Number of funds in category 36 36 36 34 36 36

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 45 114 42 53
Modified Duration (yrs) 0.14 0.16 0.07 0.10
Average Maturity (yrs) 0.14 0.17 0.07 0.10
Yield to Maturity (%) 5.25 7.21 5.25 5.28

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 91-D 19/03/2020 Treasury Bills SOV 0.00 - 8.10 8.10
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 7.59 7.59
equal Indian Oil Corp. 65-D 10/01/2020 Commercial Paper A1+ 0.00 - 5.11 5.11
new Reliance Retail Ltd. 45-D 17/01/2020 Commercial Paper A1+ 0.00 - 5.10 5.10
new Reserve Bank of India 91-D 26/03/2020 Treasury Bills SOV 0.00 - 5.06 5.06
new Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 4.82 4.82
new Reserve Bank of India 364-D 05/03/2020 Treasury Bills SOV 0.00 - 4.72 4.72
equal Reliance Jio Infocomm 60-D 17/01/2020 Commercial Paper A1+ 0.00 - 2.55 2.55
new Ultratech Cement 65-D 06/02/2020 Commercial Paper A1+ 0.00 - 2.54 2.54
new Vedanta 91-D 12/03/2020 Commercial Paper A1+ 0.00 - 2.53 2.53
new National Bank Agr. Rur. Devp 91-D 12/03/2020 Commercial Paper A1+ 0.00 - 2.53 2.53
new Aditya Birla Finance 82-D 11/03/2020 Commercial Paper A1+ 0.00 - 2.53 2.53
new Reliance Jio Infocomm 91-D 18/03/2020 Commercial Paper A1+ 0.00 - 2.53 2.53
equal Ultratech Cement 77-D 31/01/2020 Commercial Paper A1+ 0.00 - 2.29 2.29
equal ICICI Securities Primary Dealership 66-D 31/01/2020 Commercial Paper A1+ 0.00 - 2.04 2.04
equal Bajaj Housing Finance 91-D 05/02/2020 Commercial Paper A1+ 0.00 - 2.04 2.04
equal Manappuram Finance 90-D 27/01/2020 Commercial Paper A1+ 0.00 - 2.06 2.04
equal Reliance Industries 91-D 13/02/2020 Commercial Paper A1+ 0.00 - 2.03 2.03
new SBI Cards & Payments Services 211-D 11/03/2020 Commercial Paper A1+ 0.00 - 2.03 2.03
equal Reliance Industries 91-D 14/02/2020 Commercial Paper A1+ 0.00 - 2.03 2.03
equal Adani Ports and Special Economic Zone 90-D 25/02/2020 Commercial Paper A1+ 0.00 - 2.03 2.03
new Vedanta 91-D 13/03/2020 Commercial Paper A1+ 0.00 - 2.02 2.02
new Indian Oil Corp. 45-D 27/01/2020 Commercial Paper A1+ 0.00 - 1.78 1.78
equal ICICI Securities 61-D 28/01/2020 Commercial Paper A1+ 0.00 - 1.78 1.78
equal Muthoot Finance 91-D 03/02/2020 Commercial Paper A1+ 0.00 - 1.55 1.53

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-Dec-2019

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:


0.01%

Change from previous, NAV as on 21-Jan-2020

Growth: ₹ 2,679.9391

Dividend Weekly: ₹ 1,001.8408

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: 03-Oct-2006
Return Since Launch: 7.69%
Benchmark: NIFTY Liquid Fund TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 9,774 Cr (As on 31-Dec-2019)
Expense: 0.15% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily21-Jan-20200.1035

 20-Jan-20200.1089
 19-Jan-20200.2026
 17-Jan-20200.0964
 16-Jan-20200.1062
 15-Jan-20200.1033
 14-Jan-20200.0811
 13-Jan-20200.0591
 12-Jan-20200.2000
 10-Jan-20200.0721
 09-Jan-20200.0976
 08-Jan-20200.0920
 07-Jan-20200.0979
 06-Jan-20200.0921
 05-Jan-20200.1988
 03-Jan-20200.0876
 02-Jan-20200.1523
 01-Jan-20200.1176
 31-Dec-20190.0947
 30-Dec-20190.0961
 29-Dec-20190.1976
 27-Dec-20190.1157
 26-Dec-20190.0989
 25-Dec-20190.1038
 24-Dec-20190.0953
Dividend Weekly20-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
 25-Nov-20190.7433
 18-Nov-20190.7577
 11-Nov-20190.6715
 04-Nov-20190.7509
 28-Oct-20190.6939
 21-Oct-20190.7434
 14-Oct-20190.8047
 07-Oct-20190.8898
 30-Sep-20190.8318
 23-Sep-20190.6026
 16-Sep-20190.7594
 09-Sep-20190.7658
 02-Sep-20190.7526
 26-Aug-20190.7872
 19-Aug-20190.7528
 12-Aug-20190.8654
 05-Aug-20190.8689

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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