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L&T Banking and PSU Debt Fund download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 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
L&T Banking and PSU Debt-G 0.12 0.02 0.29 0.92 1.74 -0.48 1.06 5.53 6.05 6.77 --
CCIL T Bill Liquidity Weight 1.28 0.06 0.07 0.30 0.76 1.05 2.05 2.60 3.27 3.64 --
Debt: Banking and PSU 1.43 0.02 0.22 0.62 1.37 1.09 2.85 5.96 6.49 7.18 --
Rank within category 20 9 3 3 3 21 22 14 13 -- --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 4

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 Banking and PSU Debt Fund  | Invest Online
2 star
Sep-07 1.06 5.53 6.05 0.61 4,439
IDFC Banking & PSU Debt Fund - Regular Plan  | Invest Online
5 star
Mar-13 2.69 6.33 7.08 0.62 16,162
Axis Banking & PSU Debt Fund
5 star
Jun-12 3.16 6.02 7.02 0.62 14,171
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 3.07 6.25 6.71 0.69 10,061
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
Jan-10 3.53 6.07 6.24 0.80 8,487

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 -2.83 17-Mar-2022 - 16-Jun-2022
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
L&T Banking and PSU Debt-G 5.46 2.46 0.80 1.14 3.60 5.19
CCIL T Bill Liquidity Weight 2.60 0.34 -2.61 -4.87 -- --
Debt: Banking and PSU 5.87 2.25 1.11 2.23 2.14 4.29
Rank within category 14 14 16 16 17 5
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-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 43 48 41 64
Modified Duration (yrs) 2.88 3.20 1.34 1.67
Average Maturity (yrs) 3.42 3.79 1.47 2.27
Yield to Maturity (%) 7.05 7.25 4.41 6.60
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
equal 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 13.62 13.08
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 14.74 11.33
equal 5.59% SIDBI 21/02/2025 Debenture AAA 0.00 - 9.09 8.94
equal 5.70% National Bank Agr. Rur. Devp 22-D 31/07/2025 Debenture AAA 0.00 - 9.20 8.67
equal 6.50% Power Finance Corporation 17/09/2025 Non Convertible Debenture AAA 0.00 - 9.12 7.01
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.00 - 7.35 6.28
equal 5.81% REC 31/12/2025 Debenture AAA 0.00 - 5.09 3.91
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 1.19 - 3.72 3.68
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 3.04 2.82
equal 5.85% REC 20/12/2025 Non Convertible Debenture AAA 0.00 - 3.65 2.58
equal 5.59% Housing & Urban Development Corporation 2025 Debenture AAA 0.00 - 2.61 2.56
equal 7.65% Axis Bank 30/01/2027 Non Convertible Debenture AAA 0.00 - 3.05 2.35
equal 7.49% Indian Railway Finance Corporation 30/05/2027 Debenture AAA 0.00 - 3.23 2.32
equal 7.33% Indian Railway Finance Corporation 27/08/2027 Debenture AAA 0.00 - 3.21 2.31
equal 7.20% Export-Import Bank 2025 Fixed Deposits AAA 0.00 - 2.29 2.29
equal 6.14% Indian Oil Corporation 18/02/2027 Debenture AAA 0.00 - 2.26 2.23
equal 7.95% HDFC Bank 21/09/2026 Bonds/Debentures AAA 0.00 - 2.71 2.20
equal 6.88% REC 20/03/2025 Debenture AAA 0.00 - 1.75 1.73
equal 6.09% Power Finance Corporation 27/08/2026 Non Convertible Debenture AAA 0.00 - 1.74 1.72
equal 7.20% Power Grid Corporation 2027 Debenture AAA 0.00 - 1.47 1.45
equal 7.22% Export-Import Bank 2027 Debenture AAA 0.00 - 1.23 1.21
equal 7.30% Power Grid Corporation 19/06/2027 Debenture AAA 0.00 - 1.24 1.14
equal 9.50% Export-Import Bank 2023 Bonds AAA 0.91 - 1.27 0.99
equal 8.05% NTPC 2026 Bonds AAA 0.00 - 0.91 0.83
equal 7.83% Indian Railway Finance Corporation 21/03/2027 Bonds AAA 0.00 - 0.75 0.73

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 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:


0.02%

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

Growth: ₹ 20.0264

IDCW Weekly: ₹ 10.4233

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IDCW Monthly: ₹ 10.8832

IDCW Daily: ₹ 11.0203


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

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

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 20-Sep-2007
Return Since Launch: 7.25%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,439 Cr (As on 31-Jul-2022)
Expense Ratio: 0.61% (As on 31-Jul-2022)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly01-Aug-20220.0429

 25-Jul-20220.0158
 18-Jul-20220.0193
 11-Jul-20220.0189
 04-Jul-20220.0334
 27-Jun-20220.0237
 20-Jun-20220.0351
 13-Jun-20220.0135
 23-May-20220.0056
 17-May-20220.0154
 25-Apr-20220.0175
 04-Apr-20220.0084
 28-Mar-20220.0024
 21-Mar-20220.0191
 14-Mar-20220.0224
 21-Feb-20220.0131
 14-Feb-20220.0670
 08-Feb-20220.0034
 31-Jan-20220.0002
 24-Jan-20220.0073
 17-Jan-20220.0075
 10-Jan-20220.0065
 03-Jan-20220.0103
 27-Dec-20210.0074
 13-Dec-20210.0046
IDCW Monthly25-Jul-20220.0500

 27-Jun-20220.0500
 25-May-20220.0500
 25-Apr-20220.0500
 25-Mar-20220.0500
 25-Feb-20220.0500
 25-Jan-20220.0400
 27-Dec-20210.0400
 25-Nov-20210.0400
 25-Oct-20210.0400
 27-Sep-20210.0500
 25-Aug-20210.0500
 26-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
IDCW Daily31-Mar-20220.0082

 30-Mar-20220.0022
 25-Mar-20220.0001
 21-Mar-20220.0063
 17-Mar-20220.0023
 18-Feb-20220.0116
 14-Feb-20220.0114
 11-Feb-20220.0129
 10-Feb-20220.0238
 31-Jan-20220.0002
 25-Jan-20220.0050
 24-Jan-20220.0020
 21-Jan-20220.0009
 20-Jan-20220.0013
 14-Jan-20220.0014
 13-Jan-20220.0057
 12-Jan-20220.0030
 11-Jan-20220.0034
 10-Jan-20220.0019
 07-Jan-20220.0017
 03-Jan-20220.0041
 31-Dec-20210.0007
 14-Dec-20210.0004
 10-Dec-20210.0002
 08-Dec-20210.0068

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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