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L&T Tax Advantage Fund - Direct Plan - Growth

  • Regular
  • Direct
Category : ELSS
Fund House : L&T Mutual Fund
  • NAV
    : ₹ 56.813 0.8%
    (as on 26th June, 2019)
Crisil Rank
Below average performance among peers
Risk-O-Meter
Moderately High

Fund has 96.93% investment in indian stocks of which 57.28% is in large cap stocks, 25.67% is in mid cap stocks, 13.96% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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

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Returns (NAV as on 26th June, 2019)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 19-Jun-19 10208.80 2.09% - 0.75% 17/64
1 Month 24-May-19 10039.80 0.40% - -1.07% 25/64
3 Month 26-Mar-19 10313.50 3.14% - 2.60% 25/64
6 Month 26-Dec-18 10460.10 4.60% - 6.08% 48/63
YTD 01-Jan-19 10309.00 3.09% - -0.26% 26/64
1 Year 26-Jun-18 10027.50 0.27% 0.28% 2.18% 46/60
2 Year 23-Jun-17 11065.00 10.65% 5.17% 5.79% 34/51
3 Year 24-Jun-16 14526.80 45.27% 13.23% 12.93% 20/45
5 Year 26-Jun-14 18134.30 81.34% 12.63% 12.27% 15/33
Since Inception 01-Jan-13 24018.30 140.18% 14.47% 10.52% 20/56

SIP Returns (NAV as on 26th June, 2019)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 26-Jun-18 12000 12338.26 2.82 % 5.26 %
2 Year 23-Jun-17 24000 24439.71 1.83 % 1.76 %
3 Year 24-Jun-16 36000 39962.25 11.01 % 6.9 %
5 Year 26-Jun-14 60000 77655.3 29.43 % 10.26 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st May,2019)

Portfolio Turnover Ratio : 38.97%  |   Category average turnover ratio is 103.93%  
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 : 96.93% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.93%
No of Stocks : 60 (Category Avg - 44.48) | Large Cap Investments : 57.28%| Mid Cap Investments : 25.67% | Small Cap Investments : 13.96% | Other : 0.02%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Cr) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
ICICI Bank Ltd. Banks 2196.7 6.42% 0.06% 1.54% (Jun 2018) 1.54% (Jun 2018) 51.85 L 0.00
HDFC Bank Ltd. Banks 2176.3 6.36% 0.10% 4.1% (Jul 2018) 4.1% (Jul 2018) 8.97 L 0.00
Tata Consultancy Services Ltd. Computers - software 1514.1 4.43% 0.05% 3.31% (Oct 2018) 3.31% (Nov 2018) 6.89 L 44.80 k
Reliance Industries Ltd. Refineries/marketing 1335.6 3.90% -0.31% 1.95% (Aug 2018) 0% (Jun 2018) 10.04 L 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 1172.8 3.43% 0.37% 2.94% (Jul 2018) 2.94% (Jul 2018) 7.53 L 0.00
Housing Development Finance Corporation Ltd. Housing finance 1074.7 3.14% -0.16% 3.14% (May 2019) 3.14% (May 2019) 4.92 L -0.57 L
Future Retail Ltd. Retailing 1072.9 3.14% 0.12% 1.85% (Jul 2018) 1.85% (Jul 2018) 23.86 L 0.00
RBL Bank Ltd. Banks 1059 3.10% 0.05% 2.62% (Mar 2019) 0% (Jun 2018) 15.41 L 50.00 k
Axis Bank Ltd. Banks 1045.1 3.06% 0.08% 2.03% (Jul 2018) 2.03% (Jul 2018) 12.93 L 0.00
State Bank Of India Banks 1039.4 3.04% 0.29% 1.98% (Jan 2019) 0% (Jun 2018) 29.49 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
CBLO CBLO 3.20%
Net Receivables Net Receivables -0.13%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 2019)

  • Standard Deviation

    High volatility
    12.84vs9.47
    Category Avg
  • Beta

    High volatility
    0.94vs0.67
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.56vs0.34
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.08vs0.05
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    0.37vs-0.27
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Kotak Tax Saver Scheme - Direct Plan - Growth 4 934.61 1.23 6.07 12.46 13.46 16.03
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 2111.58 1.30 4.43 10.73 13.38 21.43
Canara Robeco Equity Tax Saver - Direct Plan - Growth 5 982.77 -0.04 3.99 10.82 12.71 15.60
Tata India Tax Savings Fund - Direct Plan - Growth NA 1873.40 1.32 5.20 13.31 12.28 15.84
DSP Tax Saver Fund - Direct Plan - Growth 3 5642.77 -0.20 3.09 10.90 10.45 14.82
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth 4 6424.90 0.44 3.66 9.06 9.56 13.34
LIC MF Tax Plan 1997 - Direct Plan - Growth 4 227.18 1.44 4.27 6.02 8.21 14.35
JM Tax Gain Fund - (Direct) - Growth 3 32.67 1.27 4.77 10.89 7.93 17.05
BNP Paribas Long Term Equity Fund - Direct Plan - Growth 2 476.90 1.46 5.79 10.41 7.88 11.39
HDFC Tax Saver Fund - Direct Plan - Growth 3 7544.77 0.61 2.14 8.78 7.85 13.46

More Funds from L&T Mutual Fund

Out of 36 mutual fund schemes offered by this AMC, 3 is/are ranked 5 * , 3 is/are ranked 4 * , 10 is/are ranked 3 * , 6 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 3 15516.24 0.57 1.82 3.62 7.50 7.16
L&T Hybrid Equity Fund - Direct Plan - Growth 2 9381.57 0.81 3.73 5.83 3.58 11.41
L&T India Value Fund - Direct Plan - Growth 3 8404.03 -0.70 2.84 6.94 3.91 14.11
L&T Emerging Businesses Fund - Direct Plan - Growth 4 6177.32 -1.81 -3.05 -3.00 -7.93 16.30
L&T Midcap Fund - Direct Plan - Growth 3 4879.90 -0.32 -0.54 0.54 -3.16 14.78
L&T Short Term Bond Fund - Direct Plan - Growth 5 4002.40 0.69 2.19 4.72 9.19 7.80
L&T Tax Advantage Fund - Direct Plan - Growth 2 3420.69 0.40 3.14 4.60 0.28 13.23
L&T Credit Risk Fund - Direct Plan - Growth 3 3038.05 -1.39 -0.82 1.25 4.83 7.07
L&T Ultra Short Term Fund - Direct Plan - Growth 5 3022.86 0.64 1.98 4.11 8.25 7.78
L&T Equity Fund - Direct Plan - Growth 2 2764.63 0.12 2.92 5.93 2.14 12.04

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