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3 star

L&T Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.56 0.02 0.07 0.29 0.98 1.72 3.82 6.58 6.97 7.53 --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 --
Debt: Ultra Short Duration 1.74 0.03 0.12 0.36 1.10 1.91 4.41 6.02 6.42 7.10 --
Rank within category 21 24 22 21 20 21 20 7 5 5 --
Number of funds in category 27 28 28 28 27 27 26 17 14 14 0

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Ultra Short Term Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.82 6.58 6.97 0.23 2,720
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.55 7.42 7.55 0.34 18,100
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.97 -- -- 0.24 16,735
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.27 6.79 6.89 0.31 12,864
Kotak Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.53 6.91 7.14 0.33 11,759

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.44 24-Mar-2020 - 31-Mar-2020 -0.89 17-Mar-2020 - 24-Mar-2020
Month 2.11 24-Mar-2020 - 23-Apr-2020 -0.52 25-Feb-2020 - 26-Mar-2020
Quarter 3.53 24-Mar-2020 - 24-Jun-2020 0.32 24-Dec-2019 - 24-Mar-2020
Year 10.58 26-Jul-2013 - 28-Jul-2014 3.83 27-May-2020 - 27-May-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.46 0.72 2.99 5.98 1.48 3.31
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration 5.88 1.69 2.03 3.71 1.14 2.46
Rank within category 7 7 6 6 14 7
Number of funds in category 16 16 16 16 16 16

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 38 23 41
Modified Duration (yrs) 0.44 0.47 0.35 --
Average Maturity (yrs) 0.45 0.48 0.35 --
Yield to Maturity (%) 3.56 4.38 3.29 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 15.51 15.51
down 8.79% GOI 2021 Central Government Loan SOV 0.00 - 20.15 13.79
equal HDFC-Warrant 347-D 24/09/2021 Commercial Paper A1+ 0.00 - 9.90 7.27
new Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 6.27 6.27
equal Reliance Jio Infocomm 91-D 19/07/2021 Commercial Paper A1+ 0.00 - 5.49 5.49
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 5.26 3.86
equal NTPC 182-D 09/08/2021 Commercial Paper A1+ 0.00 - 4.47 3.65
equal Reserve Bank of India 182-D 14/10/2021 Treasury Bills SOV 0.00 - 3.63 3.63
equal National Bank Agr. Rur. Devp 27/01/2022 Certificate of Deposit A1+ 0.00 - 4.39 3.59
equal National Bank Agr. Rur. Devp 2022 Commercial Paper A1+ 0.00 - 4.38 3.58
equal 8.40% SIDBI 2021 Debenture AAA 0.00 - 4.58 3.36
equal 8.43% Kotak Mahindra Prime 28/06/2021 Debenture AAA 0.00 - 4.06 2.98
equal Reliance Industries 153-D 09/09/2021 Commercial Paper A1+ 0.00 - 2.73 2.73
equal Network 18 Media & Inv 91-D 23/07/2021 Commercial Paper A1+ 0.00 - 2.19 2.19
equal National Bank Agr. Rur. Devp 164-D 27/09/2021 Commercial Paper A1+ 0.00 - 1.82 1.82
down Axis Bank 22/10/2021 Certificate of Deposit A1+ 0.00 - 7.41 1.81
equal Kotak Mahindra Bank 27/01/2022 Certificate of Deposit A1+ 0.00 - 2.19 1.79
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 0.00 - 2.17 1.59
down 8.50% SIDBI 21/06/2021 Debenture AAA 1.00 - 5.68 1.00
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 0.93 0.93
equal Bajaj Finance 365-D 30/06/2021 Commercial Paper A1+ 0.00 - 1.12 0.92
equal Reliance Industries 327-D 15/06/2021 Commercial Paper A1+ 0.00 - 1.25 0.92
new Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 0.59 0.59
equal 8.32% Reliance Jio Infocomm 2021 Debenture AAA 0.00 - 0.54 0.40

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2021

*As on 30-Apr-2021

Fund Manager

— Jalpan Shah since 30-Jun-2014

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.

Interviews:

Funds Managed:

— Shriram Ramanathan since 21-Mar-2020

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.

Funds Managed:


0.02%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 35.3447

IDCW Weekly: ₹ 11.2970

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IDCW Monthly: ₹ 13.0585

IDCW Daily: ₹ 10.5092

Bonus: ₹ 19.3066


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.90%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 2,720 Cr (As on 31-May-2021)
Expense: 0.23% (As on 30-Apr-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0026

 11-Jun-20210.0010
 10-Jun-20210.0014
 09-Jun-20210.0017
 08-Jun-20210.0010
 07-Jun-20210.0038
 04-Jun-20210.0007
 03-Jun-20210.0012
 02-Jun-20210.0011
 01-Jun-20210.0007
 31-May-20210.0023
 28-May-20210.0018
 27-May-20210.0007
 25-May-20210.0011
 24-May-20210.0027
 21-May-20210.0020
 20-May-20210.0005
 19-May-20210.0005
 18-May-20210.0012
 17-May-20210.0026
 14-May-20210.0021
 12-May-20210.0007
 11-May-20210.0018
 10-May-20210.0013
 07-May-20210.0006
IDCW Weekly14-Jun-20210.0070

 07-Jun-20210.0071
 31-May-20210.0050
 24-May-20210.0061
 17-May-20210.0058
 10-May-20210.0045
 03-May-20210.0083
 26-Apr-20210.0077
 19-Apr-20210.0082
 12-Apr-20210.0014
 06-Apr-20210.0057
 30-Mar-20210.0111
 22-Mar-20210.0104
 15-Mar-20210.0047
 08-Mar-20210.0055
 01-Mar-20210.0062
 22-Feb-20210.0087
 15-Feb-20210.0092
 08-Feb-20210.0040
 01-Feb-20210.0058
 25-Jan-20210.0058
 18-Jan-20210.0009
 11-Jan-20210.0009
 04-Jan-20210.0091
 28-Dec-20200.0061
IDCW Monthly25-May-20210.0400

 26-Apr-20210.0400
 25-Mar-20210.0500
 25-Feb-20210.0500
 25-Jan-20210.0500
 28-Dec-20200.0500
 25-Nov-20200.0500
 26-Oct-20200.0500
 25-Sep-20200.0500
 25-Aug-20200.0500
 27-Jul-20200.0500
 25-Jun-20200.0500
 26-May-20200.0800
 27-Apr-20200.0800
 26-Mar-20200.0576
 25-Feb-20200.0576
 27-Jan-20200.0576
 26-Dec-20190.0576
 25-Nov-20190.0576
 25-Oct-20190.0576
 25-Sep-20190.0576
 26-Aug-20190.0576
 25-Jul-20190.0504
 25-Jun-20190.0504
 27-May-20190.0504
IDCW Half Yearly23-Mar-20160.1445

 29-Sep-20150.1300

Contact Information

AMC: L&T Investment Management Ltd

Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098

Phone: 022-66554000 / 1800-2000-400

Fax: 022-66554002

Email: [email protected]

Website: http://www.lntmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM