Fund Performance
Lumpsum
SIP
4.35
as on 07 Jun 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,366 today.
NAV Performance
Fund Information
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₹ 20.999
as on 07 Jun 2023 -
Regular - Growth
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4 / 19
-
₹ 10,000
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₹ 4,783 Cr.
as on 30 Apr 2023 -
0.61%
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20 Sep 2007
-
CRISIL 10 Year Gilt Index
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L&T Mutual Fund
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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 ₹ 20.999 as on 07 Jun 2023.
This fund has 15 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
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About Mahesh A. Chhabria
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About Jalpan Shah
Jalpan 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 | 0.22% | 0.79% | 3.60% | 4.37% | 9.05% | 7.84% | 6.93% | 8.27% | 8.20% | 9.11% | 8.80% | 7.77% | 6.98% | 7.32% |
| Category Average | 0.17% | 0.69% | 2.62% | 3.73% | 6.86% | 4.52% | 5.15% | 7.02% | 7.24% | 7.53% | 5.55% | 5.03% | 6.01% | 6.70% |
| L&T Banking And PSU Debt Fund | 0.16%₹ 10,016 | 0.68%₹ 10,067 | 2.79%₹ 10,278 | 3.65%₹ 10,364 | 7.15%₹ 10,715 | 7.31%₹ 12,467 | 3.35%₹ 10,680 | 4.52%₹ 25,137 | 4.35%₹ 11,366 | 4.07%₹ 38,301 | 6.37%₹ 13,618 | 5.29%₹ 68,592 | 7.05%₹ 19,777 | 6.41%₹ 1,66,759 |
| ICICI Prudential Banking And PSU Debt Fund | 0.17%₹ 10,017 | 0.70%₹ 10,070 | 2.39%₹ 10,239 | 3.78%₹ 10,378 | 7.45%₹ 10,745 | 7.73%₹ 12,494 | 5.17%₹ 11,061 | 6.06%₹ 25,527 | 5.72%₹ 11,819 | 5.60%₹ 39,194 | 7.14%₹ 14,118 | 6.36%₹ 70,446 | 7.58%₹ 20,779 | 7.18%₹ 1,73,685 |
| Aditya Birla Sun Life Banking & PSU Debt Fund | 0.16%₹ 10,016 | 0.75%₹ 10,074 | 2.55%₹ 10,254 | 3.77%₹ 10,376 | 6.83%₹ 10,683 | 7.38%₹ 12,472 | 4.66%₹ 10,953 | 5.56%₹ 25,399 | 5.49%₹ 11,741 | 5.15%₹ 38,931 | 7.32%₹ 14,240 | 6.24%₹ 70,238 | 8.20%₹ 22,007 | 7.32%₹ 1,74,922 |
| Kotak Banking And PSU Debt Fund | 0.12%₹ 10,012 | 0.64%₹ 10,064 | 2.53%₹ 10,252 | 3.67%₹ 10,366 | 7.28%₹ 10,728 | 7.57%₹ 12,484 | 4.78%₹ 10,978 | 5.64%₹ 25,421 | 5.50%₹ 11,745 | 5.23%₹ 38,978 | 7.49%₹ 14,351 | 6.33%₹ 70,397 | - | - |
| HDFC Banking And PSU Debt FunD-2014 | 0.18%₹ 10,018 | 0.75%₹ 10,074 | 2.55%₹ 10,254 | 3.77%₹ 10,376 | 6.85%₹ 10,684 | 7.39%₹ 12,473 | 4.47%₹ 10,914 | 5.42%₹ 25,366 | 5.47%₹ 11,736 | 5.04%₹ 38,867 | 7.28%₹ 14,212 | 6.14%₹ 70,070 | - | - |
| Axis Banking & PSU Debt Fund | 0.15%₹ 10,014 | 0.67%₹ 10,066 | 2.67%₹ 10,266 | 3.56%₹ 10,355 | 6.17%₹ 10,616 | 6.99%₹ 12,448 | 4.51%₹ 10,921 | 5.38%₹ 25,355 | 5.12%₹ 11,619 | 4.93%₹ 38,801 | 7.25%₹ 14,192 | 5.99%₹ 69,809 | 7.60%₹ 20,818 | 7.04%₹ 1,72,367 |
Portfolio Holdings
Top Debt Instrument Type holdings of L&T Banking And PSU Debt Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| NCD & Bonds | 73.91% | ₹ 3,533.12 Cr. |
| GOI | 23.92% | ₹ 1,144.31 Cr. |
| Others | 2.17% | - |
Top Debt Holdings of L&T Banking And PSU Debt Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Govt of India | 23.92% | ₹ 1,144.31 Cr. |
| Bond - National Bank for Agriculture & Rural Development | 9.61% | ₹ 459.46 Cr. |
| Bond - Small Industries Development Bank Of India | 9.22% | ₹ 440.80 Cr. |
| Bond - Power Finance Corporation Ltd. | 8.83% | ₹ 422.09 Cr. |
| Bond - Rural Electrification Corporation Limited | 8.57% | ₹ 410.06 Cr. |
| Others | 39.85% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 2.26% |
| Net Receivables | -0.09% |