L&T Ultra Short Term Fund

Data as on April 30, 2017


L&T Ultra Short Term Fund

Data as on April 30, 2017


Fund Details

NAV of Plans/Options
(as on April 28,2017)

Rs
Daily Dividend 10.2568
Weekly Dividend 10.8254
Monthly Dividend 12.6929
Semi Annual Dividend 20.1715
Growth 26.6783
Bonus 14.5519
Regular Growth 25.6724
Daily Dividend - Direct Plan 10.4390
Weekly Dividend - Direct Plan 10.9806
Monthly Dividend - Direct Plan 12.7891
Growth - Direct Plan 27.0293
Bonus - Direct Plan 14.7434
Date of Inception :
RegularApril 10, 2003
Direct Plan January 01, 2013
Expense Ratio+ :0.51% (Non Direct)
0.20% (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)3,269.23
Month end AUM(Rs In Crs)3,585.26

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
LIC Housing Finance Limited CARE AAA 6.46%
Housing Development Finance Corporation Limited CRISIL AAA 6.35%
IDFC Bank Limited ICRA AAA 6.21%
Sun Pharma Laboratories Limited ICRA AAA 4.34%
National Bank for Agriculture & Rural Development CRISIL AAA 4.02%
Rural Electrification Corporation Limited CRISIL AAA 3.34%
Vedanta Limited CRISIL AA 2.76%
Export-Import Bank of India CRISIL AAA 2.54%
Bajaj Finance Limited CRISIL AA+ 2.17%
LIC Housing Finance Limited CRISIL AAA 2.16%
India Infoline Finance Limited ICRA AA 1.88%
Power Finance Corporation Limited CRISIL AAA 1.60%
Tata Sons Limited CRISIL AAA 1.45%
Tata Motors Limited CARE AA+ 1.45%
Gruh Finance Limited ICRA AAA 1.44%
Kotak Mahindra Prime Limited CRISIL AAA 1.44%
Powerlinks Transmission Limited CRISIL AA+ 1.44%
Ultratech Cement Limited CRISIL AAA 1.16%
Credit Suisse Finance (India) Limited CRISIL AAA 0.72%
Sundaram Finance Limited CRISIL AA+ 0.58%
Name Of Instrument Rating/Industry % to Net
Assets

Aditya Birla Finance Limited ICRA AA+ 0.44%
Total 53.95%

MONEY MARKET INSTRUMENTS
Commercial Paper/Certificate of Deposit
HDFC Bank Limited CARE A1+ 8.46%
National Bank for Agriculture & Rural Development CRISIL A1+ 5.56%
Reliance Capital Limited ICRA A1+ 3.56%
Housing Development Finance Corporation Limited ICRA A1+ 3.47%
Kotak Mahindra Bank Limited CRISIL A1+ 2.60%
Bajaj Finance Limited CRISIL A1+ 2.13%
Export-Import Bank of India CRISIL A1+ 1.44%
IndusInd Bank Limited CRISIL A1+ 1.38%
Credit Suisse AG CRISIL A1+ 0.70%
IDFC Bank Limited ICRA A1+ 0.69%
Total 29.99%

Others
CBLO/Reverse Repo 17.59%
Net Receivables/(Payables) -1.53%

Net Assets 100.00%

Average Maturity 0.53 years

Modified Duration 0.49 years

YTM 6.93%

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
LIC Housing Finance Limited CARE AAA 6.46%
Housing Development Finance Corporation Limited CRISIL AAA 6.35%
IDFC Bank Limited ICRA AAA 6.21%
Sun Pharma Laboratories Limited ICRA AAA 4.34%
National Bank for Agriculture & Rural Development CRISIL AAA 4.02%
Rural Electrification Corporation Limited CRISIL AAA 3.34%
Vedanta Limited CRISIL AA 2.76%
Export-Import Bank of India CRISIL AAA 2.54%
Bajaj Finance Limited CRISIL AA+ 2.17%
LIC Housing Finance Limited CRISIL AAA 2.16%
India Infoline Finance Limited ICRA AA 1.88%
Power Finance Corporation Limited CRISIL AAA 1.60%
Tata Sons Limited CRISIL AAA 1.45%
Tata Motors Limited CARE AA+ 1.45%
Gruh Finance Limited ICRA AAA 1.44%
Kotak Mahindra Prime Limited CRISIL AAA 1.44%
Powerlinks Transmission Limited CRISIL AA+ 1.44%
Ultratech Cement Limited CRISIL AAA 1.16%
Credit Suisse Finance (India) Limited CRISIL AAA 0.72%
Sundaram Finance Limited CRISIL AA+ 0.58%
Aditya Birla Finance Limited ICRA AA+ 0.44%
Total 53.95%

MONEY MARKET INSTRUMENTS
Commercial Paper/Certificate of Deposit
HDFC Bank Limited CARE A1+ 8.46%
National Bank for Agriculture & Rural Development CRISIL A1+ 5.56%
Reliance Capital Limited ICRA A1+ 3.56%
Housing Development Finance Corporation Limited ICRA A1+ 3.47%
Kotak Mahindra Bank Limited CRISIL A1+ 2.60%
Bajaj Finance Limited CRISIL A1+ 2.13%
Export-Import Bank of India CRISIL A1+ 1.44%
IndusInd Bank Limited CRISIL A1+ 1.38%
Credit Suisse AG CRISIL A1+ 0.70%
IDFC Bank Limited ICRA A1+ 0.69%
Total 29.99%

Others
CBLO/Reverse Repo 17.59%
Net Receivables/(Payables) -1.53%

Net Assets 100.00%

Average Maturity 0.53 years

Modified Duration 0.49 years

YTM 6.93%





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'