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

You can easily invest in L&T Ultra Short Term Fund Direct Growth 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 Growth 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 Growth as SIP or lumpsum as per your investment objective and risk tolerance

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

The L&T Ultra Short Term Fund Direct Growth has been there from 01 Jan 2013 and the average annual returns provided by this fund is 4.39% since its inception.

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

The term Expense Ratio used for L&T Ultra Short Term Fund Direct Growth 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 Growth is 0.23% as of 24 Nov 2024...

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

The AUM, short for Assets Under Management of L&T Ultra Short Term Fund Direct Growth is ₹1,504.85Cr as of 24 Nov 2024.

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

If you want to sell your L&T Ultra Short Term Fund Direct Growth 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 Growth?

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

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

The NAV of L&T Ultra Short Term Fund Direct Growth is ₹37.47 as of 25 Nov 2022.

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

The PE ratio ratio of L&T Ultra Short Term Fund Direct Growth 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).

L&T Ultra Short Term Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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L&T Ultra Short Term Fund Direct  Growth
Debt
Ultra Short Duration
Low to Moderate Risk
4.61%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
  NAV: 25 Nov 2022₹37.47
Min. SIP amountNot Supported
Rating3
Fund size₹1,504.85Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Ultra Short Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.4%4.6%5.9%7.3%
Category average7.1%5.9%5.3%NA
Rank with in category18156NA
Understand terms
Peer ComparisonDebt, Ultra Short Duration fundsRating1Y3YFund Size(Cr)
Nippon India Ultra Short Duration Fund Direct Growth
5
8.0%6.9%7,256.63
Axis Ultra Short Duration Fund Direct Growth
4
7.9%6.7%5,201.51
ICICI Prudential Ultra Short Term Fund Direct Growth
4
7.8%6.7%13,757.04
Tata Ultra Short Term Fund Direct   Growth
4
7.8%6.6%2,620.23
Mahindra Manulife Ultra Short Duration Fund Direct   Growth
4
7.8%6.5%235.61
Holdings (21)NameSectorInstrumentAssets
Housing Development Finance Corpn. Ltd.
FinancialDebenture8.71%
Bank Of Baroda
FinancialCD7.33%
Reserve Bank of India
FinancialT-Bills6.58%
Axis Bank Ltd.
FinancialCD6.52%
Reserve Bank of India
FinancialT-Bills6.50%
Small Industries Devp. Bank of India Ltd.
FinancialCP6.47%
Reliance Industries Ltd.
EnergyNCD5.19%
GOI
SovereignGOI Sec5.04%
Power Grid Corporation of India Ltd.
EnergyBonds4.93%
Kotak Mahindra Bank Ltd.
FinancialCD4.89%
HDFC Bank Ltd.
FinancialCD4.87%
Reserve Bank of India
FinancialT-Bills3.29%
LIC Housing Finance Ltd.
FinancialCP3.25%
Small Industries Devp. Bank of India Ltd.
FinancialCP3.25%
Canara Bank
FinancialCD3.25%
Export-Import Bank Of India
FinancialCD3.24%
Bajaj Finance Ltd.
FinancialDebenture3.14%
REC Ltd.
FinancialNCD2.07%
Axis Bank Ltd.
FinancialCD1.64%
Kotak Mahindra Bank Ltd.
FinancialCD1.63%
National Bank For Agriculture & Rural Development
FinancialCP1.63%
See All
Understand termsExpense ratioA 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.
TaxA 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 loadA 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 dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Oct 2022 - Present
0.23%
31 Oct 2022 - 31 Oct 2022
0.23%
31 Oct 2022 - 31 Oct 2022
0.23%
31 Oct 2022 - 31 Oct 2022
0.23%
31 Oct 2022 - 31 Oct 2022
0.23%
30 Sep 2022 - 31 Oct 2022
0.23%
30 Sep 2022 - 30 Sep 2022
0.23%
30 Sep 2022 - 30 Sep 2022
0.23%
30 Sep 2022 - 30 Sep 2022
0.23%
31 Aug 2022 - 30 Sep 2022
0.23%
31 Aug 2022 - 31 Aug 2022
0.23%
31 Aug 2022 - 31 Aug 2022
0.23%
31 Aug 2022 - 31 Aug 2022
0.23%
31 Jul 2022 - 31 Aug 2022
0.23%
31 Jul 2022 - 31 Jul 2022
0.23%
31 Jul 2022 - 31 Jul 2022
0.23%
30 Jun 2022 - 31 Jul 2022
0.23%
30 Jun 2022 - 30 Jun 2022
0.23%
30 Jun 2022 - 30 Jun 2022
0.23%
31 May 2022 - 30 Jun 2022
0.23%
31 May 2022 - 31 May 2022
0.23%
31 May 2022 - 31 May 2022
0.23%
30 Apr 2022 - 31 May 2022
