L&T Mutual Fund
L&T Mutual Fund

L&T Ultra Short Term Fund

L&T Ultra Short Term Fund - Fund Facts
Fund objective
The investment Objective generate reasonable and stable income and provide liquidity to the unit holder. To achieve this objective the scheme will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The scheme will not invest in equities or equity related instruments.
Inception date
November 27, 1997
Fund Managers
Mr. Jalpan Shah
Benchmark index
CRISIL Liquid Fund Index
Options
Weekly dividend, Monthly dividend and Growth
Minimum Investment
For lumpsum: Rs. 10,000 For SIP: Rs. 6,000 (minimum single investment Rs. 1000, minimum 6 cheques)
Entry Load
NIL
Exit Load

NIL

Annual Recurring Expenses (w.e.f 31st May, 2017)
0.52%
Annual Recurring Expenses for Direct Plan (w.e.f 31st May, 2017)
0.22%
Dividend History
Click here to view dividend history.
L&T Ultra Short Term Fund - Overview

L&T Ultra Short Term will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, short term corporate debt and other debt securities.

The fund typically has a portfolio of relatively higher maturity as compared to liquid fund, with relatively low risk and high liquidity compared to debt funds.

The strategy is to achieve optimum reasonable returns while keeping duration and credit risk low in order to provide consistency, stability and liquidity to investors.

L&T Ultra Short Term Fund - Key Benefits

The fund typically has a portfolio of relatively higher maturity as compared to liquid fund, with relatively low risk and high liquidity compared to debt funds.

The fund endeavours to invests in quality debt instruments.

Relatively low risk and short investment horizon.

L&T Ultra Short Term Fund - Features
Investment Style Details
Scheme Classification
An Open ended Pure Income Scheme
Investment Objective
The investment Objective is to generate reasonable and stable income and provide liquidity to the unit holder. To achieve this objective the scheme will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The scheme will not invest in equities or equity related instruments.
This product is suitable for investors who are seeking*
  • Generation of reasonable and stable income and liquidity over short term
  • Investments predominantly in highly liquid money market instruments, government securities and corporate debt
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Normal Asset Allocation
Debt Securities 0 to 100
Securities Debt 0 to 100
Money Market Instruments (including cash/call money) 20 to 100
Terms of issue
Minimum purchase amount Weekly Dividend/ Monthly Dividend/ Semi- Annual Dividend and Growth: A minimum of Rs. 10,000/- per application and in multiples of Re.1/- thereafter. Daily Dividend Reinvestment Plan: A minimum of Rs. 1,00,000/- per application and in multiples of Re. 1/- thereafter.
Minimum additional purchase amount Regular: A minimum of Rs. 1,000/- per application and in multiples of Re. 1/- thereafter
Institutional (except Daily Dividend Reinvestment Plan): A minimum of Rs. 1,00,000/- per application and in multiples of Re. 1/- thereafter
Institutional (Daily Dividend Reinvestment Plan): A minimum of Rs. 5000/- per application and Re. 1/-thereafter.
Minimum redemption amount/units Rs.1000 or 100 units & institutional plus plan/Weekly dividend/growth/Daily Dividend Reinvestment Plan is Rs. 100000 or 10000 units.

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

NIL

General Services

Investors can contact any of the ISCs at its toll-free number " 1800 2000 400 ". NAVs will be calculated and published 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 Ultra Short Term 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 Ultra Short Term 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 Ultra Short Term Fund - Downloads