L&T Low Duration Fund (Formerly known as L&T Short Term Income Fund)ᵟ

Data as on July 31, 2019


L&T Low Duration Fund (Formerly known as L&T Short Term Income Fund)ᵟ L&T Short Term Income Fund

Data as on July 31, 2019


Fund Details

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

Rs
Dividend Option - Regular Plan
10.5608
Annual Dividend Option - Regular Plan
10.8409
Growth Option - Regular Plan
20.0719
Dividend Option - Direct Plan
10.9659
Annual Dividend Option - Direct Plan
10.9631
Growth Option - Direct Plan
20.5184
Date of Inception :
Regular PlanDecember 04, 2010
Direct PlanJanuary 01, 2013
Total Expense Ratio+ : 0.96% (Regular)
0.46% (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 option (Reinvestment and Payout)
• Annual option (Reinvestment and Payout))
Minimum Application size
(Initial)
Rs 10,000 per application
Additional InvestmentRs 1000 per application
Minimum Redemption SizeRs 500 or 50 units
Fund ManagerMr. Vikas Garg and Mr. Shriram Ramanathan (w.e.f. April 03, 2017)
BenchmarkCRISIL Short Term Bond Fund Index
Monthly Average AUM (Rs In Crs) 1,031.48
Month end AUM(Rs In Crs) 1,018.07

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

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper/Certificate of Deposit
Bank of Baroda CARE A1+ 4.66%
Small Industries Development Bank of India CARE A1+ 2.33%
National Bank for Agriculture & Rural Development ICRA A1+ 2.33%
Indian Bank IND A1+ 2.33%
LIC Housing Finance Limited CRISIL A1+ 2.32%
HDFC Bank Limited IND A1+ 2.31%
Total 16.28%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
Indostar Capital Finance Limited CARE AA- 5.38%
National Bank for Agriculture & Rural Development CRISIL AAA 5.02%
Housing Development Finance Corporation Limited CRISIL AAA 4.95%
Hinduja Leyland Finance Limited CARE AA- 5.52%
Bharat Aluminium Company Limited ICRA AA- 4.89%
Music Broadcast Private Limited (subsidiary of Jagran Prakashan Ltd) CRISIL AA 3.97%
Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 3.75%
Amba River Coke Limited (Subsidiary of JSW Steel Ltd) CARE AA 3.35%
HPCL-Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA+ 3.34%
LIC Housing Finance Limited CRISIL AAA 2.48%
Mahindra Vehicle Manufacturers Limited ICRA AAA 2.47%
Green Infra Wind Energy Limited (subsidiary of Sembcorp Energy India Ltd) CRISIL AA(SO) 2.47%
Tata Power Company Limited ICRA AA 2.47%
Name Of Instrument
Rating/Industry
% to Net Assets

Reliance Industries Limited CRISIL AAA 2.44%
Muthoot Finance Limited CRISIL AA 2.43%
JM Financial Products Limited ICRA AA 2.90%
India Infoline Finance Limited ICRA AA 1.96%
Aadhar Housing Finance Limited CARE AA 1.91%
State Bank Of India CRISIL AA+ 1.63%
Walwhan Renewables Energy Private Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA(SO) 1.62%
National Housing Bank CARE AAA 1.48%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 1.38%
TMF Holdings Limited CRISIL AA 1.10%
East North Interconnection Company Limited (Fixed pooled transmission charges collected by PGCIL) CRISIL AAA(SO) 0.99%
Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE BBB(CE) 0.92%
Dewan Housing Finance Corporation Limited CARE D (LT) 0.86%
Bharat Petroleum Corporation Limited CRISIL AAA 0.51%
Tata Motors Limited CARE AA 0.49%
Vedanta Limited CRISIL AA 0.20%
Total 72.88%
SECURITISED DEBT
Rent-A-Device Trust(Backed by lease rentals from Reliance Retail Ltd) ICRA AAA(SO) 4.67%
Total 4.67%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 0.00% 2.56%
Net Receivable/Payable 0.00% 3.61%
Grand Total 100.00%
Average Maturity 1.06 years
Modified Duration 0.86 years
YTM 8.21%








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 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
Exit Load: If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 3 months from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 3 months from the date of allotment: 1%. If units are redeemed or switched out on or after 3 months from the date of allotment: Nil (w.e.f. December 12, 2018)
ᵟ Pursuant to the circular issued by SEBI on 'Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 14, 2018. 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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