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L&T Cash Fund

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Fund Features

Scheme Classification

An open ended debt scheme investing in overnight securities.

Objective

The investment objective of the Scheme is to generate regular returns in line with the overnight rates.

Inception date

November 27, 2006

Fund Managers

Mr. Jalpan Shah and Mr. Shriram Ramanathan

Benchmark index

CRISIL Liquid Fund Index

SIP availability

Yes. (For more information on SIP, please refer to the section on "Facilities Offered to Investors under the Scheme" in the SID)

Annual Recurring Expenses (Regular Plan)

0.80% (As on 31st May 2019)

Click here to view daily TER

Annual Recurring Expenses (Direct Plan)

0.09% (As on 31st May 2019)

Click here to view daily TER

Note:

The above ratio includes 5 bps of additional expenses.

 

Apart 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 GST on investment management fees are also being charged.

 

 

Entry Load

NIL

Exit Load

NIL

 

If the AMC introduces an Exit Load, a switch-out or a withdrawal under SWP or transfer under STP may also attract the applicable Exit Load like any Redemption.

 

No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.

 

No Exit Load will be chargeable in case of (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any

Minimum Initial Application Amount

Growth and Dividend: Rs. 10,000 per application and in multiples of Re. 1 thereafter.

 

In case of Daily Dividend Option: Rs. 1,00,000 and in multiples of Re. 1 thereafter

Minimum Additional Application Amount

Rs. 1,000 per application and thereafter in multiples of Re.1

Minimum Amount/Number of Units for Redemption

Rs. 1,000 or 100 units

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NAV

L&T Cash Fund
Regular, Growth
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Asset Allocation

Asset Allocation is represented as:
Instruments
Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum

Overnight securities having maturity of 1 day*

100% 0%
Low

*instruments with residual maturity not greater than 1 business day, including money market instruments^, CBLO/ reverse repo, debt instruments^^,including floating rate instruments, with overnight maturity

^Money Market Instruments would include certificate of deposits, commercial papers, T-bills, repo, reverse repos and CBLO, bill rediscounting, bills of exchange / promissory notes and Standby Letter of Credit (SBLC) backed commercial papers or such other securities as specified by SEBI and RBI from time to time.

^^Debt instruments would include all debt securities issued by entities such as banks, companies, public sector undertakings, municipal corporations,  body corporates, central government securities, state development loans and UDAY bonds, recapitalization bonds, municipal bonds and G-Sec repos and any other instruments as permitted by regulators from time to time.

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Risk Factor

This product is suitable for investors who are seeking*

 

Reasonable returns with lower volatility and higher liquidity over short term

Investment in debt and money market instruments with overnight maturity

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

 

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