Name: L&T Banking and PSU Debt Fund Direct IDCW Monthly
Brand: L&T Mutual Fund

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L&T Banking and PSU Debt Fund Direct IDCW Monthly
Debt
Banking and PSU
Low to Moderate Risk
Payout
8.48%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 14 Oct 2021₹11.73
Min. SIP amount₹1,000
Rating3star
Fund size₹4,963.00 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns4.5%8.5%7.7%8.3%
Category average4.4%8.4%7.7%NA
Rank with in category111310NA
Understand termsinfo
Holdings (40)NameSectorInstrumentAssets
GOI
SovereignGOI Sec8.3%
GOI
SovereignGOI Sec8.2%
NTPC Ltd.
EnergyDebenture6.3%
Indian Oil Corporation Ltd.
EnergyDebenture5.6%
Indian Railway Finance Corporation Ltd.
FinancialDebenture5.1%
National Housing Bank
FinancialDebenture4.9%
HDFC Bank Ltd.
FinancialCD4.7%
National Bank For Agriculture & Rural Development
FinancialNCD4.5%
National Bank For Agriculture & Rural Development
FinancialDebenture4.0%
Export-Import Bank Of India
FinancialCD3.9%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Banking and PSU
thumb_up_altPros
1Y and 3Y annualised returns higher than category average
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
thumb_down_altCons
5Y annualised returns lower than category average by 0.09%
Understand termsExpense ratioA 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.
TaxA 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 loadA 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 dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.23%
31 Aug 2021 - 30 Sep 2021
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 taxExpense ratio: 0.23%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹10,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementShriram Ramanathan
Apr 2017 - Present
View details
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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
L&T Triple Ace Bond Growth
L&T Triple Ace Bond IDCW Quarterly
L&T Triple Ace Bond IDCW Half Yearly
L&T Triple Ace Bond Bonus
L&T Ultra Short Term Fund Regular Growth
L&T Ultra Short Term Fund Growth
L&T Ultra Short Term Fund IDCW Weekly
L&T Ultra Short Term Fund IDCW Daily
L&T Gilt Fund IDCW Quarterly
L&T Gilt Fund Growth
L&T Liquid IDCW Daily
L&T Liquid Plan Growth
L&T Liquid Plan IDCW Weekly
L&T Ultra Short Term Fund Regular IDCW Half Yearly
L&T Ultra Short Term Fund IDCW Monthly
L&T Credit Risk Fund Retail Bonus
L&T Credit Risk Fund IDCW Monthly
L&T Credit Risk Fund Growth
L&T Money Market Fund Growth
L&T Money Market Fund IDCW Daily
L&T Money Market Fund IDCW Weekly
L&T Money Market Fund IDCW Monthly
L&T Short Term Bond Fund Bonus
L&T Short Term Bond Fund IDCW
L&T Short Term Bond Fund IDCW Quarterly
L&T Short Term Bond Fund Growth
L&T Ultra Short Term Fund Regular IDCW Daily
L&T Flexi Bond Fund Growth
L&T Flexi Bond Fund IDCW Monthly
L&T Overnight Fund IDCW Daily
L&T Overnight Fund Growth
L&T Overnight Fund IDCW Weekly
L&T Overnight Fund IDCW Monthly
L&T Banking and PSU Debt Fund IDCW Daily
L&T Banking and PSU Debt Fund IDCW Weekly
L&T Banking and PSU Debt Fund Growth
L&T Banking and PSU Debt Fund IDCW Monthly
