1M
6M
1Y
3Y
5Y
All
| NAV: 26 Jul 2021 | ₹19.39 |
|---|---|
| Min. SIP Amount | NA |
| Rating | 3star |
|---|---|
| Fund Size | ₹2,769.43 Cr |
Holdings (24)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | CGL | 15.3% |
GOI | Sovereign | CGL | 13.6% |
Housing Development Finance Corpn. Ltd.-Warrant | Financial | CP | 7.2% |
Export-Import Bank Of India | Financial | CD | 6.2% |
| Axis Bank Ltd. | Financial | CD | 6.2% |
Reserve Bank of India | Financial | T-Bills | 5.4% |
Reserve Bank of India | Financial | T-Bills | 5.3% |
National Highways Authority of India Ltd. | Services | NCD | 3.8% |
Reserve Bank of India | Financial | T-Bills | 3.6% |
Reserve Bank of India | Financial | T-Bills | 3.6% |
See All
Pros and cons
Category: Debt Ultra Short Duration
Pros
- Lower expense ratio - 0.23%
- 3Y Returns are higher than the category average returns
- 5Y Returns are higher than the category average returns
- Exit load is zero
Cons
- 1Y Returns are lower than the category average returns
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Expense ratio, exit load and tax
Expense ratio: 0.23%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Fund management
Shriram Ramanathan
Mar 2020 - Present
View Details
Education
Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience
Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Also manages these schemes
Jalpan Shah
Jun 2014 - Present
View Details
Education
Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience
Prior to joining L&T Mutual Fund, 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.
Also manages these schemes
Vikas Garg
Apr 2017 - Present
View Details
Education
Mr. Garg is CFA MBA Finance, B-Tech and M- Tech
Experience
Prior to joining Invesco India Mutual Fund, he has worked with L&T Mutual Fund as Fund Manager, Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | #12 in India |
|---|---|
| Total AUM | 71,233.36 Cr |
| Date of Incorporation | 03 Jan 1997 |
|---|
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 03 Ja
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 03 Jan 1997. 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 ₹71,233 Cr and the Latest NAV as of 26 Jul 2021 is ₹19.39.
The L&T Ultra Short Term Fund Direct Bonus is rated Low to Moderate risk. Minimum SIP Investment is set to 1000.
...Read more
Investment Objective
The scheme seeks to provide regular and stable return and invests only in corporate bonds and government securities predominantly with a rating of AA
The scheme seeks to provide regular and stable return and invests only in corporate bonds and government securities predominantly with a rating of AA or above.
...Read more
| Fund benchmark | NIFTY Ultra Short Duration Debt |
|---|
Fund house contact details
Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
E-mail
[email protected]Website
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
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