L&T Income Opportunities Fund

Data as on May 31, 2017


L&T Income Opportunities Fund

Data as on May 31, 2017


Fund Details

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

Rs
Dividend - Regular Plan 11.0004
Annual Dividend - Regular Plan 11.3355
Growth - Regular Plan 18.8803
Bonus - Regular Plan 18.5832
Dividend - Direct Plan 11.1774
Annual Dividend - Direct Plan 11.4514
Growth - Direct Plan 19.2344
Date of Inception :
Regular PlanOctober 08, 2009
Direct PlanJanuary 01, 2013
Expense Ratio+ :1.65% (Regular)
1.15% (Direct)
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)2,732.37
Month end AUM(Rs In Crs)2,780.68

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
Vedanta Limited CRISIL AA 4.93%
Jhajjar Power Limited IND A + 4.86%
Hinduja Leyland Finance Limited ICRA A+ 4.75%
HPCL Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA 4.70%
Indiabulls Housing Finance Limited CARE AAA 4.32%
Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE AA-(SO) 4.06%
Sprit Textiles Private Limited BWR A+ 3.80%
Adani Transmission Limited IND AA + 3.65%
India Infoline Housing Finance Limited ICRA AA 3.63%
JSW Energy Limited CARE AA- 3.44%
Manappuram Finance Limited CARE AA- 2.91%
Essential Hospitality Private Limited (Backed by Lease Rentals from Dewan Housing Finance Corporation) CARE AA(SO) 2.89%
L&T Metro Rail (Hyderabad) Limited (Put Option On L&T Limited ) ICRA AAA(SO) 2.79%
IL&FS Transportation Networks Limited CARE A 2.73%
HDFC Bank Limited CRISIL AA+ 2.72%
Janalakshmi Financial Services Private Limited ICRA A+ 2.60%
Indostar Capital Finance Limited CARE AA- 2.59%
JSW Steel Limited CARE AA- 2.50%
Punjab National Bank CARE AA- 2.32%
Amba River Coke Limited (long term take or pay agreement with JSW Steel ) CARE AA- 2.16%
Syndicate Bank CARE AA- 1.88%
S.D. Corporation Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA(SO) 1.86%
Sunny View Estates Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA(SO) 1.83%
ICICI Bank Limited ICRA AA+ 1.82%
Name Of Instrument Rating/Industry % to Net
Assets

Business Broadcast News Holding Limited (Corporate Guarantee - Reliance Capital Limited) CARE AA+(SO) 1.68%
Dewan Housing Finance Corporation Limited CARE AAA 1.52%
Future Retail Limited CARE AA- 1.46%
SP Jammu Udhampur Highway Limited (NHAI Annuity Receivables)ICRA AAA(SO) 1.10%
Grand View Estate Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA(SO) 1.10%
Reliance Ports & Terminals Limited CRISIL AAA 1.07%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 1.04%
Hinduja Leyland Finance Limited CARE A+ 0.91%
IIFL Facilities Services Limited ICRA AA 0.72%
Muthoot Finance Limited CRISIL AA 0.72%
HPCL-Mittal Pipelines Limited (Long term take or pay agreement with HPCL) ICRA AA 0.64%
Intime Properties Limited (Commercial Mortgage Backed Security) IND AAA(SO) 0.55%
Nagpur Seoni Expressway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 0.49%
India Infoline Housing Finance Limited CRISIL AA 0.38%
Shapoorji Pallonji Energy (Gujarat) Private Limited (Shapoorji Pallonji Dsra Guarantee) ICRA AA(SO) 0.18%
Century Textiles & Industries Limited CRISIL AA- 0.18%
Tata Housing Development Company Limited ICRA AA 0.07%
East North Interconnection Company Limited (Fixed pooled transmission charges collected by PGCIL) CRISIL AAA(SO) 0.05%
Tata Motors Finance Limited CRISIL AA 0.04%
Total 89.64%

