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L&T Tax Advantage Fund

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.20 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.56 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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(₹)
cal
cal

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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 7.43 0.55 -1.62 -0.38 4.39 25.67 59.48 6.13 13.17 14.27 11.53
S&P BSE 500 TRI 7.29 0.49 -1.83 -1.65 3.50 28.70 68.29 11.27 14.91 14.48 11.55
Equity: ELSS 6.85 0.53 -1.84 -1.92 2.89 26.94 59.67 8.83 13.31 14.74 12.31
Rank within category 14 16 11 4 8 22 23 29 16 15 19
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 16-Apr-2021

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
2 star
 Feb-06 59.48 6.13 13.17 2.00 3,407
Axis Long Term Equity Fund
4 star
 Dec-09 53.51 12.32 15.31 1.85 27,870
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 66.19 12.14 15.37 1.83 8,056
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 71.59 15.60 20.48 1.97 6,934
Canara Robeco Equity Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Mar-93 60.66 15.59 16.22 2.34 1,961

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 10.06 22.90 0.24 0.26 0.99 -4.73
S&P BSE 500 TRI 14.92 22.86 0.46 0.53 -- --
Equity: ELSS 12.65 22.48 0.36 0.41 0.96 -1.83
Rank within category 29 23 30 29 26 31
Number of funds in category 35 35 35 35 35 35

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

As on 31-Mar-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 59
Top 10 Stocks (%) 32.44
Top 5 Stocks (%) 17.49
Top 3 Sectors (%) 45.98
Portfolio P/B Ratio 4.13
Portfolio P/E Ratio 30.42

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 87,629 1,18,401
Giant (%) 47.84 51.74
Large (%) 13.51 15.89
Mid (%) 28.59 23.73
Small (%) 9.78 8.61
Tiny (%) 0.28 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 Infosys Technology 29.78 4.68 1.95 3.90
down ICICI Bank Financial 26.57 7.94 1.10 3.55
equal HCL Technologies Technology 20.79 4.76 0.93 3.47
equal Emami FMCG 61.89 3.45 0.00 3.33
equal Larsen & Toubro Construction 16.63 3.83 2.27 3.24
equal The Ramco Cements Construction 33.67 3.14 2.16 3.14
equal State Bank of India Financial 13.08 3.28 0.00 3.07
down Tata Consultancy Services Technology 36.95 5.63 2.94 2.94
equal Tube Investments Of India Automobile 107.07 2.93 0.86 2.93
down Reliance Industries Energy 30.95 5.92 0.00 2.87
down HDFC Bank Financial 25.67 6.59 2.82 2.82
equal Shree Cement Construction 54.94 3.27 0.00 2.80
equal ICICI Lombard General Insurance Company Financial 45.71 2.98 0.00 2.56
equal ITC FMCG 19.30 3.54 1.49 2.51
equal Jubilant FoodWorks Services 233.42 2.56 0.00 2.50
equal Titan Company Cons Durable 182.19 2.40 0.00 2.40
equal HDFC Financial 26.52 4.12 1.79 2.33
equal Cholamandalam Invest. & Fin. Financial 33.57 2.21 1.08 2.21
equal Abbott India Healthcare 48.98 3.29 0.00 2.20
equal KPR Mills Textiles 19.86 2.15 0.97 2.15
equal Trent Services -- 2.55 0.95 2.12
equal Berger Paints India Chemicals 116.25 2.58 1.02 2.10
equal Kotak Mahindra Bank Financial 37.60 4.22 1.93 2.08
equal Bharti Airtel Communication -- 4.58 0.80 2.07
equal Maruti Suzuki India Automobile 44.92 2.15 0.00 1.93

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-Mar-2021

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

Invest Online
0.55%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 67.4560

IDCW: ₹ 22.5160

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
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 27-Feb-2006
Return Since Launch: 13.44%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,407 Cr (As on 31-Mar-2021)
Expense: 2.00% (As on 31-Mar-2021)
Risk Grade: Above Average
Return Grade: Average
Turnover: 13.31%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW26-Mar-20210.9000

 24-Dec-20200.9000
 20-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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