L&T Banking and PSU Debt Fund

Data as on May 31, 2017


L&T Banking and PSU Debt Fund

Data as on May 31, 2017


Fund Details

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

Rs
Daily Dividend Option - Regular Plan 10.4973
Weekly Dividend Option - Regular Plan 10.4399
Monthly Dividend Option - Regular Plan 10.5197
Growth Option - Regular Plan 14.5938
Weekly Dividend Option - Direct Plan 10.4383
Monthly Dividend Option - Direct Plan 10.7021
Growth Option - Direct Plan14.8851
Date of Inception :
Regular PlanSeptember 12, 2012
Direct PlanJanuary 01, 2013
Expense Ratio+ :0.57% (Regular)
0.18% (Direct)
Options• Growth
• Dividend option (Reinvestment and Payout)
Minimum Application size
(Initial)
Rs 500 or 5 units
Additional InvestmentRs 1000 per application and in multiples of Re. 1
Minimum Redemption SizeRs 500 or 50 units
Fund ManagerMr. Jalpan Shah & Mr. Shriram Ramanathan (w.e.f. April 03, 2017)
BenchmarkCRISIL Short Term Bond Fund Index
Monthly Average AUM (Rs In Crs)490.58
Month end AUM(Rs In Crs)443.92

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
Power Grid Corporation of India Limited CRISIL AAA 12.08%
Small Industries Development Bank of India CARE AAA 11.45%
National Bank for Agriculture & Rural Development CRISIL AAA 11.24%
Power Finance Corporation Limited CRISIL AAA 9.03%
Rural Electrification Corporation Limited CRISIL AAA 8.37%
Export-Import Bank of India CRISIL AAA 7.16%
Nuclear Power Corporation Of India Limited CRISIL AAA 5.95%
Indian Railway Finance Corporation Limited CRISIL AAA 5.85%
Name Of Instrument Rating/Industry % to Net
Assets

NTPC Limited CRISIL AAA 5.79%
Indian Railway Finance Corporation Limited CARE AAA 4.55%
NHPC Limited IND AAA 2.32%
Total 83.79%

GOVERNMENT BONDS
07.59% GOI 11-JAN- 2026 SOVEREIGN 3.51%
Total 3.51%

Others
CBLO/Reverse Repo10.14%
Net Receivables/(Payables) 2.56%

Grand Total 100.00%

Average Maturity2.99 years

Modified Duration 2.43 years

YTM 7.24%

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
Power Grid Corporation of India Limited CRISIL AAA 12.08%
Small Industries Development Bank of India CARE AAA 11.45%
National Bank for Agriculture & Rural Development CRISIL AAA 11.24%
Power Finance Corporation Limited CRISIL AAA 9.03%
Rural Electrification Corporation Limited CRISIL AAA 8.37%
Export-Import Bank of India CRISIL AAA 7.16%
Nuclear Power Corporation Of India Limited CRISIL AAA 5.95%
Indian Railway Finance Corporation Limited CRISIL AAA 5.85%
NTPC Limited CRISIL AAA 5.79%
Indian Railway Finance Corporation Limited CARE AAA 4.55%
NHPC Limited IND AAA 2.32%
Total 83.79%

GOVERNMENT BONDS
07.59% GOI 11-JAN- 2026 SOVEREIGN 3.51%
Total 3.51%

Others
CBLO/Reverse Repo10.14%
Net Receivables/(Payables) 2.56%

Grand Total 100.00%

Average Maturity2.99 years

Modified Duration 2.43 years

YTM 7.24%





W.e.f. November 15, 2016 there has been a merger for the following plans:
• L&T Banking and PSU Debt Fund - Institutional Plan - Growth Option to L&T Banking and PSU Debt Fund - Regular Plan - Growth Option.
• L&T Banking and PSU Debt Fund - Retail Plan - Growth Option to L&T Banking and PSU Debt Fund - Regular Plan - Growth Option.
• L&T Banking and PSU Debt Fund - Retail Plan - Monthly Dividend Option to L&T Banking and PSU Debt Fund - Regular Plan - Monthly Dividend Option.

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 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.
Exit Load: Nil.
For details of expenses charged to Retail and Institutional 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'
There has been a change to the fundamental attributes of L&T Low Duration Fund w.e.f. August 22, 2016.
+ Please refer to note on expense ratios in 'Fund Manager wise Scheme Details'