L&T Banking and PSU Debt Fundᵟ

Data as on May 31, 2019


L&T Banking and PSU Debt Fund

Data as on May 31, 2019


Fund Details

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

Rs
Daily Dividend Option - Regular Plan
10.6285
Weekly Dividend Option - Regular Plan
10.4617
Monthly Dividend Option - Regular Plan
10.6658
Growth Option - Regular Plan
16.6109
Daily Dividend Option - Direct Plan
10.6285
Weekly Dividend Option - Direct Plan
10.4639
Monthly Dividend Option - Direct Plan
10.9416
Growth Option - Direct Plan
17.0917
Date of Inception :
Regular Plan September 12, 2012
Direct Plan January 01, 2013
Total Expense Ratio+ : 0.60% (Regular)
0.20% (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 option (Reinvestment and Payout)
Minimum Application size (Initial) Rs 10,000 per application
Additional Investment Rs 1,000 per application and thereafter in
multiples of Re. 1
Minimum Redemption Size Rs 500 or 50 units
Fund Manager Mr. Jalpan Shah & Mr. Shriram Ramanathan (w.e.f. April 03, 2017)
Benchmark CRISIL Short Term Bond Fund Index
Monthly Average AUM (Rs In Crs) 422.64
Month end AUM(Rs In Crs) 581.59


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

DEBT INSTRUMENTS
Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
National Bank for Agriculture & Rural Development CRISIL AAA 9.97%
LIC Housing Finance Limited CRISIL AAA 8.79%
Housing Development Finance Corporation Limited CRISIL AAA 8.43%
State Bank Of India CRISIL AA+ 8.23%
HDFC Bank Limited CRISIL AA+ 8.15%
National Highways Authority of India CRISIL AAA 6.90%
NTPC Limited CRISIL AAA 6.56%
Power Grid Corporation Limited CRISIL AAA 6.22%
Export Import Bank Of India CRISIL AAA 5.61%
Bharat Petroleum Corporation Limited CRISIL AAA 5.22%
Indian Railway Finance Corporation Limited CRISIL AAA 7.26%
Small Industries Development Bank of India CARE AAA 4.43%
Bank of Baroda CARE AAA 4.34%
Nuclear Power Corporation Of India Limited CRISIL AAA 3.30%
Axis Bank Limited CRISIL AAA 1.70%
Small Industries Development Bank of India ICRA AAA 1.65%
Total 96.76%
Others
Tri Party Repo Dealing System (TREPS)/Reverse Repo 9.41%
Net Receivable/Payable -6.19%
Grand Total 100.00%
Average Maturity 4.09 years
Modified Duration 3.07 years
YTM 7.85%


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 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.
ᵟ Pursuant 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 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.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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