L&T Money Market Fund Direct Plan Growth Option - Latest NAV ₹21.3921, Returns, Performance & Portfolio

L&T Money Market Fund Direct Plan Growth Option

  • highlight
    7.88%
  • highlight
    21.3921

Min amount: ₹1,000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 5.84 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years7.88%
3 Years7.25%
1 Year5.3%
6 Months1.77%
Fund Details
ISININF917K01FE6
RiskModerately Low risk
Fund TypeMoney Market
NAV21.3921
Exit Load--

More about this fundstar

Top HoldingsWeightage
182 DTB 0403202111.95%
182 DTB 180320215.97%
91 DTB 250320215.96%
91 DTB 010420215.96%
182 DTB 250320212.98%
364 DTB 250320211.79%

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.

iii) Redemption

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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Frequently Asked Questions

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Min amount: ₹1,000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 5.84 Lakhs in a period of 20 years
Moderately Low risk

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