L&T CREDIT RISK FUND

Data as on March 31, 2021

 
 
 

L&T CREDIT RISK FUND

Data as on March 31, 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
227.32 (Rs In Crs)
Monthly Average AUM
229.03 (Rs In Crs)
Options
•Growth
•IDCW
•Annual IDCW

Name Of Instrument
Rating/Industry
% to Net
Assets

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper (Listed / Awaiting listing on Stock Exchanges) / Certificate of Deposit
➧ Export Import Bank of India CRISIL AAA 9.96%
Total 9.96%
GOVERNMENT BONDS
➧ 06.18% GOI 04-NOV-2024 SOVEREIGN 12.52%
Total 12.52%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
➧ Coastal Gujarat Power Limited (corporate guarantee of Tata Power Company Ltd) CARE AA (CE) 7.33%
➧ IIFL Home Finance Limited ICRA AA 6.66%
➧ Hinduja Leyland Finance Limited CARE AA- 5.38%
➧ Hindalco Industries Limited CRISIL AA 4.92%
➧ National Bank for Agriculture & Rural Development ICRA AAA 4.80%
➧ Muthoot Finance Limited ICRA AA+ 4.77%
➧ Rec Limited CRISIL AAA 4.69%
Name Of Instrument
Rating/Industry
% to Net
Assets

➧ Manappuram Finance Limited CRISIL AA 4.62%
Tata Projects Limited IND AA 4.59%
Bank of Baroda (Basel III Compliant AT 1 Bond) CARE AA 4.55%
Tata Steel Limited BWR AA 3.96%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 3.86%
Dewan Housing Finance Corporation Limited (Basel II Compliant Upper Tier 2 Bond) CARE D (LT) 0.00%
Total 60.13%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 17.28%
Net Receivable/Payable 0.11%
Net Assets 100.00%
Average Maturity 1.93 years
Modified Duration 1.61 years
Macaulay Duration 1.70 years
YTM 6.29%
➧ 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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