Groww Logo
Home>Mutual Funds>L&T Mutual Fund>L&T Banking and PSU Debt Fund Direct Growth

L&T Banking and PSU Debt Fund Direct Growth

Debt
Banking and PSU
Low to Moderate Risk
7.91%
3Y annualised
-0.11% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 Jan 2022₹20.83
Min. SIP amount₹1,000
Rating3
Fund size₹3,434.86Cr

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.0%7.9%7.2%8.1%
Category average4.4%8.4%7.7%NA
Rank with in category151312NA
Understand terms

Holdings (37)

NameSectorInstrumentAssets
EnergyDebenture9.6%
EnergyDebenture8.5%
GOI
SovereignCGL6.8%
FinancialDebenture6.8%
National Housing Bank
FinancialDebenture6.7%
SovereignGOI Sec6.0%
Export-Import Bank Of India
FinancialCD5.9%
National Bank For Agriculture & Rural Development
FinancialNCD5.3%
FinancialDebenture4.4%
FinancialDebenture3.7%
See All

Pros and cons

Category: Debt Banking and PSU

Pros

Exit load is zero
Lower expense ratio: 0.23%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y

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 terms
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
Jalpan Shah
May 2016 - Present
View details

Fund house & investment objective

Fund house contact details

Compare funds

L&T Banking and PSU Debt Fund Direct Growth
VS
Add mutual fund to compare

FAQs

How to Invest in L&T Banking and PSU Debt Fund Direct Growth
What kind of returns does L&T Banking and PSU Debt Fund Direct Growth provide?
How much expense ratio is charged by L&T Banking and PSU Debt Fund Direct Growth?
What is the AUM of L&T Banking and PSU Debt Fund Direct Growth?
How to Redeem L&T Banking and PSU Debt Fund Direct Growth?
Can I invest in SIP and Lump Sum of L&T Banking and PSU Debt Fund Direct Growth?
What is the NAV of L&T Banking and PSU Debt Fund Direct Growth?
What is the PE and PB ratio of L&T Banking and PSU Debt Fund Direct Growth?
Loading...
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 2.1.6
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI