L&T Money Market Fund Direct Plan Growth Option
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Money Market|
More about this fund
|8.79% Govt Stock 2021||5.19%|
|8.20% Govt Stock 2022||5.1%|
|182 DTB 01072021||4.83%|
|364 DTB 07052021||2.42%|
|364 DTB 17062021||2.42%|
About L&T Money Market Fund - Direct Plan - Growth
The main intention of the scheme is to offer stable returns over the investment tenure by forming a portfolio consisting of money market instruments. Investing in this fund is apt for those looking to earn high returns at lower risk levels.
Pros and Cons of L&T Money Market Fund - Direct Plan - Growth
The most significant advantage of investing in this fund is that you gain exposure towards a portfolio consisting of various fixed-income securities across debt and money market instruments. On the flip side, the returns offered by these funds can be curtailed as equity exposure is minimal to nil.
Fund Information and Statistics
i) Inception/Launch Date
L&T Money Market Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
L&T Money Market Fund - Direct Plan - Growth has been clubbed under the ‘moderately low risk’ class of mutual funds.
Since L&T Money Market Fund - Direct Plan - Growth is open-ended, you can sell your fund units any time.
iv) Fund Manager
Mr Jalpan Shah and Mr Shriram Ramanathan are the current fund managers of L&T Money Market Fund - Direct Plan - Growth.
v) Entry/Exit load
There is no entry load as per the norms of the Indian market regulator. There are no exit load charges in order to facilitate instant withdrawals.
About L&T Mutual Fund
L&T Mutual Fund started offering mutual funds in India when it registered with the Indian securities market regulator in the year 1996. It is being sponsored by L&T Finance Holdings Limited, and its trustee company is L&T Mutual Fund Trustee Limited. As of June 2020, the assets under management of the fund house stood at Rs 58,361.93 crore.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns