Fundcard

L&T India Value Fund

Value Research Fund Rating as on Jun 30, 2017

Open-ended and Equity: Mid Cap

Risk Grade – Low

Return Grade – Above Average

NAV – Rs. 35.51 as on Jul 24, 2017

Net Assets – Rs. 4453.8 crore as on Jun 30, 2017

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L&T India Value Fund
Rating: Fund Performance Vs S&P BSE 200
Risk: Low
Return: Above Average

Fund
S&P BSE 200
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) - - - 11.97 8.73 12.20 13.01 22.64 25.56 27.64 35.51
Total Return (%) - - - - -27.09 39.81 6.64 74.06 12.88 8.13 28.48
+/- S&P BSE 200 - - - - -2.47 12.11 -0.12 42.67 16.94 5.12 6.73
+/- S&P BSE Sensex - - - - -2.45 14.11 -2.34 44.17 17.91 6.18 7.38
Rank (Fund/Category) - - - - 37/48 18/42 31/73 23/78 12/71 26/79 22/89
52 Week High (Rs) - - - 12.80 12.04 12.20 13.01 22.87 26.67 30.13 35.55
52 Week Low (Rs) - - - 9.44 8.67 8.77 10.54 12.29 22.40 21.39 27.90
Net Assets (Rs.Cr) - - - 198.70 117.00 66.73 44.45 101.56 733.68 2050.82 4038.02
Expense Ratio (%) - - - 2.38 2.42 2.50 2.93 3.02 2.94 2.59 -

Top Holdings Quarterly Returns (%)

Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

Reliance Industries Energy 16.40 48.44 3.46 2017 16.41 6.00 - - -

ITC FMCG 35.00 20.94 3.42 2016 -6.41 9.50 9.50 -3.64 8.13
ICICI Bank Financial 19.80 19.04 3.17 2015 4.62 1.30 3.03 3.38 12.88
State Bank of India Financial 24.20 18.62 2.79 2014 6.69 36.93 6.78 11.58 74.06
Future Retail Services 52.50 215.30 2.32 2013 -5.25 1.06 -1.73 13.33 6.64
Federal Bank Financial 27.40 77.95 2.23
Power Grid Corp. Energy 15.10 17.96 1.91 Trailing Returns (%)
HDFC Financial 35.00 29.30 1.85 Return Rank S&P BSE SIP
UPL Chemicals 179.60 36.72 1.72 Fund Category Fund/Cat 200 Return
Axis Bank Financial 34.80 21.03 1.69 Year-to-Date 28.48 25.75 22/89 23.48 -
Tata Steel Metals 15.40 41.42 1.69 3-Month 5.64 4.01 19/91 7.27 29.25
Grasim Industries Diversified 44.40 24.80 1.62 6-Month 19.90 19.02 33/89 18.19 35.25
Indian Bank Financial 10.50 45.51 1.55 1-Year 29.46 23.93 15/87 18.97 33.35
Bajaj Finserv Financial 71.33 1.54 2-Year 10.08
18.37 14.14 13/85 28.20
KEC International Engineering 26.30 110.67 1.52 3-Year 22.81 19.92 22/81 10.83 23.30
Spicejet Services 16.10 102.27 1.46 5-Year 27.96 24.58 6/37 15.73 28.18
Aditya Birla Nuvo Diversified 46.64 1.42 7-Year 18.07 16.39 10/35 9.43 24.42
India Cements Construction 37.10 80.33 1.39 10-Year - - - - -
MRPL Energy 6.60 25.29 1.39 Return less than 1-year are absolute and over 1 year are annualised
Triveni Engineering FMCG 8.60 37.31 1.31
Indraprastha Gas Energy 27.90 23.30 1.30 Top 10 Sector Weights (%) Risk Analysis
Dishman Carbogen Amcis Healthcare 1.30 Volatility Measurements
Fund S&P BSE 200
MRF Automobile 20.10 44.08 1.27
Financial 22.74 35.03 Standard Deviation 14.89
Infosys Technology 16.20 -1.64 1.27
The Ramco Cements Construction 24.50 22.21 1.21 Energy 11.00 13.92 Sharpe Ratio 1.08
Construction 10.84 5.87 Beta 0.96
FUND STYLE FMCG 8.77 9.79 R-Squared 0.71
Portfolio Characteristics Investment Style Chemicals 6.90 1.38 Alpha 12.58
Growth Blend Value
Total Stocks 87 Automobile 6.34 11.02
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)

