August 9, 2022
mayank
L&T Flexi Bond Fund Guidance
NAV Growth : Rs 25.7283
NAV IDCW Yearly : Rs 11.3074
NAV IDCW Monthly : Rs 12.7515
Suitable For Which Investors ?
“Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.
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 investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy :
The scheme aims to generate reasonable returns through a diversified portfolio of fixed income securities. The average maturity profile of the portfolio of the scheme is likely to be up to 4 years and it may, subject to applicable regulations, invest in offshore securities up to 25% of its assets.
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 | 0.5% for redemption within 365 days |
Basic Details
| Fund House: | L&T Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.19% |
| Benchmark: | NIFTY Composite Debt Index A-III |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 40 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.90% |
| (As on 30-Jun-2022) | |
| Risk Grade: | Average |
| Return Grade: | Average |
L&T Flexi Bond 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 Flexi Bond Direct-G | 1.51 | 0.05 | -0.03 | 0.76 | 1.72 | 1.85 | 3 | 5.47 | 6.46 | 7.76 | — |
| VR Bond | 0.66 | -0.14 | 0.07 | 0.63 | 1.57 | 1.27 | 2.63 | 3.87 | 5.08 | 5.99 | — |
| Debt: Dynamic Bond | 1.31 | 0 | -0.03 | 0.81 | 1.89 | 1.64 | 3.7 | 5.86 | 6.07 | 7.48 | — |
| Rank within category | 10 | 2 | 15 | 14 | 16 | 7 | 14 | 14 | 9 | 7 | — |
| Number of funds in category | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 23 | 21 | 20 | 0 |
L&T Flexi Bond Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| L&T Flexi Bond Fund | 3 star | Jan-13 | 3 | 5.47 | 6.46 | 0.9 | 40 |
| ICICI Prudential All Seasons Bond Fund | 5 star | Jan-13 | 4.21 | 7.59 | 7.32 | 0.62 | 5,691 |
| SBI Dynamic Bond Fund | 4 star | Jan-13 | 2.7 | 5.62 | 6.57 | 0.87 | 2,300 |
| Kotak Dynamic Bond Fund | 4 star | Jan-13 | 3.28 | 6.48 | 7.43 | 0.28 | 2,043 |
| IIFL Dynamic Bond Fund | 5 star | Jun-13 | 4.07 | 6.46 | 6.44 | 0.27 | 576 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 6 | 6 | 3 | 23 |
| Modified Duration (yrs) | 2.32 | 3.31 | 0.34 | 2.7 |
| Average Maturity (yrs) | 2.72 | 4.11 | 0.44 | 4.2 |
| Yield to Maturity (%) | 6.4 | 6.4 | 3.91 | 6.55 |
| Avg Credit Rating | GOI/Cash | — | — | — |
L&T Flexi Bond Fund Guidance by Chanakya :
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