L&T LOW DURATION FUND

Data as on March 31, 2021

 
 
 

L&T LOW DURATION FUND

Data as on March 31, 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
999.81 (Rs In Crs)
Monthly Average AUM
798.78 (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
Bahadur Chand Investments Private Limited ICRA A1+ 2.49%
Axis Bank Limited CRISIL A1+ 2.44%
Total 4.93%
GOVERNMENT BONDS
➧ 08.08% GOI 02-AUG-2022 SOVEREIGN 7.98%
Total 7.98%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
➧ Rec Limited CRISIL AAA 6.23%
➧ Reliance Industries Limited CRISIL AAA 5.29%
➧ Indian Oil Corporation Limited CRISIL AAA 5.25%
➧ National Bank for Agriculture & Rural Development CRISIL AAA 5.21%
➧ Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 4.34%
➧ Small Industries Development Bank of India CARE AAA 4.28%
➧ LIC Housing Finance Limited CRISIL AAA 3.70%
Tata Steel Limited BWR AA 3.60%
Housing Development Finance Corporation Limited CRISIL AAA 3.53%
Larsen & Toubro Limited CRISIL AAA 3.33%
Muthoot Finance Limited ICRA AA+ 3.26%
Power Finance Corporation Limited CRISIL AAA 3.17%
Name Of Instrument
Rating/Industry
% to Net
Assets

Aditya Birla Fashion and Retail Limited CRISIL AA 2.91%
Nabha Power Limited ICRA AAA (CE) 2.74%
Bharti Telecom Limited CRISIL AA+ 1.14%
IIFL Home Finance Limited ICRA AA 0.50%
Total 58.48%
Securitised Debt
Rent-A-Device Trust(Backed by receivables from Reliance Retail Ltd) ICRA AAA(SO) 2.72%
First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) ** CRISIL AAA(SO) 2.64%
Total 5.36%
Treasury Bill
➧ 182 DAYS T-BILL 15-JUL-21 SOVEREIGN 4.95%
➧ 364 DAYS T-BILL 05-AUG-2021 SOVEREIGN 4.94%
182 DAYS T-BILL 08-JUL-21 SOVEREIGN 2.48%
Total 12.37%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 26.59%
Net Receivable/Payable -15.71%
Net Assets 100.00%
Average Maturity 0.80 years
Modified Duration 0.75 years
Macaulay Duration 0.78 years
YTM 4.31%
➧ 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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