L&T Low Duration Fund

Summary
Features
How to Invest

L&T Low Duration Fund - Fund Facts

Fund objective	To generate reasonable returns and liquidity primarily through investment in money market and short term debt instruments.
Inception date	September 20, 2007
Fund Managers	Shriram Ramanathan
Benchmark index	CRISIL Liquid Fund Index
Plans Offered	Super Institutional
SIP availability	Yes
Options	The Scheme offers Growth option and Dividend option. The Dividend option offers dividend payout and dividend reinvestment facilities.
Minimum Investment	Rs. 10000 per application Daily Dividend Reinvestment Plan: A minimum of Rs. 1,00,000/- per application and in multiples of Re. 1/- thereafter. For SIP: Rs. 6,000 (minimum single investment Rs. 1000, minimum 6 cheques)
Minimum Additional Application amount	Rs 1000 per application and thereafter in multiples of Re.1
Entry Load	NIL
Exit Load	For investments made with effect from January 2, 2012, the Exit Load under all the plans of L&T Low Duration Fund will be as follows. This change will be applicable on prospective basis. For redemptions within 3 months from the date of allotment or purchase applying First in First out basis: 0.50% A switch-out or a withdrawal under SWP or a transfer under STP (except a switch-out or a transfer under STP into any of the Equity Schemes or fund of funds schemes) may also attract an Exit Load/CDSC like any Redemption. No Exit Loads/CDSC will be chargeable in case of switches made between different plans/options of the Scheme. No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any. In case of units switched out/systematically transferred to another option/Plan within the same Plan/Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the respective Plan/Scheme will be considered as the purchase/allotment date.
Annual Recurring Expenses (w.e.f 27th May 2013)	0.3500%
Annual Recurring Expenses for Direct Plan (w.e.f 27th May 2013)	0.2500%

Fund Ratings

ICRA

mfA1+

L&T Low Duration Fund - Overview

The L&T Low Duration Fund helps you ride out rising interest rates by providing reasonable returns in the short term. Its Credit Risk Rating is mfA1+, the highest credit quality short-term rating assigned by ICRA to debt funds^.

ICRA Ratings: ‘mfAAA’ Rating’ – The rating committee of ICRA, after due consideration, has reaffirmed the ‘Credit Risk Rating mfAAA’ to L&T Flexi Bond Fund. The rating indicates that the underlying portfolio has the lowest credit risk and the highest degree of safety from credit losses. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating, as aforesaid, however should not be treated as a recommendation to buy, sell or hold units issued. Source: ICRA Online. ‘mfA1+ Rating’ – The rating committee of ICRA, after due consideration, has reaffirmed the ‘Credit Risk Rating mfA1+’ to L&T Cash Fund and L&T Low Duration Fund. The rating indicates that the underlying portfolio has the lowest credit risk in the short term and provides protection against credit losses. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating, as aforesaid, however should not be treated as a recommendation to buy, sell or hold units issued. Source: ICRA Online

L&T Low Duration Fund - Features

Investment Style Details

Scheme Classification	An Open Ended Income Scheme
Investment Objective	To generate reasonable returns and liquidity primarily through investment in money market and short term debt instruments.

Normal Asset Allocation

Money market instruments with average maturity of not greater than 1 year (Debt instruments may include securitised debt)	65 to 100
Debt instruments with average maturity of greater than 1 year (Debt instruments may include securitised debt)	0 to 35

Terms of issue

Minimum purchase amount	Rs. 10,000 per application.
Minimum additional purchase amount	Rs. 1,000 per application.
Minimum redemption amount/units	Rs.1,000/100 units.

Scheme Information Document, Key Information Memorandum and Application Forms/Transaction Slips available at the ISCs/distributors' offices.

Statutory

L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T lnvestment Management Limited as the Investment Manager.

Loads

Entry

NIL

Exit

For investments made with effect from January 2, 2012, the Exit Load under all the plans of L&T Low Duration Fund will be as follows. This change will be applicable on prospective basis.

For redemptions within 3 months from the date of allotment or purchase applying First in First out basis: 0.50%

A switch-out or a withdrawal under SWP or a transfer under STP (except a switch-out or a transfer under STP into any of the Equity Schemes or fund of funds schemes) may also attract an Exit Load/CDSC like any Redemption.

No Exit Loads/CDSC will be chargeable in case of switches made between different plans/options of the Scheme.

No Exit loads will be chargeable in case of; (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.

In case of units switched out/systematically transferred to another option/Plan within the same Plan/Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the respective Plan/Scheme will be considered as the purchase/allotment date.

General Services

Investors can contact any of the ISCs at its toll-free number "1800 2000 400". NAVs will be calculated on every business day and published in two daily newspapers on all Business Days. Purchase/Redemption on all Business Days.

Risk factors

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

L&T Low Duration Fund - How to Invest

To invest online

Click here to invest online instantly*.

In case you require any more information on investing in the L&T Low Duration Fund, please call our toll-free Investor Line on 1800 2000 400 between 9am to 6pm on any business day.

To invest offline

Click here to download the KIM and Application form.
Or
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.

Mutual Funds Investments are subject to market risks, read all schemes related documents carefully.

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If you have not completed the KYC formalities, you will have only a "view" access till we receive and process your registration /linking form, accepted terms and conditions, KYC form and other supporting documents.