L&T Resurgent India Corporate Bond Fund

Data as on December 29, 2017


L&T Resurgent India Corporate Bond Fund

Data as on December 29, 2017


Fund Details

NAV of Plans/Options
(as on December 29, 2017)

Rs
Dividend Option - Regular Plan 10.7546
Annual Dividend - Regular Plan 11.8050
Growth Option - Regular Plan 12.7722
Dividend Option - Direct Plan 11.0563
Annual Dividend - Direct Plan 12.0269
Growth Option - Direct Plan 13.0971
Date of Inception :
Regular PlanFebruary 02, 2015
Direct PlanFebruary 02, 2015
Expense Ratio+ :1.60% (Regular)
0.85% (Direct)
Options• Growth
• Dividend option (Payout and Reinvestment)
• Annual Dividend (Payout and Reinvestment)
Minimum Application size
(Initial)
Rs 5,000 per application and in multiples of Rs 1 thereafter
Additional InvestmentRs 1000 per application and in multiples of Rs 1 thereafter.
Minimum Redemption SizeRs500 or 50 units
Fund ManagerMr. Shriram Ramanathan and Mr. Vikas Garg (w.e.f. April 03, 2017)
BenchmarkCRISIL Composite Bond Fund Index
Monthly Average AUM (Rs In Crs)2,450.66
Month end AUM(Rs In Crs)2,503.83


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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
L&T Metro Rail (Hyderabad) Limited (Put
Option On L&T Limited ) ICRA AAA(SO) 5.82%
Intime Properties Limited (Commercial
Mortgage Backed Security) IND AAA(SO) 5.35%
Housing Development Finance
Corporation Limited CRISIL AAA 5.35%
IndusInd Bank Limited CRISIL AA 5.02%
Indiabulls Housing Finance Limited CARE AAA 4.43%
Reliance Gas Transportation
Infrastructure Limited CRISIL AAA 3.67%
Andhra Pradesh Expressway Limited
(Nhai Annuity Receivables) ICRA AAA(SO) 3.42%
Dewan Housing Finance Corporation
Limited CARE AA 3.24%
SBI Cards & Payment Services Private
Limited CRISIL AAA 3.22%
Reliance Utilities and Power Private
Limited CRISIL AAA 3.20%
HDFC Bank Limited CRISIL AA+ 3.00%
Reliance Ports & Terminals Limited CRISIL AAA 3.00%
NRSS XXXI B Transmission Limited (Fixed
pooled transmission charges collected
by PGCIL) CRISIL AAA(SO) 2.91%
SP Jammu Udhampur Highway Limited
(NHAI Annuity Receivables) ICRA AAA(SO) 2.64%
Kudgi Transmission Limited (Fixed
pooled transmission charges collected
by PGCIL) ICRA AAA(SO) 2.50%
Oriental Nagpur Betul Highway Limited
(Nhai Annuity Receivables) CRISIL AAA(SO) 2.25%
Syndicate Bank CARE AA- 2.09%
Andhra Pradesh Expressway Limited
(Nhai Annuity Receivables) ICRA AAA(SO) 2.02%
India Infoline Housing Finance Limited ICRA AA 2.01%
Axis Bank Limited CRISIL AA+ 1.97%
Business Broadcast News Holding
Limited (Corporate Guarantee - Reliance
Capital Limited) CARE AA+(SO) 1.91%
Name Of Instrument Rating/Industry % to Net
Assets

Nagpur Seoni Expressway Limited (Nhai
Annuity Receivables) CARE AAA(SO) 1.41%
Mahindra & Mahindra Financial Services
Limited IND AAA 1.41%
Union Bank of India CRISIL AA+ 1.40%
Jhajjar Power Limited (Partial Corporate
Guarantee of CLP India Pvt Ltd) IND AA+(SO) 1.28%
Patel Knr Heavy Infrastructures Limited
(Nhai Annuity Receivables) CARE AAA(SO) 1.22%
East North Interconnection Company
Limited (Fixed pooled transmission
charges collected by PGCIL) CRISIL AAA(SO) 1.12%
Bajaj Finance Limited CARE AAA 1.01%
Tata Sons Limited CRISIL AAA 1.00%
Rural Electrification Corporation Limited CRISIL AAA 0.98%
Reliance Industries Limited CRISIL AAA 0.97%
Yes Bank Limited ICRA AA 0.61%
ICICI Bank Limited ICRA AA+ 0.60%
IOT Utkal Energy Services Limited (Long
term take or pay agreement with IOCL) CRISIL AAA(SO) 0.60%
Bharat Aluminium Company Limited ICRA AA- 0.59%
NHPC Limited IND AAA 0.60%
Nagpur Seoni Expressway Limited (Nhai
Annuity Receivables) CRISIL AAA(SO) 0.49%
Yes Bank Limited CARE AA 0.41%
Cholamandalam Investment and Finance
Company Limited ICRA AA 0.40%
Export-Import Bank of India CRISIL AAA 0.39%
Dewan Housing Finance Corporation
Limited CARE AAA 0.20%
Power Finance Corporation Limited CRISIL AAA 0.20%
Total 85.91%

