Invest in L&T Banking and PSU Debt Fund

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Fund Features

Type of the scheme

An open-ended debt scheme primarily investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. A relatively high interest rate risk and relatively low credit risk;

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 (w.e.f. May 30, 2016) & Mr. Shriram Ramanathan (w.e.f. March 29, 2017)

Benchmark index

NIFTY Banking & PSU Debt Index

SIP availability

Yes

Annual Recurring Expenses (Regular Plan)

0.61% (As on 31st December 2021)

Click here to view daily TER

Annual Recurring Expenses (Direct Plan)

0.23% (As on 31st December 2021)

Click here to view daily TER

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.

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NAV

L&T Banking and PSU Debt Fund
Regular, Growth
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Product Label

Moderate Risk Factor - LTFS

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.

 

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PRC Matrix

 

 

Potential Risk Class
Credit Risk→ Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)
Interest Rate Risk↓
Relatively Low (Class I)  
Moderate (Class II)    
Relatively High (Class III) A-III
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Portfolios

Speak to us
Speak to us

 a.)  For Investors

Toll-free number - 1800 4190 200/
1800 2000 400

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

Email id – investor.line@lntmf.co.in

 

 b.)  For Distributors

Phone number - 1800 4199 800/3030 9800

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

Email id – partner.line@lntmf.co.in

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