L&T ULTRA SHORT TERM FUND

Data as on March 31, 2022

 
 
 

L&T ULTRA SHORT TERM FUND

Data as on March 31, 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
Month end AUM
1,561.61 (Rs In Crs)
Monthly Average AUM
1,668.64 (Rs In Crs)
Options
•Growth
•IDCW (Reinvestment and Payout)
1. Weekly IDCW
2. Monthly IDCW
3. Semi- annual IDCW
•Daily IDCW Reinvestment Plan

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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+ 7.76%
➧ Axis Bank Limited CRISIL A1+ 7.29%
➧ Reliance Jio Infocomm Limited CRISIL A1+ 6.35%
➧ Reliance Industries Limited CRISIL A1+ 6.34%
➧ Small Industries Development Bank of India CARE A1+ 6.14%
LIC Housing Finance Limited CRISIL A1+ 3.18%
Canara Bank CRISIL A1+ 3.07%
Kotak Mahindra Bank Limited CRISIL A1+ 1.54%
Bank of Baroda IND A1+ 0.77%
Total 42.44%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 6.62%
Name Of Instrument
Rating
% to Net
Assets

Rec Limited CRISIL AAA 3.39%
Total 10.01%
Treasury Bill
➧ 91 DAY T-BILL 30-06-2022 SOVEREIGN 12.69%
➧ 182 DAY T-BILL 15-09-2022 SOVEREIGN 12.57%
➧ 182 DAY T-BILL 25-08-2022 SOVEREIGN 9.45%
➧ 182 DAY T-BILL 08-09-2022 SOVEREIGN 6.29%
364 DAY T-BILL 16-06-2022 SOVEREIGN 3.18%
Total 44.18%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 17.13%
Net Receivable/Payable -13.75%
Net Assets 100.00%
Average Maturity 0.43 years
Modified Duration 0.42 years
Macaulay Duration 0.43 years
YTM 4.19%
➧ 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
With effect from April 01, 2022, the first tier benchmark index of the Scheme shall be NIFTY Ultra Short Duration Debt Index B-I . Refer our addendum dated March 31, 2022

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