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3 star

L&T Ultra Short Term Fund download report


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra-short Duration debt funds predominantly invest in bonds maturing in three to six months. They aim to earn slightly better returns over liquid funds but with a marginally higher degree of volatility.

They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for the next six months up to 1-1.5 years. Investors who want to avoid the complexity of wading through the very finely classified categories of debt funds can simply give these funds a miss and stick to liquid funds for this investing need. But those, who want slightly better returns and can withstand a little more volatility, can consider ultra-short duration funds.

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. Remember, they are geared to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit, but are not suitable 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
L&T Ultra ST-G 2.40 0.09 0.12 0.44 1.24 1.90 3.62 4.54 5.66 6.33 7.16
CCIL T Bill Liquidity Weight 1.24 -0.04 0.05 0.21 0.72 0.97 1.98 2.58 3.26 3.62 4.20
Debt: Ultra Short Duration 2.26 0.08 0.11 0.42 1.21 1.78 3.56 4.57 5.13 5.82 6.96
Rank within category 7 8 10 9 12 6 10 11 5 6 5
Number of funds in category 26 26 26 26 26 26 26 21 13 13 12

As on 17-Aug-2022

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  | Invest Online
3 star
Apr-03 3.62 4.54 5.66 0.39 1,461
Aditya Birla Sun Life Savings Fund  | Invest Online
4 star
Nov-01 3.93 5.41 6.32 0.51 14,762
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.56 4.90 -- 0.64 13,459
ICICI Prudential Ultra Short Term Fund  | Invest Now
4 star
May-11 3.81 5.30 6.14 0.87 13,058
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 3.56 4.73 5.96 0.49 12,513

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.43 24-Mar-2020 - 31-Mar-2020 -0.89 17-Mar-2020 - 24-Mar-2020
Month 2.08 24-Mar-2020 - 23-Apr-2020 -0.55 25-Feb-2020 - 26-Mar-2020
Quarter 3.45 24-Mar-2020 - 24-Jun-2020 0.23 24-Dec-2019 - 24-Mar-2020
Year 10.29 26-Jul-2013 - 28-Jul-2014 3.26 17-May-2021 - 17-May-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Ultra ST-G 4.48 0.60 1.66 4.31 1.30 2.15
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Ultra Short Duration 4.51 0.91 1.26 3.25 1.00 1.91
Rank within category 11 10 7 7 19 9
Number of funds in category 21 21 21 21 21 21

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 21 26 18 40
Modified Duration (yrs) 0.44 0.44 0.23 0.33
Average Maturity (yrs) 0.46 0.46 0.25 0.36
Yield to Maturity (%) 6.11 6.11 3.41 6.01
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
down Reserve Bank of India 182-D 15/09/2022 Treasury Bills SOV 0.00 - 13.39 9.86
up 6.99% HDFC 13/02/2023 Debenture AAA 0.00 - 8.85 8.85
equal Bank of Baroda 14/02/2023 Certificate of Deposit A1+ 0.00 - 7.45 7.45
equal SBI Cards & Payments Services 159-D 28/09/2022 Commercial Paper A1+ 0.00 - 6.78 6.78
equal Axis Bank 2023 Certificate of Deposit A1+ 0.00 - 6.62 6.62
new Reserve Bank of India 364-D 09/03/2023 Treasury Bills SOV 0.00 - 6.60 6.60
equal SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 6.58 6.58
equal HDFC Bank 13/12/2022 Certificate of Deposit A1+ 0.00 - 7.76 5.02
new Kotak Mahindra Bank 13/02/2023 Certificate of Deposit A1+ 0.00 - 4.97 4.97
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 4.95 4.95
new 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 0.00 - 3.58 3.58
new Canara Bank 20/02/2023 Certificate of Deposit A1+ 0.00 - 3.31 3.31
new LIC Housing Fin. 233-D 22/02/2023 Commercial Paper A1+ 0.00 - 3.30 3.30
equal Canara Bank 2023 Certificate of Deposit A1+ 0.00 - 3.30 3.30
equal SIDBI 2023 Commercial Paper A1+ 0.00 - 3.30 3.30
equal Export-Import Bank 17/03/2023 Certificate of Deposit A1+ 0.00 - 3.29 3.29
new 7.10% Bajaj Finance 2023 Debenture AAA 0.00 - 3.19 3.19
equal 7.12% REC 31/03/2023 Non Convertible Debenture AAA 0.00 - 2.11 2.11
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.45 1.80
down Reserve Bank of India 182-D 25/08/2022 Treasury Bills SOV 0.00 - 9.45 1.71
equal Kotak Mahindra Bank 17/02/2023 Certificate of Deposit A1+ 0.00 - 1.66 1.66

