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1 star

L&T Overnight Fund


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

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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(₹)
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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 2.23 0.01 0.06 0.25 0.76 1.54 3.01 3.93 4.54 5.30 6.38
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: Overnight 2.23 0.01 0.06 0.25 0.76 1.54 3.02 4.18 4.80 5.51 6.47
Rank within category 14 8 15 14 15 14 17 4 3 3 2
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

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 Overnight Fund  | Invest Online
1 star
Nov-06 3.01 3.93 4.54 0.20 1,626
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.01 -- -- 0.19 7,804
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.07 -- -- 0.15 6,778
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.04 4.31 4.91 0.12 5,884
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.03 -- -- 0.13 1,527

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.28 30-Mar-2007 - 08-Apr-2007 -0.10 09-Jul-2013 - 16-Jul-2013
Month 0.94 03-Oct-2008 - 03-Nov-2008 0.16 23-Mar-2020 - 22-Apr-2020
Quarter 2.59 04-Apr-2012 - 06-Jul-2012 0.65 23-Mar-2020 - 22-Jun-2020
Year 9.75 12-Aug-2011 - 13-Aug-2012 2.86 23-Mar-2020 - 23-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.92 0.31 -0.37 -2.23 0.50 0.21
CCIL T Bill Liquidity Weight 3.37 0.39 -1.71 -4.34 -- --
Debt: Overnight 4.18 0.38 0.33 1.71 0.63 0.55
Rank within category 4 1 4 4 1 4
Number of funds in category 4 4 4 4 4 4

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 -- -- -- 1
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.17 3.40 2.34 3.13
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2021

Fund Manager

— Jalpan Shah since 30-May-2016

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 03-Apr-2017

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: ₹ 1,551.9847

IDCW Weekly: ₹ 1,000.4588

More

IDCW Monthly: ₹ 1,009.5026

IDCW Daily: ₹ 1,023.3877


Investment Strategy

The scheme aims to deliver reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments. It may invest up to 100 per cent of its assets in derivatives for hedging and portfolio balancing purposes.

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 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Nov-2006
Return Since Launch: 6.61%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,626 Cr (As on 31-Aug-2021)
Expense: 0.20% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily24-Sep-20210.0877

 23-Sep-20210.0867
 22-Sep-20210.0866
 21-Sep-20210.0873
 20-Sep-20210.0863
 19-Sep-20210.1738
 17-Sep-20210.0868
 16-Sep-20210.0864
 15-Sep-20210.0843
 14-Sep-20210.0836
 13-Sep-20210.0838
 12-Sep-20210.2561
 09-Sep-20210.0853
 08-Sep-20210.0796
 07-Sep-20210.0806
 06-Sep-20210.0800
 05-Sep-20210.1624
 03-Sep-20210.0811
 02-Sep-20210.0802
 01-Sep-20210.0815
 31-Aug-20210.0821
 30-Aug-20210.0828
 29-Aug-20210.1645
 27-Aug-20210.0821
 26-Aug-20210.0816
IDCW Weekly20-Sep-20210.5884

 13-Sep-20210.5726
 06-Sep-20210.5551
 30-Aug-20210.5632
 23-Aug-20210.5581
 16-Aug-20210.5577
 09-Aug-20210.5717
 02-Aug-20210.5841
 26-Jul-20210.5894
 19-Jul-20210.5848
 12-Jul-20210.5869
 05-Jul-20210.5813
 28-Jun-20210.5859
 21-Jun-20210.5951
 14-Jun-20210.5847
 07-Jun-20210.5919
 31-May-20210.5979
 24-May-20210.6056
 17-May-20210.5954
 10-May-20210.6136
 03-May-20210.5898
 26-Apr-20210.5677
 19-Apr-20210.5826
 12-Apr-20210.5447
 05-Apr-20210.6059
IDCW Monthly25-Aug-20212.2000

 26-Jul-20212.2000
 25-Jun-20212.4000
 25-May-20212.0000
 26-Apr-20212.0000
 25-Mar-20212.0000
 25-Feb-20212.0000
 25-Jan-20212.0000
 28-Dec-20202.0000
 25-Nov-20202.0000
 26-Oct-20202.0000
 25-Sep-20202.0000
 25-Aug-20202.0000
 27-Jul-20202.0000
 25-Jun-20202.0000
 26-May-20202.0000
 27-Apr-20205.0000
 25-Mar-20203.6016
 25-Feb-20203.6016
 27-Jan-20203.6016
 26-Dec-20193.6016
 25-Nov-20193.6016
 25-Oct-20193.6016
 25-Sep-20193.6016
 26-Aug-20193.6016

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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