1M
6M
1Y
3Y
5Y
All
| NAV: 14 Oct 2021 | ₹13.05 |
| Min. SIP amount | NA |
| Rating | 3star |
| Fund size | ₹2,099.57 Cr |
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Debt Ultra Short Duration
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 3.5% | 6.1% | 6.6% | 7.7% |
| Category average | 3.7% | 5.5% | 5.9% | NA |
| Rank with in category | 20 | 11 | 6 | NA |
Understand termsinfo
Holdings (22)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | CGL | 16.6% |
GOI | Sovereign | CGL | 15.4% |
Export-Import Bank Of India | Financial | CD | 7.0% |
Axis Bank Ltd. | Financial | CD | 7.0% |
Reserve Bank of India | Financial | T-Bills | 6.0% |
Indian Oil Corporation Ltd. | Energy | CP | 4.1% |
Housing Development Finance Corpn. Ltd.-Warrant | Financial | CP | 4.1% |
Reserve Bank of India | Financial | T-Bills | 4.0% |
Reserve Bank of India | Financial | T-Bills | 4.0% |
National Bank For Agriculture & Rural Development | Financial | CD | 4.0% |
See All
Disclaimer
This content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
infoCategory: Debt Ultra Short Duration
thumb_up_alt
Pros
3Y and 5Y annualised returns higher than category average
Higher alpha: 3.06
The fund has generated returns higher than benchmark - NIFTY Ultra Short Duration Debt - 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
thumb_down_alt
Cons
1Y annualised returns lower than category average by 0.1%
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.
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
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 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
Check past data
Minimum investment amounts
| Min. for 1st investment | NA |
| Min. for 2nd investment onwards | NA |
| Min. for SIP | NA |
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 IDCW monthly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors o
L&T Ultra Short Term Fund Direct IDCW monthly 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 IDCW monthly fund. The fund currently has an Asset Under Management(AUM) of ₹71,233 Cr and the Latest NAV as of 14 Oct 2021 is ₹13.05.
The L&T Ultra Short Term Fund Direct IDCW monthly 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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L&T Ultra Short Term Fund Direct IDCW monthly
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