L&T Ultra Short Term Fund

Data as on September 29, 2017


L&T Ultra Short Term Fund

Data as on September 29, 2017


Fund Details

NAV of Plans/Options
(as on September 29, 2017)

Rs
Daily Dividend 10.2568
Weekly Dividend 10.8829
Monthly Dividend 12.7066
Semi Annual Dividend 20.7728
Growth 27.4735
Bonus 14.9857
Regular Growth 26.4375
Daily Dividend - Direct Plan 10.4390
Weekly Dividend - Direct Plan 11.0412
Monthly Dividend - Direct Plan 12.8249
Growth - Direct Plan 27.8760
Bonus - Direct Plan 15.2053
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)3,047.04
Month end AUM(Rs In Crs)2,384.55

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
Indian Railway Finance Corporation Limited CRISIL AAA 10.51%
LIC Housing Finance Limited CARE AAA 10.50%
National Bank for Agriculture & Rural Development CRISIL AAA 9.71%
Housing Development Finance Corporation Limited CRISIL AAA 9.45%
Power Finance Corporation Limited CRISIL AAA 5.50%
Export-Import Bank of India CRISIL AAA 4.95%
Reliance JIO Infocomm Limited CRISIL AAA 4.46%
Mahindra & Mahindra Financial Services Limited IND AAA 4.03%
Vedanta Limited CRISIL AA 3.57%
Sundaram Finance Limited CRISIL AA+ 2.95%
Bajaj Finance Limited IND AAA 2.11%
HDB Financial Services Limited CRISIL AAA 2.11%
Powerlinks Transmission Limited CRISIL AAA 2.11%
Ultratech Cement Limited CRISIL AAA 2.11%
LIC Housing Finance Limited CRISIL AAA 2.10%
Sundaram Finance Limited ICRA AA+ 2.10%
Gruh Finance Limited ICRA AAA 2.10%
HDB Financial Services Limited CARE AAA 2.10%
Kotak Mahindra Prime Limited CRISIL AAA 2.10%
Rural Electrification Corporation Limited CRISIL AAA 1.70%
Name Of Instrument Rating/Industry % to Net
Assets

Small Industries Development Bank of India CARE AAA 1.07%
Power Grid Corporation of India Limited CRISIL AAA 1.06%
Tata Sons Limited CRISIL AAA 1.06%
Credit Suisse Finance (India) Limited CRISIL AAA 1.05%
IDFC Bank Limited ICRA AAA 1.05%
TATA Capital Financial Services Limited CRISIL AA+ 1.05%
Aditya Birla Finance Limited ICRA AA+ 0.63%
Grasim Industries Limited ICRA AAA 0.19%
Total 93.43%

MONEY MARKET INSTRUMENTS
Commercial Paper/Certificate of Deposit
Indiabulls Housing Finance Limited CRISIL A1+ 4.08%
ICICI Bank Limited ICRA A1+ 4.02%
HDFC Bank Limited IND A1+ 4.01%
Indus Towers Limited CRISIL A1+ 2.03%
Power Finance Corporation Limited CARE A1+ 2.01%
Total 16.15%

Others
CBLO/Reverse Repo 0.14%
Net Receivables/(Payables) -9.72%

Net Assets 100.00%

Average Maturity 0.73 years

Modified Duration 0.68 years

YTM 6.78%

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
Indian Railway Finance Corporation Limited CRISIL AAA 10.51%
LIC Housing Finance Limited CARE AAA 10.50%
National Bank for Agriculture & Rural Development CRISIL AAA 9.71%
Housing Development Finance Corporation Limited CRISIL AAA 9.45%
Power Finance Corporation Limited CRISIL AAA 5.50%
Export-Import Bank of India CRISIL AAA 4.95%
Reliance JIO Infocomm Limited CRISIL AAA 4.46%
Mahindra & Mahindra Financial Services Limited IND AAA 4.03%
Vedanta Limited CRISIL AA 3.57%
Sundaram Finance Limited CRISIL AA+ 2.95%
Bajaj Finance Limited IND AAA 2.11%
HDB Financial Services Limited CRISIL AAA 2.11%
Powerlinks Transmission Limited CRISIL AAA 2.11%
Ultratech Cement Limited CRISIL AAA 2.11%
LIC Housing Finance Limited CRISIL AAA 2.10%
Sundaram Finance Limited ICRA AA+ 2.10%
Gruh Finance Limited ICRA AAA 2.10%
HDB Financial Services Limited CARE AAA 2.10%
Kotak Mahindra Prime Limited CRISIL AAA 2.10%
Rural Electrification Corporation Limited CRISIL AAA 1.70%
Small Industries Development Bank of India CARE AAA 1.07%
Power Grid Corporation of India Limited CRISIL AAA 1.06%
Tata Sons Limited CRISIL AAA 1.06%
Credit Suisse Finance (India) Limited CRISIL AAA 1.05%
IDFC Bank Limited ICRA AAA 1.05%
TATA Capital Financial Services Limited CRISIL AA+ 1.05%
Aditya Birla Finance Limited ICRA AA+ 0.63%
Grasim Industries Limited ICRA AAA 0.19%
Total 93.43%

MONEY MARKET INSTRUMENTS
Commercial Paper/Certificate of Deposit
Indiabulls Housing Finance Limited CRISIL A1+ 4.08%
ICICI Bank Limited ICRA A1+ 4.02%
HDFC Bank Limited IND A1+ 4.01%
Indus Towers Limited CRISIL A1+ 2.03%
Power Finance Corporation Limited CARE A1+ 2.01%
Total 16.15%

Others
CBLO/Reverse Repo 0.14%
Net Receivables/(Payables) -9.72%

Net Assets 100.00%

Average Maturity 0.73 years

Modified Duration 0.68 years

YTM 6.78%





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'