L&T Low Duration Fund Growth
L&T Low Duration Fund IDCW
L&T Hybrid Equity Fund Growth
L&T Hybrid Equity Fund IDCW
L&T Overnight Fund Direct IDCW Monthly
L&T Overnight Fund Direct Growth
L&T Overnight Fund Direct IDCW Daily
L&T Overnight Fund Direct IDCW Weekly
L&T Hybrid Equity Fund Direct Growth
L&T Hybrid Equity Fund Direct IDCW
L&T Gilt Fund Direct Growth
L&T Gilt Fund Direct IDCW Quarterly
L&T Flexi Bond Fund Direct IDCW Monthly
L&T Flexi Bond Fund Direct Growth
L&T Money Market Fund Direct IDCW Monthly
L&T Money Market Fund Direct IDCW Weekly
L&T Money Market Fund Direct Growth
L&T Money Market Fund Direct IDCW Daily
L&T Credit Risk Fund Direct IDCW Monthly
L&T Credit Risk Fund Direct Growth
L&T Liquid Plan Direct Growth
L&T Liquid Plan Direct IDCW Daily
L&T Banking and PSU Debt Fund Direct IDCW Monthly
L&T Banking and PSU Debt Fund Direct Growth
L&T Banking and PSU Debt Fund Direct IDCW Daily
L&T Banking and PSU Debt Fund Direct IDCW Weekly
L&T Low Duration Fund Direct IDCW
L&T Low Duration Fund Direct Growth
L&T Triple Ace Bond Direct Growth
L&T Triple Ace Bond Direct IDCW Half yearly
L&T Triple Ace Bond Direct IDCW Quarterly
L&T Ultra Short Term Fund Direct IDCW daily
L&T Ultra Short Term Fund Direct Growth
L&T Ultra Short Term Fund Direct IDCW weekly
L&T Ultra Short Term Fund Direct IDCW monthly
L&T Short Term Bond Fund Direct Growth
L&T Short Term Bond Fund Direct IDCW
L&T Short Term Bond Fund Direct IDCW Quarterly
L&T Liquid Plan Direct IDCW Weekly
L&T Liquid Plan Bonus
L&T Ultra Short Term Fund Direct Bonus
L&T Ultra Short Term Fund Bonus
L&T Resurgent India Bond Fund Direct Growth
L&T Resurgent India Bond Fund Regular IDCW
L&T Resurgent India Bond Fund Direct IDCW
L&T Resurgent India Bond Fund Regular Growth
L&T Hybrid Equity Fund IDCW Yearly
L&T Hybrid Equity Fund Direct IDCW Yearly
L&T Credit Risk Fund IDCW Yearly
L&T Credit Risk Fund Direct IDCW Yearly
L&T Flexi Bond Fund Direct IDCW Yearly
L&T Flexi Bond Fund IDCW Yearly
L&T Short Term Bond Fund Direct IDCW Yearly
L&T Short Term Bond Fund IDCW Yearly
L&T Low Duration Fund Direct IDCW Yearly
L&T Low Duration Fund IDCW Yearly
L&T Triple Ace Bond Direct IDCW Yearly
L&T Triple Ace Bond IDCW Yearly
L&T Resurgent India Bond Fund Direct IDCW Yearly
L&T Resurgent India Bond Fund Regular IDCW Yearly
L&T FMP Series XIV Scheme C (1150 Days) Regular Growth
L&T FMP Series XVI Plan A (1223 Days) Direct Growth
L&T FMP Series XVI Plan A (1223 Days) Regular Growth
L&T FMP Series XVI Plan A (1223 Days) Direct IDCW
L&T FMP Series XVII Plan B (1452 Days) Regular Growth
L&T FMP Series XVII Plan C (1114 Days) Direct IDCW
L&T FMP Series XVII Plan C (1114 Days) Regular Growth
L&T FMP Series XVIII Plan C (1178 Days) Direct Growth
L&T FMP Series XVIII Plan C (1178 Days) Regular Growth
Jalpan Shah
May 2016 - Present
View details
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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
L&T Triple Ace Bond Growth
L&T Triple Ace Bond IDCW Quarterly
L&T Triple Ace Bond IDCW Half Yearly
L&T Triple Ace Bond Bonus
L&T Ultra Short Term Fund Regular Growth
L&T Ultra Short Term Fund Growth
L&T Ultra Short Term Fund IDCW Weekly
