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L&T Tax Advantage Fund


1 Lakh

Investment Grown to
₹ 1.34 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.78 Lakh

Analyst's Choice?

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 3.83 1.91 8.32 4.21 10.24 9.15 11.80
S&P BSE 200 TRI 9.52 1.72 8.77 10.63 13.88 9.66 10.43
Equity: ELSS 7.31 1.02 7.98 8.28 11.07 8.55 10.98
Rank within category 28 8 20 31 23 11 10
Number of funds in category 35 38 37 35 34 29 26

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 29.35 (11-May-2009 - 10-Jun-2009) -29.73 (24-Sep-2008 - 24-Oct-2008)
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 10.57 13.01 0.37 0.59 0.95 -2.16
S&P BSE 200 TRI 13.76 12.78 0.63 1.00 -- --
Equity: ELSS 11.17 13.43 0.40 0.61 0.96 -1.64
Rank within category 23 13 22 19 16 22
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-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Stocks (%) 40.81
Top 5 Stocks (%) 26.16
Top 3 Sectors (%) 59.59
Portfolio P/B Ratio 3.53
Portfolio P/E Ratio 26.78

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 82,553 3,01,056 96,702
Giant (%) 51.45 64.44 52.39
Large (%) 10.41 20.06 15.16
Mid (%) 29.12 15.30 24.27
Small (%) 9.01 0.21 8.53
Tiny (%) -- -- 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 67.66 7.52 1.10 7.52
equal HDFC Bank Financial 29.57 6.58 3.72 6.58
equal Tata Consultancy Services Technology 23.99 5.63 1.69 4.52
equal Reliance Industries Energy 23.90 4.21 0.00 3.90
equal Kotak Mahindra Bank Financial 39.32 3.83 1.93 3.64
equal Larsen & Toubro Construction 19.37 3.83 2.94 3.34
down HCL Technologies Technology 14.61 3.14 0.00 2.92
down Bharti Airtel Communication 3.02 0.00 2.88
equal Infosys Technology 19.54 3.97 0.29 2.81
equal HDFC Financial 33.50 4.42 0.00 2.70
equal Axis Bank Financial 47.71 3.09 0.00 2.56
down The Ramco Cements Construction 29.17 2.71 1.92 2.52
down Future Retail Services 22.64 3.42 1.21 2.25
up Sanofi India Healthcare 40.54 2.21 0.00 2.21
equal Emami FMCG 42.74 2.26 0.00 2.17
equal City Union Bank Financial 23.22 2.00 0.00 1.99
equal State Bank of India Financial 29.35 3.15 0.00 1.99
equal Cholamandalam Invest. & Fin. Financial 20.32 1.90 0.00 1.87
equal Abbott India Healthcare 52.46 1.85 0.00 1.85
up Sun Pharmaceutical Inds. Healthcare 24.31 2.38 0.45 1.81
equal ITC FMCG 21.38 4.07 1.76 1.76
equal Berger Paints India Chemicals 78.74 1.80 0.82 1.71
equal Trent Services 117.70 1.75 0.00 1.70
equal RBL Bank Financial 21.24 3.10 0.00 1.58
equal ICICI Lombard General Insurance Financial 56.52 1.52 0.00 1.52

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-Nov-2019

Fund Manager

— Soumendra Nath Lahiri since 24-Nov-2012

Education: Mr. Lahiri is a B.Tech and PGDM from IIM Bangalore.

Experience: Prior to joining L&T Mutual Fund he has worked with Canara Robeco AMC Co. Ltd., Emkay Investment Managers Ltd, Fortuna Capital, DSP Mutual Fund.

Interviews:

Funds Managed:


0.79%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 54.9100

Dividend: ₹ 20.9440


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
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,396 Cr (As on 30-Nov-2019)
Expense: 2.03% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-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: 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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM