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L&T Tax Advantage Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.37 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.92 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. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, 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 ELSS, 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.35 -0.22 -0.84 2.20 7.56 9.67 9.97 11.20 8.94 13.87 --
S&P BSE 500 TRI 0.82 -0.40 -1.36 0.51 5.44 8.33 10.40 12.86 8.32 12.26 --
Equity: ELSS 1.14 -0.32 -1.01 1.14 5.04 9.38 11.85 12.05 8.59 14.10 --
Rank within category 5 12 19 7 4 19 23 22 13 16 --
Number of funds in category 38 38 38 38 37 36 35 34 30 27 1

As on 22-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 16.74 (07-May-2014 - 06-Jun-2014) -12.09 (07-Sep-2018 - 09-Oct-2018)
Quarter 24.54 (21-Feb-2014 - 23-May-2014) -14.03 (30-Nov-2015 - 29-Feb-2016)
Year 62.50 (30-Jan-2014 - 30-Jan-2015) -14.92 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 12.00 12.93 0.49 0.76 0.95 -1.37
S&P BSE 500 TRI 13.80 13.09 0.92 -- -- --
Equity: ELSS 13.10 13.33 0.55 0.82 0.96 -0.35
Rank within category 24 13 22 23 16 22
Number of funds in category 34 34 34 34 34 34

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 61
Top 10 Stocks (%) 42.28
Top 5 Stocks (%) 27.27
Top 3 Sectors (%) 60.73
Portfolio P/B Ratio 3.59
Portfolio P/E Ratio 27.55

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 86,242 98,037
Giant (%) 53.34 52.66
Large (%) 9.47 14.56
Mid (%) 27.94 24.99
Small (%) 9.25 8.12
Tiny (%) -- 0.23

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 65.87 7.94 1.10 7.94
equal HDFC Bank Financial 25.86 6.59 3.72 6.59
equal Tata Consultancy Services Technology 25.54 5.63 1.69 4.77
up Kotak Mahindra Bank Financial 34.73 4.15 1.93 4.15
equal Reliance Industries Energy 22.41 4.21 0.00 3.82
equal Larsen & Toubro Construction 19.20 3.83 2.94 3.27
equal Bharti Airtel Communication -- 3.02 0.00 2.98
equal Infosys Technology 20.06 3.44 0.29 2.96
up HCL Technologies Technology 15.36 3.14 0.00 2.95
equal HDFC Financial 34.43 4.42 0.00 2.85
equal Axis Bank Financial 45.23 3.09 0.00 2.62
equal The Ramco Cements Construction 31.26 2.71 1.92 2.38
equal Future Retail Services 24.54 3.42 1.83 2.27
equal Sanofi India Healthcare 38.77 2.21 0.00 2.19
equal Emami FMCG 46.31 2.26 0.00 2.14
equal City Union Bank Financial 23.74 2.08 0.00 2.08
equal State Bank of India Financial 27.88 3.15 0.00 1.96
equal Abbott India Healthcare 51.41 1.93 0.00 1.93
equal Cholamandalam Invest. & Fin. Financial 20.40 1.90 0.00 1.83
equal Berger Paints India Chemicals 84.96 1.80 0.82 1.78
equal Sun Pharmaceutical Inds. Healthcare 24.73 2.38 0.45 1.74
equal Trent Services 136.97 1.75 0.63 1.73
equal ITC FMCG 21.06 4.07 1.70 1.70
equal ICICI Lombard General Insurance Financial 52.38 1.55 0.00 1.55
equal RBL Bank Financial 21.72 3.10 0.00 1.46

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

— 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:


-0.22%

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

Growth: ₹ 59.2420

Dividend: ₹ 26.2800


Investment Strategy

The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 13.78%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,382 Cr (As on 31-Dec-2019)
Expense: 1.44% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average
Turnover: 27.32%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Nov-20190.7969

 22-Mar-20191.0625
 22-Nov-20181.0625
 16-Mar-20181.2000
 17-Nov-20171.2000
 17-Mar-20171.0000
 18-Nov-20161.0000
 18-Mar-20160.5000
 24-Nov-20151.2000
 27-Feb-20151.7000
 12-Dec-20142.0000
 21-Mar-20141.2000

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