Fund Details
L&T Banking and PSU Debt Fund Direct Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.23% |
| NAV | ₹20.37 (22 Jun 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹4,804 Cr |
Returns
Comparison
1. Lower expense ratio - 0.23%
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
4. Exit load is zero
1. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 11.1% |
| GOI | Sovereign | GOI Sec | 8.7% |
| National Thermal Power Corp. Ltd. | Energy | Debenture | 6.7% |
| Indian Oil Corpn. Ltd. | Energy | Debenture | 5.9% |
| National Bank For Agriculture & Rural Development | Financial | NCD | 5.7% |
| Indian Railway Finance Corpn. Ltd. | Financial | Debenture | 5.4% |
| National Housing Bank | Financial | Debenture | 5.2% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 4.2% |
| Export-Import Bank Of India | Financial | CD | 4.1% |
| Hindustan Petroleum Corpn. Ltd. | Energy | Debenture | 4.0% |
Fund Managers
L&T Banking and PSU Debt Fund Direct Growth Details
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 01 Jan 2013. 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 ₹4,804 Cr and the Latest NAV as of 22 Jun 2021 is ₹20.37.
The L&T Banking and PSU Debt Fund Direct Growth 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.
