L&T Ultra Short Term Fund
The fund aims for consistency, stability and liquidity by keeping duration and credit risk low.
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.
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.
November 27, 1997
NIFTY Ultra Short Duration Debt Index
Yes. (For more information on SIP, please refer to the section on "Facilities Offered to Investors under the Scheme" in the SID)
0.39% (As on 30th June 2022)
0.23% (As on 30th June 2022)
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.
Growth/Weekly Dividend/Monthly Dividend/Semi-annual Dividend: Rs. 10,000 per application and in multiples of Re. 1 thereafter;
Rs. 1,000 per application and in multiples of Re. 1 thereafter
Growth/Weekly Dividend/Monthly Dividend/Semi-annual Dividend and Daily Dividend Reinvestment Plan: Rs. 500 or 50 units.
|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)|
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.