L&T Liquid Fund

Data as on December 31, 2017


L&T Liquid Fund

Data as on December 31, 2017


Fund Details

NAV of Plans/Options
(as on December 31, 2017)

Rs
Daily Dividend 1011.7794
Weekly Dividend 1002.7611
Growth 2335.3315
Daily Dividend - Direct Plan 1012.8887
Weekly Dividend - Direct Plan 1001.6076
Growth - Direct Plan 2341.9237
Face ValueRs 1000
Date of Inception :
Regular PlanOctober 03, 2006
Direct PlanDecember 31, 2012
Expense Ratio+ :0.14% (Regular)
0.09% (Direct)
Options• Growth
• Dividend (Reinvestment and Payout) - Weekly Dividend
• Daily Dividend Reinvestment Plan
Minimum Application size
(Initial)
Weekly Dividend and Growth:
Rs 10,000 per application and in multiples of Rs 1 thereafter
Daily Dividend Reinvestment Plan (“DDRIP”): Rs 1,00,000 per application and in multiples of Rs 1 thereafter
Additional InvestmentRs 1,000 per application and in multiples of Rs 1 thereafter
Minimum Redemption Size Regular Plan : Rs 1000/- per application or 1 unit
Weekly Dividend/ Growth/ DDRIP: Rs 1000 per application or 1 unit
Fund ManagerMr Shriram Ramanathan and Mr. Jalpan Shah
BenchmarkCRISIL Liquid Fund Index
Monthly Average AUM (Rs In Crs)13,205.14
Month end AUM(Rs In Crs)10,629.38

Portfolio Allocation
Name Of Instrument Rating/Industry % to Net
Assets

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
LIC Housing Finance Limited CARE AAA 2.35%
Housing Development Finance
Corporation Limited CRISIL AAA 1.65%
Gruh Finance Limited ICRA AAA 0.47%
Power Finance Corporation Limited CRISIL AAA 0.33%
Rural Electrification Corporation Limited CRISIL AAA 0.28%
Credit Suisse Finance (India) Limited CRISIL AAA 0.24%
Tata Sons Limited CRISIL AAA 0.24%
TATA Capital Financial Services Limited CRISIL AA+ 0.24%
IDFC Bank Limited ICRA AAA 0.14%
Sundaram Finance Limited CRISIL AAA 0.09%
Total6.03%

MONEY MARKET INSTRUMENT
Commercial Paper/Certificate of Deposit
National Bank for Agriculture & Rural
Development CRISIL A1 + 8.80%
ICICI Bank Limited ICRA A1+ 4.85%
Aditya Birla Finance Limited ICRA A1+ 7.02%
Vedanta Limited CRISIL A1 + 5.49%
Export Import Bank Of India CRISIL A1 + 4.54%
Indiabulls Housing Finance Limited CRISIL A1 + 4.21%
India Infoline Finance Limited CRISIL A1 + 3.23%
Muthoot Finance Limited CRISIL A1 + 0.93%
IDFC Bank Limited ICRA A1+ 2.67%
Reliance Retail Limited CARE A1+ 2.34%
Bharti Telecom Limited ICRA A1+ 2.34%
National Bank for Agriculture & Rural
Development ICRA A1+ 2.33%
Export Import Bank Of India ICRA A1+ 2.32%
Yes Bank Limited CARE A1+ 2.32%
Adani Transmission Limited IND A1+ 1.99%
Aditya Birla Housing Finance Limited ICRA A1+ 1.88%
Tata Capital Limited CRISIL A1 + 1.88%
Reliance JIO Infocomm Limited CRISIL A1 + 1.87%
Manappuram Finance Limited CRISIL A1 + 1.87%
Small Industries Development Bank of India CARE A1+ 1.87%
IIFL Facilities Services Limited CRISIL A1 + 1.86%
Indian Railway Finance Corporation
Limited CRISIL A1 + 1.86%
Sun Pharma Laboratories Limited CRISIL A1 + 1.86%
Piramal Enterprises Limited ICRA A1+ 1.59%
India Infoline Housing Finance Limited CRISIL A1 + 1.40%
National Bank for Agriculture & Rural
Development IND A1+ 1.39%
PNB Housing Finance Limited CRISIL A1 + 1.39%
Tata Motors Finance Limited ICRA A1+ 1.39%
JSW Steel Limited CARE A1+ 1.39%
Tata Power Company Limited CRISIL A1 + 1.39%
Infina Finance Private Limited CRISIL A1 + 1.31%
United Spirits Limited ICRA A1+ 1.17%
Kotak Mahindra Bank Limited CRISIL A1 + 0.94%
Name Of Instrument Rating/Industry % to Net
Assets

