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3 star

L&T Midcap Fund - Direct Plan


Equity: Mid Cap

1 Lakh

Investment Grown to
₹ 1.24 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.78 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 8.40 0.90 0.56 7.51 16.57 25.54 23.54 7.39 19.00 22.37 --
S&P BSE 150 MidCap TRI 14.26 1.27 0.36 10.83 23.43 36.63 37.88 9.87 18.92 20.90 --
Equity: Mid Cap 11.91 1.25 0.48 9.51 21.89 33.33 32.80 11.44 18.72 21.23 --
Rank within category 24 23 13 24 26 26 24 20 10 5 --
Number of funds in category 27 28 27 27 27 27 26 22 19 19 0

As on 25-Feb-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
3 star
Jan-13 23.54 7.39 19.00 0.79 5,882
DSP Midcap Fund - Direct Plan  | Invest Online
4 star
Jan-13 26.32 12.01 20.57 0.86 9,815
Kotak Emerging Equity Fund - Direct Plan  | Invest Online
4 star
Jan-13 34.30 14.26 21.81 0.55 9,162
Axis Midcap Fund - Direct Plan
5 star
Jan-13 30.80 19.43 22.21 0.52 8,608
Invesco India Mid Cap Fund - Direct Plan  | Invest Online
4 star
Jan-13 30.41 15.52 20.95 0.73 1,195

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 5.56 23.91 0.04 0.04 0.88 -2.12
S&P BSE 150 MidCap TRI 8.09 26.77 0.13 0.14 -- --
Equity: Mid Cap 9.09 24.35 0.19 0.21 0.89 1.39
Rank within category 20 8 20 20 9 20
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-Jan-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 58
Top 10 Stocks (%) 33.07
Top 5 Stocks (%) 20.08
Top 3 Sectors (%) 48.53
Portfolio P/B Ratio 4.90
Portfolio P/E Ratio 31.64

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 18,675 21,834
Giant (%) -- 7.15
Large (%) 4.45 4.68
Mid (%) 83.81 81.98
Small (%) 11.71 9.89
Tiny (%) 0.02 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
up Emami FMCG 51.96 5.07 1.45 5.07
equal Mphasis Technology 24.22 4.57 1.09 4.57
equal Bayer CropScience Healthcare 49.67 4.38 1.07 3.79
equal Syngene International Healthcare 60.96 3.63 0.00 3.38
equal Ipca Laboratories Healthcare 22.00 4.15 0.00 3.27
equal Atul Chemicals 30.80 2.76 0.00 2.76
equal Coromandel International Chemicals 16.04 2.65 0.63 2.65
equal Supreme Industries Chemicals 39.19 2.55 1.42 2.55
equal Page Industries Textiles 120.67 2.54 0.00 2.54
equal Godrej Properties Construction 373.96 2.70 0.51 2.49
equal Ratnamani Metals & Tubes Metals 37.84 2.68 0.73 2.48
equal Birlasoft Technology 21.57 2.46 0.00 2.46
down Affle (India) Communication 143.98 2.60 0.00 2.42
equal The Ramco Cements Construction 32.10 3.02 1.95 2.35
equal Cummins India Engineering 34.03 2.36 0.00 2.21
equal Multi Commodity Exchange India Financial 30.30 2.50 0.24 2.20
equal Sundaram Finance Financial 25.02 2.20 1.45 2.18
down Max Financial Services Financial 93.09 2.33 0.00 2.17
equal Cholamandalam Invest. & Fin. Financial 31.53 2.73 1.27 2.15
equal 3M India Services 163.77 2.25 0.00 1.99
down Berger Paints India Chemicals 109.04 3.25 1.49 1.97
equal Abbott India Healthcare 46.98 3.19 0.00 1.94
equal Aarti Industries Chemicals 42.80 2.59 1.21 1.90
down Jindal Steel & Power Metals 16.50 2.28 0.50 1.86
equal Apollo Hospitals Healthcare 220.80 2.22 0.00 1.84

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-Jan-2021

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:


0.90%

Change from previous, NAV as on 25-Feb-2021

Growth: ₹ 184.4700

Dividend: ₹ 51.7100


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: 19.57%
Benchmark: NIFTY Midcap 100 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 5,882 Cr (As on 31-Jan-2021)
Expense: 0.79% (As on 31-Jan-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 31.24%

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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