L&T Ultra Short Term Fund Direct Dividend monthly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Jalpan Shah, Vikas Garg is the Current Fund Manager of L&T Ultra Short Term Fund Direct Dividend monthly.The fund currently has an Asset Under Management(AUM) of ₹2,454 Cr and the Latest NAV as of 16 Jan 2020 is ₹13.13.
The L&T Ultra Short Term Fund Direct Dividend monthly is rated Moderately Low risk. Minimum SIP Investment is 1000. Nil.
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.
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)
Min for First Investment
Min for Second Investment