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L&T Ultra Short Term Fund Direct IDCW daily

Debt
Ultra Short Duration
Low to Moderate Risk
4.96%
3Y annualised
+0.03% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 Jun 2022₹10.51
Min. SIP amount₹1,000
Rating3
Fund size₹1,504.28Cr

Returns and rankings

Category: Debt Ultra Short Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns3.6%5.0%6.0%7.4%
Category average3.7%5.5%5.9%NA
Rank with in category19135NA
Understand terms

Holdings (23)

NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills10.5%
Reserve Bank of India
FinancialT-Bills10.4%
Reserve Bank of India
FinancialT-Bills7.8%
Housing Development Finance Corpn. Ltd.FinancialDebenture5.4%
Reliance Industries Ltd.EnergyCP5.2%
Reliance Jio Infocomm Ltd.CommunicationCP5.2%
Export-Import Bank Of India
FinancialCD5.2%
Reserve Bank of India
FinancialT-Bills5.2%
SBI Cards & Payments Services Ltd.FinancialCP5.2%
Reserve Bank of India
FinancialT-Bills5.0%
See All

Pros and cons

Category: Debt Ultra Short Duration

Pros

Cons

5Y annualised returns higher than category average by 0.12%
Consistently lower annualised returns than category average for the past 1Y and 3Y
Higher alpha: 2.58 The fund has generated returns higher than benchmark - NIFTY Ultra Short Duration Debt Index B-I - in the last 3Y
Exit load is zero
Lower expense ratio: 0.23%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

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 terms
Check past data

Minimum investment amounts

Min. for 1st investment₹10,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000

Fund management

Mahesh A Chhabria
Nov 2021 - Present
View details

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

Fund house & investment objective

Fund house contact details

Address
BrindavanPlot No. 177, CST RoadKalina, Santacruz (East) Mumbai 400098
Phone
022-66554000 / 1800-2000-400
Launch Date
25 Apr 1996
Website
NA
Amc Image
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in L&T Ultra Short Term Fund Direct IDCW daily?

You can easily invest in L&T Ultra Short Term Fund Direct IDCW daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for L&T Ultra Short Term Fund Direct IDCW daily from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in L&T Ultra Short Term Fund Direct IDCW daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does L&T Ultra Short Term Fund Direct IDCW daily provide?

The L&T Ultra Short Term Fund Direct IDCW daily has been there from 01 Jan 2013 and the average annual returns provided by this fund is 3.57% since its inception.

How much expense ratio is charged by L&T Ultra Short Term Fund Direct IDCW daily?

The term Expense Ratio used for L&T Ultra Short Term Fund Direct IDCW daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of L&T Ultra Short Term Fund Direct IDCW daily is 0.23% as of 25 Jun 2022...

What is the AUM of L&T Ultra Short Term Fund Direct IDCW daily?

The AUM, short for Assets Under Management of L&T Ultra Short Term Fund Direct IDCW daily is ₹1,504.28Cr as of 25 Jun 2022.

How to Redeem L&T Ultra Short Term Fund Direct IDCW daily?

If you want to sell your L&T Ultra Short Term Fund Direct IDCW daily holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of L&T Ultra Short Term Fund Direct IDCW daily?

You can select either SIP or Lumpsum investment of L&T Ultra Short Term Fund Direct IDCW daily based on your investment objective and risk tolerance.

What is the NAV of L&T Ultra Short Term Fund Direct IDCW daily?

The NAV of L&T Ultra Short Term Fund Direct IDCW daily is ₹10.51 as of 24 Jun 2022.

What is the PE and PB ratio of L&T Ultra Short Term Fund Direct IDCW daily?

The PE ratio ratio of L&T Ultra Short Term Fund Direct IDCW daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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