0.23%
30 Apr 2022 - 30 Apr 2022
0.23%
30 Apr 2022 - 30 Apr 2022
0.23%
31 Mar 2022 - 30 Apr 2022
0.23%
31 Mar 2022 - 31 Mar 2022
0.23%
31 Mar 2022 - 31 Mar 2022
0.23%
28 Feb 2022 - 31 Mar 2022
0.23%
28 Feb 2022 - 28 Feb 2022
0.23%
28 Feb 2022 - 28 Feb 2022
0.23%
31 Jan 2022 - 28 Feb 2022
0.23%
31 Jan 2022 - 31 Jan 2022
0.23%
31 Dec 2021 - 31 Jan 2022
0.23%
31 Dec 2021 - 31 Dec 2021
0.23%
30 Nov 2021 - 31 Dec 2021
0.23%
31 Oct 2021 - 30 Nov 2021
0.23%
30 Sep 2021 - 31 Oct 2021
0.23%
31 Aug 2021 - 30 Sep 2021
0.23%
31 Jul 2021 - 31 Aug 2021
0.23%
30 Jun 2021 - 31 Jul 2021
0.23%
31 May 2021 - 30 Jun 2021
0.23%
30 Apr 2021 - 31 May 2021
0.23%
31 Mar 2021 - 30 Apr 2021
0.23%
28 Feb 2021 - 31 Mar 2021
0.23%
31 Jan 2021 - 28 Feb 2021
0.23%
31 Dec 2020 - 31 Jan 2021
0.23%
30 Nov 2020 - 31 Dec 2020
0.23%
31 Oct 2020 - 30 Nov 2020
0.23%
30 Sep 2020 - 31 Oct 2020
0.23%
31 Aug 2020 - 30 Sep 2020
0.23%
31 Jul 2020 - 31 Aug 2020
0.23%
30 Jun 2020 - 31 Jul 2020
0.23%
31 May 2020 - 30 Jun 2020
0.23%
30 Apr 2020 - 31 May 2020
0.23%
31 Mar 2020 - 30 Apr 2020
0.23%
29 Feb 2020 - 31 Mar 2020
0.23%
31 Jan 2020 - 29 Feb 2020
0.23%
31 Dec 2019 - 31 Jan 2020
0.23%
30 Nov 2019 - 31 Dec 2019
0.23%
31 Oct 2019 - 30 Nov 2019
0.23%
30 Sep 2019 - 31 Oct 2019
0.23%
31 Aug 2019 - 30 Sep 2019
0.23%
31 Jul 2019 - 31 Aug 2019
0.23%
30 Jun 2019 - 31 Jul 2019
0.22%
31 May 2019 - 30 Jun 2019
0.22%
30 Apr 2019 - 31 May 2019
0.22%
31 Mar 2019 - 30 Apr 2019
0.22%
28 Feb 2019 - 31 Mar 2019
0.22%
31 Jan 2019 - 28 Feb 2019
0.22%
31 Dec 2018 - 31 Jan 2019
0.22%
30 Nov 2018 - 31 Dec 2018
0.22%
31 Oct 2018 - 30 Nov 2018
0.22%
30 Sep 2018 - 31 Oct 2018
0.22%
31 Aug 2018 - 30 Sep 2018
0.23%
31 Jul 2018 - 31 Aug 2018
0.23%
30 Jun 2018 - 31 Jul 2018
0.20%
31 May 2018 - 30 Jun 2018
0.20%
30 Apr 2018 - 31 May 2018
0.20%
31 Mar 2018 - 30 Apr 2018
0.21%
28 Feb 2018 - 31 Mar 2018
0.22%
31 Jan 2018 - 28 Feb 2018
0.22%
31 Dec 2017 - 31 Jan 2018
0.22%
30 Nov 2017 - 31 Dec 2017
0.22%
31 Oct 2017 - 30 Nov 2017
0.22%
Expense ratio, exit load and taxExpense ratio: 0.23%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementMahesh A Chhabria
Nov 2021 - Present
View details
Education
Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.
Experience
Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
Also manages these schemes
L&T Overnight Fund Direct Growth
L&T Liquid Plan Direct Growth
L&T Ultra Short Term Fund Direct  Growth
HSBC Conservative Hybrid Fund Direct Growth
HSBC Overnight Fund Direct   Growth
HSBC Ultra Short Duration Fund Direct   Growth
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct   Growth
HSBC Equity Savings Fund Direct Growth
HSBC Dynamic Bond Fund Direct Growth
HSBC Banking and PSU Debt Fund Direct Growth
HSBC Low Duration Fund Direct Growth
HSBC Balanced Advantage Fund Direct Growth
HSBC Arbitrage Fund Direct Growth
HSBC CRISIL IBX Gilt June 2027 Index Fund Direct   Growth
Jalpan Shah
Jun 2014 - Present
View details
Education
Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience
Prior to joining Trust Mutual Fund,he was associated with HSBC Mutual Fund, L&T Mutual Fund, 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
L&T Overnight Fund Direct Growth
L&T Liquid Plan Direct Growth
L&T Ultra Short Term Fund Direct  Growth
L&T Conservative Hybrid Fund Direct Growth
HSBC Medium to Long Duration Fund Direct Growth
L&T FMP Series XVI Plan A (1223 Days) Direct   Growth
L&T FMP Series XVIII Plan C (1178 Days) Direct   Growth
HSBC Ultra Short Duration Fund Direct   Growth
TRUSTMF Banking & PSU Fund Direct   Growth
TRUSTMF Liquid Fund Direct   Growth
TRUSTMF Short Duration Fund Direct   Growth
TRUSTMF Overnight Fund Direct   Growth
TRUSTMF Money Market Fund Direct   Growth
TRUSTMF Corporate Bond Fund Direct   Growth
TRUSTMF Fixed Maturity Plan   Series II (1196 Days) Direct   Growth
Fund house & investment objective
L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM₹75,122.75Cr
Date of Incorporation25 Apr 1996
    L&T Ultra Short Term Fund Direct  Growth is a Debt Mutual Fund Scheme launched by L&T Mutual Fund.     This scheme was made available to investors on 25 Apr 1996.     Jalpan Shah, Vikas Garg is the Current Fund Manager of L&T Ultra Short Term Fund Direct  Growth fund.     The fund currently has an Asset Under Management(AUM) of ₹75,123 Cr and     the Latest NAV as of 25 Nov 2022 is ₹37.47.  

