L&T Ultra Short Term Fund Dividend Daily+0.02%

3Groww
8.22%
1 Year Return
Debt
Ultra Short Duration
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

L&T Ultra Short Term Fund Dividend Daily

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.53%
NAV10.3 (23 Aug 2019)
Fund Started21 May 2007
Fund Size2,541 Cr

Returns

1Y
3Y*
5Y*
Since inception*
L&T Ultra Short Term Fund Dividend Daily
8.2%
7.4%
7.9%
7.5%
Category Average
6.2%
6.5%
7.3%
-
Rank within category
8
8
7
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 8.2% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. Risk-adjusted returns are higher compared to the category
    3. Risk is lower compared to the benchmark
    4. 1Y Returns are higher than the benchmark
    5. 3Y Returns are higher than the benchmark
    6. Exit load is zero
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    Small Industries Devp. Bank of India Ltd.FinancialCP6.6%
    HDFC Bank Ltd.FinancialCD5.7%
    LIC Housing Finance Ltd.FinancialDebenture4.0%
    Power Grid Corporation of India Ltd.EnergyDebenture4.0%
    Indian BankFinancialCD3.9%
    HDB Financial Services Ltd.FinancialCP3.8%
    National Bank For Agriculture & Rural DevelopmentFinancialCP3.8%
    Sundaram Finance Ltd.FinancialCP3.8%
    Bank Of BarodaFinancialCD3.7%
    Axis Bank Ltd.FinancialCD2.9%
    See All

    Fund Managers

    addJalpan Shah
    Education
    Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
    Experience
    Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
    Funds Managed
    addVikas Garg
    Education
    Mr. Garg is CFA MBA Finance, B-Tech and M- Tech
    Experience
    Prior to joining L&T Mutual Fund he has worked with Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager
    Funds Managed

    Other Details

    L&T Ultra Short Term Fund Dividend Daily is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 21 May 2007. Jalpan Shah, Vikas Garg is the Current Fund Manager of L&T Ultra Short Term Fund Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹2,541 Cr and the Latest NAV as of 23 Aug 2019 is ₹10.3.

    The L&T Ultra Short Term Fund Dividend Daily is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 100000. Nil.

    Investment Objective

    The investment objective is 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 equalities or equity related instruments.

    Tax Implications

    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)

    ₹100000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About L&T Mutual Fund

    Address
    6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
    Phone
    022-66554000
    Launch Date
    02 Jan 1997
    L&T Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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