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L&T Infrastructure Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.33 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.72 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in shares of companies engaged in infrastructure-related activities or are expected to benefit from them.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other infrastructure 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 7.18 1.47 1.58 8.19 7.12 8.87 9.01 9.93 9.89 14.71 --
S&P BSE India Infrastructure TRI 3.89 1.76 -1.32 5.61 0.16 -3.48 -0.83 -0.42 1.30 7.09 --
Equity: Sectoral-Infrastructure 4.68 1.17 0.42 5.85 6.01 5.57 11.03 7.51 6.09 11.32 --
Rank within category 1 3 1 3 6 5 16 6 1 4 --
Number of funds in category 20 20 20 20 20 20 20 20 18 17 0

As on 23-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 14.51 (12-May-2014 - 19-May-2014) -9.35 (11-Jan-2016 - 18-Jan-2016)
Month 32.78 (07-May-2014 - 06-Jun-2014) -13.81 (07-Sep-2018 - 09-Oct-2018)
Quarter 54.53 (21-Feb-2014 - 23-May-2014) -20.69 (07-May-2013 - 06-Aug-2013)
Year 102.91 (03-Sep-2013 - 03-Sep-2014) -22.90 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 11.04 17.23 0.31 0.52 0.81 8.32
S&P BSE India Infrastructure TRI 2.05 19.27 -0.29 -- -- --
Equity: Sectoral-Infrastructure 9.20 18.13 0.21 0.35 0.87 6.69
Rank within category 6 9 6 6 8 6
Number of funds in category 20 20 20 20 20 20

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 51
Top 10 Stocks (%) 45.85
Top 5 Stocks (%) 30.09
Top 3 Sectors (%) 79.77
Portfolio P/B Ratio 2.36
Portfolio P/E Ratio 18.93

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 16,392 36,889
Giant (%) 18.92 33.85
Large (%) 8.32 12.17
Mid (%) 34.31 26.49
Small (%) 38.13 28.31
Tiny (%) 0.31 1.26

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 Larsen & Toubro Construction 19.46 9.73 4.60 7.72
equal Bharti Airtel Communication -- 7.03 0.00 6.76
equal The Ramco Cements Construction 32.54 6.41 1.74 6.33
equal Grasim Industries Construction 12.37 5.67 0.00 5.30
equal AIA Engineering Metals 28.91 3.98 1.19 3.98
equal Orient Refractories Ltd. Construction 31.79 3.66 0.95 3.66
down BEML Engineering 49.77 3.36 0.00 3.31
down Bharat Electronics Engineering 14.66 4.07 1.17 3.22
equal Mahanagar Gas Energy 16.22 2.89 0.00 2.89
equal ACC Construction 15.92 2.78 0.00 2.68
down Polycab India Engineering 22.22 2.63 0.00 2.63
equal Engineers India Construction 16.74 2.97 1.34 2.56
equal Honeywell Automation Engineering 58.84 2.44 0.00 2.44
equal Maharashtra Seamless Metals 7.55 2.64 1.01 2.35
equal Finolex Cables Engineering 17.39 2.30 0.00 2.30
equal NTPC Energy 9.77 2.27 0.00 2.27
equal Thermax Engineering 44.21 2.08 0.00 2.08
equal Rites Construction 13.80 2.07 0.00 2.07
equal Ultratech Cement Construction 40.94 1.92 0.00 1.91
equal Grindwell Norton Metals 39.64 1.89 0.00 1.89
equal Siemens Engineering 52.03 1.94 0.00 1.63
equal Future Supply Chain Solutions Ltd. Services 33.35 2.01 0.00 1.62
equal ISGEC Heavy Engineering Engineering 20.60 2.42 0.89 1.61
equal Techno Electric & Engineering Engineering 16.45 1.61 0.00 1.61
equal Prestige Estates Projects Construction 34.39 1.56 0.00 1.56

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:


1.47%

Change from previous, NAV as on 23-Jan-2020

Growth: ₹ 17.3100

Dividend: ₹ 17.3000


Investment Strategy

The scheme endeavours to generate capital appreciation by investing primarily in companies that are engaged in the area of infrastructure. The fund would select fundamentally sound companies, having potential to deliver superior earning growth in long run.

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: 14.29%
Benchmark: NIFTY Infrastructure TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,625 Cr (As on 31-Dec-2019)
Expense: 1.18% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: High
Turnover: 33.13%

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