Others
CBLO/Reverse Repo 11.41%
Net Receivables/(Payables) 2.68%

Grand Total 100.00%

Average Maturity 3.76 years

Modified Duration 2.75 years

YTM 8.54%

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
L&T Metro Rail (Hyderabad) Limited (Put
Option On L&T Limited ) ICRA AAA(SO) 5.82%
Intime Properties Limited (Commercial
Mortgage Backed Security) IND AAA(SO) 5.35%
Housing Development Finance
Corporation Limited CRISIL AAA 5.35%
IndusInd Bank Limited CRISIL AA 5.02%
Indiabulls Housing Finance Limited CARE AAA 4.43%
Reliance Gas Transportation
Infrastructure Limited CRISIL AAA 3.67%
Andhra Pradesh Expressway Limited
(Nhai Annuity Receivables) ICRA AAA(SO) 3.42%
Dewan Housing Finance Corporation
Limited CARE AA 3.24%
SBI Cards & Payment Services Private
Limited CRISIL AAA 3.22%
Reliance Utilities and Power Private
Limited CRISIL AAA 3.20%
HDFC Bank Limited CRISIL AA+ 3.00%
Reliance Ports & Terminals Limited CRISIL AAA 3.00%
NRSS XXXI B Transmission Limited (Fixed
pooled transmission charges collected
by PGCIL) CRISIL AAA(SO) 2.91%
SP Jammu Udhampur Highway Limited
(NHAI Annuity Receivables) ICRA AAA(SO) 2.64%
Kudgi Transmission Limited (Fixed
pooled transmission charges collected
by PGCIL) ICRA AAA(SO) 2.50%
Oriental Nagpur Betul Highway Limited
(Nhai Annuity Receivables) CRISIL AAA(SO) 2.25%
Syndicate Bank CARE AA- 2.09%
Andhra Pradesh Expressway Limited
(Nhai Annuity Receivables) ICRA AAA(SO) 2.02%
India Infoline Housing Finance Limited ICRA AA 2.01%
Axis Bank Limited CRISIL AA+ 1.97%
Business Broadcast News Holding
Limited (Corporate Guarantee - Reliance
Capital Limited) CARE AA+(SO) 1.91%
Nagpur Seoni Expressway Limited (Nhai
Annuity Receivables) CARE AAA(SO) 1.41%
Mahindra & Mahindra Financial Services
Limited IND AAA 1.41%
Union Bank of India CRISIL AA+ 1.40%
Jhajjar Power Limited (Partial Corporate
Guarantee of CLP India Pvt Ltd) IND AA+(SO) 1.28%
Patel Knr Heavy Infrastructures Limited
(Nhai Annuity Receivables) CARE AAA(SO) 1.22%
East North Interconnection Company
Limited (Fixed pooled transmission
charges collected by PGCIL) CRISIL AAA(SO) 1.12%
Bajaj Finance Limited CARE AAA 1.01%
Tata Sons Limited CRISIL AAA 1.00%
Rural Electrification Corporation Limited CRISIL AAA 0.98%
Reliance Industries Limited CRISIL AAA 0.97%
Yes Bank Limited ICRA AA 0.61%
ICICI Bank Limited ICRA AA+ 0.60%
IOT Utkal Energy Services Limited (Long
term take or pay agreement with IOCL) CRISIL AAA(SO) 0.60%
Bharat Aluminium Company Limited ICRA AA- 0.59%
NHPC Limited IND AAA 0.60%
Nagpur Seoni Expressway Limited (Nhai
Annuity Receivables) CRISIL AAA(SO) 0.49%
Yes Bank Limited CARE AA 0.41%
Cholamandalam Investment and Finance
Company Limited ICRA AA 0.40%
Export-Import Bank of India CRISIL AAA 0.39%
Dewan Housing Finance Corporation
Limited CARE AAA 0.20%
Power Finance Corporation Limited CRISIL AAA 0.20%
Total 85.91%

Others
CBLO/Reverse Repo 11.41%
Net Receivables/(Payables) 2.68%

Grand Total 100.00%

Average Maturity 3.76 years

Modified Duration 2.75 years

YTM 8.54%


Pursuant to declaration/ payment of dividend, the NAV will fall to the extent of the payout and statutory levy (if applicable).
Face value Rs10/-.
Past performance of the aforesaid schemes may or may not be sustained in future.

Investment objective:To seek to generate income by investing primarily in debt and money market securities of fundamentally strong corporates / companies in growth sectors which are closely associated with the resurgence of domestic economy, with a flexibility to follow more conservative investment approach during economic downturns.
There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
Exit Load: For redemptions on or before 1 year from the date of allotment or Purchase applying First in First Out basis - 2% of Applicable NAV. For redemptions after 1 year but on or before 2 years from the date of allotment or Purchase applying First in First Out basis - 1% of Applicable NAV. For redemptions After 2 years - NIL
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'