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3 star

L&T Overnight Fund download report


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 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
L&T Overnight-G 2.35 0.01 0.09 0.40 1.11 1.95 3.59 3.42 4.22 4.79 5.85
CCIL T Bill Liquidity Weight 1.21 0.02 0.05 0.25 0.70 0.99 2.00 2.58 3.26 3.63 4.21
Debt: Overnight 2.35 0.01 0.09 0.41 1.12 1.96 3.60 3.56 4.43 4.98 5.97
Rank within category 16 17 13 21 22 17 17 20 3 3 3
Number of funds in category 27 29 29 28 28 28 27 20 3 3 3

As on 11-Aug-2022

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
3 star
Nov-06 3.59 3.42 4.22 0.20 2,294
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.66 3.62 -- 0.10 10,814
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.64 3.60 4.33 0.12 8,681
Baroda BNP Paribas Overnight Fund - Regular Plan
4 star
Apr-19 3.62 3.62 -- 0.14 883
Mirae Asset Overnight Fund - Regular Plan  | Invest Online
5 star
Oct-19 3.64 -- -- 0.21 569

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
L&T Overnight-G 3.37 0.17 -0.69 -2.23 0.11 -0.02
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Overnight 3.51 0.23 0.09 0.41 0.25 0.25
Rank within category 22 1 22 22 1 22
Number of funds in category 22 22 22 22 22 22

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 2 3 1 2
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 5.08 5.08 3.17 5.03
Avg Credit Rating -- -- --

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 182-D 04/08/2022 Treasury Bills SOV 0.00 - 1.31 1.31
new Reserve Bank of India 182-D 11/08/2022 Treasury Bills SOV 0.00 - 1.09 1.09

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-Jul-2022

Fund Manager

— Mahesh A Chhabria since 25-Nov-2021

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.

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 11-Aug-2022

Growth: ₹ 1,601.8628

IDCW Weekly: ₹ 1,000.4415

More

IDCW Monthly: ₹ 1,013.6710

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

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
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Nov-2006
Return Since Launch: 6.45%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 2,294 Cr (As on 31-Jul-2022)
Expense Ratio: 0.20% (As on 31-Jul-2022)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily10-Aug-20220.1391

 09-Aug-20220.1427
 08-Aug-20220.1361
 07-Aug-20220.2750
 05-Aug-20220.1372
 04-Aug-20220.1226
 03-Aug-20220.1248
 02-Aug-20220.1256
 01-Aug-20220.1308
 31-Jul-20220.2710
 29-Jul-20220.1351
 28-Jul-20220.1397
 27-Jul-20220.1365
 26-Jul-20220.1376
 25-Jul-20220.1359
 24-Jul-20220.2768
 22-Jul-20220.1382
 21-Jul-20220.1335
 20-Jul-20220.1294
 19-Jul-20220.1271
 18-Jul-20220.1250
 17-Jul-20220.2599
 15-Jul-20220.1307
 14-Jul-20220.1267
 13-Jul-20220.1225
IDCW Weekly08-Aug-20220.9011

 01-Aug-20220.9295
 25-Jul-20220.9200
 18-Jul-20220.8699
 11-Jul-20220.8684
 04-Jul-20220.8828
 27-Jun-20220.8672
 20-Jun-20220.8453
 13-Jun-20220.8179
 06-Jun-20220.7454
 30-May-20220.7588
 23-May-20220.7292
 16-May-20220.7410
 09-May-20220.7345
 02-May-20220.6998
 25-Apr-20220.6661
 18-Apr-20220.6652
 11-Apr-20220.6167
 04-Apr-20220.6640
 28-Mar-20220.7095
 21-Mar-20220.6360
 14-Mar-20220.6118
 07-Mar-20220.5995
 28-Feb-20220.5972
 21-Feb-20220.6032
IDCW Monthly25-Jul-20222.9000

 27-Jun-20223.1000
 25-May-20222.7000
 25-Apr-20222.5000
 25-Mar-20222.2000
 25-Feb-20222.5000
 25-Jan-20222.5000
 27-Dec-20212.4000
 25-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

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

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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