Fund Performance
Lumpsum
SIP
5.46
as on 02 Jun 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,729 today.
NAV Performance
Fund Information
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₹ 24.378
as on 02 Jun 2023 -
Regular - Growth
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-
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₹ 10,000
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₹ 445 Cr.
as on 31 Mar 2023 -
0.64%
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04 Dec 2010
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CRISIL 10 Year Gilt Index
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L&T Mutual Fund
Show All Funds
Highlights of this fund
L&T Low Duration Fund is an Open-ended Debt Fund. The fund belongs to Low Duration 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 04 Dec 2010. 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 ₹ 24.378 as on 02 Jun 2023.
This fund has 12 years of track record. Since 31 Mar 2023 expense ratio of this fund is 0.64%. 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 is to provide liquidity and reasonable returns by investing primarily in a mix of short term debt and money market instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months.
List of Fund Managers of L&T Low Duration Fund
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About Shriram Ramanathan
Shriram 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.
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About Mahesh A. Chhabria
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 | 0.15% | 0.66% | 2.20% | 10.19% | 11.79% | 14.47% | 6.76% | 6.71% | 7.61% | 7.56% | 6.57% | 6.73% | 6.02% | 6.92% |
| Category Average | 0.12% | 0.58% | 1.87% | 3.59% | 5.77% | 4.86% | 4.10% | 5.09% | 6.52% | 6.79% | 5.41% | 4.99% | 5.24% | 6.03% |
| L&T Low Duration Fund | 0.13%₹ 10,013 | 0.64%₹ 10,063 | 2.10%₹ 10,210 | 3.48%₹ 10,348 | 6.04%₹ 10,603 | 6.72%₹ 12,431 | 4.49%₹ 10,918 | 5.28%₹ 25,328 | 5.46%₹ 11,729 | 4.89%₹ 38,780 | 5.38%₹ 12,996 | 5.05%₹ 68,161 | 6.90%₹ 19,505 | 6.14%₹ 1,64,491 |
| ICICI Prudential Savings Fund | 0.11%₹ 10,010 | 0.64%₹ 10,064 | 2.05%₹ 10,205 | 3.64%₹ 10,363 | 6.97%₹ 10,697 | 7.56%₹ 12,484 | 5.11%₹ 11,047 | 5.89%₹ 25,484 | 5.57%₹ 11,764 | 5.43%₹ 39,096 | 6.71%₹ 13,842 | 6.02%₹ 69,851 | 7.61%₹ 20,836 | 6.92%₹ 1,71,289 |
| HDFC Low Duration Fund | 0.12%₹ 10,012 | 0.65%₹ 10,064 | 2.06%₹ 10,206 | 3.51%₹ 10,351 | 6.31%₹ 10,630 | 6.92%₹ 12,444 | 4.71%₹ 10,963 | 5.44%₹ 25,370 | 5.29%₹ 11,672 | 5.07%₹ 38,884 | 6.26%₹ 13,553 | 5.63%₹ 69,169 | 6.91%₹ 19,523 | 6.38%₹ 1,66,538 |
| Axis Treasury Advantage Fund | 0.12%₹ 10,011 | 0.65%₹ 10,064 | 2.17%₹ 10,216 | 3.66%₹ 10,365 | 6.42%₹ 10,642 | 7.05%₹ 12,452 | 4.86%₹ 10,996 | 5.65%₹ 25,422 | 5.08%₹ 11,602 | 5.16%₹ 38,937 | 6.41%₹ 13,646 | 5.68%₹ 69,257 | 7.22%₹ 20,090 | 6.56%₹ 1,68,087 |
| Aditya Birla Sun Life Low Duration Fund | 0.12%₹ 10,011 | 0.65%₹ 10,064 | 2.06%₹ 10,206 | 3.45%₹ 10,345 | 6.14%₹ 10,613 | 6.71%₹ 12,430 | 4.66%₹ 10,953 | 5.40%₹ 25,359 | 5.05%₹ 11,591 | 4.98%₹ 38,827 | 6.26%₹ 13,553 | 5.54%₹ 69,015 | 7.08%₹ 19,828 | 6.43%₹ 1,66,938 |
| IDFC Low Duration Fund | 0.12%₹ 10,012 | 0.65%₹ 10,065 | 2.20%₹ 10,219 | 3.61%₹ 10,361 | 6.37%₹ 10,637 | 6.98%₹ 12,448 | 4.61%₹ 10,942 | 5.45%₹ 25,373 | 4.77%₹ 11,498 | 4.92%₹ 38,795 | 6.12%₹ 13,463 | 5.39%₹ 68,750 | 7.23%₹ 20,117 | 6.44%₹ 1,67,035 |
Portfolio Holdings
Top Debt Instrument Type holdings of L&T Low Duration Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| CD | 44.54% | ₹ 198.22 Cr. |
| NCD & Bonds | 35.65% | ₹ 158.67 Cr. |
| GOI | 6.88% | ₹ 30.59 Cr. |
| T-Bills | 5.51% | ₹ 24.52 Cr. |
| CP | 5.39% | ₹ 23.99 Cr. |
| Others | 2.03% | - |
Top Debt Holdings of L&T Low Duration Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Axis Bank Ltd. | 7.38% | ₹ 32.86 Cr. |
| Bond - Govt of India | 6.88% | ₹ 30.59 Cr. |
| Bond - Muthoot Finance Pvt. Ltd. | 6.10% | ₹ 27.14 Cr. |
| Bond - Small Industries Development Bank Of India | 5.84% | ₹ 26.01 Cr. |
| Bond - Bharti Telecom Ltd. | 5.77% | ₹ 25.70 Cr. |
| Others | 68.03% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 2.65% |
| Net Receivables | -0.62% |