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L&T Ultra Short Term Fund (MD)

PLAN: Institutional Plan OPTIONS: Monthly Dividend
12.537 0 (0.03%)

NAV as on 29 May, 2015

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

Good performance in the category

The scheme is ranked 2 in Ultra Short Term Debt category by Crisil (for quarter ended Mar 2014) up from Rank 3 last quarter. If you are already invested in this scheme, you may continue to stay invested. But, do keep a check on its performance.

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 29 May, 2015)

Period Returns (%) Rank #
1 mth 0.7 107
3 mth 2.1 120
6 mth 4.1 114
1 year 8.8 109
2 year 9.1 76
3 year 9.2 26
5 year 9.0 18

# Moneycontrol Rank within 199 Ultra Short Term Debt Schemes.

Absolute Returns (in %)

Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Annual
2015 0.3 - - - -
2014 0.1 0.1 0.1 0.3 -
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

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 2.1 4.1 8.8 9.1 9.2 9.0
Category avg 0.6 2.0 3.5 7.9 8.0 7.8 6.9
Difference of Fund returns and Category returns 0.1 0.1 0.6 0.9 1.1 1.4 2.1
Best of category 0.8 3.0 6.3 13.8 10.1 10.0 9.5
Worst of category 0.5 0.8 -43.2 -40.7 1.4 0.1 -0.3
L&T Ultra Short Term Fund (MD) Review by Crisil - Rating: 4 (Rank 2 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) 323.02 (Mar-31-2015)
Minimum Investment Rs.1000000
Last Dividend Rs.0.04 (May-25-2015)
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 (%)
ICICI Pru Flexi Income -Direct (G) Not Ranked
5,300.13 2.2 4.4 9.2 -- --
ICICI Pru Flexi Inc -Retail (G) Not Ranked
82.04 2.0 3.9 8.2 8.5 8.2
ICICI Pru Flexi Income (G) Rank 3
6,496.79 2.2 4.3 9.1 9.4 9.1
Birla SL Saving Fund - RP (G) Not Ranked
60.81 2.3 4.3 9.2 9.3 8.9
Birla SL Saving Fund (DAP) Not Ranked
0.00 2.3 4.3 9.2 9.1 8.5
* Returns over 1 year are Annualised More »

Portfolio

Top Holdings (Apr 30, 15)

Money Market Rating Value
(Rs cr)
Asset %
Money Market Instruments - CP,CD 1,061.27 71.38
Canara Bank CRISIL A1+ 163.27 10.98
Syndicate Bank CARE A1+ 148.55 9.99
State Bank of Hyderabad ICRA A1+ 96.19 6.47
Housing Development Finance Corporation Limited CRISIL A1+ 88.67 5.96
Punjab & Sind Bank ICRA A1+ 83.95 5.65
Dewan Housing Finance Corporation Limited CRISIL A1+ 82.36 5.54
Canara Bank CRISIL A1+ 70.08 4.71
Oriental Bank Of Commerce CRISIL A1+ 58.28 3.92
Canara Bank CRISIL A1+ 49.64 3.34

Full Portfolio

Sector Allocation (Apr 30, 15)

Sector %

1-Year

HighLow

No Sector Data Available

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Asset Allocation (%)(Apr 30, 15)

Equity 0.00
Others 0.00
Debt 25.00
Mutual Funds N.A
Money Market 71.38
Cash / Call 3.62

View All

Concentration

Holdings (%)
Top 5 104.78
Top 10 127.94
Sector (%)
Top 3 N.A.

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