About L&T Low Duration Fund Direct-Growth
L&T Low Duration Fund Direct-Growth 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 Vikas Garg
and Shriram Ramanathan
. It has an AUM of ₹1,005.52 Crores and the latest NAV decalared is ₹20.751 as on 16 Oct 2019 at 9:50 pm.
L&T Low Duration Fund Direct-Growth scheme return performance in last 1 year is 6.01%, in last 3 years is 22.75% and 73.28% 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.