L&T RESURGENT INDIA BOND FUND

Data as on October 31, 2020

 
 
 

L&T RESURGENT INDIA BOND FUND

Data as on October 31, 2020

 
 

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
759.96 (Rs In Crs)
Monthly Average AUM
754.30(Rs In Crs)
Options
•Growth
•Dividend option (Payout and Reinvestment)
•Annual Dividend (Payout and Reinvestment)

Name Of Instrument
Rating/Industry
% to Net
Assets

DEBT INSTRUMENTS
GOVERNMENT BONDS
➧ 06.45% GOI 7-OCT-2029 SOVEREIGN 9.55%
➧ 05.77% GOI 03-AUG-2030 SOVEREIGN 9.27%
06.18% GOI 04-NOV-2024 SOVEREIGN 3.54%
05.22% GOI 15-JUN-2025 SOVEREIGN 3.36%
Total 25.72%
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
➧ Coastal Gujarat Power Limited (corporate guarantee of Tata Power Company Ltd) CARE AA (CE) 8.71%
➧ Sikka Ports & Terminals Limited (erstwhile Reliance Ports & Terminals Ltd) CRISIL AAA 7.27%
➧ State Bank Of India (Basel III Compliant AT 1 Bond) CRISIL AA+ 5.09%
➧ Hinduja Leyland Finance Limited CARE AA- 4.53%
➧ Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA 4.12%
➧ Housing Development Finance Corporation Limited CRISIL AAA 4.08%
➧ ICICI Bank Limited (Basel III Compliant AT 1 Bond) CRISIL AA+ 3.81%
Patel Knr Heavy Infrastructures Limited (Nhai Annuity Receivables) CARE AA+ 3.77%
National Bank for Agriculture & Rural Development ICRA AAA 3.47%
Indian Oil Corporation Limited CRISIL AAA 3.40%
Andhra Pradesh Expressway Limited (Nhai Annuity Receivables) (ZCB LISTED) IND AAA 3.22%
Name Of Instrument
Rating/Industry
% to Net
Assets

IIFL Home Finance Limited ICRA AA 3.16%
L&T Metro Rail (Hyderabad) Limited (Put Option On L&T Limited ) IND AAA (CE) 2.43%
IndusInd Bank Limited (Basel III Compliant AT 1 Bond) CRISIL AA 2.09%
IOT Utkal Energy Services Limited (Long term take or pay agreement with IOCL) CRISIL AAA 1.90%
Indian Railway Finance Corporation Limited CRISIL AAA 0.30%
Dewan Housing Finance Corporation Limited (Basel II Compliant Upper Tier 2 Bond) CARE D (LT) 0.00%
Yes Bank Limited (Basel II Compliant Tier 1 Bond) CARE D (LT) 0.00%
Total 61.35%
Securitised Debt
➧ First Business Receivables Trust(Backed by receivables from Reliance Industries,Reliance Retail,Reliance Jio) CRISIL AAA(SO) 6.37%
Total 6.37%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 6.54%
Net Receivable/Payable 0.03%
Net Assets 100.00%
Average Maturity 4.76 years
Modified Duration 3.70 years
Macaulay Duration 3.88 years
YTM 7.16%
➧ 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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