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3 star

L&T Banking and PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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.

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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 1.85 0.01 0.15 0.74 1.23 2.19 4.79 8.26 7.64 7.85 --
CCIL T Bill Liquidity Weight 1.16 0.01 0.05 0.24 0.55 1.07 2.15 3.48 3.73 4.17 --
Debt: Banking and PSU 1.83 0.01 0.10 0.54 1.16 1.98 4.40 8.38 7.62 8.01 --
Rank within category 12 10 4 1 10 7 5 12 -- -- --
Number of funds in category 20 21 21 21 21 20 18 16 13 12 2

As on 29-Jul-2021

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 4.79 8.26 7.64 0.61 4,679
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 4.93 9.47 7.97 0.62 18,309
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 4.94 8.81 7.91 0.68 16,857
Axis Banking & PSU Debt Fund
4 star
Jun-12 4.73 8.72 8.02 0.62 16,496
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 4.78 8.96 8.04 0.77 9,290

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 7.91 2.14 1.73 3.31 1.84 5.08
CCIL T Bill Liquidity Weight 3.46 0.39 -1.92 -4.74 -- --
Debt: Banking and PSU 8.19 2.44 1.77 3.30 2.18 5.61
Rank within category 13 5 13 12 5 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 30-Jun-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 46 50 43 85
Modified Duration (yrs) 1.86 2.45 1.86 2.29
Average Maturity (yrs) 2.10 2.94 2.10 2.97
Yield to Maturity (%) 4.85 5.34 4.64 5.00
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 7.32% GOI 28/01/2024 GOI Securities SOV 6.84 - 15.86 9.31
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 14.38 8.88
equal 6.55% NTPC 17/04/2023 Debenture AAA 5.49 - 9.30 6.93
equal 6.44% Indian Oil Corporation 14/04/2023 Debenture AAA 4.84 - 8.18 6.10
equal 5.04% Indian Railway Finance Corporation 2023 Debenture AAA 0.00 - 5.59 5.59
equal 6.55% National Housing Bank 17/04/2023 Debenture AAA 4.24 - 7.20 5.35
down 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 5.66 5.23
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 3.50 - 5.94 4.35
equal Export-Import Bank 19/05/2023 Certificate of Deposit AAA 3.14 - 5.32 4.21
equal 4.79% Hindustan Petroleum Corporation 23/10/2023 Debenture AAA 0.00 - 4.06 4.06
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 0.00 - 3.94 3.94
equal 9.05% HDFC 20/11/2023 Debenture AAA 2.67 - 4.88 3.59
equal 6.80% Hindustan Petroleum Corporation 15/12/2022 Debenture AAA 2.27 - 3.86 2.85
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 2.20 - 6.40 2.30
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 0.00 - 2.26 2.26
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 1.73 - 2.93 2.15
equal 6.95% HDFC 27/04/2023 Debenture AAA 1.57 - 2.16 2.12
equal 8.70% Power Grid Corporation 15/07/2023 Bonds AAA 1.29 - 2.18 1.72
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.30 - 2.20 1.64
equal 7.20% HDFC 13/04/2023 Non Convertible Debenture AAA 0.00 - 1.49 1.46
equal 6.99% Housing & Urban Development Corporation 2022 Debenture AAA 0.86 - 1.55 1.15
equal 6.27% SIDBI 27/02/2023 Debenture AAA 0.89 - 1.50 1.12
equal 6.59% Indian Railway Finance Corporation 14/04/2023 Debenture AAA 0.77 - 2.81 1.04
equal 9.50% Export-Import Bank 2023 Bonds AAA 0.80 - 1.36 0.99
equal 7.11% Nat. Highways Authority 2022 Non Convertible Debenture AAA 0.43 - 0.78 0.58

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-2021

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 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 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:


0.01%

Change from previous, NAV as on 29-Jul-2021

Growth: ₹ 19.7713

IDCW Weekly: ₹ 10.8264

More

IDCW Monthly: ₹ 11.2997

IDCW Daily: ₹ 11.1160


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 20-Sep-2007
Return Since Launch: 7.98%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 4,679 Cr (As on 30-Jun-2021)
Expense: 0.61% (As on 30-Jun-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily28-Jul-20210.0032

 27-Jul-20210.0037
 26-Jul-20210.0057
 20-Jul-20210.0058
 19-Jul-20210.0002
 16-Jul-20210.0086
 15-Jul-20210.0080
 14-Jul-20210.0012
 13-Jul-20210.0020
 14-Jun-20210.0014
 11-Jun-20210.0026
 10-Jun-20210.0074
 09-Jun-20210.0053
 08-Jun-20210.0062
 07-Jun-20210.0094
 04-Jun-20210.0062
 25-May-20210.0048
 24-May-20210.0048
 21-May-20210.0036
 20-May-20210.0020
 19-May-20210.0018
 18-May-20210.0079
 17-May-20210.0024
 11-May-20210.0008
 10-May-20210.0043
IDCW Monthly26-Jul-20210.0500

 25-Jun-20210.0500
 25-May-20210.0500
 26-Apr-20210.0500
 25-Mar-20210.0500
 25-Feb-20210.0500
 25-Jan-20210.0500
 28-Dec-20200.0500
 25-Nov-20200.0500
 26-Oct-20200.0500
 25-Sep-20200.0500
 25-Aug-20200.0500
 27-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
IDCW Weekly26-Jul-20210.0056

 19-Jul-20210.0175
 12-Jul-20210.0291
 05-Jul-20210.0085
 14-Jun-20210.0164
 07-Jun-20210.0195
 24-May-20210.0119
 17-May-20210.0023
 10-May-20210.0143
 03-May-20210.0168
 26-Apr-20210.0274
 19-Apr-20210.0005
 06-Apr-20210.0183
 30-Mar-20210.0158
 22-Mar-20210.0299
 08-Mar-20210.0112
 01-Mar-20210.0084
 15-Feb-20210.0276
 08-Feb-20210.0000
 25-Jan-20210.0048
 04-Jan-20210.0202
 28-Dec-20200.0113
 21-Dec-20200.0019
 07-Dec-20200.0153
 01-Dec-20200.0098

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

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