Fund Features

Scheme Classification

An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years

Objective

To generate regular returns and capital appreciation by investing in debt, government and money market securities.

Inception date

December 27, 2011

Fund Managers

Mr. Shriram Ramanathan and Mr. Jalpan Shah

Benchmark index

CRISIL Short Term Bond Fund Index

Minimum Investment

Fresh purchase: Rs. 10,000/- per application and in multiples of Re. 1/- thereafter 
Additional investment: Rs 1,000 per application and thereafter in multiples of Re.1

Annual Recurring Expenses (Regular Plan)

0.70%  (As on 31st May 2019)

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Annual Recurring Expenses (Direct Plan)

0.20%  (As on 31st May 2019)

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Note:

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.

Entry Load

NIL

 

Exit Load

Nil


Minimum purchase amount

For all Options - A minimum of Rs. 10,000/- and in multiples of Re. 1/- thereafter

Minimum additional purchase amount

For all Options - A minimum of Rs. 1,000/- per application and in multiples of Re. 1/- thereafter.

Minimum redemption amount/units

A minimum of Rs. 500/- per application or 50 units.

Note:

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

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NAV

L&T Short Term Bond Fund (Formerly Known as L&T Short Term Opportunities Fund)
Regular, Growth
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Asset Allocation

Asset Allocation is represented as:
Instruments
Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum  

Debt Instruments *

100% 0%
Low to Medium

Money Market Instruments  ^

100% 0% Low to Medium

*Debt instruments would include all debt securities issued by entities such as banks, companies, public sector undertakings,

municipal corporations, body corporates, warrants, equity linked debentures (with no equity component), compulsorily convertible debenture (with no equity linked returns), capital instruments including Basel III bonds, central government securities, state development loans and UDAY bonds, recapitalization bonds, municipal bonds and G-Sec repos and any other instruments as permitted by regulators from time to time.

 ^Money market instruments would include certificate of deposits, commercial papers, t-bills, repo, reverse repos and CBLO, bill ediscounting, bills of exchange / promissory notes, stand by letter of credit (SBLC) backed commercial papers and government securities having unexpired maturity of 1 year and such other instruments as eligible from time to time.

Due to market conditions, the AMC may invest beyond the range set out in the asset allocation. Such deviations shall normally be for a short term purpose only, and the intention being at all times to protect the interests of the Unit Holders. In the event of deviations,
rebalancing will normally be carried out within 30 days.

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Risk Factor

This product is suitable for investors who are seeking*

 

Generation of regular returns over short term 

Investment in fixed income securities of shorter term maturity

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

 

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