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3 star

L&T Tax Advantage Fund


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.96 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.31 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. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 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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(₹)
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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 -12.64 0.50 0.87 4.99 29.09 -13.49 -11.46 -1.42 4.73 11.74 9.02
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: ELSS -11.47 0.52 1.28 5.33 26.86 -11.98 -9.91 0.41 4.52 12.17 9.18
Rank within category 22 25 30 23 10 24 23 25 15 15 14
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

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 Tax Advantage Fund  | Invest Online
3 star
Feb-06 -11.46 -1.42 4.73 2.08 2,660
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -5.93 6.06 7.14 1.74 19,127
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 -3.40 2.94 6.73 1.93 9,177
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -7.44 2.46 7.00 1.87 5,359
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -5.50 5.29 -- 1.89 3,141

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 0.70 21.79 -0.21 -0.22 0.99 -3.59
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 26 26 26 24 28 26
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 38.70
Top 5 Stocks (%) 22.19
Top 3 Sectors (%) 50.58
Portfolio P/B Ratio 2.87
Portfolio P/E Ratio 20.66

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 75,280 81,886
Giant (%) 51.36 51.09
Large (%) 18.54 16.11
Mid (%) 21.35 24.48
Small (%) 8.62 8.30
Tiny (%) 0.12 0.22

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
up Reliance Industries Energy 30.71 5.31 0.00 5.31
equal HDFC Bank Financial 21.64 6.59 3.72 5.14
down Bharti Airtel Communication -- 4.58 0.00 4.45
equal Tata Consultancy Services Technology 25.51 5.63 1.81 3.65
equal HCL Technologies Technology 14.21 3.64 0.00 3.64
equal Infosys Technology 19.57 3.75 0.29 3.56
equal ITC FMCG 16.65 4.07 1.49 3.54
equal Shree Cement Construction 53.77 3.16 0.00 3.16
equal Abbott India Healthcare 56.13 3.29 0.00 3.14
equal Kotak Mahindra Bank Financial 31.17 4.22 1.93 3.11
equal Sun Pharmaceutical Inds. Healthcare 30.39 3.04 0.45 3.04
equal ICICI Lombard General Insurance Company Financial 48.83 2.98 0.00 2.98
equal ICICI Bank Financial 24.44 7.94 1.10 2.80
equal Larsen & Toubro Construction 13.89 3.83 2.59 2.73
equal The Ramco Cements Construction 25.00 2.71 1.92 2.42
equal Sanofi India Healthcare 44.16 2.24 0.00 2.24
equal Berger Paints India Chemicals 74.33 2.48 0.82 2.16
equal Lupin Healthcare -- 2.06 0.50 2.06
equal Maruti Suzuki India Automobile 31.58 2.23 0.00 2.02
equal Dr. Reddy's Lab Healthcare 32.17 2.00 0.00 2.00
equal HDFC Financial 15.26 4.42 1.98 1.98
equal Trent Services 179.34 2.55 0.91 1.95
down Ipca Laboratories Healthcare 34.65 2.36 0.00 1.87
equal Jubilant FoodWorks Services 81.89 1.83 0.00 1.82
equal Titan Company Cons Durable 59.32 2.09 0.00 1.75

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:


0.50%

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

Growth: ₹ 48.3460

Dividend: ₹ 17.4990


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: 11.60%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,660 Cr (As on 31-May-2020)
Expense: 2.08% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 27.27%

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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