L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl

L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl

Equity
Direct
Elss (Tax Savings)

NAV: ₹ 32.6 as on 30-09-2022

Fund Performance

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
-1.4%
13.5%
-1.2%
-0.9%
14.6%
8.4%
Benchmark
-2.5%
10.7%
-1.7%
-1.2%
17.1%
11.5%
Category
-2.3%
11.1%
0.4%
-0.8%
16.6%
11.2%
About the Fund

L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl is an equity fund. This fund was started on  1 January, 2013. The fund is managed by Vihang Naik, Cheenu Gupta. The fund could potentially beat inflation in the long-run.

Key parameters

1) L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl has a NAV of 32.645 as on 30-09-2022.

2) L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl has 3254 Cr worth of assets under management (AUM) as on 31-08-2022 and is more than category average.

3) The fund has an expense ratio 1.19 %.

Fund Overview

Expense ratio
Expense ratio
1.19%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹3254 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹0/₹0
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
133.3%

Fund Distribution

  • Equity 99%
  • Debt & Cash 1%
Size breakup
Large cap
66.6%
Mid cap
27.3%
Small cap
5.2%

Sector Allocation

Aug'22

Jul'22

Jun'22

Financial Services

30.4%

Consumer Cyclical

22.8%

Tech

12.1%

Industrial

10.4%

Basic Materials

7.4%

Consumer Defensive

6.8%

Energy

3.9%

Health

2.9%

Utilities

1.7%

Real Estate

1.6%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings63
Equity Holdings61
Debt Holdings2

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 104.5 Cr in last 1M
Aug'22 return outperformed benchmark

Change in AUM

Aug'22
₹ 3.3K Cr
Jul'22
₹ 3.1K Cr
Jun'22
₹ 2.9K Cr

Fund Returns vs Benchmark

Aug'22
10.21%
9.49%
Jul'22
10.21%
9.49%
Jun'22
-6.23%
-4.94%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Aug'22
Jul'22
Jun'22
No of Holdings
63
66
63
Top 5 Company Concentration
30.2%
30.8%
38%
Company having highest exposure
ICICI Bank Ltd (9.7%)
ICICI Bank Ltd (9.3%)
Reliance Industries Ltd (10.1%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
82.3%
80.4%
83.4%
Sector having highest exposure
Financial Services (30.1%)
Financial Services (29%)
Financial Services (26.7%)

Fund Manager

Vihang Naik

Vihang Naik

Managing this fund since 17 December 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
L&T Midcap Fund Direct Plan Growth
18.9%
22.92%
L&T Emerging Businesses Fund Direct Growth
28.97%
30.04%
L&T India Value Fund Direct Plan Growth Option
19.46%
17.43%
Cheenu Gupta

Cheenu Gupta

Managing this fund since 2 July 2021

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
L&T Balanced Advantage Fund Direct Plan Growth Option
9.3%
10.64%
L&T Tax Advantage Fund Direct Plan Growth Option
14.93%
15.81%
L&T Hybrid Equity Fund Direct Plan Growth Option
12.76%
13.67%

AMC details

Address
L&T Investment Management Limited,6th Floor, Mafatlal Centre,,Nariman Point
Email
Phone
91-22-66554000
Fund House
L&T Investment Management Ltd

Fund Highlights

meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 13.42% since inception which is less than its category average return of 13.66%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.01% in Equity, 0% in Debt and 0.99% in Cash related instruments
AUM size ₹3254 Cr

AUM size ₹3254 Cr

This fund has AUM of ₹3254 Cr which is more than its category average of ₹ 2720 Cr
Expense Ratio 1.19%

Expense Ratio 1.19%

This fund has an expense ratio of 1.19% which is less than its category average expense ratio of 1.58%

Frequently Asked Questions

The current NAV of L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl is 32.14.
Existing (Absolute + CAGR)
L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
Absolute Returns
CAGR Returns
1 Month Returns
-1.68%
-1.68%
6 Month Returns
-1.65%
-1.65%
1 Year Returns
-2.68%
-2.68%
3 Years Returns
47.46%
13.82%
5 Years Returns
49%
8.3%
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1.19 as on September 2022
3254 Cr as on September 2022
ICICI Bank Ltd(9.74%),Infosys Ltd(5.95%),HDFC Bank Ltd(5.71%),State Bank of India(4.91%),Reliance Industries Ltd(3.85%) as on September 2022
Financial Services(30.06%),Consumer Cyclical(22.62%),Tech(11.98%) as on September 2022
The alpha ratio for the L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
-5.49
-3.66
-4.13
As on month end.
The alpha for L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
1.04
0.99
0.98
As on month end.
The Beta for L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
-0.09
0.62
0.28
As on month end.
The sharpe ratio for L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
16.87
22.81
19.68
As on month end.
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
0.84
Vihang Naik,Cheenu Gupta are the fund managers of L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl
The Exit load of L&T Tax Advantage Fund Direct Plan Reinvestment of Income Distribution cum Cap Wrdl is 0%