Invest in L&T Ultra Short Term Fund

L&T Ultra Short Term Fund

The fund aims for consistency, stability and liquidity by keeping duration and credit risk low.

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Fund Features

Type of the scheme

An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months to 6 months (please refer to page no. 18 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.

Objective

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.

Inception date

November 27, 1997

Fund Managers
Mr. Jalpan Shah (w.e.f June 30, 2014) & Mr. Shriram Ramanathan (w.e.f March 21, 2020)
Benchmark index

NIFTY Ultra Short Duration Debt Index

SIP Availability

Yes. (For more information on SIP, please refer to the section on "Facilities Offered to Investors under the Scheme" in the SID)

Annual Recurring Expenses (Regular Plan)

0.39% (As on 31st December 2021)

Click here to view daily TER

Annual Recurring Expenses (Direct Plan)

0.23% (As on 31st December 2021)

Click here to view daily TER

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 Initial Application Amount

Growth/Weekly Dividend/Monthly Dividend/Semi-annual Dividend: Rs. 10,000 per application and in multiples of Re. 1 thereafter;

 

 

Minimum Additional Application Amount

Rs. 1,000 per application and in multiples of Re. 1 thereafter

Minimum Amount/Number of Units for Redemption

Growth/Weekly Dividend/Monthly Dividend/Semi-annual Dividend and Daily Dividend Reinvestment Plan: Rs. 500 or 50 units.

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NAV

L&T Ultra Short Term Fund
Regular, Growth
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PRC Matrix

 

 

Potential Risk Class
Credit Risk→ Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest Rate Risk↓
Relatively Low (Class I) B-I  
Moderate (Class II)    
Relatively High (Class III)
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Product Label

Risk Factor For Short Term Investment -LTFS

This product is suitable for investors who are seeking*

 

Generation of reasonable and stable income and liquidity over short term

Investments predominantly in highly liquid money market instruments, government securities and corporate debt

*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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Portfolios

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Speak to us

 a.)  For Investors

Toll-free number - 1800 4190 200/
1800 2000 400

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

Email id – investor.line@lntmf.co.in

 

 b.)  For Distributors

Phone number - 1800 4199 800/3030 9800

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

Email id – partner.line@lntmf.co.in

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