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2 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 2.87 0.01 0.06 0.26 0.78 1.55 3.08 3.78 4.43 5.17 6.26
CCIL T Bill Liquidity Weight 1.87 -0.01 0.04 0.16 0.43 1.05 2.00 3.20 3.53 3.98 4.47
Debt: Overnight 2.87 0.01 0.06 0.27 0.78 1.55 3.08 4.01 4.68 5.37 6.35
Rank within category 14 5 10 25 19 17 16 6 3 3 2
Number of funds in category 30 30 30 30 30 30 30 6 3 3 3

As on 06-Dec-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
2 star
Nov-06 3.08 3.78 4.43 0.20% 1,923
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.13 -- -- 0.12% 8,428
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.11 4.10 4.49 0.12% 6,655
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.09 -- -- 0.14% 1,926
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.10 -- -- 0.16% 1,058

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 3.73 0.29 -0.21 -1.17 0.47 0.22
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight 3.95 0.36 0.44 2.24 0.60 0.53
Rank within category 6 1 6 6 1 6
Number of funds in category 6 6 6 6 6 6

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) -- 0.01 0.01 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.35 3.40 2.34 --
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-Oct-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 07-Dec-2021

Growth: ₹ 1,561.7151

IDCW Weekly: ₹ 1,000.1168

More

IDCW Monthly: ₹ 1,008.8073

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Nov-2006
Return Since Launch: 6.57%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,923 Cr (As on 31-Oct-2021)
Expense: 0.20% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily06-Dec-20210.0876

 05-Dec-20210.1867
 03-Dec-20210.0932
 02-Dec-20210.0853
 01-Dec-20210.0868
 30-Nov-20210.0878
 29-Nov-20210.0882
 28-Nov-20210.1721
 26-Nov-20210.0859
 25-Nov-20210.0872
 24-Nov-20210.0883
 23-Nov-20210.1018
 22-Nov-20210.1038
 21-Nov-20210.2753
 18-Nov-20210.0916
 17-Nov-20210.0863
 16-Nov-20210.0867
 15-Nov-20210.0867
 14-Nov-20210.1701
 12-Nov-20210.0849
 11-Nov-20210.0848
 10-Nov-20210.0861
 09-Nov-20210.0853
 08-Nov-20210.0869
 07-Nov-20210.3711
IDCW Weekly06-Dec-20210.6145

 29-Nov-20210.6100
 22-Nov-20210.6295
 15-Nov-20210.5854
 08-Nov-20210.6243
 01-Nov-20210.6003
 25-Oct-20210.6058
 18-Oct-20210.5658
 11-Oct-20210.5634
 04-Oct-20210.5971
 27-Sep-20210.5980
 20-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
IDCW Monthly25-Nov-20212.4000

 25-Oct-20212.3000
 27-Sep-20212.3000
 25-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

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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