L&T Equity Savings Fund Guidance
NAV Growth : Rs 25.0430
NAV IDCW Quarterly : Rs 14.8890
NAV IDCW Monthly : Rs 14.3800
Suitable For Which Investors ?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy :
The scheme seeks to generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.
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.
— Praveen Ayathan
Education : Mr. Praveen is a B.Sc (Mathematics).
Experience : Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
— 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.
— Jalpan Shah
Education : Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
Experience : Prior to joining L&T Mutual Fund, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
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, 0.5% will be charged for redemption within 30 days |
Basic Details
Fund House: | L&T Mutual Fund |
Launch Date: | 01-Jan-13 |
Return Since Launch: | 8.84% |
Benchmark: | NIFTY Equity Savings TRI |
Riskometer: | Moderate |
Type: | Open-ended |
Assets: | Rs 196 Cr |
(As on 30-Jun-2022) | |
Expense Ratio: | 0.69% |
(As on 30-Jun-2022) | |
Risk Grade: | Above Average |
Return Grade: | Average |
Turnover: | 693.43% |
L&T Equity Savings 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 Equity Savings Direct-G | 1.41 | 0.07 | 0.34 | 2.49 | 2.46 | 1.24 | 5.19 | 11.68 | 7.92 | 7.65 | — |
VR MIP TRI | 1.21 | 0.24 | 0.5 | 3.61 | 3.96 | 1.76 | 5.25 | 8.82 | 8.01 | 8.18 | — |
Hybrid: Equity Savings | 1.54 | 0.21 | 0.32 | 2.76 | 3.04 | 1.28 | 5.07 | 10.14 | 7.83 | 7.94 | — |
Rank within category | 15 | 20 | 9 | 15 | 15 | 12 | 11 | 3 | 10 | 8 | — |
Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 13 | 9 | 0 |
L&T Equity Savings Fund Guidance Peer Comparison
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
L&T Equity Savings Fund | 2 star | Jan-13 | 5.19 | 11.68 | 7.92 | 0.69 | 196 |
SBI Equity Savings Fund | 4 star | May-15 | 4.6 | 11.4 | 8.49 | 0.64 | 2,328 |
Kotak Equity Savings Fund | 4 star | Oct-14 | 8.57 | 11.07 | 8.98 | 1.12 | 1,908 |
Mirae Asset Equity Savings Fund | 5 star | Dec-18 | 5.56 | 13.58 | — | 0.41 | 539 |
Mahindra Manulife Equity Savings Dhan Sanchay Yojana | 4 star | Feb-17 | 5.8 | 13.58 | 9.29 | 0.62 | 439 |
Portfolio Analysis
Number of Stocks | 66 |
Number of Bonds | 4 |
Average Maturity (yrs) | 2.22 |
Top 10 Holdings (%) | 48.36 |
Portfolio P/B Ratio | 2.99 |
Portfolio P/E Ratio | 21.5 |
L&T Equity Savings Fund Guidance by Chanakya :
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