August 8, 2022
mayank
L&T Banking and PSU Debt Fund Guidance
NAV Growth : Rs 20.8020
NAV IDCW Weekly : Rs 10.4156
NAV IDCW Monthly : Rs 11.3352
Suitable For Which Investors ?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The scheme aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.
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: | 7.65% |
| Benchmark: | NIFTY Banking and PSU Debt Index |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 4,439 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.23% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Above Average |
| Return Grade: | Below Average |
L&T Banking and PSU Debt 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 Banking and PSU Debt Direct-G | 0.05 | -0.26 | 0.1 | 0.9 | 1.73 | 0.17 | 1.2 | 5.95 | 6.42 | 7.22 | — |
| CCIL T Bill Liquidity Weight | 1.21 | 0.05 | 0.09 | 0.28 | 0.61 | 1.05 | 2.04 | 2.63 | 3.27 | 3.65 | — |
| Debt: Banking and PSU | 1.44 | -0.15 | 0.1 | 0.59 | 1.57 | 1.56 | 3.06 | 6.35 | 6.81 | 7.55 | — |
| Rank within category | 20 | 20 | 11 | 2 | 3 | 22 | 21 | 14 | 13 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 17 | 16 | 14 | 0 |
L&T Banking and PSU Debt Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| L&T Banking and PSU Debt Fund | 2 star | Jan-13 | 1.2 | 5.95 | 6.42 | 0.23 | 4,439 |
| IDFC Banking & PSU Debt Fund | 5 star | Mar-13 | 2.96 | 6.77 | 7.37 | 0.32 | 16,162 |
| Axis Banking & PSU Debt Fund | 5 star | Jan-13 | 3.37 | 6.41 | 7.32 | 0.33 | 14,171 |
| ICICI Prudential Banking & PSU Debt Fund | 4 star | Jan-13 | 3.69 | 6.48 | 6.62 | 0.35 | 8,487 |
| Kotak Banking and PSU Debt Fund | 4 star | Jan-13 | 3.41 | 6.63 | 7.16 | 0.36 | 6,959 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 43 | 48 | 41 | 64 |
| Modified Duration (yrs) | 2.88 | 3.2 | 1.34 | 1.67 |
| Average Maturity (yrs) | 3.42 | 3.79 | 1.47 | 2.29 |
| Yield to Maturity (%) | 7.05 | 7.25 | 4.41 | 6.6 |
| Avg Credit Rating | AAA | — | — | — |
L&T Banking and PSU Debt Fund Guidance by Chanakya :
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