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3 star

L&T Resurgent India Bond Fund - Regular Plan download report


Debt: Medium Duration

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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
L&T Resurgent India Bond Reg-G 0.50 0.03 0.21 0.71 1.44 0.08 2.16 5.78 5.41 6.64 --
VR Bond 0.79 -0.06 -0.01 0.79 1.19 0.77 2.80 3.94 5.11 6.00 --
Debt: Medium Duration 1.98 0.01 0.27 0.86 2.46 1.61 3.79 5.16 5.27 6.32 --
Rank within category 12 3 16 16 14 12 11 8 8 6 --
Number of funds in category 17 17 17 17 17 17 17 15 13 12 8

As on 12-Aug-2022

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 2.16 5.78 5.41 1.45 688
SBI Magnum Medium Duration Fund  | Invest Online
4 star
Nov-03 2.68 6.89 7.05 1.21 9,290
ICICI Prudential Medium Term Bond Fund  | Invest Now
5 star
Sep-04 3.89 7.26 6.58 1.40 6,332
HDFC Medium Term Debt Fund  | Invest Online
4 star
Feb-02 2.81 6.22 6.35 1.29 3,635
Axis Strategic Bond Fund
4 star
Mar-12 3.79 6.82 6.58 1.08 1,670

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 1.01 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Resurgent India Bond Reg-G 5.63 2.93 0.73 0.87 0.74 1.86
VR Bond 3.88 1.88 0.21 0.29 -- --
Debt: Medium Duration 5.14 4.17 0.68 1.06 0.75 1.36
Rank within category 8 11 7 9 5 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 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 37 55 37 37
Modified Duration (yrs) 2.21 2.84 2.21 2.81
Average Maturity (yrs) 2.60 3.56 2.60 3.84
Yield to Maturity (%) 7.59 7.65 5.81 7.29
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 5.63% GOI 2026 GOI Securities SOV 0.00 - 14.89 14.20
equal 5.22% GOI 15/06/2025 GOI Securities SOV 6.73 - 17.04 14.06
equal First Business Receivable Trust Securitised Debt AAA 0.83 - 2.06 7.75
equal 6.40% Embassy Office Parks REIT 15/02/2024 Debenture AAA 0.00 - 7.22 7.22
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 2.33 - 4.78 4.78
equal ONGC Petro Additions 2025 Non Convertible Debenture AAA 2.06 - 4.20 4.20
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 2.00 - 3.82 3.82
equal 8.72% Shriram Transport Finance Company 27/03/2023 Bonds/NCDs AA+ 0.00 - 3.77 3.77
equal 8.25% NIIF Infrastructure Finance 21/05/2025 Debenture AAA 1.97 - 3.76 3.76
equal 8.83% ONGC Petro Additions 2025 Non Convertible Debenture AAA 1.41 - 3.13 3.13
equal 8.28% Oriental Nagpur Betul Highway 30/03/2025 Debenture AAA 1.51 - 2.97 2.97
equal 8.93% IIFL Home Finance 14/04/2023 Debenture AA 1.84 - 3.73 2.90
equal 9.81% L&T Metro Rail (Hyderabad) 18/06/2035 Debenture AAA 1.26 - 2.37 2.37
equal 7.95% Sikka Ports and Terminals 28/10/2026 Debenture AAA 1.15 - 2.33 2.33
equal 5.75% Bajaj Finance 16/02/2024 Debenture AAA 0.00 - 3.88 2.19
equal 6.49% Yarrow Infrastructure 2024 Non Convertible Debenture AAA 1.09 - 2.06 2.06
equal IOT Utkal Energy Services 20/06/2028 Debenture AAA 0.99 - 1.84 1.82
equal 10.35% Patel KNR Heavy Infrastructures 30/09/2023 Structured Obligation AA+ 0.84 - 1.67 1.67
equal 7.90% Sikka Ports and Terminals 18/11/2026 Debenture AAA 0.76 - 1.54 1.54
equal 8.28% Oriental Nagpur Betul Highway 30/03/2024 Debenture AAA 0.75 - 1.49 1.49
equal 5.96% NIIF Infrastructure Finance 16/02/2024 Debenture AAA 0.00 - 1.46 1.46
equal 8.60% NIIF Infrastructure Finance 2024 Debenture AAA 0.54 - 1.11 1.11
equal Andhra Pradesh Expressway 15/10/2022 Debenture AAA 0.87 - 2.59 0.95
equal 10.35% Patel KNR Heavy Infrastructures 30/09/2026 Structured Obligation AA+ 0.47 - 0.94 0.94
equal 10.35% Patel KNR Heavy Infrastructures 31/03/2026 Structured Obligation AA+ 0.47 - 0.93 0.93

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 21-Mar-2020

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 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:


0.03%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 16.4956

IDCW Yearly: ₹ 11.1854

IDCW: ₹ 10.6630


Investment Strategy

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

Investment Details

Min. Investment (₹) 5,000
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: 02-Feb-2015
Return Since Launch: 6.87%
Benchmark: NIFTY Medium Duration Debt Index B-III
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 688 Cr (As on 31-Jul-2022)
Expense Ratio: 1.45% (As on 31-Jul-2022)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW25-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-20220.0500
 27-Dec-20210.0500
 25-Nov-20210.0500
 25-Oct-20210.0500
 27-Sep-20210.0600
 25-Aug-20210.0600
 26-Jul-20210.0600
 25-Jun-20210.0600
 25-May-20210.0600
 26-Apr-20210.0600
 25-Mar-20210.0600
 25-Feb-20210.0600
 25-Jan-20210.0700
 28-Dec-20200.0700
 25-Nov-20200.0700
 26-Oct-20200.0700
 25-Sep-20200.0600
 25-Aug-20200.0500
 27-Jul-20200.0600
IDCW Yearly17-Mar-20220.7000

 22-Mar-20210.7700
 20-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

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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