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L&T Tax Advantage Fund download report

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Equity: ELSS

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1 Lakh

Investment Grown to
₹ 1.36 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.21 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
L&T Tax Adv-G -14.86 0.98 -3.14 -12.10 -10.75 -15.46 2.49 10.76 6.73 9.54 13.52
S&P BSE 500 TRI -8.87 0.73 -2.99 -10.15 -7.83 -11.96 10.15 15.42 11.62 11.80 14.82
Equity: ELSS -10.78 0.73 -2.68 -10.20 -9.10 -13.88 8.08 13.96 9.63 10.38 14.97
Rank within category 33 8 33 34 29 25 33 29 30 17 21
Number of funds in category 36 36 36 36 36 36 36 34 32 28 26

As on 16-May-2022

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 2.49 10.76 6.73 1.99% 3,239
Axis Long Term Equity Fund
4 star
 Dec-09 -1.20 11.82 10.51 1.54% 31,656
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
 Dec-15 9.01 18.59 14.22 1.64% 11,963
DSP Tax Saver Fund  | Invest Online
4 star
 Jan-07 8.82 16.80 11.27 1.92% 9,811
IDFC Tax Advantage (ELSS) Fund - Regular Plan  | Invest Online
4 star
 Dec-08 13.94 18.20 12.43 1.96% 3,742

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
L&T Tax Adv-G 14.74 21.95 0.51 0.53 0.98 -3.19
S&P BSE 500 TRI 18.19 21.83 0.67 0.73 -- --
Equity: ELSS 16.76 21.35 0.62 0.65 0.95 -0.66
Rank within category 25 22 28 26 24 28
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-Apr-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Stocks (%) 49.65
Top 5 Stocks (%) 33.68
Top 3 Sectors (%) 54.79
Portfolio P/B Ratio 3.90
Portfolio P/E Ratio 27.33

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,41,744 1,35,974
Giant (%) 46.96 52.12
Large (%) 23.01 17.19
Mid (%) 26.70 24.36
Small (%) 3.33 6.67
Tiny (%) -- 0.23

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 28.21 8.75 0.00 8.75
up ICICI Bank Financial 19.67 7.94 2.62 7.74
equal Infosys Technology 28.90 7.52 2.75 7.52
up State Bank of India Financial 11.79 6.37 1.19 5.05
equal Bajaj Finance Financial 50.28 3.97 0.00 3.97
equal Titan Company Consumer Discretionary 88.91 3.88 0.00 3.74
down Kotak Mahindra Bank Financial 30.23 4.22 0.00 3.53
equal The Indian Hotels Company Services -- 3.21 0.00 3.21
down Tata Motors Automobile -- 3.70 0.00 2.97
down KPR Mills Textiles 23.20 3.62 0.97 2.79
equal Persistent Systems Technology 41.40 2.77 0.00 2.77
equal SRF Diversified 36.57 2.74 0.00 2.74
down HDFC Bank Financial 19.17 6.59 2.39 2.39
up Cholamandalam Investment & Finance Company Financial 25.09 2.38 0.00 2.38
equal Tata Power Company Energy 44.27 2.16 0.00 2.16
equal Sona BLW Precision Forgings Automobile 94.92 2.31 0.00 1.90
equal Minda Industries Automobile 70.81 2.34 0.00 1.89
down Wipro Technology 21.84 2.48 0.00 1.89
equal Tata Elxsi Technology 92.87 1.76 0.00 1.76
up Avenue Supermarts Services 159.03 1.74 0.00 1.74
equal Cipla Healthcare 30.17 1.64 0.00 1.64
equal DLF Construction 52.47 1.55 0.00 1.51
equal Apollo Hospitals Healthcare 48.37 1.64 0.00 1.49
down Asian Paints Materials 96.38 2.45 0.64 1.48
equal Clean Science And Technology Chemicals 92.63 1.91 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-Mar-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:

— Vihang Naik since 17-Dec-2019

Education: Mr. Naik is a CFA & BMS.

Experience: Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.

Funds Managed:

Invest Online
0.98%

Change from previous, NAV as on 16-May-2022

Growth: ₹ 69.6400

IDCW: ₹ 21.8170

Investment Strategy

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

Investment Details

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 500
Min. 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: 12.71%
Benchmark: S&P BSE 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,239 Cr (As on 30-Apr-2022)
Expense: 1.99% (As on 30-Apr-2022)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 139.32%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-Mar-20220.8000

 26-Nov-20210.8000
 26-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

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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