Fund Details
L&T Equity Savings Fund Direct IDCW Quarterly
| Risk | Moderately High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.66% |
| NAV | ₹14.76 (23 Jul 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹70 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y 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 | 7.7% |
| ICICI Bank Ltd. | Financial | Equity | 7.3% |
| GOI | Sovereign | GOI Sec | 7.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.4% |
| State Bank of India | Financial | Equity | 3.9% |
| Infosys Ltd. | Technology | Equity | 3.5% |
| L&T Liquid Plan Direct-Growth | Financial | Mutual Fund | 2.9% |
| Amba River Coke Ltd. | Others | NCD | 2.8% |
| Escorts Ltd. | Automobile | Equity | 2.6% |
| HDFC Bank Ltd. | Financial | Equity | 2.5% |
Fund Managers
L&T Equity Savings Fund Direct IDCW Quarterly Details
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 01 Jan 2013. 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 ₹70 Cr and the Latest NAV as of 23 Jul 2021 is ₹14.76.
The L&T Equity Savings Fund Direct IDCW Quarterly is rated Moderately High risk. Minimum SIP Investment is set to 500. 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.
