August 20, 2022
mayank
L&T Tax Advantage Fund Guidance
NAV Growth : Rs 83.6990
NAV IDCW : Rs 32.8660
Suitable For Which Investors ?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy :
The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
Fund Manager :
— 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.
— Vihang Naik
Education : Mr. Naik is a CFA & BMS.
Experience : Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 500 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House: | L&T Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 13.94% |
| Benchmark: | S&P BSE 500 TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 3,150 Cr |
| (As on 31-Jul-2022) | |
| Expense Ratio: | 1.19% |
| (As on 31-Jul-2022) | |
| Risk Grade: | Above Average |
| Return Grade: | Below Average |
| Turnover: | 127.53% |
L&T Tax Advantage 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 Tax Adv Direct-G | -3.46 | -1.33 | 0.27 | 8.44 | 13.07 | 2.44 | 3.82 | 16.33 | 9.47 | 10.87 | — |
| S&P BSE 500 TRI | 3.19 | -1.05 | 0.73 | 8.85 | 13.37 | 4.91 | 9.87 | 20.97 | 13.72 | 13.05 | — |
| Equity: ELSS | 0.98 | -1.02 | 0.42 | 7.63 | 12.98 | 3.5 | 7.5 | 20.48 | 12.95 | 12.41 | — |
| Rank within category | 33 | 34 | 26 | 6 | 20 | 29 | 29 | 31 | 30 | 22 | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 32 | 28 | 1 |
L&T Tax Advantage Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| L&T Tax Advantage Fund | 2 star | Jan-13 | 3.82 | 16.33 | 9.47 | 1.19 | 3,150 |
| Mirae Asset Tax Saver Fund | 5 star | Dec-15 | 6.61 | 23.89 | 17.17 | 0.56 | 12,615 |
| DSP Tax Saver Fund | 4 star | Jan-13 | 5.26 | 21.55 | 14.24 | 0.82 | 9,966 |
| Canara Robeco Equity Tax Saver Fund | 5 star | Jan-13 | 7.54 | 25.13 | 17.31 | 0.6 | 3,957 |
| IDFC Tax Advantage (ELSS) Fund | 4 star | Jan-13 | 11.5 | 25.6 | 15 | 0.75 | 3,692 |
Portfolio Analysis
| Number of Stocks | 64 |
| Top 10 Stocks (%) | 48.55 |
| Top 5 Stocks (%) | 30.77 |
| Top 3 Sectors (%) | 51.78 |
| Portfolio P/B Ratio | 4.5 |
| Portfolio P/E Ratio | 29.58 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,43,733 | 1,45,829 |
| Giant (%) | 51.04 | 54.28 |
| Large (%) | 19.56 | 17.24 |
| Mid (%) | 25.57 | 22.41 |
| Small (%) | 3.82 | 6.4 |
| Tiny (%) | — | 0.22 |
L&T Tax Advantage Fund Guidance by Chanakya :
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
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