L&T Ultra Short Term Fund IDCW Daily
L&T Gilt Fund IDCW Quarterly
L&T Gilt Fund Growth
L&T Liquid IDCW Daily
L&T Liquid Plan Growth
L&T Liquid Plan IDCW Weekly
L&T Ultra Short Term Fund Regular IDCW Half Yearly
L&T Ultra Short Term Fund IDCW Monthly
L&T Conservative Hybrid Fund Growth
L&T Conservative Hybrid Fund IDCW Monthly
L&T Conservative Hybrid Fund IDCW Quarterly
L&T Credit Risk Fund Retail Bonus
L&T Credit Risk Fund IDCW Monthly
L&T Credit Risk Fund Growth
L&T Money Market Fund Growth
L&T Money Market Fund IDCW Daily
L&T Money Market Fund IDCW Weekly
L&T Money Market Fund IDCW Monthly
L&T Equity Savings Fund IDCW Monthly
L&T Equity Savings Fund IDCW Quarterly
L&T Equity Savings Fund Growth
L&T Short Term Bond Fund Bonus
L&T Short Term Bond Fund IDCW
L&T Short Term Bond Fund IDCW Quarterly
L&T Short Term Bond Fund Growth
L&T Ultra Short Term Fund Regular IDCW Daily
L&T Flexi Bond Fund Growth
L&T Flexi Bond Fund IDCW Monthly
L&T Overnight Fund IDCW Daily
L&T Overnight Fund Growth
L&T Overnight Fund IDCW Weekly
L&T Overnight Fund IDCW Monthly
L&T Banking and PSU Debt Fund IDCW Daily
L&T Banking and PSU Debt Fund IDCW Weekly
L&T Banking and PSU Debt Fund Growth
L&T Banking and PSU Debt Fund IDCW Monthly
L&T Low Duration Fund Growth
L&T Low Duration Fund IDCW
L&T Balanced Advantage Fund IDCW
L&T Balanced Advantage Fund Growth
L&T Overnight Fund Direct IDCW Monthly
L&T Overnight Fund Direct Growth
L&T Overnight Fund Direct IDCW Daily
L&T Overnight Fund Direct IDCW Weekly
L&T Balanced Advantage Fund Direct IDCW
L&T Balanced Advantage Fund Direct Growth
L&T Gilt Fund Direct Growth
L&T Gilt Fund Direct IDCW Quarterly
L&T Flexi Bond Fund Direct IDCW Monthly
L&T Flexi Bond Fund Direct Growth
L&T Money Market Fund Direct IDCW Monthly
L&T Money Market Fund Direct IDCW Weekly
L&T Money Market Fund Direct Growth
L&T Money Market Fund Direct IDCW Daily
L&T Credit Risk Fund Direct IDCW Monthly
L&T Credit Risk Fund Direct Growth
L&T Liquid Plan Direct Growth
L&T Liquid Plan Direct IDCW Daily
L&T Banking and PSU Debt Fund Direct IDCW Monthly
L&T Banking and PSU Debt Fund Direct Growth
L&T Banking and PSU Debt Fund Direct IDCW Daily
L&T Banking and PSU Debt Fund Direct IDCW Weekly
L&T Equity Savings Fund Direct IDCW Quarterly
L&T Equity Savings Fund Direct Growth
L&T Equity Savings Fund Direct IDCW Monthly
L&T Low Duration Fund Direct IDCW
L&T Low Duration Fund Direct Growth
L&T Triple Ace Bond Direct Growth
L&T Triple Ace Bond Direct IDCW Half yearly
L&T Triple Ace Bond Direct IDCW Quarterly
L&T Ultra Short Term Fund Direct IDCW daily
L&T Ultra Short Term Fund Direct Growth
L&T Ultra Short Term Fund Direct IDCW weekly
L&T Ultra Short Term Fund Direct IDCW monthly
L&T Conservative Hybrid Fund Direct Growth
L&T Conservative Hybrid Fund Direct IDCW Monthly
L&T Conservative Hybrid Fund Direct IDCW Quarterly
L&T Short Term Bond Fund Direct Growth
L&T Short Term Bond Fund Direct IDCW
L&T Short Term Bond Fund Direct IDCW Quarterly
L&T Liquid Plan Direct IDCW Weekly
L&T Liquid Plan Bonus
L&T Ultra Short Term Fund Direct Bonus
L&T Ultra Short Term Fund Bonus
L&T Arbitrage Opportunities Fund Regular Growth
L&T Arbitrage Opportunities Fund Direct IDCW Monthly
