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L&T Hybrid Equity Fund

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Hybrid: Aggressive Hybrid

1 Lakh

Investment Grown to
₹ 1.22 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.89 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80% of your money in equity shares and the rest in bonds and commodities. Their returns are slightly lower than pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to its sharp ups and downs.

Like all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.80 -1.25 -1.17 -1.59 2.34 9.35 11.44 6.76 7.34 13.64 --
VR Balanced TRI -0.30 0.63 -0.57 -0.72 0.98 8.85 13.08 11.35 7.72 11.23 --
Hybrid: Aggressive Hybrid 0.91 -1.33 -0.70 -1.08 2.22 10.40 11.06 6.99 6.91 12.27 --
Rank within category 24 16 37 29 21 23 17 16 11 8 --
Number of funds in category 42 42 42 42 41 41 37 30 23 22 20

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.30 (19-Sep-2019 - 26-Sep-2019) -6.08 (19-Aug-2015 - 26-Aug-2015)
Month 14.83 (07-May-2014 - 06-Jun-2014) -10.06 (27-Jul-2011 - 26-Aug-2011)
Quarter 21.41 (10-Mar-2014 - 09-Jun-2014) -9.75 (30-Nov-2015 - 29-Feb-2016)
Year 59.25 (13-Feb-2014 - 13-Feb-2015) -9.68 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.96 9.24 0.25 0.36 0.82 -2.82
VR Balanced TRI 11.92 10.21 0.61 0.95 -- --
Hybrid: Aggressive Hybrid 8.38 9.75 0.28 0.44 0.83 -2.46
Rank within category 21 11 20 20 15 21
Number of funds in category 33 33 33 33 33 33

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 49
Top 10 Holdings (%) 44.84
Top 5 Holdings (%) 27.29
Top 3 Sectors (%) 49.27
Portfolio P/B Ratio 3.25
Portfolio P/E Ratio 26.14

Value Research Equity Fund Style

Value Research Debt Fund Style*

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.93 3.93
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 2.35 2.35
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.40 1.40
equal 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.29 - 1.17 1.04
equal 9.37% State Bank of India 21/12/2023 Debenture AA+ 0.66 - 0.94 0.75
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 0.70 0.70
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.53 - 0.69 0.69
equal 7.17% GOI 2028 GOI Securities SOV 0.43 - 1.81 0.69
new 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 0.68 0.68
equal HPCL 14/08/2024 Debenture AAA 0.00 - 0.68 0.68
down 9.50% Indusind Bank Bonds AA 0.00 - 0.84 0.67
equal 8.65% National Bank Agr. Rur. Devp 2028 Debenture AAA 0.48 - 0.59 0.58
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.37 - 0.49 0.49
equal Sundaram Finance 2022 Debenture AAA 0.31 - 0.45 0.45
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.10 - 2.23 0.42
equal 8.15% GOI 2022 Central Government Loan SOV 0.27 - 0.36 0.36
equal 8.08% GOI 2022 Central Government Loan SOV 0.27 - 0.36 0.36
equal 8.45% IRFC 2028 Debenture AAA 0.26 - 0.36 0.36
equal 8.05% Power Finance Corp. 27/04/2021 Debenture AAA 0.26 - 0.35 0.35
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 0.35 0.35
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 0.35 0.35
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 0.35 0.35
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 0.34 0.34
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 0.34 0.34
equal 8.50% NHPC 14/07/2020 Bonds/Debentures AAA 0.26 - 0.34 0.34

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 25.23 7.31 1.76 7.30
down ICICI Bank Financial 36.13 8.30 1.02 7.12
equal Kotak Mahindra Bank Financial 36.78 4.72 1.34 4.72
equal Larsen & Toubro Construction 18.10 4.99 2.33 4.22
up Bharti Airtel Communication -- 3.81 0.00 3.81
equal Reliance Industries Energy 21.12 4.05 0.00 3.77
equal HCL Technologies Technology 15.48 3.73 0.00 3.73
down Axis Bank Financial 42.77 4.02 0.00 3.31
down Tata Consultancy Services Technology 24.50 5.21 0.77 2.93
up Infosys Technology 20.72 2.67 0.00 2.67
equal HDFC Financial 18.18 4.56 0.00 2.27
down Colgate-Palmolive FMCG 44.80 2.33 0.00 2.01
equal Hindustan Unilever FMCG 70.51 2.14 0.00 1.97
equal The Ramco Cements Construction 29.87 2.33 1.23 1.84
equal Trent Services 267.42 1.77 0.00 1.77
equal Sun Pharmaceutical Inds. Healthcare 23.87 2.28 0.45 1.63
equal Supreme Industries Chemicals 37.19 1.53 0.00 1.53
equal SBI Life Insurance Company Financial 67.92 1.55 0.00 1.51
down ICICI Securities Financial 31.93 1.31 0.00 1.25
down Future Retail Services 25.95 2.61 0.67 1.24
down Mphasis Technology 15.05 2.30 0.65 1.12
down Emami FMCG 36.44 1.22 0.46 1.00
up Dabur India FMCG 57.67 0.98 0.00 0.98
equal State Bank of India Financial 24.53 2.92 0.00 0.85
down ICICI Prudential Life Insurance Co. Ltd. Financial 60.84 2.21 0.61 0.84

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

*As on 31-Dec-2019

Fund Manager

— Venugopal Manghat since 17-Dec-2019

Education: Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance).

Experience: Prior to joining L&T Mutual Fund he has worked with Tata Asset Management Ltd.

Interviews:

Funds Managed:

— Vihang Naik since 17-Dec-2019

Education: Mr. Naik is a CFA and TYBMS.

Experience: Prior to joining L&T Mutual Fund he was associated with L&T Investment Management Limited (Jul 2012-Jun 2016) as an Analyst and with MF Global Sify securities (Mar 2010-Jul 2012, Motilal Oswal Securities (May 2008-Mar 2010), SBICAP Securities (Oct 2006-Apr 2008) as Research Analyst.

Funds Managed:

— Shriram Ramanathan since 30-May-2016

Education: Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.

Experience: Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.

Funds Managed:

Invest Online
-1.25%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 27.3610

Dividend Yearly: ₹ 12.6510

Dividend: ₹ 19.9350

Investment Strategy

The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments to help generating funds in the long term to save for the cost of children's education.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 07-Feb-2011
Return Since Launch: 11.76%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 7,368 Cr (As on 31-Jan-2020)
Expense: 1.78% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 56.82%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend01-Jul-20190.0885

 23-Apr-20190.0797
 27-Dec-20180.0531
 24-Sep-20180.1062
 23-Aug-20180.1062
 23-Jul-20180.1062
 22-Jun-20180.1062
 23-May-20180.1062
 23-Apr-20180.1062
 23-Mar-20180.1300
 23-Feb-20180.1300
 25-Jan-20180.1300
 22-Dec-20170.1300
 24-Nov-20170.1300
 23-Oct-20170.1300
 25-Sep-20170.1300
 24-Aug-20170.1300
 27-Jul-20170.1300
 22-Jun-20170.1300
 25-May-20170.1300
 26-Apr-20170.1200
 21-Mar-20170.1100
 27-Feb-20170.1000
 25-Jan-20170.0900
 22-Dec-20160.0700
Dividend Yearly22-Mar-20190.6198

 23-Mar-20180.9000
 23-Mar-20170.2000

Contact Information

AMC: L&T Investment Management Ltd

Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098

Phone: 022-66554000 / 1800-2000-400

Fax: 022-66554002

Email: [email protected]

Website: www.lntmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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