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3 star

L&T Triple Ace Bond Fund - Direct Plan


Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.30 Lakh

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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.

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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 9.75 0.08 0.85 2.28 8.87 9.45 13.97 10.23 9.53 8.76 --
VR Bond 5.37 -0.04 0.27 0.74 3.20 5.11 7.37 7.05 7.51 7.59 --
Debt: Corporate Bond 7.31 0.06 0.58 2.24 5.78 6.94 11.82 8.15 8.59 8.81 --
Rank within category 1 6 1 9 1 1 1 1 1 6 --
Number of funds in category 20 20 20 20 20 20 20 14 13 10 0

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Triple Ace Bond Fund - Direct Plan  | Invest Online
3 star
Jan-13 13.97 10.23 9.53 0.29 3,871
HDFC Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 12.44 9.27 9.32 0.30 18,360
Aditya Birla Sun Life Corporate Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 12.44 9.26 9.27 0.30 18,059
ICICI Prudential Corporate Bond Fund - Direct Plan  | Invest Now
4 star
Jan-13 11.99 8.93 9.05 0.25 12,707
Kotak Corporate Bond Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 10.96 9.01 8.93 0.31 4,607

Best & Worst Performance

Best (Period) Worst (Period)
Week 4.30 (24-Mar-2020 - 31-Mar-2020) -3.51 (02-Feb-2017 - 09-Feb-2017)
Month 5.25 (24-Mar-2020 - 23-Apr-2020) -3.78 (06-Feb-2017 - 08-Mar-2017)
Quarter 8.82 (23-Mar-2020 - 22-Jun-2020) -5.97 (20-May-2013 - 19-Aug-2013)
Year 17.06 (27-Feb-2019 - 27-Feb-2020) -0.45 (24-Nov-2016 - 24-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.59 3.79 1.13 2.78 1.61 1.99
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Corporate Bond 7.71 2.74 1.26 2.52 0.63 1.51
Rank within category 1 12 11 6 14 6
Number of funds in category 14 14 14 14 14 14

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 53 61 42 44
Modified Duration (yrs) 5.73 5.84 5.36 5.73
Average Maturity (yrs) 8.15 8.71 7.75 8.15
Yield to Maturity (%) 6.54 7.74 6.54 6.54

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal HDFC Bank 28/12/2028 Debenture AAA 7.05 - 9.89 7.05
equal 7.22% Export-Import Bank 2027 Debenture AAA 0.00 - 6.73 5.74
up 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.68 - 5.78 5.45
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 4.87 4.87
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 4.67 4.67
up 8.30% NTPC 15/01/2029 Debenture AAA 2.69 - 5.16 4.40
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 4.08 - 6.94 4.08
equal 8.55% HDFC 27/03/2029 Debenture AAA 3.69 - 6.53 3.69
equal 7.56% Export-Import Bank 18/05/2027 Bonds AAA 3.19 - 6.03 3.19
up 7.20% Power Grid Corporation 2027 Debenture AAA 0.14 - 2.86 2.86
equal 8.37% HUDCO 25/03/2029 Debenture AAA 2.82 - 5.89 2.82
equal 7.40% HDFC 28/02/2030 Debenture AAA 0.00 - 3.15 2.65
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 2.46 - 6.14 2.46
down 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 1.65 - 3.18 2.25
equal 8.54% REC 15/11/2028 Debenture AAA 0.00 - 2.62 2.18
equal 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 2.53 2.15
equal 7.08% IRFC 28/02/2030 Debenture AAA 0.00 - 2.21 2.14
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 2.14 2.05
equal 8.41% HUDCO 15/03/2029 Debenture AAA 1.15 - 2.97 2.00
equal 8.30% IRFC 25/03/2029 Debenture AAA 1.77 - 3.71 1.77
equal 8.15% National Bank Agr. Rur. Devp 28/03/2029 Non Convertible Debenture AAA 1.48 - 2.35 1.48
equal 8.05% HDFC 22/10/2029 Non Convertible Debenture AAA 0.00 - 2.06 1.38
equal 7.80% Nat. Highways Authority 26/06/2029 Debenture AAA 0.00 - 1.69 1.37
new 7.34% Power Grid Corporation 15/07/2029 Debenture AAA 0.00 - 1.36 1.36
equal 8.95% Food Corporation of India 2029 Debenture AAA 1.34 - 3.60 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 30-Jun-2020

Fund Manager

— Jalpan Shah since 03-Apr-2017

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-Jun-2014

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:


0.08%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 58.4103

Dividend Yearly: ₹ 12.3540

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Dividend Quarterly: ₹ 12.2551

Dividend Half Yearly: ₹ 20.4440


Investment Strategy

The scheme seeks to generate regular return by investing predominantly in AA+ and above rated debt and money market instruments.

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 0.5% for redemption within 90 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.93%
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,871 Cr (As on 30-Jun-2020)
Expense: 0.29% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly25-Jun-20200.2100

 20-Mar-20200.1513
 27-Dec-20190.1513
 24-Sep-20190.1513
 24-Jun-20190.1441
 22-Mar-20190.1441
 27-Dec-20180.1441
 27-Sep-20180.1441
 22-Jun-20180.1441
 23-Mar-20180.1445
 22-Dec-20170.1445
 20-Sep-20170.1445
 21-Jun-20170.2167
 23-Mar-20170.2167
 28-Dec-20160.2167
 28-Sep-20160.1806
 29-Jun-20160.1806
 23-Mar-20160.2528
 30-Dec-20150.2528
 29-Sep-20150.2745
 29-Jun-20150.2022
 26-Mar-20150.2032
 24-Sep-20140.1870
 24-Jun-20140.2338
 24-Mar-20140.1559
Dividend Half Yearly20-Mar-20200.3241

 24-Sep-20190.3241
 22-Mar-20190.3241
 27-Sep-20180.2881
 23-Mar-20180.2889
 20-Sep-20170.4334
 23-Mar-20170.3611
 28-Sep-20160.3611
 23-Mar-20160.2889
 29-Sep-20150.2889
 26-Mar-20150.2903
Dividend Yearly20-Mar-20200.3962

 22-Mar-20190.3962

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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