L&T CREDIT RISK FUND

Data as on January 31, 2022

 
 
 

L&T CREDIT RISK FUND

Data as on January 31, 2022

 
 

To generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments. There is no assurance that the investment objective of the scheme will be realized.




Date of Inception
Regular Plan October 08, 2009
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 Credit Risk Bond Index
Month end AUM
179.20 (Rs In Crs)
Monthly Average AUM
182.07 (Rs In Crs)
Options
•Growth
•IDCW
•Annual IDCW

Name Of Instrument
Rating
% to Net
Assets

DEBT INSTRUMENTS
GOVERNMENT BONDS
➧ 06.10% GOI 12-07-2031 SOVEREIGN 10.74%
➧ 07.35% GOI 22-06-2024 SOVEREIGN 5.88%
➧ 05.22% GOI 15-06-2025 SOVEREIGN 5.55%
Total 22.17%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ IIFL Home Finance Limited ICRA AA 8.73%
➧ Hinduja Leyland Finance Limited CARE AA- 6.59%
➧ Godrej Industries Limited CRISIL AA 5.92%
➧ Aadhar Housing Finance Limited CARE AA 5.90%
➧ ONGC Petro Additions Limited ICRA AA 5.89%
➧ Manappuram Finance Limited CRISIL AA 5.87%
➧ Oriental Nagpur Betul Highway Limited CRISIL AAA 5.00%
Coastal Gujarat Power Limited CARE AA (CE) 4.55%
India Grid Trust CRISIL AAA 4.07%
Tata Motors Limited CARE AA- 2.95%
National Bank for Agriculture & Rural Development ICRA AAA 2.89%
Name Of Instrument
Rating
% to Net
Assets

Yarrow Infrastructure Private Limited CRISIL AAA 2.08%
Vector Green Prayagraj Solar Pvt Limited CRISIL AAA 0.77%
Malwa Solar Power Generation Private Limited CRISIL AAA 0.65%
Sepset Constructions Limited CRISIL AAA 0.65%
Citra Real Estate Limited CRISIL AAA 0.11%
Priapus Infrastructure Limited CRISIL AAA 0.11%
Total 62.73%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 15.13%
Net Receivable/Payable -0.03%
Net Assets 100.00%
Average Maturity 2.55 years
Modified Duration 2.06 years
Macaulay Duration 2.15 years
YTM 6.12%
➧ Indicates top ten 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 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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