VR Logo

3 star

L&T Banking and PSU Debt Fund


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 7.50 0.00 0.00 0.47 4.07 5.56 10.98 8.18 8.37 8.47 --
CCIL T Bill Liquidity Weight 2.23 0.03 0.05 0.20 0.67 1.81 3.70 4.08 4.26 4.78 --
Debt: Banking and PSU 7.20 -0.05 -0.08 0.55 3.75 5.40 10.26 8.31 8.53 8.76 --
Rank within category 9 2 3 12 7 10 5 13 -- -- --
Number of funds in category 19 20 20 19 19 19 18 16 14 7 3

As on 07-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Banking and PSU Debt Fund  | Invest Online
3 star
Sep-07 10.98 8.18 8.37 0.61 3,806
IDFC Banking & PSU Debt Fund - Regular Plan
4 star
Mar-13 11.57 9.29 8.64 0.65 16,967
Axis Banking & PSU Debt Fund  | Invest Online
5 star
Jun-12 10.40 9.14 8.73 0.62 16,437
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 10.92 8.74 8.87 0.75 7,830
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
May-15 11.15 8.64 8.88 0.80 5,211

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.81 (24-Mar-2020 - 31-Mar-2020) -2.55 (12-Mar-2020 - 19-Mar-2020)
Month 4.63 (24-Mar-2020 - 23-Apr-2020) -3.44 (20-Feb-2020 - 23-Mar-2020)
Quarter 7.81 (24-Mar-2020 - 24-Jun-2020) -1.39 (24-Dec-2019 - 24-Mar-2020)
Year 12.46 (02-Jul-2019 - 01-Jul-2020) -24.51 (14-Sep-2011 - 13-Sep-2012)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.02 2.04 1.38 2.86 1.22 4.25
CCIL T Bill Liquidity Weight 4.03 0.29 -4.08 -7.51 -- --
Debt: Banking and PSU 8.20 2.28 1.42 3.06 1.72 5.02
Rank within category 14 7 12 10 7 14
Number of funds in category 17 17 17 17 17 17

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

As on 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 51 52 29 80
Modified Duration (yrs) 2.46 2.74 2.34 --
Average Maturity (yrs) 3.01 3.45 2.76 --
Yield to Maturity (%) 5.37 7.50 5.37 --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 8.54 8.47
equal 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 7.36 7.36
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 0.00 - 6.55 6.55
equal 8.25% IRFC 28/02/2024 Debenture AAA 3.16 - 7.19 5.63
down 8.50% National Bank Agr. Rur. Devp Debenture AAA 5.29 - 10.47 5.29
down State Bank of India 2056 Debenture AA+ 4.47 - 7.03 5.23
equal Export-Import Bank 19/05/2023 Certificate of Deposit AAA 0.00 - 4.91 4.91
down 9.05% HDFC 20/11/2023 Debenture AAA 4.26 - 9.47 4.26
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 3.77 - 7.99 4.03
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 5.02 3.44
equal 6.50% National Bank Agr. Rur. Devp 17/04/2023 Debenture AAA 0.00 - 3.40 3.40
equal 7.20% Reliance Industries 17/04/2023 Non Convertible Debenture AAA 0.00 - 2.74 2.74
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.00 - 3.41 2.64
equal 6.59% IRFC 14/04/2023 Debenture AAA 0.00 - 3.86 2.60
equal 8.70% Power Grid Corporation 15/07/2023 Bonds AAA 1.89 - 7.28 2.02
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 2.01 2.01
equal 6.95% HDFC 27/04/2023 Debenture AAA 0.00 - 1.76 1.76
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.00 - 3.37 1.65
equal 6.80% SIDBI 29/09/2022 Debenture AAA 0.00 - 2.41 1.65
equal HPCL 14/08/2024 Debenture AAA 0.00 - 3.88 1.40
equal 6.99% SIDBI 2022 Bonds/NCDs AAA 0.00 - 1.76 1.38
equal 6.99% HUDCO 2022 Debenture AAA 0.00 - 2.01 1.37
equal 6.27% SIDBI 27/02/2023 Debenture AAA 0.00 - 1.73 1.35
equal 8.02% BPCL 2024 Debenture AAA 0.00 - 3.33 1.35
equal 5.95% HUDCO 2023 Debenture AAA 0.00 - 1.34 1.34

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-2020

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, 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 03-Apr-2017

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:


0.00%

Change from previous, NAV as on 07-Aug-2020

Growth: ₹ 18.9041

Dividend Weekly: ₹ 10.9126

More

Dividend Monthly: ₹ 11.3903

Dividend Daily: ₹ 11.1057


Investment Strategy

The scheme aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.

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

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 20-Sep-2007
Return Since Launch: 8.39%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,806 Cr (As on 30-Jun-2020)
Expense: 0.61% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily05-Aug-20200.0030

 04-Aug-20200.0042
 03-Aug-20200.0029
 31-Jul-20200.0006
 20-Jul-20200.0068
 17-Jul-20200.0022
 16-Jul-20200.0015
 15-Jul-20200.0070
 10-Jul-20200.0019
 09-Jul-20200.0034
 08-Jul-20200.0100
 07-Jul-20200.0112
 06-Jul-20200.0123
 03-Jul-20200.0079
 02-Jul-20200.0123
 01-Jul-20200.0061
 30-Jun-20200.0080
 29-Jun-20200.0015
 26-Jun-20200.0052
 25-Jun-20200.0019
 24-Jun-20200.0019
 23-Jun-20200.0018
 22-Jun-20200.0057
 19-Jun-20200.0019
 18-Jun-20200.0018
Dividend Weekly03-Aug-20200.0277

 20-Jul-20200.0128
 13-Jul-20200.0282
 06-Jul-20200.0381
 29-Jun-20200.0235
 22-Jun-20200.0145
 15-Jun-20200.0309
 08-Jun-20200.0128
 26-May-20200.0210
 18-May-20200.0160
 11-May-20200.0156
 04-May-20200.0261
 20-Apr-20200.0320
 13-Apr-20200.0047
 30-Mar-20200.0507
 24-Feb-20200.0035
 17-Feb-20200.0101
 10-Feb-20200.0101
 03-Feb-20200.0102
 27-Jan-20200.0131
 20-Jan-20200.0128
 13-Jan-20200.0077
 06-Jan-20200.0170
 30-Dec-20190.0073
 23-Dec-20190.0239
Dividend Monthly27-Jul-20200.0500

 25-Jun-20200.0500
 26-May-20200.0500
 27-Apr-20200.0500
 26-Mar-20200.0360
 25-Feb-20200.0360
 27-Jan-20200.0360
 26-Dec-20190.0360
 25-Nov-20190.0360
 25-Oct-20190.0360
 25-Sep-20190.0360
 26-Aug-20190.0360
 25-Jul-20190.0360
 25-Jun-20190.0360
 27-May-20190.0360
 25-Apr-20190.0360
 25-Mar-20190.0360
 25-Feb-20190.0360
 25-Jan-20190.0360
 26-Dec-20180.0360
 26-Nov-20180.0288
 25-Oct-20180.0288
 25-Sep-20180.0288
 27-Aug-20180.0360
 25-Jul-20180.0360

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

Upcoming Video

Investors' Hangout

Attaining financial independence

dateFriday, 14-Aug-2020
time12:30 PM - 01:00 PM