About L&T Ultra Short Term Fund Direct - Dividend Daily Reinvestment
L&T Ultra Short Term Fund Direct - Dividend Daily Reinvestment 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 ₹2,786.44 Crores and the latest NAV decalared is ₹10.465 as on 31 Mar 2020 at 11:35 pm.
L&T Ultra Short Term Fund Direct - Dividend Daily Reinvestment scheme return performance in last 1 year is 7.36%, in last 3 years is 24.26% and 81.07% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.