NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹1627.38
0.01%
NAV as on 26 Nov 22, 12:00 AM
low risk
overnight
liquid
NAV as on 26 Nov 22, 12:00 AM
low risk
overnight
liquid
4.31%p.a.
Last 1Y
3.54%p.a.
Last 3Y
4.24%p.a.
Last 5Y
6.44%p.a.
Since Inception
About L&T Overnight Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the L&T Overnight Fund Growth scheme from L&T Investment Management Ltd. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on Nov 2006, L&T Overnight Fund Growth is Overnight fund of its category with 1,105.49 Cr fund under management as on Nov 2022. The expense ratio of this fund is less than that of most other Fund category Overnight funds.
- L&T Overnight Fund Growth delivered 4.3% annual returns during the last year. It has delivered 6.4% average annual returns since the fund was launched.
- L&T Overnight Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
The investment objective of the Scheme is to generate regular returns in line with the overnight rates.There is no assurance that the investment objective of the scheme will be realized.
Top 4 Holdings
Tri Party Repo Dealing System (Treps)/Reverse Repo
98.71%
Net Receivable/Payable
3.22%
91 DTB 17112022
2.26%
91 DTB 08122022
2.25%
Fund Managers
- Shriram Ramanathan (Apr 2017 - Present)
- Mahesh Chhabria (Nov 2021 - Present)
Key Information
View Scheme Document
L&T Overnight Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on L&T Overnight Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in L&T Overnight Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in L&T Overnight Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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