August 20, 2022
mayank
L&T Triple Ace Bond Fund Guidance
NAV Growth : Rs 62.9338
NAV IDCW Yearly : Rs 11.8597
Suitable For Which Investors ?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 seeks to generate regular return by investing predominantly in AA+ and above rated debt and money market instruments.
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 90 days |
Basic Details
| Fund House: | L&T Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 7.74% |
| Benchmark: | NIFTY Corporate Bond Index B-III |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 7,115 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 0.29% |
| (As on 31-Jul-2022) | |
| Risk Grade: | High |
| Return Grade: | Above Average |
L&T Triple Ace 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 Triple Ace Bond Direct-G | 0.72 | -0.01 | 0.38 | 1.47 | 2.64 | 0.43 | 3.04 | 6.84 | 7.32 | 7.66 | — |
| VR Bond | 1.08 | -0.04 | 0.29 | 1.13 | 1.54 | 0.65 | 2.89 | 4.2 | 5.16 | 6 | — |
| Debt: Corporate Bond | 1.53 | -0.01 | 0.17 | 0.75 | 1.66 | 0.93 | 2.81 | 6.42 | 6.74 | 7.44 | — |
| Rank within category | 20 | 12 | 1 | 1 | 1 | 18 | 8 | 5 | 2 | 6 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 19 | 14 | 12 | 0 |
L&T Triple Ace 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 Triple Ace Bond Fund | 2 star | Jan-13 | 3.04 | 6.84 | 7.32 | 0.29 | 7,115 |
| ICICI Prudential Corporate Bond Fund | 4 star | Jan-13 | 3.88 | 6.87 | 7.09 | 0.27 | 15,042 |
| Aditya Birla Sun Life Corporate Bond Fund | 5 star | Jan-13 | 3.33 | 7.03 | 7.28 | 0.3 | 13,321 |
| Kotak Corporate Bond Fund – Standard Plan | 4 star | Jan-13 | 3.35 | 6.38 | 7.1 | 0.3 | 8,667 |
| Axis Corporate Debt Fund | 5 star | Jul-17 | 3.76 | 7.44 | 7.39 | 0.24 | 3,122 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 61 | 71 | 61 | 66 |
| Modified Duration (yrs) | 4.6 | 5.2 | 4.58 | 1.81 |
| Average Maturity (yrs) | 6.13 | 7 | 6.13 | 2.41 |
| Yield to Maturity (%) | 7.32 | 7.42 | 6.3 | 6.8 |
| Avg Credit Rating | AAA | — | — | — |
L&T Triple Ace Bond Fund Guidance by Chanakya :
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