Career Search

Friday, November 22, 2013

L&T Tax Advantage Fund

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 LT Tax Advantage Fund

 

 

The fund's investment approach is bottom up and is not hamstrung by any market cap or sectoral bias and is single-mindedly focused to tap best opportunities that the market presents.


The scheme intends to be diversified across sectors and could also hold more than 80 stocks at any given point. The holdings in individual stocks generally do not exceed 4 per cent. Currently it holds 54 stocks and its average equity allocation is 94 per cent, with large cap exposure being 70 per cent.

 

Performance


The fund slightly underperformed to begin with but caught up by next year as it curtailed its losses better than peers in the market downturn of 2008. The next three years too were a breeze but all this came to a grinding halt in 2012 when it lagged behind peers by 4 per cent which can be attributed to the overall change in the fund management as L&T MF acquired all Fidelity funds.


The fund's long term returns present a mixed picture as its annualised 4-year return of 8.37 per cent is quite better than the category average of 4.96 per cent but its 3-year return of -1.64 per cent is only marginally above the category average of -2.91 per cent.


Its highest single stock allocation has been to large caps like ICICI Bank, ITC, Infosys and Reliance which has been around 6 per cent.


Its sectoral allocation is more or less in line with the category average with only few differences.

 

Why invest?
The fund has done well irrespective of market cycles though it has had its short bouts of underperformances. Also, it has managed to scrape through with only a marginal underperformance during the fund management transition.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments: