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L&T Ultra Short Term Fund (MD)

PLAN: Institutional Plan OPTIONS: Monthly Dividend
12.542 0 (0.03%)

NAV as on 25 Nov, 2014

CRISIL MF RANK

Scheme Risk Grade

  LOW RISK

LOW RISK

  • For investors looking at income with capital growth over short term.
  • Ideal for anyone looking for a fixed and safe source of income.
FUND FAMILY : L&T Mutual Fund FUND CLASS : Ultra Short Term Debt
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ranking by CRISIL

Average performance in the category

The scheme is ranked 3 in Ultra Short Term Debt category by Crisil (for quarter ended Mar 2014) rank unchanged from last quarter. If you are already invested in this scheme, you may consider switching to a better performing scheme.

View Top ranked funds in this category

Close L&T Ultra Short Term Fund - Institutional Plan rename as L&T Ultra Short Term Fund. The scheme is Open for Subscription. L&T Mutual Fund has rename L&T Freedom Income - Short Term Fund to L&T Ultra Short Term Fund with effect from July 11, 2011.
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Returns (NAV as on 25 Nov, 2014)

Period Returns (%) Rank #
1 mth 0.7 104
3 mth 2.3 104
6 mth 4.4 111
1 year 9.4 95
2 year 9.3 25
3 year 9.5 19
5 year 8.6 17

# Moneycontrol Rank within 205 Ultra Short Term Debt Schemes.

Absolute Returns (in %)

Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Annual
2014 0.1 0.1 0.1 - -
2013 - 0.2 0.6 0.3 1.6
2012 0.3 0.3 0.6 0.2 1.7
2011 2.2 2.1 2.2 0.9 8.0
2010 -7.0 1.2 1.2 1.8 -2.9
2009 1.8 1.4 1.2 -10.8 -6.8

View where it stands within its peers

* Returns over 1 year are Annualised

Performance

Fund returns v/s Category average (Ultra Short Term Debt)

* Returns over 1 year are Annualised
  1 mth (%) 3 mth (%) 6 mth (%) 1 yr (%) 2 yr (%) 3 yr (%) 5yr (%)
Fund Returns 0.7 2.3 4.4 9.4 9.3 9.5 8.6
Category avg 0.8 2.4 4.5 8.8 5.2 5.1 4.1
Difference of Fund returns and Category returns -0.1 -0.1 -0.1 0.6 4.1 4.4 4.5
Best of category 1.8 5.4 7.8 13.3 10.8 10.5 9.2
Worst of category 0.5 0.3 3.5 0.2 0.2 -5.0 -0.7
L&T Ultra Short Term Fund (MD) Review by Crisil - Rating: 3 (Rank 3 out of 5)

Investment Info

Investment Objective

To achieve this objective the scheme will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, short term corporate debt and other debt securities. The scheme will not invest in equities or equity related instruments.

Scheme details

Fund Type Open-Ended
Investment Plan Dividend
Launch date Apr 10, 2003
Benchmark CRISIL Liquid Fund
Asset Size (Rs cr) 260.23 (Sep-30-2014)
Minimum Investment Rs.1000000
Last Dividend Rs.0.06 (Oct-27-2014)
Bonus N.A.
Fund Manager Vikram Chopra / Jaipan Shah
View performance of schemes managed by the Fund Manager
Notes L&T Ultra Short Term Fund - Institutional Plan rename as L&T Ultra Short Term Fund. The scheme is Open for Subscription. L&T Mutual Fund has rename L&T Freedom Income - Short Term Fund to L&T Ultra Short Term Fund with effect from July 11, 2011.

Load Details

Entry Load N.A
Exit Load 0.00%
Load Comments N.A.

Contact Details

Regd. Office 6th Floor, Mafatlal Centre Nariman Point Mumbai , 400021
Tel. No. 022 - 66554000
Fax No. 022-66554070
Email investor.line@lntmf.co.in
Website http://www.lntmf.com

Peer Comparison

Ultra Short Term Debt Crisil Rank Assets (Rs.cr)
3mth (%) 6mth (%) 1yr (%) 3yr (%) 5yr (%)
Reliance Money Mgr -Direct (G) Not Ranked
3,794.66 2.3 4.6 9.6 -- --
ICICI Pru Flexi Income (G) Rank 1
6,386.59 2.4 4.6 9.7 9.6 8.7
Reliance Money Mgr - IP (G) Rank 1
6,314.54 2.2 4.3 9.2 9.4 8.5
ICICI Pru Flexi Income -Direct (G) Not Ranked
4,651.81 2.4 4.6 9.8 -- --
ICICI Pru Flexi Inc -Retail (G) Not Ranked
104.21 2.1 4.1 8.7 8.7 7.8
* Returns over 1 year are Annualised More »

Portfolio

Top Holdings (Oct 31, 14)

Money Market Rating Value
(Rs cr)
Asset %
Money Market Instruments - CP,CD 1,069.95 74.21
Talwandi Sabo Power Limited CRISIL A1+(SO) 128.40 8.91
Punjab National Bank CARE A1+ 115.76 8.03
Dewan Housing Finance Corporation Limited CRISIL A1 + 72.71 5.04
Tata Capital Limited CRISIL A+ 72.48 5.03
Adani Ports and Special Economic Zone limited ICRA A1+ 66.47 4.61
Housing Development Finance Corporation Limited CRISIL A1 + 49.64 3.44
Housing Development Finance Corporation Limited CRISIL A1 + 49.49 3.43
PNB Housing Finance Limited CRISIL A1 + 49.49 3.43
State Bank of Bikaner and Jaipur CRISIL A1 + 49.49 3.43

Full Portfolio

Sector Allocation (Oct 31, 14)

Sector %

1-Year

HighLow

No Sector Data Available

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Asset Allocation (%)(Oct 31, 14)

Equity 0.00
Others 0.00
Debt 21.40
Mutual Funds N.A
Money Market 74.21
Cash / Call 4.39

View All

Concentration

Holdings (%)
Top 5 101.22
Top 10 119.56
Sector (%)
Top 3 N.A.

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