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4 star

L&T Midcap Fund - Direct Plan


Equity: Mid Cap

1 Lakh

Investment declined to
₹ 0.98 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.53 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 -4.05 0.56 2.59 4.25 17.81 -9.64 6.90 -0.72 7.36 21.00 --
S&P BSE 150 MidCap TRI -2.65 1.04 3.01 3.60 22.21 -9.03 9.43 0.35 5.97 17.27 --
Equity: Mid Cap -1.59 1.05 3.30 5.22 20.65 -7.93 9.37 1.17 5.66 19.52 --
Rank within category 18 26 21 19 22 18 17 13 5 5 --
Number of funds in category 26 27 27 27 27 26 24 21 19 17 0

As on 06-Aug-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 6.90 -0.72 7.36 0.75 5,699
DSP Midcap Fund - Direct Plan  | Invest Online
5 star
Jan-13 14.36 4.04 8.93 1.00 6,962
Kotak Emerging Equity Fund - Direct Plan  | Invest Online
4 star
Jan-13 8.81 2.64 8.14 0.63 6,449
Axis Midcap Fund - Direct Plan  | Invest Online
5 star
Jan-13 17.46 11.26 8.94 0.55 5,511
Invesco India Mid Cap Fund - Direct Plan  | Invest Online
5 star
Jan-13 15.53 6.22 8.48 0.99 875

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 1.29 23.10 -0.17 -0.18 0.89 -1.64
S&P BSE 150 MidCap TRI 2.66 25.61 -0.10 -0.11 -- --
Equity: Mid Cap 3.16 23.25 -0.08 -0.09 0.88 0.20
Rank within category 15 9 16 17 9 15
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 31-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 77
Top 10 Stocks (%) 27.50
Top 5 Stocks (%) 16.11
Top 3 Sectors (%) 45.81
Portfolio P/B Ratio 3.39
Portfolio P/E Ratio 24.42

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 14,768 18,097
Giant (%) -- 8.21
Large (%) 12.38 9.62
Mid (%) 67.01 74.80
Small (%) 20.56 11.00
Tiny (%) 0.05 0.43

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 58.14 4.38 0.98 4.38
equal Ipca Laboratories Healthcare 40.75 3.58 0.00 3.48
up Shree Cement Construction 51.43 3.16 1.46 3.16
down Abbott India Healthcare 58.02 3.19 0.00 2.56
equal Coromandel International Chemicals 18.48 2.53 0.63 2.53
equal Tata Consumer Products FMCG 93.78 2.52 0.00 2.49
up Divi's Laboratories Healthcare 53.69 2.40 0.00 2.40
up Mphasis Technology 18.17 2.34 0.97 2.34
equal Berger Paints India Chemicals 81.95 3.25 1.22 2.13
equal Atul Chemicals 23.98 2.30 0.00 2.03
equal The Ramco Cements Construction 26.81 3.02 1.64 1.97
equal MRF Automobile 18.69 2.04 0.00 1.95
equal Sundaram Finance Financial 18.41 2.13 0.88 1.92
equal Multi Commodity Exchange India Financial 34.21 2.12 0.24 1.91
equal Ratnamani Metals & Tubes Metals 16.91 2.01 0.73 1.80
equal Manappuram Finance Financial 8.72 2.36 0.00 1.79
equal Godrej Properties Construction 142.66 2.02 0.51 1.77
equal Syngene International Healthcare 47.41 1.72 0.00 1.72
up Page Industries Textiles 61.81 1.70 0.00 1.70
equal Supreme Industries Chemicals 38.17 2.01 1.34 1.64
equal Torrent Pharmaceuticals Healthcare 44.03 2.32 0.00 1.61
up Johnson Controls - Hitachi Air Conditioning India Cons Durable 67.12 1.82 0.00 1.61
down Aarti Industries Chemicals 34.70 2.59 1.21 1.58
equal Emami FMCG 37.81 3.27 1.42 1.56
up 3M India Services 75.25 1.55 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-Jun-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:


0.56%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 135.5300

Dividend: ₹ 39.8300


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: 16.33%
Benchmark: NIFTY Midcap 100 TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 5,699 Cr (As on 30-Jun-2020)
Expense: 0.75% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 30.26%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-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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