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L&T Equity Savings Fund

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Hybrid: Equity Savings

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1 Lakh

Investment Grown to
₹ 1.17 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.18 Lakh

Suitability:

Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.

They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.

Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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 3.26 -0.15 -0.65 -0.21 1.05 11.61 27.37 5.46 7.05 8.12 --
VR MIP TRI 0.85 -0.15 -0.12 -0.69 -0.91 7.50 18.68 8.61 8.95 9.09 --
Hybrid: Equity Savings 2.11 -0.01 -0.31 -0.61 0.26 9.47 21.47 6.21 7.60 -- --
Rank within category 5 19 21 4 5 6 3 14 9 -- --
Number of funds in category 23 23 23 23 23 23 23 15 12 0 0

As on 20-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Equity Savings Fund  | Invest Online
2 star
 Oct-11 27.37 5.46 7.05 1.57 67
HDFC Equity Savings Fund  | Invest Online
4 star
 Sep-04 23.77 6.69 9.54 2.26 2,332
Kotak Equity Savings Fund - Regular Plan  | Invest Online
4 star
 Oct-14 19.40 7.49 8.56 2.21 1,391
Axis Equity Saver Fund - Regular Plan
4 star
 Aug-15 21.92 7.73 8.43 2.41 725
SBI Equity Savings Fund - Regular Plan  | Invest Online
3 star
 May-15 26.94 7.48 8.17 1.70 1,365

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.27 29-Jan-2021 - 05-Feb-2021 -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 15.86 19-May-2020 - 18-Aug-2020 -16.40 23-Dec-2019 - 23-Mar-2020
Year 37.95 23-Mar-2020 - 23-Mar-2021 -15.49 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.76 10.69 0.21 0.22 1.45 -4.62
VR MIP TRI 9.24 6.80 0.70 0.81 -- --
Hybrid: Equity Savings 7.22 9.66 0.31 0.35 1.33 -3.61
Rank within category 14 13 15 14 12 14
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 31-Mar-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 53
Number of Bonds 5
Average Maturity (yrs) * --
Top 10 Holdings (%) 41.83
Portfolio P/B Ratio 2.50
Portfolio P/E Ratio 23.65

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 - 13.75 8.00
new L&T Liquid Plan Direct-Growth Mutual Fund Unrated 0.00 - 2.98 2.98
equal 8.75% Amba River Coke 2022 Non Convertible Debenture AA- 2.20 - 2.97 2.88
equal Aditya Birla Housing Finance 13/04/2022 Debenture AAA 0.96 - 1.33 1.33
equal 6.00% Zee Entertainment 2022 Preference Shares -- 0.01 - 0.02 0.01
equal Others Margin Money -- - 0.30

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 26.22 9.10 0.14 7.08
equal HDFC Financial 24.88 5.96 0.23 5.96
down HDFC Bank Financial 24.08 7.97 0.68 3.96
equal State Bank of India Financial 12.68 5.02 0.23 3.51
equal Infosys Technology 29.74 7.68 0.53 3.19
equal Bajaj Auto Automobile 22.36 2.30 0.00 2.19
equal Reliance Industries Energy 30.43 9.51 0.85 2.09
equal Indiabulls Housing Finance Financial 7.18 2.14 0.00 1.99
down Ambuja Cements Construction 24.83 1.93 0.00 1.93
equal SRF Diversified 36.35 3.64 0.00 1.91
equal Pidilite Industries Chemicals 91.57 1.75 0.00 1.75
equal HCL Technologies Technology 19.74 2.20 0.36 1.71
new Power Grid Corporation Energy 10.57 1.54 0.00 1.54
equal Tata Power Energy 26.28 1.56 0.00 1.45
equal Larsen & Toubro Construction 16.28 2.01 0.62 1.37
equal Cholamandalam Financial Holdings Financial 13.54 1.27 0.31 1.27
equal Tata Steel Metals -- 1.16 0.00 1.16
equal Oberoi Realty Construction 27.59 1.13 0.37 1.13
equal Sun Pharmaceutical Inds. Healthcare 64.23 3.37 0.18 1.11
down Persistent Systems Technology 36.74 1.62 0.29 1.10
equal Jindal Steel & Power Metals 21.24 3.21 0.17 1.02
equal Shree Cement Construction 52.27 1.87 0.29 1.01
equal Maruti Suzuki India Automobile 44.89 3.03 0.39 1.00
equal Emami FMCG 58.66 0.98 0.00 0.98
equal ITC FMCG 18.89 7.11 0.34 0.95

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-Mar-2021

Fund Manager

— Venugopal Manghat since 24-Nov-2012

— 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 Mutual Fund, 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.

Interviews:

Funds Managed:

Invest Online
-0.15%

Change from previous, NAV as on 20-Apr-2021

Growth: ₹ 20.4340

IDCW Quarterly: ₹ 13.0220

IDCW Monthly: ₹ 12.3210

Investment Strategy

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.

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
Lock-in Period Not Applicable
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: 18-Oct-2011
Return Since Launch: 7.80%
Benchmark: NIFTY Equity Savings TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 67 Cr (As on 31-Mar-2021)
Expense: 1.57% (As on 31-Mar-2021)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 450.69%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly25-Mar-20210.0600

 25-Feb-20210.0600
 25-Jan-20210.0600
 28-Dec-20200.0600
 25-Nov-20200.0600
 26-Oct-20200.0500
 25-Sep-20200.0400
 25-Aug-20200.0400
 25-Feb-20200.0620
 27-Jan-20200.0708
 26-Dec-20190.0708
 25-Nov-20190.0708
 25-Oct-20190.0443
 25-Sep-20190.0797
 25-Jul-20190.0443
 25-Jun-20190.0443
 27-May-20190.0443
 25-Apr-20190.0443
 25-Mar-20190.0443
 25-Feb-20190.0443
 25-Jan-20190.0443
 26-Dec-20180.0443
 26-Nov-20180.0443
 25-Oct-20180.0354
 25-Sep-20180.0708
IDCW Quarterly19-Mar-20210.1800

 23-Dec-20200.1500
 24-Jun-20190.0708
 22-Mar-20190.1328
 27-Dec-20180.1328
 27-Sep-20180.1771
 22-Jun-20180.1771
 23-Mar-20180.1500
 22-Dec-20170.1500
 20-Sep-20170.1500
 21-Jun-20170.1000
 23-Mar-20170.2000
 28-Dec-20160.2000
 28-Sep-20160.2000
 29-Jun-20160.2500
 23-Mar-20160.1000
 30-Dec-20150.1083
 29-Sep-20150.1083
 29-Jun-20150.1083
 26-Mar-20150.1815
 29-Dec-20140.1815
 24-Sep-20140.1948
 24-Jun-20140.2338
 24-Mar-20140.1403
 24-Dec-20130.1169

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: http://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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