L&T India Value Fund: A consistent outperformer

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 6-year return of 15.21%, the fund has significantly outperformed the category (average: 12.77%) and delivered thrice the benchmark return (5.6%).



BASIC FACTS
DATE OF LAUNCH: 1 Aug 2010
CATEGORY: Equity
TYPE: Mid Cap
AVERAGE AUM: Rs 2,123.46 cr
BENCHMARK S&P BSE 200 Index

WHAT IT COSTS
NAVS* GROWTH OPTION: Rs 28.18
DIVIDEND OPTION: Rs 22.61
MINIMUM INVESTMENT: Rs 5,000
MINIMUM SIP AMOUNT: Rs 500 EXPENSE RATIO^ (%): 2.14
EXIT LOAD: 1% for redemption within 365 days
*As on 27 Dec 2016
^As on 30 Sep 2016
FUND MANAGERS: Venugopal Manghat (above)/ Abhijeet Dakshikar
TENURE: 4 YEARS AND 1 MONTH/ 3 YEARS AND 6 MONTHS
Education: B.Sc, MBA / B.E, MMS

WHERE DOES THE FUND INVEST?



HOW RISKY IS IT?

SHOULD YOU BUY?
This is a valuation-conscious flexi-cap fund, with no particular market-cap and sector bias. This helps it explore value investment opportunities across the large-, mid- and small-cap segments. The fund changes the segment mix depending on the market situation—it has brought down its mid- and smallcap exposure from the previous two years, when valuations in the segment were supportive.

Currently, it is tilted towards large-caps even as peers continue to invest in mid-caps, underscoring the fund’s value bias. The fund has an impressive track record, and has outperformed its category average consistently over the past five years. The portfolio is heavily diversified, limiting exposure to individual bets. A proven track record makes it a worthy bet in this category.