Indostar Capital Finance Limited CRISIL A1 + 0.94%
Jhajjar Power Limited CRISIL A1 + 0.93%
Cholamandalam Investment and Finance
Company Limited ICRA A1+ 0.93%
Tata Power Solar Systems Limited
(Corporate Guarantee of Tata Power
Company Ltd) CRISIL A1+(SO) 0.93%
HDFC Bank Limited IND A1+ 0.93%
Coromandel International Limited CRISIL A1 + 0.93%
Housing Development Finance
Corporation Limited CRISIL A1 + 0.93%
SBI Cards & Payment Services Private
Limited CRISIL A1 + 0.93%
Aditya Birla Capital Limited CRISIL A1 + 0.93%
PTC India Financial Services Limited CRISIL A1 + 0.79%
Axis Bank Limited CRISIL A1 + 0.79%
IIFL Facilities Services Limited ICRA A1+ 0.75%
JSW Steel Limited ICRA A1+ 0.70%
Aadhar Housing Finance Limited
(Letter of Comfort from Dewan
Housing Finance Corp Ltd) CRISIL A1 + 0.70%
Tata Power Renewable Energy Limited
(Corporate guarantee of Tata Power
Company Ltd) CRISIL A1 + 0.47%
Axis Bank Limited CRISIL A1+ 0.47%
IndusInd Bank Limited CRISIL A1 + 0.46%
Indus Towers Limited CRISIL A1 + 0.46%
Dewan Housing Finance Corporation
Limited CRISIL A1 + 0.23%
Kotak Mahindra Investments Limited CRISIL A1 + 0.23%
Housing Development Finance
Corporation Limited ICRA A1+ 0.05%
Axis Bank Limited ICRA A1+ 0.05%
Godrej & Boyce Manufacturing Company
Limited CRISIL A1 + 0.05%
IndusInd Bank Limited CRISIL A1+ 0.05%
Total 98.32%

91 DAY T-BILL 29 -MAR -2018 SOVEREIGN 2.82%
329 DAY T-BILL 12-MAR-2018 SOVEREIGN 1.86%
91 DAY T-BILL 08-FEB-2018 SOVEREIGN 0.71%
91 DAY T-BILL 01-MAR-2018 SOVEREIGN 0.60%
91 DAY T-BILL 15 -MAR -2018 SOVEREIGN 0.46%
Total 6.45%

Fixed Deposit
Yes Bank Limited 1.41%
Total 1.41%

Others
CBLO/Reverse Repo0.60%
Net Receivable/Payable -12.81%

Net Assets 100.00%

Average Maturity 0.15 years

Modified Duration 0.14 years

YTM 6.47%

Portfolio Allocation
Name Of Instrument Rating/Industry % to Net
Assets

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
LIC Housing Finance Limited CARE AAA 2.35%
Housing Development Finance
Corporation Limited CRISIL AAA 1.65%
Gruh Finance Limited ICRA AAA 0.47%
Power Finance Corporation Limited CRISIL AAA 0.33%
Rural Electrification Corporation Limited CRISIL AAA 0.28%
Credit Suisse Finance (India) Limited CRISIL AAA 0.24%
Tata Sons Limited CRISIL AAA 0.24%
TATA Capital Financial Services Limited CRISIL AA+ 0.24%
IDFC Bank Limited ICRA AAA 0.14%
Sundaram Finance Limited CRISIL AAA 0.09%
Total6.03%

