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2 star

L&T Tax Advantage Fund - Direct Plan download report


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.58 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.59 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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 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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(₹)
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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
L&T Tax Adv Direct-G -5.35 0.17 1.62 11.54 3.08 -3.53 1.47 16.42 8.96 10.52 --
S&P BSE 500 TRI 0.64 0.04 1.62 10.88 4.16 -0.06 8.03 20.74 12.70 12.49 --
Equity: ELSS -1.13 0.22 1.38 9.90 4.51 -1.94 5.46 20.40 12.13 12.01 --
Rank within category 33 21 11 3 32 30 30 30 29 20 --
Number of funds in category 36 36 36 36 36 36 36 35 32 28 1

As on 05-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Tax Advantage Fund - Direct Plan  | Invest Online
2 star
Jan-13 1.47 16.42 8.96 1.22 2,875
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 5.15 23.94 16.29 0.57 11,495
DSP Tax Saver Fund - Direct Plan
4 star
Jan-13 3.47 21.92 13.53 0.84 9,091
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.38 24.72 16.49 0.66 3,518
IDFC Tax Advantage (ELSS) Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.89 25.80 14.47 0.77 3,399

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.14 01-Apr-2020 - 09-Apr-2020 -18.44 11-Mar-2020 - 18-Mar-2020
Month 19.02 24-Mar-2020 - 23-Apr-2020 -36.54 20-Feb-2020 - 23-Mar-2020
Quarter 32.93 24-Mar-2020 - 23-Jun-2020 -35.16 23-Dec-2019 - 23-Mar-2020
Year 88.17 23-Mar-2020 - 23-Mar-2021 -31.60 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Tax Adv Direct-G 16.68 22.80 0.58 0.62 1.00 -3.53
S&P BSE 500 TRI 20.28 22.43 0.75 0.86 -- --
Equity: ELSS 19.92 21.78 0.75 0.82 0.94 0.63
Rank within category 31 27 33 33 27 33
Number of funds in category 35 35 35 35 35 35

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 53.56
Top 5 Stocks (%) 37.97
Top 3 Sectors (%) 57.29
Portfolio P/B Ratio 3.76
Portfolio P/E Ratio 26.92

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,44,262 1,34,619
Giant (%) 49.16 53.55
Large (%) 23.40 18.01
Mid (%) 24.59 22.43
Small (%) 2.85 6.34
Tiny (%) -- 0.19

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 Reliance Industries Energy 26.17 10.10 0.00 10.10
equal ICICI Bank Financial 21.00 8.79 2.62 8.79
up Infosys Technology 30.46 7.64 2.75 7.64
up HDFC Bank Financial 20.45 6.59 2.34 5.86
equal State Bank of India Financial 13.18 6.37 1.19 5.58
equal The Indian Hotels Company Services -- 3.60 0.00 3.56
equal Titan Company Consumer Discretionary 73.93 3.88 0.00 3.35
equal Persistent Systems Technology 38.38 3.13 0.00 3.01
equal Tata Motors Automobile -- 3.70 0.00 2.97
equal SRF Diversified 34.98 2.76 0.00 2.70
down Bajaj Finance Financial 51.67 3.97 0.00 2.50
equal KPR Mills Textiles 21.75 3.62 0.97 2.42
equal Cholamandalam Investment & Finance Company Financial 26.66 2.54 0.00 2.40
equal UNO Minda Automobile 87.29 2.34 0.00 2.19
up Motherson Sumi Wiring India Automobile 60.51 2.19 0.00 2.19
equal Tata Power Company Energy 34.06 2.33 0.00 2.15
equal Tata Elxsi Technology 96.12 1.90 0.00 1.90
equal Sona BLW Precision Forgings Automobile 92.70 2.31 0.00 1.81
equal Cipla Healthcare 33.29 1.75 0.00 1.74
equal Avenue Supermarts Services 134.76 1.89 0.00 1.73
equal NTPC Energy 9.39 1.72 0.00 1.69
up Page Industries Textiles 100.85 1.60 0.00 1.60
equal DLF Construction 55.79 1.55 0.00 1.46
equal JK Paper Consumer Staples 9.22 1.54 0.00 1.43
equal Apollo Hospitals Healthcare 60.41 1.64 0.00 1.42

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 30-Jun-2022

Fund Manager

— Cheenu Gupta since 02-Jul-2021

Education: Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)

Experience: Prior to joining L&T Mutual Fund, she has worked with Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.

Funds Managed:

— Vihang Naik since 17-Dec-2019

Education: Mr. Naik is a CFA & BMS.

Experience: Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.

Funds Managed:


0.17%

Change from previous, NAV as on 05-Aug-2022

Growth: ₹ 82.0610

IDCW: ₹ 32.2230


Investment Strategy

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

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. Balance (₹) 500
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 13.76%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 2,875 Cr (As on 30-Jun-2022)
Expense Ratio: 1.22% (As on 30-Jun-2022)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 150.09%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-Mar-20221.0000

 26-Nov-20211.0000
 26-Mar-20210.9000
 24-Dec-20200.9000
 26-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

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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