Rating : ★ ★ ★ ★ ☆

L&T Ultra Short Term Fund Direct Plan Weekly Dividend Payout

Debt

  

Ultra Short Duration Fund

NAV

11.2523-0.0044

(as on 29 Sep, 2020)

RETURNS

5.58 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Investment Plan

0%

Benchmark

CRISIL Liquid Fund TR INR

Asset Size

2044.72 Cr.

(As of 31 Aug, 2020)

Risk

Moderately Low

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.

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Fund manager

Jalpan Shah

Exit load

N / A

Minimum sip

₹1000

Minimum investment

₹10000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Housing Development Finance Corporation Limited

5.21%

Reliance Industries Limited

5.21%

Small Industries Development Bank of India

5.15%

182 DTB 31122020

4.84%

Sector Allocation

About the Scheme Type

Ultra Short Duration Mutual Funds invest in very short term debt securities with a small portion in longer term debt securities. Ultra Short Duration Mutual Fund maybe used by investors for both short term needs as well as Systematic Transfer Plans (STPs) as they hep investors avoid interest rate risks and offer better returns than most money market instruments. They invest in securities with a maturity period of both greater and less than 91 days and the typical investment horizon ranges from 1 week to 18 months. The returns from these attract capital gains which are taxable.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

Overview of L&T Investment Management Ltd

L&T Investment Management Ltd We, at L&T Mutual Fund, follow a disciplined approach to investment and risk management for delivering superior long-term risk-adjusted performance. L&T Mutual Fund has a robust monitoring and risk management process that ensures checks and balances at every stage. Here’s a step-by-step process of our investment philosophy.

  • Generation of ideas: L&T Mutual Fund’s analysts and fund managers are actively on the hunt for identifying new ideas. For equity investing, the search spectrum includes investment team meetings, meetings with a company's management, suppliers, industry experts, regulators, external research, competitors and reports. And in the case of fixed income funds, investment ideas are born out of team strategy meetings, in-depth interaction with issuers and market participants, macro analysis and internal and external research ideas.
  • Evaluation of companies: Filters such as liquidity, market capitalisation ownership and other parameters help identify opportunities, which are then thoroughly evaluated for profitability, business attractiveness, competitive positioning, balance sheet strength, management track record, corporate governance and valuations for equities. Thorough credit or issuer analysis and macro analysis underpins the evaluation framework for identifying issuers and instruments for fixed income portfolios.
  • Manufacturing or Monitoring of portfolios: Among all the ideas that are generated and evaluated, the fund manager picks those that have the most potential. Portfolios are monitored continuously to ensure that they are positioned to meet their investment objectives and are within the set risk framework. A fund manager may decide to exit a holding on achieving the price target or for other reasons such as weakened business prospects or credit, or if better investment opportunities wait in the wings.