L&T LOW DURATION FUND

Data as on March 31, 2022

 
 
 

L&T LOW DURATION FUND

Data as on March 31, 2022

 
 

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
842.98 (Rs In Crs)
Monthly Average AUM
837.07 (Rs In Crs)
Options
•Growth
•IDCW option (Reinvestment and Payout)
•Annual IDCW option (Reinvestment and Payout)

Name Of Instrument
Rating
% to Net
Assets

DEBT INSTRUMENTS
MONEY MARKET INSTRUMENT
Commercial Paper (Listed / Awaiting listing on Stock Exchanges) / Certificate of Deposit
➧ Axis Bank Limited CRISIL A1+ 5.79%
HDFC Bank Limited ICRA A1+ 2.84%
Total 8.63%
GOVERNMENT BONDS
➧ 06.84% GOI 19-12-2022 SOVEREIGN 12.92%
➧ 07.16% GOI 20-05-2023 SOVEREIGN 9.37%
➧ 08.35% GOI 14-05-2022 SOVEREIGN 6.15%
Total 28.44%
Non Convertible Debentures
Listed/Awaiting Listing on the Exchange
➧ National Bank for Agriculture & Rural Development CRISIL AAA/ICRA AAA 6.17%
➧ India Grid Trust CRISIL AAA 5.25%
➧ ONGC Petro Additions Limited (Letter of comfort from Oil & Natural Gas Corporation Limited) ICRA AAA (CE) 4.83%
➧ Tata Steel Limited BWR AA+ 4.43%
➧ Power Finance Corporation Limited CRISIL AAA 4.34%
Rec Limited CRISIL AAA 3.74%
Aditya Birla Fashion and Retail Limited CRISIL AA 3.68%
Nabha Power Limited (Corporate Guarantee of L&T Limited) ICRA AAA (CE) 3.18%
Cholamandalam Investment and Finance Company Limited ICRA AA+ 3.15%
LIC Housing Finance Limited CRISIL AAA 3.14%
Name Of Instrument
Rating
% to Net
Assets

Indian Oil Corporation Limited CRISIL AAA 3.10%
Small Industries Development Bank of India CARE AAA 3.10%
Reliance Industries Limited CRISIL AAA 3.09%
Housing Development Finance Corporation Limited CRISIL AAA 3.00%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 1.20%
Bajaj Finance Limited CRISIL AAA 1.19%
NIIF Infrastructure Finance Limited ICRA AAA 1.00%
Total 57.59%
Securitised Debt
➧ First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 3.75%
Total 3.75%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 1.70%
Net Receivable/Payable -0.10%
Net Assets 100.00%
Average Maturity 0.53 years
Modified Duration 0.51 years
Macaulay Duration 0.53 years
YTM 4.56%
➧ 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'
With effect from April 01, 2022, the first tier benchmark index of the Scheme shall be NIFTY Low Duration Debt Index B-I. Refer our addendum dated March 31, 2022

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