L&T Mutual Fund Update on Product Offerings

Transcription

1 L&T Mutual Fund Update on Product Offerings March 2018 This presentation is meant for distributors / investment advisors only. The details mentioned herein are for your information, and the same has been approved by the regulator and will be effective on a prospective basis.

2 L&T MF Product Offerings Comprehensive Range True to mandate. Minimal changes to our existing product offering post product rationalization

3 Scheme name changes Old Scheme Name L&T India Special Situations Fund L&T India Prudence Fund L&T Monthly Income Plan L&T Short Term Income Fund L&T Resurgent India Corporate Bond Fund L&T Short Term Opportunities Fund L&T Floating Rate Fund L&T Income Opportunities Fund New Scheme Name L&T Large and Midcap Fund L&T Hybrid Equity Fund L&T Conservative Hybrid Fund L&T Low Duration Fund L&T Resurgent India Bond Fund L&T Short Term Bond Fund L&T Money Market Fund L&T Credit Risk Fund

4 Equity Schemes - Characteristics

5 Product Characteristics - Equity Category : Multi Cap Scheme : L&T Equity Fund Characteristics : investments across largecap, midcap and smallcap stocks Asset allocation : equity and equity related securities 80%-100%, money market instruments 0%- 20% Fund size : Rs 2695 crs Fund Manager : S.N. Lahiri Benchmark index : S&P BSE 500 Tri Index Category : Large Cap Scheme : L&T India Large Cap Fund Characteristics : minimum 80% of total asset invested in largecap stocks Asset allocation : equity and equity related securities 80%-100%, money market instruments 0%- 20% Fund size : Rs 380 crs Fund Manager : Venugopal Manghat Benchmark index : S&P BSE 100 Tri Index Source: internal, icra mfie. Data as on Feb Large cap and mid cap companies are defined as top 100 companies and 101 st to 250 th company by market capitalization respectively.

6 Product Characteristics - Equity Category : Large and Mid Cap Scheme : L&T Large and Mid cap Fund (formerly L&T India Special Situations Fund) Characteristics : minimum 35% of total asset in largecap stocks, minimum 35% of total asset in midcap stocks Asset allocation : equity and equity related securities 80%-100%, money market instruments 0%- 20% Fund size : Rs 1286 crs Fund Manager : S.N. Lahiri Benchmark index : S&P BSE 200 Tri Index Category : Mid Cap Scheme : L&T Midcap Fund Characteristics : minimum 65% of total asset invested in midcap stocks Asset allocation : equity and equity related securities 80%-100%, debt securities, money market instruments 0%-20% Fund size : Rs 2313 crs Fund Manager : S.N. Lahiri / Vihang Naik Benchmark index : Nifty FF Midcap 100 Tri Index Source: internal, icra mfie. Data as on Feb Large cap and mid cap companies are defined as top 100 companies and 101 st to 250 th company by market capitalization respectively.

7 Product Characteristics - Equity Category : Small Cap Scheme : L&T Emerging Businesses Fund* Characteristics : minimum 65% of total asset in smallcap companies Asset allocation : equity and equity related securities 65%-100%, debt, money market instruments 0%- 35% Fund size : Rs 4286 crs Fund Manager : S.N. Lahiri Benchmark index : S&P BSE Smallcap Tri Index Category : Value Scheme : L&T India Value Fund Characteristics : investments in stocks following a value investment strategy Asset allocation : Indian equity securities 80%-100%, foreign securities/overseas etfs 0%-10%, debt securities, money market instruments, cash, domestic etfs 0%-20% Fund size : Rs 7406 crs Fund Manager : Venugopal Manghat Benchmark index : S&P BSE 200 Tri Index Source: internal, icra mfie. Data as on Feb 2018 *(Currently the daily investment limit via Lump sum, SIP, STP and Switch-Ins is capped to Rs. 2 lakhs)

8 Product Characteristics - Equity Category : Sectoral Scheme : L&T Infrastructure Fund Characteristics : minimum 80% of total assets invested in the infrastructure sector Asset allocation : equity and equity related securities 80%-100%, debt, money market instruments 0%- 20% Fund size : Rs 1925 crs Fund Manager : S.N. Lahiri Benchmark index : Nifty Infrastructure Tri Index Category : Thematic Scheme : L&T Business Cycles Fund Characteristics : minimum 80% of total asset invested in stocks following business cycles theme Asset allocation : equity and equity related securities 80%-100%, debt, money market instruments 0%- 20% Fund size : Rs 1019 crs Fund Manager : Venugopal Manghat Benchmark index : S&P BSE 200 Tri Index Source: internal, icra mfie. Data as on Feb 2018

