L&T LOW DURATION FUND

Data as on April 30, 2022

 
 
 

L&T LOW DURATION FUND

Data as on April 30, 2022

 
 

To generate reasonable returns primarily through investments in fixed income securities and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.




Date of Inception
Regular Plan December 04, 2010
Direct Plan January 01, 2013
Fund Manager
Mr. Shriram Ramanathan (w.e.f Nov 24, 2012)
& Mr. Jalpan Shah (w.e.f March 21, 2020)
Benchmark
NIFTY Low Duration Debt Index B-I
Month end AUM
877.86 (Rs In Crs)
Monthly Average AUM
882.73 (Rs In Crs)
Options
•Growth
•IDCW option (Reinvestment and Payout)
•Annual IDCW option (Reinvestment and Payout)

Name Of Instrument
Rating
% to Net
Assets

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper (Listed / Awaiting listing on Stock Exchanges) / Certificate of Deposit
➧ Axis Bank Limited CRISIL A1+ 8.36%
➧ HDFC Bank Limited ICRA A1+ 5.47%
Total 13.83%
GOVERNMENT BONDS
➧ 06.84% GOI 19-12-2022 SOVEREIGN 12.43%
➧ 07.16% GOI 20-05-2023 SOVEREIGN 10.20%
➧ 04.56% GOI 29-11-2023 SOVEREIGN 4.01%
Total 26.64%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 8.81%
➧ Indian Oil Corporation Limited CRISIL AAA 5.38%
➧ India Grid Trust CRISIL AAA 5.06%
➧ Rec Limited CRISIL AAA 4.20%
➧ Power Finance Corporation Limited CRISIL AAA 4.18%
Aditya Birla Fashion and Retail Limited CRISIL AA 3.55%
Small Industries Development Bank of India CARE AAA 2.99%
Reliance Industries Limited CRISIL AAA 2.98%
JM Financial Products Limited ICRA AA 2.96%
Muthoot Finance Limited CRISIL AA+ 2.94%
Housing Development Finance Corporation Limited CRISIL AAA 2.89%
Name Of Instrument
Rating
% to Net
Assets

Embassy Office Parks REIT CRISIL AAA 2.87%
ONGC Petro Additions Limited (Letter of comfort from Oil & Natural Gas Corporation Limited) ICRA AAA (CE) 1.78%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 1.16%
Tata Steel Limited CARE AA 1.16%
Bajaj Finance Limited CRISIL AAA 1.14%
NIIF Infrastructure Finance Limited ICRA AAA 0.97%
Total 55.02%
Securitised Debt
First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 3.62%
Total 3.62%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 6.26%
Net Receivable/Payable -5.37%
Net Assets 100.00%
Average Maturity 0.66 years
Modified Duration 0.62 years
Macaulay Duration 0.64 years
YTM 4.91%
➧ Indicates top ten instruments






Exit Load: Nil (w.e.f. July 9, 2020)
For details of the performance of the schemes, please refer to 'Scheme Performance Section'
+ Please refer to note on expense ratios in 'Fund Manager wise Scheme Details'

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