L&T ULTRA SHORT TERM FUND

Data as on June 30, 2022

 
 
 

L&T ULTRA SHORT TERM FUND

Data as on June 30, 2022

 
 

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. Mahesh Chhabria (w.e.f November 25, 2021)
Benchmark
NIFTY Ultra Short Duration Debt Index B-I
Month end AUM
1478.58 (Rs In Crs)
Monthly Average AUM
1,506.31 (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
% to Net
Assets

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper (Listed / Awaiting listing on Stock Exchanges) / Certificate of Deposit
➧ HDFC Bank Limited CARE A1+/ICRA A1+ 9.81%
➧ Small Industries Development Bank of India CARE A1+ 9.72%
➧ Axis Bank Limited CRISIL A1+ 8.17%
➧ Bank of Baroda IND A1+ 7.33%
➧ SBI Cards and Payment Services Limited CRISIL A1+ 6.67%
➧ Export Import Bank of India CRISIL A1+ 5.05%
Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL A1+ 3.34%
Canara Bank CRISIL A1+ 3.25%
Export Import Bank of India CRISIL A1+ 3.24%
Kotak Mahindra Bank Limited CRISIL A1+ 1.63%
Total 58.21%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
Name Of Instrument
Rating
% to Net
Assets

➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 7.05%
➧ Housing Development Finance Corporation Limited CRISIL AAA 6.96%
Rec Limited CRISIL AAA 2.08%
Total 16.09%
Treasury Bill
➧ 182 DAY T-BILL 15-09-2022 SOVEREIGN 13.39%
➧ 182 DAY T-BILL 25-08-2022 SOVEREIGN 5.04%
91 DAY T-BILL 28-07-2022 SOVEREIGN 0.00%
Total 18.43%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 7.80%
Net Receivable/Payable -0.53%
Net Assets 100.00%
Average Maturity 0.41 years
Modified Duration 0.39 years
Macaulay Duration 0.41 years
YTM 5.69%
➧ 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'
The Fund was co-managed by Mr. Shriram Ramanathan till November 24, 2021

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