Invest in L&T Overnight Fund

L&T Overnight Fund (Formally Known as L&T Cash Fund)


Fund Features

Type of the scheme

An open-ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk


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

Benchmark index

NIFTY 1D Rate 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)

0.20% (As on 30th June 2022)

Click here to view daily TER

Annual Recurring Expenses (Direct Plan)

0.10% (As on 30th June 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.


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



L&T Overnight Fund
Regular, Growth

Product Label

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.



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) A-I  
Moderate (Class II)    
Relatively High (Class III)


Speak to us
Speak to us

 a.)  For Investors

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

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

Email id –


 b.)  For Distributors

Phone number - 1800 4199 800/3030 9800

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

Email id –

Chat with us

Subscribe Now

Sign Up here for latest updates , monthly newsletter , offers & more..

Error Message
Error Message

By clicking here, you agree to our
Terms & Conditions.

New to L&T Mutual Fund

Let us help you Invest

By clicking on submit, you agree to the terms & conditions.

Thank You!

Thank you for submitting details. We will get back to you shortly.