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L&T Low Duration Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 1.39 0.04 0.12 0.88 2.04 3.54 5.51 6.57 7.76 8.14 --
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 4.78 --
Debt: Low Duration 0.83 0.02 0.03 0.67 1.16 2.67 2.11 5.24 6.32 7.04 --
Rank within category 2 4 4 2 1 17 15 14 7 5 --
Number of funds in category 26 26 26 26 26 26 26 26 24 23 16

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.56 (29-Aug-2013 - 05-Sep-2013) -2.43 (03-Jun-2019 - 10-Jun-2019)
Month 2.70 (20-Aug-2013 - 19-Sep-2013) -2.00 (03-Jun-2019 - 03-Jul-2019)
Quarter 4.31 (28-Aug-2013 - 27-Nov-2013) -2.38 (20-May-2013 - 19-Aug-2013)
Year 12.15 (28-Aug-2013 - 28-Aug-2014) 5.06 (15-Jan-2019 - 15-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.26 1.79 0.33 0.26 2.34 4.36
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Low Duration 5.08 3.25 0.69 1.45 1.93 2.52
Rank within category 13 14 13 13 23 6
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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 46 48 41 52
Modified Duration (yrs) 0.94 0.94 0.70 0.74
Average Maturity (yrs) 1.16 1.19 0.88 0.92
Yield to Maturity (%) 7.72 9.47 7.44 6.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bharat Aluminium Co. 30/06/2020 Debenture AA- 4.89 - 8.12 5.62
equal 9.70% Music Broadcast 2020 Debenture AA 3.42 - 4.50 4.50
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 4.30 4.30
equal 4.00% HPCL Mittal Energy 2020 Debenture AA+ 2.79 - 3.95 3.95
equal 8.65% Amba River Coke 2020 Debenture AA 3.27 - 3.85 3.85
equal Andhra Pradesh Expressway 15/10/2022 Debenture AAA 0.00 - 3.47 3.27
equal Aditya Birla Fashion and Retail 2022 Debenture AA 0.00 - 2.86 2.86
equal 8.65% LIC Housing Fin. 15/09/2020 Debenture AAA 2.13 - 2.84 2.84
equal 8.75% Muthoot Finance 24/06/2020 Debenture AA 2.23 - 2.82 2.82
equal 7.50% HDFC 2020 Debenture AAA 0.00 - 2.82 2.82
equal 7.46% Power Finance Corp. 2020 Bonds AAA 0.00 - 2.82 2.82
equal 9.91% Jhajjar Power 28/04/2023 Debenture AA- 0.00 - 2.82 2.82
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.81 2.81
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 2.14 - 2.81 2.81
equal 8.45% Tata Power Renewable Energy 25/05/2022 Structured Obligation AA 0.00 - 2.81 2.81
new Reliance Retail Ltd. 28/06/2021 Securitised Debt AAA 0.00 - 2.81 2.81
equal 8.19% Mahindra Vehicle Manufacturers 24/02/2020 Debenture AAA 0.00 - 2.81 2.81
equal 9.42% JM Financial Products 25/02/2020 Debenture AA 2.10 - 2.81 2.81
equal 8.15% State Bank of India Bonds AA+ 0.00 - 2.81 2.81
new First Business Receivable Trust Securitised Debt AAA 0.00 - 1.12 2.71
new SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 2.65 2.65
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 2.35 2.35
equal 8.58% Aadhar Housing Finance 23/06/2020 Structured Obligation AA 1.61 - 2.24 2.24
equal 11.25% India Infoline Finance 2020 Debenture AA 1.70 - 2.24 2.24
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 2.14 2.14

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 31-Jan-2020

Fund Manager

— 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:

— Vikas Garg since 03-Apr-2017

Education: Mr. Garg is CFA MBA Finance, B-Tech and M- Tech

Experience: Prior to joining L&T Mutual Fund he has worked with Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager

Funds Managed:


0.04%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 20.8774

Dividend Yearly: ₹ 11.2760

Dividend: ₹ 10.6676


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 For units in excess of 10% of the investment,1% will be charged for redemption within 90 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 04-Dec-2010
Return Since Launch: 8.31%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 890 Cr (As on 31-Jan-2020)
Expense: 0.98% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-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
 25-Sep-20180.0432
 27-Aug-20180.0432
 25-Jul-20180.0432
 25-Jun-20180.0432
 25-May-20180.0432
 25-Apr-20180.0432
 26-Mar-20180.0433
 26-Feb-20180.0506
 25-Jan-20180.0506
Dividend Yearly22-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: 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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