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Home>Mutual Funds>L&T Mutual Fund>L&T Banking and PSU Debt Fund IDCW Daily

L&T Banking and PSU Debt Fund IDCW Daily

Debt
Banking and PSU
Moderate Risk
5.93%
3Y annualised
-0.06% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 May 2022₹10.85
Min. SIP amountNA
Rating2
Fund size₹4,378.00Cr

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns0.4%5.9%6.2%7.2%
Category average4.4%8.4%7.7%NA
Rank with in category211413NA
Understand terms

Holdings (34)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec13.6%
GOI
SovereignGOI Sec11.4%
National Bank For Agriculture & Rural DevelopmentFinancialDebenture9.2%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture9.1%
Power Finance Corporation Ltd.FinancialNCD7.1%
Indian Oil Corporation Ltd.EnergyDebenture6.4%
REC Ltd.FinancialDebenture4.0%
Indian Railway Finance Corporation Ltd.FinancialDebenture3.7%
REC Ltd.
FinancialNCD3.0%
GOI
SovereignGOI Sec2.9%
See All

Expense ratio, exit load and tax

Expense ratio: 0.61%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

Fund management

Shriram Ramanathan
Apr 2017 - Present
View details

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.
Also manages these schemes

Jalpan Shah
May 2016 - Present
View details

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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
BrindavanPlot No. 177, CST RoadKalina, Santacruz (East) Mumbai 400098
Phone
022-66554000 / 1800-2000-400
Launch Date
25 Apr 1996
Website
NA
Amc Image
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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FAQs

How to Invest in L&T Banking and PSU Debt Fund IDCW Daily?

You can easily invest in L&T Banking and PSU Debt Fund IDCW Daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for L&T Banking and PSU Debt Fund IDCW Daily from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in L&T Banking and PSU Debt Fund IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does L&T Banking and PSU Debt Fund IDCW Daily provide?

The L&T Banking and PSU Debt Fund IDCW Daily has been there from 20 Sep 2007 and the average annual returns provided by this fund is 0.41% since its inception.

How much expense ratio is charged by L&T Banking and PSU Debt Fund IDCW Daily?

The term Expense Ratio used for L&T Banking and PSU Debt Fund IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of L&T Banking and PSU Debt Fund IDCW Daily is 0.61% as of 28 May 2022...

What is the AUM of L&T Banking and PSU Debt Fund IDCW Daily?

The AUM, short for Assets Under Management of L&T Banking and PSU Debt Fund IDCW Daily is ₹4,378.00Cr as of 28 May 2022.

How to Redeem L&T Banking and PSU Debt Fund IDCW Daily?

If you want to sell your L&T Banking and PSU Debt Fund IDCW Daily holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of L&T Banking and PSU Debt Fund IDCW Daily?

You can select either SIP or Lumpsum investment of L&T Banking and PSU Debt Fund IDCW Daily based on your investment objective and risk tolerance.

What is the NAV of L&T Banking and PSU Debt Fund IDCW Daily?

The NAV of L&T Banking and PSU Debt Fund IDCW Daily is ₹10.85 as of 27 May 2022.

What is the PE and PB ratio of L&T Banking and PSU Debt Fund IDCW Daily?

The PE ratio ratio of L&T Banking and PSU Debt Fund IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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