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Fincash » L&T India Value Fund Vs L&T Equity Fund

L&T India Value Fund Vs L&T Equity Fund

Updated on January 23, 2020 , 187 views

There are numerous differences between L&T India value fund and L&T Equity Fund. These differences exist in spite both the schemes belonging to the same category of Mutual Fund and same fund house. In simple terms, Diversified Funds are the category of Equity Funds whose corpus is invested in stocks of large-cap, mid-cap, and small-cap companies. These schemes try to exploit the opportunities of each market-caps thereby; maximizing the returns for its investors. Diversified funds, on a general note, invest around 40-60% of their corpus in Large cap funds, 10-40% of their corpus in mid cap funds, and a maximum of 10% in Small cap funds. In certain situations, the investment in small-cap stocks may also be equal to nil. Diversified funds are a good option for medium to long-term investment tenure. So, let us understand the differences between L&T India Value Fund and L&T Equity Fund through this article.

L&T India Value Fund

L&T India Value Fund is suitable for investors seeking for exposure in equity and equity-related securities in Indian markets thereby generating capital growth in the long-term. The scheme invests in stocks of Indian companies with more focus on undervalued securities. L&T India Value Fund was launched on January 08, 2010 and is managed jointly by Mr. Venugopal Mangat and Mr. Karan Desai. L&T India Value Fund uses S&P BSE 200 TRI Index as its base to formulate its basket of assets. Some of the benefits of this scheme of L&T Mutual Fund are long-term wealth creator, style diversification, and 360-degree approach. As on March 31, 2018, some of the constituents that form part of L& India Value Fund include The Federal Bank Limited, Larsen & Toubro Limited, Tata Steel Limited, Godrej Industries Limited, and HCL Technologies Limited.

L&T Equity Fund

The objective of L&T Equity Fund is to achieve capital growth in the long-term by Investing in a diversified portfolio predominantly consisting of equity and equity-related securities. Some of the benefits of L&T Equity Fund are ideal core investment, greater diversification, and 360-degree approach. Based on the Asset Allocation of this scheme, in normal circumstances, the invests around 95% of its pooled money in equity and equity-related instruments and the remaining 5% in fixed income and money market instruments. Mr. S. N. Lahiri and Mr. Karan Desai jointly manage the L&T Equity Fund. Axis Bank Limited, Tata Consultancy Services Limited, Lupin Limited, Vedanta Limited, and Pidilite Industries Limited are some of the constituents that form part of L&T Equity Fund’s portfolio as on March 31, 2018.

L&T India Value Fund Vs L&T Equity Fund

L&T India Value Fund and L&T Equity Fund differ on numerous parameters though they belong to the same fund house and same category. So, let’s analyze these differences between the schemes by comparing these parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

It is the first section in the comparison that includes parameters such as scheme category, Fincash Rating, and current NAV. To being with the scheme category, it can be said that both the schemes belong to the same category of Equity Diversified. Moving on to the next parameter, that is, Fincash Rating, it can be said that L&T India Value Fund is a 5-Star Rated scheme and L&T Equity Fund is a 4-Star Rated scheme. However, with respect to the NAV of both the schemes, there exists a significant difference. As on April 30, 2018, the NAV of L&T India Value Fund was approximately INR 38 and of L&T Equity Fund was approximately INR 85. The performance of the basics section is tabulated as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
L&T India Value Fund
Growth
Fund Details
₹37.53 ↑ 0.17   (0.46 %)
₹7,759 on 31 Dec 19
8 Jan 10
Equity
Value
4
Moderately High
2.19
0.15
-1.03
-6.1
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T Equity Fund
Growth
Fund Details
₹85.726 ↑ 0.51   (0.60 %)
₹2,679 on 31 Dec 19
16 May 05
Equity
Multi Cap
25
Moderately High
2.23
0.18
-1.09
-3.5
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns at different time periods is done in the performance section. These time periods include 1 Month Return 3 Month Return, 3 Year Return, and 5 Year Return. The comparison of the performance section states that in certain instances, L&T India Value Fund leads the race while in others, L&T Equity Fund leads the race. The table given below summarizes the comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
L&T India Value Fund
Growth
Fund Details
4.3%
8.6%
9.3%
10.7%
8.2%
9.5%
14.1%
L&T Equity Fund
Growth
Fund Details
2.3%
6.1%
8.6%
10.7%
9.1%
6%
15.7%

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Yearly Performance Section

Being the third section in the comparison, it analyzes the differences in the absolute returns generated by both the schemes for a particular year. The analysis of absolute returns states that in most of the instances, L&T India Value Fund has performed better as compared to L&T Equity Fund. The summary of yearly performance section is as follows.

