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3 star

L&T Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 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
Fund 3.83 0.01 0.08 0.35 0.76 2.02 4.13 5.92 6.52 7.47 --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 --
Debt: Low Duration 4.29 0.01 0.07 0.33 1.31 2.54 4.73 5.01 5.77 6.61 --
Rank within category 11 10 5 8 15 10 11 15 12 8 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 03-Dec-2021

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 - Direct Plan  | Invest Online
3 star
Jan-13 4.13 5.92 6.52 0.28% 1,233
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.46 7.35 7.20 0.40% 31,730
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.66 7.41 7.15 0.44% 21,669
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.40 7.52 7.45 0.40% 17,415
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.38 7.56 7.62 0.41% 11,005

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.36 01-Jul-2020 - 08-Jul-2020 -2.61 23-Apr-2020 - 30-Apr-2020
Month 3.39 08-Jun-2020 - 08-Jul-2020 -2.40 31-Mar-2020 - 30-Apr-2020
Quarter 5.39 30-Apr-2020 - 31-Jul-2020 -2.32 20-May-2013 - 19-Aug-2013
Year 12.43 28-Aug-2013 - 28-Aug-2014 2.36 30-Apr-2019 - 30-Apr-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.83 2.82 0.72 0.71 -0.44 1.77
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 5.11 4.37 1.60 3.37 -0.78 0.85
Rank within category 15 16 15 15 8 15
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-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 40 45 29 60
Modified Duration (yrs) 0.55 0.91 0.55 --
Average Maturity (yrs) 0.61 0.99 0.60 --
Yield to Maturity (%) 4.44 4.44 4.06 --
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 7.10% Power Finance Corporation 2022 Bonds/NCDs AAA 0.00 - 6.43 6.30
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 5.51 5.51
equal Embassy Office Parks REIT 2022 Non Convertible Debenture AAA 0.00 - 5.08 5.08
equal 7.00% Reliance Industries 31/08/2022 Non Convertible Debenture AAA 0.00 - 4.19 4.19
equal 6.98% National Bank Agr. Rur. Devp 19/09/2022 Debenture AAA 0.00 - 5.21 4.18
equal Reserve Bank of India 182-D 30/12/2021 Treasury Bills SOV 0.00 - 7.06 4.03
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 4.64 3.98
equal 8.85% India Grid Trust 2022 Non Convertible Debenture AAA 0.00 - 3.67 3.67
equal Tata Capital Financial Services 334-D 29/03/2022 Commercial Paper A1+ 0.00 - 3.19 3.19
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 3.09 3.09
equal 9.35% REC 15/06/2022 Bonds AAA 0.00 - 3.03 3.03
equal 2.00% Tata Steel 23/04/2022 Debenture AA+ 0.00 - 2.97 2.97
down First Business Receivable Trust Securitised Debt AAA 0.37 - 2.51 2.91
equal Aditya Birla Fashion and Retail 2022 Debenture AA 2.28 - 3.61 2.47
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 3.34 2.25
equal 9.50% Muthoot Finance 31/01/2022 Debenture AA+ 0.00 - 2.21 2.21
new 8.85% ONGC Petro Additions 19/04/2022 Debenture AAA 0.00 - 2.18 2.18
equal 7.50% M&M Financial Services 30/11/2021 Bonds AAA 0.00 - 3.23 2.17
equal 7.35% NIIF Infrastructure Finance 2022 Debenture AAA 0.00 - 3.11 2.17
equal 8.35% GOI 2022 GOI Securities SOV 0.00 - 3.21 2.15
new 8.15% GOI 2022 Central Government Loan SOV 0.00 - 2.14 2.14
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.14 2.14
equal 7.41% Nabha Power 20/04/2022 Non Convertible Debenture AAA 1.98 - 3.17 2.13
equal 6.32% REC 31/12/2021 Debenture AAA 0.00 - 3.16 2.12
equal 7.20% Cholamandalam Investment & Finance Company 17/06/2022 Debenture AA+ 0.00 - 2.46 2.11

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 31-Oct-2021

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 01-Jan-2013

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 03-Dec-2021

Growth: ₹ 23.5403

IDCW Yearly: ₹ 11.0804

IDCW: ₹ 11.0855


Investment Strategy

The scheme aims to generate reasonable returns primarily through investments in fixed income securities 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: 01-Jan-2013
Return Since Launch: 7.87%
Benchmark: NIFTY Low Duration Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,233 Cr (As on 31-Oct-2021)
Expense: 0.28% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-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
 26-May-20200.0600
 27-Apr-20200.0600
 26-Mar-20200.0432
 25-Feb-20200.0432
 27-Jan-20200.0360
 26-Dec-20190.0360
 25-Nov-20190.0360
IDCW Yearly19-Mar-20210.7000

 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

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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