1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
"Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios."
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
L&T Credit Risk Ret-Bonus | 0.18 | 0.02 | 0.14 | 0.21 | -0.45 | 0.21 | 4.08 | 4.02 | 4.27 | 5.76 | 6.61 |
CCIL T Bill Liquidity Weight | 0.85 | 0.02 | 0.05 | 0.20 | 0.36 | 0.86 | 1.97 | 2.68 | 3.31 | 3.68 | 4.25 |
Debt: Credit Risk | 9.95 | -0.01 | 0.14 | 0.14 | 8.07 | 10.00 | 15.52 | 5.44 | 4.04 | 5.51 | 7.18 |
As on 28-Jun-2022
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
L&T Credit Risk Fund - Retail Plan | Invest Online | Oct-09 | 4.08 | 4.02 | 4.27 | 1.64% | 164 | |
HDFC Credit Risk Debt Fund - Regular Plan | Invest Online | Mar-14 | 3.25 | 7.55 | 6.88 | 1.58% | 8,640 | |
ICICI Prudential Credit Risk Fund | Invest Now | Dec-10 | 4.45 | 7.65 | 7.27 | 1.54% | 8,022 | |
SBI Credit Risk Fund | Invest Online | Jul-04 | 3.73 | 6.59 | 6.19 | 1.55% | 3,035 | |
Axis Credit Risk Fund - Regular Plan | Jul-14 | 3.56 | 6.47 | 5.56 | 1.68% | 690 |
Best Performance | Worst Performance | |||
---|---|---|---|---|
Return (%) | Period | Return (%) | Period | |
Week | 3.12 | 03-Jul-2020 - 10-Jul-2020 | -3.13 | 23-Apr-2020 - 30-Apr-2020 |
Month | 4.12 | 12-Jun-2020 - 13-Jul-2020 | -4.44 | 31-Mar-2020 - 30-Apr-2020 |
Quarter | 5.22 | 05-Jun-2020 - 04-Sep-2020 | -4.95 | 09-Mar-2020 - 08-Jun-2020 |
Year | 12.60 | 19-Aug-2013 - 19-Aug-2014 | -3.41 | 03-Jun-2019 - 02-Jun-2020 |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
L&T Credit Risk Ret-Bonus | 3.39 | 4.15 | -0.03 | -0.02 | -2.41 | -2.06 |
CCIL T Bill Liquidity Weight | 2.69 | 0.37 | -2.20 | -4.41 | -- | -- |
Debt: Credit Risk | 5.37 | 10.07 | 0.54 | 0.71 | -5.95 | -2.95 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-May-2022
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 20 | 24 | 18 | 30 |
Modified Duration (yrs) | 1.29 | 2.06 | 1.29 | 1.71 |
Average Maturity (yrs) | 1.52 | 2.55 | 1.52 | 2.37 |
Yield to Maturity (%) | 6.94 | 6.94 | 5.51 | 7.14 |
Avg Credit Rating | AAA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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4.56% GOI 29/11/2023 | GOI Securities | SOV | 0.00 - 11.61 | 8.93 |
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8.93% IIFL Home Finance 14/04/2023 | Debenture | AA | 7.41 - 9.24 | 7.84 |
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9.75% Manappuram Finance 2022 | Debenture | AA | 0.00 - 6.50 | 6.50 |
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8.20% Aadhar Housing Finance 2023 | Non Convertible Debenture | AA | 0.00 - 6.50 | 6.50 |
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7.98% ONGC Petro Additions 25/10/2023 | Non Convertible Debenture | AA | 0.00 - 6.46 | 6.46 |
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7.35% GOI 22/06/2024 | Central Government Loan | SOV | 0.00 - 6.38 | 6.38 |
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JM Financial Products 30/06/2022 | Debenture | AA | 0.00 - 6.36 | 6.36 |
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8.10% Tata Projects 30/08/2022 | Floating Rate Debenture | AA | 0.00 - 6.24 | 6.24 |
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6.92% Godrej Industries 14/05/2025 | Debenture | AA | 5.00 - 6.14 | 5.97 |
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5.22% GOI 15/06/2025 | GOI Securities | SOV | 0.00 - 11.19 | 5.96 |
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8.28% Oriental Nagpur Betul Highway 30/09/2024 | Debenture | AAA | 4.44 - 5.24 | 5.24 |
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9.90% Coastal Gujarat Power 27/08/2028 | Debenture | AA | 4.28 - 8.35 | 4.95 |
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7.99% Tata Power Company 16/11/2023 | Bonds/NCDs | AA | 0.00 - 4.50 | 4.50 |
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9.60% Tata Motors 29/10/2022 | Debenture | AA- | 0.00 - 3.26 | 3.26 |
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6.49% Yarrow Infrastructure 2024 | Non Convertible Debenture | AAA | 0.00 - 2.20 | 2.20 |
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6.49% Rattan India Solar 2024 | Non Convertible Debenture | AAA | 0.00 - 0.81 | 0.81 |
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6.49% Sepset Construction 2024 | Non Convertible Debenture | AAA | 0.00 - 0.69 | 0.69 |
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6.49% Malwa Solar Power Generation 2024 | Non Convertible Debenture | AAA | 0.00 - 0.69 | 0.69 |
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6.49% Citra Real Estate 2024 | Debenture | AAA | 0.00 - 0.11 | 0.11 |
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6.49% Priapus Infrastructure 2024 | Debenture | AAA | 0.00 - 0.11 | 0.11 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-May-2022
— Jalpan Shah since 21-Mar-2020
Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience: Prior to joining L&T Mutual Fund, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
Interviews:
Funds Managed:
— Shriram Ramanathan since 24-Nov-2012
Education: Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience: Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Funds Managed:
The scheme seeks to generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments.
Min. Investment (₹) | 10,000 |
Min. Addl Investment (₹) | 1,000 |
Min. SIP Investment (₹) | -- |
Min. No of Cheques | -- |
Min. Withdrawal (₹) | 1,00,000 |
Min. Balance (₹) | -- |
Lock-in Period | Not Applicable |
Exit Load | For units in excess of 10% of the investment,1% will be charged for redemption within 365 days |
Fund House: | L&T Mutual Fund |
Launch Date: | 08-Oct-2009 |
Return Since Launch: | 6.80% |
Benchmark: | NIFTY Credit Risk Bond Index C-III |
Riskometer: | Moderate |
Type: | Open-ended |
Assets: | ₹ 164 Cr (As on 31-May-2022) |
Expense: | 1.64% (As on 28-Feb-2017) |
Risk Grade: | -- |
Return Grade: | -- |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Monthly | 25-Oct-2016 | 0.0506 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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IDCW Quarterly | 28-Sep-2016 | 0.1806 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fund News - 20-Mar-2013
AMC: L&T Investment Management Ltd
Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098
Phone: 022-66554000 / 1800-2000-400
Fax: 022-66554002
Website: http://www.lntmf.com
Registrar & Transfer Agent: Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002
Phone: 1800-3010-6767 / 1800-419-7676
Fax: 044-30407101
Email: [email protected]
Website: www.camsonline.com