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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
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.76 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 0.78 0.08 0.79 -0.97 7.81 16.34 2.87 2.85 4.59 7.23 --
VR MIP TRI 1.28 -0.03 0.18 -0.78 3.10 9.92 4.27 6.46 7.60 8.77 --
Hybrid: Equity Savings 0.29 -0.07 0.40 -1.33 4.40 13.11 2.69 3.40 5.57 -- --
Rank within category 9 3 3 8 1 4 13 11 9 -- --
Number of funds in category 23 23 23 23 23 23 23 14 10 0 0

As on 29-Sep-2020

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 2.87 2.85 4.59 1.61 78
Kotak Equity Savings Fund - Regular Plan  | Invest Online
4 star
 Oct-14 5.74 5.96 7.18 2.20 1,367
ICICI Prudential Equity Savings Fund  | Invest Now
4 star
 Dec-14 1.05 4.74 7.21 1.49 1,146
Axis Equity Saver Fund - Regular Plan  | Invest Online
4 star
 Aug-15 0.98 5.22 6.09 2.33 689
HDFC Equity Savings Fund  | Invest Online
3 star
 Sep-04 -0.51 2.65 7.17 2.05 3,004

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 15.86 (19-May-2020 - 18-Aug-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 3.07 10.04 -0.21 -0.20 1.38 -3.89
VR MIP TRI 6.45 6.54 0.20 0.22 -- --
Hybrid: Equity Savings 3.80 9.12 -0.12 -0.11 1.29 -3.03
Rank within category 14 13 14 13 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-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 58
Number of Bonds 6
Average Maturity (yrs) 2.72
Top 10 Holdings (%) 57.87
Portfolio P/B Ratio 2.23
Portfolio P/E Ratio 22.45

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 13.75
equal HDFC Bank Fixed Deposits -- 0.00 - 13.10 13.10
equal 8.75% Amba River Coke 2022 Non Convertible Debenture AA- 0.00 - 2.54 2.54
equal Aditya Birla Housing Finance 13/04/2022 Debenture AAA 0.58 - 1.08 1.08
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
equal ICICI Bank Financial 24.20 8.49 0.14 8.49
down Glenmark Pharma. Healthcare 14.88 4.55 0.00 4.55
equal Vedanta Metals -- 6.98 0.30 3.53
equal HDFC Bank Financial 20.51 7.97 0.66 3.43
up SRF Diversified 23.60 3.10 0.00 3.10
down Infosys Technology 25.27 7.68 0.00 2.87
down Reliance Industries Energy 35.73 9.51 0.41 2.52
down Torrent Pharmaceuticals Healthcare 40.62 4.20 0.00 1.70
equal HCL Technologies Technology 18.75 1.69 0.22 1.68
down Adani Ports and Special Economic Zone Services 19.78 2.40 0.00 1.59
up HDFC Financial 14.01 4.32 0.23 1.36
equal Persistent Systems Technology 29.35 1.34 0.00 1.34
equal Navin Fluorine International Chemicals 24.56 1.65 0.25 1.28
equal Ambuja Cements Construction 21.64 1.31 0.00 1.26
equal Maruti Suzuki India Automobile 50.48 3.03 0.39 1.25
equal Bharti Airtel Communication -- 1.33 0.00 1.22
equal Coromandel International Chemicals 18.53 1.22 0.00 1.20
equal Pidilite Industries Chemicals 85.24 1.18 0.00 1.16
down Shree Cement Construction 48.16 1.87 0.00 1.15
equal State Bank of India Financial 7.65 5.02 0.23 1.13
down Divi's Laboratories Healthcare 50.85 1.67 0.47 1.06
equal Tata Consultancy Services Technology 29.90 1.92 0.21 1.00
equal Hero Motocorp Automobile 25.95 1.58 0.00 0.96
equal Tata Consumer Products FMCG 91.49 0.96 0.27 0.96
down Hindustan Unilever FMCG 69.78 1.97 0.13 0.94

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-Aug-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
0.08%

Change from previous, NAV as on 29-Sep-2020

Growth: ₹ 18.0040

Dividend Quarterly: ₹ 11.7690

Dividend Monthly: ₹ 11.1750

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: 6.79%
Benchmark: NIFTY Equity Savings TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 78 Cr (As on 31-Aug-2020)
Expense: 1.61% (As on 31-Aug-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 439.36%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-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
 27-Aug-20180.0708
 25-Jul-20180.0708
 25-Jun-20180.0708
 25-May-20180.0708
 25-Apr-20180.0708
 26-Mar-20180.0800
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: 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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