CEO Speak

Kailash Kulkarni

Indian stock market has seen upward momentum in the month of July, aided by easing crude, recovery in rupee, rate cut by GST council and the onset of a promising monsoon. Nifty and Sensex ended with (+6%) and (+6.2%) gains respectively and the Sensex touched the 37000 mark. The mutual fund industry has also been witnessing rise in AUM and as of June 2018 end it stood at Rs 23.57 lakh Crores ( source AMFI).

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L&T Mutual Fund presents The Finance Magazine, your insta-guide to bite-sized fundas of saving and investment. Follow us on Instagram as we talk about everything that meets your eye. From fashion to travel to food.

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Investment Basics

Rolling returns

Before investing in mutual funds investors generally consider CAGR as one of the parameters for fund selection. Compounded Annualized return or CAGR tracks the year on year growth of the investments over a specific period of time. To have a clear picture, let’s take an example. Suppose a fund was started in January 1, 2011, with an NAV of Rs 10. By December 31, 2016, its NAV had increased to Rs 20.

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Distributor Corner

RBI chooses to play by the script

As broadly expected by us and majority of the market participants, the RBI MPC in a 5-1 vote decided to hike rates by 25bps, keeping the stance unchanged at neutral. The accompanying language has been kept deliberately balanced, highlighting two sided risks to future projections and actions, and hence the choice of a neutral stance allowing flexibility on either side to react to global and domestic developments.

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Fund of the month

L&T Infrastructure Fund

The infrastructure sector is responsible for propelling India’s overall growth and development and hence enjoys the bandwidth of the government as well as a lot of related corporations, the common objective being to bring in world class infrastructure in the country. The current government has launched several infra related programmes and backed them with budgetary outlays. In the Union Budget 2018-19

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UPDATES

Media Update

Wealth Forum published an interview with Venugopal Manghat, Head - Equities on August 7, 2018. In this interview Mr. Manghat takes us through the investment strategies of L&T India Value Fund, fund performance, portfolio holdings, market outlook and key sectors to look at. Wealth Forum: While your fund has a very impressive long-term top quartile track record, the last 6 months seem to have been rough, relative to market and peers.

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Did You Know?

B30 assets accounts for 14% of the total industry AUM

Assets from B30 locations grew from Rs 3.23 lakh crore in May 2018 to Rs 3.32 lakh crore in June 2018. T30 assets meanwhile grew marginally from Rs 20.19 lakh crore to Rs 20.24 lakh crore, shows the latest AMFI data. Interestingly, majority of B30 assets (65%) were in equity schemes due to higher retail participation. Also, majority of T30 assets were in non-equity schemes (63%) because of institutional presence.

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L&T Infrastructure Fund

The product is suitable for investors who are seeking*:

  • Long-term capital appreciation
  • Investment predominantly in equity and equity-related instruments of companies in the infrastructure sector

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.