L&T Banking and PSU Debt Fund

Fund Features

Scheme Classification

An open-ended debt scheme predominantly investing in debt instruments of banks, PSUs, public financial institutions and municipal bonds

Objective

To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India.

Inception date

September 12, 2012

Fund Managers

Mr. Jalpan Shah and Mr. Shriram Ramanathan

Benchmark index

CRISIL Short Term Bond Fund Index

SIP availability

Yes

Annual Recurring Expenses (Regular Plan)

0.60% (As on 31st May 2019)

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Annual Recurring Expenses (Direct Plan)

0.20% (As on 31st May 2019)

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Note:

The above ratio includes 5 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.

Entry Load

NIL

Exit Load

NIL

Minimum purchase amount

Rs. 10,000 per application.

Minimum additional purchase amount

Rs. 1,000 per application.

Minimum redemption amount/units

Rs.500/50 units.

Note:

Scheme Information Document, Key Information Memorandum and Application Forms / Transaction Slips available at the ISCs / distributors.

NAV

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Asset Allocation

Asset Allocation is represented as:

Instruments	Maximum	Minimum	Risk Profile
Instruments	Indicative Allocation (% of net assets)		Risk Profile
Debt* and money market instruments/securities issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and Municipal Bonds including CBLO	100%	80%	Low to Medium
Debt* and money market instruments^/securities issued by other entities	20%	0%	Low to Medium

*Debt instruments would include all debt securities issued by entities such as banks, companies, public sector undertakings, municipal corporations, body corporates, warrants, equity linked debentures (with no equity component), compulsorily convertible debenture (with no equity linked returns), capital instruments including Basel III bonds, central government securities, state development loans and UDAY bonds, recapitalization bonds, municipal bonds and G-sec repos and any other instruments as permitted by regulators from time to time.

^Money market instruments would include certificate of deposits, commercial papers, T-bills, repo, reverse repos and CBLO, bill rediscounting, bills of exchange / promissory notes, standby letter of credit (SBLC) backed commercial papers and government securities having unexpired maturity of 1 year and such other instruments as eligible from time to time.

Risk Factor

This product is suitable for investors who are seeking*

Generation of reasonable returns and liquidity over short term

Investment primarily in securities issued by Banks, Public Sector Undertakings and Public Financial Institutions and municipal corporations in India

*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.

Fund Features

NAV

Asset Allocation

Instruments

Risk Factor