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3 star

L&T Infrastructure Fund


1 Lakh

Investment declined to
₹ 0.79 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.47 Lakh

Suitability:

This is a fund that invests mainly in shares of companies engaged in infrastructure-related activities or are expected to benefit from them.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other infrastructure 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -5.50 0.98 2.34 12.38 10.91 25.15 -6.48 -7.64 5.87 13.79 6.36
S&P BSE India Infrastructure TRI -3.80 0.49 3.11 17.14 11.66 28.22 -5.73 -9.87 2.38 5.10 2.71
Equity: Sectoral-Infrastructure 0.92 0.83 1.97 12.63 10.81 30.68 0.24 -4.61 4.79 11.37 4.90
Rank within category 19 11 9 11 10 17 19 18 7 4 5
Number of funds in category 21 21 21 21 21 21 21 21 21 19 18

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T Infrastructure Fund  | Invest Online
3 star
Sep-07 -6.48 -7.64 5.87 2.25 1,079
Nippon India Power & Infra Fund  | Invest Online
4 star
May-04 2.60 -5.73 5.58 2.37 1,044
Franklin Build India Fund  | Invest Online Now
4 star
Sep-09 -5.29 -2.17 6.69 2.36 837
SBI Infrastructure Fund  | Invest Online
4 star
Jul-07 0.20 -1.14 7.33 2.60 436
ICICI Prudential Infrastructure Fund  | Invest Now
2 star
Aug-05 -6.49 -5.26 3.28 2.40 1,016

Best & Worst Performance

Best (Period) Worst (Period)
Week 25.29 (13-May-2009 - 20-May-2009) -19.77 (16-Mar-2020 - 23-Mar-2020)
Month 32.78 (07-May-2014 - 06-Jun-2014) -38.96 (20-Feb-2020 - 23-Mar-2020)
Quarter 100.00 (04-Mar-2009 - 03-Jun-2009) -46.81 (20-Aug-2008 - 19-Nov-2008)
Year 112.64 (12-Mar-2009 - 12-Mar-2010) -64.27 (12-Mar-2008 - 12-Mar-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -8.27 23.84 -0.56 -0.59 0.88 2.04
S&P BSE India Infrastructure TRI -12.35 25.00 -0.69 -0.87 -- --
Equity: Sectoral-Infrastructure -4.88 25.02 -0.38 -0.45 0.94 6.34
Rank within category 17 7 18 17 8 19
Number of funds in category 21 21 21 21 21 21

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Oct-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 45
Top 10 Stocks (%) 51.86
Top 5 Stocks (%) 33.62
Top 3 Sectors (%) 78.56
Portfolio P/B Ratio 2.14
Portfolio P/E Ratio 21.38

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 22,068 33,909
Giant (%) 24.47 29.35
Large (%) 7.35 13.99
Mid (%) 36.47 29.13
Small (%) 31.52 28.09
Tiny (%) 0.18 1.64

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 The Ramco Cements Construction 35.08 8.20 2.45 8.20
equal Larsen & Toubro Construction 13.78 9.73 6.45 7.67
equal Bharti Airtel Communication -- 9.97 3.36 7.43
up Reliance Industries Energy 31.99 7.69 0.00 5.71
equal ACC Construction 25.98 4.61 0.91 4.61
equal Honeywell Automation Engineering 61.16 4.41 0.00 3.94
down Orient Refractories Ltd. Construction 37.88 4.17 0.95 3.86
down AIA Engineering Metals 30.83 6.01 1.31 3.65
up Ultratech Cement Construction 23.16 3.50 0.00 3.50
equal Grasim Industries Construction 17.23 5.67 0.00 3.29
equal Polycab India Engineering 18.53 3.18 0.00 2.64
up Godrej Properties Construction 220.29 2.60 0.69 2.60
equal Finolex Cables Engineering 15.03 2.59 0.00 2.59
down Rites Construction 12.81 2.84 0.00 2.30
equal Bharat Electronics Engineering 15.73 4.07 1.67 2.28
equal Shree Cement Construction 51.11 5.67 0.00 2.15
equal Gujarat Pipavav Port Services 16.34 2.12 0.00 2.12
equal Grindwell Norton Metals 36.66 2.32 0.00 2.10
equal Voltas Cons Durable 65.86 2.07 0.00 2.07
down Thermax Engineering 76.46 2.30 0.00 2.05
down Engineers India Construction 12.75 2.97 1.75 1.75
down BEML Engineering 39.25 3.36 0.00 1.74
down Techno Electric & Engineering Engineering 15.81 2.19 0.00 1.62
equal Birla Corporation Construction 10.74 1.88 0.73 1.61
equal ABB Engineering 97.69 1.80 0.00 1.61

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-Oct-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:


0.98%

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

Growth: ₹ 14.4300

Dividend: ₹ 14.4300


Investment Strategy

The scheme endeavours to generate capital appreciation by investing primarily in companies that are engaged in the area of infrastructure. The fund would select fundamentally sound companies, having potential to deliver superior earning growth in long run.

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: 27-Sep-2007
Return Since Launch: 2.82%
Benchmark: NIFTY Infrastructure TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,079 Cr (As on 31-Oct-2020)
Expense: 2.25% (As on 31-Oct-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 9.42%

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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dateSaturday, 28-Nov-2020
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