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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 2.38 0.01 0.06 0.25 0.75 1.44 3.46 4.74 5.29 6.07 6.92
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 3.35 3.97 4.18 4.62 4.76
Debt: Overnight 2.56 0.01 0.06 0.25 0.75 1.47 3.80 5.07 5.55 6.29 6.95
Rank within category 28 20 25 23 20 19 25 3 3 3 2
Number of funds in category 28 30 30 30 30 30 25 3 3 3 3

As on 28-Sep-2020

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 3.46 4.74 5.29 0.20 1,282
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.86 4.94 5.97 0.11 7,030
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.84 -- -- 0.19 3,980
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.96 -- -- 0.15 2,082
SBI Overnight Fund  | Invest Online
3 star
Oct-02 3.80 5.27 5.73 0.18 12,314

Best & Worst Performance

Best (Period) Worst (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) 3.47 (26-Sep-2019 - 25-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.70 0.28 -1.58 -2.07 0.26 -0.13
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Overnight 4.99 0.34 -0.47 -0.63 0.38 0.30
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-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 --
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.04 5.35 1.38 --
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-2020

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, 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 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 28-Sep-2020

Growth: ₹ 1,506.9974

Dividend Weekly: ₹ 1,000.0318

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Dividend Monthly: ₹ 1,002.7057

Dividend Daily: ₹ 1,023.3000


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
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Nov-2006
Return Since Launch: 6.88%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,282 Cr (As on 31-Aug-2020)
Expense: 0.20% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Sep-20200.1692

 25-Sep-20200.0846
 24-Sep-20200.0837
 23-Sep-20200.0846
 22-Sep-20200.0840
 21-Sep-20200.0845
 20-Sep-20200.1691
 18-Sep-20200.0845
 17-Sep-20200.0842
 16-Sep-20200.0839
 15-Sep-20200.0851
 14-Sep-20200.0843
 13-Sep-20200.1672
 11-Sep-20200.0836
 10-Sep-20200.0835
 09-Sep-20200.0828
 08-Sep-20200.0821
 07-Sep-20200.0827
 06-Sep-20200.1583
 04-Sep-20200.0791
 03-Sep-20200.0781
 02-Sep-20200.0781
 01-Sep-20200.0793
 31-Aug-20200.0791
 30-Aug-20200.1600
Dividend Monthly25-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
 25-Jul-20193.6016
 25-Jun-20193.6016
 27-May-20193.6016
 25-Apr-20193.6016
 25-Mar-20193.6016
 25-Feb-20193.6016
 25-Jan-20193.6016
 26-Dec-20183.6016
 26-Nov-20183.6016
 25-Oct-20183.6016
 25-Sep-20183.6016
Dividend Weekly21-Sep-20200.5785

 14-Sep-20200.5708
 07-Sep-20200.5436
 31-Aug-20200.5484
 24-Aug-20200.5640
 17-Aug-20200.5728
 10-Aug-20200.5712
 03-Aug-20200.5671
 27-Jul-20200.5681
 20-Jul-20200.5630
 13-Jul-20200.5614
 06-Jul-20200.5654
 29-Jun-20200.5108
 22-Jun-20200.5275
 15-Jun-20200.5451
 08-Jun-20200.5687
 01-Jun-20200.5478
 25-May-20200.5186
 18-May-20200.5219
 11-May-20200.6101
 04-May-20200.6092
 27-Apr-20200.5523
 20-Apr-20200.6118
 13-Apr-20200.5378
 06-Apr-20200.2737

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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