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2 star

L&T Equity Savings Fund - Direct Plan


Hybrid: Equity Savings

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.63 Lakh

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 -4.01 -0.60 -0.76 4.32 8.71 -5.66 -1.41 2.03 4.30 7.02 --
VR MIP TRI -0.52 -0.59 -0.32 2.48 7.33 -1.06 2.40 5.97 7.07 8.21 --
Hybrid: Equity Savings -2.28 -0.63 -0.68 2.82 7.78 -3.20 0.71 3.63 5.53 -- --
Rank within category 18 10 14 1 7 21 18 13 6 -- --
Number of funds in category 23 23 23 23 23 23 21 14 7 0 0

As on 14-Jul-2020

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 -1.41 2.03 4.30 0.64 79
Kotak Equity Savings Fund - Direct Plan  | Invest Online
4 star
Oct-14 4.75 6.13 7.31 1.21 1,395
ICICI Prudential Equity Savings Fund - Direct Plan  | Invest Now
4 star
Dec-14 0.08 4.79 -- 0.70 1,159
Axis Equity Saver Fund - Direct Plan  | Invest Online
4 star
Aug-15 1.91 5.87 -- 1.02 688
HDFC Equity Savings Fund - Direct Plan  | Invest Online
3 star
Jan-13 -2.88 2.98 7.50 1.27 3,141

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.90 (01-Apr-2020 - 09-Apr-2020) -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 13.79 (03-Apr-2020 - 06-Jul-2020) -16.21 (23-Dec-2019 - 23-Mar-2020)
Year 26.85 (03-Mar-2014 - 03-Mar-2015) -14.69 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.14 9.64 -0.33 -0.30 1.34 -4.19
VR MIP TRI 6.06 6.50 0.12 0.13 -- --
Hybrid: Equity Savings 4.08 9.00 -0.11 -0.10 1.29 -2.21
Rank within category 15 11 15 15 11 15
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Number of Bonds 8
Average Maturity (yrs) 0.37
Top 10 Holdings (%) 38.92
Portfolio P/B Ratio 1.76
Portfolio P/E Ratio 19.56

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 HDFC Bank 2021 Fixed Deposits -- 0.00 - 6.34 6.34
equal HDFC Bank 17/03/2021 Fixed Deposits -- 0.00 - 2.53 2.53
equal HDFC Bank 2021 Fixed Deposits -- 0.00 - 2.53 2.53
equal 8.75% Amba River Coke 2022 Non Convertible Debenture AA- 0.00 - 2.41 2.41
equal HDFC Bank 30/03/2021 Fixed Deposits -- 0.00 - 1.27 1.27
equal Aditya Birla Housing Finance 13/04/2022 Debenture AAA 0.53 - 1.06 1.06
equal 6.00% Zee Entertainment 2022 Preference Shares -- 0.01 - 0.02 0.01

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
up Reliance Industries Energy 33.59 9.51 0.41 5.86
down Vedanta Metals -- 6.98 0.00 5.59
up ICICI Bank Financial 23.75 5.16 0.14 4.09
equal HDFC Bank Financial 21.59 7.97 0.60 3.27
up Jindal Steel & Power Metals -- 3.21 0.00 3.21
down Infosys Technology 21.36 7.68 0.00 3.09
down Adani Ports and Special Economic Zone Services 17.31 2.40 0.00 2.18
new Eicher Motors Automobile 27.85 2.04 0.00 2.04
up DLF Construction -- 1.80 0.00 1.80
equal Cipla Healthcare 33.28 1.76 0.00 1.76
down Shree Cement Construction 51.32 1.87 0.00 1.55
up Divi's Laboratories Healthcare 43.18 1.58 0.00 1.47
new Titan Company Cons Durable 57.64 1.45 0.00 1.45
equal HCL Technologies Technology 15.21 1.34 0.22 1.34
equal Bharti Airtel Communication -- 1.33 0.00 1.33
down Manappuram Finance Financial 9.06 1.76 0.00 1.27
equal Coromandel International Chemicals 21.03 1.19 0.00 1.19
equal Ambuja Cements Construction 17.47 1.16 0.00 1.16
equal Pidilite Industries Chemicals 62.74 4.01 0.00 1.13
down Hindustan Unilever FMCG 79.19 1.97 0.13 1.07
down Navin Fluorine International Chemicals 20.29 1.65 0.25 1.06
equal Maruti Suzuki India Automobile 30.98 3.03 0.39 1.06
equal State Bank of India Financial 8.43 5.02 0.23 0.95
down Taj GVK Hotels & Resorts Services 31.85 0.92 0.21 0.92
equal Tata Consultancy Services Technology 26.88 1.92 0.00 0.92

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

— 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:

— Vihang Naik since 17-Dec-2019

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:

— Jalpan Shah since 30-May-2016

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

Experience: Prior to joining L&T, 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.

Funds Managed:


-0.60%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 18.1070

Dividend Quarterly: ₹ 11.9130

Dividend Monthly: ₹ 11.5930


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
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: 6.70%
Benchmark: NIFTY Equity Savings TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 79 Cr (As on 30-Jun-2020)
Expense: 0.64% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 408.88%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly25-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
 25-Sep-20180.0531
 27-Aug-20180.0531
 25-Jul-20180.0531
 25-Jun-20180.0531
 25-May-20180.0531
 25-Apr-20180.0531
 26-Mar-20180.0600
 26-Feb-20180.0600
 25-Jan-20180.0600
 26-Dec-20170.0600
 27-Nov-20170.0600
 25-Oct-20170.0800
Dividend Quarterly27-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
 24-Jun-20140.2338
 24-Mar-20140.1403
 24-Dec-20130.1169
 26-Jun-20130.0468

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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM