L&T RESURGENT INDIA BOND FUND

Data as on August 31, 2021

 
 
 

L&T RESURGENT INDIA BOND FUND

Data as on August 31, 2021

 
 

To seek to generate income by investing primarily in debt and money market securities. There is no assurance that the investment objective of the scheme will be realized.




Date of Inception
Regular Plan February 02, 2015
Direct Plan February 02, 2015
Fund Manager
Mr. Shriram Ramanathan (w.e.f Feb 02, 2015)
& Mr. Jalpan Shah (w.e.f March 21, 2020)
Benchmark
CRISIL Medium Term Debt Index
Month end AUM
749.67 (Rs In Crs)
Monthly Average AUM
748.47 (Rs In Crs)
Options
•Growth
•IDCW option (Payout and Reinvestment)
•Annual IDCW (Payout and Reinvestment)

Name Of Instrument
Rating
% to Net
Assets

DEBT INSTRUMENTS
GOVERNMENT BONDS
➧ 05.22% GOI 15-JUN-2025 SOVEREIGN 6.73%
07.16% GOI 20-MAY-2023 SOVEREIGN 3.57%
08.08% GOI 02-AUG-2022 SOVEREIGN 0.70%
Total 11.00%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 8.52%
➧ Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 7.39%
➧ Rec Limited CRISIL AAA 6.90%
➧ NIIF Infrastructure Finance Limited ICRA AAA 4.66%
➧ ONGC Petro Additions Limited ICRA AAA (CE) 4.45%
➧ Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 4.31%
➧ Coastal Gujarat Power Limited (corporate guarantee of Tata Power Company Ltd) CARE AA (CE) 4.25%
➧ Patel Knr Heavy Infrastructures Limited (Nhai Annuity Receivables) CARE AA+ 4.08%
Power Finance Corporation Limited CRISIL AAA 3.97%
Muthoot Finance Limited ICRA AA+ 3.61%
Manappuram Finance Limited CARE AA 3.56%
Housing Development Finance Corporation Limited CRISIL AAA 3.45%
Indian Oil Corporation Limited CRISIL AAA 3.42%
IIFL Home Finance Limited ICRA AA 3.25%
State Bank Of India Basel III Compliant AT 1 Bond # CRISIL AA+ 2.99%
Andhra Pradesh Expressway Limited (Nhai Annuity Receivables) IND AAA 2.59%
L&T Metro Rail (Hyderabad) Limited (Put Option On L&T Limited ) IND AAA (CE) 2.44%
Name Of Instrument
Rating
% to Net
Assets

Yarrow Infrastructure Pvt Limited (Vector green energy sponsored co-obligor structure) CRISIL AAA 2.06%
IOT Utkal Energy Services Limited (Long term take or pay agreement with IOCL) CRISIL AAA 1.80%
Rattan India Solar 2 Pvt Limited (Vector green energy sponsored co-obligor structure) CRISIL AAA 0.76%
Malwa Solar Power Generation Pvt Limited (Vector green energy sponsored co-obligor structure) CRISIL AAA 0.65%
Sepset Constructions Pvt Limited (Vector green energy sponsored co-obligor structure) CRISIL AAA 0.65%
Indian Railway Finance Corporation Limited CRISIL AAA 0.31%
Citra Real Estate Limited (Vector green energy sponsored co-obligor structure) CRISIL AAA 0.11%
Priapus Infrastructure Pvt Limited (Vector green energy sponsored co-obligor structure) CRISIL AAA 0.11%
Dewan Housing Finance Corporation Limited (Basel II Compliant Upper Tier 2 Bond) CARE D (LT) 0.00%
Total 80.29%
Securitised Debt
➧ First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 6.95%
Total 6.95%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 1.78%
Net Receivable/Payable -0.06%
Net Assets 100.00%
Average Maturity 2.97 years
Modified Duration 2.40 years
Macaulay Duration 2.53 years
YTM 5.92%
➧ Indicates top ten instruments

#The YTC of the security as per guidelines issued by SEBI Circular No SEBI/HO/IMD/DF4/CIR/P/2021/032 dated March 10,2021 read with Clarification issued by SEBI vide circular no SEBI/HO/IMD/DF4/CIR/P/2021/034 dated March 22, 2021 and AMFI Best Practices Guidelines Circular No. 91/ 2020 - 21.







Exit Load: For redemption on or before 90 days from the date of allotment or Purchase applying First in First Out basis – 1% of the applicable NAV. For redemption after 90 days from the date of allotment or Purchase applying First in First out basis - 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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