L&T Low Duration Fund Direct Dividend is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Shriram Ramanathan, Vikas Garg is the Current Fund Manager of L&T Low Duration Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹974 Cr and the Latest NAV as of 18 Oct 2019 is ₹10.99.
The L&T Low Duration Fund Direct Dividend is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 10000. Exit load of 1% if redeemed within 3 months for investments more than 10% of the units purchased..
The investment objective of the Scheme is to generate reasonable returns primarily through investments in fixed income securities and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 3 months for investments more than 10% of the units purchased.