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L&T Banking and PSU Debt Fund - Direct Plan download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 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
L&T Banking and PSU Debt Direct-G 0.05 -0.26 0.10 0.90 1.73 0.17 1.20 5.95 6.42 7.22 --
CCIL T Bill Liquidity Weight 1.21 0.05 0.09 0.28 0.61 1.05 2.04 2.63 3.27 3.65 --
Debt: Banking and PSU 1.44 -0.15 0.10 0.59 1.57 1.56 3.06 6.35 6.81 7.55 --
Rank within category 20 20 11 2 3 22 21 14 13 -- --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 0

As on 05-Aug-2022

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
2 star
Jan-13 1.20 5.95 6.42 0.23 4,439
IDFC Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Mar-13 2.96 6.77 7.37 0.32 16,162
Axis Banking & PSU Debt Fund - Direct Plan
5 star
Jan-13 3.37 6.41 7.32 0.33 14,171
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.69 6.48 6.62 0.35 8,487
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.41 6.63 7.16 0.36 6,959

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 -2.73 17-Mar-2022 - 16-Jun-2022
Year 12.90 02-Jul-2019 - 01-Jul-2020 -0.12 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Banking and PSU Debt Direct-G 5.86 2.46 0.96 1.37 3.60 5.59
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Banking and PSU 6.23 2.25 1.29 2.57 2.14 4.65
Rank within category 14 14 15 15 17 4
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 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 48 41 68
Modified Duration (yrs) 2.88 3.20 1.34 1.74
Average Maturity (yrs) 3.42 3.79 1.47 2.41
Yield to Maturity (%) 7.05 7.25 4.41 6.62
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 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 13.62 13.08
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 14.74 11.33
equal 5.59% SIDBI 21/02/2025 Debenture AAA 0.00 - 9.09 8.94
equal 5.70% National Bank Agr. Rur. Devp 22-D 31/07/2025 Debenture AAA 0.00 - 9.20 8.67
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.00 - 9.12 7.01
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.00 - 7.35 6.28
equal 5.81% REC 31/12/2025 Debenture AAA 0.00 - 5.09 3.91
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 1.19 - 3.72 3.68
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 3.04 2.82
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 3.65 2.58
equal 5.59% Housing & Urban Development Corporation 2025 Debenture AAA 0.00 - 2.61 2.56
equal 7.65% Axis Bank 30/01/2027 Non Convertible Debenture AAA 0.00 - 3.05 2.35
equal 7.49% Indian Railway Finance Corporation 30/05/2027 Debenture AAA 0.00 - 3.23 2.32
equal 7.33% Indian Railway Finance Corporation 27/08/2027 Debenture AAA 0.00 - 3.21 2.31
equal 7.20% Export-Import Bank 2025 Fixed Deposits AAA 0.00 - 2.29 2.29
equal 6.14% Indian Oil Corporation 18/02/2027 Debenture AAA 0.00 - 2.26 2.23
equal 7.95% HDFC Bank 21/09/2026 Bonds/Debentures AAA 0.00 - 2.71 2.20
equal 6.88% REC 20/03/2025 Debenture AAA 0.00 - 1.75 1.73
equal 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 1.74 1.72
equal 7.20% Power Grid Corporation 2027 Debenture AAA 0.00 - 1.47 1.45
equal 7.22% Export-Import Bank 2027 Debenture AAA 0.00 - 1.23 1.21
equal 7.30% Power Grid Corporation 19/06/2027 Debenture AAA 0.00 - 1.24 1.14
equal 9.50% Export-Import Bank 2023 Bonds AAA 0.91 - 1.27 0.99
equal 8.05% NTPC 2026 Bonds AAA 0.00 - 0.91 0.83
equal 7.83% Indian Railway Finance Corporation 21/03/2027 Bonds AAA 0.00 - 0.75 0.73

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 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:


-0.26%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 20.8020

IDCW Weekly: ₹ 10.4156

IDCW Monthly: ₹ 11.3352


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

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

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.65%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,439 Cr (As on 31-Jul-2022)
Expense Ratio: 0.23% (As on 30-Jun-2022)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly01-Aug-20220.0437

 25-Jul-20220.0165
 18-Jul-20220.0200
 11-Jul-20220.0196
 04-Jul-20220.0342
 27-Jun-20220.0245
 20-Jun-20220.0358
 13-Jun-20220.0142
 23-May-20220.0062
 17-May-20220.0162
 25-Apr-20220.0182
 04-Apr-20220.0091
 28-Mar-20220.0030
 21-Mar-20220.0199
 14-Mar-20220.0231
 28-Feb-20220.0004
 21-Feb-20220.0138
 14-Feb-20220.0677
 08-Feb-20220.0043
 31-Jan-20220.0009
 24-Jan-20220.0080
 17-Jan-20220.0082
 10-Jan-20220.0072
 03-Jan-20220.0110
 27-Dec-20210.0080
IDCW Monthly25-Jul-20220.0500

 27-Jun-20220.0500
 25-May-20220.0500
 25-Apr-20220.0500
 25-Mar-20220.0500
 25-Feb-20220.0500
 25-Jan-20220.0400
 27-Dec-20210.0400
 25-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
IDCW Daily31-Mar-20220.0084

 30-Mar-20220.0028
 25-Mar-20220.0006
 21-Mar-20220.0068
 17-Mar-20220.0055
 18-Feb-20220.0122
 14-Feb-20220.0119
 11-Feb-20220.0131
 10-Feb-20220.0252
 31-Jan-20220.0009
 25-Jan-20220.0052
 24-Jan-20220.0024
 21-Jan-20220.0011
 20-Jan-20220.0020
 14-Jan-20220.0016
 13-Jan-20220.0059
 12-Jan-20220.0032
 11-Jan-20220.0035
 10-Jan-20220.0023
 07-Jan-20220.0022
 03-Jan-20220.0045
 31-Dec-20210.0039
 30-Dec-20210.0009
 29-Dec-20210.0121
 14-Dec-20210.0008

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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