L&T Tax Advantage Fund is an Open-ended, ELSS category fund launched in 2006 by L&T Mutual Fund. The fund manager name is Soumendra Nath Lahiri. The risk in this fund is below average but the returns are above average. In this article, we will do a detailed analysis of the L&T Tax Advantage Fund, we will dig deep into its AUM, NAV Returns & more.
L&T Tax Advantage Fund Ranking
Background of L&T Tax Advantage Fund
| Name of Fund |
L&T Tax Advantage Fund |
| Type of Fund ( Open / Close) |
Open-ended |
| Category of Fund |
Equity: ELSS |
| Fund Manager |
Soumendra Nath Lahiri |
| Launch Date |
1-Feb-2006 |
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L&T Tax Advantage Fund Performance
| Risk Grade |
Below Average |
| Return Grade |
Above Average |
| NAV (as on current Date) |
Rs. 52.69 as on Dec 14, 2018 |
| Net Asset (as on current date) |
Rs. 3220.9 crore as on Nov 30, 2018 |
L&T Tax Advantage Fund Portfolio Characteristics
| Total Stock/Securities |
22.21 |
| Total Bonds |
|
| Avg Market Cap (in cr) |
48604 |
| Portfolio P/B Ratio |
65 |
| Portfolio P/E Ratio |
3.25 |
| 3Y Earning Growth (%) |
28.57 |
| Average Matuarity |
|
| Avg 52 Week High |
|
| Avg 52 Week Low |
|
| Average Credit Rating |
|
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L&T Tax Advantage Fund Composition
| Equity |
98.50% |
| Debt |
0.00% |
| Cash |
1.50% |
| Debentures |
|
| Bonds |
|
| NON Converitbles |
|
| Zero Coupons |
|
| Bonds (short term) |
|
| Repo |
|
L&T Tax Advantage Fund Risk Analysis
| Standard Deviation |
14.74 |
| Sharpe Ratio |
0.44 |
| Beta |
0.94 |
| R Square |
0.94 |
| Alpha |
0.5 |
L&T Tax Advantage Fund NAV – Yearly
| 2018 |
52.69 |
| 2017 |
57.53 |
| 2016 |
40.44 |
| 2015 |
37.4 |
| 2014 |
36.35 |
| 52 Week High (NAV) |
59.83 |
| 52 Week Low (NAV) |
50.29 |
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L&T Tax Advantage Fund Returns – Yearly
| 2018 |
-8.420% |
| 2017 |
42.270% |
| 2016 |
8.130% |
| 2015 |
2.900% |
| 2014 |
44.750% |
L&T Tax Advantage Fund AUM
| 2018 |
3313 |
| 2017 |
2740 |
| 2016 |
1778 |
| 2015 |
1540 |
| 2014 |
1531 |
L&T Tax Advantage Fund Expense Ratio
| 2018 |
– |
| 2017 |
2.600% |
| 2016 |
2.530% |
| 2015 |
2.380% |
| 2014 |
2.450% |
L&T Tax Advantage Fund Quarterly Returns
| 2018 Q1 |
-6.050% |
| 2018 Q2 |
0.760% |
| 2018 Q3 |
-2.730% |
| 2018 Q4 |
– |
|
|
| 2017 Q1 |
15.320% |
| 2017 Q2 |
7.260% |
| 2017 Q3 |
4.840% |
| 2017 Q4 |
9.710% |
|
|
| 2016 Q1 |
-4.400% |
| 2016 Q2 |
10.510% |
| 2016 Q3 |
7.500% |
| 2016 Q4 |
-4.800% |
|
|
| 2015 Q1 |
2.790% |
| 2015 Q2 |
0.832% |
| 2015 Q3 |
-0.330% |
| 2015 Q4 |
-0.390% |
|
|
| 2014 Q1 |
6.630% |
| 2014 Q2 |
18.080% |
| 2014 Q3 |
6.090% |
| 2014 Q4 |
8.370% |
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Fund Weightage by Sector
| 1 |
Financial (26.46%) |
| 2 |
Energy (3.78%) |
| 3 |
Construction (11.40%) |
| 4 |
Services (10.25%) |
| 5 |
Technology (8.84%) |
| 6 |
Engineering (8.39%) |
| 7 |
Healthcare (6.08%) |
| 8 |
Automobile (5.27%) |
| 9 |
Chemicals (4.38%) |
| 10 |
Communication (4.37%) |
Fund Weightage by Securities Holding
| 1 |
HDFC Bank (5.14%) |
| 2 |
Graphite India (4.86%) |
| 3 |
ICICI Bank (4.61%) |
| 4 |
HDFC (4.01%) |
| 5 |
Larsen & Toubro (3.35%) |
| 6 |
Tata Consultancy Services (3.31%) |
| 7 |
Future Retail (3%) |
| 8 |
Infosys (2.81%) |
| 9 |
Reliance Industries (2.68%) |
| 10 |
ITC (2.63%) |
Fund Investment Information
| AMC |
L&T Investment Management Ltd |
| Registrar |
Computer Age Management Services Ltd. |
| Minimum Investment |
500 |
| Minimum SIP Investment |
500 |
| Exit Load |
Nil |
Conclusion
“The scheme aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.”
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