VR Logo

3 star

L&T Short Term Bond Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.82 0.04 0.14 0.70 1.13 2.47 4.11 7.95 7.31 7.78 --
CCIL T Bill Liquidity Weight 1.18 -0.01 0.05 0.20 0.55 1.09 2.12 3.48 3.73 4.16 --
Debt: Short Duration 1.90 0.02 0.10 0.62 1.08 2.41 4.36 6.32 6.28 7.11 --
Rank within category 16 1 1 7 8 11 15 9 9 11 --
Number of funds in category 26 27 27 27 27 26 26 25 23 23 21

As on 03-Aug-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Short Term Bond Fund  | Invest Online
3 star
Dec-11 4.11 7.95 7.31 0.75 4,732
ICICI Prudential Short Term Fund  | Invest Now
5 star
Oct-01 5.19 8.45 7.71 1.15 20,921
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 5.34 8.70 7.98 0.75 18,017
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 4.36 8.11 7.34 1.17 17,392
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 4.27 8.20 7.37 0.77 13,701

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.70 24-Mar-2020 - 31-Mar-2020 -1.72 12-Mar-2020 - 19-Mar-2020
Month 3.88 24-Mar-2020 - 23-Apr-2020 -1.85 20-Feb-2020 - 23-Mar-2020
Quarter 6.39 24-Mar-2020 - 24-Jun-2020 -1.55 20-May-2013 - 19-Aug-2013
Year 11.44 20-Aug-2013 - 20-Aug-2014 3.63 10-Jul-2020 - 12-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.71 1.76 2.03 3.04 2.34 5.19
CCIL T Bill Liquidity Weight 3.44 0.39 -1.76 -4.38 -- --
Debt: Short Duration 6.22 3.41 1.26 2.20 0.82 2.65
Rank within category 9 7 7 12 24 3
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-Jul-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 50 63 50 63
Modified Duration (yrs) 1.75 2.52 1.75 1.78
Average Maturity (yrs) 1.96 2.94 1.96 2.22
Yield to Maturity (%) 4.72 5.03 4.42 5.01
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 12.14 12.14
down 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 11.50 8.36
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 4.51 - 6.29 5.74
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 4.08 - 5.72 4.86
equal 7.89% Gujarat State 15/05/2025 State Development Loan SOV 0.00 - 4.49 4.49
equal 4.50% HDFC 14/12/2022 Debenture AAA 0.00 - 4.51 4.31
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 3.51 - 5.34 4.19
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 3.35 - 4.35 3.99
down 6.18% GOI 2024 GOI Securities SOV 3.84 - 14.72 3.84
new SIDBI 2022 Commercial Paper A1+ 0.00 - 3.56 3.56
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 3.25 3.25
down Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 4.33 3.10
equal 8.23% Maharashtra State 2025 State Development Loan SOV 0.00 - 3.06 3.06
down 6.55% NTPC 17/04/2023 Debenture AAA 2.52 - 3.20 2.76
equal 7.29% SIDBI 2022 Debenture AAA 1.94 - 2.54 2.32
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 2.20 2.14
equal First Business Receivable Trust Securitised Debt AAA 0.10 - 0.29 2.11
equal 8.15% Maharashtra State 26/11/2025 State Development Loan SOV 0.00 - 1.74 1.74
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 1.70 1.70
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 1.38 - 1.94 1.65
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.96 - 1.33 1.14
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.95 - 1.31 1.13
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 0.94 - 1.29 1.12
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.94 - 1.35 1.12
equal 8.45% REC 22/03/2022 Debenture AAA 0.93 - 1.27 1.11

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-Jun-2021

Fund Manager

— Jalpan Shah since 30-May-2016

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 30-May-2016

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 03-Aug-2021

Growth: ₹ 21.2356

IDCW Yearly: ₹ 12.6045

More

IDCW Quarterly: ₹ 10.9907

IDCW: ₹ 11.3533

Bonus: ₹ 21.2356


Investment Strategy

The scheme seeks to generate returns by investing in debt, government 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Dec-2011
Return Since Launch: 8.15%
Benchmark: NIFTY Short Duration TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,732 Cr (As on 30-Jun-2021)
Expense: 0.75% (As on 30-Jun-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Jul-20210.0500

 25-Jun-20210.0500
 25-May-20210.0500
 26-Apr-20210.0500
 25-Mar-20210.0500
 25-Feb-20210.0500
 25-Jan-20210.0500
 28-Dec-20200.0600
 25-Nov-20200.0600
 26-Oct-20200.0600
 25-Sep-20200.0600
 25-Aug-20200.0500
 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-20200.0432
 26-Dec-20190.0360
 25-Nov-20190.0360
 25-Oct-20190.0360
 25-Sep-20190.0360
 26-Aug-20190.0360
 25-Jul-20190.0360
IDCW Quarterly25-Jun-20210.1600

 19-Mar-20210.1400
 23-Dec-20200.1600
 24-Sep-20200.1600
 25-Jun-20200.2000
 20-Mar-20200.1441
 27-Dec-20190.1441
 24-Sep-20190.1441
 24-Jun-20190.1441
 22-Mar-20190.1441
 27-Dec-20180.1441
 27-Sep-20180.1080
 22-Jun-20180.1080
 23-Mar-20180.1445
 22-Dec-20170.1445
 20-Sep-20170.1300
 21-Jun-20170.1445
 23-Mar-20170.1445
 28-Dec-20160.1445
 28-Sep-20160.1445
 29-Jun-20160.1445
 23-Mar-20160.1445
 30-Dec-20150.1445
 29-Sep-20150.1445
 29-Jun-20150.1445
IDCW Yearly19-Mar-20210.8000

 20-Mar-20200.5763
 22-Mar-20190.5763
 23-Mar-20180.0722
 23-Mar-20160.2528

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

Upcoming Video

Investors' Hangout

Retirement tips to beat inflation & improve returns

DateFriday, 06-Aug-2021
Time12:30 PM - 01:00 PM