L&T Credit Risk Fund

Data as on December 31, 2019


L&T Credit Risk Fund

Data as on December 31, 2019


Fund Details

NAV of Plans/Options
(as on December 31, 2019)

Rs
Dividend - Regular Plan
10.3204
Annual Dividend - Regular Plan
11.2375
Growth - Regular Plan
21.1301
Bonus - Regular Plan
20.7909
Dividend - Direct Plan
10.7033
Annual Dividend - Direct Plan
11.5623
Growth - Direct Plan
21.8743
Date of Inception :
Regular Plan October 08, 2009
Direct Plan January 01, 2013
Total Expense Ratio+ : 1.68% (Regular)
0.90% (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 Composite Credit Risk Index
Monthly Average AUM (Rs In Crs) 1,865.46
Month end AUM(Rs In Crs) 1,806.56

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
Green Infra Wind Energy Limited (subsidiary of Sembcorp Energy India Ltd) CRISIL AA 8.30%
Samasta Microfinance Limited (Subsidiary of India Infoline Group) CARE A 8.25%
Jhajjar Power Limited (Subsidiary of CLP India Pvt Ltd) IND AA - 7.47%
Renew Power Limited CARE A+ 6.59%
Bharat Aluminium Company Limited ICRA AA- 6.36%
Indofil Industries Limited CRISIL A+ 6.25%
National Bank for Agriculture & Rural Development CRISIL AAA 5.82%
Vizag General Cargo Berth Private Limited (Corporate guarantee of Vedanta Ltd) CRISIL AA (CE) 5.50%
Tata Power Renewable Energy Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA (CE) 5.49%
Indostar Capital Finance Limited CARE AA- 3.82%
SP Jammu Udhampur Highway Limited (NHAI Annuity Receivables) IND AAA 3.38%
Syndicate Bank CARE A+ 3.32%
Indian Railway Finance Corporation Limited CARE AAA 2.90%
Indian Railway Finance Corporation Limited CRISIL AAA 2.77%
Aadhar Housing Finance Limited CARE AA 2.74%
Name Of Instrument
Rating/Industry
% to Net
Assets

Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 2.65%
IIFL Home Finance Limited ICRA AA 2.49%
Andhra Pradesh Expressway Limited (Nhai Annuity Receivables) IND AAA 2.00%
Hinduja Leyland Finance Limited ICRA AA- 1.10%
Indiabulls Housing Finance Limited CARE AA+ 1.05%
IndusInd Bank Limited CRISIL AA 0.76%
Kudgi Transmission Limited (Fixed pooled transmission charges collected by PGCIL) ICRA AAA 0.66%
HPCL-Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA+ 0.48%
Nagpur Seoni Expressway Limited (Nhai Annuity Receivables) CRISIL AAA 0.43%
Amba River Coke Limited (Subsidiary of JSW Steel Ltd) CARE AA 0.29%
Reliance Broadcast Network Limited (Corporate Guarantee of Reliance Capital) CARE D (LT) 0.28%
Dewan Housing Finance Corporation Limited CARE D (LT) 0.00%
Total 91.15%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 4.36%
Net Receivable/Payable 4.49%
Net Assets 100.00%
Average Maturity 2.26 years
Modified Duration 1.57 years
YTM 9.67%




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.
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.
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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