VR Logo

2 star

L&T Midcap Fund - Direct Plan


Equity: Mid Cap

1 Lakh

Investment Grown to
₹ 1.59 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.26 Lakh

Suitability:

"When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.

This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.

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 mid-cap fund, if you need to redeem your investment in less than seven 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 29.15 0.46 -3.18 -3.00 -0.07 10.73 34.54 16.81 15.95 15.36 --
S&P BSE 150 MidCap TRI 45.73 0.59 -3.06 -1.39 4.23 16.33 52.35 23.84 19.05 17.26 --
Equity: Mid Cap 42.39 0.85 -2.86 -1.66 3.56 17.02 50.32 23.75 18.11 15.87 --
Rank within category 26 26 21 23 28 27 26 22 17 12 --
Number of funds in category 27 31 31 31 30 30 27 23 20 19 0

As on 30-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Midcap Fund - Direct Plan  | Invest Online
2 star
Jan-13 34.54 16.81 15.95 0.70% 6,909
Kotak Emerging Equity Fund - Direct Plan  | Invest Online
4 star
Jan-13 51.94 26.88 20.05 0.52% 16,485
Axis Midcap Fund - Direct Plan
5 star
Jan-13 45.63 27.47 24.12 0.46% 15,988
DSP Midcap Fund - Direct Plan  | Invest Online
4 star
Jan-13 30.50 21.29 16.94 0.77% 14,190
Nippon India Growth Fund - Direct Plan  | Invest Online
4 star
Jan-13 51.87 24.88 19.20 1.04% 11,919

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.61 15-May-2014 - 22-May-2014 -18.56 16-Mar-2020 - 23-Mar-2020
Month 21.74 09-May-2014 - 10-Jun-2014 -35.62 20-Feb-2020 - 23-Mar-2020
Quarter 37.09 13-Mar-2014 - 12-Jun-2014 -29.51 24-Dec-2019 - 24-Mar-2020
Year 103.26 28-Jan-2014 - 28-Jan-2015 -29.76 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 20.52 22.60 0.74 0.73 0.89 -3.40
S&P BSE 150 MidCap TRI 26.37 24.99 0.90 0.94 -- --
Equity: Mid Cap 25.72 23.06 0.95 0.98 0.90 1.68
Rank within category 22 8 21 21 9 21
Number of funds in category 23 23 23 23 23 23

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

As on 31-Oct-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 32.97
Top 5 Stocks (%) 19.36
Top 3 Sectors (%) 42.55
Portfolio P/B Ratio 4.02
Portfolio P/E Ratio 25.66

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 25,606 29,713
Giant (%) -- 5.01
Large (%) 17.03 14.39
Mid (%) 74.78 75.05
Small (%) 8.19 6.86
Tiny (%) 0.00 0.20

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Mphasis Technology 41.15 6.30 1.09 5.34
equal Emami FMCG 41.91 5.30 1.45 4.74
equal Godrej Properties Construction -- 3.32 0.51 3.29
equal Blue Dart Express Services 50.83 3.09 0.53 3.03
down Bayer CropScience Chemicals 48.73 4.38 1.07 2.96
equal Ipca Laboratories Healthcare 27.22 4.15 0.00 2.91
equal Ratnamani Metals & Tubes Metals 35.55 2.96 0.75 2.80
equal The Ramco Cements Construction 20.25 3.02 1.95 2.73
equal Sundaram Finance Financial 21.43 3.18 1.45 2.61
equal Abbott India Healthcare 56.55 3.19 1.74 2.56
equal The Indian Hotels Company Services -- 2.55 0.44 2.55
equal Cummins India Engineering 27.80 2.80 1.06 2.53
equal Supreme Industries Chemicals 23.68 2.84 1.59 2.26
down Birlasoft Technology 31.98 3.05 0.00 2.24
equal Cholamandalam Investment & Finance Company Financial 28.36 2.73 1.27 2.24
equal Max Financial Services Financial 107.71 2.58 0.00 2.15
equal Manappuram Finance Financial 7.88 2.36 0.34 2.10
equal Coromandel International Chemicals 16.18 2.65 0.63 2.09
equal 3M India Diversified 125.98 2.68 0.00 2.08
equal CRISIL Services 56.22 2.06 0.14 2.06
equal Bosch Automobile 36.68 1.94 0.00 1.94
equal Oberoi Realty Construction 32.78 1.97 0.54 1.90
equal Voltas Consumer Durable 67.40 1.83 0.00 1.74
down Multi Commodity Exchange Of India Services 44.65 2.50 0.24 1.73
equal ICICI Securities Financial 18.98 2.00 0.91 1.64

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-Oct-2021

Fund Manager

— Vihang Naik since 28-Jun-2016

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:


0.46%

Change from previous, NAV as on 30-Nov-2021

Growth: ₹ 219.7700

IDCW: ₹ 57.7700


Investment Strategy

To generate capital appreciation by investing primarily in midcap stocks. The Scheme will invest primarily in companies whose market capitalization falls between the highest and the lowest constituent of the Nifty Free Float Midcap 100 Index.

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
Lock-in Period Not Applicable
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: 20.10%
Benchmark: NIFTY Midcap 100 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 6,909 Cr (As on 31-Oct-2021)
Expense: 0.70% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average
Turnover: 12.77%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Aug-20213.7500

 26-Aug-20202.0000
 23-Aug-20193.0989
 17-Aug-20183.5416
 10-Aug-20174.0000
 18-Aug-20163.5000
 19-Aug-20153.0000
 27-Aug-20142.5000

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: 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

Upcoming Video

Investors' Hangout

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

attending You have reserved a spot