L&T RESURGENT INDIA BOND FUND

Data as on June 30, 2021

 
 
 

L&T RESURGENT INDIA BOND FUND

Data as on June 30, 2021

 
 

To seek to generate income by investing primarily in debt and money market securities. There is no assurance that the investment objective of the scheme will be realized.




Date of Inception
Regular Plan February 02, 2015
Direct Plan February 02, 2015
Fund Manager
Mr. Shriram Ramanathan (w.e.f Feb 02, 2015)
& Mr. Jalpan Shah (w.e.f March 21, 2020)
Benchmark
CRISIL Medium Term Debt Index
Month end AUM
760.00 (Rs In Crs)
Monthly Average AUM
763.45(Rs In Crs)
Options
•Growth
•IDCW option (Payout and Reinvestment)
•Annual IDCW (Payout and Reinvestment)

Name Of Instrument
Rating/Industry
% to Net
Assets

DEBT INSTRUMENTS
GOVERNMENT BONDS
➧ 06.97% GOI 06-SEP-2026 SOVEREIGN 7.00%
➧ 07.16% GOI 20-MAY-2023 SOVEREIGN 6.93%
06.79% GOI 15-MAY-2027 SOVEREIGN 0.41%
Total 14.34%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ Coastal Gujarat Power Limited (corporate guarantee of Tata Power Company Ltd) CARE AA (CE) 7.76%
➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 7.16%
➧ Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 7.15%
➧ Rec Limited CRISIL AAA 6.67%
➧ Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 4.15%
➧ Patel Knr Heavy Infrastructures Limited (Nhai Annuity Receivables) CARE AA+ 3.94%
➧ Muthoot Finance Limited ICRA AA+ 3.53%
NIIF Infrastructure Finance Limited ICRA AAA 3.50%
Manappuram Finance Limited CARE AA 3.47%
Power Finance Corporation Limited CRISIL AAA 3.45%
IIFL Home Finance Limited ICRA AA 3.42%
Housing Development Finance Corporation Limited CRISIL AAA 3.36%
Indian Oil Corporation Limited CRISIL AAA 3.33%
State Bank Of India (Basel III Compliant AT 1 Bond #) CRISIL AA+ 2.89%
Name Of Instrument
Rating/Industry
% to Net
Assets

Andhra Pradesh Expressway Limited (Nhai Annuity Receivables) IND AAA 2.52%
L&T Metro Rail (Hyderabad) Limited (Put Option On L&T Limited ) IND AAA (CE) 2.37%
IOT Utkal Energy Services Limited (Long term take or pay agreement with IOCL) CRISIL AAA 1.75%
Hinduja Leyland Finance Limited CARE AA- 1.59%
Indian Railway Finance Corporation Limited CRISIL AAA 0.30%
Dewan Housing Finance Corporation Limited (Basel II Compliant Upper Tier 2 Bond) CARE D (LT) 0.00%
Total 72.31%
Securitised Debt
➧ First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 6.70%
Total 6.70%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 6.65%
Net Receivable/Payable 0.00%
Net Assets 100.00%
Average Maturity 3.17 years
Modified Duration 2.47 years
Macaulay Duration 2.61 years
YTM 6.15%
➧ 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: For redemption on or before 90 days from the date of allotment or Purchase applying First in First Out basis – 1% of the applicable NAV. For redemption after 90 days from the date of allotment or Purchase applying First in First out basis - 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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