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Unrated

L&T Business Cycles Fund - Regular Plan download report


Equity: Thematic

1 Lakh

Investment Grown to
₹ 1.68 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.07 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 flexi-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.

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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
L&T Business Cycles Reg-G 5.29 0.26 2.13 11.34 14.80 6.84 13.03 18.99 9.00 9.67 --
S&P BSE 500 TRI 4.08 0.67 2.70 11.86 11.28 5.39 10.65 21.35 13.80 13.25 --

As on 17-Aug-2022

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 13.03 18.99 9.00 2.52 544
ICICI Prudential Business Cycle Fund  | Invest Now
Unrated
Jan-21 15.27 -- -- 1.90 5,565
ICICI Prudential India Opportunities Fund  | Invest Now
Unrated
Jan-19 22.88 26.27 -- 2.13 5,298
ICICI Prudential Housing Opportunities Fund  | Invest Now
Unrated
Apr-22 -- -- -- 1.93 3,223
Aditya Birla Sun Life Business Cycle Fund - Regular Plan  | Invest Online
Unrated
Dec-21 -- -- -- 2.00 2,352

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 10.40 29-Jan-2021 - 05-Feb-2021 -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 91.93 23-Mar-2020 - 23-Mar-2021 -33.90 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
L&T Business Cycles Reg-G 19.15 25.87 0.61 0.62 1.11 -2.93
S&P BSE 500 TRI 20.28 22.43 0.75 0.86 -- --

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 52
Top 10 Stocks (%) 47.93
Top 5 Stocks (%) 30.46
Top 3 Sectors (%) 52.56
Portfolio P/B Ratio 3.28
Portfolio P/E Ratio 23.68

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 66,442 1,23,328
Giant (%) 37.96 43.63
Large (%) 7.39 27.30
Mid (%) 38.16 26.64
Small (%) 16.49 8.07
Tiny (%) -- 0.12

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 ICICI Bank Financial 22.21 9.33 4.75 8.90
equal Timken India Capital Goods 57.99 6.31 2.64 6.31
equal HDFC Bank Financial 21.15 8.73 5.90 6.12
equal Reliance Industries Energy 27.12 8.69 3.07 4.73
equal State Bank of India Financial 13.45 4.40 0.71 4.40
equal Schaeffler India Capital Goods 58.17 4.29 0.73 4.29
equal Larsen & Toubro Construction 28.94 5.80 2.27 3.65
equal Ratnamani Metals & Tubes Metals & Mining 33.57 6.75 2.46 3.42
equal KNR Constructions Construction 20.37 3.88 1.20 3.21
equal ABB India Ltd. Capital Goods 73.72 2.90 0.00 2.90
equal Trent Services 142.61 4.48 1.78 2.49
equal Ahluwalia Contracts Construction 19.01 2.62 1.20 2.38
equal Ultratech Cement Materials 26.81 5.32 2.25 2.36
equal Carborundum Universal Metals & Mining 47.12 2.51 0.73 2.14
equal The Ramco Cements Materials 22.36 4.05 1.81 1.93
equal Birla Corporation Materials 24.25 2.65 0.79 1.76
equal Godrej Properties Construction 102.83 3.27 0.36 1.70
equal Kotak Mahindra Bank Financial 29.00 4.36 1.43 1.59
equal Mahindra & Mahindra Automobile 18.78 2.63 0.00 1.57
up Maruti Suzuki India Automobile 60.77 2.13 0.44 1.53
down Kajaria Ceramics Materials 44.16 2.06 0.84 1.53
equal Century Plyboards (India) Materials 38.70 1.78 0.00 1.49
equal Gujarat Fluorochemicals Chemicals 42.14 1.46 0.00 1.46
equal EIH Services 123.97 1.54 0.63 1.45
equal Hindalco Inds. Metals & Mining 6.54 2.00 0.00 1.43

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-Jul-2022

Fund Manager

— Cheenu Gupta since 02-Jul-2021

Education: Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)

Experience: Prior to joining L&T Mutual Fund, she has worked with Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.

Funds Managed:


0.26%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 24.0970

IDCW: ₹ 17.6500


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. 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: 20-Aug-2014
Return Since Launch: 11.63%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 544 Cr (As on 31-Jul-2022)
Expense Ratio: 2.52% (As on 31-Jul-2022)
Risk Grade: --
Return Grade: --
Turnover: 10.74%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-Jul-20221.1000

 23-Jul-20211.0000
 03-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

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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