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    • L&T Banking & PSU Debt fund (Growth)

    Formerly Fidelity US/T Debt Sup Instl Gr

    L&T Mutual Fund

    L&T Banking & PSU Debt fund (Growth)

    DebtBanking And Psu

    19.9174

    NAV (Sep 15)

    8.3%
    3 Year CAGR
    Scripbox Opinion

    Neutral

    Click here for top ranked funds in banking and psu mutual funds.

    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.

    Our analysis of this fundLearn how we rate funds ->

    Track Record

    14 Years. The Fund has Sufficient history for analysis and the track record is good.

    Relative Size

    5,165 Cr. Large within the category

    Impact of Interest Rate Changes

    High Interest Rate Risk. The impact on fund value is high when interest rates change

    Credit Quality Of Fund's Portfolio

    Moderate Credit Risk. The fund has a moderate credit quality compared to other debt funds

    Invest in this fund
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    Short Term Money

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    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
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      No Lock-in
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      Expert Investing Only, Car, Down Payment

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    Historical NAV

    19.9174

    NAV (Sep 15)

    Fund Returns

    5.5%
    Last 1Y
    8.3%
    Last 3Y
    7.5%
    Last 5Y
    4.2%
    Last 10Y
    5%
    Since Inception
    info-icon-blue

    Scheme Information

    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.There is no assurance that the investment objective of the scheme will be realized.

    Low

    Low to Moderate

    Moderate

    Moderately High

    High

    Very High

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    Low to Moderate Risk

    Expense Ratio
    0.61 %
    Launched (14y ago)
    Sep 20, 2007
    AUM in Crores
    ₹ 5,165
    ISIN
    INF677K01AE7
    Lock-in
    No Lock-in
    Benchmark
    NIFTY Banking & PSU Debt TR INR
    SIP Minimum
    ₹ 1,000
    Lumpsum Min.
    ₹ 10,000
    Fund Managers
    user-avatar

    Jalpan Shah

    Fund Manager

    user-avatar

    Shriram Ramanathan

    Fund Manager

    calculator

    Returns Calculator Comparison

    of

    for

    with step up of

    InstrumentReturnsTotal CorpusGainsAnnualised %
    Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
    EPF70% ₹ 900,761 ₹ 168,1498.50%
    Property70% ₹ 867,662 ₹ 135,0507.00%
    PPF70% ₹ 869,819 ₹ 137,2077.10%
    Bank FD70% ₹ 846,471 ₹ 113,8596.00%
    Gold70% ₹ 846,471 ₹ 113,8596.00%
    Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

    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.

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    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • Inflation beating returns
      Inflation beating returns
    • Expert Investing Only, Car, Down Payment
      Expert Investing Only, Car, Down Payment
    • One click investing  tracking
      One click investing tracking
    comparison

    Comparison with Debt Funds

    Kotak Savings Fund (G)

    Kotak Savings Fund (G)

    Ultra Short

    Recommended

    Top Ranked

    17 Years

    Age

    5

    Track Record

    Aditya Birla Sun Life Liquid (G)

    Aditya Birla Sun Life Liquid (G)

    Liquid

    Recommended

    Top Ranked

    17 Years

    Age

    5

    Track Record

    SBI Magnum Ultra Short Duration Fund (G)

    SBI Magnum Ultra Short Duration Fund (G)

    Ultra Short

    Recommended

    Top Ranked

    22 Years

    Age

    5

    Track Record

    Nippon India Liquid Fund (G)

    Nippon India Liquid Fund (G)

    Liquid

    Recommended

    Top Ranked

    18 Years

    Age

    5

    Track Record

    ICICI Prudential Savings Fund (G)

    ICICI Prudential Savings Fund (G)

    Low Duration

    Recommended

    Top Ranked

    19 Years

    Age

    5

    Track Record

    amc-icon

    About the AMC

    L&T Investment Management Ltd

    L&T Investment Management Ltd manages assets worth 81,320 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.

    amc-img

  • tel-amc-about
    022-66554000
  • mail-amc-about
    investor.line@lntmf.co.in
  • L&T Triple Ace Bond Fund (G)

    L&T Triple Ace Bond Fund (G)

    Corporate Bond

    Top Ranked

    ₹ 8,302 Cr

    Fund Size

    10.80%

    3 Year CAGR

    3 Y CAGR

    L&T Overnight Fund (G)

    L&T Overnight Fund (G)

    Overnight

    Top Ranked

    ₹ 1,625 Cr

    Fund Size

    4.00%

    3 Year CAGR

    3 Y CAGR

    L&T India Large Cap Fund (G)

