August 9, 2022
mayank
L&T Gilt Fund Guidance
NAV Growth : Rs 60.9348
NAV IDCW Quarterly : Rs 12.5127
Suitable For Which Investors ?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy :
The fund seeks to generate returns from a portfolio that is free from credit risk and invests in gilt securities with medium to long term residual maturity, with the average maturity of the portfolio normally not exceeding 12 years.
Fund Manager :
— Jalpan Shah
Education : Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience : Prior to joining L&T Mutual Fund, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
— Shriram Ramanathan
Education : Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
Experience : Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
Investment Details
| Min. Investment (Rs) | 10,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 500 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | L&T Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 9.00% |
| Benchmark: | NIFTY All Duration G-Sec Index |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 238 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.50% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Average |
| Return Grade: | Average |
L&T Gilt Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| L&T Gilt Direct-G | 1.17 | 0.04 | 0.15 | 1.07 | 2.14 | 2.03 | 2.79 | 5.36 | 6.3 | 8.01 | — |
| CCIL All Sovereign Bond – TRI | -1.06 | -0.37 | 0.06 | 0.99 | 2.22 | 0.68 | 1.78 | 4.62 | 6.27 | 7.74 | — |
| Debt: Gilt | 0.48 | -0.02 | -0.09 | 0.83 | 1.84 | 1 | 2.56 | 5.39 | 6.24 | 7.83 | — |
| Rank within category | 2 | 1 | 1 | 2 | 10 | 1 | 10 | 12 | 13 | 10 | — |
| Number of funds in category | 24 | 26 | 26 | 26 | 26 | 24 | 23 | 21 | 21 | 21 | 0 |
L&T Gilt Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| L&T Gilt Fund | 2 star | Jan-13 | 2.79 | 5.36 | 6.3 | 0.5 | 238 |
| SBI Magnum Gilt Fund | 5 star | Jan-13 | 2.93 | 6.02 | 6.79 | 0.46 | 3,539 |
| ICICI Prudential Gilt Fund | 4 star | Jan-13 | 3.39 | 6.56 | 6.66 | 0.56 | 2,360 |
| IDFC Government Securities Fund – Investment Plan | 4 star | Jan-13 | 2.17 | 6.29 | 7.24 | 0.62 | 1,387 |
| Aditya Birla Sun Life Government Securities Fund | 4 star | Jan-13 | 2.84 | 5.96 | 6.75 | 0.29 | 1,213 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 8 | 8 | 4 | 13 |
| Modified Duration (yrs) | 5.59 | 5.59 | 0.69 | 3.81 |
| Average Maturity (yrs) | 9.22 | 9.22 | 0.82 | 5.89 |
| Yield to Maturity (%) | 7.2 | 7.2 | 4.63 | 6.87 |
| Avg Credit Rating | GOI/Cash | — | — | — |
L&T Gilt Fund Guidance by Chanakya :
Apply Online :
Stock Research Reports :
https://www.analysislibrary.com/
NFO Guidance :
https://sahifund.com/category/nfos/
Chanakya’s Mutual Fund Guidance on Youtube
https://www.youtube.com/c/ChanakyaNiPothi
Join Chanakya’s Telegram Channel @
https://t.me/chanakyanipothi