L&T India Special Situations Fund: Has outperformed Index over long term

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

HOW HAS THE FUND PERFORMED?
With a 10-year return of 12.67%, the fund has outperformed both the benchmark (8.95%) and the category average (11.78%).





BASIC FACTS
Date of launch: 22 May 2006
Category: Equity
Type: Multi-Cap
Average AUM: Rs 964.35 crore
Benchmark: S&P BSE 200 Index

WHAT IT COSTS
NAVs(As on 31 May 2017)
Growth option: Rs 45 Dividend option: Rs 29
Minimum Investment: Rs 5,000
Minimum SIP Amount: Rs 500
Expense Ratio (As on 30 April 2017) (%): 2.27 Exit Load: 1% for redemption within 365 days

FUND MANAGER
Soumendra Nath Lahiri
Tenure: 4 Years AND 6 Months
Education: B.Tech, PGDM

WHERE DOES THE FUND INVEST?


HOW RISKY IS IT?

Wherever not specified, data as on 30 April 2017. Source: Value Research

Should you buy?
The fund seeks opportunities arising out of special situations that companies may find themselves in, including turnarounds, restructuring, new business streams, under-appreciated growth, asset plays and corporate actions. The aim is to spot these ideas early and hold onto them for the right amount of time to capture their full potential.

It has no market cap or sector bias as it seeks to tap opportunities across the spectrum. It is reasonably diversified, maintains significant exposure to stocks outside of its benchmark and takes sizeable active positions in the same. The fund has outperformed both the index and peers comfortably over the long term. Investors may consider it for its differentiated strategy in the multi-cap space.