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L&T Resurgent India Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

Medium Duration debt funds invest in bonds maturing in 3 to 4 years' time. They aim to earn slightly better returns than inflation and bank fixed deposits of a similar duration. 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.

We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. Therefore, Balanced Hybrid or Conservative Hybrid funds, which invest a part of your money in equity shares, are more suitable alternatives for an investment horizon of 3-5 years. They witness sharper ups and downs than Medium Duration debt funds but the possibility of incurring a loss is substantially reduced if you invest for 3 years and above.

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.75 0.06 0.28 2.16 3.45 5.77 10.06 6.78 7.87 -- --
VR Bond 1.68 0.09 0.38 1.51 2.39 3.10 8.92 6.95 7.15 -- --
Debt: Medium Duration 1.73 0.00 0.09 1.67 1.65 3.49 5.54 6.01 6.86 -- --
Rank within category 1 4 2 2 2 4 5 9 5 -- --
Number of funds in category 18 19 19 19 17 17 16 15 13 9 8

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.23 (31-Jan-2020 - 07-Feb-2020) -1.23 (03-Jun-2019 - 10-Jun-2019)
Month 2.29 (11-Mar-2016 - 12-Apr-2016) -1.41 (17-Apr-2018 - 17-May-2018)
Quarter 4.57 (05-Jul-2016 - 05-Oct-2016) -0.94 (06-Apr-2018 - 06-Jul-2018)
Year 12.31 (24-Nov-2015 - 24-Nov-2016) 1.79 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.83 2.50 0.06 0.12 0.85 -0.14
VR Bond 6.03 2.13 0.17 0.31 -- --
Debt: Medium Duration 5.09 3.17 0.03 0.30 0.56 -0.78
Rank within category 9 9 9 8 14 8
Number of funds in category 16 16 16 16 16 16

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 68 84 67 45
Modified Duration (yrs) 3.49 3.67 3.27 3.11
Average Maturity (yrs) 5.02 5.37 4.83 4.33
Yield to Maturity (%) 8.61 9.60 8.61 8.85

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.65% Green Infra Wind Energy 2023 Debenture AA 4.79 - 5.73 5.73
equal 8.54% REC 15/11/2028 Debenture AAA 3.54 - 4.59 4.59
down 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 4.48 - 5.85 4.48
equal Indostar Capital Finance 2021 Debenture AA- 3.57 - 4.29 4.28
equal 9.81% L&T Metro Rail (Hyderabad) 18/06/2035 Debenture AAA 3.84 - 4.79 3.97
equal 8.45% IRFC 2028 Debenture AAA 3.08 - 3.93 3.93
up 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 0.00 - 3.92 3.92
equal Andhra Pradesh Expressway 15/10/2024 Debenture AAA 2.55 - 3.36 3.36
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 2.44 - 3.04 3.04
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 3.00 3.00
equal 7.99% HDFC 2024 Debenture AAA 0.00 - 2.92 2.92
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 2.81 - 6.64 2.90
equal 8.35% IRFC 13/03/2029 Debenture AAA 0.00 - 2.83 2.52
new First Business Receivable Trust Securitised Debt AAA 0.00 - 0.66 2.48
equal 8.10% SBI Cards & Payments Services 17/10/2023 Debenture AAA 2.18 - 2.55 2.31
down 9.15% SP Jammu Udhampur Highway 31/12/2027 Debenture AAA 2.13 - 2.58 2.31
equal Bharat Aluminium Co. 30/06/2020 Debenture AA- 0.00 - 2.00 2.00
equal 9.15% SP Jammu Udhampur Highway 30/06/2027 Bonds AAA 1.61 - 1.97 1.97
equal 9.15% SP Jammu Udhampur Highway 31/12/2023 Debenture AAA 1.52 - 1.86 1.86
down 9.50% Indusind Bank Bonds AA 1.81 - 2.69 1.81
equal 9.99% Jhajjar Power 30/04/2025 Debenture AA+ 1.46 - 1.78 1.78
equal 8.28% Oriental Nagpur Betul Highway 30/09/2023 Debenture AAA 1.38 - 1.70 1.70
down 9.50% India Infoline Finance 2022 Debenture AA 1.64 - 2.70 1.64
equal 8.12% NHPC 22/03/2029 Debenture AAA 0.00 - 1.52 1.52
equal 8.42% National Bank Agr. Rur. Devp 13/02/2029 Debenture AAA 0.00 - 1.52 1.52

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-Jan-2020

Fund Manager

— Shriram Ramanathan since 22-Jan-2015

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:

— Vikas Garg since 03-Apr-2017

Education: Mr. Garg is CFA MBA Finance, B-Tech and M- Tech

Experience: Prior to joining L&T Mutual Fund he has worked with Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager

Funds Managed:


0.06%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 14.7100

Dividend Yearly: ₹ 12.0385

Dividend: ₹ 11.1123


Investment Strategy

The scheme seek to generate income by investing primarily in debt and money market securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 02-Feb-2015
Return Since Launch: 7.94%
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,747 Cr (As on 31-Jan-2020)
Expense: 1.49% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-Jan-20200.0432

 26-Dec-20190.0360
 25-Nov-20190.0360
 25-Oct-20190.0288
 25-Sep-20190.0288
 26-Aug-20190.0288
 25-Jul-20190.0288
 25-Jun-20190.0288
 27-May-20190.0288
 25-Apr-20190.0288
 25-Mar-20190.0288
 25-Feb-20190.0288
 25-Jan-20190.0288
 26-Dec-20180.0288
 26-Nov-20180.0288
 25-Oct-20180.0288
 25-Sep-20180.0288
 27-Aug-20180.0360
 25-Jul-20180.0360
 25-Jun-20180.0360
 25-May-20180.0360
 25-Apr-20180.0432
 26-Mar-20180.0433
 26-Feb-20180.0433
 25-Jan-20180.0433
Dividend Yearly22-Mar-20190.5042

 23-Mar-20180.5056
 23-Mar-20170.2528
 23-Mar-20160.2167

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

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dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM