L&T LOW DURATION FUND

Data as on August 31, 2021

 
 
 

L&T LOW DURATION FUND

Data as on August 31, 2021

 
 

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
Month end AUM
1,296.20 (Rs In Crs)
Monthly Average AUM
1,161.47 (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+ 7.56%
Tata Capital Financial Services Limited CRISIL A1+ 3.02%
Total 10.58%
GOVERNMENT BONDS
➧ 08.08% GOI 02-AUG-2022 SOVEREIGN 5.24%
04.26% GOI 17-MAY-2023 SOVEREIGN 2.74%
08.35% GOI 14-MAY-2022 SOVEREIGN 2.04%
08.20% GOI 15-FEB-2022 SOVEREIGN 1.98%
Total 12.00%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 8.36%
➧ Rec Limited CRISIL AAA 6.97%
➧ Housing Development Finance Corporation Limited CRISIL AAA 6.41%
➧ Power Finance Corporation Limited CRISIL AAA 4.82%
➧ Embassy Office Parks REIT CRISIL AAA 4.80%
➧ Reliance Industries Limited CRISIL AAA 3.97%
India Grid Trust CRISIL AAA 3.48%
Manappuram Finance Limited CRISIL AA 2.92%
Tata Steel Limited BWR AA 2.81%
NIIF Infrastructure Finance Limited ICRA AAA 2.70%
Aditya Birla Fashion and Retail Limited CRISIL AA 2.35%
Muthoot Finance Limited ICRA AA+ 2.12%
Mahindra & Mahindra Financial Services Limited IND AAA 2.05%
Nabha Power Limited ICRA AAA (CE) 2.02%
Name Of Instrument
Rating
% to Net
Assets

LIC Housing Finance Limited CRISIL AAA 2.00%
Cholamandalam Investment and Finance Company Limited ICRA AA+ 1.99%
Indian Oil Corporation Limited CRISIL AAA 1.98%
Aditya Birla Finance Limited IND AAA 1.97%
Small Industries Development Bank of India ICRA AAA 1.95%
Telesonic Networks Limited (Corporate guarantee of Bharti Airtel Limited) CRISIL AA 1.17%
Bharti Telecom Limited CRISIL AA+ 0.90%
Oil & Natural Gas Corporation Limited ICRA AAA 0.43%
IIFL Home Finance Limited ICRA AA 0.38%
Total 68.55%
Securitised Debt
➧ First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 3.61%
Total 3.61%
Treasury Bill
➧ 182 DAYS T-BILL 30-DEC-21 SOVEREIGN 3.82%
Total 3.82%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 2.29%
Net Receivable/Payable -0.83%
Net Assets 100.00%
Average Maturity 0.81 years
Modified Duration 0.75 years
Macaulay Duration 0.77 years
YTM 4.07%
➧ 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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