L&T Ultra Short Term Fund

Data as on July 31, 2017


L&T Ultra Short Term Fund

Data as on July 31, 2017


Fund Details

NAV of Plans/Options
(as on July 31, 2017)

Rs
Daily Dividend 10.2568
Weekly Dividend 10.8685
Monthly Dividend 12.7034
Semi Annual Dividend 20.5726
Growth 27.2088
Bonus 14.8413
Regular Growth 26.1828
Daily Dividend - Direct Plan 10.4390
Weekly Dividend - Direct Plan 11.0257
Monthly Dividend - Direct Plan 12.8132
Growth - Direct Plan 27.5915
Bonus - Direct Plan 15.0501
Date of Inception :
RegularApril 10, 2003
Direct Plan January 01, 2013
Expense Ratio+ :0.52% (Regular)
0.22% (Direct)
Options• Growth
• Dividend (Reinvestment and Payout)
1. Weekly Dividend
2. Monthly Dividend
3. Semi- annual Dividend
• Daily Dividend Reinvestment Plan
Minimum Application size
(Initial)
Growth/Weekly Dividend/Monthly Dividend/Semi-Annual Dividend:
Rs 10,000 per application and in multiples of Rs 1 thereafter; Daily
Dividend Reinvestment Plan:
Rs 1,00,000 per application and in multiples of Rs 1 thereafter.
Additional InvestmentRs 1,000 per application and in multiples of Rs 1 thereafter
Minimum Redemption Size Regular Plan: Rs 500/- per application or 50 units
Weekly Dividend/Monthly Dividend/ Semi Annual Dividend/ Growth/ Bonus DDRIP: Rs 500 per application or 50 Units
Fund ManagerMr. Jalpan Shah and Mr. Vikas Garg (w.e.f. April 03, 2017)
BenchmarkCRISIL Liquid Fund Index
Monthly Average AUM (Rs In Crs)3,322.61
Month end AUM(Rs In Crs)3,733.13

Portfolio Allocation
Name Of Instrument Rating/Industry % to Net
Assets

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
National Bank for Agriculture & Rural Development CRISIL AAA 9.04%
Housing Development Finance Corporation Limited CRISIL AAA 8.75%
LIC Housing Finance Limited CARE AAA 6.72%
Rural Electrification Corporation Limited CRISIL AAA 4.71%
Sun Pharma Laboratories Limited ICRA AAA 4.04%
Power Finance Corporation Limited CRISIL AAA 3.53%
Indian Railway Finance Corporation Limited CRISIL AAA 3.37%
Export-Import Bank of India CRISIL AAA 3.18%
IDFC Bank Limited ICRA AAA 3.10%
India Infoline Finance Limited ICRA AA 1.79%
Vedanta Limited CRISIL AA 1.75%
Bajaj Finance Limited IND AAA 1.35%
HDB Financial Services Limited CRISIL AAA 1.35%
Ultratech Cement Limited CRISIL AAA 1.35%
Powerlinks Transmission Limited CRISIL AA+ 1.35%
LIC Housing Finance Limited CRISIL AAA 1.35%
Gruh Finance Limited ICRA AAA 1.35%
Kotak Mahindra Prime Limited CRISIL AAA 1.34%
Reliance JIO Infocomm Limited CRISIL AAA 0.82%
Small Industries Development Bank of India CARE AAA 0.68%
Tata Sons Limited CRISIL AAA 0.68%
Name Of Instrument Rating/Industry % to Net
Assets

Credit Suisse Finance (India) Limited CRISIL AAA 0.68%
TATA Capital Financial Services Limited CRISIL AA+ 0.67%
Sundaram Finance Limited CRISIL AA+ 0.54%
Aditya Birla Finance Limited ICRA AA+ 0.41%
Aditya Birla Nuvo Limited ICRA AA+ 0.12%
Total 64.02%

MONEY MARKET INSTRUMENTS
Commercial Paper/Certificate of Deposit
ICICI Bank Limited ICRA A1+ 10.18%
HDFC Bank Limited IND A1+ 7.69%
Indiabulls Housing Finance Limited CRISIL A1+ 2.57%
Small Industries Development Bank of India CARE A1+ 2.54%
IndusInd Bank Limited CRISIL A1+ 1.93%
IDFC Bank Limited ICRA A1+ 1.29%
Indus Towers Limited CRISIL A1+ 1.28%
Kotak Mahindra Bank Limited CRISIL A1+ 1.28%
Power Finance Corporation Limited CARE A1+ 1.27%
Total 30.03%

