L&T CREDIT RISK FUND

Data as on June 30, 2022

 
 
 

L&T CREDIT RISK FUND

Data as on June 30, 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 C-III
Month end AUM
163.95 (Rs In Crs)
Monthly Average AUM
163.36 (Rs In Crs)
Options
•Growth
•IDCW
•Annual IDCW

Name Of Instrument
Rating
% to Net
Assets

DEBT INSTRUMENTS
GOVERNMENT BONDS
➧ 07.35% GOI 22-06-2024 SOVEREIGN 6.18%
➧ 04.56% GOI 29-11-2023 SOVEREIGN 5.98%
05.22% GOI 15-06-2025 SOVEREIGN 5.84%
Total 18.00%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ Tata Power Company Limited IND AA 9.47%
➧ IIFL Home Finance Limited ICRA AA 7.89%
➧ Aadhar Housing Finance Limited CARE AA 6.53%
➧ Godrej Properties Limited ICRA AA 6.53%
➧ Manappuram Finance Limited CRISIL AA 6.53%
➧ ONGC Petro Additions Limited (Letter of comfort from Oil & Natural Gas Corporation Limited) ICRA AA 6.49%
➧ Tata Projects Limited IND AA 6.27%
➧ Godrej Industries Limited CRISIL AA 6.01%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 5.25%
Tata Motors Limited CARE AA- 3.28%
Yarrow Infrastructure Pvt Limited (Vector green energy sponsored co-obligor structure) IND AAA (CE) 2.14%
Name Of Instrument
Rating
% to Net
Assets

Vector Green Prayagraj Solar Pvt Limited (Vector green energy sponsored co-obligor structure) IND AAA (CE) 0.79%
Malwa Solar Power Generation Pvt Limited (Vector green energy sponsored co-obligor structure) IND AAA (CE) 0.67%
Sepset Constructions Pvt Limited (Vector green energy sponsored co-obligor structure) IND AAA (CE) 0.67%
Citra Real Estate Limited (Vector green energy sponsored co-obligor structure) IND AAA (CE) 0.11%
Priapus Infrastructure Pvt Limited (Vector green energy sponsored co-obligor structure) IND AAA (CE) 0.11%
Total 68.74%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 13.31%
Net Receivable/Payable -0.05%
Net Assets 100.00%
Average Maturity 1.47 years
Modified Duration 1.24 years
Macaulay Duration 1.32 years
YTM 7.17%
➧ 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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