L&T Money Market Fund -Direct Plan- Growth
Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals. From L&T Mutual Fund. It's been running since 2 Jan 2013.
What ₹1 lakh would have become
Based on past returnsThese are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.
Play with a monthly investment
Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.
Vs 86 other funds in Debt Scheme - Money Market Fund
Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.
Year by year
Calendar-year returns. 7 of last 7 years were positive.
Price over time
How the per-unit price has moved. Tap a range to zoom in.
Bumpiness & worst drops
The value swings roughly 1% up or down in a typical year. Finance-speak calls this volatility.
A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.
Similar funds you might want to look at
Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.
Head-to-head comparisons
Side-by-side comparisons of L&T Money Market Fund -Direct Plan- Growth against other debt funds.
Technical details (for the pros)
Fund info
- Fund house
- L&T Mutual Fund
- Category
- Debt Scheme - Money Market Fund
- Plan
- Direct
- Option
- Growth
- ISIN (Growth)
- —
- ISIN (Div re-invest)
- —
- Fund code
- 119431
- First price on record
- 2 Jan 2013 · 2,386 daily prices
About L&T Money Market Fund -Direct Plan- Growth
L&T Money Market Fund -Direct Plan- Growth is a Debt Scheme - Money Market Fund offered by L&T Mutual Fund under the Direct plan with the Growth option. It has approximately 14 years of NAV track record. The fund falls in the debt category — Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals.
The current NAV of L&T Money Market Fund -Direct Plan- Growth is ₹22.8580 (as of 24 Nov 2022). Historically, it has delivered 4.20% over the last year, 4.52% CAGR over 3 years, 6.04% CAGR over 5 years. Returns are historical and don't predict future performance.
Over the last three years, the fund's prices have moved with 0.9% annualised volatility — a "low" level of bumpiness; its deepest peak-to-trough fall on record was 33.3%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.
Frequently asked
What is the latest NAV of L&T Money Market Fund -Direct Plan- Growth?+
The latest NAV of L&T Money Market Fund -Direct Plan- Growth is ₹22.8580 as of 24 Nov 2022, up 0.02% from the previous day. NAV is updated once a business day after the market close.
What are the returns of L&T Money Market Fund -Direct Plan- Growth?+
L&T Money Market Fund -Direct Plan- Growth has delivered 1-year return 4.20%, 3-year CAGR 4.52%, 5-year CAGR 6.04%, since-inception CAGR 3.13%. Returns are historical and don't predict future performance — markets move in cycles.
What category does L&T Money Market Fund -Direct Plan- Growth belong to?+
L&T Money Market Fund -Direct Plan- Growth is categorised as Debt Scheme - Money Market Fund. Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals.
How risky is L&T Money Market Fund -Direct Plan- Growth?+
Based on its 3-year annualised volatility of 0.9%, L&T Money Market Fund -Direct Plan- Growth sits in the "low" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.
Is L&T Money Market Fund -Direct Plan- Growth a direct plan?+
L&T Money Market Fund -Direct Plan- Growth is a Direct plan (no distributor commission — lower expense ratio) with the Growth option (all returns compound within the fund, no interim payouts).
How old is L&T Money Market Fund -Direct Plan- Growth?+
L&T Money Market Fund -Direct Plan- Growth has NAV history available from 2 Jan 2013 — approximately 14 years of track record and 2,386 daily NAV observations.
Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.