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L&T Banking and PSU Debt Fund (WD)

PLAN: DT OPTIONS: DI
10.444 0 (0.04%)

NAV as on 23 Feb, 2017

CRISIL MF RANK

Not Ranked

Riskometer

N.A

N.A

FUND FAMILY : L&T Mutual Fund FUND CLASS : Ultra Short Term Debt
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ranking by CRISIL

Not Ranked

This scheme is not ranked by CRISIL (for quarter ended Dec 2016) since it does not fulfill certain eligibility criteria of CRISIL

View Top ranked funds in other categories

Close L&T Low Duration Fund - Super Institutional Plan renamed as L&T Low Duration Fund w.e.f. February 11, 2013. L&T Mutual Fund has acquire Fidelity Mutual Fund. Pursuant to this all the schemes of Fidelity Mutual Fund has been renamed to L&T Mutual Fund w.e.f. November 26, 2012. Fidelity Ultra Short Term Debt Fund has been renamed as L&T Low Duration Fund w.e.f. 26-11-2012
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Returns (NAV as on 23 Feb, 2017)

Period Returns (%) Rank #
1 mth -0.4 187
3 mth -0.3 189
6 mth 4.1 61
1 year 9.5 33
2 year 4.7 92
3 year 5.7 103
5 year 6.8 102

# Moneycontrol Rank within 206 Ultra Short Term Debt Schemes.

Absolute Returns (in %)

Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Annual
2016 0.6 -0.2 0.8 -0.2 1.4
2015 0.4 0.1 0.4 0.2 1.3
2014 0.2 0.2 0.3 0.3 1.1
2013 0.4 0.1 -0.2 0.3 0.8
2012 - -0.1 - 0.1 0.2

View where it stands within its peers

* Returns over 1 year are Annualised

* Calculation Remark - Dividends are reinvested at the rate of return

Performance

Fund returns v/s Category average (Ultra Short Term Debt)

* Returns over 1 year are Annualised
  1 mth (%) 3 mth (%) 6 mth (%) 1 yr (%) 2 yr (%) 3 yr (%) 5yr (%)
Fund Returns -0.7 -1.8 -0.4 0.6 4.7 5.7 6.8
Category avg 0.2 1.1 3.3 7.7 7.4 7.6 7.3
Difference of Fund returns and Category returns -0.9 -2.9 -3.7 -7.1 -2.7 -1.9 -0.5
Best of category 1.2 3.8 6.0 11.2 10.1 10.1 9.9
Worst of category -11.3 -10.3 -8.7 -5.1 1.4 3.8 0.1

Investment Info

Investment Objective

The investment objective of the Scheme is to seek to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India. There is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Scheme details

Fund Type Open-Ended
Investment Plan Dividend
Launch date Sep 09, 0007
Benchmark CRISIL Liquid Fund
Asset Size (Rs cr) 62.89 (Dec-31-2016)
Minimum Investment Rs.5000
Last Dividend Rs.0.02 (Aug-16-2016)
Bonus N.A.
Fund Manager Jalpan Shah
View performance of schemes managed by the Fund Manager
Notes L&T Low Duration Fund - Super Institutional Plan renamed as L&T Low Duration Fund w.e.f. February 11, 2013. L&T Mutual Fund has acquire Fidelity Mutual Fund. Pursuant to this all the schemes of Fidelity Mutual Fund has been renamed to L&T Mutual Fund w.e.f. November 26, 2012. Fidelity Ultra Short Term Debt Fund has been renamed as L&T Low Duration Fund w.e.f. 26-11-2012

Load Details

Entry Load N.A
Exit Load 0.00%
Load Comments N.A.

Contact Details

Regd. Office 6th Floor, Mafatlal Centre Nariman Point Mumbai, 400021
Tel. No. 022 - 66554000
Fax No. 022 66554200
Email investor.line@fidelity.co.in
Website http://www.lntmf.com

Peer Comparison

Ultra Short Term Debt Crisil Rank Assets (Rs.cr)
3mth (%) 6mth (%) 1yr (%) 3yr (%) 5yr (%)
ICICI Pru Flexi Income (G) Rank 2
11,298.67 1.4 4.2 9.4 9.1 9.3
SBI SHDF - USTF - IP (G) Not Ranked
122.53 1.5 3.7 8.4 8.7 8.9
SBI Ultra Short Term Bond - RP (G) Rank 2
2,379.49 1.5 3.7 8.4 8.7 8.8
UTI Treasury Advtg - RP (G) Not Ranked
53.52 1.5 3.9 8.6 8.5 8.7
Reliance Money Mgr -Direct (G) Not Ranked
9,780.72 1.5 3.9 9.0 9.0 --
* Returns over 1 year are Annualised More »

Portfolio

Top Holdings (Jan 31, 17)

Debt Rating Value
(Rs cr)
Asset %
National Highways Authority of India CRISIL AAA 100.61 8.66
Small Industries Development Bank of India CARE AAA 76.93 6.62
National Bank for Agriculture & Rural Development CRISIL AAA 51.96 4.47
NHPC Limited CARE AAA 42.01 3.61
Power Grid Corporation of India Limited CRISIL AAA 41.64 3.58
NTPC Limited CRISIL AAA 41.58 3.58
Export-Import Bank of India CRISIL AAA 37.61 3.24
Rural Electrification Corporation Limited CRISIL AAA 35.09 3.02
Indian Railway Finance Corporation Limited CRISIL AAA 32.32 2.78
NTPC Limited CRISIL AAA 31.73 2.73

Full Portfolio

Sector Allocation (Jan 31, 17)

Sector %

1-Year

HighLow

No Sector Data Available

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Asset Allocation (%)(Jan 31, 17)

Equity 0.00
Others 0.00
Debt 77.26
Mutual Funds N.A
Money Market 18.17
Cash / Call 4.57

View All

Concentration

Holdings (%)
Top 5 26.94
Top 10 42.29
Sector (%)
Top 3 N.A.

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