Formerly L&T Overnight Mn DR
These investments have very low interest rate risk; however this also reduces return.
The category accounts for close to 7% of the total assets in the Debt fund assets primarily driven by corporates for whom this provides a better option than current account.Since most of the underlying holdings are Reverse Repos,funds in this category also score well on credit quality.We do not recommend funds in this category for individuals since we believe that liquid funds are a better option with similar credit & interest rate risk but higher return.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
15 Years. The Fund has Sufficient history for analysis and the track record is good.
1,997 Cr. Medium within the category
Impact of Interest Rate Changes
Lowest Interest Rate Risk. The impact on fund value is very low when interest rates change
Credit Quality Of Fund's Portfolio
Lowest Credit Risk. The fund has a very high credit quality compared to other debt funds
NAV (Oct 20)
6 Month CAGR
The investment objective of the Scheme is to generate regular returns in line with the overnight rates.There is no assurance that the investment objective of the scheme will be realized.
Low to Moderate
Launched (15y ago)
|Nov 27, 2006|
AUM in Crores
|CRISIL Overnight Index TR INR|
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
|Mutual Fund||₹ 9,65,796||₹ 2,33,184||11.25%|
|EPF||₹ 9,00,761||₹ 1,68,149||8.50%|
|Property||₹ 8,67,662||₹ 1,35,050||7.00%|
|PPF||₹ 8,69,819||₹ 1,37,207||7.10%|
|Bank FD||₹ 8,46,471||₹ 1,13,859||6.00%|
|Gold||₹ 8,46,471||₹ 1,13,859||6.00%|
|Savings Bank||₹ 8,25,950||₹ 93,338||5.00%|
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 13,509 cr
₹ 33,192 cr
₹ 11,590 cr
₹ 21,654 cr
₹ 33,722 cr
L&T Investment Management Ltd
L&T Investment Management Ltd manages assets worth 82,964 crores and was set up on 25 April 1996. It's current offering of mutual fund schemes includes 36 equity,71 debt and 24 hybrid funds.
|Fund Name||Scripbox Opinion||Till Date CAGR|
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L&T Overnight Fund of Income Dis cum Cap Wrdl (RIDCW-M) is a Overnight Debt fund and has delivered an annualised return of 2.8% over a period of 14 years. The fund was previously known as L&T Overnight Mn DR . The fund is managed by L&T Investment Management Ltd. The fund managers are Jalpan Shah, Shriram Ramanathan
The investment objective of the Scheme is to generate regular returns in line with the overnight rates.There is no assurance that the investment objective of the scheme will be realized. . However, there is no assurance that the objective of the scheme will be realized.
The L&T Overnight Fund of Income Dis cum Cap Wrdl (RIDCW-M) fund was launched on Nov 27, 2006. The NAV (Net Asset Value) of this Overnight Debt fund as of 2021-10-20 is ₹1009.29. The total AUM (Asset Under Management) of the fund as of 21/10/2021 is ₹1996.278. The category risk of the L&T Overnight Fund of Income Dis cum Cap Wrdl (RIDCW-M) fund is Low Risk. The fund charges 0.2 % as expense ratio.
The fund’s highest allocation is towards Others and has invested 100% in this asset class. The top three holdings of the fund are , tri party repo dealing system (treps)/reverse repo , net receivable/payable
The minimum SIP (Systematic Investment Plan) amount for this is ₹1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 10000.
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Overnight Index TR INR.
L&T Overnight Fund of Income Dis cum Cap Wrdl (RIDCW-M) has a score of 4 on a scale of 5. The fund has a score of 4 out of 5 based on historical performance. As compared to the other funds in its category, L&T Overnight Fund of Income Dis cum Cap Wrdl (RIDCW-M) has a score of 3out of 5 The credit risk of the fund is 5 out of 5 as compared to other debt funds.
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