L&T Equity Savings Fund

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Hybrid: Equity Savings

1 Lakh

Investment Grown to

₹ 1.03 Lakh

₹ 10000

Monthly SIP Declined to

₹ 3.53 Lakh

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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Amount (₹)

Start date

End date

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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	-5.75	0.18	0.37	3.46	11.44	-6.22	-4.79	1.00	3.20	6.11	--
VR MIP TRI	-0.83	0.17	0.78	2.05	9.99	-1.13	1.78	6.29	7.00	8.37	--
Hybrid: Equity Savings	-2.94	0.28	0.71	2.55	11.88	-3.31	-1.18	2.82	4.74	--	--
Rank within category	22	20	21	2	13	22	21	13	7	--	--
Number of funds in category	23	23	23	23	23	23	22	14	8	0	0

As on 03-Jul-2020

Peer Comparison

Fund name	Launch Date	1-Year Return	3-Year Return	5-Year Return	Expense Ratio	Assets (Cr)
L&T Equity Savings Fund \| Invest Online	Oct-11	-4.79	1.00	3.20	1.60	81
Kotak Equity Savings Fund - Regular Plan \| Invest Online	Oct-14	2.77	5.66	6.53	2.16	1,409
ICICI Prudential Equity Savings Fund \| Invest Now	Dec-14	-0.92	4.46	6.47	1.36	1,157
Axis Equity Saver Fund - Regular Plan \| Invest Online	Aug-15	-0.46	4.97	--	2.35	679
HDFC Equity Savings Fund \| Invest Online	Sep-04	-4.25	2.43	6.45	2.04	3,182

Best & Worst Performance

	Best (Period)	Worst (Period)
Week	3.88 (01-Apr-2020 - 09-Apr-2020)	-7.77 (16-Mar-2020 - 23-Mar-2020)
Month	7.26 (22-May-2020 - 23-Jun-2020)	-17.70 (20-Feb-2020 - 23-Mar-2020)
Quarter	11.83 (24-Mar-2020 - 23-Jun-2020)	-16.40 (23-Dec-2019 - 23-Mar-2020)
Year	25.92 (03-Mar-2014 - 03-Mar-2015)	-15.49 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

	Mean	Std Dev	Sharpe	Sortino	Beta	Alpha
Fund	1.29	9.63	-0.42	-0.38	1.34	-5.03
VR MIP TRI	6.06	6.50	0.12	0.13	--	--
Hybrid: Equity Savings	2.94	9.00	-0.24	-0.23	1.29	-3.35
Rank within category	15	11	15	15	11	15
Number of funds in category	16	16	16	16	16	16

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

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks	70
Number of Bonds	8
Average Maturity (yrs)	0.31
Top 10 Holdings (%)	34.63
Portfolio P/B Ratio	1.64
Portfolio P/E Ratio	12.96

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
HDFC Bank 2021	Fixed Deposits	--	0.00 - 6.15	6.15
HDFC Bank 17/03/2021	Fixed Deposits	--	0.00 - 2.45	2.45
HDFC Bank 2021	Fixed Deposits	--	0.00 - 2.45	2.45
8.75% Amba River Coke 2022	Non Convertible Debenture	AA-	0.00 - 2.31	2.31
HDFC Bank 30/03/2021	Fixed Deposits	--	0.00 - 1.23	1.23
Aditya Birla Housing Finance 13/04/2022	Debenture	AAA	0.47 - 1.01	1.01
6.00% Zee Entertainment 2022	Preference Shares	--	0.01 - 0.02	0.01

Indicates an increase or decrease or no change in holding since last portfolio
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
Infosys	Technology	19.57	7.68	0.00	5.68
Vedanta	Metals	--	6.98	0.00	5.06
HDFC	Financial	15.26	4.32	0.23	3.29
HDFC Bank	Financial	21.64	7.97	0.60	2.83
Adani Ports and Special Economic Zone	Services	19.46	2.40	0.00	2.40
ICICI Bank	Financial	24.44	5.16	0.14	2.01
Hindustan Unilever	FMCG	75.58	1.97	0.13	1.97
Shree Cement	Construction	53.77	1.87	0.00	1.87
Reliance Industries	Energy	30.71	9.51	0.41	1.81
Manappuram Finance	Financial	9.28	1.76	0.00	1.76
Cipla	Healthcare	33.31	1.73	0.00	1.73
DLF	Construction	--	1.66	0.00	1.66
Navin Fluorine International	Chemicals	20.34	1.65	0.25	1.65
HCL Technologies	Technology	14.21	1.34	0.22	1.29
Bharti Airtel	Communication	--	1.27	0.00	1.27
Divi's Laboratories	Healthcare	42.24	1.58	0.00	1.24
Container Corp.	Services	64.75	1.23	0.00	1.23
Pidilite Industries	Chemicals	63.26	4.62	0.00	1.18
Ambuja Cements	Construction	18.06	1.11	0.00	1.11
MRF	Automobile	19.71	1.09	0.00	1.09
Coromandel International	Chemicals	20.63	0.99	0.00	0.99
Maruti Suzuki India	Automobile	31.58	3.03	0.39	0.99
Asian Paints	Chemicals	60.14	2.34	0.00	0.97
NTPC	Energy	13.88	2.19	0.00	0.87
Taj GVK Hotels & Resorts	Services	34.33	0.85	0.21	0.85

