1M
6M
1Y
3Y
5Y
All
| NAV: 17 Sep 2021 | ₹20.68 |
| Min. SIP amount | ₹1,000 |
| Rating | 3star |
| Fund size | ₹5,164.40 Cr |
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Debt Banking and PSU
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 5.8% | 8.7% | 7.9% | 8.4% |
| Category average | 4.4% | 8.4% | 7.7% | NA |
| Rank with in category | 10 | 13 | 12 | NA |
Understand termsinfo
Holdings (41)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 9.3% |
GOI | Sovereign | GOI Sec | 8.9% |
NTPC Ltd. | Energy | Debenture | 6.9% |
Indian Oil Corporation Ltd. | Energy | Debenture | 6.1% |
Indian Railway Finance Corporation Ltd. | Financial | Debenture | 5.6% |
National Housing Bank | Financial | Debenture | 5.3% |
National Bank For Agriculture & Rural Development | Financial | NCD | 5.2% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 4.3% |
Export-Import Bank Of India | Financial | CD | 4.2% |
Hindustan Petroleum Corporation Ltd. | Energy | Debenture | 4.1% |
See All
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
0.23%
31 Jul 2021 - 31 Aug 2021
0.23%
30 Jun 2021 - 31 Jul 2021
0.23%
31 May 2021 - 30 Jun 2021
0.23%
30 Apr 2021 - 31 May 2021
0.23%
31 Mar 2021 - 30 Apr 2021
0.21%
28 Feb 2021 - 31 Mar 2021
0.21%
31 Jan 2021 - 28 Feb 2021
0.21%
31 Dec 2020 - 31 Jan 2021
0.21%
30 Nov 2020 - 31 Dec 2020
0.21%
31 Oct 2020 - 30 Nov 2020
0.21%
30 Sep 2020 - 31 Oct 2020
0.21%
31 Aug 2020 - 30 Sep 2020
0.21%
31 Jul 2020 - 31 Aug 2020
0.21%
30 Jun 2020 - 31 Jul 2020
0.21%
31 May 2020 - 30 Jun 2020
0.21%
30 Apr 2020 - 31 May 2020
0.21%
31 Mar 2020 - 30 Apr 2020
0.21%
29 Feb 2020 - 31 Mar 2020
0.21%
31 Jan 2020 - 29 Feb 2020
0.21%
31 Dec 2019 - 31 Jan 2020
0.22%
30 Nov 2019 - 31 Dec 2019
0.22%
31 Oct 2019 - 30 Nov 2019
0.22%
30 Sep 2019 - 31 Oct 2019
0.24%
31 Aug 2019 - 30 Sep 2019
0.24%
31 Jul 2019 - 31 Aug 2019
0.23%
30 Jun 2019 - 31 Jul 2019
0.23%
31 May 2019 - 30 Jun 2019
0.20%
30 Apr 2019 - 31 May 2019
0.20%
31 Mar 2019 - 30 Apr 2019
0.20%
28 Feb 2019 - 31 Mar 2019
0.20%
31 Jan 2019 - 28 Feb 2019
0.20%
31 Dec 2018 - 31 Jan 2019
0.20%
30 Nov 2018 - 31 Dec 2018
0.20%
31 Oct 2018 - 30 Nov 2018
0.20%
30 Sep 2018 - 31 Oct 2018
0.15%
31 Aug 2018 - 30 Sep 2018
0.09%
31 Jul 2018 - 31 Aug 2018
0.09%
30 Jun 2018 - 31 Jul 2018
0.11%
31 May 2018 - 30 Jun 2018
0.10%
30 Apr 2018 - 31 May 2018
0.10%
31 Mar 2018 - 30 Apr 2018
0.18%
28 Feb 2018 - 31 Mar 2018
0.19%
31 Jan 2018 - 28 Feb 2018
0.19%
31 Dec 2017 - 31 Jan 2018
0.19%
30 Nov 2017 - 31 Dec 2017
0.18%
31 Oct 2017 - 30 Nov 2017
0.19%
Expense ratio, exit load and tax
Expense ratio: 0.23%
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 termsinfo
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹10,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
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
| Rank (total assets) | #12 in India |
|---|---|
| Total AUM | 71,233.36 Cr |
| Date of Incorporation | 03 Jan 1997 |
|---|
L&T Banking and PSU Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 0
L&T Banking and PSU Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 03 Jan 1997. Shriram Ramanathan, Jalpan Shah is the Current Fund Manager of L&T Banking and PSU Debt Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹71,233 Cr and the Latest NAV as of 17 Sep 2021 is ₹20.68.
The L&T Banking and PSU Debt Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 10000.
...Read more
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 Unde
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.
...Read more
| Fund benchmark | NIFTY Banking and PSU Debt TRI |
|---|
Fund house contact details
Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
Website
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
www.camsonline.comCompare funds
L&T Banking and PSU Debt Fund Direct Growth
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