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L&T India Value Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.27 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.89 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 follows a value/contrarian style of investing, which endeavours to find stocks that are priced significantly lower than what the fund management team believes their true worth is.

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 value oriented 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.10 -0.71 -0.13 2.86 7.91 8.63 12.18 8.41 10.10 17.80 --
S&P BSE 100 TRI 1.21 0.59 -0.58 0.96 5.99 9.48 12.85 13.74 8.22 12.29 --
Equity: Value Oriented 2.71 -0.62 0.21 2.63 6.69 8.06 9.43 8.48 7.62 13.97 --
Rank within category 8 11 13 8 3 8 5 8 3 1 --
Number of funds in category 17 17 17 17 17 17 17 14 13 13 1

As on 27-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 11.34 (15-May-2014 - 22-May-2014) -9.49 (19-Aug-2015 - 26-Aug-2015)
Month 29.16 (07-May-2014 - 06-Jun-2014) -13.69 (07-Sep-2018 - 09-Oct-2018)
Quarter 41.67 (10-Mar-2014 - 09-Jun-2014) -15.46 (30-Nov-2015 - 29-Feb-2016)
Year 97.73 (03-Mar-2014 - 03-Mar-2015) -16.31 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.91 14.40 0.36 0.56 0.57 7.23
S&P BSE 100 TRI 14.72 12.42 0.72 1.12 -- --
Equity: Value Oriented 10.65 13.89 0.36 0.56 0.53 6.83
Rank within category 9 9 9 8 10 9
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 80
Top 10 Stocks (%) 43.42
Top 5 Stocks (%) 29.06
Top 3 Sectors (%) 60.40
Portfolio P/B Ratio 2.60
Portfolio P/E Ratio 22.87

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 75,603 81,259
Giant (%) 48.51 46.77
Large (%) 12.82 15.67
Mid (%) 28.89 24.66
Small (%) 9.74 14.49
Tiny (%) 0.04 0.40

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
down ICICI Bank Financial 36.58 7.98 1.27 7.97
down Reliance Industries Energy 22.02 7.94 1.50 7.69
equal HDFC Bank Financial 25.29 4.93 0.00 4.93
equal HDFC Financial 34.12 4.48 0.74 4.35
up Infosys Technology 20.26 6.26 0.61 4.12
equal State Bank of India Financial 27.89 5.27 0.79 3.54
down Larsen & Toubro Construction 19.37 4.39 0.92 3.35
up Axis Bank Financial 43.59 4.36 0.00 3.33
up HCL Technologies Technology 15.72 2.62 0.72 2.34
up Coromandel International Chemicals 21.27 1.80 0.00 1.80
equal The Ramco Cements Construction 32.27 2.11 0.87 1.79
equal Cholamandalam Invest. & Fin. Financial 19.65 1.79 0.00 1.78
equal Muthoot Finance Financial 12.63 1.74 0.79 1.74
equal ICICI Lombard General Insurance Financial 53.46 1.69 0.00 1.69
down Oberoi Realty Construction 35.09 2.05 0.00 1.69
equal MRF Automobile 28.05 1.92 0.00 1.68
down Bajaj Finserv Financial 40.74 2.07 0.84 1.63
equal Manappuram Finance Financial 13.29 2.13 0.00 1.61
up Jindal Steel & Power Metals -- 2.10 0.00 1.59
up Bharti Airtel Communication -- 1.54 0.00 1.54
down HPCL Energy 7.22 2.11 0.28 1.41
equal Indian Hotels Services 48.23 1.53 0.00 1.41
down ITC FMCG 20.77 4.32 0.73 1.32
equal Divi's Laboratories Healthcare 39.50 3.39 0.00 1.26
equal Shree Cement Construction 65.75 1.16 0.00 1.15

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 01-Jan-2013

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:


-0.71%

Change from previous, NAV as on 27-Jan-2020

Growth: ₹ 39.4560

Dividend: ₹ 29.7940


Investment Strategy

The Scheme seeks to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, in the Indian markets with higher focus on undervalued securities. It could also additionally invest in Foreign Securities in international markets.

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: 17.82%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 7,759 Cr (As on 31-Dec-2019)
Expense: 0.88% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Above Average
Turnover: 30.66%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend21-Jun-20181.2396

 15-Jun-20171.5000
 21-Jun-20160.7500
 19-Jun-20152.0000
 26-Jun-20141.0000

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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dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM