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.
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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
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.
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.
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.
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?
Recommended
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.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
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
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
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
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
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.