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-Jul-2022

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:

— Mahesh A Chhabria since 25-Nov-2021

Education: Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.

Experience: He comes to L&T AMC from Fidelity where he has been for the last 3 years, was previously associated with Birla Sun Life AMCwith RSM & Co.

Funds Managed:


0.09%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 35.9383

IDCW Weekly: ₹ 11.1569

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IDCW Monthly: ₹ 12.7269

IDCW Daily: ₹ 10.3221

Bonus: ₹ 19.6031


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

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

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 10-Apr-2003
Return Since Launch: 7.03%
Benchmark: NIFTY Ultra Short Duration Debt Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,461 Cr (As on 31-Jul-2022)
Expense Ratio: 0.39% (As on 31-Jul-2022)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily17-Aug-20220.0091

 12-Aug-20220.0011
 11-Aug-20220.0017
 10-Aug-20220.0041
 08-Aug-20220.0032
 04-Aug-20220.0018
 03-Aug-20220.0003
 02-Aug-20220.0041
 01-Aug-20220.0073
 29-Jul-20220.0025
 28-Jul-20220.0003
 25-Jul-20220.0046
 22-Jul-20220.0014
 20-Jul-20220.0002
 19-Jul-20220.0007
 18-Jul-20220.0031
 15-Jul-20220.0009
 14-Jul-20220.0008
 13-Jul-20220.0028
 12-Jul-20220.0007
 11-Jul-20220.0033
 08-Jul-20220.0002
 07-Jul-20220.0010
 06-Jul-20220.0048
 05-Jul-20220.0027
IDCW Weekly17-Aug-20220.0156

 08-Aug-20220.0057
 01-Aug-20220.0124
 25-Jul-20220.0067
 18-Jul-20220.0082
 11-Jul-20220.0101
 04-Jul-20220.0142
 27-Jun-20220.0104
 20-Jun-20220.0085
 13-Jun-20220.0136
 06-Jun-20220.0080
 30-May-20220.0063
 23-May-20220.0059
 17-May-20220.0027
 02-May-20220.0061
 25-Apr-20220.0085
 18-Apr-20220.0057
 11-Apr-20220.0003
 04-Apr-20220.0112
 28-Mar-20220.0106
 21-Mar-20220.0085
 14-Mar-20220.0098
 07-Mar-20220.0021
 28-Feb-20220.0065
 21-Feb-20220.0059
IDCW Monthly25-Jul-20220.0400

 27-Jun-20220.0400
 25-May-20220.0400
 25-Apr-20220.0400
 25-Mar-20220.0400
 25-Feb-20220.0400
 25-Jan-20220.0400
 27-Dec-20210.0400
 25-Nov-20210.0400
 25-Oct-20210.0400
 27-Sep-20210.0400
 25-Aug-20210.0400
 26-Jul-20210.0400
 25-Jun-20210.0400
 25-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
IDCW Half Yearly23-Sep-20091.8833

 27-Mar-20090.1752
 25-Sep-20070.4380
 27-Sep-20040.0884
 25-Mar-20040.2000
 25-Sep-20030.3500
 28-Apr-20030.6500

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

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

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