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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

7.78

as on 03 Dec 2021

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 12,524 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

  • ₹ 19.983

    as on 03 Dec 2021
  • Regular - Growth

  • 4 / 19

  • ₹ 10,000

  • ₹ 4,679 Cr.

    as on 03 Dec 2021
  • 0.61%

    since 31 May 2021
  • 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 ₹ 19.983 as on 03 Dec 2021.

This fund has 14 years of track record. Since 31 May 2021 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 Shriram Ramanathan

    Picture of Shriram RamanathanShriram Ramanathan is Head – Fixed Income at L&T Investment Management and has over 16 years of experience in the fixed income markets in India.He manages L&T Income Opportunities Fund, L&T Low Duration Fund, L&TTriple Ace Bond Fund, L&T Money Market Fund and L&T Resurgent India BondFund. Shriram is the co-manager for L&T Liquid Fund, L&T Short TermOpportunities Fund and L&T Flexi Bond Fund and also manages the debtportion of L&T India Prudence Fund.Prior to joining L&T Investment Management, Sriram was a Portfolio Manager at FIL Fund Management. In his previous roles, he was a Senior Investment Manager – Global Emerging Market Debt (Asia) at ING Investment Management Asia Pacific in Hong Kong, and a fixed income fund manager in India. His earlier assignments were with Zurich Asset Management Company in fixed income research and with the Treasury department of ICICI Bank, where he started his career in investments in 2000.Shriram is a Chartered Financial Analyst and holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur along with an engineering degree from the university of mumbai B.E (Electrical), PGDBM-XLRI, CFA.
  • 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 0.23% 0.75% 1.89% 2.92% 5.00% 8.62% 10.36% 8.38% 8.96% 6.47% 7.10% 8.64% 8.90% 8.41%
Category Average 0.09% 0.42% 0.86% 2.04% 3.74% 6.66% 8.00% 7.03% 8.13% 4.29% 5.44% 6.65% 7.19% 7.64%
L&T Banking And PSU Debt Fund 0.10%₹ 10,010 0.39%₹ 10,039 0.45%₹ 10,045 1.80%₹ 10,179 3.35%₹ 10,334 3.77%₹ 12,243 6.58%₹ 11,360 5.23%₹ 25,319 7.78%₹ 12,524 6.57%₹ 39,771 6.74%₹ 13,859 7.04%₹ 71,680 - -
ICICI Prudential Banking And PSU Debt Fund 0.02%₹ 10,002 0.53%₹ 10,053 1.38%₹ 10,137 2.79%₹ 10,279 4.70%₹ 10,469 5.36%₹ 12,344 6.99%₹ 11,448 6.17%₹ 25,559 8.10%₹ 12,633 7.08%₹ 40,075 6.78%₹ 13,883 7.25%₹ 72,060 8.50%₹ 22,628 8.06%₹ 1,81,871
Aditya Birla Sun Life Banking & PSU Debt Fund 0.10%₹ 10,009 0.41%₹ 10,041 0.78%₹ 10,078 2.15%₹ 10,214 3.87%₹ 10,387 4.47%₹ 12,288 7.13%₹ 11,478 5.84%₹ 25,473 8.39%₹ 12,736 7.05%₹ 40,058 7.03%₹ 14,050 7.52%₹ 72,536 8.96%₹ 23,618 8.41%₹ 1,85,251
Kotak Banking And PSU Debt Fund 0.06%₹ 10,005 0.28%₹ 10,027 1.17%₹ 10,117 2.45%₹ 10,244 4.18%₹ 10,417 4.90%₹ 12,315 7.09%₹ 11,469 5.97%₹ 25,507 8.65%₹ 12,828 7.21%₹ 40,151 7.44%₹ 14,324 7.72%₹ 72,904 - -
HDFC Banking And PSU Debt FunD-2014 0.09%₹ 10,008 0.43%₹ 10,042 0.98%₹ 10,097 2.15%₹ 10,215 4.08%₹ 10,407 4.57%₹ 12,294 7.05%₹ 11,460 5.90%₹ 25,490 8.42%₹ 12,746 7.09%₹ 40,083 7.13%₹ 14,118 7.47%₹ 72,446 - -
Axis Banking & PSU Debt Fund 0.07%₹ 10,007 0.31%₹ 10,030 0.60%₹ 10,060 1.79%₹ 10,178 3.48%₹ 10,347 3.69%₹ 12,238 6.31%₹ 11,304 5.09%₹ 25,282 8.07%₹ 12,622 6.43%₹ 39,689 7.60%₹ 14,430 7.36%₹ 72,258 - -

Portfolio Holdings

Portfolio holdings pattern of L&T Banking And PSU Debt Fund as on 07 Dec 2021 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    98.74%
  • Others Holdings:

    1.26%

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

Instrument TypeHolding PercentageHolding Values in Crore
NCD & Bonds 75.54% ₹ 3,464.92 Cr.
GOI 16.73% ₹ 767.00 Cr.
CD 6.47% ₹ 296.85 Cr.
Others 1.26% -

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

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - Govt of India 16.73% ₹ 767.00 Cr.
Bond - National Bank for Agriculture & Rural Development 9.61% ₹ 440.74 Cr.
Bond - Indian Railway Finance Corporation Ltd. 9.19% ₹ 421.27 Cr.
Bond - National Housing Bank 8.94% ₹ 409.98 Cr.
Bond - Housing Development Finance Corporation Ltd. 8.02% ₹ 368.04 Cr.
Others 47.51%

Other Holdings

Holding TypeHolding Percentage
TREPS 0.72%
Net Receivables 0.54%