L&T Equity Savings Fund
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Min amount: 1000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||1% for 365 Days|
More about this fund
|Reliance Industries Ltd||6.81%|
|Axis Bank Ltd||5.06%|
|HDFC Bank Ltd||4.88%|
|ICICI Bank Ltd||4.07%|
|Shriram Transport Finance Company Limited||3.46%|
|Sun Pharmaceuticals Industries Ltd||3.37%|
|Housing Development Finance Corp Ltd||3.26%|
|Tata Steel Limited||3.09%|
|State Bank of India||2.62%|
About L&T Equity Savings Fund
L&T Equity Savings Fund is an open ended equity fund aimed at investing instruments related to equity, equity arbitrage strategies, and debt and money market instruments. These are very much suitable for investors who are looking for superior risk adjusted returns and an added advantage of tax efficiency.
Pros & Cons of L&T Equity Savings Fund.
L&T Equity Savings Fund offers the following benefits:
- Superior risk adjusted returns: The portfolio allocation of the fund is such that it delivers better risk adjusted returns over medium to long term.
- It is poised for better post-tax returns and regular profit booking with great upside potential provided by equities.
Certain drawbacks of L&T Equity Savings Fund 1. The fund has not been performing as well as it should in the last 2 quarters.
Fund Information and Statistics of L&T Equity Savings Fund
i) Inception / Launch date
L&T Equity Savings Fund was launched on October 18, 2011 L&T Finance Services Mutual Fund AMC.
ii) Risk level
Being an equity oriented fund, this fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Venugopal Manghat and Mr. Praveen Ayathan are are the fund managers of the scheme.
v) Entry / Exit load
The fund house does not levy entry load. The exit load is 1% if the units are redeemed over and above 10% within 12 months from the date of allotment in respect of purchase made other than through SIP. Also if redeemed within 12 months from the date of allotment of units of each instalment of SIP purchase, the same applies.
Tax benefits of investing in the fund
The short-term capital gains made on sale of units within 1 year from the date of allotment will be taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About L&T Mutual Fund
L&T Mutual Fund was launched in 1997 and is one of the biggest mutual fund house in country providing a variety of schemes such as sector specific equity schemes, fund of funds, hybrid, debt and treasury products. Mr. Kailash Kulkarni is the CEO and MD of the fund house currently.
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Min amount: 1000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns