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3 star

L&T Low Duration Fund download report


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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
L&T Low Duration-G 1.28 0.01 0.11 0.35 0.42 1.33 3.05 5.07 5.32 6.57 7.28
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: Low Duration 1.23 0.00 0.10 0.27 0.37 1.28 3.58 5.45 5.36 6.14 7.00
Rank within category 13 4 12 5 11 13 9 17 14 9 8
Number of funds in category 22 22 22 22 22 22 22 22 22 21 18

As on 28-Jun-2022

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 3.05 5.07 5.32 0.91% 814
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 2.37 5.71 6.37 0.52% 22,070
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 2.84 5.56 6.02 1.04% 17,330
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 3.15 5.59 6.15 1.21% 11,985
Nippon India Low Duration Fund  | Invest Online
4 star
Mar-07 3.36 5.81 6.03 1.04% 9,544

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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
L&T Low Duration-G 4.21 2.78 0.26 0.25 -0.95 -0.06
CCIL T Bill Liquidity Weight 2.69 0.37 -2.20 -4.41 -- --
Debt: Low Duration 4.37 3.15 0.96 2.01 0.01 0.88
Rank within category 16 16 16 16 6 17
Number of funds in category 22 22 22 22 22 22

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

As on 31-May-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 32 45 29 55
Modified Duration (yrs) 0.52 0.76 0.51 0.58
Average Maturity (yrs) 0.55 0.81 0.53 0.85
Yield to Maturity (%) 5.89 5.89 4.07 5.80
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
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 13.38 13.38
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 1.90 - 5.51 5.51
down 8.85% India Grid Trust 2022 Non Convertible Debenture AAA 0.00 - 5.31 4.97
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 4.53 4.53
down 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 10.20 4.35
equal First Business Receivable Trust Securitised Debt AAA 0.37 - 3.91 3.91
equal Aditya Birla Fashion and Retail 2022 Debenture AA 2.26 - 3.83 3.83
equal 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 2.91 - 6.43 3.26
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 2.89 - 5.21 3.23
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 3.22 3.22
new 7.99% Power Finance Corporation 20/12/2022 Debenture AAA 0.00 - 3.21 3.21
equal JM Financial Products 30/06/2022 Debenture AA 0.00 - 3.20 3.20
new 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 3.18 3.18
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA+ 0.00 - 3.15 3.15
new 5.48% Cholamandalam Investment & Finance Company 30/12/2022 Debenture AA+ 0.00 - 3.12 3.12
equal 4.50% HDFC 14/12/2022 Debenture AAA 1.92 - 5.41 3.11
equal National Bank Agr. Rur. Devp 2024 Non Convertible Debenture AAA 0.00 - 3.07 3.07
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 3.06 3.06
equal Axis Bank 20/09/2022 Certificate of Deposit A1+ 0.00 - 3.02 3.02
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.99 2.99
equal Axis Bank 2022 Certificate of Deposit A1+ 0.00 - 2.99 2.99
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 2.95 2.95
equal HDFC Bank 2023 Certificate of Deposit A1+ 0.00 - 2.93 2.93
equal 7.98% ONGC Petro Additions 2023 Non Convertible Debenture AAA 0.00 - 1.31 1.27
equal 8.45% Power Finance Corporation 2022 Non Convertible Debenture AAA 0.00 - 1.32 1.26

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-May-2022

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 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:


0.01%

Change from previous, NAV as on 28-Jun-2022

Growth: ₹ 23.0548

IDCW Yearly: ₹ 10.4409

IDCW: ₹ 10.3435


Investment Strategy

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

Investment Details

Min. Investment (₹) 10,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. Balance (₹) 500
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 04-Dec-2010
Return Since Launch: 7.48%
Benchmark: NIFTY Low Duration Debt Index B-I
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 814 Cr (As on 31-May-2022)
Expense: 0.91% (As on 31-May-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW27-Jun-20220.0400

 25-May-20220.0400
 25-Apr-20220.0400
 25-Mar-20220.0400
 25-Feb-20220.0400
 25-Jan-20220.0400
 27-Dec-20210.0400
 25-Nov-20210.0400
 25-Oct-20210.0400
 27-Sep-20210.0400
 25-Aug-20210.0400
 26-Jul-20210.0400
 25-Jun-20210.0400
 25-May-20210.0400
 26-Apr-20210.0400
 25-Mar-20210.0400
 25-Feb-20210.0500
 25-Jan-20210.0500
 28-Dec-20200.0500
 25-Nov-20200.0500
 26-Oct-20200.0600
 25-Sep-20200.0500
 25-Aug-20200.0600
 27-Jul-20200.0600
 25-Jun-20200.0600
IDCW Yearly17-Mar-20220.5000

 19-Mar-20210.7000
 20-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

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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