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L&T Flexi Bond Fund


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 0.68 0.06 0.32 0.72 1.56 3.04 10.34 6.09 7.72 8.40 --
Debt: Dynamic Bond 0.32 0.07 0.33 0.46 1.19 2.37 7.84 5.21 6.75 7.69 --
Rank within category 7 15 17 10 12 12 13 10 6 4 --
Number of funds in category 29 29 29 29 29 29 29 24 23 22 15

As on 24-Jan-2020

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 5.99 3.10 0.09 0.14 1.34 -0.25
Debt: Dynamic Bond 5.41 3.18 0.11 0.27 1.11 -0.74
Rank within category 13 11 13 13 16 13
Number of funds in category 27 27 27 27 27 27

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

As on 31-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 13 7 21
Modified Duration (yrs) 3.72 4.89 1.80 3.38
Average Maturity (yrs) 4.77 6.68 2.26 4.57
Yield to Maturity (%) 6.87 8.28 6.69 7.13

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 43.83 43.83
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 27.07 17.57
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 7.81 7.46
equal 8.80% Export-Import Bank 15/03/2023 Bonds AAA 7.14 - 9.57 7.22
equal 8.56% Nuclear Power Corpn. 15/03/2023 Debenture AAA 7.11 - 9.51 7.20
equal State Bank of India 2056 Debenture AA+ 6.96 - 7.47 7.07
equal 8.42% National Bank Agr. Rur. Devp 13/02/2029 Debenture AAA 0.00 - 4.53 4.53
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.88 - 0.95 0.89

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-Dec-2019

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:


0.06%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 21.4760

Dividend Yearly: ₹ 11.4246

Dividend Monthly: ₹ 11.1662


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: 24-Aug-2006
Return Since Launch: 8.54%
Benchmark: CRISIL Dynamic Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 59 Cr (As on 31-Dec-2019)
Expense: 1.62% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly26-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
 25-Sep-20180.0432
 27-Aug-20180.0432
 25-Jul-20180.0432
 25-Jun-20180.0432
 25-May-20180.0432
 25-Apr-20180.0432
 26-Mar-20180.0433
 26-Feb-20180.0433
 25-Jan-20180.0433
 26-Dec-20170.0433
Dividend Yearly22-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: 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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