L&T Mutual Fund
L&T Mutual Fund

L&T Liquid Fund

L&T Liquid Fund - Fund Facts
Fund objective
The investment objective is to generate reasonable returns while maintaining safety and providing the investor superior liquidity. To achieve this objective, investments will be predominantly made in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.
Inception date
Reg. Plan: October 04, 2000
Inst. Plus Plan: April 10, 2003
Super Inst. Plan: October 03, 2006
Fund Managers
Shriram Ramanathan and Jalpan shah
Benchmark index
CRISIL Liquid Fund Index
SIP availability

SIP is available in L&T Liquid Fund. The frequency for installments shall be monthly on the 1st/ 5th/ 10th / 15th / 20th or 25th of the month (28th for the month of February) and on the next Business Day if it happens to be a non business day.

Please refer section on "Special Facilities Available" on page nos. 98-103 of this SID.

Options
Weekly Dividend, Daily Dividend Re-investment Plan (DDRIP) and Growth
Minimum Investment

For lump sum: Rs. 10,000.
For SIP: Rs. 6,000 (minimum single investment Rs.1000, minimum 6 instalments).

Entry Load

NIL
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributor based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load
NIL
Annual Recurring Expenses (w.e.f 23rd June, 2017)
0.36%
Annual Recurring Expenses for Direct Plan (w.e.f 23rd June, 2017)
0.30%
Note:
The above ratio includes 20 bps of additional expenses.
A part from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and service tax on investment management fees are also being charged.
Dividend History
Click here to view dividend history.
L&T Liquid Fund - Overview
The L&T Liquid Fund aims to generate reasonable returns while maintaining safety and providing the investor superior liquidity. The fund will predominantly invest in a well diversified and highly liquid portfolio of debt and money market instruments.
L&T Liquid Fund - Key Benefits

The fund endeavours to invest in quality debt papers.

No investment in security with maturity greater than 91 days.

L&T Liquid Fund - Features
Investment Style Details
Scheme Classification
An Open Ended Income Scheme
Investment Objective
The investment objective is to generate reasonable returns while maintaining safety and providing the investor superior liquidity. To achieve this objective, investments will be predominantly made in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.
This product is suitable for investors who are seeking*
  • Generation of reasonable returns while maintaining safety and superior liquidity over short term
  • Investment predominantly in highly liquid money market instruments, government securities and corporate debt
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Normal Asset Allocation
Instruments Indicative Allocation(% of net assets) Risk Profile
  Maximum Minimum  
Certifi cates of deposit issued by banks, bank fi xed deposits, treasury bills, CBLO, Repo/reverse repo 100% 65% Medium to Low
Commercial papers and other debt instruments including securitised debt 35% 0% Medium to Low

Terms of issue
Minimum purchase amount
Weekly Dividend / Growth: Rs. 10,000 per application and in multiples of Re. 1 thereafter
Daily Dividend Reinvestment Plan ("DDRIP"): Rs. 1,00,000 per application and in multiples of Re. 1 thereafter
Minimum additional purchase amount Rs. 1,000 per application and in multiples of Re. 1 thereafter
Minimum redemption amount/units A minimum of Rs. 1000/- per application or 1 unit.

Statutory
L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Holdings Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T lnvestment Management Limited as the Investment Manager.
Loads
Entry
NIL
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.
Exit

NIL
Pursuant to SEBI circular no. SEBI / IMD / CIR No. 6 /172445/ 2009 dated August 7, 2009 and SEBI / IMD / CIR No. 7 /173650 / 2009 dated August 17, 2009, the Scheme shall not be permitted to make distinction between unitholders by charging differential exit loads based on the amount of subscription and such parity shall be made applicable at the portfolio level respectively.
With effect from August 1, 2009, exit load / CDSC (if any) up to 1% of the redemption value charged to the Unit holder by the Fund on redemption of units shall be retained by the Scheme in a separate account and will be utilized for payment of commissions to the ARN Holder and to meet other marketing and selling expenses. Any amount in excess of 1% of the redemption value charged to the Unit holder as exit load/ CDSC shall be credited to the Scheme immediately.

General Services

Investors can contact any of the ISCs at its toll-free number " 1800 2000 400 ". NAVs will be calculated and published on all Business Days. Purchase/Redemption on all Business Days.

Risk factors

Investors can contact any of the ISCs at its toll-free number " 1800 2000 400 ". NAVs will be calculated and published on all Business Days. Purchase/Redemption on all Business Days.

L&T Liquid Fund - How to Invest
To invest online

Click here to invest online instantly*.


In case you require any more information on investing in the L&T Liquid Fund, please call our toll-free Investor Line on 1800 2000 400 between 9am to 6pm on any business day.
To invest offline

Click here to download the KIM and Application form.
Or
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.
L&T Liquid Fund - Downloads