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

Data as on July 31, 2018


L&T Income Opportunities Fund

Data as on July 31, 2018


Fund Details

NAV of Plans/Options
(Data as on July 31, 2018)

Rs
Dividend - Regular Plan
10.7563
Annual Dividend - Regular Plan
11.3793
Growth - Regular Plan
20.1366
Bonus - Regular Plan
19.8145
Dividend - Direct Plan
11.0248
Annual Dividend - Direct Plan
11.5865
Growth - Direct Plan
20.6570
Date of Inception :
Regular PlanOctober 08, 2009
Direct PlanJanuary 01, 2013
Total Expense Ratio+ : 1.90% (Regular)
1.35% (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 ManagerMr. Shriram Ramanathan and Mr. Vikas Garg (w.e.f. April 03, 2017)
BenchmarkCRISIL Short Term Bond Fund Index
Monthly Average AUM (Rs In Crs)3,839.39
Month end AUM(Rs In Crs)3,881.53

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 AA- 5.08%
Jhajjar Power Limited IND A + 4.10%
Samasta Microfinance Limited (Subsidiary of India Infoline Group) CARE A 3.87%
Asirvad Microfinance Limited (subsidiary of Manappuram Finance Ltd) CRISIL A+ 3.87%
Syndicate Bank CARE AA- 3.30%
Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE AA-(SO) 3.24%
Tata Sky Limited CRISIL AA 3.21%
Tata Power Renewable Energy Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA(SO) 3.11%
Renew Power Limited CARE A+ 3.06%
IndusInd Bank Limited CRISIL AA 3.05%
Indiabulls Housing Finance Limited CARE AAA 2.95%
Hinduja Leyland Finance Limited ICRA A+ 2.80%
S.D. Corporation Private Limited (Shapoorji Pallonji DSRA Guarantee) CARE AA+(SO) 2.57%
Vedanta Limited CRISIL AA- 2.56%
Bharat Aluminium Company Limited ICRA AA- 2.53%
HPCL-Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA 2.48%
Walwhan Renewables Energy Private Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA(SO) 2.46%
Indostar Capital Finance Limited CARE AA- 2.45%
Vizag General Cargo Berth Private Limited (Corporate guarantee of Vedanta Ltd) CRISIL AA(SO) 2.41%
Essential Hospitality Private Limited (Backed by Lease Rentals from Dewan Housing Finance Corporation) CARE AA(SO) 2.06%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 2.02%
Housing Development Finance Corporation Limited CRISIL AAA 1.91%
Aadhar Housing Finance Limited (Letter of Comfort from Dewan Housing Finance Corp Ltd) CARE AA+(SO) 1.53%
Kudgi Transmission Limited (Fixed pooled transmission charges collected by PGCIL) ICRA AAA(SO) 1.41%
Name Of Instrument
Rating/Industry
% to Net
Assets

Dewan Housing Finance Corporation Limited CARE AA 1.32%
DLF Promenade Limited (Commercial Mortgage Backed Security)- CRISIL AA(SO) 1.31%
India Infoline Housing Finance Limited ICRA AA 1.25%
Business Broadcast News Holdings Limited (Corporate Guarantee - Reliance Capital Limited) CARE AA+(SO) 1.22%
Renew Akshay Urja Private Limited(Partial guarantee of IIFCL and IREDA) CARE AA+(SO) 1.14%
Muthoot Finance Limited ICRA AA 1.13%
S.D. Corporation Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA(SO) 0.93%
Vedanta Limited CRISIL AA 0.91%
Dewan Housing Finance Corporation Limited CARE AAA 0.90%
India Infoline Housing Finance Limited CRISIL AA 0.89%
SP Jammu Udhampur Highway Limited (NHAI Annuity Receivables) ICRA AAA(SO) 0.75%
Adani Transmission Limited IND AA + 0.52%
Yes Bank Limited ICRA AA 0.39%
Muthoot Finance Limited CRISIL AA 0.38%
East North Interconnection Company Limited (Fixed pooled transmission charges collected by PGCIL) CRISIL AAA(SO) 0.32%
Amba River Coke Limited (Long term take or pay agreement with JSW Steel Ltd) CARE AA- 0.26%
Nagpur Seoni Expressway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 0.21%
Manappuram Finance Limited CRISIL AA- 0.18%
Yes Bank Limited CARE AA 0.13%
Shapoorji Pallonji Energy (Gujarat) Private Limited (Shapoorji Pallonji Dsra Guarantee) ICRA AA(SO) 0.13%
Total 82.30%
MONEY MARKET INSTRUMENT
Commercial Paper/Certificate of Deposit
IIFL Facilities Services Limited CRISIL A1+ 2.57%
Bajaj Finance Limited CRISIL A1+ 2.57%
Total 5.14%
Others
CBLO / Reverse Repo 10.38%
Net Receivable/Payable 2.18%
Grand Total 100.00%
Average Maturity 2.01 years
Modified Duration 1.50 years
YTM 9.82%




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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