L&T RESURGENT INDIA BOND FUND

Data as on March 31, 2021

 
 
 

L&T RESURGENT INDIA BOND FUND

Data as on March 31, 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
739.85 (Rs In Crs)
Monthly Average AUM
749.50(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
➧ 06.45% GOI 7-OCT-2029 SOVEREIGN 5.60%
➧ 06.18% GOI 04-NOV-2024 SOVEREIGN 3.99%
05.22% GOI 15-JUN-2025 SOVEREIGN 3.38%
Total 12.97%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
➧ Coastal Gujarat Power Limited (corporate guarantee of Tata Power Company Ltd) CARE AA (CE) 7.89%
➧ Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 7.50%
➧ Power Finance Corporation Limited CRISIL AAA 7.37%
➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 7.26%
➧ Housing Development Finance Corporation Limited CRISIL AAA 5.50%
➧ Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 4.18%
➧ Patel Knr Heavy Infrastructures Limited (Nhai Annuity Receivables) CARE AA+ 3.96%
Muthoot Finance Limited ICRA AA+ 3.56%
Indian Oil Corporation Limited CRISIL AAA 3.55%
Manappuram Finance Limited CARE AA 3.50%
Andhra Pradesh Expressway Limited (Nhai Annuity Receivables) IND AAA 3.47%
IIFL Home Finance Limited ICRA AA 3.41%
Hinduja Leyland Finance Limited CARE AA- 3.27%
Name Of Instrument
Rating/Industry
% to Net
Assets

State Bank Of India (Basel III Compliant AT 1 Bond) CRISIL AA+ 2.89%
L&T Metro Rail (Hyderabad) Limited (Put Option On L&T Limited ) IND AAA (CE) 2.46%
IOT Utkal Energy Services Limited (Long term take or pay agreement with IOCL) CRISIL AAA 1.87%
IndusInd Bank Limited (Basel III Compliant AT 1 Bond) CRISIL AA 0.67%
Indian Railway Finance Corporation Limited CRISIL AAA 0.31%
Dewan Housing Finance Corporation Limited (Basel II Compliant Upper Tier 2 Bond) CARE D (LT) 0.00%
Total 72.62%
Securitised Debt
➧ First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 6.75%
Total 6.75%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 11.18%
Net Receivable/Payable -3.52%
Net Assets 100.00%
Average Maturity 3.11 years
Modified Duration 2.49 years
Macaulay Duration 2.62 years
YTM 6.52%
➧ Indicates top ten instruments






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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