L&T Low Duration Fund

An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months (please refer to page no.17 under the section “Asset Allocation Pattern” in the SID for details on Macaulay’s Duration). A relatively low interest rate risk and moderate credit risk.

To generate reasonable returns primarily through investments in fixed income securities and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

December 4, 2010

Mr. Shriram Ramanathan (w.e.f Nov 24, 2012) & Mr. Jalpan Shah (w.e.f March 21, 2020)

NIFTY Low Duration Debt Index

Yes

Rs. 10,000 and in multiples of Rs.1 thereafter

Minimum Additional Investment: Rs. 1,000 and thereafter in multiples of Rs. 1

0.92% (As on 31st December 2021)

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0.27% (As on 31st December 2021)

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The above ratio includes 5 bps of additional expenses.

Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and GST on investment management fees are also being charged.

NIL

If the units redeemed or switched out are upto 10% of the units purchased or switched in ("the limit") within 3 months from the date of allotment: NIL

If the units redeemed or switched out are over and above the limit within 3 months from the date of allotment: 1% of Applicable NAV

If the units redeemed or switched out on or after 3 months from the date of allotment: NIL

Rs. 10,000 per application.

Rs. 1,000 and thereafter in multiples of Rs. 1.

Rs. 500 or 50 Units.

Scheme Information Document, Key Information Memorandum and Application Forms / Transaction Slips available at the ISCs / distributors.