L&T Mutual Fund
L&T Mutual Fund

L&T Short Term Income Fund

L&T Short Term Income Fund - Fund Facts
Fund objective
To generate reasonable returns primarily through investments in fixed income securities and money market instruments.
Inception date
December 4, 2010
Fund Managers
Shriram Ramanathan
Benchmark index
Crisil Short Term Bond Index
SIP availability
Yes
Systematic Transfer Plan
Available - Weekly, fortnightly, monthly, quarterly. A predetermined amount can be transferred on any business day.
Systematic Withdrawal Plan
Available - Predetermined amount can be redeemed from the scheme monthly, quarterly, half yearly and yearly.
Options
Growth and Dividend options available. The Dividend option offers payout or reinvestment facilities.
Minimum Initial Investment
Rs. 10,000 and in multiples of Rs.1 thereafter
Minimum Additional Investment
Rs. 1,000 and thereafter in multiples of Rs. 1
Entry Load

Nil

Exit Load
For Redemption
Load (% of Applicable NAV)
If the units redeemed or switched-out are upto 10% of the units purchased or switched in ("the limit") within 9 months from the date of allotment. Nil
If units redeemed or switched out are over and above the limit within 9 months from the date of allotment 1
If units are redeemed or switched out on or after 9 months from the date of allotment Nil

A switch-out or a withdrawal under SWP or a transfer under STP (except a switch-out or a transfer under STP into any of the Equity Schemes (except L&T Arbitrage Opportunities Fund and L&T Business Cycles Fund) or fund of funds schemes or L&T Flexi Bond Fund) may also attract an Exit Load/CDSC like any Redemption.

No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.

No Exit Load will be chargeable in respect of redemption/switch out of redemption of;
(i) Units allotted on account of dividend reinvestments; and
(ii) Units issued by way of bonus, if any.

Annual Recurring Expenses (As on 11th March, 2017)
0.89%
Annual Recurring Expenses for Direct Plan (As on 11th March, 2017)
0.54%
Note:
The above ratio includes 20 bps of additional expenses.
Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and service tax on investment management fees are also being charged.
Dividend History
Click here to view dividend history.
L&T Short Term Income Fund - Overview
The L&T Short Term Income Fund aims to deliver a steady income. The fund manager invests in securities with short durations, low interest rate risk and high liquidity in order to swiftly adapt to changing market conditions. We call it our smart little earner.
L&T Short Term Income Fund - Features
Investment Style Details
Scheme Classification
An Open Ended Income Scheme
Investment Objective
To generate reasonable returns primarily through investments in fixed income securities and money market instruments.
This product is suitable for investors who are seeking*
  • Generation of reasonable returns over short to medium term
  • Investment in fixed income securities and money market instruments

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Normal Asset Allocation
Debt and Money Market Instruments with residual maturity upto 2 years 75% - 100%
Debt Instruments with residual maturity greater than 2 years and less than 5 years 0% - 25%

* The Scheme may invest in securitized debt upto 50% of its net assets.

Terms of issue
Units are available on an ongoing basis at the Applicable NAV.


Minimum initial application amount Rs. 10,000 per application.
Minimum additional application amount Rs. 1,000 and thereafter in multiples of Rs. 1.
Minimum redemption amount/units Rs. 1,000 or 100 Units.
Scheme Information Document, Key Information Memorandum and Application Forms / Transaction Slips available at the ISCs/distributors- offices.

Statutory
L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Holdings Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T lnvestment Management Limited as the Investment Manager.
Loads
Entry
NIL
Exit
For Redemption
Load (% of Applicable NAV)
If the units redeemed or switched-out are upto 10% of the units purchased or switched in ("the limit") within 9 months from the date of allotment. Nil
If units redeemed or switched out are over and above the limit within 9 months from the date of allotment 1
If units are redeemed or switched out on or after 9 months from the date of allotment Nil

A switch-out or a withdrawal under SWP or a transfer under STP (except a switch-out or a transfer under STP into any of the Equity Schemes (except L&T Arbitrage Opportunities Fund and L&T Business Cycles Fund) or fund of funds schemes or L&T Flexi Bond Fund) may also attract an Exit Load/CDSC like any Redemption.

No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.

No Exit Load will be chargeable in respect of redemption/switch out of redemption of;
(i) Units allotted on account of dividend reinvestments; and
(ii) Units issued by way of bonus, if any.

General Services

Investors can contact us at the toll-free number "1800 2000 400". NAVs will be calculated on every business day and published in two daily newspapers on all business days. Purchase/Redemption on all business days.

Risk factors

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

L&T Short Term Income Fund - How to Invest
To invest online

Click here to invest online instantly*.


In case you require any more information on investing in the L&T Short Term Income Fund , please call our toll-free Investor Line on 1800 2000 400 between 9am to 6pm on any business day.
To invest offline

Click here to download the KIM and Application form.
Or
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.
L&T Short Term Income Fund - Downloads