L&T Low Duration Fund (Formerly known as L&T Short Term Income Fund)ᵟ

Data as on September 30, 2018

L&T Short Term Income Fund

Data as on September 30, 2018

Fund Details

NAV of Plans/Options
(as on September 28, 2018)

Dividend Option - Regular Plan
Annual Dividend Option - Regular Plan
Growth Option - Regular Plan
Dividend Option - Direct Plan
Annual Dividend Option - Direct Plan
Growth Option - Direct Plan
Date of Inception :
Regular PlanDecember 04, 2010
Direct PlanJanuary 01, 2013
Total Expense Ratio+ :1.03% (Regular)
0.56% (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)
• Annual option (Reinvestment and Payout))
Minimum Application size
Rs 10,000 per application
Additional InvestmentRs 1000 per application
Minimum Redemption SizeRs 500 or 50 units
Fund ManagerMr. Vikas Garg and Mr. Shriram Ramanathan (w.e.f. April 03, 2017)
BenchmarkCRISIL Short Term Bond Fund Index
Monthly Average AUM (Rs In Crs)1,424.04
Month end AUM(Rs In Crs)1,390.79

Portfolio Allocation
Name Of Instrument
% to Net

Listed/Awaiting Listing on the Exchange
Non Convertible Debentures
Bharat Aluminium Company Limited ICRA AA- 5.95%
DLF Promenade Limited (Commercial Mortgage Backed Security)- CRISIL AA(SO) 5.45%
Tata Sky Limited CRISIL AA 5.44%
Indostar Capital Finance Limited CARE AA- 4.62%
Aadhar Housing Finance Limited (Letter of Comfort from Dewan Housing Finance Corp Ltd) CARE AA+(SO) 4.24%
DLF Emporio Limited (Commercial Mortgage Backed Security) CRISIL AA(SO) 3.63%
Power Finance Corporation Limited CRISIL AAA 3.57%
Hinduja Leyland Finance Limited CARE AA- 3.55%
Aditya Birla Fashion and Retail Limited CRISIL AA 3.52%
Amba River Coke Limited (Long term take or pay agreement with JSW Steel Ltd) CARE AA- 3.49%
Housing Development Finance Corporation Limited CRISIL AAA 2.87%
Music Broadcast Private Limited CRISIL AA 2.87%
Dewan Housing Finance Corporation Limited CARE AAA 2.49%
HPCL-Mittal Energy Limited (Long term take or pay agreement with HPCL) ICRA AA 2.30%
Muthoot Finance Limited CRISIL AA 2.10%
Oriental Nagpur Betul Highway Limited (Nhai Annuity Receivables) CRISIL AAA(SO) 1.92%
Name Of Instrument
% to Net

Reliance Broadcast Network Limited (Letter of Comfort/DSRA Guarantee of Reliance Capital) CARE AA-(SO) 1.81%
The Tata Power Company Limited ICRA AA 1.80%
Adani Transmission Limited IND AA + 1.79%
Indiabulls Housing Finance Limited CARE AAA 1.79%
Green Infra Wind Energy Limited CRISIL AA(SO) 1.78%
J M Financial Products Limited ICRA AA(SO) 1.78%
Sundaram BNP Paribas Home Finance Limited ICRA AA+ 1.78%
India Infoline Finance Limited ICRA AA 1.46%
Manappuram Finance Limited CRISIL AA- 1.30%
Vedanta Limited CRISIL AA 1.22%
Essential Hospitality Private Limited (Backed by Lease Rentals from Dewan Housing Finance Corporation) CARE AA(SO) 1.12%
Inox Air Products Limited CRISIL AA 1.08%
Union Bank of India CRISIL AA+ 1.08%
JM Financial Products Limited ICRA AA 0.32%
Total 78.12%
Rent-A-Device Trust(Backed by lease rentals from Reliance Retail Ltd) ICRA AAA(SO) 6.38%
Total 6.38%
CBLO / Reverse Repo - 14.35%
Net Receivable/Payable - 1.15%
Grand Total 100.00%
Average Maturity 1.02 years
Modified Duration 0.76 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.
Please note that the dividend rates mentioned are post applicable dividend distribution tax deduction.

Investment objective: To generate reasonable returns primarily through investments in fixed income securities and money market instruments. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns
Exit Load: If the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 9 months from the date of allotment – Nil. If units redeemed or switched out are over and above the limit within 9 months from the date of allotment – 1%. If units are redeemed or switched out on or after 9 months from the date of allotment – 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 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'