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4 star

L&T Midcap Fund - Direct Plan


Equity: Mid Cap

1 Lakh

Investment declined to
₹ 0.99 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.84 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.

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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 4.31 -0.73 0.74 -0.23 10.67 26.16 7.85 -0.35 10.11 20.31 --
S&P BSE 150 MidCap TRI 5.51 -0.71 0.61 0.75 11.51 31.27 10.75 0.56 8.93 17.19 --
Equity: Mid Cap 5.51 -0.75 0.22 0.79 10.78 28.15 9.75 1.88 8.50 18.62 --
Rank within category 17 11 4 23 13 18 18 16 5 5 --
Number of funds in category 26 27 27 27 27 27 25 21 19 17 0

As on 28-Oct-2020

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
4 star
Jan-13 7.85 -0.35 10.11 0.74 5,928
DSP Midcap Fund - Direct Plan  | Invest Online
5 star
Jan-13 12.99 4.97 11.83 0.96 8,274
Kotak Emerging Equity Fund - Direct Plan  | Invest Online
4 star
Jan-13 10.05 3.54 10.99 0.62 7,535
Axis Midcap Fund - Direct Plan
5 star
Jan-13 11.94 11.68 12.24 0.58 6,732
Invesco India Mid Cap Fund - Direct Plan  | Invest Online
5 star
Jan-13 12.81 6.13 10.89 0.74 1,005

Best & Worst Performance

Best (Period) Worst (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 4.54 23.47 -0.02 -0.02 0.89 -1.16
S&P BSE 150 MidCap TRI 5.78 26.04 0.03 0.03 -- --
Equity: Mid Cap 6.41 23.59 0.06 0.07 0.88 0.72
Rank within category 16 9 16 16 10 16
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-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 63
Top 10 Stocks (%) 30.96
Top 5 Stocks (%) 18.92
Top 3 Sectors (%) 47.47
Portfolio P/B Ratio 4.33
Portfolio P/E Ratio 30.11

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 16,271 18,322
Giant (%) -- 5.35
Large (%) 4.95 7.86
Mid (%) 81.79 80.05
Small (%) 13.24 10.70
Tiny (%) 0.02 0.15

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 Bayer CropScience Healthcare 40.81 4.38 0.98 4.12
equal Mphasis Technology 20.32 4.10 1.09 4.10
equal Ipca Laboratories Healthcare 32.30 3.88 0.00 3.79
equal Emami FMCG 53.21 3.77 1.45 3.63
equal Syngene International Healthcare 60.75 3.28 0.00 3.28
equal Atul Chemicals 29.86 2.62 0.00 2.62
equal Coromandel International Chemicals 16.64 2.60 0.63 2.49
equal Abbott India Healthcare 49.09 3.19 0.00 2.36
down Multi Commodity Exchange India Financial 36.32 2.50 0.24 2.29
down Affle (India) Communication 97.26 2.28 0.00 2.28
equal The Ramco Cements Construction 35.40 3.02 1.91 2.25
equal Max Financial Services Financial 65.84 2.20 0.00 2.20
equal Berger Paints India Chemicals 123.24 3.25 1.22 2.11
equal Ratnamani Metals & Tubes Metals 20.19 2.04 0.73 2.04
down Birlasoft Technology 20.29 2.01 0.00 2.01
down Page Industries Textiles 115.17 2.19 0.00 1.97
equal Supreme Industries Chemicals 40.94 2.01 1.34 1.96
equal Cummins India Engineering 20.54 2.36 0.00 1.95
equal 3M India Services 111.63 2.25 0.00 1.89
equal Pfizer Healthcare 44.20 1.81 0.00 1.76
down Manappuram Finance Financial 8.47 2.36 0.00 1.75
equal Godrej Properties Construction 159.68 2.42 0.51 1.69
equal Sundaram Finance Financial 18.49 2.13 1.07 1.66
equal Aarti Industries Chemicals 36.80 2.59 1.21 1.65
equal Cholamandalam Invest. & Fin. Financial 17.51 2.73 0.00 1.55

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-Sep-2020

Fund Manager

— Vihang Naik since 28-Jun-2016

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:


-0.73%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 147.3400

Dividend: ₹ 41.3000


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
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: 17.06%
Benchmark: NIFTY Midcap 100 TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 5,928 Cr (As on 30-Sep-2020)
Expense: 0.74% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 47.61%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-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

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