9 Product Characteristics - Equity Category : ELSS Scheme : L&T Tax Advantage Fund Characteristics : minimum 80% of total asset in equity and equity related instruments, with statutory lock-in of 3 years and tax benefits Asset allocation : equity and equity related securities 80%-100%, Money market instruments 0%- 20% Fund size : Rs 2989 crs Fund Manager : S.N. Lahiri Benchmark index : S&P BSE 200 Tri Index Source: internal, icra mfie. Data as on Feb 2018

10 Hybrid Schemes - Characteristics

11 Product Characteristics - Hybrid Category : Conservative Hybrid Scheme : L&T Conservative Hybrid Fund (formerly L&T Monthly Income Plan) Characteristics : hybrid scheme investing predominantly in debt instruments Asset allocation : equity and equity related securities 10%-25%, debt, money market instruments, G-sec 75%-90% Fund size : Rs 56 crs Fund Manager : Venugopal Manghat, Jalpan Shah Benchmark index : CRISIL Hybrid Conservative Index Category : Aggressive Hybrid Scheme : L&T Hybrid Equity Fund (formerly L&T India Prudence Fund) Characteristics : hybrid scheme investing predominantly in equity instruments Asset allocation : equity and equity related securities 65%-75%, Money market instruments 25-35% Fund size : Rs 9654 crs Fund Manager : S.N. Lahiri, Shriram Ramanathan Benchmark index : 70% - S&P BSE 200 TRI Index, 30% CRISIL Short Term Bond Fund Index Source: internal, icra mfie. Data as on Feb 2018

12 Product Characteristics - Hybrid Category : Dynamic Asset Allocation Scheme : L&T Dynamic Equity Fund Characteristics : investment in debt and equity asset class that is managed dynamically The asset allocation model helps investors benefit by dynamically changing net equity allocation based on trailing P/E levels of Nifty 50 index Fund size : Rs 482 crs Fund Manager : S.N. Lahiri, Jalpan Shah, Praveen Ayathan Benchmark index : 50% S&P BSE 200 TRI and 50% CRISIL Short Term Bond Fund Index Category : Equity Savings Scheme : L&T Equity Savings Fund Characteristics : investment in equity, debt and arbitrage strategies Asset allocation : net long equity 15%-45%, debt, money market instruments, G-sec 10%-35%, equity derivatives 20%-50% Fund size : Rs 208 crs Fund Manager : Venugopal Manghat, Jalpan Shah, Praveen Ayathan Benchmark index : Nifty 50 Arbitrage Index (75%) and S&P BSE 200 TRI (25%) Source: internal, icra mfie. Data as on Feb 2018

13 Product Characteristics - Hybrid Category : Arbitrage Scheme : L&T Arbitrage Opportunities Fund Characteristics : investment in equity arbitrage strategies Asset allocation : equity and equity related securities and equity derivatives 65%-90%, debt, money market instruments 10%-35% Fund size : Rs 918 crs Fund Manager : Venugopal Manghat, Praveen Ayathan Benchmark index : Nifty 50 Arbitrage Index

14 Debt Schemes - Characteristics

15 Product Characteristics - Debt Category : Overnight Scheme : L&T Cash Fund Characteristics: overnight securities having maturity of 1 day 0%-100% Fund size : Rs 440 crs Fund Manager : Jalpan Shah, Shriram Ramanathan Benchmark index : CRISIL Liquid Fund Index Category : Liquid Scheme : L&T Liquid Fund Characteristics : investments in debt and money market securities with maturity upto 91 days only Asset allocation : debt 0%-100%, money market instruments 0%- 100% Fund size : Rs crs Fund Manager : Jalpan Shah, Shriram Ramanathan Benchmark index : CRISIL Liquid Fund Index Source: internal, icra mfie. Data as on Feb 2018

16 Product Characteristics - Debt Category : Ultra Short Duration Scheme : L&T Ultra Short Term Fund Characteristics : debt scheme with portfolio macaulay duration between 3 to 6 months Asset allocation : debt securities 0%-100%, money market instruments 0%-100% Fund size : Rs 2175 crs Fund Manager : Jalpan Shah, Vikas Garg Benchmark index : CRISIL Liquid Fund Index Category : Low Duration Scheme : L&T Low Duration Fund (formerly L&T Short Term Income Fund) Characteristics : debt scheme with portfolio macaulay duration between 6 to 12 months Asset allocation : debt securities 0%-100%, money market instruments 0%-100%, REITs/InvITs 0%-10% Fund size : Rs 1240 crs Fund Manager : Vikas Garg, Shriram Ramanathan Benchmark index : Crisil Short Term Bond Fund Index Source: internal, icra mfie. Data as on Feb 2018

