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L&T Hybrid Equity Fund


1 Lakh

Investment Grown to
₹ 1.28 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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(₹)
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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 1.08 -0.28 -0.74 0.75 4.26 6.85 9.85 8.63 7.51 12.98 --
VR Balanced TRI -0.38 -0.44 -1.59 -1.05 4.05 6.29 11.55 13.15 7.88 11.02 --
Hybrid: Aggressive Hybrid 0.77 -0.25 -0.82 0.68 4.04 6.94 9.24 8.71 6.99 11.70 --
Rank within category 14 27 24 21 18 20 18 19 12 7 --
Number of funds in category 44 44 44 43 43 42 39 32 25 23 21

As on 22-Jan-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 9.45 9.56 0.39 0.58 0.85 -3.01
VR Balanced TRI 13.65 10.24 1.18 -- -- --
Hybrid: Aggressive Hybrid 9.64 9.97 0.40 0.62 0.85 -2.86
Rank within category 18 14 18 20 16 17
Number of funds in category 32 32 32 32 32 32

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 43
Top 10 Holdings (%) 45.95
Top 5 Holdings (%) 28.08
Top 3 Sectors (%) 50.15
Portfolio P/B Ratio 3.28
Portfolio P/E Ratio 28.42

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
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.78 3.78
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 2.28 2.28
equal 8.58% HDFC 18/03/2022 Debenture AAA 0.00 - 1.35 1.35
up 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.29 - 1.17 1.00
equal 9.50% Indusind Bank Bonds AA 0.00 - 0.84 0.84
equal 9.37% State Bank of India 21/12/2023 Debenture AA+ 0.66 - 0.94 0.72
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 0.68 0.68
up 7.17% GOI 2028 GOI Securities SOV 0.43 - 1.81 0.67
equal HPCL 14/08/2024 Debenture AAA 0.00 - 0.66 0.66
down 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.52 - 0.66 0.66
equal 8.65% National Bank Agr. Rur. Devp 2028 Debenture AAA 0.48 - 0.59 0.57
equal 8.45% Sikka Ports and Terminals 2023 Debenture AAA 0.36 - 0.48 0.48
equal Sundaram Finance 2022 Debenture AAA 0.30 - 0.43 0.43
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 2.23 0.41
equal 8.45% IRFC 2028 Debenture AAA 0.26 - 0.35 0.35
new 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 0.34 0.34
equal 8.27% Nat. Highways Authority 28/03/2029 Debenture AAA 0.00 - 0.34 0.34
equal 8.08% GOI 2022 Central Government Loan SOV 0.27 - 0.34 0.34
equal 8.15% GOI 2022 Central Government Loan SOV 0.27 - 0.34 0.34
equal 8.05% HDFC 20/06/2022 Debenture AAA 0.00 - 0.33 0.33
equal 8.62% HDFC 15/10/2020 Debenture AAA 0.00 - 0.33 0.33
equal 8.50% NHPC 14/07/2020 Bonds/Debentures AAA 0.26 - 0.33 0.33
equal 6.83% REC 29/06/2020 Debenture AAA 0.25 - 0.33 0.33
equal 8.05% Power Finance Corp. 27/04/2021 Debenture AAA 0.26 - 0.33 0.33
up 6.18% GOI 2024 GOI Securities SOV 0.00 - 0.32 0.32

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
down ICICI Bank Financial 66.46 8.30 1.02 8.30
down HDFC Bank Financial 25.96 7.31 1.76 7.31
down Kotak Mahindra Bank Financial 35.19 4.72 0.82 4.54
up Axis Bank Financial 42.58 4.02 0.00 4.02
equal Reliance Industries Energy 22.32 4.05 0.00 3.91
down Larsen & Toubro Construction 19.15 4.99 2.33 3.87
down Tata Consultancy Services Technology 25.39 5.21 0.77 3.58
up HCL Technologies Technology 15.56 3.46 0.00 3.46
equal Bharti Airtel Communication -- 3.18 0.00 3.18
equal Colgate-Palmolive FMCG 50.45 2.33 0.00 2.30
equal HDFC Financial 34.55 4.56 0.00 2.19
down Hindustan Unilever FMCG 67.61 2.14 0.00 1.80
down The Ramco Cements Construction 32.27 2.33 1.23 1.72
up Infosys Technology 20.44 2.20 0.00 1.70
equal Mphasis Technology 15.64 2.30 0.65 1.70
equal Sun Pharmaceutical Inds. Healthcare 24.93 2.28 0.45 1.56
down Trent Services 137.42 1.53 0.00 1.53
down SBI Life Insurance Company Financial 72.70 1.55 0.00 1.41
down Future Retail Services 24.32 2.61 0.67 1.34
down ICICI Securities Financial 28.09 1.31 0.00 1.31
equal Supreme Industries Chemicals 38.90 1.23 0.00 1.23
down Lupin Healthcare 106.53 1.44 0.37 1.04
equal Emami FMCG 46.27 1.22 0.46 1.03
equal State Bank of India Financial 28.51 2.92 0.00 0.86
equal ICICI Prudential Life Insurance Co. Ltd. Financial 63.39 2.21 0.61 0.86

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-Dec-2019

Fund Manager

— 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:

— 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:


-0.28%

Change from previous, NAV as on 22-Jan-2020

Growth: ₹ 27.4370

Dividend Yearly: ₹ 12.6860

Dividend: ₹ 19.9900


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: 11.92%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 7,628 Cr (As on 31-Dec-2019)
Expense: 1.80% (As on 31-Dec-2019)
Risk Grade: Below Average
Return Grade: Average
Turnover: 58.42%

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

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM