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L&T Ultra Short Term Fund Direct Plan Growth

3 yr CAGR




Fund overview


Net Asset Value


AUM (Fund size)

2,413.74 Crore

Lock-in period

No Lock-in

Exit Load

0% in 0 days

Expense ratio



Low to Moderate

Top holdings

8.20% Govt Stock 202213.89%
Axis Bank Limited7.2%
364 DTB 170220226.16%
HDFC Bank Limited6.14%
Export-Import Bank Of India6.13%
Reliance Industries Limited5.15%
8.15% Govt Stock 20224.39%
ICICI Securities Limited4.13%
Bajaj Finance Limited4.13%
Reliance Jio Infocomm Limited4.12%

Calculate returns

Monthly (SIP)
₹4,000 invested monthly becomes 0 in a period of 20 years

About L&T Investment Management Ltd

L&T Investment Management Limited is the Asset Management Company (AMC) for all L&T Mutual Fund schemes. L&T Finance Holdings Limited (LTFH), a listed company, is the sponsor for the AMC. It started its operations in 2010.


Shriram Ramanathan, Jalpan Shah


Citibank N.A. India


L&T Investment Management Limited 6th Floor, Mafatlal Centre,

Fax Nos.

+91 22 66554070

Telephone Nos.

+91 22 66554000


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About L&T Ultra Short Term Fund - Direct Plan - Growth

The main objective of the scheme is to generate stable and consistent returns by investing in the securities rated AA and above. The scheme invests in government and corporate-issued securities.

Pros and Cons of L&T Ultra Short Term Fund - Direct Plan - Growth

The most significant advantage of investing in this fund is that you gain exposure to a portfolio constituted of securities rated AA and above issued by government and corporates. Since the fund invests mostly in high-rated securities and has minimal exposure towards equities, the returns can be restricted.

Fund Information and Statistics

i) Inception/Launch Date

L&T Ultra Short Term Fund - Direct Plan - Growth was launched on 1 January 2013.

ii) Risk Level

L&T Ultra Short Term Fund - Direct Plan - Growth is clubbed under the ‘moderately low risk’ class of mutual funds.

iii) Redemption

Since L&T Ultra Short Term Fund - Direct Plan - Growth is an open-ended mutual fund scheme, you can redeem your investment at any time.

iv) Fund Manager

L&T Ultra Short Term Fund - Direct Plan - Growth is currently being managed by Mr Shriram Ramanathan and Mr Jalpan Shah.

v) Entry/Exit load

The fund does not come with any exit load in order to facilitate redemptions at any time. Thre is no entry load as per the regulations of SEBI.

About L&T Mutual Fund

L&T Mutual Fund entered the Indian mutual fund fore in the year 1996 when it officially registered with the Indian securities market watchdog with L&T Mutual Fund Trustee Limited as its trustee and L&T Finance Holdings Limited as its sponsor. The fund house’s AUM touched Rs 58,361.93 crore as of June 2020.

Start your investment
Monthly (SIP)
Estimated value after 3 years

(as per historical returns)

1.97 Lakhs
Min investmentment of ₹1000 required

3 easy steps to complete your investment

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Select the amount to invest

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Enter personal details

Complete your KYC and get registered

Pay and your are done!

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Frequently Asked Questions

What are debt-funds?

Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.

Who should invest in a debt fund?

Debt funds are ideal for investors who want regular income, but are risk-averse. Debt funds are less volatile and, hence, are less risky than equity funds.

What are liquid funds?

Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment.You can get your money out of liquid funds any time without any penalty or cost.

What is a lock-in period?

It is the period for which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options. Lock-in period is calculated from the date of investment. Meaning SIPs will have different lock-in dates

Is KYC necessary for BLACK?

KYC is necessary for all fund houses. If you are investing through BLACK, you need to do your KYC just once. The same KYC will be used for all further investments.

What is a Mandate (Auto-SIP)?

A Mandate is a one-time registration through which you instruct your bank account to deduct a specified amount of money from your account daily towards investing into a SIP portfolio. Once you register for Mandate, you don’t have to follow the payment process every time you invest in the SIP.