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| NAV: 26 Oct 2021 | ₹15.15 |
| Min. SIP amount | NA |
| Rating | 2star |
| Fund size | ₹73.38 Cr |
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Hybrid Equity Savings
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 26.5% | 12.0% | 9.0% | 9.4% |
| Category average | 20.4% | 8.3% | 8.2% | NA |
| Rank with in category | 5 | 11 | 10 | NA |
Understand termsinfo
Holdings (47)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 7.3% |
GOI | Sovereign | GOI Sec | 7.2% |
GOI | Sovereign | GOI Sec | 6.9% |
Tata Consultancy Services Ltd. | Technology | Equity | 6.1% |
ICICI Bank Ltd. | Financial | Equity | 5.9% |
Indusind Bank Ltd. | Financial | Equity | 5.5% |
Canara Bank | Financial | Equity | 4.6% |
Escorts Ltd. | Automobile | Equity | 4.1% |
Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.9% |
The Indian Hotels Company Ltd. | Services | Equity | 3.5% |
See All
Disclaimer
This content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
infoCategory: Hybrid Equity Savings
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Pros
Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 0.69%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
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Cons
Lower AUM: 73Cr.
Funds with lower AUM tend to have higher expense ratio
Lower alpha: -2.61
The fund has generated returns lower than benchmark - NIFTY Equity Savings TRI - in the last 3Y
Low rating: 2
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.69%
31 Aug 2021 - 30 Sep 2021
0.69%
31 Jul 2021 - 31 Aug 2021
0.66%
30 Jun 2021 - 31 Jul 2021
0.66%
31 May 2021 - 30 Jun 2021
0.66%
30 Apr 2021 - 31 May 2021
0.63%
31 Mar 2021 - 30 Apr 2021
0.80%
28 Feb 2021 - 31 Mar 2021
0.85%
31 Jan 2021 - 28 Feb 2021
0.85%
31 Dec 2020 - 31 Jan 2021
0.85%
30 Nov 2020 - 31 Dec 2020
0.79%
31 Oct 2020 - 30 Nov 2020
0.76%
30 Sep 2020 - 31 Oct 2020
0.65%
31 Aug 2020 - 30 Sep 2020
0.70%
31 Jul 2020 - 31 Aug 2020
0.66%
30 Jun 2020 - 31 Jul 2020
0.64%
31 May 2020 - 30 Jun 2020
0.64%
30 Apr 2020 - 31 May 2020
0.64%
31 Mar 2020 - 30 Apr 2020
0.65%
29 Feb 2020 - 31 Mar 2020
0.64%
31 Jan 2020 - 29 Feb 2020
0.64%
31 Dec 2019 - 31 Jan 2020
0.64%
30 Nov 2019 - 31 Dec 2019
0.68%
31 Oct 2019 - 30 Nov 2019
0.68%
30 Sep 2019 - 31 Oct 2019
0.65%
31 Aug 2019 - 30 Sep 2019
0.65%
31 Jul 2019 - 31 Aug 2019
0.64%
30 Jun 2019 - 31 Jul 2019
0.63%
31 May 2019 - 30 Jun 2019
0.63%
30 Apr 2019 - 31 May 2019
0.63%
31 Mar 2019 - 30 Apr 2019
0.56%
28 Feb 2019 - 31 Mar 2019
0.49%
31 Jan 2019 - 28 Feb 2019
0.49%
31 Dec 2018 - 31 Jan 2019
0.61%
30 Nov 2018 - 31 Dec 2018
0.61%
31 Oct 2018 - 30 Nov 2018
1.10%
30 Sep 2018 - 31 Oct 2018
1.10%
31 Aug 2018 - 30 Sep 2018
1.13%
31 Jul 2018 - 31 Aug 2018
1.15%
30 Jun 2018 - 31 Jul 2018
1.00%
31 May 2018 - 30 Jun 2018
1.00%
30 Apr 2018 - 31 May 2018
1.00%
31 Mar 2018 - 30 Apr 2018
1.18%
28 Feb 2018 - 31 Mar 2018
1.21%
31 Jan 2018 - 28 Feb 2018
1.26%
31 Dec 2017 - 31 Jan 2018
1.33%
30 Nov 2017 - 31 Dec 2017
2.08%
31 Oct 2017 - 30 Nov 2017
1.49%
Expense ratio, exit load and tax
Expense ratio: 0.69%
Inclusive of GST
Exit load
For units in excess of 0.50% of the investment,1% will be charged for redemption within 1 month.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
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.
Understand termsinfo
Check past data
Minimum investment amounts
| Min. for 1st investment | NA |
| Min. for 2nd investment onwards | NA |
| Min. for SIP | NA |
Fund management
Venugopal Manghat
Jan 2013 - Present
View details
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.
Also manages these schemes
Praveen Ayathan
Jan 2015 - Present
View details
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.
Also manages these schemes
Jalpan Shah
May 2016 - Present
View details
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.
Also manages these schemes
Vihang Naik
Dec 2019 - Present
View details
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.
Also manages these schemes
Cheenu Gupta
Jul 2021 - Present
View details
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.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | #12 in India |
|---|---|
| Total AUM | 71,233.36 Cr |
| Date of Incorporation | 03 Jan 1997 |
|---|
L&T Equity Savings Fund Direct IDCW Quarterly is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors
L&T Equity Savings Fund Direct IDCW Quarterly is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 03 Jan 1997. Venugopal Manghat, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Equity Savings Fund Direct IDCW Quarterly fund. The fund currently has an Asset Under Management(AUM) of ₹71,233 Cr and the Latest NAV as of 26 Oct 2021 is ₹15.15.
The L&T Equity Savings Fund Direct IDCW Quarterly is rated Moderate risk. Minimum SIP Investment is set to 500. For units in excess of 0.50% of the investment,1% will be charged for redemption within 1 month.
...Read more
Investment Objective
The scheme seeks to generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity m
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.
...Read more
| Fund benchmark | NIFTY Equity Savings TRI |
|---|
Fund house contact details
Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
E-mail
[email protected]Website
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
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L&T Equity Savings Fund Direct IDCW Quarterly
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