L&T Ultra Short Term Fundᵟ

Data as on June 28, 2019


L&T Ultra Short Term Fundᵟ

Data as on June 28, 2019


Fund Details

NAV of Plans/Options
(as on June 28, 2019)

Rs
Daily Dividend
10.2638
Weekly Dividend
11.0699
Monthly Dividend
12.8662
Semi Annual Dividend
23.4847
Growth
31.0602
Bonus
16.9420
Regular Growth
29.8890
Daily Dividend - Direct Plan
10.4498
Weekly Dividend - Direct Plan
11.2402
Monthly Dividend - Direct Plan
13.0795
Growth - Direct Plan
31.6982
Bonus - Direct Plan
17.3147
Date of Inception :
RegularApril 10, 2003
Direct Plan January 01, 2013
Total Expense Ratio+ : 0.52% (Regular)
0.22% (Direct)
- Including Additional Expenses, B30 charges and GST on Management Fees
- Total Expense Ratio is as on the last business day of the month
Options• Growth
• Dividend (Reinvestment and Payout)
1. Weekly Dividend
2. Monthly Dividend
3. Semi- annual Dividend
• Daily Dividend Reinvestment Plan
Minimum Application size
(Initial)
Growth/Weekly Dividend/Monthly Dividend/Semi-Annual Dividend:
Rs 10,000 per application and in multiples of Rs 1 thereafter; Daily
Dividend Reinvestment Plan:
Rs 1,00,000 per application and in multiples of Rs 1 thereafter.
Additional InvestmentRs 1,000 per application and in multiples of Rs 1 thereafter
Minimum Redemption Size Regular Plan: Rs 500/- per application or 50 units
Weekly Dividend/Monthly Dividend/ Semi Annual Dividend/ Growth/ Bonus DDRIP: Rs 500 per application or 50 Units
Fund ManagerMr. Jalpan Shah and Mr. Vikas Garg (w.e.f. April 03, 2017)
BenchmarkCRISIL Liquid Fund Index
Monthly Average AUM (Rs In Crs) 3,006.71
Month end AUM(Rs In Crs) 2,672.90

Portfolio Allocation
Name Of Instrument
Rating/Industry
% to Net Assets

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
Axis Bank Limited CRISIL A1+ 7.19%
Kotak Mahindra Prime Limited CRISIL A1+ 5.43%
Indian Bank IND A1+ 5.43%
Small Industries Development Bank of India CARE A1+ 5.35%
National Bank for Agriculture & Rural Development CRISIL A1+ 5.34%
Bank of Baroda CARE A1+ 4.42%
Export Import Bank Of India CRISIL A1+ 3.68%
HDFC Bank Limited CARE A1+ 3.57%
HDB Financial Services Limited CRISIL A1+ 3.55%
Sundaram Finance Limited CRISIL A1+ 3.54%
NTPC Limited CRISIL A1+ 2.80%
Kotak Mahindra Bank Limited CRISIL A1+ 2.72%
Power Finance Corporation Limited CRISIL A1+ 1.84%
Rec Limited CARE A1+ 1.82%
Reliance Industries Limited CRISIL A1+ 1.81%
ICICI Bank Limited ICRA A1+ 1.81%
HDFC Bank Limited IND A1+ 1.80%
Indusind Bank Limited CRISIL A1+ 1.80%
Housing Development Finance Corporation Limited CRISIL A1+ 1.79%
Indusind Bank CRISIL A1+ 1.78%
National Bank for Agriculture & Rural Development ICRA A1+ 1.78%
Housing Development Finance Corporation Limited ICRA A1+ 1.78%
JSW Steel Limited CARE A1+ 0.93%
Total 71.96%
Name Of Instrument
Rating/Industry
% to Net
Assets

Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
LIC Housing Finance Limited CRISIL AAA 7.09%
Power Grid Corporation of India Limited CRISIL AAA 3.76%
Housing Development Finance Corporation Limited CRISIL AAA 3.75%
Mahindra & Mahindra Financial Services Limited IND AAA 2.24%
Small Industries Development Bank of India CARE AAA 1.87%
Indian Railway Finance Corporation Limited CARE AAA 1.87%
HDB Financial Services Limited CARE AAA 1.16%
Bajaj Finance Limited CRISIL AAA 0.94%
Aditya Birla Finance Limited ICRA AAA 0.94%
UltraTech Cement Limited CRISIL AAA 0.94%
LIC Housing Finance Limited CARE AAA 0.94%
Sundaram Finance Limited ICRA AAA 0.75%
Power Finance Corporation Limited CRISIL AAA 0.19%
Total 26.44%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 0.75%
Net Receivable/Payable 0.85%
Grand Total 100.00%
Average Maturity 0.48 years
Modified Duration 0.46 years
YTM 7.12%


Pursuant to declaration/ payment of dividend, the NAV will fall to the extent of the payout and statutory levy (if applicable).
Face value Rs10/-.
Past performance of the aforesaid schemes may or may not be sustained in future.
Please note that the dividend rates mentioned are post applicable dividend distribution tax deduction.

Investment objective:To generate reasonable and stable income and provide liquidity to the unit holder. To achieve this objective the scheme will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The scheme will not invest in equities or equity related instruments
Exit Load: Nil
For details of expenses charged to Regular Plan (subscriptions under which are not accepted w.e.f. October 01, 2012), please refer to the respective fund page under “Our Funds” on our website www.ltfs.com
ᵟ Pursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 14, 2018.
For details of other funds managed by the Fund Manager and the performance of the schemes, please refer to 'Scheme Performance Section'
+ Please refer to note on expense ratios in 'Fund Manager wise Scheme Details'

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