August 8, 2022
mayank
L&T Business Cycles Fund Guidance
NAV Growth : Rs 24.9080
NAV IDCW : Rs 17.9440
Suitable For Which Investors ?
This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.
We believe that investors should avoid funds that have a narrowly defined investment focus such as this one. Instead, they should invest in flexi-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.
Fund’s Investment Strategy :
The scheme seeks to generate long term capital appreciation from a portfolio of equity and equity related securities including equity derivatives in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Fund Manager :
— Venugopal Manghat
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.
— Cheenu Gupta
Education : Ms. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)
Experience : Prior to joining L&T Mutual Fund, she has worked with Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 500 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | Not Applicable |
| 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: | 20-Aug-14 |
| Return Since Launch: | 12.14% |
| Benchmark: | S&P BSE 500 TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 488 Cr |
| (As on 30-Jun-2022) | |
| Expense Ratio: | 1.48% |
| (As on 30-Jun-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | 12.61% |
L&T Business Cycles Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| L&T Business Cycles Direct-G | 2.74 | 0.01 | 0.85 | 12.49 | 7.36 | 0.88 | 10.13 | 19.46 | 9.16 | 9.65 | — |
| S&P BSE 500 TRI | 0.64 | 0.04 | 1.62 | 10.88 | 4.16 | -0.06 | 8.03 | 20.74 | 12.7 | 12.49 | — |
L&T Business Cycles Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| L&T Business Cycles Fund | Unrated | Aug-14 | 10.13 | 19.46 | 9.16 | 1.48 | 488 |
| ICICI Prudential Business Cycle Fund | Unrated | Jan-21 | 13.43 | — | — | 0.55 | 5,106 |
| ICICI Prudential India Opportunities Fund | Unrated | Jan-19 | 21.6 | 26.7 | — | 0.81 | 4,781 |
| ICICI Prudential Housing Opportunities Fund | Unrated | Apr-22 | — | — | — | 0.32 | 3,140 |
| Aditya Birla Sun Life Business Cycle Fund | Unrated | Dec-21 | — | — | — | 0.52 | 2,132 |
Portfolio Analysis
| Number of Stocks | 53 |
| Top 10 Stocks (%) | 47.47 |
| Top 5 Stocks (%) | 30.41 |
| Top 3 Sectors (%) | 52.4 |
| Portfolio P/B Ratio | 2.94 |
| Portfolio P/E Ratio | 21.7 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 59,997 | 1,15,953 |
| Giant (%) | 37.66 | 43.4 |
| Large (%) | 8.33 | 28.71 |
| Mid (%) | 36.84 | 25.38 |
| Small (%) | 17.17 | 7.88 |
| Tiny (%) | — | 0.15 |
L&T Business Cycles Fund Guidance by Chanakya :
Do not invest in this, or any other thematic fund, if you need to redeem your investment in less than five years.
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