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3 star

L&T Resurgent India Bond Fund - Regular Plan


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

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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(₹)
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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 4.24 0.29 1.05 3.09 3.27 3.82 7.90 5.94 7.54 -- --
VR Bond 5.50 0.13 0.38 0.85 3.33 5.33 7.35 7.06 7.54 -- --
Debt: Medium Duration 3.86 0.19 0.50 2.34 4.76 3.85 6.37 5.89 7.07 -- --
Rank within category 13 4 1 4 16 14 12 9 7 -- --
Number of funds in category 17 18 18 18 18 18 16 14 13 9 7

As on 10-Jul-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 7.90 5.94 7.54 1.50 685
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
Sep-04 10.73 7.33 8.13 1.64 4,864
SBI Magnum Medium Duration Fund  | Invest Online
5 star
Nov-03 12.67 8.98 9.58 1.22 3,384
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
Jul-03 11.60 8.38 8.51 1.43 3,145
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 9.14 7.38 8.12 1.29 933

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 3.15 (24-Mar-2020 - 23-Apr-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 5.44 3.17 0.05 0.06 0.80 -1.01
VR Bond 6.73 1.95 0.74 1.57 -- --
Debt: Medium Duration 4.73 4.38 0.23 0.66 0.55 -1.37
Rank within category 9 9 9 9 11 10
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 31 74 31 34
Modified Duration (yrs) 3.66 3.76 3.09 3.20
Average Maturity (yrs) 5.20 5.37 4.43 4.02
Yield to Maturity (%) 8.32 9.62 8.14 7.46

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 4.48 - 9.95 8.79
equal 8.54% REC 15/11/2028 Debenture AAA 4.15 - 8.21 8.21
equal 8.35% IRFC 13/03/2029 Debenture AAA 2.43 - 6.81 6.81
equal First Business Receivable Trust Securitised Debt AAA 0.54 - 1.78 6.70
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 0.00 - 6.51 6.51
down 11.10% Hinduja Leyland Finance 2022 Non Convertible Debenture AA- 0.00 - 5.97 4.80
new Andhra Pradesh Expressway 15/10/2022 Debenture AAA 0.00 - 4.43 4.43
new 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.00 - 6.64 3.84
new 7.87% HDFC 18/07/2022 Non Convertible Debenture AAA 0.00 - 3.82 3.82
new 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 3.80 3.80
new 7.25% HDFC 17/06/2030 Debenture AAA 0.00 - 3.70 3.70
equal 8.93% IIFL Home Finance 14/04/2023 Debenture AA 0.00 - 3.33 3.33
down 9.50% Indusind Bank Bonds AA 1.80 - 3.70 2.70
equal 9.81% L&T Metro Rail (Hyderabad) 18/06/2035 Debenture AAA 1.48 - 4.79 2.41
new 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 0.00 - 2.27 2.27
down 8.45% Tata Power Renewable Energy 25/05/2022 Structured Obligation AA 0.00 - 4.67 2.21
equal IOT Utkal Energy Services 20/06/2028 Debenture AAA 0.71 - 2.03 2.03
down 8.80% Cholamandalam Invest. & Fin. 15/06/2027 Debenture AA+ 1.00 - 2.70 1.83
equal 10.35% Patel KNR Heavy Infrastructures 30/09/2023 Structured Obligation AA+ 0.60 - 1.64 1.64
new 7.90% Sikka Ports and Terminals 18/11/2026 Debenture AAA 0.00 - 1.51 1.51
new 6.22% HDFC 2021 Debenture AAA 0.00 - 1.48 1.48
equal 4.00% HPCL Mittal Energy 2020 Debenture AA+ 0.00 - 1.32 1.32
equal 10.35% Patel KNR Heavy Infrastructures 31/03/2026 Structured Obligation AA+ 0.34 - 0.89 0.89
equal 10.35% Patel KNR Heavy Infrastructures 30/09/2026 Structured Obligation AA+ 0.34 - 0.89 0.89
equal 7.52% NHPC 2027 Bonds AAA 0.26 - 0.78 0.78

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 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:


0.29%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 14.9237

Dividend Yearly: ₹ 11.4845

Dividend: ₹ 10.9877


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: 7.64%
Benchmark: CRISIL Medium Term Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 685 Cr (As on 30-Jun-2020)
Expense: 1.50% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-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
 25-Sep-20180.0288
 27-Aug-20180.0360
 25-Jul-20180.0360
 25-Jun-20180.0360
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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