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2 star

L&T Equity Fund


Equity: Multi Cap

1 Lakh

Investment declined to
₹ 0.99 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.40 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

This is a multi cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending upon where it expects maximum gains. This versatility makes multi cap funds most suitable for equity fund investors as the job of stock selection is completely left to the fund manager, which is the very idea of investing in a mutual fund.

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 multi cap fund, if you need to redeem your investment in less than five 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -10.90 0.63 1.42 6.63 30.14 -11.12 -10.58 -0.21 3.36 11.07 8.51
S&P BSE 500 TRI -11.31 0.56 1.69 6.11 31.34 -11.93 -9.52 2.44 5.82 11.36 8.44
Equity: Multi Cap -11.06 0.52 1.40 5.20 26.90 -11.55 -8.61 1.30 4.90 12.30 9.04
Rank within category 29 22 33 8 11 28 35 28 29 25 20
Number of funds in category 60 62 61 61 61 60 55 42 40 34 30

As on 03-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 Fund  | Invest Online
2 star
May-05 -10.58 -0.21 3.36 2.18 2,044
Kotak Standard Multicap Fund Regular Plan  | Invest Online
4 star
Sep-09 -9.65 2.64 7.24 1.64 25,984
Axis Focused 25 Fund  | Invest Online
5 star
Jun-12 -4.51 6.07 8.39 1.92 9,428
UTI Equity Fund - Regular Plan  | Invest Online
4 star
May-92 -2.50 5.19 6.19 1.85 9,057
SBI Focused Equity Fund  | Invest Online
5 star
Oct-04 -4.68 6.94 9.04 1.99 8,012

Best & Worst Performance

Best (Period) Worst (Period)
Week 17.17 (27-Oct-2008 - 04-Nov-2008) -18.29 (11-Mar-2020 - 18-Mar-2020)
Month 29.93 (11-May-2009 - 10-Jun-2009) -35.69 (20-Feb-2020 - 23-Mar-2020)
Quarter 71.83 (09-Mar-2009 - 10-Jun-2009) -36.39 (02-Sep-2008 - 02-Dec-2008)
Year 113.49 (09-Mar-2009 - 11-Mar-2010) -51.75 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.72 21.12 -0.17 -0.19 0.97 -2.60
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: Multi Cap 3.15 21.19 -0.10 -0.11 0.95 -1.19
Rank within category 30 24 29 30 28 29
Number of funds in category 43 43 43 43 43 43

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 61
Top 10 Stocks (%) 39.56
Top 5 Stocks (%) 24.00
Top 3 Sectors (%) 44.23
Portfolio P/B Ratio 2.12
Portfolio P/E Ratio 17.65

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 88,370 92,596
Giant (%) 57.42 54.17
Large (%) 16.91 16.20
Mid (%) 17.42 21.63
Small (%) 8.26 8.65
Tiny (%) -- 0.28

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 HDFC Bank Financial 21.64 7.66 4.29 5.46
down Reliance Industries Energy 30.71 5.67 0.00 5.38
down Bharti Airtel Communication -- 4.63 0.00 4.56
equal Tata Consultancy Services Technology 25.51 5.51 1.77 4.41
equal ITC FMCG 16.65 6.56 1.59 4.19
equal Hindustan Unilever FMCG 75.58 4.26 1.20 3.39
equal HCL Technologies Technology 14.21 3.24 1.26 3.24
equal Infosys Technology 19.57 3.76 0.00 3.17
equal Avenue Supermarts Services 113.95 3.21 0.00 2.96
equal Sun Pharmaceutical Inds. Healthcare 30.39 2.80 0.18 2.80
equal Colgate-Palmolive FMCG 46.04 2.87 0.00 2.80
equal Larsen & Toubro Construction 13.89 6.50 2.57 2.73
equal Kotak Mahindra Bank Financial 31.17 4.81 1.92 2.56
equal Shree Cement Construction 53.77 2.54 0.00 2.54
down The Ramco Cements Construction 25.00 3.02 2.31 2.40
equal Pfizer Healthcare 37.05 2.81 0.00 2.37
equal Muthoot Finance Financial 14.65 2.29 0.00 2.29
equal Sanofi India Healthcare 44.16 2.22 0.00 2.22
equal Asian Paints Chemicals 60.14 2.28 0.00 2.05
equal Maruti Suzuki India Automobile 31.58 2.69 0.00 2.00
equal ICICI Bank Financial 24.44 9.07 0.00 1.95
equal Torrent Pharmaceuticals Healthcare 39.53 1.79 0.00 1.79
equal Lupin Healthcare -- 1.78 0.46 1.78
equal Dr. Reddy's Lab Healthcare 32.17 1.75 0.00 1.73
equal HDFC Financial 15.26 5.25 1.70 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-May-2020

Fund Manager

— 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:


0.63%

Change from previous, NAV as on 03-Jul-2020

Growth: ₹ 74.4900

Dividend: ₹ 25.1050


Investment Strategy

The scheme aims to follow bottom up stock picking, without any bias for sectors or market capitalizations. The scheme will attempt to be fully invested in equities at all times, however, upto 20 per cent of its assets can be invested in cash and cash equivalents.

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: 16-May-2005
Return Since Launch: 14.18%
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,044 Cr (As on 31-May-2020)
Expense: 2.18% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Below Average
Turnover: 46.51%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend24-Jan-20202.2135

 24-Jan-20192.2135
 19-Jan-20182.5000
 12-Jan-20172.2500
 22-Jan-20162.0000
 29-Dec-20142.0000
 25-Mar-20131.0000
 01-Dec-20111.0000
 17-Jan-20111.5000
 02-Mar-20101.0000
 13-Mar-20082.5000
 30-Apr-20072.5000
 22-Mar-20062.0000

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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