L&T Mutual Fund
L&T Mutual Fund

L&T Banking and PSU Debt Fund

L&T Banking and PSU Debt Fund - Fund Facts
Fund objective
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.
Inception date
September 20, 2007
Fund Managers
Mr. Jalpan Shah
Benchmark index
CRISIL Short Term Bond Fund Index
Plans Offered
Super Institutional
SIP availability
Yes
Options
The Scheme offers Growth option and Dividend option. The Dividend option offers dividend payout and dividend reinvestment facilities.
Minimum Investment
Rs. 10000 per application
Daily Dividend Reinvestment Plan: A minimum of Rs. 1000/- per application and in multiples of Re. 1/- thereafter.

For SIP: Rs. 6,000 (minimum single investment Rs. 1000, minimum 6 cheques)
Minimum Additional Application amount
Rs 1000 per application and thereafter in multiples of Re.1
Entry Load

NIL

Exit Load

NIL

Annual Recurring Expenses (as on 31st March, 2017)
0.57%
Annual Recurring Expenses for Direct Plan (as on 31st March, 2017)
0.18%
Note:
The above ratio includes 20 bps of additional expenses.
Apart from the above-mentioned expenses, additional expenses of up to 0.30% of daily net assets of the scheme, in compliance with the conditions prescribed and service tax on investment management fees are also being charged.
Fund Ratings
Dividend History
Click here to view dividend history.
L&T Banking and PSU Debt Fund - Overview
The L&T Banking and PSU Debt Fund helps you ride out rising interest rates by providing reasonable returns in the short term. Its Credit Risk Rating is mfA1+, the highest credit quality short-term rating assigned by ICRA to debt funds^.

L&T Banking and PSU Debt Fund - Features
Investment Style Details
Scheme Classification
An Open Ended Income Scheme
Investment Objective
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.
This product is suitable for investors who are seeking*
  • Generation of reasonable returns and liquidity over short term
  • Investment primarily in securities issued by Banks, Public Sector Undertakings and Public Financial Institutions in India
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Asset Allocation pattern

Under normal circumstances, it is anticipated that the asset allocation shall be as follows:

Instruments Indicative Allocation (% of net assets) Risk Profile
  Maximum Minimum  
Debt and money market instruments/securities issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) 100% 80% Low to Medium
Debt and money market instruments/securities issued by other entities* 20% 0% Low to Medium
*includes investments in Treasury bills and instruments/ securities issued by the Central Government and State Government.

Terms of issue
Minimum purchase amount
Rs. 10,000 per application.
Minimum additional purchase amount Rs. 1,000 per application.
Minimum redemption amount/units Rs.500/50 units.
Scheme Information Document, Key Information Memorandum and Application Forms/Transaction Slips available at the ISCs/distributors'offices.

Statutory
L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Holding Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T lnvestment Management Limited as the Investment Manager.
Loads
Entry
NIL
Exit
NIL
General Services

Investors can contact any of the ISCs at its toll-free number "1800 2000 400". NAVs will be calculated on every business day and published in two daily newspapers on all Business Days. Purchase/Redemption on all Business Days.

Risk factors

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

L&T Banking and PSU Debt Fund - How to Invest
To invest online

Click here to invest online instantly*.


In case you require any more information on investing in the L&T Banking and PSU Debt Fund, please call our toll-free Investor Line on 1800 2000 400 between 9am to 6pm on any business day.
To invest offline

Click here to download the KIM and Application form.
Or
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.
L&T Banking and PSU Debt Fund - Downloads