L&T Mutual Fund – One of the Best Mutual Funds in India


L&T Triple Ace Bond Fund

L&T Triple Ace Bond Fund - Fund Facts

Fund objective The objective of the scheme is to generate regular and stable income for the unitholders of the Scheme. The corpus of the scheme would be invested primarily in debt market securities such as nonconvertible debentures, bonds issued by corporates, bank and government, commercial paper, certificate of deposits and other money market instruments. The scheme would invest predominantly insecurities rated by the Credit Rating and Information Services of India Limited (CRISIL), or any other rating agency.
Inception date March 31, 1997
Fund Managers Shobheta Manglik
Benchmark index CRISIL Composite Bond Fund Index
SIP availability SIP is available in L&T Triple Ace Fund and L&T Gilt Fund. The frequency for installments shall be monthly on the 5th/ 15th/ 25th or 30th of the month (28th for the month of February) and on the next Business Day if it happens to be a non business day.
Options Dividend (Reinvestment and Pay-out)
1. Quarterly Dividend
2. Semi-annual dividend
Bonus
Cumulative
All Plans/ Options have a common portfolio.
Minimum Investment A minimum of Rs. 10,000/- per application and in multiples of Re. 1/- thereafter
Entry Load NIL
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.
Exit Load For redemption on or before 3 months from the date of allotment or Purchase applying First in First out basis – 1.50% of Applicable Net Asset Value.

For redemption after 3months from the date of allotment or Purchase applying First in First out basis – Nil

A switch-out or a withdrawal under Systematic Withdrawal Plan or a transfer under Systematic Transfer Plan may also attract an Exit Load/CDSC like any Redemption. No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.

No Exit Load will be chargeable in case of (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.
Annual Recurring Expenses (w.e.f 23rd May 2013) 1.5000%
Annual Recurring Expenses for Direct Plan (w.e.f 23rd May 2013) 1.000%

L&T Triple Ace Bond Fund - Overview

The L&T Triple Ace Bond Fund is an open ended pure income fund which aims to generate regular and stable income for the unit holders of the scheme. The corpus of the scheme would be invested primarily in debt market securities and money market instruments.

The scheme would invest predominantly in top rated debt securities and government debt which carry only sovereign risk.


Click here to download the Fund One Pager

L&T Triple Ace Bond Fund - Key Benefits

  • Investments are predominantly made in AAA or equivalent rated papers.
  • The fund endeavours to generate risk adjusted returns by taking reasonable marked to market risk whilst endeavouring to have exposure to quality credits.

L&T Triple Ace Bond Fund - Features

Investment Style Details

Scheme Classification An Open Ended Pure Income Scheme
Investment Objective The objective of the scheme is to generate regular and stable income for the unitholders of the Scheme. The corpus of the scheme would be invested primarily in debt market securities such as nonconvertible debentures, bonds issued by corporates, bank and government, commercial paper, certificate of deposits and other money market instruments. The scheme would invest predominantly insecurities rated by the Credit Rating and Information Services of India Limited (CRISIL), or any other rating agency.

Normal Asset Allocation

Debt & Government Securities (including cash/ call money) 80% - 100%
Money market instruments (including cash/ call money) 0% - 20%

Terms of issue

Minimum purchase amount A minimum of Rs 10,000 per application and in multiples of Re. 1/- thereafter
Minimum additional purchase amount A minimum of Rs. 1,000/- per application and in multiples of Re. 1/- thereafter
Minimum redemption amount/units A minimum of Rs.1000/- per application or 100 units.

Statutory

L&T Mutual Fund has been established as a trust under the Indian Trust Act, 1882 by L&T Finance Limited, Sponsor/ Settlor (liability restricted to the seed corpus of Rs. 1 lakh) with L&T Mutual Fund Trustee Limited as the Trustee Company and L&T lnvestment Management Limited as the Investment Manager.

Loads

Entry NIL
In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.
Exit For redemption on or before 3 months from the date of allotment or Purchase applying First in First out basis – 1.50% of Applicable Net Asset Value.

For redemption after 3months from the date of allotment or Purchase applying First in First out basis – Nil

A switch-out or a withdrawal under Systematic Withdrawal Plan or a transfer under Systematic Transfer Plan may also attract an Exit Load/CDSC like any Redemption. No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme.

No Exit Load will be chargeable in case of (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.

General Services

Investors can contact any of the ISCs at its toll-free number " 1800 2000 400 ". NAVs will be calculated and published on all Business Days. Purchase/Redemption on all Business Days.


Risk factors

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

L&T Triple Ace Bond Fund - How to Invest

To invest online

In case you require any more information on investing in the L&T Triple Ace Bond Fund, please call our toll-free Investor Line on 1800 2000 400 between 9am to 6pm on any business day.

To invest offline

Click here to download the KIM and Application form.
Or
Contact your Relationship Manager at your bank, your adviser or your distributor for an application form.

Mutual Funds Investments are subject to market risks, read all schemes related documents carefully.

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If you have not completed the KYC formalities, you will have only a "view" access till we receive and process your registration /linking form, accepted terms and conditions, KYC form and other supporting documents.