Parameters
Yearly Performance2019
2018
2017
2016
2015
L&T India Value Fund
Growth
Fund Details
4.6%
-11.4%
41.3%
8.1%
12.9%
L&T Equity Fund
Growth
Fund Details
4.9%
-4.5%
34.2%
3.6%
0.3%

Other Details Section

It is the last section in the comparison and includes elements such as AUM, minimum SIP investment, and minimum lumpsum investment. The minimum SIP and lumpsum investment for both the schemes are same. The minimum SIP amount for L&T India Value Fund and L&T Equity Fund is INR 500. On the other hand, the minimum lumpsum amount for both the schemes is INR 5,000. However, both the schemes differ considerably with respect to the AUM. The AUM of L&T India Value Fund was around INR 7,347 Crores while of L&T Equity Fund was nearly INR 2,589 Crores as of March 31, 2018. The table given below summarizes the comparison of the other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
L&T India Value Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 7.02 Yr.
L&T Equity Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 0 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
L&T India Value Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹11,288
31 Dec 16₹12,205
31 Dec 17₹17,242
31 Dec 18₹15,270
31 Dec 19₹15,972
Growth of 10,000 investment over the years.
L&T Equity Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,029
31 Dec 16₹10,388
31 Dec 17₹13,940
31 Dec 18₹13,307
31 Dec 19₹13,959

Detailed portfolio Comparison

Asset Allocation
L&T India Value Fund
Growth
Fund Details
Asset ClassValue
Cash1.08%
Equity99.09%
Equity Sector Allocation
SectorValue
Financial Services34.41%
Basic Materials13.78%
Energy10.64%
Consumer Cyclical9.69%
Industrials8.3%
Technology7.83%
Real Estate4.17%
Consumer Defensive3.87%
Health Care3.31%
Utility1.96%
Communication Services0.96%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
8%₹630 Cr12,286,200
↓ -1,435,100
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE
8%₹627 Cr4,039,400
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK
5%₹383 Cr3,006,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 16 | HDFC
4%₹322 Cr1,400,600
Infosys Ltd (Technology)
Equity, Since 31 Dec 10 | INFY
4%₹296 Cr4,257,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
4%₹284 Cr2,136,800
↓ -200,300
State Bank of India (Financial Services)
Equity, Since 28 Feb 10 | SBIN
4%₹281 Cr8,228,800
↓ -384,532
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | 532215
3%₹234 Cr3,164,147
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 16 | HCLTECH
2%₹181 Cr1,600,701
↓ -206,699
ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 15 | ITC
2%₹150 Cr6,072,500
Asset Allocation
L&T Equity Fund
Growth
Fund Details
Asset ClassValue
Cash2.68%
Equity97.89%
Equity Sector Allocation
SectorValue
Financial Services37.88%
Technology12.97%
Industrials11.78%
Basic Materials8.71%
Consumer Defensive6.59%
Health Care6.28%
Energy4.64%
Consumer Cyclical3.63%
Communication Services2.78%
Utility2.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
9%₹245 Cr4,771,900
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 07 | HDFCBANK
8%₹206 Cr1,612,400
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 06 | LT
6%₹155 Cr1,165,050
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
5%₹122 Cr593,200
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | KOTAKBANK
4%₹118 Cr728,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹113 Cr730,900
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC
4%₹98 Cr424,500
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
3%₹85 Cr1,215,900
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | 532215
3%₹83 Cr1,117,200
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 16 | HCLTECH
3%₹76 Cr673,600
↓ -16,500

As a consequence, it can be said from the above parameters that, though both the schemes belong to the same fund house and category nevertheless; they differ on numerous parameters. Therefore, individuals should be careful before investing in any of the schemes. They should understand the parameters of the scheme completely and ensure whether the scheme matches their investment objective or not. This will help them to attain their objectives on time along with ensuring that their investment is safe.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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