August 9, 2022
mayank
L&T Liquid Fund Guidance
NAV Growth : Rs 2,960.2637
NAV IDCW Weekly : Rs 1,001.0794
NAV IDCW Daily : Rs 1,014.3496
Suitable For Which Investors ?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
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.”
Fund’s Investment Strategy :
The fund seeks to generate reasonable returns while maintaining safety and providing the investor superior liquidity, investing predominately in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.
Fund Manager :
— Mahesh A Chhabria
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.
— Shriram Ramanathan
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.
Investment Details
| Min. Investment (Rs) | 10,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | Not Applicable |
| Exit Load | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details
| Fund House: | L&T Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 6.78% |
| Benchmark: | NIFTY Liquid Index B-I |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 7,250 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.14% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | Below Average |
L&T Liquid Fund Guidance 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 Liquid Direct-G | 2.44 | 0.01 | 0.1 | 0.4 | 1.18 | 2.07 | 3.8 | 4.07 | 5.33 | 5.94 | — |
| CCIL T Bill Liquidity Weight | 1.19 | -0.02 | 0.07 | 0.2 | 0.64 | 1.04 | 1.99 | 2.59 | 3.27 | 3.63 | — |
| Debt: Liquid | 2.43 | 0.01 | 0.1 | 0.4 | 1.18 | 2.06 | 3.81 | 4.05 | 5.31 | 5.91 | — |
| Rank within category | 19 | 18 | 11 | 24 | 21 | 17 | 26 | 21 | 20 | 17 | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 36 | 32 | 31 | 1 |
L&T Liquid Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| L&T Liquid Fund | 2 star | Jan-13 | 3.8 | 4.07 | 5.33 | 0.14 | 7,250 |
| Aditya Birla Sun Life Liquid Fund | 4 star | Jan-13 | 3.86 | 4.17 | 5.42 | 0.21 | 32,891 |
| Baroda BNP Paribas Liquid Fund | 5 star | Jan-13 | 3.89 | 4.15 | 5.41 | 0.19 | 6,654 |
| LIC MF Liquid Fund | 4 star | Jan-13 | 3.81 | 4.17 | 5.39 | 0.11 | 5,293 |
| Mirae Asset Cash Management Fund | 4 star | Jan-13 | 3.84 | 4.13 | 5.37 | 0.17 | 3,472 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 61 | 61 | 24 | 52 |
| Modified Duration (yrs) | 0.11 | 0.12 | 0.04 | 0.09 |
| Average Maturity (yrs) | 0.11 | 0.13 | 0.04 | 0.1 |
| Yield to Maturity (%) | 5.66 | 5.66 | 3.18 | 5.68 |
| Avg Credit Rating | AAA | — | — | — |
L&T Liquid Fund Guidance by Chanakya :
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