L&T Equity Savings Fund Direct Growth+0.05%

2Groww
4.63%
1 Year Return
Hybrid
Equity Savings
2.0 star
6M
1Y
3Y
5Y
All

Fund Details

L&T Equity Savings Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.68%
NAV18.65 (09 Dec 2019)
Fund Started01 Jan 2013
Fund Size123 Cr

Returns

1Y
3Y*
5Y*
Since inception*
L&T Equity Savings Fund Direct Growth
4.6%
5.8%
6.1%
7.8%
Category Average
3.0%
5.6%
NA
-
Rank within category
17
13
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 4.6% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. 1Y Returns are lower than the benchmark
    5. 3Y Returns are lower than the benchmark
    6. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity7.4%
    Reliance Industries Ltd.EnergyEquity6.6%
    HDFC Bank Ltd.FinancialFixed Deposits6.2%
    Adani Enterprises Ltd.ServicesEquity5.3%
    Shriram Transport Finance Co. Ltd.FinancialNCD3.9%
    ICICI Bank Ltd.FinancialEquity3.7%
    Tata Steel Ltd.MetalsDebenture3.4%
    Housing Development Finance Corpn. Ltd.FinancialEquity2.9%
    Infosys Ltd.TechnologyEquity2.0%
    State Bank of IndiaFinancialEquity2.0%
    See All

    Fund Managers

    addVenugopal 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.
    Funds Managed
    addJalpan Shah
    Education
    Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
    Experience
    Prior to joining L&T, 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.
    Funds Managed

    Other Details

    L&T Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Venugopal Manghat, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹123 Cr and the Latest NAV as of 09 Dec 2019 is ₹18.65.

    The L&T Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year.

    Investment Objective

    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.

    Tax Implications

    Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Exit load of 1% if units in excess of 10% are redeemed or switched-out within 1 year
    Exit Load

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    About L&T Mutual Fund

    Address
    6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
    Phone
    022-66554000
    Launch Date
    02 Jan 1997
    L&T Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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