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L&T Banking And PSU Debt Fund

L&T Banking And PSU Debt Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

3.98

as on 22 Sep 2023

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,240 today.

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NAV Performance

L&T Banking And PSU Debt Fund performance graph for last 3 years
Performance of L&T Banking And PSU Debt Fund for last 3 Years

Fund Information

  • ₹ 21.273

    as on 22 Sep 2023
  • Regular - Growth

  • 4 / 19

  • ₹ 10,000

  • ₹ 4,783 Cr.

    as on 31 May 2023
  • 0.61%

  • 20 Sep 2007

  • Debt - Banking and PSU Fund

  • CRISIL 10 Year Gilt Index

  • L&T Mutual Fund

    Show All Funds

Highlights of this fund

L&T Banking And PSU Debt Fund is an Open-ended Debt Fund. The fund belongs to Banking and PSU Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 20 Sep 2007. This fund is offered by one of the top AMC (Assets Management Company) L&T Mutual Fund. You can also view here all other Debt funds offered by L&T Mutual Fund.

Latest NAV of the fund is ₹ 21.273 as on 22 Sep 2023.

This fund has 16 years of track record. Since 31 Mar 2023 expense ratio of this fund is 0.61%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.

You can invest in this fund in SIP with the minimum investment of ₹ 1,000. Lumpsum invest is offered with minimum investment of ₹ 10,000.

Fund 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.

List of Fund Managers of L&T Banking And PSU Debt Fund

  • About Mahesh A. Chhabria

    Picture of Mahesh A. Chhabria
  • About Jalpan Shah

    Picture of Jalpan ShahJalpan Shah is a Portfolio Manager – Fixed Income - at L&T Investment Management with over 15 years of experience in the fixed income markets in India. He is the co-portfolio manager for L&T Liquid Fund, L&T Ultra Short Term Fund, L&T Short Term Bond Fund, L&T Flexi Bond Fund, L&T Gilt Fund, L&T Banking & PSU Debt Fund, L&T Cash Fund, L&T Triple Ace Bond Fund and L&T Money Market Fund. Jalpan also manages the debt portion of L&T Conservative Hybrid Fund, L&T Dynamic Equity Fund and L&T Equity Savings Fund.Prior to joining L&T Investment Management, he was an Associate Fixed Income Trader at Fidelity International and was also associated with UTI Mutual Fund as a Research Analyst.Jalpan holds a post graduate degree in Management from T A Pai Management Institute and a Mechanical Engineering degree from Sardar Patel University B.E. (Mechanical), PGDM.

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderately Low Risk

Fund Return Comparison

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.20% 0.82% 1.96% 4.18% 7.30% 7.92% 6.61% 8.01% 8.11% 7.69% 7.81% 7.34% 6.75% 7.17%
Category Average 0.14% 0.64% 1.40% 3.62% 6.55% 4.48% 4.77% 6.91% 7.34% 6.74% 5.64% 5.07% 5.80% 6.66%
L&T Banking And PSU Debt Fund 0.13%₹ 10,012 0.61%₹ 10,061 1.34%₹ 10,133 3.55%₹ 10,354 6.52%₹ 10,651 6.41%₹ 12,412 3.34%₹ 10,678 4.79%₹ 25,207 3.98%₹ 11,240 4.15%₹ 38,355 6.25%₹ 13,545 5.10%₹ 68,267 6.98%₹ 19,641 6.26%₹ 1,65,563
ICICI Prudential Banking And PSU Debt Fund 0.13%₹ 10,013 0.74%₹ 10,074 1.96%₹ 10,196 4.18%₹ 10,417 7.30%₹ 10,729 7.69%₹ 12,493 5.25%₹ 11,078 6.57%₹ 25,661 5.59%₹ 11,771 5.93%₹ 39,395 7.11%₹ 14,104 6.38%₹ 70,502 7.88%₹ 21,366 7.15%₹ 1,73,379
Aditya Birla Sun Life Banking & PSU Debt Fund 0.15%₹ 10,015 0.66%₹ 10,065 1.52%₹ 10,151 3.78%₹ 10,378 6.73%₹ 10,673 6.91%₹ 12,444 4.67%₹ 10,954 5.78%₹ 25,461 5.06%₹ 11,595 5.25%₹ 38,996 7.23%₹ 14,183 6.07%₹ 69,942 8.11%₹ 21,835 7.17%₹ 1,73,576
Kotak Banking And PSU Debt Fund 0.16%₹ 10,015 0.75%₹ 10,075 1.58%₹ 10,158 3.71%₹ 10,371 6.85%₹ 10,684 6.86%₹ 12,441 4.65%₹ 10,951 5.81%₹ 25,467 5.07%₹ 11,599 5.32%₹ 39,032 7.38%₹ 14,282 6.13%₹ 70,053 7.74%₹ 21,088 7.09%₹ 1,72,853
HDFC Banking And PSU Debt FunD-2014 0.13%₹ 10,013 0.68%₹ 10,068 1.61%₹ 10,161 3.89%₹ 10,389 6.76%₹ 10,675 7.03%₹ 12,452 4.54%₹ 10,929 5.76%₹ 25,454 4.97%₹ 11,566 5.18%₹ 38,954 7.20%₹ 14,165 6.00%₹ 69,828 - -
Axis Banking & PSU Debt Fund 0.11%₹ 10,011 0.64%₹ 10,064 1.45%₹ 10,145 3.60%₹ 10,359 6.50%₹ 10,650 6.52%₹ 12,419 4.63%₹ 10,947 5.53%₹ 25,396 4.70%₹ 11,475 5.00%₹ 38,846 7.17%₹ 14,144 5.77%₹ 69,428 7.57%₹ 20,756 6.90%₹ 1,71,115

Portfolio Holdings

Portfolio holdings pattern of L&T Banking And PSU Debt Fund as on 24 Sep 2023 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    99.49%
  • Others Holdings:

    0.51%

Top Debt Instrument Type holdings of L&T Banking And PSU Debt Fund

Instrument TypeHolding PercentageHolding Values in Crore
NCD & Bonds 75.60% ₹ 3,623.89 Cr.
GOI 23.89% ₹ 1,145.61 Cr.
Others .51% -

Top Debt Holdings of L&T Banking And PSU Debt Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Govt of India 23.89% ₹ 1,145.61 Cr.
Bond - National Bank for Agriculture & Rural Development 9.64% ₹ 462.20 Cr.
Bond - Small Industries Development Bank Of India 9.25% ₹ 443.84 Cr.
Bond - Power Finance Corporation Ltd. 8.75% ₹ 419.92 Cr.
Bond - Rural Electrification Corporation Limited 8.61% ₹ 412.72 Cr.
Others 39.86%

Other Holdings

Holding TypeHolding Percentage
TREPS 0.57%
Net Receivables -0.06%