17 Product Characteristics - Debt Category : Money Market Scheme : L&T Money Market Fund (formerly L&T Floating Rate Fund) Characteristics : investment in money market instruments having maturity upto 1 year Asset allocation : Money market instruments 0%-100% Fund size : Rs 745 crs Fund Manager : Vikas Garg, Jalpan Shah Benchmark index : Crisil Liquid Fund Index Category : Short Duration Scheme : L&T Short Term Bond Fund (formerly L&T Short Term Opportunities Fund) Characteristics : debt scheme with portfolio macaulay duration between 1 year to 3 years Asset allocation : debt securities 0%-100%, money market instruments 0%-100% Fund size : Rs 3251 crs Fund Manager : Jalpan Shah, Shriram Ramanathan Benchmark index : Crisil Short Term Bond Fund Index Source: internal, icra mfie. Data as on Feb 2018

18 Product Characteristics - Debt Category : Medium Duration Scheme : L&T Resurgent India Bond Fund (formerly L&T Resurgent India Corporate Bond Fund) Characteristics : debt scheme with portfolio macaulay duration between 3 years to 4 years Asset allocation : debt instruments 0%-100%, money market instruments 0%-100%, REITs / InvITs 0%-10% Fund size : Rs 2506 crs Fund Manager : Shriram Ramanathan, Vikas Garg Benchmark index : Crisil Composite Bond Fund Index Category : Dynamic Bond Scheme : L&T Flexi Bond Fund Characteristics : dynamic debt scheme investing across duration Asset allocation : debt securities 0%-100%, money market instruments 0%-100%, REITs / InvITs 0%-10% Fund size : Rs 73 crs Fund Manager : Jalpan Shah, Shriram Ramanathan Benchmark index : Crisil Composite Bond Fund Index Source: internal, icra mfie. Data as on Feb 2018

19 Product Characteristics - Debt Category : Corporate Bond Scheme : L&T Triple Ace Bond Fund Characteristics : debt scheme investing predominantly in higher rated corporate bonds (AA+ and above) Asset allocation : AA+ and above rated corporate debt instruments, CBLO 80%-100%, other debt and money market instruments 0%- 20% Fund size : Rs 290 crs Fund Manager : Shriram Ramanathan, Jalpan Shah Benchmark index : Crisil Composite Bond Fund Index Category : Credit Risk Scheme : L&T Credit Risk Fund (formerly L&T Income Opportunities Fund) Characteristics : debt scheme investing predominantly in lower rated corporate bonds (AA and below) Asset allocation : debt instruments (atleast 65% in corporate bond, rated AA and below) 0%-100%, money market instruments 0%- 100%, REITs/InvITs 0%-10% Fund size : Rs 3558 crs Fund Manager : Shriram Ramanathan, Vikas Garg Benchmark index : Crisil Short Term Bond Fund Index Source: internal, icra mfie. Data as on Feb 2018

20 Product Characteristics - Debt Category : Banking and PSU Scheme : L&T Banking & PSU Debt Fund Characteristics : debt scheme investing predominantly in banks, PSUs, PFIs and municipal bonds Asset Allocation : debt and money market instruments issued by banks, PSUs, PFIs, municipal bonds, CBLO 80%-100%. Debt and money market instruments issued by other entities 0%-20% Fund size : Rs 281 crs Fund Manager : Jalpan Shah, Shriram Ramanathan Benchmark index : Crisil Short Term Bond Fund Index Category : Gilt Scheme : L&T Gilt Fund Characteristics : debt scheme investing predominantly in government securities across maturities Asset allocation : Gsec, t-bills, cblo 80%-100%, money market instruments 0%-20% Fund size : Rs 157 crs Fund Manager : Jalpan Shah, Shriram Ramanathan Benchmark index : I-Sec Composite Index Source: internal, icra mfie. Data as on Feb 2018

21 Disclaimer & Risk Factors This presentation is for distributors purpose only and the circulation of this presentation is restricted to distributors only. This presentation is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The data/ information used/disclosed in this presentation is only for information purposes and not guaranteeing / indicating any returns. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing. Recipient of this presentation should understand that statements made here in regarding future prospects may not be realized. He / She should also understand that any reference to the indices/ sectors/ securities/ schemes etc in the document is only for illustration purpose and should not be construed as advice to buy those securities. Neither this presentation nor the units of L&T Mutual Fund have been registered in any jurisdiction except India. The distribution of this presentation in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of this presentation are required to inform themselves about, and to observe, any such restrictions. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. CL05348

22 Product Labeling