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L&T India Large Cap Fund


1 Lakh

Investment Grown to
₹ 1.40 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.15 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 is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.

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 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 1.38 -1.03 -0.16 0.59 4.58 8.27 15.41 11.93 7.08 12.09 10.71
Equity: Large Cap 0.86 -0.93 -0.53 0.19 4.17 7.58 11.64 13.35 7.77 11.61 9.82
Rank within category 30 73 27 32 62 38 9 62 51 20 11
Number of funds in category 111 111 111 109 108 107 101 84 64 58 43

As on 20-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 29.79 (11-May-2009 - 10-Jun-2009) -30.44 (24-Sep-2008 - 24-Oct-2008)
Quarter 74.43 (09-Mar-2009 - 10-Jun-2009) -37.57 (02-Sep-2008 - 02-Dec-2008)
Year 118.21 (09-Mar-2009 - 11-Mar-2010) -51.54 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 12.92 12.41 0.58 0.99 0.94 -3.04
Equity: Large Cap 13.91 12.54 0.66 1.01 0.95 -2.21
Rank within category 60 62 60 51 23 61
Number of funds in category 84 84 84 84 84 84

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 54
Top 10 Stocks (%) 53.40
Top 5 Stocks (%) 35.41
Top 3 Sectors (%) 66.18
Portfolio P/B Ratio 3.58
Portfolio P/E Ratio 28.92

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,09,434 2,10,763
Giant (%) 75.83 67.57
Large (%) 14.26 23.62
Mid (%) 9.91 9.66
Small (%) -- 1.84
Tiny (%) -- --

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 HDFC Bank Financial 26.16 9.44 5.76 9.11
equal ICICI Bank Financial 67.36 8.41 1.30 8.41
equal Reliance Industries Energy 22.39 8.89 2.54 8.25
equal HDFC Financial 34.97 5.49 3.07 5.13
up Infosys Technology 20.02 6.24 1.62 4.51
equal Kotak Mahindra Bank Financial 37.61 3.99 2.17 3.87
up Tata Consultancy Services Technology 25.12 4.59 1.56 3.76
up State Bank of India Financial 27.69 4.69 0.79 3.53
up Bharti Airtel Communication -- 3.45 0.79 3.45
down Larsen & Toubro Construction 19.43 4.72 2.99 3.38
up Axis Bank Financial 46.11 4.28 0.00 3.35
equal ICICI Lombard General Insurance Financial 54.02 3.04 0.00 2.96
up Bajaj Finance Financial 50.59 2.43 0.00 2.43
equal Bajaj Finserv Financial 40.83 2.33 0.81 2.20
equal The Ramco Cements Construction 30.77 2.93 1.96 1.98
equal Godrej Properties Construction 77.68 2.18 0.00 1.93
down Hindustan Unilever FMCG 67.81 2.82 0.00 1.93
equal Shree Cement Construction 64.43 3.40 1.51 1.69
up HCL Technologies Technology 15.33 2.26 0.87 1.66
down ITC FMCG 21.41 5.36 1.65 1.65
equal Asian Paints Chemicals 68.53 1.88 1.02 1.64
down NTPC Energy 9.97 1.96 0.00 1.39
equal Cholamandalam Invest. & Fin. Financial 20.50 1.71 0.00 1.20
equal Nestle India FMCG 80.87 1.20 0.00 1.16
equal Ultratech Cement Construction 40.12 3.41 1.04 1.04

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 24-Nov-2012

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:


-1.03%

Change from previous, NAV as on 20-Jan-2020

Growth: ₹ 29.3480

Dividend: ₹ 16.8310


Investment Strategy

The scheme seeks to invest in the best opportunities in the Indian and international markets, without any sector or cap bias. The fund managers will follow bottom up stock picking strategy. The focus will be on companies that offer best value relative to their respective long-term growth prospects, returns in capital and management quality.

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: 23-Oct-2007
Return Since Launch: 9.19%
Benchmark: S&P BSE 100 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 537 Cr (As on 31-Dec-2019)
Expense: 2.60% (As on 31-Dec-2019)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-Dec-20191.1510

 21-Dec-20181.1510
 15-Dec-20171.5000
 16-Dec-20161.3000
 11-Dec-20151.3000
 19-Dec-20141.3000
 18-Nov-20131.0000

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

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM