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Unrated

L&T Business Cycles Fund - Regular Plan


Equity: Thematic

1 Lakh

Investment declined to
₹ 0.86 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.40 Lakh

Suitability:

This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.

We believe that investors should avoid funds that have a narrowly defined investment focus such as this one. Instead, they should invest in multi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other thematic 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 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.

Read more

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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 -9.72 -2.84 -2.26 0.01 10.89 21.44 -5.72 -4.74 3.42 -- --
S&P BSE 500 TRI -4.44 -2.62 -1.87 -1.02 11.59 31.34 2.35 2.86 8.43 -- --

As on 21-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Business Cycles Fund - Regular Plan  | Invest Online
Unrated
Aug-14 -5.72 -4.74 3.42 2.57 504
SBI Magnum Equity ESG Fund  | Invest Online
Unrated
Jan-91 -1.49 4.06 7.33 2.04 2,772
ICICI Prudential India Opportunities Fund  | Invest Now
Unrated
Jan-19 -7.17 -- -- 2.01 2,756
Axis ESG Equity Fund - Regular Plan
Unrated
Feb-20 -- -- -- 2.01 1,755
UTI Transportation and Logistics Fund - Regular Plan  | Invest Online
Unrated
Apr-04 0.25 -9.03 0.11 2.52 1,260

Best & Worst Performance

Best (Period) Worst (Period)
Week 9.90 (26-May-2020 - 02-Jun-2020) -23.21 (16-Mar-2020 - 23-Mar-2020)
Month 18.97 (22-May-2020 - 23-Jun-2020) -40.16 (20-Feb-2020 - 23-Mar-2020)
Quarter 31.71 (24-Mar-2020 - 23-Jun-2020) -35.74 (23-Dec-2019 - 23-Mar-2020)
Year 51.01 (26-Dec-2016 - 26-Dec-2017) -33.90 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.40 25.99 -0.21 -0.24 1.13 -6.89
S&P BSE 500 TRI 6.34 21.82 0.05 0.06 -- --

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

As on 31-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 52
Top 10 Stocks (%) 47.41
Top 5 Stocks (%) 29.97
Top 3 Sectors (%) 50.19
Portfolio P/B Ratio 3.00
Portfolio P/E Ratio 26.42

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 46,168 81,906
Giant (%) 37.49 40.21
Large (%) 8.55 27.04
Mid (%) 34.94 22.18
Small (%) 19.01 13.32
Tiny (%) -- 0.34

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 Reliance Industries Energy 35.40 8.14 0.00 7.89
equal HDFC Bank Financial 20.14 8.73 4.14 7.38
equal ICICI Bank Financial 23.83 8.08 0.93 5.27
equal Ratnamani Metals & Tubes Metals 19.01 5.00 1.16 5.00
down Timken India Engineering 40.19 4.55 1.86 4.43
equal Kotak Mahindra Bank Financial 30.03 4.36 1.59 3.89
down Trent Services -- 4.48 1.22 3.48
down Deepak Nitrite Chemicals 20.07 5.11 0.00 3.45
down Ultratech Cement Construction 21.22 3.85 1.91 3.32
down Shree Cement Construction 46.36 4.46 1.69 3.30
down AIA Engineering Metals 28.87 2.85 1.04 2.54
equal Larsen & Toubro Construction 14.47 5.80 2.30 2.32
down Aegis Logistics Services 112.94 2.26 1.37 2.26
equal The Ramco Cements Construction 32.30 4.05 1.81 2.20
equal HDFC Financial 13.77 3.50 1.28 2.14
down Maruti Suzuki India Automobile 48.63 3.85 0.49 2.09
equal Mahindra & Mahindra Automobile -- 2.09 0.00 2.04
equal Atul Chemicals 29.38 2.02 0.00 2.02
equal Whirlpool Cons Durable 84.82 2.08 0.80 1.95
equal Sundram Fasteners Engineering 42.09 1.84 0.57 1.84
equal Godrej Properties Construction 134.81 1.89 0.00 1.82
equal Coromandel International Chemicals 18.76 1.94 0.52 1.70
down Titan Company Cons Durable 117.59 3.47 1.20 1.56
equal Bayer CropScience Healthcare 47.08 1.64 0.00 1.53
equal Jindal Steel & Power Metals 266.35 1.46 0.00 1.46

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-Aug-2020

Fund Manager

— Venugopal Manghat since 30-Jul-2014

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:


-2.84%

Change from previous, NAV as on 21-Sep-2020

Growth: ₹ 14.0510

Dividend: ₹ 11.6410


Investment Strategy

The scheme seeks to generate long term capital appreciation from a portfolio of equity and equity related securities including equity derivatives in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

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: 20-Aug-2014
Return Since Launch: 5.74%
Benchmark: S&P BSE 200 TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 504 Cr (As on 31-Aug-2020)
Expense: 2.57% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --
Turnover: 18.19%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend03-Oct-20190.6198

 20-Jul-20180.7969
 14-Jul-20171.0000

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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dateFriday, 25-Sep-2020
time12:30 PM - 01:00 PM