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L&T Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 is negligible but they do not guarantee returns or safety of capital.

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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 0.34 0.02 0.11 0.49 1.51 3.42 7.72 7.53 8.03 8.48 --
CCIL T Bill Liquidity Weight 0.17 -0.03 0.05 0.22 0.78 1.83 4.20 4.13 4.46 4.79 --
Debt: Ultra Short Duration 0.21 0.02 -0.04 0.37 1.38 3.40 7.00 6.66 7.47 8.29 --
Rank within category 16 5 18 16 20 16 13 7 7 6 --
Number of funds in category 28 28 28 28 27 26 23 17 17 15 0

As on 21-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.34 (30-Aug-2013 - 01-Oct-2013) 0.03 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.13 (24-Jul-2013 - 23-Oct-2013) 1.29 (03-Nov-2017 - 02-Feb-2018)
Year 10.58 (26-Jul-2013 - 28-Jul-2014) 6.76 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.33 0.54 2.98 6.59 1.44 3.97
CCIL T Bill Liquidity Weight 4.08 0.26 -10.52 -- -- --
Debt: Ultra Short Duration 6.73 1.54 2.18 4.45 1.44 3.37
Rank within category 10 9 9 8 13 7
Number of funds in category 19 19 19 19 19 19

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 54 37 40
Modified Duration (yrs) 0.47 0.47 0.34 0.37
Average Maturity (yrs) 0.49 0.49 0.36 0.45
Yield to Maturity (%) 5.80 7.65 5.35 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 8.96 8.96
new Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 5.97 5.97
up Export-Import Bank 24/06/2020 Certificate of Deposit A1+ 0.00 - 4.96 4.96
new 7.40% HDFC 17/11/2020 Non Convertible Debenture AAA 0.00 - 4.10 4.10
equal 7.65% National Housing Bank 25/03/2022 Debenture AAA 0.00 - 4.09 4.09
equal National Bank Agr. Rur. Devp 18/03/2020 Commercial Paper A1+ 0.00 - 4.03 4.03
equal Sundaram Finance 364-D 20/03/2020 Commercial Paper A1+ 0.00 - 4.03 4.03
equal Export-Import Bank 180-D 27/05/2020 Commercial Paper A1+ 0.00 - 3.99 3.99
new Axis Bank 23/06/2020 Certificate of Deposit A1+ 0.00 - 3.97 3.97
new Kotak Mahindra Bank 26/06/2020 Certificate of Deposit A1+ 0.00 - 3.97 3.97
equal HDFC 364-D 09/09/2020 Commercial Paper A1+ 0.00 - 3.90 3.90
equal Axis Bank 17/11/2020 Certificate of Deposit A1+ 0.00 - 3.87 3.87
new ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 3.85 3.85
equal 8.02% National Housing Bank 31/01/2022 Debenture AAA 0.00 - 3.68 3.68
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 2.94 2.94
new 9.02% LIC Housing Fin. 2020 Debenture AAA 0.00 - 2.08 2.08
new 8.14% LIC Housing Fin. 2020 Debenture AAA 0.00 - 2.06 2.06
equal 7.90% Aditya Birla Finance 27/03/2020 Debenture AAA 0.00 - 2.05 2.05
new Kotak Securities 92-D 11/03/2020 Commercial Paper A1+ 0.00 - 2.02 2.02
equal SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 2.00 2.00
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 1.99 1.99
new LIC Housing Fin. 344-D 28/05/2020 Commercial Paper A1+ 0.00 - 1.99 1.99
equal HDFC Bank 17/07/2020 Certificate of Deposit A1+ 0.00 - 1.98 1.98
equal Kotak Mahindra Prime 264-D 20/07/2020 Commercial Paper A1+ 0.00 - 1.97 1.97
equal Axis Bank 24/07/2020 Certificate of Deposit A1+ 0.00 - 1.97 1.97

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-Dec-2019

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, 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.

Funds Managed:

— Vikas Garg since 03-Apr-2017

Education: Mr. Garg is CFA MBA Finance, B-Tech and M- Tech

Experience: Prior to joining L&T Mutual Fund he has worked with Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager

Funds Managed:


0.02%

Change from previous, NAV as on 21-Jan-2020

Growth: ₹ 32.9985

Dividend Weekly: ₹ 11.3007

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Dividend Monthly: ₹ 13.1380

Dividend Daily: ₹ 10.4647

Bonus: ₹ 18.0250


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
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.48%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 2,454 Cr (As on 31-Dec-2019)
Expense: 0.23% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily21-Jan-20200.0014

 20-Jan-20200.0033
 17-Jan-20200.0012
 16-Jan-20200.0011
 15-Jan-20200.0005
 13-Jan-20200.0029
 10-Jan-20200.0008
 09-Jan-20200.0016
 08-Jan-20200.0020
 07-Jan-20200.0012
 06-Jan-20200.0035
 03-Jan-20200.0019
 02-Jan-20200.0025
 01-Jan-20200.0020
 31-Dec-20190.0011
 30-Dec-20190.0034
 27-Dec-20190.0018
 26-Dec-20190.0015
 24-Dec-20190.0001
 23-Dec-20190.0027
 20-Dec-20190.0005
 19-Dec-20190.0009
 18-Dec-20190.0007
 17-Dec-20190.0011
 16-Dec-20190.0032
Dividend Weekly20-Jan-20200.0071

 13-Jan-20200.0078
 06-Jan-20200.0107
 30-Dec-20190.0073
 23-Dec-20190.0053
 16-Dec-20190.0071
 09-Dec-20190.0034
 02-Dec-20190.0090
 25-Nov-20190.0086
 18-Nov-20190.0101
 11-Nov-20190.0051
 04-Nov-20190.0083
 29-Oct-20190.0089
 22-Oct-20190.0107
 14-Oct-20190.0106
 07-Oct-20190.0118
 30-Sep-20190.0138
 23-Sep-20190.0019
 16-Sep-20190.0097
 09-Sep-20190.0071
 03-Sep-20190.0113
 26-Aug-20190.0094
 19-Aug-20190.0079
 13-Aug-20190.0162
 05-Aug-20190.0159
Dividend Monthly26-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
 25-Apr-20190.0504
 25-Mar-20190.0504
 25-Feb-20190.0504
 25-Jan-20190.0504
 26-Dec-20180.0504
 26-Nov-20180.0504
 25-Oct-20180.0504
 25-Sep-20180.0504
 27-Aug-20180.0504
 25-Jul-20180.0504
 25-Jun-20180.0504
 25-May-20180.0504
 25-Apr-20180.0504
 26-Mar-20180.0433
 26-Feb-20180.0433
 25-Jan-20180.0433
 26-Dec-20170.0433
Dividend 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: 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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM