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3 star

L&T Flexi Bond Fund download report


Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 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
L&T Flexi Bond-G 0.19 0.01 0.07 0.42 0.16 0.19 1.79 5.35 5.62 6.97 7.72
VR Bond -0.24 -0.02 0.03 0.26 -0.67 -0.24 1.96 4.16 5.06 6.01 6.68
Debt: Dynamic Bond -0.10 0.07 0.17 0.33 -0.49 -0.10 2.26 5.64 5.33 6.74 7.43
Rank within category 11 26 26 7 5 11 15 14 11 9 8
Number of funds in category 27 27 27 27 27 27 26 24 22 21 19

As on 01-Jul-2022

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
3 star
Aug-06 1.79 5.35 5.62 1.62% 54
ICICI Prudential All Seasons Bond Fund  | Invest Now
5 star
May-09 2.33 7.02 6.52 1.38% 5,802
SBI Dynamic Bond Fund
4 star
Feb-04 2.07 6.05 5.94 1.65% 2,304
Kotak Dynamic Bond Fund - Regular Plan  | Invest Online
4 star
May-08 1.56 6.09 6.74 1.20% 2,139
IIFL Dynamic Bond Fund - Regular Plan
5 star
Jun-13 3.72 6.07 5.91 0.52% 623

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 0.54 05-Jan-2021 - 05-Jan-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Flexi Bond-G 5.25 2.85 0.62 0.79 1.25 1.00
VR Bond 4.10 1.97 0.31 0.45 -- --
Debt: Dynamic Bond 5.45 3.33 0.63 1.07 1.08 1.31
Rank within category 14 11 14 15 15 14
Number of funds in category 25 25 25 25 25 25

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

As on 30-Jun-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 7 3 6
Modified Duration (yrs) 0.34 3.84 0.34 --
Average Maturity (yrs) 0.44 5.00 0.44 --
Yield to Maturity (%) 4.40 5.58 3.91 --
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
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 41.74 8.88
new 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 8.79 8.79
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 12.95 4.74
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 24.52 1.90
equal 7.68% GOI 15/12/2023 GOI Securities SOV 0.84 - 0.97 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-Jun-2022

*As on 31-May-2022

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 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 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:


0.01%

Change from previous, NAV as on 01-Jul-2022

Growth: ₹ 23.9285

IDCW Yearly: ₹ 10.7301

IDCW Monthly: ₹ 10.6672


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

Min. Investment (₹) 10,000
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 0.5% for redemption within 365 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 30-Aug-2006
Return Since Launch: 7.70%
Benchmark: NIFTY Composite Debt Index A-III
Riskometer: Low
Type: Open-ended
Assets: ₹ 54 Cr (As on 30-Jun-2022)
Expense: 1.62% (As on 31-May-2022)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly27-Jun-20220.0400

 25-May-20220.0400
 25-Apr-20220.0400
 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-20210.0600
 28-Dec-20200.0600
 25-Nov-20200.0600
 26-Oct-20200.0700
 25-Sep-20200.0700
 25-Aug-20200.0500
 27-Jul-20200.0700
 25-Jun-20200.0300
IDCW Yearly17-Mar-20220.5000

 19-Mar-20210.7000
 20-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

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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