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3 star

L&T Emerging Businesses Fund - Direct Plan


Equity: Small Cap

1 Lakh

Investment declined to
₹ 0.80 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.94 Lakh

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 smaller 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 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 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 -16.78 -0.61 0.88 6.25 18.27 -18.57 -17.86 -7.20 6.58 -- --
S&P BSE 250 SmallCap TRI -11.64 -0.39 2.24 7.50 23.39 -15.01 -14.50 -10.06 1.03 -- --
Equity: Small Cap -7.65 -0.29 1.77 6.85 19.40 -10.48 -5.98 -4.60 4.80 -- --
Rank within category 21 23 22 17 14 20 18 10 4 -- --
Number of funds in category 22 24 24 24 24 22 21 14 13 8 0

As on 10-Jul-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 - Direct Plan  | Invest Online
3 star
May-14 -17.86 -7.20 6.58 0.92 4,697
Nippon India Small Cap Fund - Direct Plan  | Invest Online
4 star
Jan-13 -6.05 -1.94 8.80 1.22 7,898
HDFC Small Cap Fund - Direct Plan  | Invest Online
4 star
Jan-13 -18.46 -3.30 6.47 0.94 7,511
SBI Small Cap Fund - Direct Plan  | Invest Online
5 star
Jan-13 2.03 4.78 10.82 0.92 3,917
Axis Small Cap Fund - Direct Plan  | Invest Online
5 star
Nov-13 2.86 5.32 9.69 0.31 2,310

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.73 (27-May-2020 - 03-Jun-2020) -21.76 (16-Mar-2020 - 23-Mar-2020)
Month 19.24 (22-May-2020 - 23-Jun-2020) -39.83 (20-Feb-2020 - 23-Mar-2020)
Quarter 36.40 (24-Mar-2020 - 23-Jun-2020) -37.99 (24-Dec-2019 - 24-Mar-2020)
Year 72.51 (26-Dec-2016 - 26-Dec-2017) -42.14 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -3.42 25.66 -0.34 -0.35 0.85 1.04
S&P BSE 250 SmallCap TRI -6.12 29.60 -0.39 -0.43 -- --
Equity: Small Cap -1.52 26.25 -0.26 -0.28 0.86 2.97
Rank within category 10 7 9 9 7 9
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 95
Top 10 Stocks (%) 26.13
Top 5 Stocks (%) 15.44
Top 3 Sectors (%) 36.30
Portfolio P/B Ratio 2.17
Portfolio P/E Ratio 16.06

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 4,894 5,054
Giant (%) -- 5.99
Large (%) -- 2.84
Mid (%) 35.39 23.97
Small (%) 64.06 72.62
Tiny (%) 0.55 0.88

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 Mahanagar Gas Energy 12.07 3.82 0.00 3.68
down Sanofi India Healthcare 43.18 3.72 0.00 3.27
equal Abbott India Healthcare 55.59 3.60 0.00 2.90
equal Persistent Systems Technology 16.44 3.39 0.00 2.81
equal VST Industries FMCG 16.63 3.78 0.00 2.78
equal Trent Services 181.86 2.26 1.03 2.20
up Ipca Laboratories Healthcare 34.64 2.56 0.00 2.19
equal KPR Mills Textiles 8.82 2.41 0.90 2.18
up Navin Fluorine International Chemicals 20.83 2.25 0.00 2.09
equal Finolex Industries Chemicals 17.95 2.03 0.00 2.03
equal AIA Engineering Metals 25.97 2.27 1.23 1.96
up Suven Pharmaceutical Healthcare 24.03 1.90 0.00 1.90
up Tube Investments Of India Automobile 27.23 2.34 0.00 1.88
equal Amara Raja Batteries Engineering 18.00 1.99 0.00 1.88
equal Deepak Nitrite Chemicals 11.70 2.20 0.00 1.87
down Balrampur Chini Mills FMCG 5.45 2.13 0.00 1.81
equal Grindwell Norton Metals 30.35 2.68 0.00 1.80
equal Sharda Cropchem Chemicals 14.99 1.82 0.00 1.71
equal Akzo Nobel India Chemicals 35.11 2.95 0.00 1.60
equal Escorts Automobile 29.53 1.44 0.00 1.44
equal Amber Enterprises Cons Durable 30.58 1.49 0.00 1.41
equal Finolex Cables Engineering 11.50 1.64 0.00 1.41
equal Engineers India Construction 10.85 1.74 0.96 1.40
up Ratnamani Metals & Tubes Metals 15.60 1.46 0.00 1.40
equal Gujarat Pipavav Port Services 12.49 1.40 0.00 1.40

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

— 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:


-0.61%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 19.8950

Dividend: ₹ 14.6870


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: 11.80%
Benchmark: S&P BSE Small Cap TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 4,697 Cr (As on 30-Jun-2020)
Expense: 0.92% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 28.50%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-Oct-20190.8854

 26-Oct-20181.4167
 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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

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