L&T CREDIT RISK FUND

Data as on June 30, 2021

 
 
 

L&T CREDIT RISK FUND

Data as on June 30, 2021

 
 

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
CRISIL Composite Credit Risk Index
Month end AUM
219.44 (Rs In Crs)
Monthly Average AUM
211.29(Rs In Crs)
Options
•Growth
•IDCW
•Annual IDCW

Name Of Instrument
Rating/Industry
% to Net
Assets

DEBT INSTRUMENTS
GOVERNMENT BONDS
06.79% GOI 15-MAY-2027 SOVEREIGN 1.03%
Total 1.03%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ Coastal Gujarat Power Limited (corporate guarantee of Tata Power Company Ltd) CARE AA (CE) 8.35%
➧ IIFL Home Finance Limited ICRA AA 7.73%
➧ Hindalco Industries Limited CRISIL AA 5.63%
➧ Hinduja Leyland Finance Limited CARE AA- 5.60%
➧ Rec Limited CRISIL AAA 5.35%
➧ Indian Railway Finance Corporation Limited CRISIL AAA 5.34%
➧ Manappuram Finance Limited CRISIL AA 5.30%
➧ Bank of Baroda (Basel III Compliant AT 1 Bond #) CARE AA 5.27%
➧ Tata Motors Limited CARE AA- 5.27%
Tata Projects Limited IND AA 5.25%
Power Finance Corporation Limited CRISIL AAA 5.23%
National Bank for Agriculture & Rural Development ICRA AAA 5.16%
Name Of Instrument
Rating/Industry
% to Net
Assets

Godrej Industries Limited CRISIL AA 5.00%
Tata Steel Limited BWR AA 4.47%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 4.44%
Dewan Housing Finance Corporation Limited (Basel II Compliant Upper Tier 2 Bond) CARE D (LT) 0.00%
Total 83.39%
Treasury Bill
➧ 182 DAYS T-BILL 30-DEC-21 SOVEREIGN 11.88%
Total 11.88%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 15.36%
Net Receivable/Payable -11.66%
Net Assets 100.00%
Average Maturity 2.25 years
Modified Duration 1.72 years
Macaulay Duration 1.83 years
YTM 5.86%
➧ 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: 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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