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4 star

L&T Short Term Bond Fund


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 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.

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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 8.51 -0.01 0.06 1.11 1.30 5.16 9.55 8.18 7.93 8.39 --
CCIL T Bill Liquidity Weight 2.75 0.00 0.04 0.27 0.60 1.26 3.28 3.94 4.14 4.58 --
Debt: Short Duration 7.87 -0.01 0.09 1.16 1.56 5.84 8.93 6.33 7.00 7.69 --
Rank within category 14 16 15 16 20 21 14 8 10 11 --
Number of funds in category 26 26 26 26 26 26 26 23 23 23 20

As on 28-Oct-2020

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
4 star
Dec-11 9.55 8.18 7.93 0.75 4,374
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 10.79 8.27 8.47 1.16 18,946
SBI Short Term Debt Fund
4 star
Jul-07 9.77 8.07 8.12 0.84 16,743
Kotak Bond - Short Term Regular Fund  | Invest Online
4 star
May-02 10.01 8.26 8.09 1.14 14,379
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 11.06 8.90 8.62 0.76 13,569

Best & Worst Performance

Best (Period) Worst (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) 4.27 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.74 1.69 1.58 2.75 2.40 5.46
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Short Duration 6.06 3.47 0.79 1.62 0.77 1.88
Rank within category 6 4 3 7 23 2
Number of funds in category 24 24 24 24 24 24

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 50 84 50 60
Modified Duration (yrs) 2.35 2.42 1.83 2.19
Average Maturity (yrs) 2.73 2.97 2.11 2.71
Yield to Maturity (%) 4.95 6.67 4.77 5.53
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
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 10.89 10.89
down 7.72% GOI 25/05/2025 Central Government Loan SOV 3.85 - 8.70 8.70
up 7.59% GOI 2026 GOI Securities SOV 0.00 - 7.56 7.56
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 3.86 - 5.65 5.46
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 3.17 - 5.34 5.34
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 1.90 - 4.98 4.98
down 7.32% GOI 28/01/2024 GOI Securities SOV 4.96 - 10.43 4.96
equal 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.33 - 4.34 4.34
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 4.34 4.34
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.86 - 3.73 3.73
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 3.05 3.05
equal 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.48 2.48
equal 7.29% SIDBI 2022 Debenture AAA 1.87 - 2.42 2.42
equal 8.50% SIDBI 21/06/2021 Debenture AAA 2.16 - 3.76 2.41
new 6.24% State Bank of India 21/09/2030 Non Convertible Debenture AAA 0.00 - 2.29 2.29
equal Export-Import Bank 2021 Certificate of Deposit A1+ 0.00 - 2.25 2.25
equal First Business Receivable Trust Securitised Debt AAA 0.10 - 0.27 2.17
equal 8.40% SIDBI 2021 Debenture AAA 0.00 - 2.04 2.04
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 1.42 - 1.85 1.85
equal 8.70% Reliance Industries 18/07/2021 Debenture AAA 1.51 - 1.84 1.80
equal 8.81% SIDBI 25/01/2022 Debenture AAA 1.28 - 1.71 1.71
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.97 - 1.29 1.29
equal 8.20% GOI 24/09/2025 Central Government Loan SOV 0.00 - 2.51 1.27
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.93 - 1.27 1.27
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 1.25 1.25

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 30-May-2016

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 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:


-0.01%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 20.6288

Dividend Yearly: ₹ 13.0390

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Dividend Quarterly: ₹ 11.1306

Dividend: ₹ 11.4923

Bonus: ₹ 20.6284


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
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Dec-2011
Return Since Launch: 8.53%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,374 Cr (As on 30-Sep-2020)
Expense: 0.75% (As on 30-Sep-2020)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-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
 25-Jun-20190.0360
 27-May-20190.0360
 25-Apr-20190.0360
 25-Mar-20190.0360
 25-Feb-20190.0360
 25-Jan-20190.0360
 26-Dec-20180.0360
 26-Nov-20180.0360
 25-Oct-20180.0360
Dividend Quarterly24-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
 26-Mar-20150.1452
 29-Dec-20140.1524
 24-Sep-20140.1636
Dividend Yearly20-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

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