This is a guest login. You can create a regular account or login to an existing one.

VR Logo

L&T Triple Ace Bond Fund


1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

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 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.91 -0.03 0.81 11.89 5.83 6.93 7.24
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 7.16
Debt: Corporate Bond 5.06 0.23 1.52 5.77 5.04 6.51 6.85
Rank within category 1 20 20 1 10 9 5
Number of funds in category 19 21 21 19 15 14 7

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 9.02 (14-Aug-2008 - 15-Sep-2008) -7.17 (10-Jun-2008 - 10-Jul-2008)
Quarter 14.23 (21-Aug-2008 - 20-Nov-2008) -8.42 (15-May-2008 - 14-Aug-2008)
Year 17.61 (29-Nov-2000 - 29-Nov-2001) -9.65 (22-Aug-2007 - 21-Aug-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.65 4.40 -0.03 -0.04 1.69 0.09
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Corporate Bond 5.01 4.11 0.33 0.65 0.48 -0.70
Rank within category 10 12 10 10 15 10
Number of funds in category 15 15 15 15 15 15

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 47 47 26 63
Modified Duration (yrs) 5.73 5.94 5.08 2.34
Average Maturity (yrs) 8.48 8.99 7.72 3.14
Yield to Maturity (%) 7.51 8.71 7.51 7.07

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up HDFC Bank 28/12/2028 Debenture AAA 2.45 - 9.89 9.89
up 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 6.94 6.94
up 8.55% HDFC 27/03/2029 Debenture AAA 0.00 - 6.53 6.17
equal 7.56% Export-Import Bank 18/05/2027 Bonds AAA 3.70 - 7.78 5.21
equal 8.37% HUDCO 25/03/2029 Debenture AAA 0.00 - 5.89 5.09
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 0.00 - 6.14 4.45
equal 8.30% NTPC 15/01/2029 Debenture AAA 0.00 - 5.16 4.09
equal 8.24% National Bank Agr. Rur. Devp 22/03/2029 Debenture AAA 0.00 - 3.18 2.75
up 8.35% IRFC 13/03/2029 Debenture AAA 0.00 - 2.71 2.71
equal 8.30% IRFC 25/03/2029 Debenture AAA 0.00 - 3.71 2.68
new 8.54% REC 15/11/2028 Debenture AAA 0.00 - 2.62 2.62
equal 8.37% Nat. Highways Authority 21/01/2029 Debenture AAA 0.00 - 8.00 2.57
equal 7.39% Air India Assets Holdings 22/10/2029 Debenture AAA 0.00 - 2.85 2.45
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 0.00 - 3.05 2.44
equal 8.95% Food Corporation of India 2029 Debenture AAA 0.00 - 5.92 2.42
equal 8.95% Reliance Industries 2028 Debenture AAA 1.01 - 3.25 2.35
up 8.41% HUDCO 15/03/2029 Debenture AAA 0.00 - 2.30 2.30
up 8.15% National Bank Agr. Rur. Devp 28/03/2029 Non Convertible Debenture AAA 0.00 - 2.49 2.14
equal 8.65% Reliance Industries 2028 Non Convertible Debenture AAA 0.00 - 3.46 2.05
up 8.42% National Bank Agr. Rur. Devp 13/02/2029 Debenture AAA 0.00 - 2.04 1.57
equal 8.20% National Bank Agr. Rur. Devp 16/03/2028 Debenture AAA 1.54 - 7.00 1.54
equal HDFC 29/11/2028 Debenture AAA 1.32 - 3.49 1.32
equal 8.60% HUDCO 2028 Debenture AAA 1.32 - 5.98 1.32
equal 9.05% HDFC 16/10/2028 Debenture AAA 1.32 - 5.96 1.32
equal 9.05% Reliance Industries 17/10/2028 Debenture AAA 1.31 - 5.99 1.31

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-Nov-2019

Fund Manager

— Jalpan Shah since 03-Apr-2017

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-Jun-2014

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:


-0.08%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 50.1319

Dividend Yearly: ₹ 11.6058

More

Dividend Quarterly: ₹ 11.3150

Dividend Half Yearly: ₹ 16.1776

Bonus: ₹ 19.0429


Investment Strategy

The scheme seeks to generate regular return by investing predominantly in AA+ and above rated debt and money market instruments.

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 90 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 31-Mar-1997
Benchmark: CRISIL Corporate Bond Fund
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 2,047 Cr (As on 30-Nov-2019)
Expense: 0.62% (As on 30-Nov-2019)
Risk Grade: Above Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly24-Sep-20190.2881

 22-Mar-20190.2881
 27-Sep-20180.2881
 23-Mar-20180.2889
 20-Sep-20170.4334
 23-Mar-20170.3611
 28-Sep-20160.3611
 23-Mar-20160.2889
 29-Sep-20150.2889
 26-Mar-20150.2903
 17-Dec-20070.8759
 27-Sep-20070.4380
 27-Sep-20040.0708
 29-Mar-20042.7500
 29-Sep-20037.5000
Dividend Quarterly24-Sep-20190.1441

 24-Jun-20190.1441
 22-Mar-20190.1441
 27-Dec-20180.1441
 27-Sep-20180.1441
 22-Jun-20180.1441
 23-Mar-20180.1445
 22-Dec-20170.1445
 20-Sep-20170.1445
 21-Jun-20170.2167
 23-Mar-20170.2167
 28-Dec-20160.2167
 28-Sep-20160.1806
 29-Jun-20160.1806
 23-Mar-20160.2167
 30-Dec-20150.2167
 29-Sep-20150.2383
 29-Jun-20150.1733
 26-Mar-20150.1742
 29-Dec-20140.1742
 24-Sep-20140.1870
 24-Jun-20140.2338
 24-Mar-20140.1559
 24-Dec-20130.0935
 25-Sep-20130.0935
Dividend Yearly22-Mar-20190.3962

 23-Mar-20180.5056
 23-Mar-20170.2167
 23-Mar-20160.0361

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM