Fund Performance
Lumpsum
SIP
4.52
as on 07 Dec 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,419 today.
NAV Performance
Fund Information
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₹ 23.528
as on 07 Dec 2023 -
Regular - Growth
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12 / 20
-
₹ 10,000
-
₹ 859 Cr.
as on 31 May 2023 -
0.55%
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10 Aug 2005
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CRISIL 10 Year Gilt Index
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L&T Mutual Fund
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Highlights of this fund
L&T Money Market Fund is an Open-ended Debt Fund. The fund belongs to Money Market Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 10 Aug 2005. This fund is offered by one of the top AMC (Assets Management Company) L&T Mutual Fund. You can also view here all other Debt funds offered by L&T Mutual Fund.
Latest NAV of the fund is ₹ 23.528 as on 07 Dec 2023.
This fund has 18 years of track record. Since 31 Mar 2023 expense ratio of this fund is 0.55%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.
You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 10,000.
Fund Objective
The investment objective of the Scheme is to generate regular returns in line with the overnight rates. INVESTMENT OBJECTIVE FUND DETAILS PORTFOLIO ALLOCATION A1+/ A1+(SO) Sovereign TREPS/Rev Repo/NR/NP Exit Load: Nil For details of the performance of the schemes, please refer page nos 43 to 46. For product label please refer Page 3 of the factsheet. % RATING PROFILE % ASSET ALLOCATION PROFILE 3.57% 61.82% 34.61% 0.13% 61.82% 34.61% 3.44% 0- 3 Months 80.59% 10.03% 5.81% 3.57% 0% 20% 40% 60% 80% 100% 3- 6 Months 6 Months - 1 Year TREPS/ Rev Repo/NR/NP o generate regular income through investment in a portfolio comprising substantially of money market instruments.
List of Fund Managers of L&T Money Market Fund
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About Shriram Ramanathan
Shriram Ramanathan is Head – Fixed Income at L&T Investment Management and has over 16 years of experience in the fixed income markets in India.He manages L&T Income Opportunities Fund, L&T Low Duration Fund, L&TTriple Ace Bond Fund, L&T Money Market Fund and L&T Resurgent India BondFund. Shriram is the co-manager for L&T Liquid Fund, L&T Short TermOpportunities Fund and L&T Flexi Bond Fund and also manages the debtportion of L&T India Prudence Fund.Prior to joining L&T Investment Management, Sriram was a Portfolio Manager at FIL Fund Management. In his previous roles, he was a Senior Investment Manager – Global Emerging Market Debt (Asia) at ING Investment Management Asia Pacific in Hong Kong, and a fixed income fund manager in India. His earlier assignments were with Zurich Asset Management Company in fixed income research and with the Treasury department of ICICI Bank, where he started his career in investments in 2000.Shriram is a Chartered Financial Analyst and holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur along with an engineering degree from the university of mumbai B.E (Electrical), PGDBM-XLRI, CFA.
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About Kapil Lal Punjabi
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Moderately Low Risk
Fund Return Comparison
| Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 0.15% | 0.58% | 1.71% | 3.51% | 7.46% | 6.06% | 6.26% | 6.67% | 8.46% | 7.36% | 6.82% | 6.10% | 6.47% | 6.51% |
| Category Average | 0.13% | 0.52% | 1.59% | 3.24% | 6.97% | 5.68% | 5.00% | 5.81% | 6.88% | 7.04% | 6.48% | 5.76% | 5.56% | 6.14% |
| L&T Money Market Fund | 0.13%₹ 10,012 | 0.53%₹ 10,052 | 1.61%₹ 10,160 | 3.25%₹ 10,325 | 6.94%₹ 10,693 | 6.87%₹ 12,441 | 5.37%₹ 11,102 | 6.22%₹ 25,571 | 4.52%₹ 11,419 | 5.45%₹ 39,106 | 5.50%₹ 13,070 | 5.15%₹ 68,340 | 6.84%₹ 19,381 | 6.09%₹ 1,64,084 |
| UTI Money Market Fund | 0.15%₹ 10,014 | 0.56%₹ 10,055 | 1.71%₹ 10,170 | 3.51%₹ 10,351 | 7.46%₹ 10,745 | 7.36%₹ 12,472 | 6.05%₹ 11,247 | 6.82%₹ 25,723 | 5.28%₹ 11,669 | 6.10%₹ 39,493 | 6.03%₹ 13,405 | 5.77%₹ 69,414 | 6.97%₹ 19,618 | 6.40%₹ 1,66,704 |
| Nippon India Money Market Fund | 0.15%₹ 10,014 | 0.55%₹ 10,055 | 1.69%₹ 10,169 | 3.46%₹ 10,346 | 7.37%₹ 10,737 | 7.28%₹ 12,467 | 6.06%₹ 11,249 | 6.78%₹ 25,715 | 5.29%₹ 11,673 | 6.09%₹ 39,487 | 6.06%₹ 13,421 | 5.77%₹ 69,418 | 6.97%₹ 19,630 | 6.41%₹ 1,66,804 |
| Aditya Birla Sun Life Money Manager Fund | 0.13%₹ 10,013 | 0.55%₹ 10,055 | 1.71%₹ 10,171 | 3.48%₹ 10,348 | 7.45%₹ 10,744 | 7.33%₹ 12,470 | 6.02%₹ 11,240 | 6.80%₹ 25,719 | 5.28%₹ 11,669 | 6.09%₹ 39,485 | 6.17%₹ 13,491 | 5.84%₹ 69,541 | 7.08%₹ 19,821 | 6.51%₹ 1,67,672 |
| SBI Savings Fund | 0.13%₹ 10,012 | 0.52%₹ 10,052 | 1.58%₹ 10,157 | 3.22%₹ 10,321 | 6.91%₹ 10,691 | 6.79%₹ 12,436 | 5.48%₹ 11,126 | 6.25%₹ 25,579 | 4.76%₹ 11,496 | 5.55%₹ 39,168 | 5.59%₹ 13,129 | 5.27%₹ 68,560 | 6.69%₹ 19,112 | 6.00%₹ 1,63,291 |
| ICICI Prudential Money Market Fund | 0.13%₹ 10,013 | 0.55%₹ 10,055 | 1.68%₹ 10,168 | 3.44%₹ 10,344 | 7.38%₹ 10,737 | 7.27%₹ 12,466 | 5.92%₹ 11,219 | 6.72%₹ 25,698 | 5.17%₹ 11,632 | 6.00%₹ 39,430 | 5.99%₹ 13,376 | 5.70%₹ 69,293 | 6.93%₹ 19,559 | 6.35%₹ 1,66,257 |
Portfolio Holdings
Top Debt Instrument Type holdings of L&T Money Market Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| CD | 53.33% | ₹ 476.95 Cr. |
| CP | 27.55% | ₹ 246.37 Cr. |
| T-Bills | 15.39% | ₹ 137.69 Cr. |
| Others | 3.73% | - |
Top Debt Holdings of L&T Money Market Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - T-Bill | 15.39% | ₹ 137.69 Cr. |
| Bond - Housing Development Finance Corporation Ltd. | 6.91% | ₹ 61.78 Cr. |
| Bond - Bank Of Baroda | 5.40% | ₹ 48.27 Cr. |
| Bond - Canara Bank | 5.39% | ₹ 48.23 Cr. |
| Bond - HDFC Bank Ltd. | 5.33% | ₹ 47.64 Cr. |
| Others | 61.58% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 3.78% |
| Net Receivables | -0.05% |