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L&T Tax Advantage Fund

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.07 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

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 ELSS, 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 7.30 0.71 1.69 10.25 13.97 34.26 7.72 2.38 9.59 13.59 9.94
S&P BSE 500 TRI 9.95 0.31 1.46 11.78 14.44 37.92 10.66 6.80 11.35 13.65 9.70
Equity: ELSS 8.36 0.54 1.40 10.88 13.43 34.08 8.96 4.28 9.53 14.19 10.33
Rank within category 19 11 12 24 15 16 19 26 17 16 15
Number of funds in category 38 38 38 38 38 38 38 34 30 29 27

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 Tax Advantage Fund  | Invest Online
3 star
 Feb-06 7.72 2.38 9.59 2.03 3,109
Axis Long Term Equity Fund
4 star
 Dec-09 13.78 11.24 12.95 1.71 22,632
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
 Mar-96 6.91 3.88 9.93 1.89 11,158
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 7.54 5.70 11.36 1.83 6,325
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 14.80 9.84 -- 1.84 4,463

Best & Worst Performance

Best (Period) Worst (Period)
Week 16.69 (27-Oct-2008 - 04-Nov-2008) -18.45 (11-Mar-2020 - 18-Mar-2020)
Month 29.35 (11-May-2009 - 10-Jun-2009) -36.57 (20-Feb-2020 - 23-Mar-2020)
Quarter 70.24 (09-Mar-2009 - 10-Jun-2009) -36.29 (02-Sep-2008 - 02-Dec-2008)
Year 114.68 (09-Mar-2009 - 11-Mar-2010) -51.58 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.66 21.83 -0.15 -0.16 1.00 -3.65
S&P BSE 500 TRI 5.31 21.56 0.02 0.02 -- --
Equity: ELSS 3.36 21.22 -0.07 -0.08 0.95 -1.93
Rank within category 25 24 24 23 27 25
Number of funds in category 34 34 34 34 34 34

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 59
Top 10 Stocks (%) 38.22
Top 5 Stocks (%) 23.61
Top 3 Sectors (%) 51.47
Portfolio P/B Ratio 3.41
Portfolio P/E Ratio 26.13

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 88,119 99,352
Giant (%) 51.84 51.33
Large (%) 12.12 15.47
Mid (%) 28.55 24.79
Small (%) 7.50 8.39
Tiny (%) -- 0.16

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 Reliance Industries Energy 31.99 5.92 0.00 5.41
equal HCL Technologies Technology 18.30 4.76 0.89 4.76
equal Infosys Technology 26.25 4.67 0.29 4.67
equal ICICI Bank Financial 23.43 7.94 1.10 4.55
equal Tata Consultancy Services Technology 32.80 5.63 1.81 4.22
equal Kotak Mahindra Bank Financial 41.59 4.22 1.93 3.36
equal HDFC Bank Financial 26.83 6.59 2.98 3.25
equal The Ramco Cements Construction 35.08 2.74 1.92 2.74
equal Emami FMCG 60.20 2.72 0.00 2.72
equal ITC FMCG 17.38 3.54 1.49 2.54
equal Ipca Laboratories Healthcare 27.96 2.48 0.00 2.48
equal Abbott India Healthcare 49.67 3.29 0.00 2.46
equal ICICI Lombard General Insurance Company Financial 47.60 2.98 0.00 2.42
equal Trent Services -- 2.55 0.95 2.35
equal Berger Paints India Chemicals 120.54 2.48 0.82 2.34
equal Larsen & Toubro Construction 13.78 3.83 2.27 2.33
equal Shree Cement Construction 51.11 3.27 0.00 2.26
equal Maruti Suzuki India Automobile 52.26 2.17 0.00 2.15
equal Dr. Reddy's Lab Healthcare 49.91 2.20 0.00 2.06
equal Jubilant FoodWorks Services 240.54 2.22 0.00 2.05
equal Sanofi India Healthcare 42.07 2.24 0.00 1.98
equal Titan Company Cons Durable 171.02 2.09 0.00 1.96
equal HDFC Financial 25.13 4.42 1.79 1.96
equal Asian Paints Chemicals 93.48 1.92 0.00 1.92
equal Bharti Airtel Communication -- 4.58 0.80 1.91

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

— 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:

— 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:

Invest Online
0.71%

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

Growth: ₹ 59.3830

Dividend: ₹ 21.4950

Investment Strategy

The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Feb-2006
Return Since Launch: 12.83%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,109 Cr (As on 31-Oct-2020)
Expense: 2.03% (As on 31-Oct-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 22.22%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend20-Mar-20200.7083

 26-Nov-20190.6641
 22-Mar-20190.8854
 22-Nov-20180.8854
 16-Mar-20181.2000
 17-Nov-20171.2000
 17-Mar-20171.0000
 18-Nov-20161.0000
 18-Mar-20161.2000
 24-Nov-20151.2000
 27-Feb-20151.7000
 12-Dec-20142.0000
 21-Mar-20141.2000
 18-Mar-20131.0000
 01-Dec-20111.0000
 21-Dec-20101.5000
 13-Mar-20081.5000

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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