1 LakhInvestment Grown to
₹ 10000Monthly SIP Grown to
"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:
|CCIL T Bill Liquidity Weight||0.85||0.04||0.07||0.25||0.38||0.89||1.99||2.71||3.30||3.69||4.25|
|Rank within category||13||23||22||21||11||13||15||17||3||3||3|
|Number of funds in category||29||30||30||30||30||29||29||17||3||3||3|
As on 24-Jun-2022
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|L&T Overnight Fund | Invest Online||Nov-06||3.37||3.43||4.24||0.20%||1,776|
|Axis Overnight Fund - Regular Plan||Mar-19||3.43||3.66||--||0.10%||10,000|
|UTI Overnight Fund - Regular Plan | Invest Online||Dec-03||3.40||3.63||4.40||0.12%||8,751|
|Edelweiss Overnight Fund - Regular Plan | Invest Online||Jul-19||3.35||--||--||0.16%||978|
|Baroda BNP Paribas Overnight Fund - Regular Plan||Apr-19||3.40||3.66||--||0.14%||605|
|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|
|CCIL T Bill Liquidity Weight||2.69||0.37||-2.20||-4.41||--||--|
|Rank within category||17||1||17||17||1||17|
|Number of funds in category||17||17||17||17||17||17|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-May-2022
|Fund||1Y High||1Y Low||Category|
|Number of Securities||3||3||1||2|
|Modified Duration (yrs)||0.00||0.01||0.00||--|
|Average Maturity (yrs)||0.00||0.01||0.00||--|
|Yield to Maturity (%)||4.24||4.24||3.17||--|
|Avg Credit Rating||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Reserve Bank of India 182-D 23/06/2022||Treasury Bills||SOV||0.00 - 1.12||1.12|
|Reserve Bank of India 91-D 30/06/2022||Treasury Bills||SOV||0.00 - 0.84||0.84|
|Reserve Bank of India 182-D 02/06/2022||Treasury Bills||SOV||0.00 - 0.84||0.84|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-May-2022
Education: Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
Experience: He comes to L&T AMC from Fidelity where he has been for the last 3 years, was previously associated with Birla Sun Life AMCwith RSM & Co.
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.
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.
|Min. Investment (₹)||10,000|
|Min. Addl Investment (₹)||1,000|
|Min. SIP Investment (₹)||1,000|
|Min. No of Cheques||6|
|Min. Withdrawal (₹)||1,000|
|Min. Balance (₹)||1,000|
|Lock-in Period||Not Applicable|
|Fund House:||L&T Mutual Fund|
|Return Since Launch:||6.46%|
|Benchmark:||NIFTY 1D Rate Index|
|Assets:||₹ 1,776 Cr (As on 31-May-2022)|
|Expense:||0.20% (As on 31-May-2022)|
|Plan||Record Date||Dividend (₹ / Unit)|
Fund News - 23-Jan-2020
AMC: L&T Investment Management Ltd
Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098
Phone: 022-66554000 / 1800-2000-400
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]