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L&T Midcap Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.31 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.87 Lakh

Analyst's Choice?

Suitability:

When you invest for seven years or above, you can expect gains that comfortably beat the inflation rate and are also higher than 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. Therefore, you can expect higher returns in the long-term, but more severe ups and downs along the way.

Like 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 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 6.05 -1.29 0.58 -0.71 8.25 20.57 14.99 9.29 11.62 20.68 --
S&P BSE 150 MidCap TRI 5.18 -1.71 -0.19 -1.63 7.72 20.70 14.80 7.87 10.02 15.77 --
Equity: Mid Cap 6.43 -1.31 0.41 0.01 8.67 20.51 17.81 8.67 9.65 18.63 --
Rank within category 17 14 9 20 18 13 15 10 4 1 --
Number of funds in category 26 26 26 26 25 24 23 21 19 17 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.61 (15-May-2014 - 22-May-2014) -9.20 (11-Jan-2016 - 18-Jan-2016)
Month 21.74 (09-May-2014 - 10-Jun-2014) -13.88 (07-Sep-2018 - 09-Oct-2018)
Quarter 37.09 (13-Mar-2014 - 12-Jun-2014) -17.06 (30-Nov-2015 - 29-Feb-2016)
Year 103.26 (28-Jan-2014 - 28-Jan-2015) -17.91 (21-Aug-2018 - 22-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 11.28 15.23 0.37 0.54 0.87 1.10
S&P BSE 150 MidCap TRI 10.86 17.12 0.30 0.41 -- --
Equity: Mid Cap 10.73 15.14 0.34 0.48 0.84 0.69
Rank within category 9 11 9 11 14 9
Number of funds in category 21 21 21 21 21 21

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 83
Top 10 Stocks (%) 22.39
Top 5 Stocks (%) 12.32
Top 3 Sectors (%) 44.34
Portfolio P/B Ratio 3.30
Portfolio P/E Ratio 26.45

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 15,512 19,522
Giant (%) -- 6.71
Large (%) 7.71 5.54
Mid (%) 75.71 80.84
Small (%) 16.52 10.65
Tiny (%) 0.06 0.56

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 City Union Bank Financial 21.57 3.62 0.00 2.80
equal Cholamandalam Invest. & Fin. Financial 20.16 2.73 0.00 2.73
equal Manappuram Finance Financial 11.34 2.36 0.00 2.34
equal Shree Cement Construction 63.35 2.85 1.46 2.23
equal The Ramco Cements Construction 29.79 3.02 1.47 2.22
equal Berger Paints India Chemicals 83.23 3.25 1.22 2.16
equal Bayer CropScience Healthcare 69.18 2.09 0.98 2.09
up Cummins India Engineering 21.83 2.36 0.00 1.98
equal Supreme Industries Chemicals 36.91 2.01 1.34 1.92
equal ICICI Securities Financial 32.20 1.92 0.00 1.92
equal Sundaram Finance Financial 15.20 2.13 0.88 1.88
equal Godrej Properties Construction 85.96 2.02 0.00 1.87
down Jindal Steel & Power Metals -- 2.28 0.50 1.87
equal Ipca Laboratories Healthcare 29.43 1.87 0.00 1.87
equal Emami FMCG 37.16 3.27 0.68 1.86
down Abbott India Healthcare 57.38 2.31 0.00 1.81
equal Ratnamani Metals & Tubes Metals 20.41 1.82 0.73 1.80
equal Aarti Industries Chemicals 33.28 2.17 1.21 1.79
equal Coromandel International Chemicals 19.30 2.25 0.63 1.75
equal MRF Automobile 28.24 2.01 0.00 1.71
equal Multi Commodity Exchange India Financial 29.57 1.69 0.24 1.66
equal Atul Chemicals 23.12 1.66 0.00 1.66
equal Voltas Cons Durable 46.86 1.80 0.00 1.61
equal Thermax Engineering 38.01 1.88 0.00 1.60
equal Oberoi Realty Construction 31.88 1.95 0.00 1.58

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-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:

— 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:


-1.29%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 149.8000

Dividend: ₹ 44.0200


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: 19.10%
Benchmark: NIFTY Midcap 100 TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 6,391 Cr (As on 31-Jan-2020)
Expense: 0.63% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 21.10%

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: 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

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Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM