Want To Invest In EV Stocks? This Mutual Fund Invests In EV Stocks, Given 10.34% Annualised Returns

L&T Large and Midcap Fund

The L&T India Special Situations Fund, which was introduced on May 22, 2006, was renamed and reclassified as a Large & Midcap Fund in accordance with SEBI's mutual fund categorization and rationalisation guidelines. It is an open-ended mutual fund. Given that it is an equity fund, it's rated highly risky for investments.

Fund Details

As of May 31, 2022, the fund's Asset Under Management (AUM) size is Rs 1,434 crore, while the expense ratio is 1.30 per cent, which is higher than the 0.95 per cent category average. As on 27th June 2022, the Net Asset Value (NAV) of the fund is Rs 61.3940, according to the fund. 

One can start investment in this view with a minimum required amount of Rs 5,000 for lump-sum payments and Rs 500 for SIP. A minimum of Rs 1000 is needed to make additional investments in this fund. There is no applicable lock-in period here. Within 365 days of the investment, the fund charges 1 per cent on redemption for units in excess of 10% of the investment. NIFTY Large Midcap 250 is the fund's benchmark. 

Annualised Returns

It has given negative returns in 1 year.

 

Investment Strategy

The fund aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities with a minimum allocation of at least 35% each in large-cap and mid-cap companies. 

Portfolio

As this is an equity fund 90,02% of the investments are in equities (Domestic). Approximately 39.34% of the L&T Large & Midcap Fund's holdings were large-cap stocks, 22.84% were mid-caps, 17.01% were small-caps, and the remaining percentage was made up of cash and other investments.

The fund has a majority of investments in financial, technology, automobile, energy, services, and capital goods sectors. The fund has taken less exposure to financial, healthcare, Construction, Material, and Consumer Staples sectors compared to other funds in the category. Major holdings of the fund are in ICICI Bank, Reliance Energy, Infosys, SBI, The Indian Hotels Company, Persistent Systems, and SRF. 

EV Sector Investments

Automobile OEM and support companies like Tata Motors, Sona BLW Precision Forgings, and Minda Industries are included in the fund's EV portfolio. It has exposure to the charging infrastructure market via its investments in Tata Power and Reliance Industries.
 
It has invested in businesses that create software and other comparable solutions for EVs, like Tata Elxsi. Additionally, it holds Tata Chemicals suppliers of chemicals for lithium-ion cell manufacturing, recycling, and manufacture.

Top EV Stock Holdings as on May 31, 2022