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L&T Equity Savings Fund

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Hybrid: Equity Savings

1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.81 Lakh

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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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(₹)
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 0.66 -0.85 -0.81 -1.52 1.74 6.53 5.07 4.59 4.83 7.21 --
VR MIP TRI 0.93 0.29 -0.01 0.62 1.79 5.47 10.56 8.63 7.38 8.89 --
Hybrid: Equity Savings 0.50 -0.69 -0.38 -0.64 1.25 5.67 7.71 5.89 6.69 -- --
Rank within category 10 18 22 20 10 10 19 13 6 -- --
Number of funds in category 23 23 23 23 23 23 21 14 6 0 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.44 (19-Sep-2019 - 26-Sep-2019) -3.05 (03-Jun-2019 - 10-Jun-2019)
Month 6.55 (07-May-2014 - 06-Jun-2014) -4.61 (07-Sep-2018 - 09-Oct-2018)
Quarter 9.34 (10-Mar-2014 - 09-Jun-2014) -6.27 (24-May-2019 - 23-Aug-2019)
Year 25.92 (03-Mar-2014 - 03-Mar-2015) -4.25 (21-Aug-2018 - 22-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.16 4.97 -0.10 -0.13 0.90 -2.72
VR MIP TRI 8.13 4.10 0.60 0.95 -- --
Hybrid: Equity Savings 6.10 4.57 0.12 0.18 0.90 -1.80
Rank within category 11 10 11 11 8 13
Number of funds in category 15 15 15 15 15 15

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 64
Number of Bonds 9
Average Maturity (yrs) * 0.70
Top 10 Holdings (%) 38.75
Portfolio P/B Ratio 2.65
Portfolio P/E Ratio 22.43

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 HDFC Bank Fixed Deposits -- 0.00 - 7.73 7.10
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 4.14 4.14
equal 8.19% Tata Housing Devp. Co. 23/04/2020 Debenture AA 0.99 - 1.78 1.78
equal 8.75% Amba River Coke 2022 Non Convertible Debenture AA 0.00 - 1.68 1.68
equal TMF Holdings 15/04/2020 Debenture AA- 0.00 - 1.15 1.15
equal Aditya Birla Housing Finance 13/04/2022 Debenture AAA 0.00 - 0.70 0.70
down 8.75% Indiabulls Housing Finance 26/09/2021 Debenture AA+ 0.00 - 1.37 0.43
equal 6.00% Zee Entertainment 2022 Preference Shares -- 0.01 - 0.02 0.02

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 HDFC Bank Financial 25.23 7.97 0.60 6.71
down Reliance Industries Energy 21.12 9.51 0.20 4.00
up ICICI Bank Financial 36.13 5.16 0.14 3.78
equal HDFC Financial 18.18 4.32 0.23 3.39
down Axis Bank Financial 42.77 5.06 0.00 3.02
equal Infosys Technology 20.72 3.45 0.00 2.65
equal State Bank of India Financial 24.53 3.85 0.23 2.06
equal Sun Pharmaceutical Inds. Healthcare 23.87 3.37 0.00 1.89
equal ITC FMCG 16.65 6.03 0.34 1.71
equal Adani Enterprises Services 20.04 6.89 0.00 1.55
equal Shree Cement Construction 64.13 1.48 0.00 1.48
equal Cholamandalam Invest. & Fin. Financial 20.01 1.27 0.00 1.27
down HCL Technologies Technology 15.48 1.34 0.22 1.21
equal Grasim Industries Construction 11.75 1.19 0.00 1.19
equal Ultratech Cement Construction 35.94 1.02 0.00 1.02
equal Bharti Airtel Communication -- 1.02 0.00 1.02
equal Future Lifestyle Fashion Services 44.18 0.99 0.00 0.99
equal Future Retail Services 25.95 1.02 0.00 0.98
equal MRF Automobile 28.16 0.93 0.00 0.93
down Maruti Suzuki India Automobile 31.60 3.03 0.39 0.88
equal Bajaj Finserv Financial 37.59 0.87 0.00 0.87
equal Navin Fluorine International Chemicals 35.07 0.87 0.25 0.87
equal Cipla Healthcare 20.80 0.90 0.00 0.86
equal Ambuja Cements Construction 19.89 0.85 0.00 0.85
equal Bajaj Auto Automobile 16.37 0.85 0.00 0.85

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 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
-0.85%

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

Growth: ₹ 17.9830

Dividend Quarterly: ₹ 11.7550

Dividend Monthly: ₹ 11.3120

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
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: 7.27%
Benchmark: NIFTY Equity Savings TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 113 Cr (As on 31-Jan-2020)
Expense: 1.59% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 352.83%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly27-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
 27-Aug-20180.0708
 25-Jul-20180.0708
 25-Jun-20180.0708
 25-May-20180.0708
 25-Apr-20180.0708
 26-Mar-20180.0800
 26-Feb-20180.0800
 25-Jan-20180.0800
 26-Dec-20170.0800
Dividend Quarterly24-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
 25-Sep-20130.0468
 26-Jun-20130.1559

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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