L&T Emerging Businesses Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Small Cap Fund

Fund House : L&T Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 26.79 0.39%
(as on 04th December, 2020)

Crisil Rank

Below average performance among peers

Fund Size

: ₹ 5270.84 Cr

(10.67% of Investment in Category)

Expense Ratio

: 0.83%

(0.89% Category average)

Risk-O-Meter

Moderately High

Small Cap Fund :Small Cap Fund : Fund has 98.95% investment in indian stocks of which , 21.18% is in mid cap stocks, 71.45% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3-4 years and looking for very high returns. At the same time, these investors should also be ready for possibility of higher losses in their investments.

Crisil Rank Change : Fund Crisil rank was updated from 3 to 2 in the previous quarter.

Axis Focused 25 Fund - Direct Plan (G)

3Y Return: 17.79%

5Y Return: 17.04%

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3M
6M
1Y
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This Scheme

VS

Benchmark
S&P BSE SmallCap TRI

16.45%

18.83%

50.49%

30%

10.37%

9.39%

15.4%
NA
14.06%

17.13%

45.41%

20.92%

7.73%

10.27%

10.15%

NA
Gold

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VIP (Value Avg)

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Returns (NAV as on 04th December, 2020)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	27-Nov-20	10189.00	1.89%	-	2.24%	24/38
1 Month	04-Nov-20	11431.60	14.32%	-	14.06%	21/38
3 Month	04-Sep-20	11757.70	17.58%	-	17.13%	17/38
6 Month	04-Jun-20	14525.00	45.25%	-	45.41%	21/38
YTD	01-Jan-20	11138.80	11.39%	-	19.20%	27/36
1 Year	04-Dec-19	11290.90	12.91%	12.87%	20.92%	27/36
2 Year	04-Dec-18	10583.90	5.84%	2.87%	7.73%	27/32
3 Year	04-Dec-17	9677.40	-3.23%	-1.09%	-0.66%	12/23
5 Year	04-Dec-15	17170.90	71.71%	11.41%	10.27%	5/13
Since Inception	12-May-14	26790.00	167.90%	16.18%	10.15%	10/33

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 04th December, 2020)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	04-Dec-19	12000	15302.73	27.52 %	54.47 %
2 Year	04-Dec-18	24000	28541.51	18.92 %	17.59 %
3 Year	04-Dec-17	36000	40242.99	11.79 %	7.36 %
5 Year	04-Dec-15	60000	74737.46	24.56 %	8.71 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st Oct,2020)

Portfolio Turnover Ratio : 34.03% | Category average turnover ratio is 72.96%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 98.95% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.95%

No of Stocks : 93 (Category Avg - 62.51) | Large Cap Investments : 0%| Mid Cap Investments : 21.18% | Small Cap Investments : 71.45% | Other : 6.32%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Persistent Systems Ltd.	Computers - software	2073.9	3.93%	-1.10%	5.03% (Sep 2020)	2.31% (Apr 2020)	17.90 L	-2.43 L
K.P.R. Mill Ltd.	Fabrics and garments	1561.2	2.96%	0.43%	2.96% (Oct 2020)	1.85% (Jul 2020)	21.13 L	0.00
Ipca Laboratories Ltd.	Pharmaceuticals	1423.3	2.70%	0.24%	2.7% (Oct 2020)	0% (Nov 2019)	6.15 L	0.00
Emami Ltd.	Personal care	1362.7	2.59%	0.15%	2.59% (Oct 2020)	0.63% (Mar 2020)	37.65 L	0.00
Vst Industries Ltd.	Cigarettes	1277.2	2.42%	-0.09%	3.78% (Nov 2019)	2.42% (Oct 2020)	3.76 L	-0.41 L
Deepak Nitrite Ltd.	Chemicals - speciality	1261.6	2.39%	-0.19%	2.58% (Sep 2020)	0% (Nov 2019)	17.00 L	0.00
Tube Investments Of India Ltd.	Auto ancillaries	1234.5	2.34%	0.24%	2.34% (Oct 2020)	1.39% (Mar 2020)	18.85 L	0.00
Suven Pharmaceuticals Ltd.	Pharmaceuticals	1191.9	2.26%	-0.40%	2.66% (Sep 2020)	0% (Nov 2019)	37.95 L	0.00
Navin Flourine International Ltd.	Chemicals - inorganic	1165.4	2.21%	-0.01%	2.25% (Aug 2020)	0% (Nov 2019)	5.20 L	-0.26 L
Trent Limited	Retailing	1075.6	2.04%	-0.05%	2.26% (Feb 2020)	1.52% (Nov 2019)	16.31 L	-0.52 L

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	1.08%
Net Receivables	Net Receivables	-0.03%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 27th November, 2020)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

18.35vs14.02

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

0.86vs0.6

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

-0.27vs-0.17

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

-0.06vs-0.04

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Poor risk adjusted returns

-2.45vs-0.38

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Quant Small Cap - Direct Plan - Growth	NA	59.00	11.25	21.21	86.83	68.65	10.35
BOI AXA Small Cap Fund - Direct Plan - Growth	NA	80.62	11.34	15.99	50.86	51.41	0.00
Canara Robeco Small Cap Fund - Direct Plan - Growth	NA	507.88	12.97	15.91	47.29	39.31	0.00
Principal Small Cap Fund - Direct Plan - Growth	NA	211.14	13.47	16.91	47.72	35.10	0.00
DSP Small Cap Fund - Direct Plan - Growth	3	5322.77	13.35	18.27	52.30	34.96	2.33
Kotak Small Cap Fund - Direct Plan - Growth	4	1855.03	16.03	24.36	58.86	34.02	7.73
Edelweiss Small Cap Fund - Direct Plan - Growth	NA	528.76	13.99	18.62	47.18	33.92	0.00
Union Small Cap Fund - Direct Plan - Growth	4	371.52	10.11	12.68	44.44	27.00	3.55
Nippon India Small Cap Fund - Direct Plan - Growth	3	9391.87	15.96	16.60	48.63	26.80	3.44
HSBC Small Cap Equity Fund - Direct Plan - Growth	3	302.49	12.79	19.53	44.70	25.48	-3.21

Detailed Comparison

More Funds from L&T Mutual Fund

Out of 36 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 7 is/are ranked 4 * , 12 is/are ranked 3 * , 2 is/are ranked 2 * , and 14 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
L&T Liquid Fund - Direct Plan - Growth	4	7413.92	0.25	0.79	1.68	4.41	6.18
L&T India Value Fund - Direct Plan - Growth	3	6196.62	10.88	15.93	36.22	12.51	3.60
L&T Midcap Fund - Direct Plan - Growth	3	5776.45	9.98	14.44	35.09	17.25	2.94
L&T Triple Ace Bond Fund - Direct Plan - Growth	3	5623.81	0.63	1.84	4.97	12.21	10.32
L&T Hybrid Equity Fund - Direct Plan - Growth	3	5597.55	7.24	12.63	24.98	11.54	6.18
L&T Emerging Businesses Fund - Direct Plan - Growth	2	5270.84	14.32	17.58	45.25	12.87	-1.09
L&T Banking and PSU Debt Fund - Direct Plan - Growth	4	4472.35	1.03	2.19	5.05	10.44	9.05
L&T Short Term Bond Fund - Direct Plan - Growth	4	4208.45	0.84	2.03	4.32	9.97	8.93
L&T Tax Advantage Fund - Direct Plan - Growth	3	3109.30	9.78	15.41	31.51	9.74	4.09
L&T Ultra Short Term Fund - Direct Plan - Growth	4	3055.40	0.28	0.95	2.16	5.89	7.17