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2 star

L&T Tax Advantage Fund


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.21 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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(₹)
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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 27.89 -1.07 -3.48 0.68 9.06 21.34 47.86 15.65 13.07 13.27 14.64
S&P BSE 500 TRI 35.93 -0.50 -1.76 3.68 15.04 29.28 60.84 23.03 17.01 14.96 15.84
Equity: ELSS 35.00 -0.41 -1.76 3.55 13.13 28.39 58.27 21.61 14.98 14.33 16.25
Rank within category 34 37 37 36 36 36 33 34 26 18 22
Number of funds in category 38 38 38 38 38 38 38 35 34 29 27

As on 21-Oct-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 47.86 15.65 13.07 1.97% 3,599
Axis Long Term Equity Fund
4 star
Dec-09 61.77 24.90 18.16 1.51% 34,371
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 61.96 26.90 20.74 1.66% 9,832
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 65.90 25.94 16.38 1.76% 9,756
IDFC Tax Advantage (ELSS) Fund - Regular Plan
4 star
Dec-08 80.05 24.22 18.05 1.93% 3,439

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 16.02 21.98 0.55 0.57 0.98 -4.30
S&P BSE 500 TRI 20.70 22.02 0.76 0.86 -- --
Equity: ELSS 19.52 21.54 0.72 0.78 0.95 -0.34
Rank within category 28 23 31 31 24 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 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 65
Top 10 Stocks (%) 36.06
Top 5 Stocks (%) 21.62
Top 3 Sectors (%) 50.21
Portfolio P/B Ratio 4.58
Portfolio P/E Ratio 32.41

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,07,692 1,33,866
Giant (%) 44.96 51.26
Large (%) 19.68 16.18
Mid (%) 34.08 25.11
Small (%) 1.15 7.62
Tiny (%) 0.13 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
down Infosys Technology 35.31 6.65 2.75 5.87
down ICICI Bank Financial 26.23 7.94 2.62 5.39
down State Bank of India Financial 17.95 6.37 0.00 3.66
equal Bajaj Finance Financial 104.71 3.41 0.00 3.41
down HDFC Bank Financial 27.18 6.59 2.71 3.29
up Ultratech Cement Construction 32.27 3.09 0.00 3.09
equal Tata Steel Metals 7.60 3.38 0.00 3.05
down Jubilant FoodWorks Services 122.10 3.20 0.00 3.03
up KPR Mills Textiles 24.46 3.62 0.97 2.82
up Asian Paints Chemicals 88.51 2.45 0.64 2.45
down Sona BLW Precision Forgings Automobile 169.44 2.31 0.00 2.31
down Tata Consultancy Services Technology 35.73 5.63 2.31 2.31
equal Coforge Technology 66.15 2.20 0.00 2.20
equal Hindalco Inds. Metals 15.91 2.11 0.00 2.11
equal Persistent Systems Technology 60.22 2.02 0.00 2.02
up Clean Science And Technology Chemicals 108.30 1.91 0.00 1.91
up Bajaj Finserv Financial 72.46 1.89 0.00 1.89
equal Gland Pharma Healthcare 59.01 1.92 0.00 1.81
new Maruti Suzuki India Automobile 44.56 2.15 0.00 1.77
equal Motherson Sumi Systems Automobile 33.89 1.70 0.00 1.70
new Wipro Technology 31.52 1.70 0.00 1.70
up Varun Beverages FMCG 62.87 1.70 0.00 1.70
equal Minda Industries Automobile 62.66 1.68 0.00 1.68
equal DLF Construction 67.10 1.55 0.00 1.55
up Axis Bank Financial 29.35 3.09 0.00 1.54

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 30-Sep-2021

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:


-1.07%

Change from previous, NAV as on 21-Oct-2021

Growth: ₹ 80.2990

IDCW: ₹ 26.8040


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: 14.23%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,599 Cr (As on 30-Sep-2021)
Expense: 1.97% (As on 30-Sep-2021)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 89.89%

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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