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 ₹2,541 Cr and the Latest NAV as of 23 Aug 2019 is ₹13.2.
The L&T Ultra Short Term Fund Direct Dividend monthly is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 10000. Nil.
Investment Objective
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.
Tax Implications
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)
₹10000
Min for First Investment
₹1000
Min for Second Investment