L&T Banking and PSU Debt Fund Dividend Daily+0.02%

10.19%
1 Year Return
Debt
Banking & PSU
3.0star
6M
1Y
3Y
5Y
All

Fund Details

L&T Banking and PSU Debt Fund Dividend Daily

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.61%
NAV11.11 (29 Oct 2020)
Fund Started20 Sep 2007
Fund Size4,103 Cr

Returns

1Y
3Y*
5Y*
Since inception*
L&T Banking and PSU Debt Fund Dividend Daily
10.2%
8.3%
8.3%
8.3%
Category Average
10.0%
8.4%
8.4%
-
Rank within category
9
13
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 10.2% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. 1Y Returns are higher than the benchmark
    3. 3Y Returns are higher than the benchmark
    4. 5Y Returns are higher than the benchmark
    5. Exit load is zero
    6. Risk-adjusted returns are higher compared to the category
    7. 1Y Returns are higher than the category average returns
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    GOISovereignGOI Sec15.9%
    National Thermal Power Corp. Ltd.EnergyDebenture8.1%
    Indian Oil Corpn. Ltd.EnergyDebenture7.1%
    National Housing BankFinancialDebenture6.2%
    Indian Railway Finance Corpn. Ltd.FinancialDebenture5.6%
    State Bank of IndiaFinancialDebenture5.3%
    National Bank For Agriculture & Rural DevelopmentFinancialDebenture5.1%
    Export-Import Bank Of IndiaFinancialCD4.6%
    Housing Development Finance Corpn. Ltd.FinancialDebenture4.2%
    Hindustan Petroleum Corpn. Ltd.EnergyDebenture3.3%
    See All

    Fund Managers

    addShriram 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.
    Funds Managed
    addJalpan Shah
    Education
    Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
    Experience
    Prior to joining L&T, 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.
    Funds Managed

    L&T Banking and PSU Debt Fund Dividend Daily Details

    L&T Banking and PSU Debt Fund Dividend Daily is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 20 Sep 2007. Shriram Ramanathan, Jalpan Shah is the Current Fund Manager of L&T Banking and PSU Debt Fund Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹4,103 Cr and the Latest NAV as of 29 Oct 2020 is ₹11.11.

    The L&T Banking and PSU Debt Fund Dividend Daily is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 10000.

    Investment Objective

    The scheme aims to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings and Public Financial Institutions in India.

    Tax Implications

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

    Scheme Information Document(SID)

    ₹10000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About L&T Mutual Fund

    Address
    6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
    Phone
    022-66554000
    Launch Date
    03 Jan 1997
    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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