Fund Details
L&T Equity Savings Fund Direct IDCW Monthly
| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.85% |
| NAV | ₹13.61 (13 Apr 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹67 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 8.0% |
| ICICI Bank Ltd. | Financial | Equity | 7.1% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 6.0% |
| HDFC Bank Ltd. | Financial | Equity | 4.0% |
| State Bank of India | Financial | Equity | 3.5% |
| Infosys Ltd. | Technology | Equity | 3.2% |
| L&T Liquid Plan Direct-Growth | Financial | Mutual Fund | 3.0% |
| Amba River Coke Ltd. | Others | NCD | 2.9% |
| Bajaj Auto Ltd | Automobile | Equity | 2.2% |
| Reliance Industries Ltd. | Energy | Equity | 2.1% |
Fund Managers
L&T Equity Savings Fund Direct IDCW Monthly Details
L&T Equity Savings Fund Direct IDCW Monthly is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Venugopal Manghat, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Equity Savings Fund Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹67 Cr and the Latest NAV as of 13 Apr 2021 is ₹13.61.
The L&T Equity Savings Fund Direct IDCW Monthly is rated High risk. Minimum SIP Investment is set to 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
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.
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.
