VR Logo

L&T Short Term Bond Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame 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, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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 0.41 0.04 0.10 0.73 1.90 4.30 9.83 7.63 8.17 8.59 --
Debt: Short Duration 0.21 0.02 -0.06 0.61 1.47 3.08 5.22 6.00 7.22 7.90 --
Rank within category 11 5 17 18 15 14 12 8 13 12 --
Number of funds in category 29 29 29 29 29 29 28 26 26 24 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 2.15 (20-Aug-2013 - 19-Sep-2013) -1.34 (24-Jun-2013 - 24-Jul-2013)
Quarter 4.01 (29-Aug-2013 - 28-Nov-2013) -1.53 (20-May-2013 - 19-Aug-2013)
Year 11.94 (20-Aug-2013 - 20-Aug-2014) 4.81 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.48 1.44 1.22 2.28 3.68 7.80
Debt: Short Duration 6.13 3.00 0.63 1.30 3.48 6.13
Rank within category 10 6 8 7 13 11
Number of funds in category 27 27 27 27 27 27

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 78 82 65 57
Modified Duration (yrs) 1.91 1.91 1.41 2.04
Average Maturity (yrs) 2.24 2.36 1.64 2.49
Yield to Maturity (%) 6.67 8.29 6.35 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 8.57 8.57
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 1.43 - 4.40 4.32
equal 7.72% GOI 25/05/2025 Central Government Loan SOV 0.00 - 4.30 4.30
up 8.90% State Bank of India 2028 Non Convertible Debenture AAA 3.09 - 4.04 3.71
equal 8.50% SIDBI 21/06/2021 Debenture AAA 0.00 - 5.68 3.70
up 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.64 3.64
equal 7.93% NTPC 2022 Non Convertible Debenture AAA 0.00 - 4.11 3.55
equal 8.43% Kotak Mahindra Prime 28/06/2021 Debenture AAA 0.00 - 3.96 3.13
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 2.93 2.93
equal 6.95% Reliance Industries 14/12/2020 Debenture AAA 2.42 - 3.11 2.58
equal 7.35% GOI 22/06/2024 Central Government Loan SOV 0.00 - 2.23 2.12
new 8.54% Bajaj Finance 2022 Debenture AAA 0.00 - 2.10 2.10
new 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.00 - 2.10 2.10
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 2.41 2.09
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 3.32 2.09
equal 6.78% Reliance Industries 16/09/2020 Non Convertible Debenture AAA 1.94 - 2.44 2.06
new 6.99% HDFC 25/11/2021 Non Convertible Debenture AAA 0.00 - 2.05 2.05
equal 8.37% National Bank Agr. Rur. Devp 2021 Debenture AAA 1.39 - 2.69 2.01
equal 8.18% NTPC 31/12/2020 Bonds AAA 0.00 - 2.54 1.89
equal 8.70% Reliance Jio Infocomm 18/07/2021 Debenture AAA 1.64 - 2.69 1.69
equal 8.02% Larsen & Toubro 22/05/2022 Non Convertible Debenture AAA 0.00 - 1.90 1.58
equal 7.55% HDB Financial Services 19/06/2020 Bonds AAA 1.50 - 2.34 1.55
equal HDFC Bank 17/07/2020 Certificate of Deposit A1+ 0.00 - 1.69 1.49
equal Kotak Mahindra Bank 26/11/2020 Certificate of Deposit A1+ 0.00 - 1.46 1.46
equal 8.81% SIDBI 25/01/2022 Debenture AAA 1.40 - 2.43 1.44

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-Dec-2019

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:


0.04%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 19.7097

Dividend Yearly: ₹ 13.2364

More

Dividend Quarterly: ₹ 11.3823

Dividend: ₹ 11.6299


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: 01-Jan-2013
Return Since Launch: 8.61%
Benchmark: NIFTY Short Duration TRI
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,866 Cr (As on 31-Dec-2019)
Expense: 0.25% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly27-Dec-20190.1513

 24-Sep-20190.1513
 24-Jun-20190.1513
 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-20140.1669
 24-Sep-20140.1792
 24-Jun-20140.2182
 24-Mar-20140.1559
 24-Dec-20130.0779
Dividend26-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
 25-Sep-20180.0360
 27-Aug-20180.0432
 25-Jul-20180.0432
 25-Jun-20180.0432
 25-May-20180.0432
 25-Apr-20180.0432
 26-Mar-20180.0433
 26-Feb-20180.0433
 25-Jan-20180.0433
 26-Dec-20170.0433
Dividend Yearly22-Mar-20190.6123

 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: 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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM