L&T Ultra Short Term Fund Direct Bonus is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 16 May 2014. Jalpan Shah, Vikas Garg is the Current Fund Manager of L&T Ultra Short Term Fund Direct Bonus fund.The fund currently has an Asset Under Management(AUM) of ₹1,616 Cr and the Latest NAV as of 27 May 2020 is ₹18.56.
The L&T Ultra Short Term Fund Direct Bonus is rated Moderately Low risk. Minimum SIP Investment is set to 1000.
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.