Overview (as on 22 Sep 2020)

NAV

₹11.0887

1y returns

9.437%

Fund AUM

₹3,544 Cr

Expense Ratio

0.61%

Min SIP

₹1,000

Min Lumpsum

₹10,000

Fund Performance

Calculator

Asset Allocation

Sector Allocation
Government
59.11%
Corporate
30.58%
Cash Equivalent
10.30%
Debt Credit Ratings
AAA
89.15%
AA
10.85%

Key Metrics

Modified Duration 

2.37 yr

Average Maturity 

2.79 yr

Yield to Maturity 

5.24%

Top 10 Holdings

  • Holding Name

    Type

    Holding Percentage

  • NTPC Limited

    CRISIL AAA

    Debt

    9.30%

  • Indian Oil Corporation Limited

    CRISIL AAA

    Debt

    8.18%

  • 7.32% Govt Stock 2024

    SOVEREIGN

    Debt

    7.76%

  • National Housing Bank

    CRISIL AAA

    Debt

    7.20%

  • Debt

    6.40%

Fund Details

Investment Objectives
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.There is no assurance that the investment objective of the scheme will be realized.
Scheme Name
L&T Banking & PSU Debt fund Daily Dividend Reinvestment Option
Scheme Document
Exit Load

After 0 Years : 0%

Plan Started
20 September, 2007
Fund Manager
Shriram Ramanathan
Fund House Details
Fund House
L&T Investment Management Ltd
Email
NA
Phone
NA
Address
L&T Investment Management Limited,6th Floor, Mafatlal Centre,,Nariman Point

Other Related Plans

Peer Funds

L&T Banking & PSU Debt fund Daily Dividend Rein...

NAV

₹11.0887

INDmoney Analysis

    error

    Fund is in Bottom 50 percent in its Category

    Return score is based upon:

    Benchmark out performance
    Consistency of returns
    Indicative yields
    warning

    Fund is in Top 50 percent in its Category

    Risk score is based upon:

    Market sensitivity
    Credit risk
    Underlying maturity
    success

    Fund has high quality bonds and commercial papers

    Credit Quality is based upon:

    Long term credit rating
    Credit rating outlook
    Probability of default

    Based on credit rating and modified duration of underlying instruments

Fund Managers

Shriram Ramanathan
Shriram Ramanathan

Manager

Qualifications
CFA (CFA Institute), PGDBM ((XLRI, Jamshedpur) Bachelor’s Degree in Electrical Engineering (Sardar Patel College of Engineering, Mumbai)
Work Experience
Head Investment - Fixed Income (from July 6, 2012) FIL Fund Management Private Limited (Portfolio Manager - Fixed Income) December 2009 to June 2012 ING Investment Management Asia Pacific Hong Kong (Senior Investment Manager , Global Emerging Market Debt (Asia) 2005 , 2009 ING Investment Management (India) Private Limited (Portfolio Manager, Fixed Income (India) 2003-2005 Zurich (India) Asset Management Company 2001 , 2003 ICICI Bank Limited Treasury 2000 ,€“ 2001 Larsen & Toubro Limited- Design Department, Switchgear Group 1997
Jalpan Shah
Jalpan Shah

Manager

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