Fixed Maturity Plans - Series XIV

Investment Details

Name of the Scheme:

 

L&T FMP - Series XIV

 

Nature of the Scheme: 

 

A closed-ended debt fund 

 

Investment Objective: 

 

To achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme.

 

There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.

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Fund Facts

Tenure

L&T FMP - SERIES XIV - Plan A (1233 Days)

L&T FMP - SERIES XIV - Plan B (1185 Days)

L&T FMP - SERIES XIV - Plan C (1150 Days)

Annual Recurring Expenses for Regular Plan

(Plan A) 0.55% (As on 31st May 2019)

(Plan C) 0.35% (As on 31st May 2019)

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Annual Recurring Expenses for Direct Plan

(Plan A) 0.40% (As on 31st May 2019)

(Plan C) 0.15% (As on 31st May 2019)

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Note:

The above ratio includes 20 bps of additional expenses.

 

Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and GST on investment management fees are also being charged.

 

 

Benchmark

Scheme C: CRISIL Composite Bond Fund Index

Fund Managers

Mr. Jalpan Shah (since launch) and Mr. Vikas Garg

Options

There will be three schemes of varied maturities under this Fund.
There are two options available under a Scheme: 
1. Dividend (Payout) 
2. Growth* 



* If the investor does not clearly specify the choice of option at the time of investing, the default option for the investment will be considered as the Growth Option. Both Options will have a common portfolio.

Minimum Application Amount

Rs. 5,000 and in multiples of Re. 1 thereafter

Entry Load

Not Applicable

Exit Load

Since the Units under a Plan will be listed on the National Stock Exchange, redemption request will not be accepted by the Fund directly before the Maturity Date.

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Asset Allocation

Asset Allocation is represented as:
Instruments
Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum

Debt Instruments*

100% 90%
Low to Medium

Money Market Instruments

10%
0%
Low to Medium

Exposure in derivatives, either exchange traded or over the counter (for example Interest Rate Swap) can be up to 50% of Net Assets as permitted by SEBI Regulations. 

 

*The Scheme/Plan may invest up to 50% in securitised debt. 

 

The Scheme/Plan does not intend to invest in repo in corporate debt securities. 

 

The Scheme/Plan does not intend to invest in Foreign Securities (including foreign securitised debt) 

 

The cumulative gross exposure through debt and derivative positions shall not exceed 100% of net assets of the Scheme 

 

However, following will not be considered while calculating the cumulative gross exposure:

 

I. Exposure due to hedging positions; and 

 

II. Exposure in cash or cash equivalents with residual maturity of less than 91 days 

 

The, exposure in derivatives will be for efficient portfolio management including hedging and in accordance with conditions as may be stipulated by SEBI/ RBI from time to time.

 

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Risk Factor

risk factor

This product is suitable for investors who are seeking*

Growth of capital 

Investment in a basket of debt/fixed income securities (including money market instruments)

 

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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