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4 star

L&T Flexi Bond Fund


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for investment horizon of up to three years) in their longer-term portfolios.

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 9.78 -0.02 0.29 1.87 1.52 5.32 10.62 8.36 8.50 9.12 8.90
VR Bond 6.47 0.01 0.31 0.86 0.64 3.02 7.45 6.94 7.13 7.77 7.59
Debt: Dynamic Bond 8.54 -0.01 0.42 1.62 1.40 4.96 9.43 7.04 7.65 8.41 8.65
Rank within category 9 9 19 11 11 12 9 7 9 7 6
Number of funds in category 27 28 28 28 28 28 27 23 22 21 15

As on 27-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Flexi Bond Fund  | Invest Online
4 star
Aug-06 10.62 8.36 8.50 1.62 59
ICICI Prudential All Seasons Bond Fund  | Invest Now
4 star
May-09 12.70 8.77 9.51 1.52 4,529
IDFC Dynamic Bond Fund - Regular Plan
4 star
Dec-08 12.87 9.34 9.10 1.72 2,686
SBI Dynamic Bond Fund
4 star
Feb-04 11.73 8.87 9.22 1.64 2,231
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
5 star
May-08 11.80 9.52 9.65 1.15 1,726

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.86 (19-Aug-2013 - 26-Aug-2013) -2.34 (12-Aug-2013 - 19-Aug-2013)
Month 5.05 (25-Oct-2016 - 24-Nov-2016) -3.02 (19-Jul-2013 - 19-Aug-2013)
Quarter 7.38 (22-Oct-2014 - 23-Jan-2015) -5.76 (20-May-2013 - 19-Aug-2013)
Year 17.85 (24-Nov-2015 - 24-Nov-2016) 0.84 (24-Nov-2016 - 24-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.57 3.12 0.80 1.37 1.37 0.53
VR Bond 6.51 2.09 0.69 1.28 -- --
Debt: Dynamic Bond 6.33 3.22 0.48 0.98 1.14 -0.39
Rank within category 8 11 6 11 20 11
Number of funds in category 26 26 26 26 26 26

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 6 10 6 19
Modified Duration (yrs) 5.29 5.90 3.54 4.21
Average Maturity (yrs) 6.88 8.28 4.53 5.62
Yield to Maturity (%) 6.08 6.87 6.05 5.99
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 27.78 27.61
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 27.40 27.40
equal 7.27% GOI 2026 GOI Securities SOV 17.38 - 20.03 18.92
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 26.16 13.48
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 19.57 9.25
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.88 - 0.99 0.94

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 30-May-2016

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 30-May-2016

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:


-0.02%

Change from previous, NAV as on 27-Oct-2020

Growth: ₹ 23.4164

Dividend Yearly: ₹ 11.6999

Dividend Monthly: ₹ 11.5086


Investment Strategy

The scheme aims to generate reasonable returns through a diversified portfolio of fixed income securities. The average maturity profile of the portfolio of the scheme is likely to be up to 4 years and it may, subject to applicable regulations, invest in offshore securities up to 25% of its assets.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0.5% for redemption within 365 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 30-Aug-2006
Return Since Launch: 8.80%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 59 Cr (As on 30-Sep-2020)
Expense: 1.62% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-Oct-20200.0700

 25-Sep-20200.0700
 25-Aug-20200.0500
 27-Jul-20200.0700
 25-Jun-20200.0300
 26-May-20200.0700
 27-Apr-20200.0700
 26-Mar-20200.0504
 25-Feb-20200.0504
 27-Jan-20200.0504
 26-Dec-20190.0504
 25-Nov-20190.0504
 25-Oct-20190.0504
 25-Sep-20190.0504
 26-Aug-20190.0504
 25-Jul-20190.0432
 25-Jun-20190.0432
 27-May-20190.0432
 25-Apr-20190.0432
 25-Mar-20190.0432
 25-Feb-20190.0432
 25-Jan-20190.0432
 26-Dec-20180.0432
 26-Nov-20180.0432
 25-Oct-20180.0432
Dividend Yearly20-Mar-20200.5042

 22-Mar-20190.5042
 23-Mar-20180.5056
 23-Mar-20170.1806

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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