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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 September 21, 2020 , 468 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
₹34.364 ↓ -0.02   (-0.06 %)
₹6,362 on 31 Aug 20
8 Jan 10
Equity
Value
4
Moderately High
1.85
0.15
-1.14
-0.99
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T Equity Fund
Growth
Fund Details
₹79.083 ↓ -0.28   (-0.35 %)
₹2,366 on 31 Aug 20
16 May 05
Equity
Multi Cap
25
Moderately High
2.12
0.11
-0.82
-2.77
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
-1.7%
10.5%
52%
-2.1%
-1.2%
7.1%
12.2%
L&T Equity Fund
Growth
Fund Details
-3%
7%
44.8%
-2.8%
0.8%
5.8%
14.4%

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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 - 7.78 Yr.
L&T Equity Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 0.71 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 Aug 15₹10,000
31 Aug 16₹11,421
31 Aug 17₹14,489
31 Aug 18₹15,463
31 Aug 19₹13,528
31 Aug 20₹13,972
Growth of 10,000 investment over the years.
L&T Equity Fund
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹11,120
31 Aug 17₹12,750
31 Aug 18₹14,212
31 Aug 19₹12,902
31 Aug 20₹13,280

Detailed portfolio Comparison

Asset Allocation
L&T India Value Fund
Growth
Fund Details
Asset ClassValue
Cash0.62%
Equity99.38%
Other0%
Equity Sector Allocation
SectorValue
Financial Services22.5%
Basic Materials18.58%
Technology11.07%
Health Care10.54%
Energy10%
Consumer Cyclical9.23%
Consumer Defensive7.02%
Industrials4.57%
Communication Services3.36%
Real Estate1.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 15 | RELIANCE
9%₹570 Cr2,740,363
↓ -149,637
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | HDFCBANK
7%₹449 Cr4,021,200
↑ 154,800
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
7%₹438 Cr11,100,000
↑ 1,901,700
Infosys Ltd (Technology)
Equity, Since 31 Dec 10 | INFY
6%₹397 Cr4,271,500
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL
3%₹214 Cr4,162,400
↓ -230,600
Coromandel International Ltd (Basic Materials)
Equity, Since 31 Oct 17 | 506395
3%₹196 Cr2,576,900
↓ -153,900
HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 16 | HCLTECH
3%₹189 Cr2,728,700
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 16 | HDFC
3%₹185 Cr1,010,900
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Mar 17 | SUNPHARMA
3%₹177 Cr3,402,700
↓ -118,700
ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 15 | ITC
2%₹153 Cr8,019,400
Asset Allocation
L&T Equity Fund
Growth
Fund Details
Asset ClassValue
Cash2.05%
Equity97.92%
Other0.03%
Equity Sector Allocation
SectorValue
Financial Services18.53%
Health Care16.24%
Technology14.81%
Basic Materials11.5%
Consumer Defensive11.47%
Consumer Cyclical6.37%
Industrials6.17%
Energy6.15%
Communication Services4.37%
Utility1.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
6%₹133 Cr637,400
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 16 | HCLTECH
5%₹111 Cr1,592,400
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 09 | TCS
4%₹103 Cr456,700
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
4%₹102 Cr2,581,229
↑ 1,071,629
Dishman Carbogen Amics Ltd (Healthcare)
Equity, Since 31 Dec 19 | 540701
4%₹89 Cr5,075,087
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
4%₹89 Cr958,000
↓ -249,500
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
4%₹87 Cr1,686,700
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 07 | HDFCBANK
3%₹80 Cr720,400
↓ -453,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 15 | SUNPHARMA
3%₹75 Cr1,433,300
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 May 17 | 500696
3%₹71 Cr336,700

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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