VR Logo

Change in fundamental attributes of L&T Low Duration Fund


Value Research Stock Advisor has just released a new stock recommendation. You can click here to learn more about this premium service, and get immediate access to the live recommendations, plus new ones as soon as they are issued.

L&T Mutual Fund has decided to modify the fundamental attributes of L&T Low Duration Fund with effective August 22, 2016. The changes are as follows:

Name of the Scheme: The Scheme will be renamed as L&T Banking and PSU Debt Fund.
Investment Objective: The Investment Objective will be revised to seek to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.
Benchmark Index: The Benchmark Index will be changed to CRISIL Short-Term Bond Fund Index.