About L&T Low Duration Fund Direct - Dividend Payout
L&T Low Duration Fund Direct - Dividend Payout is a Debt
mutual fund scheme from L&T Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Jalpan Shah
and Shriram Ramanathan
. It has an AUM of ₹875.16 Crores and the latest NAV decalared is ₹11.062 as on 31 Mar 2020 at 11:35 pm.
L&T Low Duration Fund Direct - Dividend Payout scheme return performance in last 1 year is 5.27%, in last 3 years is 22.19% and 79.96% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.