Fund Performance
Lumpsum
SIP
4.40
as on 24 Nov 20223 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,383 today.
NAV Performance
Fund Information
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₹ 36.444
as on 24 Nov 2022 -
Regular - Growth
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7 / 25
-
₹ 10,000
-
₹ 2,338 Cr.
as on 31 Dec 2021 -
0.39%
-
10 Apr 2003
-
CRISIL 10 Year Gilt Index
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L&T Mutual Fund
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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 ₹ 36.444 as on 24 Nov 2022.
This fund has 19 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
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About Mahesh A. Chhabria
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About Jalpan Shah
Jalpan 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 | 0.18% | 0.62% | 4.53% | 6.41% | 5.54% | 6.45% | 6.23% | 6.86% | 7.55% | 6.34% | 5.51% | 5.88% | 5.91% | 6.77% |
| Category Average | 0.14% | 0.49% | 1.56% | 2.93% | 4.70% | 4.23% | 4.78% | 5.50% | 6.78% | 5.69% | 4.81% | 4.54% | 4.93% | 5.92% |
| L&T Ultra Short Term Fund | 0.12%₹ 10,011 | 0.62%₹ 10,061 | 1.31%₹ 10,130 | 2.58%₹ 10,257 | - | - | - | - | - | - | - | - | - | - |
| HDFC Ultra Short Term Fund | 0.16%₹ 10,016 | 0.56%₹ 10,055 | 1.61%₹ 10,161 | 3.13%₹ 10,313 | 5.12%₹ 10,512 | 5.87%₹ 12,375 | 4.39%₹ 10,897 | 4.90%₹ 25,231 | 5.27%₹ 11,666 | 4.66%₹ 38,641 | - | - | - | - |
| ICICI Prudential Ultra Short Term Fund | 0.17%₹ 10,016 | 0.54%₹ 10,054 | 1.62%₹ 10,162 | 3.13%₹ 10,313 | 5.19%₹ 10,519 | 5.90%₹ 12,377 | 4.59%₹ 10,938 | 5.00%₹ 25,256 | 5.42%₹ 11,716 | 4.86%₹ 38,757 | 6.14%₹ 13,473 | 5.47%₹ 68,885 | 7.45%₹ 20,537 | 6.77%₹ 1,69,958 |
| Aditya Birla Sun Life Savings Fund | 0.14%₹ 10,014 | 0.53%₹ 10,052 | 1.65%₹ 10,165 | 3.23%₹ 10,322 | 5.30%₹ 10,530 | 6.03%₹ 12,385 | 4.74%₹ 10,971 | 5.15%₹ 25,294 | 5.73%₹ 11,820 | 4.99%₹ 38,831 | 6.31%₹ 13,585 | 5.62%₹ 69,143 | 7.55%₹ 20,724 | 6.75%₹ 1,69,739 |
| SBI Magnum Ultra Short Duration Fund | 0.18%₹ 10,017 | 0.58%₹ 10,058 | 1.65%₹ 10,164 | 3.18%₹ 10,317 | 5.06%₹ 10,505 | 5.91%₹ 12,377 | 4.32%₹ 10,881 | 4.89%₹ 25,229 | 5.01%₹ 11,578 | 4.57%₹ 38,588 | 5.89%₹ 13,317 | 5.10%₹ 68,250 | 6.99%₹ 19,658 | 6.19%₹ 1,64,898 |
| Kotak Savings Fund | 0.15%₹ 10,015 | 0.54%₹ 10,053 | 1.61%₹ 10,160 | 3.09%₹ 10,308 | 5.10%₹ 10,510 | 5.79%₹ 12,370 | 4.26%₹ 10,869 | 4.82%₹ 25,211 | 4.92%₹ 11,548 | 4.50%₹ 38,546 | 5.72%₹ 13,209 | 5.00%₹ 68,087 | 6.99%₹ 19,661 | 6.15%₹ 1,64,527 |
Portfolio Holdings
Top Debt Instrument Type holdings of L&T Ultra Short Term Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| GOI | 34.35% | ₹ 650.01 Cr. |
| CD | 25.73% | ₹ 486.98 Cr. |
| NCD & Bonds | 15.12% | ₹ 286.00 Cr. |
| CP | 14.40% | ₹ 272.43 Cr. |
| T-Bills | 9.13% | ₹ 172.94 Cr. |
| Others | 1.27% | - |
Top Debt Holdings of L&T Ultra Short Term Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Govt of India | 34.35% | ₹ 650.01 Cr. |
| Bond - HDFC Bank Ltd. | 9.14% | ₹ 173.09 Cr. |
| Bond - T-Bill | 9.13% | ₹ 172.94 Cr. |
| Bond - Axis Bank Ltd. | 8.73% | ₹ 165.07 Cr. |
| Bond - Small Industries Development Bank Of India | 7.86% | ₹ 148.81 Cr. |
| Others | 30.79% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 4.30% |
| Net Receivables | -3.03% |