Item: L&T Ultra Short Term Fund Direct Plan Growth
Rating: 4
Author: Morningstar

Home › Mutual Funds › L&T Finance Mutual Fund › L&T Ultra Short Term Fund Direct Plan Growth

37.472 (0.024%)

NAV on November 25, 2022

Category Fixed income:
Ultra Short Duration

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 1,487 cr

Turnover Ratio 294.15%

Expense Ratio 0.23%

Exit Load -

Returns

1M: 0.59%
1Y: 4.39%
3M: 1.37%
3Y: 4.62%
6M: 2.68%
5Y: 5.88%

Min Investment 10,000

ADDITIONAL INFO

Fund Manager Mahesh Chhabria (Since over 2 years) Jalpan Shah (Since almost 10 years)

ISIN INF917K01HS2

Fund Family L&T Finance

Launch Date January 01, 2013

Benchmark NIFTY Ultra Short Duration Debt TR INR

Avg. Maturity 0.29 years

Yield To Maturity (%) 6.92%

INVESTMENT OBJECTIVE

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. There is no assurance that the investment objective of the scheme will be realized.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

View Factsheet

Top Rated
Top Performing

Top Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Aditya Birla Sun Life Savings Fund Direct Plan Growth	509.351	7.69%	11,837 cr	0.39%	Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	27.393	7.63%	12,907 cr	0.39%	Below Average
Axis Ultra Short Term Fund Direct Growth	14.284	7.62%	4,484 cr	0.29%	Below Average
UTI - Ultra Short Duration Fund - Direct Plan - Growth Option	4161.470	7.53%	2,093 cr	0.43%	High
HDFC Ultra S/T Fund Direct Growth	14.171	7.50%	12,537 cr	0.36%	Average
Invesco India Ultra Short Duration Fund Direct Plan Growth	2633.413	7.45%	614 cr	0.24%	Average
Kotak Savings Fund Direct Growth	41.142	7.43%	14,443 cr	0.37%	Average

Best Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
Nippon India Ultra Short Duration Fund Direct Growth Option	4055.819	7.73%	5,526 cr	0.38%	High
Aditya Birla Sun Life Savings Fund Direct Plan Growth	509.351	7.69%	11,837 cr	0.39%	Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	27.393	7.63%	12,907 cr	0.39%	Below Average
Axis Ultra Short Term Fund Direct Growth	14.284	7.62%	4,484 cr	0.29%	Below Average
DSP Ultra Short Fund Direct Plan Growth	3385.052	7.62%	2,377 cr	0.31%	Average
Tata Ultra Short Term Fund Direct Growth	13.615	7.60%	2,669 cr	0.31%	Below Average
Mirae Asset Ultra Short Duration Fund Direct Growth	1208.219	7.60%	1,489 cr	0.22%	Below Average