L&T LOW DURATION FUND

Data as on October 31, 2020

 
 
 

L&T LOW DURATION FUND

Data as on October 31, 2020

 
 

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
1,012.69 (Rs In Crs)
Monthly Average AUM
767.01 (Rs In Crs)
Options
•Growth
•Dividend option (Reinvestment and Payout)
•Annual 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
➧ IndusInd Bank Limited CRISIL A1+ 3.86%
➧ JSW Steel Limited CARE A1+ 3.43%
Bank of Baroda IND A1+ 2.44%
National Bank for Agriculture & Rural Development IND A1+ 2.42%
Aditya Birla Fashion and Retail Limited CRISIL A1+ 0.98%
Axis Bank Limited ICRA A1+ 0.49%
Total 13.62%
GOVERNMENT BONDS
8.75% WEST BENGAL SDL 11-JAN-2022 SOVEREIGN 2.67%
08.76% MAHARASHTRA SDL 22-FEB-2022 SOVEREIGN 2.66%
Total 5.33%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
➧ LIC Housing Finance Limited CRISIL AAA 8.85%
➧ Housing Development Finance Corporation Limited CRISIL AAA 8.45%
➧ Rec Limited CRISIL AAA 7.86%
➧ Power Finance Corporation Limited CRISIL AAA 7.56%
➧ Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 4.22%
➧ Small Industries Development Bank of India CARE AAA 4.17%
➧ Bharti Telecom Limited CRISIL AA+ 3.75%
➧ Tata Steel Limited BWR AA 3.47%
Name Of Instrument
Rating/Industry
% to Net
Assets

National Highways Authority of India CRISIL AAA 3.25%
Muthoot Finance Limited CRISIL AA/ICRA AA 3.14%
Food Corporation of India Limited CRISIL AAA (CE) 2.81%
Aditya Birla Fashion and Retail Limited CRISIL AA 2.74%
National Bank for Agriculture & Rural Development ICRA AAA 2.12%
Hinduja Leyland Finance Limited CRISIL AA- 1.10%
Aditya Birla Finance Limited IND AAA 1.05%
IIFL Home Finance Limited ICRA AA 0.95%
Total 65.49%
Securitised Debt
Rent-A-Device Trust(Backed by receivables from Reliance Retail Ltd) ICRA AAA(SO) 2.63%
First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 2.56%
Total 5.19%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 14.21%
Net Receivable/Payable -3.84%
Net Assets 100.00%
Average Maturity 0.95 years
Modified Duration 0.88 years
Macaulay Duration 0.92 years
YTM 4.51%
➧ 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'

pdf