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L&T Large and Midcap Fund

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Equity: Large & MidCap

1 Lakh

Investment declined to
₹ 0.94 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.34 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. But be prepared for ups and downs in your investment value along the way.

This fund invests in a combination of large and medium-sized companies, thereby providing some degree of flexibility to the fund management team to invest in companies of different sizes, depending upon where it expects maximum gains. We believe this flexibility is good for fund investors but we suggest one should also consider multi cap funds which offer complete freedom to fund managers to choose companies of different sizes.

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 large and mid cap fund, 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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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
Fund -11.33 0.59 1.34 3.87 24.87 -11.67 -9.26 -2.11 3.47 11.39 9.48
S&P BSE Large Mid Cap TRI -11.70 0.56 1.92 5.93 31.28 -12.21 -9.56 3.27 5.92 11.03 8.69
Equity: Large & MidCap -11.40 0.66 1.17 5.29 27.16 -11.86 -9.44 -0.07 4.86 13.05 9.23
Rank within category 11 20 13 26 21 12 14 15 15 12 7
Number of funds in category 27 28 28 28 28 28 25 21 20 18 17

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 Large and Midcap Fund  | Invest Online
3 star
 May-06 -9.26 -2.11 3.47 2.34 1,066
Mirae Asset Emerging Bluechip Fund - Regular Plan  | Invest Online
5 star
 Jul-10 -2.76 4.89 11.73 1.87 8,808
Canara Robeco Emerging Equities Fund - Regular Plan  | Invest Online
5 star
 Mar-05 -5.70 1.85 8.31 1.96 4,788
Kotak Equity Opportunities Fund - Regular Plan  | Invest Online
4 star
 Sep-04 -4.05 2.57 6.76 2.10 3,009
Invesco India Growth Opportunities Fund  | Invest Online
4 star
 Aug-07 -7.45 4.32 6.01 2.02 2,249

Best & Worst Performance

Best (Period) Worst (Period)
Week 23.33 (14-May-2009 - 21-May-2009) -18.77 (11-Mar-2020 - 18-Mar-2020)
Month 41.86 (28-Apr-2009 - 28-May-2009) -36.10 (20-Feb-2020 - 23-Mar-2020)
Quarter 102.45 (09-Mar-2009 - 10-Jun-2009) -41.10 (02-Sep-2008 - 02-Dec-2008)
Year 142.69 (09-Mar-2009 - 11-Mar-2010) -56.64 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -0.14 21.63 -0.25 -0.28 0.99 -5.25
S&P BSE Large Mid Cap TRI 4.95 21.15 -0.02 -0.02 -- --
Equity: Large & MidCap 2.12 22.13 -0.14 -0.15 1.01 -2.99
Rank within category 19 9 19 19 8 19
Number of funds in category 23 23 23 23 23 23

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 46
Top 10 Stocks (%) 39.18
Top 5 Stocks (%) 20.59
Top 3 Sectors (%) 47.84
Portfolio P/B Ratio 3.39
Portfolio P/E Ratio 21.20

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 64,676 58,297
Giant (%) 42.76 41.06
Large (%) 19.35 12.73
Mid (%) 35.13 42.85
Small (%) 2.60 5.18
Tiny (%) 0.17 0.12

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 Abbott India Healthcare 56.13 4.42 0.00 4.24
equal ITC FMCG 16.65 5.36 0.00 4.23
equal HDFC Bank Financial 21.64 5.54 0.00 4.20
down Reliance Industries Energy 30.71 4.83 0.00 4.04
equal Jubilant FoodWorks Services 81.89 3.88 0.00 3.88
equal Tata Consultancy Services Technology 25.51 5.72 1.77 3.86
equal Torrent Pharmaceuticals Healthcare 39.53 3.78 0.00 3.78
down Bharti Airtel Communication -- 3.75 0.00 3.75
equal ICICI Bank Financial 24.44 7.91 0.00 3.73
equal HCL Technologies Technology 14.21 3.47 1.86 3.47
equal Infosys Technology 19.57 3.50 0.00 3.39
equal Mphasis Technology 13.97 3.44 1.11 3.00
equal Pfizer Healthcare 37.05 3.48 0.00 2.92
equal Atul Chemicals 20.21 3.01 0.00 2.85
equal AIA Engineering Metals 25.63 2.84 0.00 2.84
equal Larsen & Toubro Construction 13.89 5.22 2.63 2.77
equal Hindustan Unilever FMCG 75.58 3.38 0.00 2.72
equal Kotak Mahindra Bank Financial 31.17 4.77 0.00 2.57
up Marico FMCG 45.35 2.39 0.00 2.39
equal Amara Raja Batteries Engineering 17.84 2.18 0.00 2.18
down City Union Bank Financial 19.21 3.54 0.00 2.09
equal Varun Beverages FMCG 41.68 2.17 0.00 2.08
equal SBI Life Insurance Company Financial 59.35 2.42 0.00 2.02
equal Akzo Nobel India Chemicals 34.48 2.46 0.00 1.88
equal Bata India FMCG 50.78 1.91 0.00 1.88

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:

— Venugopal Manghat since 17-Dec-2019

Education: Mr. Manghat is a B.Sc (Mathematics) and MBA (Finance).

Experience: Prior to joining L&T Mutual Fund he has worked with Tata Asset Management Ltd.

Interviews:

Funds Managed:

Invest Online
0.59%

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

Growth: ₹ 43.0520

Dividend: ₹ 21.0700

Investment Strategy

The scheme aims to invest in undervalued companies for long term investment with key theme focus being 'Special Situations' - these are situations that are out-of-the-ordinary and which therefore present interesting stock picking opportunities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 22-May-2006
Return Since Launch: 10.89%
Benchmark: NIFTY Large Midcap 250 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,066 Cr (As on 31-May-2020)
Expense: 2.34% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 36.19%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-Jun-20200.1300

 26-May-20200.1300
 23-Apr-20200.1300
 23-Mar-20200.1505
 24-Feb-20200.1505
 23-Jan-20200.1505
 23-Dec-20190.1505
 22-Nov-20190.1505
 23-Oct-20190.1505
 23-Sep-20190.1505
 23-Aug-20190.1594
 23-Jul-20190.1682
 24-Jun-20190.1682
 23-May-20190.1682
 23-Apr-20190.1948
 25-Mar-20190.2125
 25-Feb-20190.2125
 23-Jan-20190.2125
 24-Dec-20180.2125
 26-Nov-20180.2125
 23-Oct-20180.2125
 24-Sep-20180.2125
 23-Aug-20180.2125
 23-Jul-20180.2125
 22-Jun-20180.2125

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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