L&T Credit Risk Fund

Data as on August 30, 2019


L&T Credit Risk Fund
(Formerly known as L&T Income Opportunities Fund)ᵟ

Data as on August 30, 2019


Fund Details

NAV of Plans/Options
(as on August 30, 2019)

Rs
Dividend - Regular Plan
10.5558
Annual Dividend - Regular Plan
11.2727
Growth - Regular Plan
21.1967
Bonus - Regular Plan
20.8566
Dividend - Direct Plan
10.9149
Annual Dividend - Direct Plan
11.5720
Growth - Direct Plan
21.8927
Date of Inception :
Regular Plan October 08, 2009
Direct Plan January 01, 2013
Total Expense Ratio+ : 1.70% (Regular)
1.04% (Direct)
- Including Additional Expenses, B30 charges and GST on Management Fees
- Total Expense Ratio is as on the last business day of the month
Options • Growth
• Dividend
• Annual Dividend
Minimum Application size
(Initial)
Rs 10,000 per application and in multiples of Rs 1 thereafter.
Additional Investment Rs 1000 per application and in multiples of Rs 1 thereafter.
Minimum Redemption Size Rs Retail Option : Rs 500/- per application or 50 units Dividend/ Growth/ Bonus: Rs 500 per application or 50 units
Fund Manager Mr. Shriram Ramanathan and Mr. Vikas Garg (w.e.f. April 03, 2017)
Benchmark CRISIL Short Term Bond Fund Index
Monthly Average AUM (Rs In Crs) 2,591.92
Month end AUM(Rs In Crs) 2,510.58

Portfolio Allocation
Name Of Instrument
Rating/Industry
% to Net
Assets

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper/Certificate of Deposit
HDFC Bank Limited IND A1+ 3.77%
Total 3.77%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
National Bank for Agriculture & Rural Development CRISIL AAA 7.65%
Jhajjar Power Limited IND A + 6.36%
Green Infra Wind Energy Limited (subsidiary of Sembcorp Energy India Ltd) CRISIL AA(SO) 6.02%
Indofil Industries Limited CRISIL A+ 6.01%
Samasta Microfinance Limited (Subsidiary of India Infoline Group) CARE A 5.99%
Tata Power Renewable Energy Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA(SO) 4.88%
Renew Power Limited CARE A+ 4.72%
Bharat Aluminium Company Limited ICRA AA- 4.54%
Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE BBB(CE) 4.04%
Syndicate Bank CARE A+ 3.98%
Vizag General Cargo Berth Private Limited (Corporate guarantee of Vedanta Ltd) CRISIL AA(SO) 3.90%
Indostar Capital Finance Limited CARE AA- 3.73%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 2.66%
Business Broadcast News Holdings Limited (Corporate Guarantee - Reliance Capital Limited) CARE BBB(CE) 2.52%
IndusInd Bank Limited CRISIL AA 2.12%
Name Of Instrument
Rating/Industry
% to Net
Assets

Indian Railway Finance Corporation Limited CARE AAA 2.10%
Aadhar Housing Finance Limited CARE AA 1.95%
Indiabulls Housing Finance Limited CARE AAA 1.83%
IIFL Home Finance Limited ICRA AA 1.81%
Andhra Pradesh Expressway Limited (Nhai Annuity Receivables) ICRA AAA(SO) 1.67%
Hinduja Leyland Finance Limited ICRA AA- 1.19%
SP Jammu Udhampur Highway Limited (NHAI Annuity Receivables) ICRA AAA(SO) 1.17%
State Bank Of India CRISIL AAA 1.05%
Indian Railway Finance Corporation Limited CRISIL AAA 1.04%
Samasta Microfinance Limited (Subsidiary of India Infoline Finance Limited) CRISIL A+ 1.00%
Muthoot Finance Limited ICRA AA 0.78%
Kudgi Transmission Limited (Fixed pooled transmission charges collected by PGCIL) ICRA AAA(SO) 0.55%
Amba River Coke Limited (Subsidiary of JSW Steel Ltd) CARE AA 0.40%
HPCL-Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA+ 0.34%
Nagpur Seoni Expressway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 0.31%
Dewan Housing Finance Corporation Limited CARE D (LT) 0.25%
Total 86.56%
SECURITISED DEBT
Rent-A-Device Trust(Backed by lease rentals from Reliance Retail Ltd) ICRA AAA(SO) 1.47%
Total 1.47%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 5.82%
Net Receivable/Payable 2.38%
Net Assets 100.00%
Average Maturity 2.11 years
Modified Duration 1.55 years
YTM 10.73%




Pursuant to declaration/ payment of dividend, the NAV will fall to the extent of the payout and statutory levy (if applicable).
Face value Rs10/-.
Past performance of the aforesaid schemes may or may not be sustained in future.
Please note that the dividend rates mentioned are post applicable dividend distribution tax deduction.

Investment objective: To generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments.ᵟ
Exit Load:If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.
ᵟPursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 14, 2018.
For details of expenses charged to Retail Plan (subscriptions under which are not accepted w.e.f. October 01, 2012), please refer to the respective fund page under “Our Funds” on our website
www.ltfs.com
For details of other funds managed by the Fund Manager and 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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