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L&T Short Term Bond Fund download report

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Debt: Short Duration

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 Short Term Bond-G 1.00 0.01 0.19 0.59 1.31 0.50 2.04 5.44 6.11 6.70 7.41
CCIL T Bill Liquidity Weight 1.28 0.06 0.07 0.30 0.76 1.05 2.05 2.60 3.27 3.64 4.21
Debt: Short Duration 1.87 0.01 0.19 0.60 1.31 1.47 3.83 5.60 5.48 6.36 7.17
Rank within category 21 13 11 13 15 23 22 15 10 11 11
Number of funds in category 26 26 26 26 26 26 26 24 21 21 20

As on 12-Aug-2022

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 2.04 5.44 6.11 0.75 3,742
ICICI Prudential Short Term Fund  | Invest Now
4 star
 Oct-01 3.62 6.53 6.53 1.12 15,543
HDFC Short Term Debt Fund  | Invest Online
4 star
 Jun-10 2.94 6.50 6.89 0.74 13,533
Nippon India Short Term Fund  | Invest Online
4 star
 Dec-02 2.79 6.06 6.17 1.15 6,681
Axis Short Term Fund
4 star
 Jan-10 3.10 6.12 6.52 0.96 6,499

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 1.29 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Short Term Bond-G 5.42 1.81 1.06 1.66 3.23 4.82
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Short Duration 5.59 2.81 0.96 1.95 1.26 3.23
Rank within category 15 10 12 17 23 4
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 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 38 61 38 47
Modified Duration (yrs) 1.61 1.88 1.36 1.50
Average Maturity (yrs) 1.81 2.12 1.52 1.89
Yield to Maturity (%) 6.85 6.85 4.26 6.76
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 5.27% Gujarat State 19/01/2024 State Development Loan SOV 0.00 - 10.50 10.50
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 6.56 - 8.19 8.19
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 5.64 - 6.95 6.95
equal 7.89% Gujarat State 15/05/2025 State Development Loan SOV 4.44 - 5.44 5.44
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 3.33 - 4.82 4.82
equal 5.27% National Bank Agr. Rur. Devp 23/07/2024 Non Convertible Debenture AAA 0.00 - 4.56 4.54
equal 6.55% NTPC 17/04/2023 Debenture AAA 2.82 - 4.08 4.08
new 7.40% HDFC 2025 Bonds/NCDs AAA 0.00 - 4.06 4.06
equal 8.23% Maharashtra State 2025 State Development Loan SOV 2.91 - 3.69 3.69
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 3.46 3.46
equal 5.22% GOI 15/06/2025 GOI Securities SOV 2.70 - 8.08 2.84
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 1.10 - 2.76 2.76
equal 4.71% HDFC 2023 Non Convertible Debenture AAA 0.00 - 2.73 2.73
equal 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 2.69 2.69
equal 5.84% Bajaj Housing Finance 21/02/2024 Floating Rate Bond AAA 0.00 - 2.69 2.69
equal 5.75% Bajaj Finance 16/02/2024 Debenture AAA 0.00 - 2.69 2.69
new 7.25% SIDBI 31/07/2025 Debenture AAA 0.00 - 2.68 2.68
new 7.15% SIDBI 21/07/2025 Debenture AAA 0.00 - 2.68 2.68
equal SIDBI 23/03/2023 Commercial Paper A1+ 0.00 - 2.57 2.57
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 1.58 - 2.11 2.11
equal 8.15% Maharashtra State 26/11/2025 State Development Loan SOV 1.72 - 2.09 2.09
down First Business Receivable Trust Securitised Debt AAA 0.12 - 0.36 2.02
equal 5.80% Kotak Mahindra Prime 20/02/2024 Debenture AAA 0.00 - 1.75 1.75
new 7.35% National Bank Agr. Rur. Devp 2025 Debenture AAA 0.00 - 1.35 1.35
new 5.96% National Bank Agr. Rur. Devp 2025 Bonds/NCDs AAA 0.00 - 1.34 1.34

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-Jul-2022

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:

Invest Online
0.01%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 21.6888

IDCW Yearly: ₹ 12.2214

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IDCW Quarterly: ₹ 10.6900

IDCW: ₹ 11.0907

Bonus: ₹ 21.6888

Investment Strategy

The scheme seeks to generate returns by investing in debt, government 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: 27-Dec-2011
Return Since Launch: 7.55%
Benchmark: NIFTY Short Duration Debt Index B-II
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 3,742 Cr (As on 31-Jul-2022)
Expense Ratio: 0.75% (As on 31-Jul-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-Jul-20220.0400

 27-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-20210.0500
 25-Aug-20210.0500
 26-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
IDCW Quarterly24-Jun-20220.1300

 17-Mar-20220.1300
 27-Dec-20210.1300
 24-Sep-20210.1400
 25-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
IDCW Yearly17-Mar-20220.6500

 19-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

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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