L&T Triple Ace Bond Fund - Growth - Regular Plan

₹50.13 (-0.08%)Nav, as on 13-12-2019
Previous Nav
₹ 50.1701
Net Change on 13-12-2019
₹-0.04
PersonalFN Rating

1 PersonalFN
Category
Debt - Corporate Bond Fund
Assets (Cr.)
₹ 2,046.88
Expense Ratio
0.62%
(As on Nov 30, 2019)

Fund Overview Growth | Regular Plan

Fund House
L&T Mutual Fund
Launch Date
31-Mar-1997
Benchmark
Crisil 10 Yr Gilt Index
Minimum Investment (₹)
10,000
Minimum Addl Investment (₹)
1,000
Exit Load (%)
0.50% on or before 3M, Nil after 3M
Minimum SIP Investment (₹)
1,000
Minimum STP Investment (₹)
500
Minimum SWP Investment (₹)
500
52 Week Low Nav (₹)
44.78
52 Week Low Nav Date
14-Dec-2018
52 Week High Nav (₹)
50.94
52 Week High Nav Date
04-Dec-2019

Fund Objective

To generate regular return by investing predominantly in AA+ and above rated debt and money market instruments.

Fund Performance

Scheme Name	1-Month Return (%)	3-Month Return (%)	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Since Inception
L&T Triple Ace Bond Fund-Regular Plan-Growth Plan	2.53	4.18	11.96	5.85	6.95	7.36
Crisil 10 Yr Gilt Index	N/A	N/A	N/A	N/A	N/A	N/A
CRISIL Corporate Bond Composite Index	N/A	N/A	N/A	N/A	N/A	N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name	Launch Date	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Expense Ratio (%)	Assets (Cr.)
L&T Triple Ace Bond Fund-Regular Plan-Growth Plan	Mar 31, 1997	11.96	5.85	6.95	0.62	2,046.88
Aditya Birla Sun Life Corporate Bond Fund - Growth - Regular Plan	Mar 03, 1997	9.78	7.57	8.39	0.39	17,605.40
HDFC Corporate Bond Fund - Growth Option	Jun 29, 2010	10.25	7.49	8.40	0.45	12,341.25
ICICI Prudential Corporate Bond Fund - Growth	Aug 11, 2009	9.89	7.30	8.17	0.56	11,095.97
Kotak Corporate Bond Fund- Regular Plan-Growth Option	Sep 21, 2007	9.87	7.89	8.38	0.61	3,801.44
Franklin India Corporate Debt Fund - Growth	Jun 23, 1997	9.35	8.04	8.28	0.89	1,341.99

Fund Holdings as on 30-November-2019

Company % Assets
HDFC Bank Limited **
9.89
National Highways Authority of India **
6.94
Housing Development Finance Corporation Limited **
6.17
Export Import Bank Of India **
5.21
Housing and Urban Development Corporation Limited **
5.09
Tri Party Repo Dealing System (TREPS)/Reverse Repo
4.86
Power Grid Corporation of India Limited **
4.45
NTPC Limited **
4.09
National Bank for Agriculture & Rural Development **
2.75
Indian Railway Finance Corporation Limited **
2.71
Indian Railway Finance Corporation Limited **
2.68
Rec Limited **
2.62
National Highways Authority of India **
2.57
Air India Assets Holding Limited **
2.45
NTPC Limited **
2.44
Food Corporation of India Limited **
2.42
Reliance Industries Limited **
2.35
Housing and Urban Development Corporation Limited **
2.30
National Bank for Agriculture & Rural Development **
2.14
Reliance Industries Limited **
2.05
Net Receivables/(Payables)
1.69
National Bank for Agriculture & Rural Development **
1.57
National Bank for Agriculture & Rural Development **
1.54
Housing and Urban Development Corporation Limited **
1.32
Housing Development Finance Corporation Limited **
1.32
Housing Development Finance Corporation Limited **
1.32
Reliance Industries Limited **
1.31
Indian Railway Finance Corporation Limited **
1.30
Indian Railway Finance Corporation Limited **
1.28
Indian Railway Finance Corporation Limited **
1.22
Housing and Urban Development Corporation Limited **
1.06
National Bank for Agriculture & Rural Development **
1.05
Housing Development Finance Corporation Limited **
1.00
HDB Financial Services Limited **
0.98
Power Grid Corporation of India Limited **
0.74
National Bank for Agriculture & Rural Development **
0.53
NHPC Limited **
0.52
Nuclear Power Corporation Of India Limited **
0.52
Nuclear Power Corporation Of India Limited **
0.52
Indian Railway Finance Corporation Limited **
0.49
HDB Financial Services Limited **
0.49
Export Import Bank Of India **
0.27
Power Grid Corporation of India Limited **
0.26
Power Grid Corporation of India Limited **
0.26
National Highways Authority of India **
0.26
National Bank for Agriculture & Rural Development **
0.26
Rec Limited **
0.25
Rec Limited **
0.25
Power Grid Corporation of India Limited **
0.24

Sector Holding%
Miscellaneous
93.45

About L&T Triple Ace Bond Fund

Scheme Analysis

L&T Triple Ace Bond Fund is a Debt - Corporate Bond Fund fund and belongs to L&T Mutual Fund. It was launched on 31-Mar-1997 and currently has an AUM of ₹2,046.88 crore. L&T Triple Ace Bond Fund is benchmarked against Crisil 10 Yr Gilt Index as primary index and CRISIL Corporate Bond Composite Index as secondary index.

The NAV of L&T Triple Ace Bond Fund ended down ₹-0.04(-0.08%)yesterday to ₹50.13.

Among its top 3 holdings the fund has exposure to HDFC Bank Limited **, National Highways Authority of India ** and Housing Development Finance Corporation Limited **

The L&T Triple Ace Bond Fund is managed by Shriram Ramanathan and Jalpan Shah.

Fund House Contact

Address:

309, 3rd floor, Trade Centre, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

Phone Number: +91 (22) 61366600

Email Address: ltmf@lntmf.com

Fax Number: +91 (22) 61366603/04

Website: www.lntmf.com

Fund Manager

Shriram Ramanathan

Education:CFA, PGDBM, Bachelors Degree in Electrical Engineering
Experience:14 Years
Basic Details:Mr. Shriram Ramanathan has 14 years of experience .His previous assignments includes ING Investment Management Asia Pacific -Hong Kong,ING Investment Management (India) Private Limited,Zurich (India) Asset Management Company.
Funds Managed:
L&T Banking and PSU Debt Fund
L&T Cash Fund
L&T Credit Risk Fund
L&T Flexi Bond Fund
L&T Gilt Fund
L&T Hybrid Equity Fund
L&T Liquid Fund
L&T Low Duration Fund
L&T Resurgent India Bond Fund
L&T Short Term Bond Fund
L&T Triple Ace Bond Fund

Jalpan Shah

Holding Type Holding %
CARE AAA
14.64
Cash
6.55
CRISIL AAA
72.62
CRISIL AAA (CE)
2.42
ICRA AAA
1.32
ICRA AAA (CE)
2.45

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