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4 star

L&T Infrastructure Fund


Equity: Sectoral-Infrastructure

1 Lakh

Investment declined to
₹ 0.81 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.98 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -16.90 -0.86 1.28 3.68 21.09 -17.60 -17.54 -6.60 2.60 12.79 5.21
S&P BSE India Infrastructure TRI -17.01 -0.78 2.86 2.56 22.58 -18.51 -28.09 -10.61 -2.53 4.02 1.42
Equity: Sectoral-Infrastructure -14.12 -0.83 1.62 3.29 22.01 -14.36 -15.70 -5.58 0.81 9.71 3.81
Rank within category 16 11 14 9 12 16 13 17 7 3 5
Number of funds in category 21 21 21 21 21 21 21 21 20 19 17

As on 08-Jul-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
4 star
Sep-07 -17.54 -6.60 2.60 2.33 1,163
Franklin Build India Fund  | Invest Online Now
4 star
Sep-09 -18.99 -3.41 2.89 2.39 837
Nippon India Power & Infra Fund  | Invest Online
3 star
May-04 -12.35 -4.86 2.61 2.44 934
UTI Infrastructure Fund - Regular Plan  | Invest Online
3 star
Apr-04 -17.35 -4.90 0.04 2.39 931
ICICI Prudential Infrastructure Fund  | Invest Now
2 star
Aug-05 -20.45 -5.96 -0.59 2.56 744

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 -3.17 24.77 -0.34 -0.38 0.92 4.13
S&P BSE India Infrastructure TRI -8.40 25.26 -0.54 -0.67 -- --
Equity: Sectoral-Infrastructure -2.49 25.34 -0.30 -0.35 0.95 5.23
Rank within category 16 10 14 14 9 15
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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 44
Top 10 Stocks (%) 50.70
Top 5 Stocks (%) 33.50
Top 3 Sectors (%) 74.33
Portfolio P/B Ratio 2.02
Portfolio P/E Ratio 16.75

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 18,575 16,548
Giant (%) 24.75 28.70
Large (%) 4.51 9.35
Mid (%) 38.19 28.84
Small (%) 32.18 31.33
Tiny (%) 0.37 1.77

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 Bharti Airtel Communication -- 9.97 0.00 9.42
equal The Ramco Cements Construction 25.18 7.58 1.74 7.45
equal Larsen & Toubro Construction 13.84 9.73 6.24 7.22
equal AIA Engineering Metals 26.27 6.01 1.31 5.42
equal Mahanagar Gas Energy 12.54 3.99 0.00 3.99
equal Orient Refractories Ltd. Construction 23.06 3.91 0.95 3.79
equal Honeywell Automation Engineering 52.38 3.80 0.00 3.74
equal ACC Construction 18.20 3.53 0.00 3.45
down Reliance Industries Energy 30.88 7.69 0.00 3.19
equal Bharat Electronics Engineering 13.83 4.07 1.67 3.03
equal Polycab India Engineering 16.65 3.18 0.00 2.70
equal Ultratech Cement Construction 18.81 2.76 0.00 2.57
equal Finolex Cables Engineering 12.04 2.47 0.00 2.47
equal Rites Construction 10.52 2.84 0.00 2.46
equal Engineers India Construction 10.86 2.97 1.34 2.40
equal Shree Cement Construction 52.73 5.67 0.00 2.12
equal Thermax Engineering 42.78 2.30 0.00 2.03
equal NTPC Energy 13.38 2.27 0.00 2.01
equal BEML Engineering 42.15 3.36 0.00 1.97
equal Maharashtra Seamless Metals 6.05 2.64 1.17 1.88
equal Grasim Industries Construction 9.04 5.67 0.00 1.75
equal Grindwell Norton Metals 29.58 2.32 0.00 1.72
equal Godrej Properties Construction 82.72 1.74 0.69 1.69
equal Gujarat Pipavav Port Services 12.35 1.68 0.00 1.68
equal ABB Engineering 71.71 1.91 0.00 1.57

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-Jun-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:


-0.86%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 12.6900

Dividend: ₹ 12.6900


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: 1.88%
Benchmark: NIFTY Infrastructure TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,163 Cr (As on 30-Jun-2020)
Expense: 2.33% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 22.71%

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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