L&T Ultra Short Term Fund

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

Mr. Jalpan Shah and Mr. Mahesh Chhabria (w.e.f. November 25, 2021)

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)

Click here to view daily TER

0.23% (As on 30th June 2022)

Click here to view daily TER

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

NIL

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.