    The L&T Ultra Short Term Fund Direct  Growth is rated Low to Moderate risk.     Minimum SIP Investment is set to ₹1,000.          
  ;
Investment ObjectiveThe 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. 
 
;
Fund benchmarkNIFTY Ultra Short Duration Debt Index B-I
Scheme Information Document(SID)
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
E-mail
[email protected]
Website
www.lntmf.com
L&T Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
L&T Ultra Short Term Fund Direct  Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	4.4%	4.6%	5.9%	7.3%
Category average	7.1%	5.9%	5.3%	NA
Rank with in category	18	15	6	NA

Debt, Ultra Short Duration funds	Rating	1Y	3Y	Fund Size(Cr)
Nippon India Ultra Short Duration Fund Direct Growth	5	8.0%	6.9%	7,256.63
Axis Ultra Short Duration Fund Direct Growth	4	7.9%	6.7%	5,201.51
ICICI Prudential Ultra Short Term Fund Direct Growth	4	7.8%	6.7%	13,757.04
Tata Ultra Short Term Fund Direct Growth	4	7.8%	6.6%	2,620.23
Mahindra Manulife Ultra Short Duration Fund Direct Growth	4	7.8%	6.5%	235.61

Name	Sector	Instrument	Assets
Housing Development Finance Corpn. Ltd.	Financial	Debenture	8.71%
Bank Of Baroda	Financial	CD	7.33%
Reserve Bank of India	Financial	T-Bills	6.58%
Axis Bank Ltd.	Financial	CD	6.52%
Reserve Bank of India	Financial	T-Bills	6.50%
Small Industries Devp. Bank of India Ltd.	Financial	CP	6.47%
Reliance Industries Ltd.	Energy	NCD	5.19%
GOI	Sovereign	GOI Sec	5.04%
Power Grid Corporation of India Ltd.	Energy	Bonds	4.93%
Kotak Mahindra Bank Ltd.	Financial	CD	4.89%
HDFC Bank Ltd.	Financial	CD	4.87%
Reserve Bank of India	Financial	T-Bills	3.29%
LIC Housing Finance Ltd.	Financial	CP	3.25%
Small Industries Devp. Bank of India Ltd.	Financial	CP	3.25%
Canara Bank	Financial	CD	3.25%
Export-Import Bank Of India	Financial	CD	3.24%
Bajaj Finance Ltd.	Financial	Debenture	3.14%
REC Ltd.	Financial	NCD	2.07%
Axis Bank Ltd.	Financial	CD	1.64%
Kotak Mahindra Bank Ltd.	Financial	CD	1.63%
National Bank For Agriculture & Rural Development	Financial	CP	1.63%

Rank (total assets)	#12 in India
Total AUM	₹75,122.75Cr

Date of Incorporation	25 Apr 1996

Fund benchmark	NIFTY Ultra Short Duration Debt Index B-I

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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

L&T Ultra Short Term Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Peer Comparison

Holdings (21)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.23%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Mahesh A ChhabriaNov 2021 - PresentView details

Jalpan ShahJun 2014 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Mahesh A Chhabria
Nov 2021 - Present
View details

Jalpan Shah
Jun 2014 - Present
View details