August 20, 2022
mayank
L&T Resurgent India Bond Fund Guidance
NAV Growth : Rs 17.6663
NAV IDCW Yearly : Rs 11.9896
NAV IDCW : Rs 11.4344
Suitable For Which Investors ?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy :
The scheme seek to generate income by investing primarily in debt and money market securities.
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) | 5,000 |
| 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: | 02-Feb-15 |
| Return Since Launch: | 7.83% |
| Benchmark: | NIFTY Medium Duration Debt Index B-III |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 688 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.56% |
| (As on 31-Jul-2022) | |
| Risk Grade: | Average |
| Return Grade: | Average |
L&T Resurgent India 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 Resurgent India Bond Direct-G | 1 | -0.02 | 0.21 | 0.85 | 1.89 | 0.57 | 2.95 | 6.85 | 6.38 | 7.57 | — |
| VR Bond | 1.08 | -0.04 | 0.29 | 1.13 | 1.54 | 0.65 | 2.89 | 4.2 | 5.16 | 6 | — |
| Debt: Medium Duration | 2.62 | -0.04 | 0.2 | 1 | 2.89 | 1.73 | 4.45 | 6.06 | 6.06 | 7.1 | — |
| Rank within category | 10 | 4 | 6 | 16 | 14 | 12 | 11 | 9 | 8 | 6 | — |
| Number of funds in category | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 15 | 13 | 12 | 0 |
L&T Resurgent India 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 Resurgent India Bond Fund | 3 star | Feb-15 | 2.95 | 6.85 | 6.38 | 0.56 | 688 |
| SBI Magnum Medium Duration Fund | 4 star | Jan-13 | 3.26 | 7.51 | 7.7 | 0.68 | 9,290 |
| ICICI Prudential Medium Term Bond Fund | 5 star | Jan-13 | 4.56 | 8.06 | 7.36 | 0.75 | 6,332 |
| HDFC Medium Term Debt Fund | 4 star | Jan-13 | 3.44 | 7.13 | 7.21 | 0.58 | 3,635 |
| Axis Strategic Bond Fund | 4 star | Jan-13 | 4.49 | 7.64 | 7.33 | 0.39 | 1,670 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 37 | 55 | 37 | 37 |
| Modified Duration (yrs) | 2.21 | 2.84 | 2.21 | 2.71 |
| Average Maturity (yrs) | 2.6 | 3.56 | 2.6 | 3.89 |
| Yield to Maturity (%) | 7.59 | 7.65 | 5.81 | 7.25 |
| Avg Credit Rating | AAA | — | — | — |
L&T Resurgent India Bond Fund Guidance by Chanakya :
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