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L&T Flexi Bond Fund - Direct Plan download report

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Debt: Dynamic Bond

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1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for investment horizon of up to three years) in their longer-term portfolios."

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 Flexi Bond Direct-G 1.51 0.05 -0.03 0.76 1.72 1.85 3.00 5.47 6.46 7.76 --
VR Bond 0.66 -0.14 0.07 0.63 1.57 1.27 2.63 3.87 5.08 5.99 --
Debt: Dynamic Bond 1.32 0.00 -0.04 0.81 1.91 1.67 3.73 5.83 6.00 7.41 --
Rank within category 9 1 13 12 15 7 12 13 8 6 --
Number of funds in category 24 24 24 24 24 24 24 22 20 19 0

As on 08-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Flexi Bond Fund - Direct Plan  | Invest Online
3 star
 Jan-13 3.00 5.47 6.46 0.90 40
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
 Jan-13 4.21 7.59 7.32 0.62 5,691
SBI Dynamic Bond Fund - Direct Plan
4 star
 Jan-13 2.70 5.62 6.57 0.87 2,300
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
4 star
 Jan-13 3.16 6.54 7.41 0.28 2,043
IIFL Dynamic Bond Fund - Direct Plan
5 star
 Jun-13 4.07 6.46 6.44 0.27 576

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.86 19-Aug-2013 - 26-Aug-2013 -2.33 12-Aug-2013 - 19-Aug-2013
Month 5.12 25-Oct-2016 - 24-Nov-2016 -2.99 19-Jul-2013 - 19-Aug-2013
Quarter 7.61 25-Aug-2016 - 24-Nov-2016 -5.66 20-May-2013 - 19-Aug-2013
Year 18.86 24-Nov-2015 - 24-Nov-2016 1.27 05-Jan-2021 - 05-Jan-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Flexi Bond Direct-G 5.48 2.66 0.75 0.89 1.19 1.53
VR Bond 3.88 1.88 0.21 0.29 -- --
Debt: Dynamic Bond 5.81 3.22 0.80 1.30 1.04 1.91
Rank within category 15 11 13 15 17 16
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 6 3 23
Modified Duration (yrs) 2.32 3.31 0.34 2.70
Average Maturity (yrs) 2.72 4.11 0.44 4.20
Yield to Maturity (%) 6.40 6.40 3.91 6.55
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 41.74 24.20
up 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 23.98 23.98
new 6.69% GOI 27/06/2024 GOI Securities SOV 0.00 - 12.49 12.49
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 12.95 6.23
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 16.89 2.49
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.85 - 1.27 1.27

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
0.05%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 25.7283

IDCW Yearly: ₹ 11.3074

IDCW Monthly: ₹ 12.7515

Investment Strategy

The scheme aims to generate reasonable returns through a diversified portfolio of fixed income securities. The average maturity profile of the portfolio of the scheme is likely to be up to 4 years and it may, subject to applicable regulations, invest in offshore securities up to 25% of its assets.

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 0.5% for redemption within 365 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.19%
Benchmark: NIFTY Composite Debt Index A-III
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 40 Cr (As on 31-Jul-2022)
Expense Ratio: 0.90% (As on 30-Jun-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Jul-20220.0500

 27-Jun-20220.0500
 25-May-20220.0500
 25-Apr-20220.0500
 25-Mar-20220.0600
 25-Feb-20220.0600
 25-Jan-20220.0600
 27-Dec-20210.0600
 25-Nov-20210.0600
 25-Oct-20210.0600
 27-Sep-20210.0700
 25-Aug-20210.0700
 26-Jul-20210.0700
 25-Jun-20210.0700
 25-May-20210.0700
 26-Apr-20210.0700
 25-Mar-20210.0700
 25-Feb-20210.0700
 25-Jan-20210.0700
 28-Dec-20200.0700
 25-Nov-20200.0700
 26-Oct-20200.0800
 25-Sep-20200.0800
 25-Aug-20200.0600
 27-Jul-20200.0800
IDCW Yearly17-Mar-20220.5200

 19-Mar-20210.7200
 20-Mar-20200.5042
 22-Mar-20190.5042
 23-Mar-20180.5056

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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