1 LakhInvestment Grown to
Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.
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 an investment horizon of up to three years) in their longer-term portfolios.
Taxability of earnings:
|CCIL T Bill Liquidity Weight||1.62||-0.02||0.03||0.12||0.52||1.08||2.06||3.33||--||--||--|
|Rank within category||146||45||91||245||221||217||97||20||--||--||--|
|Number of funds in category||282||299||299||297||289||284||282||63||3||3||0|
As on 18-Oct-2021
|Fund name||Rating||Launch Date||1-Year Return||3-Year Return||5-Year Return||Expense Ratio||Assets (Cr)|
|L&T FMP Series XVII Plan B (1452 Days) - Regular Plan||Jun-18||4.59||9.01||--||0.55%||292|
|Kotak FMP Series 252 - 1261 Days - Regular Plan||Nov-18||4.31||--||--||0.09%||1,353|
|HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Regular Plan||Sep-18||9.90||9.76||--||0.27%||793|
|Kotak FMP Series 239 - 1330 Days - Regular Plan||Aug-18||8.15||9.54||--||0.12%||783|
|SBI Fixed Maturity Plan - Series 41 (1498 Days) - Regular Plan||Mar-21||--||--||--||0.35%||756|
|Best Performance||Worst Performance|
|Return (%)||Period||Return (%)||Period|
|Week||2.84||24-Mar-2020 - 31-Mar-2020||-2.13||12-Mar-2020 - 19-Mar-2020|
|Month||3.35||24-Mar-2020 - 23-Apr-2020||-2.42||20-Feb-2020 - 24-Mar-2020|
|Quarter||6.24||24-Mar-2020 - 23-Jun-2020||-0.52||24-Dec-2019 - 24-Mar-2020|
|Year||12.59||31-Oct-2018 - 31-Oct-2019||4.64||14-Oct-2020 - 14-Oct-2021|
|CCIL T Bill Liquidity Weight||3.34||0.40||-1.54||-3.94||--||--|
|Rank within category||19||43||41||19||24||24|
|Number of funds in category||57||57||57||57||57||57|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Sep-2021
|Fund||1Y High||1Y Low||Category|
|Number of Securities||13||13||--||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Avg Credit Rating||AAA||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Bajaj Housing Finance 2022||Debenture||AAA||10.38 - 10.45||10.45|
|8.95% L&T Housing Finance 2022||Debenture||AAA||9.96 - 10.26||10.26|
|8.95% L&T Finance 2022||Non Convertible Debenture||AAA||10.05 - 10.26||10.26|
|Sundaram Finance 2022||Debenture||AAA||9.93 - 9.99||9.99|
|7.27% Nat. Highways Authority 2022||Debenture||AAA||8.96 - 9.62||8.96|
|7.28% Power Finance Corporation 2022||Bonds||AAA||8.93 - 9.58||8.94|
|7.35% Bharat Petroleum Corporation 2022||Bonds||AAA||8.39 - 8.99||8.39|
|9.05% Export-Import Bank 22/02/2022||Bonds||AAA||7.37 - 8.06||7.37|
|8.60% National Bank Agr. Rur. Devp 31/01/2022||Debenture||AAA||7.36 - 8.00||7.36|
|7.93% Power Grid Corporation 20/05/2022||Bonds||AAA||7.22 - 7.81||7.22|
|9.95% Indian Railway Finance Corporation 2022||Bonds||AAA||3.72 - 3.91||3.72|
|Reserve Bank of India 364-D 11/03/2022||Treasury Bills||SOV||0.00 - 2.75||2.74|
|8.13% Power Grid Corporation 25/04/2022||Bonds||AAA||1.81 - 1.96||1.81|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Sep-2021
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.
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.
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The scheme aims to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme.
|Fund House:||L&T Mutual Fund|
|Return Since Launch:||8.47%|
|Benchmark:||CRISIL Composite Bond Index|
|Riskometer:||Low to Moderate|
AMC: L&T Investment Management Ltd
Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098
Phone: 022-66554000 / 1800-2000-400
Email: [email protected]
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
Email: [email protected]