Invest in L&T Money Market Fund

L&T Money Market Fund

(Formerly Known as L&T Floating Rate Fund)


Fund Features

Type of the scheme

An open-ended debt scheme investing in money market instruments. A relatively low interest rate risk and moderate credit risk.


To generate regular income through investment in a portfolio comprising substantially of money market instruments.

Inception date

August 10, 2005

Fund Managers

Mr. Shriram Ramanathan and Mr. Mahesh Chhabria (w.e.f. November 25, 2021)

Benchmark index

NIFTY Money Market 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)

0.70%  (As on 31st August 2022)

Click here to view daily TER

Annual Recurring Expenses (Direct Plan)

0.22%  (As on 31st August 2022)

Click here to view daily TER


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


Exit Load



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.

Minimum Initial Application Amount

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

Minimum Additional Application Amount

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

Minimum Amount/Number of Units for Redemption

Rs. 500 or 50 Units



L&T Money Market Fund
Regular, Growth

PRC Matrix



Potential Risk Class
Credit Risk→ Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest Rate Risk↓
Relatively Low (Class I) B-I  
Moderate (Class II)    
Relatively High (Class III)

Product Label

Risk Factor For Short Term Investment -LTFS

This product is suitable for investors who are seeking*


Generation of regular income over short to medium term

Investment money market instruments 

*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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 a.)  For Investors

Toll-free number - 1800 4190 200/
1800 2000 400

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

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 b.)  For Distributors

Phone number - 1800 4199 800/3030 9800

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

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