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Unrated

L&T FMP Series XVII Plan B (1452 Days) - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.05 Lakh

Suitability:

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:

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 3.46 0.01 0.13 0.24 1.02 2.25 4.91 9.34 -- -- --
CCIL T Bill Liquidity Weight 1.64 0.03 0.06 0.17 0.57 1.12 2.12 3.34 -- -- --
Debt: FMP 3.84 0.01 0.13 0.26 1.19 2.51 5.28 8.87 -- -- --
Rank within category 107 83 118 196 251 200 94 17 -- -- --
Number of funds in category 282 299 299 296 289 284 282 58 3 3 0

As on 14-Oct-2021

Peer Comparison

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) - Direct Plan
Unrated
Jun-18 4.91 9.34 -- 0.29 292
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 4.68 -- -- -- 1,353
HDFC Fixed Maturity Plan - 1487 Days - August 2018 (1) - Direct Plan
Unrated
Sep-18 9.99 10.23 -- 0.25 793
Kotak FMP Series 239 - 1330 Days - Direct Plan
Unrated
Aug-18 8.31 9.65 -- -- 783
SBI Fixed Maturity Plan - Series 41 (1498 Days) - Direct Plan
Unrated
Mar-21 -- -- -- 0.15 756

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.85 24-Mar-2020 - 31-Mar-2020 -2.13 12-Mar-2020 - 19-Mar-2020
Month 3.37 24-Mar-2020 - 23-Apr-2020 -2.40 20-Feb-2020 - 24-Mar-2020
Quarter 6.31 24-Mar-2020 - 23-Jun-2020 -0.45 24-Dec-2019 - 24-Mar-2020
Year 12.91 31-Oct-2018 - 31-Oct-2019 4.91 14-Oct-2020 - 14-Oct-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.06 1.85 2.76 7.89 2.11 6.40
CCIL T Bill Liquidity Weight 3.34 0.40 -1.54 -3.94 -- --
Debt: FMP 8.47 1.91 2.75 6.51 1.56 5.47
Rank within category 18 43 40 20 23 23
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

Portfolio Aggregates

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 -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bajaj Housing Finance 2022 Debenture AAA 10.38 - 10.45 10.45
equal 8.95% L&T Finance 2022 Non Convertible Debenture AAA 10.05 - 10.26 10.26
equal 8.95% L&T Housing Finance 2022 Debenture AAA 9.96 - 10.26 10.26
equal Sundaram Finance 2022 Debenture AAA 9.93 - 9.99 9.99
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 8.96 - 9.62 8.96
equal 7.28% Power Finance Corporation 2022 Bonds AAA 8.93 - 9.58 8.94
equal 7.35% Bharat Petroleum Corporation 2022 Bonds AAA 8.39 - 8.99 8.39
equal 9.05% Export-Import Bank 22/02/2022 Bonds AAA 7.37 - 8.06 7.37
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 7.36 - 8.00 7.36
equal 7.93% Power Grid Corporation 20/05/2022 Bonds AAA 7.22 - 7.81 7.22
equal 9.95% Indian Railway Finance Corporation 2022 Bonds AAA 3.72 - 3.91 3.72
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 2.75 2.74
equal 8.13% Power Grid Corporation 25/04/2022 Bonds AAA 1.81 - 1.96 1.81

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-2021

Fund Manager

— Jalpan Shah since 20-Jun-2018

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 21-Mar-2020

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 14-Oct-2021

Growth: ₹ 13.2026

IDCW: ₹ 13.2027


Investment Strategy

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.

Investment Details

Tenure (Days) 1452
Maturity date 13-Jun-2022

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 28-Jun-2018
Return Since Launch: 8.79%
Benchmark: CRISIL Composite Bond Index
Riskometer: Low to Moderate
Type: Closed-end

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

Last Session

Investors' Hangout

Webinar: All about MF Central

DateThursday, 14-Oct-2021
Time12:30 PM - 01:00 PM

Registration Over