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L&T Triple Ace Bond Fund download report

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Debt: Corporate Bond

Analysts' Choiceunlock it

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

"Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 Triple Ace Bond-G 0.13 0.08 0.45 1.06 2.02 0.23 2.60 6.23 6.94 7.14 7.28
VR Bond 0.79 -0.06 -0.01 0.79 1.19 0.77 2.80 3.94 5.11 6.00 6.67
Debt: Corporate Bond 1.07 0.03 0.23 0.63 1.39 0.71 2.43 5.90 6.26 6.97 7.41
Rank within category 20 1 1 1 1 18 11 8 2 7 6
Number of funds in category 22 22 22 22 22 22 21 19 14 12 9

As on 12-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Triple Ace Bond Fund  | Invest Online
2 star
 Mar-97 2.60 6.23 6.94 0.63 7,115
ICICI Prudential Corporate Bond Fund  | Invest Now
4 star
 Jun-09 3.56 6.46 6.74 0.58 15,042
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
 Mar-97 3.19 6.79 7.11 0.46 13,321
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
 Sep-07 3.11 6.00 6.77 0.66 8,667
Nippon India Corporate Bond Fund  | Invest Online
5 star
 Sep-00 3.58 6.25 6.54 0.63 1,915

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.72 08-Sep-2008 - 15-Sep-2008 -3.53 02-Feb-2017 - 09-Feb-2017
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
L&T Triple Ace Bond-G 5.96 3.69 0.67 0.97 1.73 1.80
VR Bond 3.88 1.88 0.21 0.29 -- --
Debt: Corporate Bond 5.79 2.15 1.12 2.12 0.78 2.00
Rank within category 10 19 17 18 19 14
Number of funds in category 19 19 19 19 19 19

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

As on 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 61 71 61 66
Modified Duration (yrs) 4.60 5.20 4.58 1.81
Average Maturity (yrs) 6.13 7.00 6.13 2.42
Yield to Maturity (%) 7.32 7.42 6.30 6.78
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.26% GOI 14/01/2029 GOI Securities SOV 6.59 - 8.84 7.98
equal 6.79% GOI 15/05/2027 GOI Securities SOV 6.86 - 9.53 7.47
equal 7.17% GOI 2028 GOI Securities SOV 5.36 - 9.68 6.49
equal 7.32% NTPC 17/07/2029 Non Convertible Debenture AAA 3.69 - 4.99 4.77
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 2.71 - 4.61 4.61
equal 7.41% Indian Oil Corporation 22/10/2029 Debenture AAA 3.68 - 4.56 4.56
equal 8.24% Power Grid Corporation 14/02/2029 Debenture AAA 3.68 - 4.24 4.13
equal 7.08% Indian Railway Finance Corporation 28/02/2030 Debenture AAA 3.16 - 4.03 3.98
equal HDFC Bank 28/12/2028 Debenture AAA 2.78 - 3.76 3.76
equal 7.43% National Bank Agr. Rur. Devp 31/01/2030 Debenture AAA 2.74 - 3.60 3.58
equal 6.67% ICICI Bank 26/11/2028 Debenture AAA 0.00 - 3.50 3.50
equal 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 2.42 - 3.34 3.34
equal 7.22% Export-Import Bank 2027 Debenture AAA 2.48 - 3.17 3.17
equal 8.41% Housing & Urban Development Corporation 15/03/2029 Debenture AAA 1.89 - 2.51 2.51
equal 8.30% NTPC 15/01/2029 Debenture AAA 1.81 - 2.45 2.45
equal 7.10% National Bank Agr. Rur. Devp 2030 Debenture AAA 1.67 - 2.20 2.20
equal 8.55% HDFC 27/03/2029 Debenture AAA 1.73 - 2.19 2.19
equal 8.30% REC 25/03/2029 Non Convertible Debenture AAA 1.25 - 1.66 1.66
equal 7.14% REC 2030 Debenture AAA 1.17 - 1.56 1.56
equal 8.37% Housing & Urban Development Corporation 25/03/2029 Debenture AAA 1.08 - 1.44 1.44
new 7.38% GOI 20/06/2027 GOI Securities SOV 0.00 - 1.44 1.44
equal 7.20% Power Grid Corporation 2027 Debenture AAA 0.98 - 1.33 1.21
equal 8.35% Indian Railway Finance Corporation 13/03/2029 Debenture AAA 0.70 - 1.14 1.14
equal 8.54% REC 15/11/2028 Debenture AAA 0.85 - 1.13 1.13
equal 6.87% National Bank Agr. Rur. Devp 2030 Bonds/NCDs AAA 0.00 - 1.05 1.05

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-Jul-2022

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 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-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:

Invest Online
0.08%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 59.4371

IDCW Yearly: ₹ 11.6788

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IDCW Quarterly: ₹ 11.1476

IDCW Half Yearly: ₹ 17.0606

Bonus: ₹ 22.5774

Investment Strategy

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

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 90 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 31-Mar-1997
Return Since Launch: 7.27%
Benchmark: NIFTY Corporate Bond Index B-III
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 7,115 Cr (As on 31-Jul-2022)
Expense Ratio: 0.63% (As on 31-Jul-2022)
Risk Grade: High
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly24-Jun-20220.1800

 17-Mar-20220.1800
 27-Dec-20210.1800
 24-Sep-20210.2000
 25-Jun-20210.2000
 19-Mar-20210.2000
 23-Dec-20200.2000
 24-Sep-20200.2000
 25-Jun-20200.2000
 20-Mar-20200.1441
 27-Dec-20190.1441
 24-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
IDCW Half Yearly17-Mar-20220.4000

 24-Sep-20210.4000
 19-Mar-20210.4000
 24-Sep-20200.4000
 20-Mar-20200.2881
 24-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
IDCW Yearly17-Mar-20220.7000

 19-Mar-20210.7000
 20-Mar-20200.3962
 22-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

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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