| NAV: 01 Jul 2022 | ₹11.25 |
| Min. SIP amount | ₹1,000 |
| Rating | 3 |
| Fund size | ₹4,381.33Cr |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 1.0% | 6.2% | 6.5% | 7.6% |
| Category average | 4.4% | 8.4% | 7.7% | NA |
| Rank with in category | 21 | 14 | 13 | NA |
Holdings (34)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 13.6% |
GOI | Sovereign | GOI Sec | 11.4% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 9.2% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 9.1% |
| Power Finance Corporation Ltd. | Financial | NCD | 7.1% |
| Indian Oil Corporation Ltd. | Energy | Debenture | 6.4% |
| REC Ltd. | Financial | Debenture | 4.0% |
| Indian Railway Finance Corporation Ltd. | Financial | Debenture | 3.7% |
REC Ltd. | Financial | NCD | 3.0% |
GOI | Sovereign | GOI Sec | 2.9% |
Pros and cons
Pros
Cons
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.
Minimum investment amounts
| Min. for 1st investment | ₹10,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Shriram RamanathanApr 2017 - PresentView details
Jalpan ShahMay 2016 - PresentView details
Fund house & investment objective
Fund house contact details
Compare funds
FAQs
How to Invest in L&T Banking and PSU Debt Fund Direct IDCW Monthly?
You can easily invest in L&T Banking and PSU Debt Fund Direct IDCW Monthly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:
- Log on to your Groww account
- Search for L&T Banking and PSU Debt Fund Direct IDCW Monthly from the search box
- In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
- Once you are done with that, you can start investing in L&T Banking and PSU Debt Fund Direct IDCW Monthly as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does L&T Banking and PSU Debt Fund Direct IDCW Monthly provide?
The L&T Banking and PSU Debt Fund Direct IDCW Monthly has been there from 01 Jan 2013 and the average annual returns provided by this fund is 0.98% since its inception.
How much expense ratio is charged by L&T Banking and PSU Debt Fund Direct IDCW Monthly?
The term
Expense Ratio used for L&T Banking and PSU Debt Fund Direct IDCW Monthly or any other mutual fund is the annual
charges one needs to pay to the Mutual Fund company for managing your investments in that fund.
The Expense Ratio of L&T Banking and PSU Debt Fund Direct IDCW Monthly is 0.23% as of 03 Jul 2022...
What is the AUM of L&T Banking and PSU Debt Fund Direct IDCW Monthly?
The AUM, short for Assets Under Management of L&T Banking and PSU Debt Fund Direct IDCW Monthly is ₹4,381.33Cr as of 03 Jul 2022.
How to Redeem L&T Banking and PSU Debt Fund Direct IDCW Monthly?
If you want to sell your L&T Banking and PSU Debt Fund Direct IDCW Monthly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of L&T Banking and PSU Debt Fund Direct IDCW Monthly?
What is the NAV of L&T Banking and PSU Debt Fund Direct IDCW Monthly?
The NAV of L&T Banking and PSU Debt Fund Direct IDCW Monthly is ₹11.25 as of 01 Jul 2022.
