Schemes of L&T Mutual Fund You Shouldn’t Miss Out

L&T Group has made a significant contribution towards the all-around development of India. It has developed the sectors of Technology, Engineering, Construction, Infrastructure Projects and Manufacturing, and has maintained leadership in all their major lines of business. In 2010, it also entered the mutual fund industry with the experience of more than 7 decades in the various industries and settled its feet within a few years by winning the trust of many investors. It provides a variety of successful schemes today in many categories of the mutual fund. The debt category L&T Mutual Fund schemes focus on delivering a decent appreciation without exposing the corpus to greater risk. Top Performing Debt Schemes of L&T Mutual Fund

• L&T Low Duration Fund (G):
It is a short-term debt fund which invests in the debt instruments of high credit ratings. The average maturity of the debt instruments is 1.12 years. The fund is managed by Mr Shriram Ramanathan since November 2012, who is a B.E. in electrical and PGDM from XLRI Jamshedpur, and CFA. He was accompanied by Mr Vikas Garg in April 2017. Mr Garg is a B.Tech, M.Tech, MBA, and CFA. He has also worked with prominent financial firms. They mainly buy debentures and non convertible debentures of AA-, AAA and AA credit ratings. The fund has shown an annualised return of 8.5% in 5 years and 8.74% since inception in December 2010.
• L&T Floating Rate Fund (G):
It is an ultra short term debt fund which invest the corpus in very high credit rating debt instruments. The average maturity period of the instruments is 3-4 months; hence it is suitable for the investors who park the extra cash for a few months. The returns are much better than bank deposits and the risk factor is minimal. It has shown a return of 7% in 1 year and an annualised return of 8.3% in 5 years. The fund is managed by Mr Jalpan Shah who is a B.E. and PGDM, along with Mr Vikas Garg. They invest the majority of the corpus in commercial papers and certificate of deposits of A1+ credit ratings which get matured in a short tenure.
• L&T Credit Risk Fund (G):
It was earlier known as L&T Income Opportunities Fund. It is a credit opportunities fund which is considered to be a high risk debt fund but such funds also generate better returns. The quality of the instruments or the credit ratings of the instruments in which this fund invests in below average. Lesser the credit ratings means higher the returns. It has provided an annualised return of 8.4% in 5 years. The average maturity of the instruments is 2.26 years. The fund is managed by Mr Shriram Ramanathan since November 2012, who was joined by Mr Vikas Garg in April 2017. They invest the majority of the corpus in debentures, bonds, and structured obligations of AA, AA-, and A+ credit ratings. The fund supports a minimum initial investment of Rs 10,000.
• L&T Gilt Fund (G):
It is a medium and long-term gilt fund. Gilt funds invest only in government securities. This scheme by L&T Mutual Fund invests in government securities of sovereign ratings. The average maturity period of the instruments is 3.83 years. Hence, it is advisable that the investors can invest in them for a long-term. The fund is managed by Mr Shriram Ramanathan and Mr Jalpan Shah.

The article contains details of the top debt category schemes provided by L&T Mutual Fund. It also possess a small introduction of L&T Mutual Fund.