L&T Ultra Short Term Fund - Growth - Regular Plan

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  • Net Change on 25-11-2022

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Fund Overview Growth | Regular Plan

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  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

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Fund 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.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
L&T Ultra Short Term Fund - Regular Plan - Growth 6.63 5.19 4.20 4.40 5.61 3.85
Crisil 1 Yr T-Bill Index N/A N/A N/A N/A N/A N/A
NIFTY Ultra Short Duration Debt Index N/A N/A N/A N/A N/A N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
L&T Ultra Short Term Fund - Regular Plan - Growth Apr 10, 2003 4.20 4.40 5.61 0.39 1,504.85
Aditya Birla Sun Life Savings Fund - Discipline Advantage Plan Jun 23, 2009 4.19 5.18 6.42 0.52 14,075.31
Aditya Birla Sun Life Savings Fund - Growth - Regular Plan Apr 16, 2003 4.43 5.18 6.28 0.52 14,075.31
Kotak Savings Fund -Growth Aug 13, 2004 4.12 4.44 5.69 0.80 12,779.34
ICICI Prudential Ultra Short Term Fund - Growth May 03, 2011 4.25 5.02 6.11 0.87 11,664.33
SBI MAGNUM ULTRA SHORT DURATION FUND - REGULAR PLAN - GROWTH May 19, 1999 Unrated 4.10 4.51 5.89 0.47 11,433.42

Fund Holdings as on 31-October-2022

  • 6.99% Housing Development Finance Corporation Limited 13-02-2023 **

  • Bank of Baroda 14-02-2023

  • (a) Tri Party Repo Dealing System (TREPS)/Reverse Repo

  • 182 DAY T-BILL 29-12-2022

  • AXIS Bank Limited 10-02-2023

  • 364 DAY T-BILL 09-03-2023

  • Small Industries Development Bank of India 23-03-2023

  • 6.95% Reliance Industries Limited 15-03-2023 **

  • 06.84% GOI 19-12-2022

  • 8.80% Power Grid Corporation of India Limited 13-03-2023 **

  • Kotak Mahindra Bank Limited 13-02-2023

  • HDFC Bank Limited 06-03-2023

  • 182 DAY T-BILL 22-12-2022

  • Canara Bank 20-02-2023

  • LIC Housing Finance Limited 22-02-2023 **

  • Canara Bank 02-03-2023

  • Small Industries Development Bank of India 03-03-2023

  • Export Import Bank of India 17-03-2023

  • 7.10% Bajaj Finance Limited 10-02-2023 **

  • 7.12% Rec Limited 31-03-2023 **

  • Axis Bank Limited 28-12-2022

  • National Bank for Agriculture & Rural Development 08-02-2023

  • National Bank for Agriculture & Rural Development 14-02-2023

  • Kotak Mahindra Bank Limited 17-02-2023

  • (b) Net Receivables/(Payables)

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  • Miscellaneous

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Fund Manager

  • Education:BCom, FCA (ICAI), CFA (ICFAI), FRM (GARP)
  • Experience:11 Years
  • Basic Details:Mr. Mahesh Chhabria has 10 Years of experience in Mutual fund industry. At present he is in FIL Fund Management Private Limited as Credit Analyst and Assistant Portfolio Manager.
  • Funds Managed:
  • L&T Money Market Fund
  • L&T Money Market Fund
  • CARE A1+

  • Cash

  • CRISIL A1+

  • CRISIL AAA

  • ICRA A1+

  • IND A1+

  • SOVEREIGN

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About L&T Ultra Short Term Fund

Scheme Analysis

L&T Ultra Short Term Fund is a Debt - Ultra Short Duration Fund fund and belongs to L&T Mutual Fund. It was launched on 10-Apr-2003 and currently has an AUM of ₹1,504.85 crore. L&T Ultra Short Term Fund is benchmarked against Crisil 1 Yr T-Bill Index as primary index and NIFTY Ultra Short Duration Debt Index as secondary index.

The NAV of L&T Ultra Short Term Fund ended up ₹0.01(0.02%)yesterday to ₹36.4526.

Among its top 3 holdings the fund has exposure to 6.99% Housing Development Finance Corporation Limited 13-02-2023 **, and

The L&T Ultra Short Term Fund is managed by Mahesh Chhabria and Jalpan Shah.

Fund House Contact

309, 3rd floor, Trade Centre, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

+91 (22) 61366600
ltmf@lntmf.com
+91 (22) 61366603/04
www.lntmf.com