- Mutual Funds
- L&T Mutual Fund
- L&T Banking & PSU Debt fund of (RIDCW-M)
Formerly L&T Bkg & PSU Debt Mn DR
L&T Banking & PSU Debt fund of (RIDCW-M)
₹ 10.8513
NAV (Aug 05)
However, Scripbox does not recommend investing in banking and psu mutual funds.
Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.
They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.
The category accounts for close to 8% of the total assets in the Debt Segment.
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Scripbox Recommended Debt Funds
Want the floating rate funds that are right for your short term investment needs?
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Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 10.8513
NAV (Aug 5)
Fund Returns
Last 1Y | 1.1% |
Last 3Y | 5.2% |
Last 5Y | 5.2% |
Last 10Y | 5.8% |
Since Inception | 3.8% |
6 Month CAGR | 0.2% |
Scheme Information
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.
Expense Ratio | 0.61 |
Launched (15y ago) | Sep 20, 2007 |
AUM in Crores | 4424.130 |
ISIN | INF677K01AJ6 |
Lock-in | No Lock-in |
Benchmark | NIFTY Banking & PSU Debt TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 10000 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Instrument | Returns | Total Corpus | Gains | Annualised % |
|---|---|---|---|---|
| Mutual Fund | 965,796 | 233,184 | 11.25% | |
| EPF | 900,761 | 168,149 | 8.50% | |
| Property | 867,662 | 135,050 | 7.00% | |
| PPF | 869,819 | 137,207 | 7.10% | |
| Bank FD | 846,471 | 113,859 | 6.00% | |
| Gold | 846,471 | 113,859 | 6.00% | |
| Savings Bank | 825,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
5.74% govt stock 2026
13%5.63% govt stock 2026
11.3%national bank for agriculture and rural development
9%small industries development bank of india
8.9%power finance corporation ltd.
7%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 49,911 cr | ||
₹ 14,870 cr | ||
₹ 15,889 cr | ||
₹ 14,702 cr | ||
₹ 49,911 cr |
About the AMC
L&T Investment Management Ltd
L&T Investment Management Ltd manages assets worth 72,101 crores and was set up on 25 April 1996. It's current offering of mutual fund schemes includes 36 equity,71 debt and 24 hybrid funds.
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.1% | 5.7% | ||
3.9% | 5% | ||
6.6% | 6.9% | ||
3.9% | 5.1% | ||
3.9% | 5.1% |
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsL&T Banking & PSU Debt fund of (RIDCW-M) Review
L&T Banking & PSU Debt fund of (RIDCW-M) is a Banking And Psu Debt fund and has delivered an annualised return of 3.8% over a period of 14 years. The fund was previously known as L&T Bkg & PSU Debt Mn DR. The fund is managed by L&T Investment Management Ltd. The fund managers are Jalpan Shah, Shriram Ramanathan.
Nav of L&T Banking & PSU Debt fund of (RIDCW-M) as of 8/5/2022 is ₹10.85 with the total AUM as of 8/6/2022 is ₹4424.13. With Scripbox you can compare and check the latest nav for all mutual funds in India. L&T Banking & PSU Debt fund of (RIDCW-M) was launched on Sep 20, 2007. The category risk of the fund is Moderate Risk.
The minimum SIP amount for L&T Banking & PSU Debt fund of (RIDCW-M) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹10000. Check your estimated returns on mutual funds by using sip calculator.
L&T Banking & PSU Debt fund of (RIDCW-M) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to NIFTY Banking & PSU Debt TR INR.
L&T Banking & PSU Debt fund of (RIDCW-M) is rated as a 2 fund in Debt and delivered 1.1% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with L&T Banking & PSU Debt fund of (RIDCW-M).
Frequently Asked Questions
What is L&T Banking & PSU Debt fund of (RIDCW-M)?
How to invest in L&T Banking & PSU Debt fund of (RIDCW-M)?
You can invest in L&T Banking & PSU Debt fund of (RIDCW-M) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of L&T Banking & PSU Debt fund of (RIDCW-M)?
The minimum sip amount for L&T Banking & PSU Debt fund of (RIDCW-M) is ₹1000. You can invest in multiples of ₹10000.
Is L&T Banking & PSU Debt fund of (RIDCW-M) good to invest in?
As per Scripbox experts, L&T Banking & PSU Debt fund of (RIDCW-M) is a Neutral fund. You can investL&T Banking & PSU Debt fund of (RIDCW-M) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the L&T Banking & PSU Debt fund of (RIDCW-M)?
The expense ratio of the L&T Banking & PSU Debt fund of (RIDCW-M) is 0.61% for regular plan.