With 50.97% Returns, This Equity Saving Fund Is Good For Investment, SIP Starts At Rs 500

The fund we have highlighted here seeks to generate regular income by predominantly investing in arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity-related instruments. This fund has given good returns on long term investment. Read to know more!

L&T Equity Savings Fund - Direct Plan-Growth

This is an open-ended equity saving fund from the L & T Mutual fund. This fund has Asset Under Management worth Rs 215.84 crore. The NAV declared on 18th April 2022 is Rs 24.94. It is a medium-sized fund of its category. The expense ratio of this fund is 0.69%. It is slightly below its category average expense ratio. 

It is a moderate risky fund for investments. The minimum investment amount required is Rs 5000. The minimum amount required for SIP is Rs 500. There is no lock-in period in this fund. However, it charges 0.5 exit charges for the units above 10% of the investment if redeemed within 30 days. 

Absolute And Annualised Returns

Lump-Sum Investment Returns

Since its launch, it has delivered 9.12% average annual returns.

Investment Period	Absolute Returns	Annualised Returns
1 Year	13.28%	13.20%
2 Year	46.96%	21.19%
3 Year	33.04%	9.97%
5 Year	50.97%	8.58%
Since Inception	125.12%	9.12%

SIP Returns

SIP Period	Absolute Returns	Annualised Returns
1 Year	4.28%	8.03%
2 Year	16.86%	15.77%
3 Year	23.05%	13.95%
5 Year	30.27%	10.51%

Portfolio

The fund is invested in equities to the tune of 74.74 per cent, with 40.06 per cent in large-cap companies, 16.03 per cent in mid-level stocks, and 14.31 per cent in small-cap stocks.

The fund has a debt investment of 24.28 per cent, with 23.84 per cent in government securities and 0.44 per cent in funds with extremely low-risk securities. The financial, technology, metals & mining, consumer staples, and healthcare sectors make up the majority of the fund's stock holdings.

In comparison to other funds in the category, it has less exposure to the Financial and Technology industries. The fund's debt part has a low credit rating, meaning that the borrowers to whom it has given money are not of high quality.

The fund's top holdings are in the Government of India, Kotak Mahindra Bank Ltd., National Aluminium Co. Ltd., United Spirits Ltd., and Reliance Industries Ltd.

 

Disclaimers

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.