L&T Ultra Short Term Fund

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

Fund Features

Scheme Classification

An Open ended ultra short debt scheme investing instruments such that Macaulay duration of the portfolio is between 3 months to 6 months

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 and Mr. Vikas Garg

Benchmark index

CRISIL Liquid Fund 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)

0.50% (As on 30th June 2019)

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Annual Recurring Expenses (Direct Plan)

0.20% (As on 30th June 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 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.

NAV

View Historic NAV

Asset Allocation

Asset Allocation is represented as:

Instruments	Indicative Allocation (% of net assets)		Risk Profile
Instruments	Maximum	Minimum	Risk Profile
Debt Securities	100%	0%	Low to Medium
Money Market Instruments (including cash/call money)	100%	0%	Low to Medium

Risk Factor

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.