L&T LOW DURATION FUND

Data as on June 30, 2021

 
 
 

L&T LOW DURATION FUND

Data as on June 30, 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
848.60 (Rs In Crs)
Monthly Average AUM
847.15 (Rs In Crs)
Options
•Growth
•IDCW option (Reinvestment and Payout)
•Annual IDCW option (Reinvestment and Payout)

Name Of Instrument
Rating/Industry
% to Net
Assets

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper (Listed / Awaiting listing on Stock Exchanges) / Certificate of Deposit
Reliance Industries Limited CRISIL A1+ 2.93%
Axis Bank Limited CRISIL A1+ 2.90%
Total 5.83%
GOVERNMENT BONDS
08.08% GOI 02-AUG-2022 SOVEREIGN 3.17%
08.35% GOI 14-MAY-2022 SOVEREIGN 3.09%
Total 6.26%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ Small Industries Development Bank of India CARE AAA/ICRA AAA 8.16%
➧ Power Finance Corporation Limited CRISIL AAA 6.43%
➧ National Bank for Agriculture & Rural Development CRISIL AAA 6.41%
➧ Rec Limited CRISIL AAA 6.20%
➧ Housing Development Finance Corporation Limited CRISIL AAA 5.41%
➧ Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 5.17%
➧ Tata Steel Limited BWR AA 4.25%
➧ Tata Capital Financial Services Limited CRISIL AAA 3.82%
➧ NIIF Infrastructure Finance Limited ICRA AAA 3.76%
Aditya Birla Fashion and Retail Limited CRISIL AA 3.48%
Name Of Instrument
Rating/Industry
% to Net
Assets

Muthoot Finance Limited ICRA AA+ 3.22%
Reliance Industries Limited CRISIL AAA 3.20%
Mahindra & Mahindra Financial Services Limited IND AAA 3.11%
Nabha Power Limited ICRA AAA (CE) 3.05%
Aditya Birla Finance Limited IND AAA 2.98%
Indian Oil Corporation Limited CRISIL AAA 2.98%
Bharti Telecom Limited CRISIL AA+ 1.36%
IIFL Home Finance Limited ICRA AA 0.61%
Total 73.60%
Securitised Debt
First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 3.15%
Total 3.15%
Treasury Bill
➧ 182 DAYS T-BILL 16-DEC-21 SOVEREIGN 5.79%
182 DAYS T-BILL 30-DEC-21 SOVEREIGN 2.89%
Total 8.68%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 5.37%
Net Receivable/Payable -2.89%
Net Assets 100.00%
Average Maturity 0.76 years
Modified Duration 0.71 years
Macaulay Duration 0.74 years
YTM 4.29%
➧ 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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