    L&T India Large Cap Fund (G)

    Large Cap

    Top Ranked

    ₹ 731 Cr

    Fund Size

    13.40%

    5 Year CAGR

    5 Y CAGR

    L&T Ultra Short Term Fund (G)

    L&T Ultra Short Term Fund (G)

    Ultra Short

    Top Ranked

    ₹ 2,460 Cr

    Fund Size

    6.00%

    3 Year CAGR

    3 Y CAGR

    L&T Short Term Bond Fund (G)

    L&T Short Term Bond Fund (G)

    Short Term

    Top Ranked

    ₹ 4,684 Cr

    Fund Size

    8.10%

    3 Year CAGR

    3 Y CAGR

    growth

    Short Term Money

    Invest in a scientifically curated set of debt mutual funds which are best aligned towards achieving any short term objectives you may have.

    • graph-icon-gray
      Historical growth rate of 6.5% per annum
    • graph-icon-gray
      Recommended Duration 1 - 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Expert Investing Only, Car, Down Payment
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Kotak Savings Fund (Growth)

    Kotak Savings Fund (Growth)

    Debt

    Ultra Short

    ICICI Prudential Savings Fund (Growth)

    ICICI Prudential Savings Fund (Growth)

    Debt

    Low Duration

    Tata Liquid Fund (Growth)

    Tata Liquid Fund (Growth)

    Debt

    Liquid

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Impact of Interest Rates

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    About L&T Banking & PSU Debt fund (G)

    About L&T Banking & PSU Debt fund (G)

    L&T Banking & PSU Debt fund (G) is a Banking And Psu Debt fund and has delivered an annualised return of 5% over a period of 13 years. The fund was previously known as Fidelity US/T Debt Sup Instl Gr . The fund is managed by L&T Investment Management Ltd. The fund managers are Jalpan Shah, Shriram Ramanathan

    L&T Banking & PSU Debt fund (G) 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.There is no assurance that the investment objective of the scheme will be realized. . However, there is no assurance that the objective of the scheme will be realized.

    L&T Banking & PSU Debt fund (G) NAV,AUM,Risk

    The L&T Banking & PSU Debt fund (G) fund was launched on Sep 20, 2007. The NAV (Net Asset Value) of this Banking And Psu Debt fund as of 2021-09-15 is ₹19.92. The total AUM (Asset Under Management) of the fund as of 16/09/2021 is ₹5164.398. The category risk of the L&T Banking & PSU Debt fund (G) fund is Low to Moderate Risk. The fund charges 0.61 % as expense ratio.

    L&T Banking & PSU Debt fund (G) Holdings

    The fund’s highest allocation is towards Debt and has invested 88% in this asset class. The top three holdings of the fund are , 7.32% govt stock 2024 , 6.18% govt stock 2024 , ntpc limited , indian oil corporation limited , indian railway finance corporation limited , national housing bank , hdfc bank limited , national bank for agriculture and rural development , national bank for agriculture and rural development , export-import bank of india , hindustan petroleum corporation limited , 7.16% govt stock 2023 , power finance corporation limited , housing development finance corporation limited , rural electrification corporation limited , hindustan petroleum corporation limited , indian railway finance corporation limited , housing development finance corporation limited , power grid corporation of india limited , axis bank limited , (a) tri party repo dealing system (treps)/reverse repo , national housing bank , national housing bank , power grid corporation of india limited , housing development finance corporation limited , housing and urban development corporation limited (hudco) , small industries development bank of india , rural electrification corporation limited , indian railway finance corporation limited , export-import bank of india , power grid corporation of india limited , export-import bank of india , national highways authority of india , housing development finance corporation limited , power finance corporation limited , power grid corporation of india limited , indian railway finance corporation limited , power grid corporation of india limited , export-import bank of india , export-import bank of india , indian railway finance corporation limited , 7.35% govt stock 2024 , nhpc limited , housing and urban development corporation limited , nuclear power corporation of india limited

    L&T Banking & PSU Debt fund (G) Sip

    The minimum SIP (Systematic Investment Plan) amount for this 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.

    L&T Banking & PSU Debt fund (G) Investment volatility and Horizon

    This fund 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 (G) Review

    L&T Banking & PSU Debt fund (G) has a score of 3 on a scale of 5. The fund has a score of 4 out of 5 based on historical performance. As compared to the other funds in its category, L&T Banking & PSU Debt fund (G) has a score of 4out of 5 The credit risk of the fund is 3 out of 5 as compared to other debt funds.

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