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L&T Ultra Short Term Fund

L&T Ultra Short Term Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

5.37

as on 24 Jan 2022

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,699 today.

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NAV Performance

L&T Ultra Short Term Fund performance graph for last 3 years
Performance of L&T Ultra Short Term Fund for last 3 Years

Fund Information

  • ₹ 35.180

    as on 24 Jan 2022
  • Regular - Growth

  • 7 / 25

  • ₹ 10,000

  • ₹ 2,338 Cr.

    as on 24 Jan 2022
  • 0.39%

    since 30 Nov 2021
  • 10 Apr 2003

  • Debt - Ultra Short Duration Fund

  • CRISIL 10 Year Gilt Index

  • L&T Mutual Fund

    Show All Funds

Highlights of this fund

L&T Ultra Short Term Fund is an Open-ended Debt Fund. The fund belongs to Ultra Short Duration Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 10 Apr 2003. This fund is offered by one of the top AMC (Assets Management Company) L&T Mutual Fund. You can also view here all other Debt funds offered by L&T Mutual Fund.

Latest NAV of the fund is ₹ 35.180 as on 24 Jan 2022.

This fund has 18 years of track record. Since 30 Nov 2021 expense ratio of this fund is 0.39%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.

You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 10,000.

Fund 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 orequity related instruments.

List of Fund Managers of L&T Ultra Short Term Fund

  • About Mahesh A. Chhabria

    Picture of Mahesh A. Chhabria
  • About Jalpan Shah

    Picture of Jalpan ShahJalpan Shah is a Portfolio Manager – Fixed Income - at L&T Investment Management with over 15 years of experience in the fixed income markets in India. He is the co-portfolio manager for L&T Liquid Fund, L&T Ultra Short Term Fund, L&T Short Term Bond Fund, L&T Flexi Bond Fund, L&T Gilt Fund, L&T Banking & PSU Debt Fund, L&T Cash Fund, L&T Triple Ace Bond Fund and L&T Money Market Fund. Jalpan also manages the debt portion of L&T Conservative Hybrid Fund, L&T Dynamic Equity Fund and L&T Equity Savings Fund.Prior to joining L&T Investment Management, he was an Associate Fixed Income Trader at Fidelity International and was also associated with UTI Mutual Fund as a Research Analyst.Jalpan holds a post graduate degree in Management from T A Pai Management Institute and a Mechanical Engineering degree from Sardar Patel University B.E. (Mechanical), PGDM.

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderately Low Risk

Fund Return Comparison

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.07% 0.41% 4.53% 6.41% 8.00% 6.19% 7.38% 7.38% 8.07% 7.37% 7.03% 6.01% 6.99% 7.37%
Category Average 0.05% 0.31% 0.97% 1.91% 3.74% 4.30% 5.26% 5.88% 7.27% 3.66% 3.89% 4.52% 5.25% 6.42%
L&T Ultra Short Term Fund 0.04%₹ 10,004 0.33%₹ 10,032 0.90%₹ 10,089 1.69%₹ 10,168 3.49%₹ 10,348 3.43%₹ 12,222 4.36%₹ 10,892 3.72%₹ 24,937 5.37%₹ 11,699 4.39%₹ 38,497 6.04%₹ 13,411 5.37%₹ 68,741 7.52%₹ 20,660 6.66%₹ 1,69,065
HDFC Ultra Short Term Fund 0.05%₹ 10,005 0.33%₹ 10,032 0.87%₹ 10,086 1.69%₹ 10,169 3.69%₹ 10,368 3.53%₹ 12,229 4.89%₹ 11,004 4.10%₹ 25,033 5.78%₹ 11,838 4.81%₹ 38,740 - - - -
ICICI Prudential Ultra Short Term Fund 0.06%₹ 10,005 0.35%₹ 10,035 0.93%₹ 10,093 1.88%₹ 10,187 4.15%₹ 10,415 3.92%₹ 12,254 5.11%₹ 11,050 4.51%₹ 25,139 6.19%₹ 11,976 5.24%₹ 38,989 6.56%₹ 13,741 6.08%₹ 69,967 7.80%₹ 21,212 7.37%₹ 1,75,406
Aditya Birla Sun Life Savings Fund 0.07%₹ 10,006 0.40%₹ 10,040 0.99%₹ 10,099 1.92%₹ 10,192 4.16%₹ 10,416 4.05%₹ 12,262 5.36%₹ 11,101 4.62%₹ 25,166 6.33%₹ 12,022 5.35%₹ 39,057 6.73%₹ 13,848 6.23%₹ 70,244 8.07%₹ 21,747 7.36%₹ 1,75,386
SBI Magnum Ultra Short Duration Fund 0.04%₹ 10,003 0.37%₹ 10,037 0.90%₹ 10,090 1.72%₹ 10,172 3.55%₹ 10,354 3.48%₹ 12,225 4.53%₹ 10,927 3.86%₹ 24,973 5.60%₹ 11,778 4.59%₹ 38,612 6.30%₹ 13,572 5.64%₹ 69,205 7.49%₹ 20,594 6.74%₹ 1,69,715
Kotak Savings Fund 0.06%₹ 10,006 0.36%₹ 10,035 0.87%₹ 10,087 1.63%₹ 10,163 3.42%₹ 10,342 3.37%₹ 12,219 4.44%₹ 10,908 3.76%₹ 24,947 5.49%₹ 11,742 4.48%₹ 38,548 6.13%₹ 13,466 5.47%₹ 68,917 7.52%₹ 20,653 6.71%₹ 1,69,494

Portfolio Holdings

Portfolio holdings pattern of L&T Ultra Short Term Fund as on 26 Jan 2022 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    97.97%
  • Others Holdings:

    2.03%

Top Debt Instrument Type holdings of L&T Ultra Short Term Fund

Instrument TypeHolding PercentageHolding Values in Crore
CP 33.59% ₹ 793.25 Cr.
CD 31.04% ₹ 733.05 Cr.
GOI 17.66% ₹ 417.01 Cr.
T-Bills 9.41% ₹ 222.42 Cr.
NCD & Bonds 6.27% ₹ 148.17 Cr.
Others 2.03% -

Top Debt Holdings of L&T Ultra Short Term Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Govt of India 17.66% ₹ 417.01 Cr.
Bond - T-Bill 9.41% ₹ 222.42 Cr.
Bond - National Bank for Agriculture & Rural Development 8.39% ₹ 198.10 Cr.
Bond - Export Import Bank Of India 8.34% ₹ 196.94 Cr.
Bond - Axis Bank Ltd. 8.03% ₹ 189.78 Cr.
Others 48.17%

Other Holdings

Holding TypeHolding Percentage
TREPS 9.95%
Net Receivables -7.92%