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Fincash » Mutual Funds » L T Money Market Fund

L&T Money Market Fund - G

NAV  ₹23.8656 ↑ 0.01  (0.02 %) as on 21 Feb 24

(Erstwhile L&T Floating Rate Fund)

Scheme Objective

To generate regular income through investment in a portfolio comprising substantially of floating rate debt/money market instruments, fixed rate debt/money market instruments swapped for floating rate returns, and fixed rate debt securities, Government securities and money market instruments.

L&T Money Market Fund is a Debt - Money Market fund launched on 10 Aug 05. It is a fund with Moderate risk and has given a CAGR return of 7.1% since its launch.  Ranked 12 in Money Market category.  Return for 2023 was 6.9% , 2022 was 4% and 2021 was 2.9% .

Below is the key information for L&T Money Market Fund

NAV as on 21 Feb 24₹23.8656 ↑ 0.01  (0.02 %)
Net Assets (AUM) as on 31 Jan 2024 ₹1,121 Cr.
Launch Date10 Aug 2005
CategoryDebt - Money Market
Rating
TypeOpen Ended Fund
RiskModerate
Yield To Maturity7.59%
Effective Maturity3 Months 22 Days
Modified Duration3 Months 14 Days
Alpha Ratio0.0
Expense Ratio0.7 %
Sharpe Ratio0.183
Information Ratio0.0
BenchmarkNot Available
ISININF917K01BC9
AMCL&T Investment Management Ltd
Min Investment ₹10,000
Min SIP Investment ₹1,000
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Feb 24

DurationReturns
1 Month 0.6%
3 Month 1.7%
6 Month 3.4%
1 Year 7.1%
3 Year 4.8%
5 Year 5.5%
10 Year
15 Year
Since launch 7.1%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 6.9%
2022 4%
2021 2.9%
2020 5.4%
2019 8.2%
2018 7.3%
2017 7.5%
2016 9.1%
2015 8.4%

Growth of 10k Over Years

DateValue
31 Jan 19₹10,000
31 Jan 20₹10,802
31 Jan 21₹11,345
31 Jan 22₹11,685
31 Jan 23₹12,185
31 Jan 24₹13,046
L&T Money Market Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash95.37%
Debt4.36%
Other0.27%
L&T Money Market Fund Asset Allocation

Sector Allocation

SectorValue
Cash Equivalent47.49%
Corporate33.67%
Government18.57%
RatingValue
AAA100%
L&T Money Market Fund Debt Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
364 DTB 07032024
Sovereign Bonds | -
8%₹94 Cr9,500,000
Canara Bank
Domestic Bonds | -
4%₹49 Cr1,000
↑ 1,000
364 DTB 14032024
Sovereign Bonds | -
3%₹30 Cr3,000,000
CDMDF CLASS A2
Investment Fund | -
0%₹3 Cr2,953
Treps
CBLO/Reverse Repo | -
15%₹170 Cr
Net Current Assets (Including Cash & Bank Balances)
Net Current Assets | -
9%-₹100 Cr
State Bank Of India
Certificate of Deposit | -
7%₹74 Cr1,500
Bank Of Baroda
Certificate of Deposit | -
7%₹73 Cr1,500
↑ 1,500
HDFC Bank Limited
Certificate of Deposit | -
7%₹73 Cr1,500
Axis Bank Limited
Certificate of Deposit | -
6%₹70 Cr1,500
↑ 500
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Fund Managers

NameSinceTenure
Kapil Punjabi26 Nov 221.18 Yr.
Shriram Ramanathan21 Mar 203.87 Yr.

Custodians

CompanyAddress
Citibank N.A. IndiaTrent House, 3rd Floor, G Block,,Plot No.60, Next to Citibank,,Bandra Kurla Complex,,Bandra (East),

Registrar & Transfer Agent

Computer Age Management Services Ltd
AddressNew No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam
FAX91-44-28283610
Emailenq_L@camsonline.com

Administrator Companies

CompanyAddress
HSBC Mutual Fund16, V N Road, Fort, Mumbai 400 001

Auditors

CompanyAddress
M/s. Price WaterhouseIndia,252, Veer Savarkar Marg,,Next to Mayor's Bungalow, Shivaji Park,,Dadar,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
L&T Money Market Fund
Growth
₹23.8656
↑ 0.01
3.4 %7.12 %4.85 %5.46 %
L&T Money Market Fund
Daily Dividend, Reinvestment
₹10.8591
3.38 %7.09 %4.71 %4.77 %
L&T Money Market Fund
Monthly Dividend, Reinvestment
₹11.5994
↑ 0.00
3.38 %7.08 %4.83 %4.97 %
L&T Money Market Fund
Monthly Dividend, Payout
₹11.5994
↑ 0.00
3.38 %7.08 %4.83 %4.97 %
L&T Money Market Fund
Weekly Dividend, Reinvestment
₹13.0952
↓ -0.02
3.11 %6.42 %4.61 %4.68 %
Data as on 21 Feb 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.