L&T Ultra Short Term Fund Regular Growth - Latest NAV, Returns, Performance & Portfolio

L&T Ultra Short Term Fund

  • highlight7.94%
  • highlight0.01(0.04%)

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Min amount: 1000

Calculate Returns

Rs. 0 invested monthly becomes Rs. 0 in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years8.12%
5 Years7.94%
3 Years7.4%
1 Year8.23%
6 Months4.1%
Fund Details
ISININF917K01AS7
RiskModerately Low risk
Fund TypeUltra Short Duration
NAV31.4518
Exit Load--

More about this fundstar

Top HoldingsWeightage
LIC Housing Finance Limited3.97%
Power Grid Corporation Of India Limited3.96%
Mahindra & Mahindra Financial Services Ltd2.36%
Housing Development Finance Corporation Limited1.98%
Indian Railway Finance Corporation Limited1.97%
Small Industries Development Bank Of India1.97%
Power Finance Corporation Ltd.1.78%
LIC Housing Finance Limited1.53%
HDB Financial Services Limited1.23%
Bajaj Finance Limited0.99%

About L&T Ultra Short Term Fund

The Scheme is an open-ended debt scheme investing instruments such that Macaulay duration of the portfolio is between 3 months to 6 months. The Macaulay duration calculates the weighted average time before a bondholder receive the bond’s cash-flows. The scheme seeks to generate reasonable and stable income and provide liquidity to the unit holders. The Scheme is benchmarked against Crisil Liquid Fund Index.

Pros & Cons of L&T Ultra Short Term Fund

L&T Ultra Short Term Fund offers following features:

  1. Ultra short term funds typically provide 7-9% of annualized return which are moderately a little higher than the liquid funds.
  2. However, these schemes are more volatile as compared to liquid funds. The Scheme has provided annualized return of 7.45% since inception.
  3. The scheme only invests in corporate bonds and government securities predominantly with AA rating or above

Fund Information and Statistics of L&T Ultra Short Term Fund

i) Inception / Launch date

The Regular Plan of the Scheme was launched by L&T Mutual Fund on 27 November 1997 and Direct Plan of the Scheme was launched on 1 January 2013.

ii) Risk level

As the Scheme invests in highly liquid money market instruments, government securities and corporate debt, the scheme is moderately low risk proposition.

iii) Redemption

The Scheme is open for purchase/redemptions on all business days by fund house based on applicable NAV price and redemption proceeds are generally paid within 3 business days from the date of acceptance of redemption request.

iv) Fund Manager

The Scheme is currently being managed by Mr. Jalpan Shah who is managing the scheme since June 2014 and Mr. Vikas Garg who is managing the scheme since April 2017.

v) Entry / Exit load

No entry or exit load is charged by the fund house on subscriptions or redemptions, respectively.

Tax benefits of investing in L&T Ultra Short Term Fund

Long term capital gains are taxed at the rate of 20% after indexation (if held for 36 months or more). Short term gains are added to income and subject to short term capital gain tax as per income tax slab under the Act. Thus, holding for more than 3 years recommended availing tax benefits.

About L&T Mutual Fund

L&T Mutual Fund was launched in 1997 and is one of the biggest mutual fund house in country providing a variety of schemes such as sector specific equity schemes, fund of funds, hybrid, debt and treasury products. Mr. Kailash Kulkarni is the CEO and MD of the fund house currently.

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Start your investment

Min amount: 1000

Calculate Returns

Rs. 0 invested monthly becomes Rs. 0 in a period of 20 years
Need help?
Moderately Low risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns