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3 star

L&T Banking and PSU Debt Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two 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.

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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(₹)
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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 3.39 0.06 0.12 0.35 0.57 1.86 3.69 8.19 7.37 8.07 --
CCIL T Bill Liquidity Weight 1.90 0.01 0.04 0.19 0.44 1.07 2.02 3.20 3.54 3.99 --
Debt: Banking and PSU 3.80 0.06 0.13 0.44 0.85 2.21 4.07 8.30 7.57 8.09 --
Rank within category 16 10 9 17 22 19 15 14 14 -- --
Number of funds in category 21 22 22 22 22 22 20 17 15 13 0

As on 08-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Banking and PSU Debt Fund - Direct Plan  | Invest Online
3 star
Jan-13 3.69 8.19 7.37 0.23% 4,586
IDFC Banking & PSU Debt Fund - Direct Plan
5 star
Mar-13 3.82 8.97 7.99 0.31% 18,845
Axis Banking & PSU Debt Fund - Direct Plan
4 star
Jan-13 3.75 8.28 7.95 0.33% 16,241
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 5.14 8.55 7.43 0.35% 13,270
HDFC Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Mar-14 4.54 8.83 7.83 0.36% 9,463

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.81 24-Mar-2020 - 31-Mar-2020 -2.54 12-Mar-2020 - 19-Mar-2020
Month 4.66 24-Mar-2020 - 23-Apr-2020 -3.40 20-Feb-2020 - 23-Mar-2020
Quarter 7.92 24-Mar-2020 - 24-Jun-2020 -1.29 24-Dec-2019 - 24-Mar-2020
Year 12.90 02-Jul-2019 - 01-Jul-2020 3.48 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.96 2.20 1.90 3.96 2.21 5.52
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Banking and PSU 8.11 2.43 1.93 3.87 2.31 5.74
Rank within category 13 9 13 8 6 12
Number of funds in category 17 17 17 17 17 17

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 47 50 46 93
Modified Duration (yrs) 1.54 2.34 1.54 --
Average Maturity (yrs) 1.70 2.68 1.70 --
Yield to Maturity (%) 4.82 5.34 4.41 --
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
down 6.18% GOI 2024 GOI Securities SOV 7.51 - 14.38 7.51
equal 6.55% NTPC 17/04/2023 Debenture AAA 5.49 - 7.16 7.16
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 4.84 - 6.32 6.32
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 5.60 5.60
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 4.24 - 5.55 5.55
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 2.60 - 5.66 5.10
down 7.32% GOI 28/01/2024 GOI Securities SOV 5.02 - 14.42 5.02
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 3.50 - 4.51 4.51
equal Export-Import Bank 19/05/2023 Certificate of Deposit AAA 3.14 - 4.36 4.36
equal 7.16% GOI 20/05/2023 Central Government Loan SOV 0.00 - 4.08 4.08
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 3.46 - 4.06 4.03
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 2.94 - 3.94 3.89
equal 9.05% HDFC 20/11/2023 Debenture AAA 2.67 - 3.72 3.72
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 1.69 - 3.36 3.33
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 2.27 - 2.95 2.95
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 1.73 - 2.23 2.23
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 2.12 - 4.21 2.22
equal 6.95% HDFC 27/04/2023 Debenture AAA 1.60 - 2.20 2.20
down HDFC Bank 17/08/2022 Certificate of Deposit A1+ 0.00 - 4.86 2.11
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.30 - 1.70 1.70
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 1.69 1.69
equal 8.70% Power Grid Corporation 15/07/2023 Bonds AAA 1.29 - 1.72 1.65
equal 7.20% HDFC 13/04/2023 Non Convertible Debenture AAA 1.16 - 1.51 1.51
equal 6.99% Housing & Urban Development Corporation 2022 Debenture AAA 0.86 - 1.19 1.19
equal 6.80% REC 30/06/2023 Non Convertible Debenture AAA 0.00 - 1.17 1.17

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 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 03-Apr-2017

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:


0.06%

Change from previous, NAV as on 08-Dec-2021

Growth: ₹ 20.7832

IDCW Weekly: ₹ 10.8455

IDCW Monthly: ₹ 11.7052


Investment Strategy

The scheme aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.

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: 8.22%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,586 Cr (As on 31-Oct-2021)
Expense: 0.23% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily08-Dec-20210.0069

 07-Dec-20210.0014
 06-Dec-20210.0018
 03-Dec-20210.0015
 02-Dec-20210.0010
 30-Nov-20210.0058
 29-Nov-20210.0040
 26-Nov-20210.0002
 22-Nov-20210.0061
 18-Nov-20210.0025
 16-Nov-20210.0009
 10-Nov-20210.0002
 09-Nov-20210.0074
 08-Nov-20210.0123
 20-Sep-20210.0038
 17-Sep-20210.0001
 15-Sep-20210.0023
 13-Sep-20210.0037
 09-Sep-20210.0000
 06-Sep-20210.0007
 02-Sep-20210.0014
 01-Sep-20210.0075
 31-Aug-20210.0034
 30-Aug-20210.0094
 27-Aug-20210.0005
IDCW Weekly06-Dec-20210.0041

 29-Nov-20210.0041
 22-Nov-20210.0083
 08-Nov-20210.0231
 18-Oct-20210.0062
 11-Oct-20210.0080
 20-Sep-20210.0066
 13-Sep-20210.0067
 06-Sep-20210.0094
 30-Aug-20210.0107
 23-Aug-20210.0020
 17-Aug-20210.0266
 09-Aug-20210.0007
 02-Aug-20210.0124
 26-Jul-20210.0062
 19-Jul-20210.0182
 12-Jul-20210.0298
 05-Jul-20210.0092
 14-Jun-20210.0170
 07-Jun-20210.0202
 24-May-20210.0126
 17-May-20210.0030
 10-May-20210.0150
 03-May-20210.0175
 26-Apr-20210.0281
IDCW Monthly25-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-20200.0500
 25-Nov-20200.0500
 26-Oct-20200.0500
 25-Sep-20200.0500
 25-Aug-20200.0500
 27-Jul-20200.0500
 25-Jun-20200.0500
 26-May-20200.0500
 27-Apr-20200.0500
 26-Mar-20200.0360
 25-Feb-20200.0360
 27-Jan-20200.0360
 26-Dec-20190.0360
 25-Nov-20190.0360

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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