L&T BANKING AND PSU DEBT FUND

Data as on August 31, 2021

 
 
 

L&T BANKING AND PSU DEBT FUND

Data as on August 31, 2021

 
 

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.




Date of Inception
Regular Plan September 12, 2012
Direct Plan January 01, 2013
Fund Manager
Mr. Jalpan Shah (w.e.f. May 30, 2016) &
Mr. Shriram Ramanathan (w.e.f. March 29, 2017)
Benchmark
NIFTY Banking & PSU Debt Index
Month end AUM
5,164.40 Rs In Crs)
Monthly Average AUM
4,912.66 (Rs In Crs)
Options
•Growth
•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
➧ HDFC Bank Limited CARE A1+ 4.67%
Export Import Bank of India CRISIL AAA 3.87%
Axis Bank Limited CRISIL A1+ 1.89%
Total 10.43%
GOVERNMENT BONDS
➧ 07.32% GOI 28-JAN-2024 SOVEREIGN 8.30%
➧ 06.18% GOI 04-NOV-2024 SOVEREIGN 8.20%
07.16% GOI 20-MAY-2023 SOVEREIGN 3.62%
07.35% GOI 22-JUN-2024 SOVEREIGN 0.10%
Total 20.22%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ Indian Railway Finance Corporation Limited CRISIL AAA 8.54%
➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 8.52%
➧ National Housing Bank CRISIL AAA 7.91%
➧ Housing Development Finance Corporation Limited CRISIL AAA 7.12%
➧ Hindustan Petroleum Corporation Limited CRISIL AAA 6.37%
➧ NTPC Limited CRISIL AAA 6.36%
➧ Indian Oil Corporation Limited CRISIL AAA 5.61%
% to Net
Assets
Name Of Instrument
Rating

Power Grid Corporation of India Limited CRISIL AAA 4.53%
Rec Limited CRISIL AAA 4.17%
Power Finance Corporation Limited CRISIL AAA 3.96%
Export Import Bank of India CRISIL AAA 1.80%
Housing and Urban Development Corporation Limited CARE AAA 1.15%
Small Industries Development Bank of India ICRA AAA 1.03%
National Highways Authority of India CRISIL AAA 0.53%
NHPC Limited IND AAA 0.10%
Nuclear Power Corporation Of India Limited CRISIL AAA 0.07%
Total 67.77%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 1.54%
Net Receivable/Payable 0.05%
Net Assets 100.00%
Average Maturity 1.85 years
Modified Duration 1.68 years
Macaulay Duration 1.75 years
YTM 4.41%
➧ Indicates top ten instruments






Exit Load: Nil
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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