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3 star

L&T Resurgent India Bond Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than 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.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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 7.37 0.18 0.36 1.80 2.91 5.30 9.14 6.32 7.28 -- --
VR Bond 6.46 0.15 0.32 0.85 0.58 3.03 7.46 6.94 7.13 -- --
Debt: Medium Duration 5.76 0.15 0.17 1.47 1.78 5.56 6.29 5.91 6.79 -- --
Rank within category 11 7 10 5 1 14 9 8 7 -- --
Number of funds in category 17 21 21 21 18 18 16 14 13 9 7

As on 26-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Resurgent India Bond Fund - Regular Plan  | Invest Online
3 star
Feb-15 9.14 6.32 7.28 1.51 742
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 11.26 7.71 8.11 1.62 5,192
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 12.71 9.32 9.81 1.24 4,437
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 10.37 8.27 8.16 1.44 3,786
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 9.93 7.73 8.12 1.29 1,302

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.28 (24-Mar-2020 - 31-Mar-2020) -2.46 (12-Mar-2020 - 19-Mar-2020)
Month 3.23 (16-Jun-2020 - 16-Jul-2020) -3.15 (25-Feb-2020 - 26-Mar-2020)
Quarter 4.57 (05-Jul-2016 - 05-Oct-2016) -2.32 (04-Mar-2020 - 03-Jun-2020)
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 5.79 3.24 0.22 0.32 0.75 -0.35
VR Bond 6.51 2.09 0.69 1.28 -- --
Debt: Medium Duration 4.65 4.52 0.27 0.69 0.56 -1.22
Rank within category 8 8 9 8 11 8
Number of funds in category 15 15 15 15 15 15

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

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 34 74 33 31
Modified Duration (yrs) 3.74 3.76 3.09 3.31
Average Maturity (yrs) 4.89 5.32 4.43 4.16
Yield to Maturity (%) 7.53 9.62 7.53 6.91
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 6.45% GOI 2029 GOI Securities SOV 0.00 - 10.26 9.93
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 4.48 - 9.95 8.61
equal 5.77% GOI 2030 GOI Securities SOV 0.00 - 6.68 6.68
equal First Business Receivable Trust Securitised Debt AAA 0.54 - 1.78 6.39
equal 11.10% Hinduja Leyland Finance 2022 Non Convertible Debenture AA- 0.00 - 5.97 4.58
equal Andhra Pradesh Expressway 15/10/2022 Debenture AAA 0.00 - 4.43 4.19
new 6.43% HDFC 29/09/2025 Debenture AAA 0.00 - 4.05 4.05
equal 9.90% ICICI Bank Non Convertible Debenture AA+ 0.00 - 3.82 3.82
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 3.84 3.67
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 3.56 3.56
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 3.51 3.51
equal 5.05% Indian Oil Corp. 25/11/2022 Debenture AAA 0.00 - 3.45 3.45
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 3.40 3.40
equal 8.93% IIFL Home Finance 14/04/2023 Debenture AA 0.00 - 3.33 3.18
equal 9.37% State Bank of India 21/12/2023 Debenture AA+ 0.00 - 3.05 3.05
equal 8.28% Oriental Nagpur Betul Highway 30/03/2025 Debenture AAA 0.00 - 2.73 2.73
equal 8.35% IRFC 13/03/2029 Debenture AAA 2.47 - 6.81 2.70
equal 9.81% L&T Metro Rail (Hyderabad) 18/06/2035 Debenture AAA 1.48 - 4.36 2.30
equal 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 0.00 - 2.27 2.27
equal 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 2.22 2.13
equal 8.45% Tata Power Renewable Energy 25/05/2022 Structured Obligation AA 0.00 - 4.67 2.13
equal 9.50% Indusind Bank Bonds AA 1.80 - 3.70 2.11
equal IOT Utkal Energy Services 20/06/2028 Debenture AAA 0.76 - 2.03 1.91
equal 10.35% Patel KNR Heavy Infrastructures 30/09/2023 Structured Obligation AA+ 0.64 - 1.64 1.53
equal 7.90% Sikka Ports and Terminals 18/11/2026 Debenture AAA 0.00 - 1.51 1.50

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-Sep-2020

Fund Manager

— Jalpan Shah since 21-Mar-2020

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 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:


0.18%

Change from previous, NAV as on 26-Oct-2020

Growth: ₹ 15.3715

Dividend Yearly: ₹ 11.8287

Dividend: ₹ 11.0728


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 90 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 02-Feb-2015
Return Since Launch: 7.79%
Benchmark: CRISIL Medium Term Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 742 Cr (As on 30-Sep-2020)
Expense: 1.51% (As on 30-Sep-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Oct-20200.0700

 25-Sep-20200.0600
 25-Aug-20200.0500
 27-Jul-20200.0600
 25-Jun-20200.0500
 26-May-20200.0500
 27-Apr-20200.0600
 26-Mar-20200.0432
 25-Feb-20200.0432
 27-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
Dividend Yearly20-Mar-20200.5042

 22-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: 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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Alternatives for a fixed-income investor

dateFriday, 06-Nov-2020
time12:30 PM - 01:00 PM