Capitalisation

23132 Services 5.60 1.56

Portfolio P/B Ratio 2.23 Metals 5.28 3.08 Equity 92.23
Portfolio P/E Ratio 18.66 Healthcare 3.91 4.63 Debt 0.01
3Y Earnings Growth (%) 15.33 Diversified 3.04 - Cash 7.76
Returns as on July 24, 2017, Portfolio related data as on June 30, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 96.31%
This fund was started off in a difficult year but has managed a very The Scheme seeks to
consistent show since then. It now is a five-star fund. The fund hunts for generate long term capital
undervalued stocks in the market and is market-cap agnostic. Its
appreciation from a diversified
investment approach is to select stocks for their fundamentals rather than
market fancy and buy them below their intrinsic value with an adequate portfolio of predominantly
margin of safety. Value opportunities are often identified in sectors and equity and equity related
companies in special situations such as cyclically low earnings, securities, in the Indian
turnaround and revival plays and so on. Currently, 35-40 per cent of the markets with higher focus on
QUARTER 41.45% portfolio has been parked in large caps, 25-40 per cent in mid caps and
undervalued securities. It
the rest in small caps. The fund is underweight on mid caps and has a
slightly higher large-cap as well as small-cap allocation relative to the could also additionally invest
mid-cap category. Except for its debut year, in which it slightly lagged in Foreign Securities in
behind its benchmark, the fund has been ahead of its benchmark and international markets.
peers in every year since launch. The years 2014 and 2015 proved to be
bumper years on benchmark and category outperformance. The fund has
also held its own in the last one year when the market fancy turned to
MONTH value stocks. Three- and five-year CAGR of the fund stand at 32.3 per
29.10%
cent and 25.1 per cent, respectively. These are 12-18 per cent higher
than the benchmark and 3-5 per cent ahead of the category. However,
the fund being a recent entrant to the category is yet to encounter a severe
bear market in which its performance can be tested.

Portfolio Manager

Venugopal Manghat
Worst Performance Since Nov 2012

YEAR -26.76%

Karan Desai
Since Feb 2017

QUARTER -19.30%

MONTH -14.05%
Investment Information

AMC : L&T Investment Management Ltd Min Investment (Rs.) : 5000

Website : www.lntmf.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : 1% for redemption within 365 days
Launch : January 2010
Benchmark : S&P BSE 200
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (26.69) , Growth (35.51)

NAV S&P BSE 200

How to Read the Fundcard - Equity

Value Research Rating, Risk and Return

z Fund Rating — The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade — A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade — A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the fund’s performance Sample Mutual Fund
since its launch. Graph of how an investors’ money
Rating:  Fund Performance Vs S&P CNX Nifty
z NAV (Year End) — The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return — The percent- Fund
fund’s benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- — In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the fund’s NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank — The fund’s perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)

Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range — The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds’ returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire year’s returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets — The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investor’s assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio — The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily

Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund — The fund’s own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category — The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)

Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03

Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank — The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
year’s returns are given. Also
z Index — The returns of the
stated is the percentage of the
fund’s benchmark index.
fund’s investments that are
z SIP Return (Annualised) —
invested in that company.
The return that an investor
would have made by investing
in the fund’s monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the fund’s investments. The mar- of investment that the fund follows, The percentage of the fund’s holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the fund’s investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.