Fund Details
L&T Equity Savings Fund Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.62% |
| NAV | ₹19.97 (25 Jan 2021) |
|---|---|
| Fund Started | 18 Oct 2011 |
| Fund Size | ₹73 Cr |
Returns
Comparison
1. 1Y 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
2. Risk-adjusted returns are lower compared to the category
3. Risk is higher compared to the benchmark
4. Higher expense ratio
5. 1Y Returns are lower than the benchmark
6. 3Y Returns are lower than the benchmark
7. 5Y Returns are lower than the benchmark
8. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
9. Risk-adjusted returns are lower compared to the category
10. Higher expense ratio - 1.6%
11. 3Y Returns are lower than the category average returns
12. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Fixed Deposits | 14.4% |
| ICICI Bank Ltd. | Financial | Equity | 8.9% |
| GOI | Sovereign | GOI Sec | 7.7% |
| Reliance Industries Ltd. | Energy | Equity | 4.5% |
| HDFC Bank Ltd. | Financial | Equity | 4.1% |
| Infosys Ltd. | Technology | Equity | 2.9% |
| Amba River Coke Ltd. | Others | NCD | 2.8% |
| Steel Authority Of India Ltd. | Metals | Equity | 2.5% |
| SRF Ltd. | Diversified | Equity | 2.3% |
| Indiabulls Housing Finance Ltd. | Financial | Equity | 2.1% |
Fund Managers
L&T Equity Savings Fund Growth Details
L&T Equity Savings Fund Growth is a Hybrid Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 18 Oct 2011. Venugopal Manghat, Jalpan Shah, Praveen Ayathan is the Current Fund Manager of L&T Equity Savings Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹73 Cr and the Latest NAV as of 25 Jan 2021 is ₹19.97.
The L&T Equity Savings Fund Growth is rated Moderately 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.
