About L&T Ultra Short Term Fund Direct - Dividend Weekly Reinvestment
L&T Ultra Short Term Fund Direct - Dividend Weekly 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 ₹1,616.21 Crores and the latest NAV decalared is ₹11.229 as on 29 May 2020 at 8:03 pm.
L&T Ultra Short Term Fund Direct - Dividend Weekly Reinvestment scheme return performance in last 1 year is 7.85%, in last 3 years is 25.04% and 82.64% 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.