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

Data as on May 31, 2018


L&T Income Opportunities Fund

Data as on May 31, 2018


Fund Details

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

Rs
Dividend - Regular Plan 10.7507
Annual Dividend - Regular Plan 11.2473
Growth - Regular Plan 19.9030
Bonus - Regular Plan 19.5859
Dividend - Direct Plan 11.0067
Annual Dividend - Direct Plan 11.4424
Growth - Direct Plan 20.4001
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)3,754.60
Month end AUM(Rs In Crs)3,770.38

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- 5.24%
Jhajjar Power Limited IND A + 4.21%
Samasta Microfinance Limited (Subsidiary of India Infoline Group) CARE A 4.00%
Hinduja Leyland Finance Limited ICRA A+ 3.39%
Syndicate Bank CARE AA- 3.39%
Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE AA-(SO) 3.33%
Tata Sky Limited CRISIL AA 3.26%
Tata Power Renewable Energy Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA(SO) 3.22%
IndusInd Bank Limited CRISIL AA 3.14%
Renew Power Ventures Private Limited CARE A+ 3.18%
Indiabulls Housing Finance Limited CARE AAA 3.03%
S.D. Corporation Private Limited (Shapoorji Pallonji DSRA Guarantee) CARE AA+(SO) 2.63%
Vedanta Limited CRISIL AA- 2.63%
Bharat Aluminium Company Limited ICRA AA- 2.59%
Indostar Capital Finance Limited CARE AA- 2.54%
Walwhan Renewables Energy Private Limited (Corporate guarantee of Tata Power Company Ltd) CARE AA(SO) 2.54%
HPCL-Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA 2.52%
Vizag General Cargo Berth Private Limited (Corporate guarantee of Vedanta Ltd) CRISIL AA(SO) 2.48%
Housing Development Finance Corporation Limited CRISIL AAA 2.46%
Essential Hospitality Private Limited (Backed by Lease Rentals from Dewan Housing Finance Corporation) CARE AA(SO) 2.12%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 2.07%
Aadhar Housing Finance Limited (Letter of Comfort from Dewan Housing Finance Corp Ltd) CARE AA+(SO) 1.56%
Dewan Housing Finance Corporation Limited CARE AA 1.37%
DLF Promenade Limited (Commercial Mortgage Backed Security)- CRISIL AA(SO) 1.36%
Manappuram Finance Limited CARE AA 1.33%
Name Of Instrument
Rating/Industry
% to Net
Assets

IIFL Home Finance Limited ICRA AA 1.30%
Business Broadcast News Holdings Limited (Corporate Guarantee - Reliance Capital Limited) CARE AA+(SO) 1.23%
Renew Akshay Urja Private Limited(Partial guarantee of IIFCL and IREDA) CARE AA+(SO) 1.17%
Muthoot Finance Limited ICRA AA 1.17%
S.D. Corporation Private Limited (Shapoorji Pallonji DSRA Guarantee) ICRA AA(SO) 0.95%
Vedanta Limited CRISIL AA 0.94%
Dewan Housing Finance Corporation Limited CARE AAA 0.93%
IIFL Home Finance Limited CRISIL AA 0.92%
Amba River Coke Limited (Long term take or pay agreement with JSW Steel Ltd) CARE AA- 0.92%
SP Jammu Udhampur Highway Limited (NHAI Annuity Receivables) ICRA AAA(SO) 0.78%
Adani Transmission Limited IND AA + 0.53%
LIC Housing Finance Limited CRISIL AAA 0.50%
Yes Bank Limited ICRA AA 0.42%
Asirvad Microfinance Limited (subsidiary of Manappuram Finance Ltd) CRISIL A+ 3.98%
Muthoot Finance Limited CRISIL AA 0.39%
Kudgi Transmission Limited (Fixed pooled transmission charges collected by PGCIL) ICRA AAA(SO) 0.36%
East North Interconnection Company Limited (Fixed pooled transmission charges collected by PGCIL) CRISIL AAA(SO) 0.33%
Nagpur Seoni Expressway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 0.21%
Manappuram Finance Limited CRISIL AA- 0.19%
Yes Bank Limited CARE AA 0.13%
Shapoorji Pallonji Energy (Gujarat) Private Limited (Shapoorji Pallonji Dsra Guarantee) ICRA AA(SO) 0.13%
Total 87.07%
MONEY MARKET INSTRUMENT
Commercial Paper/Certificate of Deposit
Axis Bank Limited ICRA A1+ 1.25%
Total 1.25%
Others
CBLO / Reverse Repo 12.42%
Net Receivable/Payable -0.74%
Grand Total 100.00%
Average Maturity 2.26 years
Modified Duration 1.62 years
YTM 9.69%




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 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'