Compare L&T Tax Advantage Fund Direct Growth vs SBI Long Term Equity Fund Direct Plan Growth

Compare FundsDetailed comparison on parameters like NAV | Returns | Risk | Rating | Analysis
L&T Tax Advantage Fund Direct GrowthEquity
ELSS
2.0
INVEST NOW
SBI Long Term Equity Fund Direct Plan GrowthEquity
ELSS
3.0
INVEST NOW
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L&T Tax Advantage Fund Direct Growth

(-1.8%)

SBI Long Term Equity Fund Direct Plan Growth

(2.9%)

Fund Details

Risk	Very High	Very High	-
Min SIP Amount	₹500	₹500	-
Expense Ratio	1.19%	1.21%	-
NAV	₹84.1 (23-Sep-2022)	₹240.8 (23-Sep-2022)	-
Fund Started	01-Jan-2013	01-Jan-2013	-
Fund Size	₹3,150Cr	₹10,746Cr	-
Exit Load	Nil	Nil	-

Returns

1Y
-1.8%
2.9%
-
3Y
14.8%
18.3%
-
5Y
9.1%
11.4%
-

Pros & Cons

Pros
1. Exit load is zero2. Lower expense ratio: 1.19%
1. Exit load is zero2. Lower expense ratio: 1.21%3. 5Y annualised returns higher than category average by 0.14%
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Cons
1. Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y2. Lock-in period: 3Y3. Low rating: 2
1. Consistently lower annualised returns than category average for the past 1Y and 3Y2. Lock-in period: 3Y
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Holding Analysis

Top 5
-
-
-
Top 20
-
-
-
P/E
-
-
-
P/B
-
-
-
Turnover
-
-
-
Equity
-
-
-
Cash
-
-
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Top Holdings

Top 10 Holdings
Name
Assets
ICICI Bank Ltd.
9.7%
Infosys Ltd.
6.0%
HDFC Bank Ltd.
5.7%
State Bank of India
4.9%
Reliance Industries Ltd.
3.9%
The Indian Hotels Company Ltd.
3.7%
Hindustan Unilever Ltd.
3.4%
Maruti Suzuki India Ltd.
3.3%
Persistent Systems Ltd.
3.0%
Bajaj Finance Ltd.
3.0%
Name
Assets
ICICI Bank Ltd.
5.9%
Reliance Industries Ltd.
4.3%
Larsen & Toubro Ltd.
4.2%
Mahindra & Mahindra Ltd.
4.0%
ICICI Prudential Life Insurance Company Ltd.
3.7%
State Bank of India
3.6%
Infosys Ltd.
3.4%
Cummins India Ltd.
3.3%
Cipla Ltd.
3.1%
HDFC Bank Ltd.
2.9%
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Fund Manager

Name
Vihang Naik
Dinesh Balachandran
-
Education
Mr. Naik is a CFA & BMS.
Mr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA.
-
Experience
Prior to joining L&T Mutual Fund, he was associated with MF Global, Motilal Oswal Securities and SBICAP Securities.
Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.
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About Fund

Description
L&T Mutual Fund started their mutual fund on 03/01/1997 and its managing total assets of ₹52,749 Cr. Its ranked at 12 as per total assets at end of 30th Sep 2017.
SBI Mutual Fund started their mutual fund on 29/06/1987 and its managing total assets of ₹1,88,455 Cr. Its ranked at 5 as per total assets at end of 30th Sep 2017.
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Launch Date
25 Apr 1996
29 Jun 1987
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Custodian
Citibank NA
Stock Holding Corp. of India Ltd.
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Registrar & Transfer Agent
Cams
Cams
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Bengaluru – 560034
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