L&T ULTRA SHORT TERM FUND

Data as on June 30, 2021

 
 
 

L&T ULTRA SHORT TERM FUND

Data as on June 30, 2021

 
 

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. There is no assurance that the investment objective of the scheme will be realized.




Date of Inception
Regular Plan April 10, 2003
Direct Plan January 01, 2013
Fund Manager
Mr. Jalpan Shah (w.e.f June 30, 2014)
& Mr. Shriram Ramanathan (w.e.f March 21, 2020)
Benchmark
NIFTY Ultra Short Duration Debt Index
Month end AUM
2,769.43 (Rs In Crs)
Monthly Average AUM
2,913.82 (Rs In Crs)
Options
•Growth
•IDCW (Reinvestment and Payout)
1. Weekly IDCW
2. Monthly IDCW
3. Semi- annual IDCW
•Daily IDCW Reinvestment Plan

Name Of Instrument
Rating/Industry
% to Net
Assets

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper (Listed / Awaiting listing on Stock Exchanges) / Certificate of Deposit
➧ National Bank for Agriculture & Rural Development IND A1+ 8.85%
➧ Axis Bank Limited CRISIL A1+ 8.55%
➧ Housing Development Finance Corporation Limited ICRA A1+ 7.16%
➧ Export Import Bank of India CRISIL A1+ 6.21%
Reliance Industries Limited CRISIL A1+ 2.69%
Network18 Media & Investments Limited IND A1+ 2.16%
Kotak Mahindra Bank Limited CRISIL A1+ 1.77%
Small Industries Development Bank of India CARE A1+ 1.76%
Total 39.15%
GOVERNMENT BONDS
➧ 08.20% GOI 15-FEB-2022 SOVEREIGN 15.28%
➧ 08.79% GOI 8-NOV-2021 SOVEREIGN 13.58%
Total 28.86%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ National Highways Authority of India CRISIL AAA 3.80%
Name Of Instrument
Rating/Industry
% to Net
Assets

Small Industries Development Bank of India CARE AAA 3.31%
Reliance Industries Limited CRISIL AAA 1.57%
Housing Development Finance Corporation Limited CRISIL AAA 0.92%
Total 9.60%
Treasury Bill
➧ 91 DAYS T-BILL 16-SEP-21 SOVEREIGN 5.38%
➧ 364 DAYS T-BILL 17-FEB-22 SOVEREIGN 5.29%
➧ 91 DAYS T-BILL 30-SEP-21 SOVEREIGN 3.58%
182 DAYS T-BILL 14-OCT-21 SOVEREIGN 3.57%
364 DAYS T-BILL 11-MAR-22 SOVEREIGN 1.76%
364 DAYS T-BILL 24-MAR-22 SOVEREIGN 0.88%
Total 20.46%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 6.94%
Net Receivable/Payable -5.01%
Net Assets 100.00%
Average Maturity 0.43 years
Modified Duration 0.41 years
Macaulay Duration 0.43 years
YTM 3.67%
➧ Indicates top ten instruments






Exit Load: Nil
For details of 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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