Others
CBLO/Reverse Repo 0.70%
Net Receivables/(Payables) 5.25%

Net Assets 100.00%

Average Maturity 0.79 years

Modified Duration 0.73 years

YTM 6.70%

Portfolio Allocation
Name Of Instrument Rating/Industry % to Net
Assets

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
National Bank for Agriculture & Rural Development CRISIL AAA 9.04%
Housing Development Finance Corporation Limited CRISIL AAA 8.75%
LIC Housing Finance Limited CARE AAA 6.72%
Rural Electrification Corporation Limited CRISIL AAA 4.71%
Sun Pharma Laboratories Limited ICRA AAA 4.04%
Power Finance Corporation Limited CRISIL AAA 3.53%
Indian Railway Finance Corporation Limited CRISIL AAA 3.37%
Export-Import Bank of India CRISIL AAA 3.18%
IDFC Bank Limited ICRA AAA 3.10%
India Infoline Finance Limited ICRA AA 1.79%
Vedanta Limited CRISIL AA 1.75%
Bajaj Finance Limited IND AAA 1.35%
HDB Financial Services Limited CRISIL AAA 1.35%
Ultratech Cement Limited CRISIL AAA 1.35%
Powerlinks Transmission Limited CRISIL AA+ 1.35%
LIC Housing Finance Limited CRISIL AAA 1.35%
Gruh Finance Limited ICRA AAA 1.35%
Kotak Mahindra Prime Limited CRISIL AAA 1.34%
Reliance JIO Infocomm Limited CRISIL AAA 0.82%
Small Industries Development Bank of India CARE AAA 0.68%
Tata Sons Limited CRISIL AAA 0.68%
Credit Suisse Finance (India) Limited CRISIL AAA 0.68%
TATA Capital Financial Services Limited CRISIL AA+ 0.67%
Sundaram Finance Limited CRISIL AA+ 0.54%
Aditya Birla Finance Limited ICRA AA+ 0.41%
Aditya Birla Nuvo Limited ICRA AA+ 0.12%
Total 64.02%

MONEY MARKET INSTRUMENTS
Commercial Paper/Certificate of Deposit
ICICI Bank Limited ICRA A1+ 10.18%
HDFC Bank Limited IND A1+ 7.69%
Indiabulls Housing Finance Limited CRISIL A1+ 2.57%
Small Industries Development Bank of India CARE A1+ 2.54%
IndusInd Bank Limited CRISIL A1+ 1.93%
IDFC Bank Limited ICRA A1+ 1.29%
Indus Towers Limited CRISIL A1+ 1.28%
Kotak Mahindra Bank Limited CRISIL A1+ 1.28%
Power Finance Corporation Limited CARE A1+ 1.27%
Total 30.03%

Others
CBLO/Reverse Repo 0.70%
Net Receivables/(Payables) 5.25%

Net Assets 100.00%

Average Maturity 0.79 years

Modified Duration 0.73 years

YTM 6.70%





W.e.f. November 15, 2016 there has been a merger for the following plans:
• L&T Ultra Short Term Fund - Regular Plan - Growth Option to L&T Ultra Short Term Fund - Growth Option.
• L&T Ultra Short Term Fund - Regular Plan - Semi Annual Dividend Option to L&T Ultra Short Term Fund - Semi Annual Dividend Option.
• L&T Ultra Short Term Fund - Regular Plan - Monthly Dividend Option to L&T Ultra Short Term Fund - Monthly Dividend Option.

Pursuant to declaration/ payment of dividend, the NAV will fall to the extent of the payout and statutory levy (if applicable).
Face value Rs10/-.
Past performance of the aforesaid schemes may or may not be sustained in future.

Investment 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
Exit Load: Nil
For details of expenses charged to Regular Plan (subscriptions under which are not accepted w.e.f. October 01, 2012), please refer to the respective fund page under “Our Funds” on our website www.lntmf.com
For details of other funds managed by the Fund Manager and the performance of the schemes, please refer to 'Scheme Performance Section'
+ Please refer to note on expense ratios in 'Fund Manager wise Scheme Details'