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3 star

L&T Emerging Businesses Fund


Equity: Small Cap

1 Lakh

Investment declined to
₹ 0.91 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.89 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 smaller 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 small-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 8.86 2.60 4.00 13.20 17.50 50.39 8.94 -3.19 9.77 -- --
S&P BSE 250 SmallCap TRI 17.80 2.61 5.04 13.11 16.98 59.51 17.67 -4.87 6.17 -- --
Equity: Small Cap 22.05 2.25 3.70 11.87 16.41 52.60 22.80 -0.43 9.07 -- --
Rank within category 22 5 9 5 8 15 22 10 5 -- --
Number of funds in category 22 25 25 25 24 24 22 14 13 9 8

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Emerging Businesses Fund  | Invest Online
3 star
May-14 8.94 -3.19 9.77 1.98 5,271
Nippon India Small Cap Fund  | Invest Online
4 star
Sep-10 21.57 1.21 11.30 1.99 9,392
SBI Small Cap Fund  | Invest Online
5 star
Sep-09 24.62 4.43 15.50 1.88 5,424
Axis Small Cap Fund - Regular Plan
4 star
Nov-13 18.92 9.69 13.39 1.97 2,984
Kotak Small Cap Fund - Regular Plan  | Invest Online
4 star
Feb-05 28.33 4.81 11.64 2.13 1,855

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.70 (27-May-2020 - 03-Jun-2020) -21.78 (16-Mar-2020 - 23-Mar-2020)
Month 19.13 (22-May-2020 - 23-Jun-2020) -39.90 (20-Feb-2020 - 23-Mar-2020)
Quarter 39.16 (22-May-2020 - 24-Aug-2020) -38.18 (24-Dec-2019 - 24-Mar-2020)
Year 71.18 (26-Dec-2016 - 26-Dec-2017) -42.80 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -3.05 26.01 -0.31 -0.33 0.85 -1.13
S&P BSE 250 SmallCap TRI -3.12 30.06 -0.27 -0.30 -- --
Equity: Small Cap 1.51 27.08 -0.13 -0.14 0.87 3.58
Rank within category 11 5 13 11 7 13
Number of funds in category 15 15 15 15 15 15

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

As on 31-Oct-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 93
Top 10 Stocks (%) 25.84
Top 5 Stocks (%) 14.60
Top 3 Sectors (%) 35.97
Portfolio P/B Ratio 2.69
Portfolio P/E Ratio 21.98

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 6,152 5,854
Giant (%) -- 5.34
Large (%) -- 2.22
Mid (%) 46.22 31.72
Small (%) 53.08 64.70
Tiny (%) 0.70 0.90

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
down Persistent Systems Technology 25.09 5.03 0.00 3.93
equal KPR Mills Textiles 15.94 2.96 0.94 2.96
equal Ipca Laboratories Healthcare 27.96 2.70 0.00 2.70
equal Emami FMCG 60.20 2.59 0.00 2.59
down VST Industries FMCG 17.54 3.78 0.00 2.42
equal Deepak Nitrite Chemicals 19.73 2.58 0.00 2.39
equal Tube Investments Of India Automobile 88.57 2.34 0.81 2.34
equal Suven Pharmaceutical Healthcare 33.67 2.66 0.00 2.26
down Navin Fluorine International Chemicals 30.04 2.25 0.00 2.21
down Trent Services -- 2.26 1.03 2.04
equal Sonata Software Technology 14.59 1.90 0.00 1.90
equal Grindwell Norton Metals 36.66 2.68 0.52 1.81
equal Balrampur Chini Mills FMCG 6.51 2.13 0.00 1.81
equal Finolex Industries Chemicals 23.21 2.03 0.00 1.80
equal Amara Raja Batteries Engineering 28.60 2.00 1.04 1.78
equal AIA Engineering Metals 30.83 2.27 1.23 1.76
down Amber Enterprises Cons Durable 125.03 1.84 0.00 1.76
down Abbott India Healthcare 49.67 3.60 0.00 1.74
up The Ramco Cements Construction 35.08 2.78 1.34 1.70
down Sanofi India Healthcare 42.07 3.72 0.00 1.62
down Welspun India Textiles 17.73 2.25 0.00 1.61
equal Sharda Cropchem Chemicals 12.85 1.88 0.00 1.58
equal Akzo Nobel India Chemicals 55.53 2.95 0.00 1.54
equal Ratnamani Metals & Tubes Metals 29.06 1.53 0.64 1.53
equal Escorts Automobile 31.41 1.58 0.00 1.48

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-Oct-2020

Fund Manager

— 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:

— 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:


2.60%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 24.8360

Dividend: ₹ 18.0340


Investment Strategy

The Scheme will primarily be a diversified equity fund which will invest predominantly in small cap stocks to generate long term capital appreciation.

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: 12-May-2014
Return Since Launch: 14.90%
Benchmark: S&P BSE Small Cap TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 5,271 Cr (As on 31-Oct-2020)
Expense: 1.98% (As on 31-Oct-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 34.03%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-Oct-20191.0625

 26-Oct-20181.3281
 12-Oct-20172.0000
 21-Oct-20161.5000

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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dateSaturday, 28-Nov-2020
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