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

As on 31-May-2020

Fund Manager

— Venugopal Manghat since 24-Nov-2012

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:

— Praveen Ayathan since 09-Jan-2015

Education: Mr. Praveen is a B.Sc (Mathematics).

Experience: Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.

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:

— Jalpan Shah since 30-May-2016

Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.

Experience: Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.

Funds Managed:

Invest Online

0.18%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 16.8370

Dividend Quarterly: ₹ 11.0060

Dividend Monthly: ₹ 10.5260

The scheme seeks to generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.

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

Exit Load

For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Fund House:	L&T Mutual Fund
Launch Date:	18-Oct-2011
Return Since Launch:	6.16%
Benchmark:	NIFTY Equity Savings TRI
Riskometer:	Moderately High
Type:	Open-ended
Assets:	₹ 81 Cr (As on 31-May-2020)
Expense:	1.60% (As on 31-May-2020)
Risk Grade:	Above Average
Return Grade:	Below Average
Turnover:	393.03%

Plan

Record Date

Dividend (₹ / Unit)

Dividend Monthly

25-Feb-2020

0.0620

More...

	27-Jan-2020	0.0708
	26-Dec-2019	0.0708
	25-Nov-2019	0.0708
	25-Oct-2019	0.0443
	25-Sep-2019	0.0797
	25-Jul-2019	0.0443
	25-Jun-2019	0.0443
	27-May-2019	0.0443
	25-Apr-2019	0.0443
	25-Mar-2019	0.0443
	25-Feb-2019	0.0443
	25-Jan-2019	0.0443
	26-Dec-2018	0.0443
	26-Nov-2018	0.0443
	25-Oct-2018	0.0354
	25-Sep-2018	0.0708
	27-Aug-2018	0.0708
	25-Jul-2018	0.0708
	25-Jun-2018	0.0708
	25-May-2018	0.0708
	25-Apr-2018	0.0708
	26-Mar-2018	0.0800
	26-Feb-2018	0.0800
	25-Jan-2018	0.0800

Dividend Quarterly

24-Jun-2019

0.0708

More...

	22-Mar-2019	0.1328
	27-Dec-2018	0.1328
	27-Sep-2018	0.1771
	22-Jun-2018	0.1771
	23-Mar-2018	0.1500
	22-Dec-2017	0.1500
	20-Sep-2017	0.1500
	21-Jun-2017	0.1000
	23-Mar-2017	0.2000
	28-Dec-2016	0.2000
	28-Sep-2016	0.2000
	29-Jun-2016	0.2500
	23-Mar-2016	0.1000
	30-Dec-2015	0.1083
	29-Sep-2015	0.1083
	29-Jun-2015	0.1083
	26-Mar-2015	0.1815
	29-Dec-2014	0.1815
	24-Sep-2014	0.1948
	24-Jun-2014	0.2338
	24-Mar-2014	0.1403
	24-Dec-2013	0.1169
	25-Sep-2013	0.0468
	26-Jun-2013	0.1559

Fund News - 17-Dec-2019

Fund Manager change in schemes of L&T Mutual Fund
Fund News - 27-Nov-2019

Benchmark change in schemes of L&T Mutual Fund
Fundwire - 16-Nov-2019

Soumendra Nath Lahiri quits L&T Mutual Fund
Fundwire - 12-May-2017

A better alternative
Fundwire - 11-Apr-2017

The emergence of a new breed

L&T Equity Savings Fund

₹ 0.95 Lakh

₹ 1.03 Lakh

₹ 1.17 Lakh

₹ 1.51 Lakh

₹ 1.19 Lakh

₹ 3.53 Lakh

₹ 6.22 Lakh

₹ 9.44 Lakh

Trailing Returns (%)

Peer Comparison

Best & Worst Performance

Risk Measures (%)

Asset Allocation (%)

Concentration & Valuation

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

Top Debt Holdings

Sector Allocation vis-à-vis Category

Top Equity Holdings

Fund Manager

0.18%

Investment Strategy

Investment Details

Basic Details

Most Recent Dividends

News & Analysis

Contact Information

Last Session

Winning and losing

Knowledge Centre

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