NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹35.07
0.02%
NAV as on 24 Nov 22, 12:00 AM
low to moderate risk
ultra short duration
debt
NAV as on 24 Nov 22, 12:00 AM
low to moderate risk
ultra short duration
debt
4.20%p.a.
Last 1Y
4.41%p.a.
Last 3Y
5.61%p.a.
Last 5Y
7.69%p.a.
Since Inception
About L&T Ultra Short Term Fund Cumulative for NRIs
NRIs can achieve long-term capital appreciation by investing in the L&T Ultra Short Term Fund Cumulative scheme from L&T Investment Management Ltd. It is a Ultra Short Duration mutual fund scheme that predominantly invests in Ultra Short Duration stocks of companies. Launched on Jan 1998, L&T Ultra Short Term Fund Cumulative is Ultra Short Duration fund of its category with 1,486.65 Cr fund under management as on Nov 2022. The expense ratio of this fund is less than that of most other Fund category Ultra Short Duration funds.
- L&T Ultra Short Term Fund Cumulative delivered 4.2% annual returns during the last year. It has delivered 7.7% average annual returns since the fund was launched.
- L&T Ultra Short Term Fund Cumulative scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To generate reasonable and stable income and provide liquidity to the unit holder. To achieve this objective the scheme will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The scheme will not invest in equities or equity related instruments. There is no assurance that the investment objective of the scheme will be realized.
Top 10 Holdings
Housing Development Finance Corporation Ltd
8.84%
182 Dtb 29122022
6.68%
364 Dtb 09032023
6.59%
Reliance Industries Limited
5.27%
Power Grid Corporation Of India Limited
5.01%
182 DTB 22122022
3.34%
182 DTB 02032023
3.30%
Axis Bank Ltd.
3.22%
Bajaj Finance Limited
3.19%
Rec Limited
2.11%
Fund Managers
- Mahesh Chhabria (Nov 2021 - Present)
- Jalpan Shah (Jun 2014 - Present)
Key Information
View Scheme Document
L&T Ultra Short Term Fund Cumulative SIP Calculator
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NRI Mutual Fund Tax on L&T Ultra Short Term Fund Cumulative
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in L&T Ultra Short Term Fund Cumulative?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in L&T Ultra Short Term Fund Cumulative
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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