Item: L&T Ultra Short Term Fund Direct Plan Institutional Growth
Rating: 5
Author: Morningstar

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

34.298 (0.010%)

NAV on August 06, 2020

Category Fixed income:
Ultra Short Duration

Interest rate sensitivity
Credit quality

Limited Sensitivity High Quality

Total Assets 1,960 cr

Turnover Ratio 736.16%

Expense Ratio 0.23%

Exit Load -

Returns

1M: 0.32%
1Y: 7.07%
3M: 1.83%
3Y: 7.49%
6M: 3.63%
5Y: 7.86%

Min Investment 10,000

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ADDITIONAL INFO

Fund Manager Shriram Ramanathan (Since 5 months) Jalpan Shah (Since about 6 years)

ISIN INF917K01HS2

Fund Family L&T Finance

Launch Date January 01, 2013

Benchmark NIFTY Ultra Short Duration Debt TR INR

Avg. Maturity 0.45 years

Yield To Maturity (%) 3.80%

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
PGIM India Ultra Short Term Fund Direct Plan Growth	26.863	10.89%	87 cr	0.26%	Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	22.091	8.23%	5,571 cr	0.39%	Average
Aditya Birla Sun Life Savings Fund Growth Direct Plan	414.071	8.02%	11,830 cr	0.33%	Average
Kotak Savings Fund Direct Growth	33.792	7.47%	9,189 cr	0.32%	Below Average
SBI Magnum Ultra Short Duration Fund Direct Plan Growth	4601.979	7.30%	9,750 cr	0.33%	Below Average
L&T Ultra Short Term Fund Direct Plan Institutional Growth	34.298	7.07%	1,960 cr	0.23%	Below Average
Indiabulls Ultra Short Term Fund - Direct Plan - Growth Option	2055.515	7.02%	24 cr	0.11%	Below Average

Best Ultra Short Duration Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
IDBI Ultra Short Term Fund Direct Growth	2202.501	11.10%	169 cr	0.26%	Above Average
PGIM India Ultra Short Term Fund Direct Plan Growth	26.863	10.89%	87 cr	0.26%	Average
ICICI Prudential Ultra Short Term Fund Direct Plan Growth	22.091	8.23%	5,571 cr	0.39%	Average
Aditya Birla Sun Life Savings Fund Growth Direct Plan	414.071	8.02%	11,830 cr	0.33%	Average
HDFC Ultra S/T Fund Direct Growth	11.606	7.58%	7,697 cr	0.34%	-
Kotak Savings Fund Direct Growth	33.792	7.47%	9,189 cr	0.32%	Below Average
SBI Magnum Ultra Short Duration Fund Direct Plan Growth	4601.979	7.30%	9,750 cr	0.33%	Below Average