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| | What are Short Term Debt Funds? |
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| | Short-term debt funds are mutual fund schemes that seek to invest primarily in debt / fixed-income instruments of shorter term of maturity. The fund manager endeavors to build a diversified portfolio of debt fixed-income instruments with varying maturities of shorter tenure. |
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| | Why L&T Short Term Debt Fund? |
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| | As interest rates tightening by RBI may be closer to peak, attractive investment avenues may be available in short term debt instruments. When inflationary expectations and interest rates cool down, investment avenues in quality debt instruments may be available. |
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| | Where L&T Short Term Debt Fund invests in? |
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| | The Fund endeavors to make investments in quality debt / fixed income securities and money market instruments. |
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| | Am I going to be charged an exit load? |
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| | Yes, an exit load of 0.5% will be charged if your investments are redeemed on or before 6 months; However, no exit load will be charged if investments are redeemed after 6 months. Please note that bonus units and units issued on reinvestment of dividends shall not be subject to exit load. |
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| | How can you invest? |
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| | Apart from traditional avenues of investing in a Mutual Fund Scheme, you can also invest online through www.lntmf.com, which is convenient, secure and fast. |
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Minimum Application Amount:
For all options Rs. 5,000/- and in multiples of Re. 1/- thereafter |
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Disclaimer:This material is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. This message should not be construed as solicitation for purchase of units of L&T Short Term Debt Fund. Any reference to the securities / asset class/ index herein is only for illustration purpose and is not recommendations from the AMC. Any performance information mentioned refers to the past should not be seen as an indication of future returns.
Statutory Details: 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 Investment Management Limited as the Investment Manager.
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| Statutory Details: 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 Investment Management Limited as the Investment Manager.Risk Factors: All investments in mutual funds and securities are subject to market risks and the NAV of the Scheme of the Fund may go up or down depending upon the factors and forces affecting the securities market. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal. Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future performance of the Scheme. The Sponsor is not responsible or liable for any loss resulting fro m the operation of the Scheme beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Fund. L&T Short Term Debt Fund do not in any manner indicate either the quality of the Scheme or its future prospects and returns; and is only the name of the Scheme. There can be no assurance that the objectives of the Scheme/ Mutual Fund will be achieved. Scheme Specific Risk Factors: Investment in the Scheme shall be subject to various risks including but not limited to risk associated with: Investment in Bonds and Fixed Income Securities such as Performance Risk, Credit Risk, Reinvestment Risk, Interest Rate Risk, Investment in Derivatives, Securitized Debt, etc. Please read the Scheme Information Document (SID) and Statement of Additional Information (SAI) carefully before investing. Investment objective and classification: L&T Short Term Debt Fund (An Open Ended Debt Scheme): The investment objective of the Scheme is to generate returns for investors with a short-term investmen t horizon by investing in fixed income securities of shorter term maturity. Load Structure: Entry Load: Nil, Exit Load: 0.5% - if redeemed on or before 6 months; Nil - if redeemed after 6 months. Bonus units and units issued on reinvestment of dividends shall not be subject to exit load. The investor is requested to check the prevailing load structure of the Scheme before investing.Asset Allocation: Debt and Money Market Instruments with residual maturity upto 24 months: 65%–100%, Debt Instruments with residual maturity greater than 24 months and less than 60 months: 0%–35%. The Scheme may invest in securitized debt up to 50% of the portfolio.The Scheme shall have derivatives exposure as per the SEBI/ RBI Guidelines issued from time to time. Further, the Scheme may undertake Interest rate derivatives transactions for the purpose of hedging and portfolio rebalancing (within the permissible limits specified by RBI/ SEBI from time to time). The average maturity of the Portfolio of the Sche me shall not exceed 3 years. Pending deployment of the funds in securities in terms of investment objective of the Scheme, the AMC may park the funds of the Scheme in short term deposits of the Scheduled Commercial Banks, subject to the guidelines issued by SEBI vide its circular dated April 16, 2007, as may be amended from time to time. The gross investments in securities under the Scheme which includes Debt, Money Market Instruments including Securitized debt & Derivatives shall not exceed 100% of net assets of the Scheme. However, following will not be considered while calculating the gross exposure: a) Security-wise hedged position and b) Exposure in Cash or cash equivalents with residual maturity of less than 91 days. The exposure to derivatives will be calculated on notional value of the derivative contracts. Terms of issue and mode of sale and redemption of units: Units of the Scheme are being offered at Rs. 10/- per unit during NFO and at NAV based prices, subject to the prevailing l oads, upon re-opening. The AMC shall calculate and publish the NAV of the Scheme on all Business Days. Investors are requested to note that ASBA facility is also available as an additional mode of payment during NFO. Units of the Scheme can also be transacted in demat mode (only) on the Mutual Fund Service System (MFSS) of NSE and/ or (StAR MF) of BSE. SID, SAI, Key Information Memorandum and Application Forms are available at offices/ branches of the AMC or CAMS Service Centres (CSCs) Distributors and at Mutual Fund website www.lntmf.com. |
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