L&T Arbitrage Opportunities Fund Direct IDCW Quarterly
L&T Arbitrage Opportunities Fund Regular IDCW Quarterly
L&T Arbitrage Opportunities Fund Direct Growth
L&T Arbitrage Opportunities Fund Regular Bonus
L&T Arbitrage Opportunities Fund Regular IDCW Monthly
L&T Arbitrage Opportunities Fund Direct Bonus
L&T Resurgent India Bond Fund Direct Growth
L&T Resurgent India Bond Fund Regular IDCW
L&T Resurgent India Bond Fund Direct IDCW
L&T Resurgent India Bond Fund Regular Growth
L&T Credit Risk Fund IDCW Yearly
L&T Credit Risk Fund Direct IDCW Yearly
L&T Flexi Bond Fund Direct IDCW Yearly
L&T Flexi Bond Fund IDCW Yearly
L&T Short Term Bond Fund Direct IDCW Yearly
L&T Short Term Bond Fund IDCW Yearly
L&T Low Duration Fund Direct IDCW Yearly
L&T Low Duration Fund IDCW Yearly
L&T Triple Ace Bond Direct IDCW Yearly
L&T Triple Ace Bond IDCW Yearly
L&T Resurgent India Bond Fund Direct IDCW Yearly
L&T Resurgent India Bond Fund Regular IDCW Yearly
L&T FMP Series XIV Scheme C (1150 Days) Regular Growth
L&T FMP Series XVI Plan A (1223 Days) Direct Growth
L&T FMP Series XVI Plan A (1223 Days) Regular Growth
L&T FMP Series XVI Plan A (1223 Days) Direct IDCW
L&T FMP Series XVII Plan B (1452 Days) Regular Growth
L&T FMP Series XVII Plan C (1114 Days) Direct IDCW
L&T FMP Series XVII Plan C (1114 Days) Regular Growth
L&T FMP Series XVIII Plan C (1178 Days) Direct Growth
L&T FMP Series XVIII Plan C (1178 Days) Regular Growth
Fund house & investment objective
keyboard_arrow_down
L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM71,233.36 Cr
Date of Incorporation03 Jan 1997
L&T Banking and PSU Debt Fund Direct IDCW Monthly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investor
L&T Banking and PSU Debt Fund Direct IDCW Monthly 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 IDCW Monthly fund. The fund currently has an Asset Under Management(AUM) of ₹71,233 Cr and the Latest NAV as of 14 Oct 2021 is ₹11.73.
The L&T Banking and PSU Debt Fund Direct IDCW Monthly 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 benchmarkNIFTY Banking and PSU Debt TRI
descriptionScheme Information Document(SID)
Fund house contact details
keyboard_arrow_down
Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
E-mail
[email protected]
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.com
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	1Y	3Y	5Y	All
Fund returns	4.5%	8.5%	7.7%	8.3%
Category average	4.4%	8.4%	7.7%	NA
Rank with in category	11	13	10	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	8.3%
GOI	Sovereign	GOI Sec	8.2%
NTPC Ltd.	Energy	Debenture	6.3%
Indian Oil Corporation Ltd.	Energy	Debenture	5.6%
Indian Railway Finance Corporation Ltd.	Financial	Debenture	5.1%
National Housing Bank	Financial	Debenture	4.9%
HDFC Bank Ltd.	Financial	CD	4.7%
National Bank For Agriculture & Rural Development	Financial	NCD	4.5%
National Bank For Agriculture & Rural Development	Financial	Debenture	4.0%
Export-Import Bank Of India	Financial	CD	3.9%

Min. for 1st investment	₹10,000
Min. for 2nd investment onwards	₹1,000

Rating	3
Fund size	₹4,963.00 Cr

Rank (total assets)	#12 in India
Total AUM	71,233.36 Cr