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L&T Large and Midcap Fund - Direct Plan


1 Lakh

Investment declined to
₹ 0.91 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.05 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. But be prepared for ups and downs in your investment value along the way.

This fund invests in a combination of large and medium-sized companies, thereby providing some degree of flexibility to the fund management team to invest in companies of different sizes, depending upon where it expects maximum gains. We believe this flexibility is good for fund investors but we suggest one should also consider multi cap funds which offer complete freedom to fund managers to choose companies of different sizes.

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 large and mid cap fund, 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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(₹)
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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 -19.55 -0.35 -1.08 0.97 -23.12 -17.65 -15.05 -3.25 2.56 9.83 --
S&P BSE Large Mid Cap TRI -24.81 -0.74 -1.17 -1.69 -24.87 -23.35 -21.39 -1.34 2.70 7.71 --
Equity: Large & MidCap -22.17 -0.54 -1.08 -1.34 -25.22 -20.78 -17.27 -2.47 3.33 11.06 --
Rank within category 5 6 10 2 5 4 9 13 13 12 --
Number of funds in category 26 27 27 27 27 25 24 20 20 18 0

As on 22-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.59 (01-Apr-2020 - 09-Apr-2020) -18.76 (11-Mar-2020 - 18-Mar-2020)
Month 19.09 (23-Mar-2020 - 22-Apr-2020) -36.06 (20-Feb-2020 - 23-Mar-2020)
Quarter 26.65 (11-Mar-2014 - 10-Jun-2014) -33.00 (23-Dec-2019 - 23-Mar-2020)
Year 70.32 (13-Feb-2014 - 13-Feb-2015) -29.19 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 0.89 21.53 -0.21 -0.23 1.01 -3.02
S&P BSE Large Mid Cap TRI 3.81 20.66 -0.08 -0.09 -- --
Equity: Large & MidCap 2.05 21.58 -0.16 -0.16 1.00 -1.86
Rank within category 14 10 13 15 11 13
Number of funds in category 22 22 22 22 22 22

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

As on 30-Apr-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 46
Top 10 Stocks (%) 39.91
Top 5 Stocks (%) 21.68
Top 3 Sectors (%) 49.54
Portfolio P/B Ratio 3.51
Portfolio P/E Ratio 22.14

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 65,183 58,751
Giant (%) 43.28 40.94
Large (%) 16.92 12.90
Mid (%) 36.97 42.74
Small (%) 2.65 5.22
Tiny (%) 0.17 0.25

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 24.60 4.83 0.00 4.83
equal Abbott India Healthcare 58.74 4.42 0.00 4.42
equal HDFC Bank Financial 16.88 5.54 0.00 4.35
equal ICICI Bank Financial 19.71 7.91 0.00 4.20
equal Tata Consultancy Services Technology 23.43 5.72 1.77 3.88
equal ITC FMCG 15.29 5.38 0.00 3.83
equal Jubilant FoodWorks Services 76.39 3.84 0.00 3.70
equal Torrent Pharmaceuticals Healthcare 78.70 3.69 0.00 3.69
equal Bharti Airtel Communication -- 3.53 0.00 3.53
equal Pfizer Healthcare 37.07 3.48 0.00 3.48
equal Infosys Technology 17.77 3.50 0.00 3.45
equal HCL Technologies Technology 13.01 3.37 1.86 3.37
equal Atul Chemicals 19.03 3.01 0.00 3.01
equal Hindustan Unilever FMCG 69.18 3.38 0.00 2.85
up Kotak Mahindra Bank Financial 25.84 4.77 0.00 2.80
equal City Union Bank Financial 12.59 3.54 0.00 2.72
equal AIA Engineering Metals 25.77 2.69 0.00 2.69
equal Larsen & Toubro Construction 11.72 5.22 2.63 2.63
equal Mphasis Technology 13.20 3.44 1.11 2.50
up Varun Beverages FMCG 34.82 2.17 0.00 2.17
equal Akzo Nobel India Chemicals 32.28 2.46 0.00 2.05
equal Supreme Industries Chemicals 26.60 2.06 0.00 2.01
equal Amara Raja Batteries Engineering 15.75 2.14 0.00 1.99
up Bata India FMCG 43.25 1.91 0.00 1.91
equal Colgate-Palmolive FMCG 43.76 1.88 0.00 1.88

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-Apr-2020

Fund Manager

— 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:

— 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:


-0.35%

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

Growth: ₹ 41.1540

Dividend: ₹ 21.8410


Investment Strategy

The scheme aims to invest in undervalued companies for long term investment with key theme focus being 'Special Situations' - these are situations that are out-of-the-ordinary and which therefore present interesting stock picking opportunities.

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: 01-Jan-2013
Return Since Launch: 9.05%
Benchmark: NIFTY Large Midcap 250 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,084 Cr (As on 30-Apr-2020)
Expense: 1.42% (As on 30-Apr-2020)
Risk Grade: Above Average
Return Grade: Average
Turnover: 33.80%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-Apr-20200.1500

 24-Feb-20200.1682
 23-Jan-20200.1682
 23-Dec-20190.1682
 22-Nov-20190.1682
 23-Oct-20190.1682
 23-Sep-20190.1682
 23-Aug-20190.1771
 23-Jul-20190.1859
 24-Jun-20190.1859
 23-May-20190.1859
 23-Apr-20190.2125
 25-Mar-20190.1771
 25-Feb-20190.1771
 23-Jan-20190.1771
 24-Dec-20180.1771
 26-Nov-20180.1771
 23-Oct-20180.1771
 24-Sep-20180.1771
 23-Aug-20180.1771
 23-Jul-20180.1771
 22-Jun-20180.1771
 23-May-20180.1771
 23-Apr-20180.1771
 23-Mar-20180.1500

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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