MONEY MARKET INSTRUMENT
Commercial Paper/Certificate of Deposit
National Bank for Agriculture & Rural
Development CRISIL A1 + 8.80%
ICICI Bank Limited ICRA A1+ 4.85%
Aditya Birla Finance Limited ICRA A1+ 7.02%
Vedanta Limited CRISIL A1 + 5.49%
Export Import Bank Of India CRISIL A1 + 4.54%
Indiabulls Housing Finance Limited CRISIL A1 + 4.21%
India Infoline Finance Limited CRISIL A1 + 3.23%
Muthoot Finance Limited CRISIL A1 + 0.93%
IDFC Bank Limited ICRA A1+ 2.67%
Reliance Retail Limited CARE A1+ 2.34%
Bharti Telecom Limited ICRA A1+ 2.34%
National Bank for Agriculture & Rural
Development ICRA A1+ 2.33%
Export Import Bank Of India ICRA A1+ 2.32%
Yes Bank Limited CARE A1+ 2.32%
Adani Transmission Limited IND A1+ 1.99%
Aditya Birla Housing Finance Limited ICRA A1+ 1.88%
Tata Capital Limited CRISIL A1 + 1.88%
Reliance JIO Infocomm Limited CRISIL A1 + 1.87%
Manappuram Finance Limited CRISIL A1 + 1.87%
Small Industries Development Bank of India CARE A1+ 1.87%
IIFL Facilities Services Limited CRISIL A1 + 1.86%
Indian Railway Finance Corporation
Limited CRISIL A1 + 1.86%
Sun Pharma Laboratories Limited CRISIL A1 + 1.86%
Piramal Enterprises Limited ICRA A1+ 1.59%
India Infoline Housing Finance Limited CRISIL A1 + 1.40%
National Bank for Agriculture & Rural
Development IND A1+ 1.39%
PNB Housing Finance Limited CRISIL A1 + 1.39%
Tata Motors Finance Limited ICRA A1+ 1.39%
JSW Steel Limited CARE A1+ 1.39%
Tata Power Company Limited CRISIL A1 + 1.39%
Infina Finance Private Limited CRISIL A1 + 1.31%
United Spirits Limited ICRA A1+ 1.17%
Kotak Mahindra Bank Limited CRISIL A1 + 0.94%
Indostar Capital Finance Limited CRISIL A1 + 0.94%
Jhajjar Power Limited CRISIL A1 + 0.93%
Cholamandalam Investment and Finance
Company Limited ICRA A1+ 0.93%
Tata Power Solar Systems Limited
(Corporate Guarantee of Tata Power
Company Ltd) CRISIL A1+(SO) 0.93%
HDFC Bank Limited IND A1+ 0.93%
Coromandel International Limited CRISIL A1 + 0.93%
Housing Development Finance
Corporation Limited CRISIL A1 + 0.93%
SBI Cards & Payment Services Private
Limited CRISIL A1 + 0.93%
Aditya Birla Capital Limited CRISIL A1 + 0.93%
PTC India Financial Services Limited CRISIL A1 + 0.79%
Axis Bank Limited CRISIL A1 + 0.79%
IIFL Facilities Services Limited ICRA A1+ 0.75%
JSW Steel Limited ICRA A1+ 0.70%
Aadhar Housing Finance Limited
(Letter of Comfort from Dewan
Housing Finance Corp Ltd) CRISIL A1 + 0.70%
Tata Power Renewable Energy Limited
(Corporate guarantee of Tata Power
Company Ltd) CRISIL A1 + 0.47%
Axis Bank Limited CRISIL A1+ 0.47%
IndusInd Bank Limited CRISIL A1 + 0.46%
Indus Towers Limited CRISIL A1 + 0.46%
Dewan Housing Finance Corporation
Limited CRISIL A1 + 0.23%
Kotak Mahindra Investments Limited CRISIL A1 + 0.23%
Housing Development Finance
Corporation Limited ICRA A1+ 0.05%
Axis Bank Limited ICRA A1+ 0.05%
Godrej & Boyce Manufacturing Company
Limited CRISIL A1 + 0.05%
IndusInd Bank Limited CRISIL A1+ 0.05%
Total 98.32%

91 DAY T-BILL 29 -MAR -2018 SOVEREIGN 2.82%
329 DAY T-BILL 12-MAR-2018 SOVEREIGN 1.86%
91 DAY T-BILL 08-FEB-2018 SOVEREIGN 0.71%
91 DAY T-BILL 01-MAR-2018 SOVEREIGN 0.60%
91 DAY T-BILL 15 -MAR -2018 SOVEREIGN 0.46%
Total 6.45%

Fixed Deposit
Yes Bank Limited 1.41%
Total 1.41%

Others
CBLO/Reverse Repo0.60%
Net Receivable/Payable -12.81%

Net Assets 100.00%

Average Maturity 0.15 years

Modified Duration 0.14 years

YTM 6.47%









Investment objective:To generate reasonable returns while maintaining safety and providing the investor superior liquidity. To achieve this objective, investments will be predominantly made in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.
Exit Load: Nil
For details of expenses charged to Regular and Institutional Plus Plans (subscriptions under which are not accepted w.e.f. October 01, 2012), please refer to the respective fund page under “Our Funds” on our website www.lntmf.com
For details of other funds managed by the Fund Manager and the performance of the schemes, please refer to 'Scheme Performance Section'
+ Please refer to note on expense ratios in 'Fund Manager wise Scheme Details'