L&T ULTRA SHORT TERM FUND

Data as on March 31, 2021

 
 
 

L&T ULTRA SHORT TERM FUND

Data as on March 31, 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
2,207.56 (Rs In Crs)
Monthly Average AUM
2,111.71 (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
➧ Housing Development Finance Corporation Limited ICRA A1+ 8.90%
➧ National Bank for Agriculture & Rural Development IND A1+ 8.77%
➧ Axis Bank Limited CRISIL A1+ 7.75%
➧ Bank of Baroda IND A1+ 4.51%
➧ LIC Housing Finance Limited CRISIL A1+ 4.50%
NTPC Limited ICRA A1+ 4.47%
Reliance Industries Limited CRISIL A1+ 3.38%
Kotak Mahindra Bank Limited CRISIL A1+ 2.19%
Bajaj Finance Limited CRISIL A1+ 1.12%
Total 45.59%
GOVERNMENT BONDS
➧ 08.79% GOI 8-NOV-2021 SOVEREIGN 14.48%
➧ 08.20% GOI 15-FEB-2022 SOVEREIGN 9.50%
Total 23.98%
Name Of Instrument
Rating/Industry
% to Net
Assets

Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ Small Industries Development Bank of India CARE AAA 6.56%
➧ National Highways Authority of India CRISIL AAA 4.72%
Kotak Mahindra Prime Limited CRISIL AAA 3.65%
Reliance Industries Limited CRISIL AAA 2.43%
Total 17.36%
Treasury Bill
➧ 91 DAYS T-BILL 11-JUN-21 SOVEREIGN 10.13%
Total 10.13%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 14.08%
Net Receivable/Payable -11.15%
Net Assets 100.00%
Average Maturity 0.48 years
Modified Duration 0.47 years
Macaulay Duration 0.48 years
YTM 3.63%
➧ 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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