August 20, 2022
mayank
L&T Short Term Bond Fund Guidance
NAV Growth : Rs 22.7136
NAV IDCW Yearly : Rs 12.6739
Suitable For Which Investors ?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one 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. There have been instances when short duration funds have incurred losses.
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 seeks to generate returns by investing in debt, government 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) | 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: | 7.80% |
| Benchmark: | NIFTY Short Duration Debt Index B-II |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| Assets: | Rs 3,742 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.27% |
| (As on 31-Jul-2022) | |
| Risk Grade: | Average |
| Return Grade: | Below Average |
L&T Short Term 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 Short Term Bond Direct-G | 1.45 | -0.01 | 0.15 | 0.67 | 1.56 | 0.8 | 2.45 | 6 | 6.65 | 7.21 | — |
| CCIL T Bill Liquidity Weight | 1.29 | 0.04 | 0.01 | 0.27 | 0.74 | 1 | 2.03 | 2.61 | 3.26 | 3.63 | — |
| Debt: Short Duration | 2.45 | -0.02 | 0.15 | 0.7 | 1.62 | 1.85 | 4.45 | 6.55 | 6.21 | 7.09 | — |
| Rank within category | 24 | 8 | 17 | 15 | 16 | 26 | 26 | 19 | 12 | 13 | — |
| Number of funds in category | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 24 | 21 | 21 | 0 |
L&T Short Term 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 Short Term Bond Fund | 3 star | Jan-13 | 2.45 | 6 | 6.65 | 0.27 | 3,742 |
| ICICI Prudential Short Term Fund | 4 star | Jan-13 | 4.38 | 7.42 | 7.39 | 0.37 | 15,543 |
| HDFC Short Term Debt Fund | 4 star | Jan-13 | 3.35 | 6.97 | 7.22 | 0.29 | 13,533 |
| Kotak Bond – Short Term Fund | 4 star | Jan-13 | 3.22 | 6.63 | 7.09 | 0.34 | 13,158 |
| Nippon India Short Term Fund | 5 star | Jan-13 | 3.51 | 6.96 | 6.97 | 0.35 | 6,681 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 38 | 61 | 38 | 47 |
| Modified Duration (yrs) | 1.61 | 1.88 | 1.36 | 1.52 |
| Average Maturity (yrs) | 1.81 | 2.12 | 1.52 | 2.04 |
| Yield to Maturity (%) | 6.85 | 6.85 | 4.26 | 6.77 |
| Avg Credit Rating | AAA | — | — | — |
L&T Short Term Bond Fund Guidance by Chanakya :
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