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L&T Midcap Fund

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Equity: Mid Cap

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1 Lakh

Investment Grown to
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.76 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 10.76 1.00 -1.66 -0.24 8.22 29.57 65.28 6.37 15.62 19.69 15.82
S&P BSE 150 MidCap TRI 15.76 1.16 -2.68 -0.92 9.96 41.07 86.74 9.74 16.39 19.73 14.43
Equity: Mid Cap 12.00 1.00 -2.65 -1.62 7.67 35.03 74.23 8.99 14.31 18.15 15.60
Rank within category 19 18 2 2 14 25 23 20 8 4 11
Number of funds in category 30 33 33 32 30 30 30 23 20 20 18

As on 16-Apr-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  | Invest Online
3 star
 Aug-04 65.28 6.37 15.62 1.89 6,428
Kotak Emerging Equity Fund Regular Plan  | Invest Online
4 star
 Mar-07 80.90 11.82 16.96 1.85 10,938
DSP Midcap Fund - Regular Plan  | Invest Online
4 star
 Nov-06 60.00 10.13 16.04 1.83 10,916
Axis Midcap Fund
5 star
 Feb-11 57.84 15.56 17.69 1.85 10,432
Nippon India Growth Fund  | Invest Online
4 star
 Oct-95 72.66 10.85 15.73 1.77 9,031

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 25.56 13-May-2009 - 20-May-2009 -22.41 15-Jan-2008 - 22-Jan-2008
Month 44.64 11-May-2009 - 10-Jun-2009 -35.69 20-Feb-2020 - 23-Mar-2020
Quarter 104.84 09-Mar-2009 - 10-Jun-2009 -45.92 02-Sep-2008 - 02-Dec-2008
Year 174.61 09-Mar-2009 - 09-Mar-2010 -63.34 14-Jan-2008 - 13-Jan-2009

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.86 24.26 0.26 0.29 0.88 -2.86
S&P BSE 150 MidCap TRI 15.02 27.30 0.39 0.43 -- --
Equity: Mid Cap 13.84 24.83 0.38 0.42 0.89 0.00
Rank within category 21 9 21 21 9 21
Number of funds in category 24 24 24 24 24 24

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

As on 31-Mar-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 57
Top 10 Stocks (%) 32.97
Top 5 Stocks (%) 19.04
Top 3 Sectors (%) 44.07
Portfolio P/B Ratio 5.39
Portfolio P/E Ratio 34.78

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 21,057 23,285
Giant (%) -- 4.32
Large (%) 8.09 8.01
Mid (%) 80.21 78.79
Small (%) 11.68 10.06
Tiny (%) 0.02 0.32

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 Mphasis Technology 25.36 4.85 1.09 4.85
equal Emami FMCG 60.29 5.07 1.45 4.66
equal Bayer CropScience Healthcare 49.45 4.38 1.07 3.44
equal Ipca Laboratories Healthcare 25.89 4.15 0.00 3.07
equal Sundaram Finance Financial 23.50 3.18 1.45 3.02
equal Ratnamani Metals & Tubes Metals 39.27 2.96 0.73 2.90
equal Atul Chemicals 36.39 2.80 0.00 2.80
equal Cummins India Engineering 36.58 2.79 1.06 2.79
equal The Ramco Cements Construction 32.54 3.02 1.95 2.76
down 3M India Services 203.54 2.68 0.00 2.68
down Supreme Industries Chemicals 39.17 2.68 1.42 2.62
down Affle (India) Communication 147.40 2.61 0.00 2.59
equal Godrej Properties Construction 353.54 2.85 0.51 2.55
equal Cholamandalam Invest. & Fin. Financial 32.77 2.73 1.27 2.50
down Syngene International Healthcare 65.47 3.63 0.00 2.42
up Blue Dart Express Services -- 2.35 0.53 2.35
down Max Financial Services Financial 90.50 2.58 0.00 2.31
equal Birlasoft Technology 23.65 2.46 0.00 2.27
equal Coromandel International Chemicals 15.30 2.65 0.63 2.22
equal Aarti Industries Chemicals 49.15 2.59 1.21 1.98
down Page Industries Textiles 130.38 2.54 0.00 1.93
equal Abbott India Healthcare 48.12 3.19 0.00 1.87
equal Multi Commodity Exchange India Services 30.16 2.50 0.24 1.85
equal Suven Pharmaceutical Healthcare 34.73 1.72 0.00 1.70
down Jindal Steel & Power Metals 20.39 2.28 0.50 1.70

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-Mar-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:

— Venugopal Manghat since 17-Dec-2019

Invest Online
1.00%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 175.2800

IDCW: ₹ 49.0300

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: 09-Aug-2004
Return Since Launch: 18.71%
Benchmark: NIFTY Midcap 100 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 6,428 Cr (As on 31-Mar-2021)
Expense: 1.89% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Below Average
Turnover: 20.31%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Aug-20201.5000

 23-Aug-20192.8776
 17-Aug-20183.5416
 10-Aug-20174.0000
 18-Aug-20163.5000
 19-Aug-20153.0000
 27-Aug-20142.5000
 08-Aug-20121.0000
 08-Aug-20112.5000
 27-Mar-20062.5000
 19-Sep-20052.0000
 14-Mar-20051.0000
 24-Jan-20051.0000
 24-Nov-20041.0000

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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