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2 star

L&T Equity Savings Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.30 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.49 Lakh

Suitability:

Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.

They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.

Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.

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 13.18 0.35 1.17 2.48 8.01 10.11 28.92 9.26 8.98 9.28 --
VR MIP TRI 5.62 0.44 0.28 0.71 3.59 4.28 15.39 9.16 8.87 8.89 --
Hybrid: Equity Savings 9.71 0.46 0.98 1.72 6.01 7.00 22.59 9.18 9.19 -- --
Rank within category 3 17 6 2 4 2 3 9 10 -- --
Number of funds in category 23 23 23 23 23 23 23 16 13 0 0

As on 03-Aug-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Equity Savings Fund - Direct Plan  | Invest Online
2 star
Jan-13 28.92 9.26 8.98 0.66 70
HDFC Equity Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 29.67 10.43 11.02 1.31 2,372
Kotak Equity Savings Fund - Direct Plan  | Invest Online
4 star
Oct-14 17.65 9.15 9.56 1.25 1,488
Axis Equity Saver Fund - Direct Plan
4 star
Aug-15 25.86 10.47 10.55 1.01 785
ICICI Prudential Equity Savings Fund - Direct Plan  | Invest Now
3 star
Dec-14 17.24 8.83 8.76 0.45 2,073

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.29 29-Jan-2021 - 05-Feb-2021 -7.74 16-Mar-2020 - 23-Mar-2020
Month 7.35 22-May-2020 - 23-Jun-2020 -17.63 20-Feb-2020 - 23-Mar-2020
Quarter 16.14 19-May-2020 - 18-Aug-2020 -16.21 23-Dec-2019 - 23-Mar-2020
Year 39.16 23-Mar-2020 - 23-Mar-2021 -14.69 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.23 10.75 0.48 0.49 1.45 -1.67
VR MIP TRI 8.80 6.81 0.69 0.81 -- --
Hybrid: Equity Savings 9.01 9.65 0.54 0.59 1.33 -1.32
Rank within category 9 13 14 12 12 14
Number of funds in category 16 16 16 16 16 16

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

As on 31-Jul-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Number of Bonds 6
Average Maturity (yrs) * --
Top 10 Holdings (%) 45.60
Portfolio P/B Ratio 2.85
Portfolio P/E Ratio 22.24

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.32% GOI 28/01/2024 GOI Securities SOV 7.15 - 13.75 7.73
equal 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 7.53 7.01
equal L&T Liquid Plan Direct-Growth Mutual Fund Unrated 0.00 - 2.99 2.87
equal 8.75% Amba River Coke 2022 Non Convertible Debenture AA- 2.51 - 2.97 2.80
equal Aditya Birla Housing Finance 13/04/2022 Debenture AAA 1.06 - 1.34 1.29
equal 6.00% Zee Entertainment 2022 Preference Shares -- 0.01 - 0.02 0.01
equal Others Margin Money -- - 0.05

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 23.88 9.10 1.89 7.32
equal HDFC Financial 22.87 5.96 0.23 5.42
equal State Bank of India Financial 17.78 5.02 0.71 3.86
equal Infosys Technology 34.52 7.68 0.60 3.52
equal Escorts Automobile 18.77 2.57 0.00 2.57
equal HDFC Bank Financial 24.17 7.97 0.70 2.49
equal Bajaj Auto Automobile 19.67 2.43 0.00 2.35
equal Pidilite Industries Chemicals 101.61 1.99 0.00 1.99
equal SAIL Metals 13.84 2.87 0.00 1.76
equal Tata Power Company Energy 37.57 1.64 0.00 1.64
equal Reliance Industries Energy 29.30 9.51 1.12 1.62
new JSW Steel Metals 12.45 1.44 0.00 1.44
up VST Tillers Tractors Automobile 19.26 1.41 0.23 1.41
equal Larsen & Toubro Construction 18.42 2.01 0.62 1.38
equal HCL Technologies Technology 24.70 2.20 0.36 1.29
equal Sun Pharmaceutical Industries Healthcare 31.77 3.37 0.18 1.20
equal Oberoi Realty Construction 33.05 1.18 0.37 1.18
down Ambuja Cements Construction 26.36 1.93 0.00 1.13
down Tata Steel Metals 22.62 1.57 0.00 1.13
down Persistent Systems Technology 45.82 1.62 0.29 1.08
equal Emami FMCG 50.79 1.07 0.25 1.07
equal Maruti Suzuki India Automobile 42.36 3.03 0.49 1.05
equal Ahluwalia Contracts Construction 33.65 0.94 0.19 0.94
equal Bharat Electronics Engineering 21.15 0.91 0.17 0.91
equal The Indian Hotels Company Services -- 0.87 0.00 0.87

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-2021

Fund Manager

— Cheenu Gupta since 02-Jul-2021

Education: Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)

Experience: Prior to joining L&T Mutual Fund, she has worked with Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.

Funds Managed:

— Praveen Ayathan since 09-Jan-2015

Education: Mr. Praveen is a B.Sc (Mathematics).

Experience: Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.

Funds Managed:

— Jalpan Shah since 30-May-2016

Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.

Experience: Prior to joining L&T Mutual Fund, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.

Interviews:

Funds Managed:


0.35%

Change from previous, NAV as on 03-Aug-2021

Growth: ₹ 23.8660

IDCW Quarterly: ₹ 14.9290

IDCW Monthly: ₹ 14.5220


Investment Strategy

The scheme seeks to generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.

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: 9.32%
Benchmark: NIFTY Equity Savings TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 70 Cr (As on 30-Jun-2021)
Expense: 0.66% (As on 30-Jun-2021)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 383.24%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly26-Jul-20210.0700

 25-Jun-20210.0600
 25-May-20210.0600
 26-Apr-20210.0600
 25-Mar-20210.0600
 25-Feb-20210.0600
 25-Jan-20210.0600
 28-Dec-20200.0600
 25-Nov-20200.0600
 26-Oct-20200.0500
 25-Sep-20200.0400
 25-Aug-20200.0400
 25-Feb-20200.0708
 27-Jan-20200.0708
 26-Dec-20190.0708
 25-Nov-20190.0531
 25-Oct-20190.0177
 25-Sep-20190.0708
 25-Jun-20190.0354
 27-May-20190.0354
 25-Apr-20190.0354
 25-Mar-20190.0354
 25-Jan-20190.0354
 26-Dec-20180.0354
 26-Nov-20180.0354
IDCW Quarterly25-Jun-20210.1900

 19-Mar-20210.1900
 23-Dec-20200.1600
 24-Sep-20200.1500
 27-Dec-20190.1328
 24-Jun-20190.1062
 22-Mar-20190.1328
 27-Dec-20180.1328
 27-Sep-20180.1771
 22-Jun-20180.1771
 23-Mar-20180.1500
 22-Dec-20170.1500
 20-Sep-20170.1500
 21-Jun-20170.1000
 23-Mar-20170.2000
 28-Dec-20160.2000
 28-Sep-20160.2000
 29-Jun-20160.2500
 23-Mar-20160.1000
 30-Dec-20150.1083
 29-Sep-20150.1083
 29-Jun-20150.1083
 26-Mar-20150.2178
 29-Dec-20140.2178
 24-Sep-20140.2338

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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