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NAV as of ( Sep 09, 2022 )

37.05 0.01 % 1-D Change

7.37% p.a.

You get upto 0.16% extra returns

ET Money's Fund Report Card - L&T Ultra Short Term Fund

ET Money Rank


Out of 18

Performance Quality info

Good drop-arrow

Generated returns consistently


Increased returns for each unit of additional risk info


Downside Protection info

Good drop-arrow

Controlled losses during market corrections


Delivered returns without frequent ups and downs


Minimum SIP amount is ₹
Minimum Lumpsum amount is ₹

By continuing, I agree to the Declaration and T&Cs.

none buyable frame

Fresh Investments closed in this fund!

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Scheme Details

ET Money Rank 10 Out of 18
VRO Rating 3
Expense ratio 0.23%  As on Aug 31, 2022
Exit Load 0%
AUM (Fund Size) 1,668 Crs
Lock-in No Lockin
Age 9 yrs 8 m Since Jan 01, 2013
Benchmark NIFTY Ultra Short Duration Debt Index B-I
Min. Investment

SIP 1000  &

Lumpsum 10000

About L&T Ultra Short Term Fund

L&T Ultra Short Term Fund Direct- Growth is a Ultra Short Duration mutual fund scheme from L&t Mutual Fund . This fund has been in existence for 9 yrs 8 m, having been launched on 01/01/2013. L&T Ultra Short Term Fund Direct- Growth has ₹1,668 Crores worth of assets under management (AUM) as on 30/06/2022 and is medium-sized fund of its category. The fund has an expense ratio of 0.23%, which is close to what most other Ultra Short Duration funds charge.
  • L&T Ultra Short Term Fund Direct- Growth returns of last 1-year are 3.90%. Since launch, it has delivered 7.38% average annual returns.
  • L&T Ultra Short Term Fund Direct- Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
  • The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to similar borrowers and hence the risk of default in this fund is same as the category.
  • The fund's top holdings are in Reserve Bank of India, HDFC Bank Ltd., Small Industries Devp. Bank of India Ltd., Housing Development Finance Corpn. Ltd., National Bank For Agriculture & Rural Development.
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Total value Profit
This fund
Category Average
Bank FD

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Latest Asset & Portfolio Allocation

as on Aug 31, 2022
Top Stock Holdings

Bifurcation by Holding is not available for this fund

Allocation by Market Cap

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Allocation by Sector

Bifurcation by Sector is not available for this fund

Top Debt Holdings

Reserve Bank of India 14.49%

HDFC Bank Ltd. 8.78%

Small Industries Devp. Bank of India Ltd. 8.69%

Housing Development Finance Corpn. Ltd. 7.79%

Allocation by Credit Quality

A1+ 63.64%

AAA 20.03%

SOV 14.49%

Cash & Call Money 1.84%

Allocation by Instruments

Certificate of Deposit 35.72%

Commercial Paper 27.92%

Treasury Bills 14.49%

Debenture 13.75%

Other Holdings

Others 2.24%

Comparison with ultra short duration Funds

as on Sep 12, 2022
0.42 % p.a
This fund


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Trailing Returns and Ranks

as on Sep 12, 2022
Period Trailing returns Category average Rank within category
1 month 0.42% 0.45% 16 / 18
3 months 1.29% 1.33% 16 / 18
6 months 2.08% 2.17% 14 / 18
1 year 3.86% 4.16% 14 / 18
3 years 4.7% 4.95% 12 / 17
5 years 5.91% 5.66% 8 / 13


Level of Risk in the Scheme


Sorry! Our analysts are busy working on analysing a risk rating for this scheme. Please bear with us in the meantime.

L&T Ultra Short Term Fund


The scheme seeks to provide regular and stable return and invests only in corporate bonds and government securities predominantly with a rating of AA or above.

  • Std. Dev : 0.59
  • Alpha : 2.4
  • Beta : 1.33
  • Sharpe : 1.92
  • Sortino : 4.85
  • Profile

    Mahesh A Chhabria

    Mr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.

    He comes to L&T AMC from Fidelity where he has been for the last 3 years, was previously associated with Birla Sun Life AMCwith RSM & Co.

  • Profile

    Jalpan Shah

    Mr. Shah is a B.E. (Mechanical) and holds a PGDM.

    Prior to joining L&T Mutual Fund, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.

L&T Mutual Fund

L&T Mutual Fund



See all schemes


₹71,571 Crs

As on Jun 30, 2022

  • Phone: 022-66554000 / 1800-2000-400
  • Address: Brindavan
    Plot No. 177, CST Road
    Kalina, Santacruz (East)
    Mumbai, 400098

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Frequently asked questions

How are the returns of L&T Ultra Short Term Fund ?

The L&T Ultra Short Term Fund is a 9 yrs 8 m old fund and has delivered average annual returns of 7.37% since inception.

L&T Ultra Short Term Fund Returns

1-Year 3-Year 5-Year Since Inception
3.86% 4.7% 5.91% 7.37%

NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.

The NAV of L&T Ultra Short Term Fund for Sep 09, 2022 is 37.05 .

L&T Ultra Short Term Fund has an ET Money Rank of # 10 of 18 and a consistency rating of 3 .

This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.

On ET Money, Investing in L&T Ultra Short Term Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -

  1. Click on the Invest Now Button present on the top right-hand side.
  2. Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
  3. Provide few more details needed including the bank account from which you will be making the payment and confirm.
  4. That's it. Your SIP or one-time investment in L&T Ultra Short Term Fund is done.

The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.

The Expense Ratio of the direct plan of L&T Ultra Short Term Fund is 0.23%.  .

Redeeming your investments in L&T Ultra Short Term Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in L&T Ultra Short Term Fund from anywhere else, you can go to the fund house website and put a request through it.

AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.

The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.

The AUM of L&T Ultra Short Term Fund is ₹1,668 Crs.

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The L&T Ultra Short Term Fund allocation by credit quality is given below

Credit Quality Percentage of Portfolio
A1+ 63.64%
AAA 20.03%
SOV 14.49%

The top 3 debt holdings of L&T Ultra Short Term Fund are as follows

Holding Name Percentage of Portfolio
Reserve Bank of India 14.49%
HDFC Bank Ltd. 8.78%
Small Industries Devp. Bank of India Ltd. 8.69%
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