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3 star

L&T Low Duration Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 6.06 0.04 0.10 0.70 1.41 4.10 7.39 6.13 7.42 8.05 --
CCIL T Bill Liquidity Weight 2.74 0.00 0.07 0.25 0.60 1.26 3.29 3.96 4.15 4.57 --
Debt: Low Duration 5.49 0.03 0.11 0.63 1.33 4.87 6.24 5.08 6.11 6.72 --
Rank within category 14 11 14 7 10 12 13 15 10 3 --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 26-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Low Duration Fund  | Invest Online
3 star
Dec-10 7.39 6.13 7.42 0.95 537
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 8.43 7.99 8.13 0.55 19,922
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.84 7.63 7.64 1.22 13,927
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.09 7.54 7.59 1.10 9,746
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.37 7.86 8.07 1.12 8,418

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.35 (01-Jul-2020 - 08-Jul-2020) -2.62 (23-Apr-2020 - 30-Apr-2020)
Month 3.35 (08-Jun-2020 - 08-Jul-2020) -2.44 (31-Mar-2020 - 30-Apr-2020)
Quarter 5.25 (30-Apr-2020 - 31-Jul-2020) -2.38 (20-May-2013 - 19-Aug-2013)
Year 12.15 (28-Aug-2013 - 28-Aug-2014) 1.84 (30-Apr-2019 - 30-Apr-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.98 2.84 0.32 0.29 -1.10 -0.36
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Low Duration 5.14 4.37 1.09 2.26 -0.74 -0.78
Rank within category 16 16 16 15 4 17
Number of funds in category 25 25 25 25 25 25

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 48 20 53
Modified Duration (yrs) 0.86 0.94 0.62 0.79
Average Maturity (yrs) 0.93 1.17 0.70 0.90
Yield to Maturity (%) 5.00 8.40 5.00 4.79
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 7.24% REC 21/10/2021 Debenture AAA 0.00 - 8.14 8.14
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 4.02 - 8.57 7.90
up 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 6.58 6.08
new 6.22% HDFC 2021 Debenture AAA 0.00 - 5.80 5.80
equal Aditya Birla Fashion and Retail 2022 Debenture AA 0.00 - 6.61 5.11
new 8.80% LIC Housing Fin. 24/12/2020 Debenture AAA 0.00 - 5.02 5.02
equal 8.25% Bharti Telecom 17/03/2021 Debenture AA+ 0.00 - 6.42 4.97
equal Reliance Retail Ltd. 28/06/2021 Securitised Debt AAA 0.00 - 6.40 4.93
equal 8.05% Power Finance Corp. 27/04/2021 Debenture AAA 0.00 - 6.37 4.92
new 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 4.90 4.90
equal 8.45% Tata Power Renewable Energy 25/05/2022 Structured Obligation AA 2.59 - 6.22 4.90
equal First Business Receivable Trust Securitised Debt AAA 0.49 - 2.55 4.78
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 6.01 4.59
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 5.88 4.54
new 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 4.07 4.07
new 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.00 - 2.95 2.95
equal 8.40% SIDBI 2021 Debenture AAA 0.00 - 4.09 2.93
equal 11.40% Hinduja Leyland Finance 15/06/2021 Debenture AA- 0.00 - 2.33 2.05
new 7.20% HDFC 13/04/2023 Non Convertible Debenture AAA 0.00 - 2.00 2.00
equal 8.93% IIFL Home Finance 14/04/2023 Debenture AA 0.00 - 5.28 1.76
equal Axis Bank 30/12/2020 Certificate of Deposit A1+ 0.00 - 1.20 0.92
equal 11.60% Reliance Broadcast Network 2020 Debenture D 0.00 - 0.28 0.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Jalpan Shah since 21-Mar-2020

Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.

Experience: Prior to joining L&T, 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.

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:


0.04%

Change from previous, NAV as on 26-Oct-2020

Growth: ₹ 21.8386

Dividend Yearly: ₹ 11.0577

Dividend: ₹ 10.6124


Investment Strategy

The scheme aims to generate reasonable returns primarily through investments in fixed income securities and money market securities.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 04-Dec-2010
Return Since Launch: 8.21%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 537 Cr (As on 30-Sep-2020)
Expense: 0.95% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Oct-20200.0600

 25-Sep-20200.0500
 25-Aug-20200.0600
 27-Jul-20200.0600
 25-Jun-20200.0600
 26-May-20200.0600
 27-Apr-20200.0600
 26-Mar-20200.0432
 25-Feb-20200.0432
 27-Jan-20200.0360
 26-Dec-20190.0360
 25-Nov-20190.0360
 25-Oct-20190.0360
 25-Sep-20190.0360
 26-Aug-20190.0432
 25-Jul-20190.0432
 25-Jun-20190.0432
 27-May-20190.0432
 25-Apr-20190.0432
 25-Mar-20190.0432
 25-Feb-20190.0432
 25-Jan-20190.0432
 26-Dec-20180.0432
 26-Nov-20180.0432
 25-Oct-20180.0432
Dividend Yearly20-Mar-20200.5042

 22-Mar-20190.5042
 23-Mar-20180.5056
 23-Mar-20170.1806

Contact Information

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

Email: [email protected]

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

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