L&T Credit Risk Fund
(Formerly known as L&T Income Opportunities Fund)ᵟ

Data as on January 31, 2019


L&T Income Opportunities Fund

Data as on January 31, 2019


Fund Details

NAV of Plans/Options
(as on January 31, 2019)

Rs
Dividend - Regular Plan
10.7094
Annual Dividend - Regular Plan
11.7162
Growth - Regular Plan
20.7328
Bonus - Regular Plan
20.3997
Dividend - Direct Plan
11.0194
Annual Dividend - Direct Plan
11.9653
Growth - Direct Plan
21.3323
Date of Inception :
Regular PlanOctober 08, 2009
Direct PlanJanuary 01, 2013
Total Expense Ratio+ : 1.75% (Regular)
1.03% (Direct)
- Including Additional Expenses, B30 charges and GST on Management Fees
- Total Expense Ratio is as on the last business day of the month
Options• Growth
• Dividend
• Annual Dividend
Minimum Application size
(Initial)
Rs 10,000 per application and in multiples of Rs 1 thereafter.
Additional InvestmentRs 1000 per application and in multiples of Rs 1 thereafter.
Minimum Redemption SizeRs Retail Option : Rs 500/- per application or 50 units Dividend/ Growth/ Bonus: Rs 500 per application or 50 units
Fund Manager Mr. Shriram Ramanathan and Mr. Vikas Garg (w.e.f. April 03, 2017)
BenchmarkCRISIL Short Term Bond Fund Index
Monthly Average AUM (Rs In Crs)3,697.58
Month end AUM(Rs In Crs)3,680.74

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
Vodafone Mobile Services Limited CRISIL A+ 5.39%
Jhajjar Power Limited IND A + 4.32%
Green Infra Wind Energy Limited (subsidiary of Sembcorp Energy India Ltd) CRISIL AA(SO) 4.10%
Samasta Microfinance Limited (Subsidiary of India Infoline Group) CARE A 4.09%
Indofil Industries Limited CRISIL A+ 4.08%
Tata Power Renewable Energy Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA(SO) 3.29%
Renew Power Limited CARE A+ 3.24%
IndusInd Bank Limited CRISIL AA 3.18%
Asirvad Microfinance Limited (subsidiary of Manappuram Finance Ltd) CRISIL A+ 3.06%
National Bank for Agriculture & Rural Development CRISIL AAA 3.02%
Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE AA-(SO) 2.87%
Syndicate Bank CARE A+ 2.74%
Ess Kay Fincorp Limited CARE A- 2.72%
S.D. Corporation Private Limited (Shapoorji Pallonji DSRA Guarantee) CARE AA(SO) 2.71%
Bharat Aluminium Company Limited ICRA AA- 2.67%
Walwhan Renewables Energy Private Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA(SO) 2.61%
Indostar Capital Finance Limited CARE AA- 2.55%
Vizag General Cargo Berth Private Limited (Corporate guarantee of Vedanta Ltd) CRISIL AA(SO) 2.53%
Hinduja Leyland Finance Limited ICRA AA- 2.21%
Business Broadcast News Holdings Limited (Corporate Guarantee - Reliance Capital Limited) CARE AA(SO) 2.02%
Essential Hospitality Private Limited CARE AA(SO) 1.98%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 1.80%
Indiabulls Housing Finance Limited CARE AAA 1.60%
HPCL-Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA+ 1.57%
Aadhar Housing Finance Limited CARE AA+(SO) 1.57%
Name Of Instrument
Rating/Industry
% to Net
Assets

Tata Sky Limited CRISIL AA 1.42%
State Bank Of India CRISIL AAA 1.39%
DLF Promenade Limited (Commercial Mortgage Backed Security)- CRISIL AA(SO) 1.37%
Andhra Pradesh Expressway Limited (Nhai Annuity Receivables) ICRA AAA(SO) 1.27%
IIFL Home Finance Limited ICRA AA 1.27%
Muthoot Finance Limited ICRA AA 1.19%
Kudgi Transmission Limited (Fixed pooled transmission charges collected by PGCIL) ICRA AAA(SO) 1.16%
Dewan Housing Finance Corporation Limited CARE AA 1.15%
S.D. Corporation Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA-(SO) 0.98%
Dewan Housing Finance Corporation Limited CARE AAA 0.94%
SP Jammu Udhampur Highway Limited (NHAI Annuity Receivables) ICRA AAA(SO) 0.79%
Samasta Microfinance Limited (Subsidiary of India Infoline Finance Limited) CRISIL A+ 0.68%
Rec Limited CRISIL AAA 0.68%
Adani Transmission Limited IND AA + 0.54%
Yes Bank Limited ICRA AA- 0.41%
Muthoot Finance Limited CRISIL AA 0.40%
East North Interconnection Company Limited (Fixed pooled transmission charges collected by PGCIL) CRISIL AAA(SO) 0.34%
Amba River Coke Limited (Subsidiary of JSW Steel Ltd) CARE AA 0.27%
Nagpur Seoni Expressway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 0.21%
Yes Bank Limited CARE AA 0.14%
Total 88.52%
MONEY MARKET INSTRUMENT
Commercial Paper/Certificate of Deposit
Dewan Housing Finance Corporation Limited CRISIL A1+ 0.65%
Total 0.65%
SECURITISED DEBT
Rent-A-Device Trust(Backed by lease rentals from Reliance Retail Ltd) ICRA AAA(SO) 1.81%
Total 1.81%
Others
Tri-Party REPO /Reverse Repo 6.33%
Net Receivable/Payable 2.69%
Grand Total 100.00%
Average Maturity 2.19 years
Modified Duration 1.58 years
YTM 10.14%




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.
Please note that the dividend rates mentioned are post applicable dividend distribution tax deduction.

Investment objective: To generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments.ᵟ
Exit Load:If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment – 1%. If units are redeemed or switched out on or after 1 year from the date of allotment – Nil.
ᵟPursuant to the circular issued by SEBI on ‘Categorization and Rationalization of the Schemes, there has been change in the fundamental attribute(s) of the aforesaid effective from May 14, 2018.
For details of expenses charged to Retail Plan (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.ltfs.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'

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