Others
CBLO/Reverse Repo 7.12%
Net Receivables/(Payables) 3.24%

Net Assets 100.00%

Average Maturity 2.65 years

Modified Duration 2.02 years

YTM 8.82%

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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
 
Vedanta Limited CRISIL AA 4.93%
Jhajjar Power Limited IND A + 4.86%
Hinduja Leyland Finance Limited ICRA A+ 4.75%
HPCL Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA 4.70%
Indiabulls Housing Finance Limited CARE AAA 4.32%
Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE AA-(SO) 4.06%
Sprit Textiles Private Limited BWR A+ 3.80%
Adani Transmission Limited IND AA + 3.65%
India Infoline Housing Finance Limited ICRA AA 3.63%
JSW Energy Limited CARE AA- 3.44%
Manappuram Finance Limited CARE AA- 2.91%
Essential Hospitality Private Limited (Backed by Lease Rentals from Dewan Housing Finance Corporation) CARE AA(SO) 2.89%
L&T Metro Rail (Hyderabad) Limited (Put Option On L&T Limited ) ICRA AAA(SO) 2.79%
IL&FS Transportation Networks Limited CARE A 2.73%
HDFC Bank Limited CRISIL AA+ 2.72%
Janalakshmi Financial Services Private Limited ICRA A+ 2.60%
Indostar Capital Finance Limited CARE AA- 2.59%
JSW Steel Limited CARE AA- 2.50%
Punjab National Bank CARE AA- 2.32%
Amba River Coke Limited (long term take or pay agreement with JSW Steel ) CARE AA- 2.16%
Syndicate Bank CARE AA- 1.88%
S.D. Corporation Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA(SO) 1.86%
Sunny View Estates Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA(SO) 1.83%
ICICI Bank Limited ICRA AA+ 1.82%
Business Broadcast News Holding Limited (Corporate Guarantee - Reliance Capital Limited) CARE AA+(SO) 1.68%
Dewan Housing Finance Corporation Limited CARE AAA 1.52%
Future Retail Limited CARE AA- 1.46%
SP Jammu Udhampur Highway Limited (NHAI Annuity Receivables)ICRA AAA(SO) 1.10%
Grand View Estate Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA(SO) 1.10%
Reliance Ports & Terminals Limited CRISIL AAA 1.07%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 1.04%
Hinduja Leyland Finance Limited CARE A+ 0.91%
IIFL Facilities Services Limited ICRA AA 0.72%
Muthoot Finance Limited CRISIL AA 0.72%
HPCL-Mittal Pipelines Limited (Long term take or pay agreement with HPCL) ICRA AA 0.64%
Intime Properties Limited (Commercial Mortgage Backed Security) IND AAA(SO) 0.55%
Nagpur Seoni Expressway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 0.49%
India Infoline Housing Finance Limited CRISIL AA 0.38%
Shapoorji Pallonji Energy (Gujarat) Private Limited (Shapoorji Pallonji Dsra Guarantee) ICRA AA(SO) 0.18%
Century Textiles & Industries Limited CRISIL AA- 0.18%
Tata Housing Development Company Limited ICRA AA 0.07%
East North Interconnection Company Limited (Fixed pooled transmission charges collected by PGCIL) CRISIL AAA(SO) 0.05%
Tata Motors Finance Limited CRISIL AA 0.04%
Total 89.64%

Others
CBLO/Reverse Repo 7.12%
Net Receivables/(Payables) 3.24%

Net Assets 100.00%

Average Maturity 2.65 years

Modified Duration 2.02 years

YTM 8.82%





W.e.f. November 15, 2016 there has been a merger for the following plans:
• L&T Income Opportunities Fund - Retail Option - Dividend to L&T Income Opportunities Fund - Regular Plan - Dividend Option.
• L&T Income Opportunities Fund - Retail Option - Growth to L&T Income Opportunities Fund - Regular Plan - Growth Option.
• L&T Income Opportunities Fund - Retail Option - Quarterly Dividend to L&T Income Opportunities 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 regular returns and capital appreciation by investing in debt (including securitised debt), government and money market securities.
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.
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.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'