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L&T Large and Midcap Fund


1 Lakh

Investment Grown to
₹ 1.30 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.91 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. 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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(₹)
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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 3.94 -0.20 1.30 3.70 8.28 13.22 14.46 9.04 6.72 12.68 12.50
S&P BSE Large Mid Cap TRI 1.56 0.62 -0.46 1.38 6.31 10.25 12.98 13.34 8.45 12.60 10.78
Equity: Large & MidCap 3.44 -0.48 0.75 3.23 7.70 12.36 15.02 10.26 8.13 14.35 12.08
Rank within category 8 4 9 8 10 13 16 13 13 12 7
Number of funds in category 27 28 28 27 26 25 24 21 19 18 17

As on 27-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 23.33 (14-May-2009 - 21-May-2009) -17.87 (15-Jan-2008 - 22-Jan-2008)
Month 41.86 (28-Apr-2009 - 28-May-2009) -29.07 (26-Sep-2008 - 27-Oct-2008)
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 10.88 14.55 0.35 0.53 1.08 -4.28
S&P BSE Large Mid Cap TRI 14.29 12.62 0.68 1.06 -- --
Equity: Large & MidCap 11.79 13.81 0.44 0.66 1.01 -2.73
Rank within category 14 17 14 15 17 15
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 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 46
Top 10 Stocks (%) 42.06
Top 5 Stocks (%) 25.58
Top 3 Sectors (%) 55.87
Portfolio P/B Ratio 3.75
Portfolio P/E Ratio 29.28

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 68,190 68,908
Giant (%) 43.28 42.33
Large (%) 5.41 10.46
Mid (%) 48.03 44.37
Small (%) 3.06 5.89
Tiny (%) 0.21 0.20

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 ICICI Bank Financial 36.58 7.91 0.00 7.91
equal HDFC Bank Financial 25.29 5.54 0.00 5.54
down Tata Consultancy Services Technology 25.10 5.72 1.77 4.07
down Larsen & Toubro Construction 19.37 5.22 3.53 4.06
equal Reliance Industries Energy 22.02 4.14 0.00 4.00
up Kotak Mahindra Bank Financial 35.46 4.77 0.00 3.56
equal City Union Bank Financial 23.72 3.54 0.00 3.54
equal Cholamandalam Invest. & Fin. Financial 19.65 4.33 0.00 3.28
equal Infosys Technology 20.26 3.50 0.00 3.05
equal Jubilant FoodWorks Services 74.93 3.05 0.00 3.05
up HCL Technologies Technology 15.72 3.02 1.86 2.82
down Abbott India Healthcare 51.21 3.23 0.00 2.61
equal Mphasis Technology 15.35 3.44 1.07 2.54
equal Bharti Airtel Communication -- 2.78 0.00 2.51
equal Pfizer Healthcare 39.24 2.41 0.00 2.41
equal Torrent Pharmaceuticals Healthcare 61.91 2.58 0.00 2.34
equal AIA Engineering Metals 28.25 2.42 0.00 2.22
down Axis Bank Financial 43.59 4.78 0.00 2.10
equal Emami FMCG 44.64 2.78 1.42 2.05
equal Canara Bank Financial 29.64 2.16 0.00 2.05
equal Atul Chemicals 22.93 2.02 0.00 2.02
equal Amara Raja Batteries Engineering 22.44 2.08 0.00 2.02
down SBI Life Insurance Company Financial 73.57 2.42 0.00 2.00
equal Hindustan Unilever FMCG 67.77 2.22 0.00 2.00
equal ICICI Securities Financial 31.00 1.86 0.00 1.86

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-Dec-2019

Fund Manager

— 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:

— 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:


-0.20%

Change from previous, NAV as on 27-Jan-2020

Growth: ₹ 50.4670

Dividend: ₹ 25.6250


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: 12.55%
Benchmark: NIFTY Large Midcap 250 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,351 Cr (As on 31-Dec-2019)
Expense: 2.28% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Average
Turnover: 43.32%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-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
 23-May-20180.2125
 23-Apr-20180.2125
 23-Mar-20180.2200
 23-Feb-20180.2200
 25-Jan-20180.2200

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

How worrisome is the slowdown

dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM