Jan 27, 2014, 06.04 PM IST
The fund has been a steady performer and this would be suitable for those investors who want to take an exposure to the mid cap sector but are conservative in nature and hence would prefer lower volatility present in the investment.
Tags L&T Midcap Fund, Texmaco Rail, Texmaco Rail and Engineering, Swaraj Engines, Alstom T&D India, Vardhman Textiles, Divis Labs, Divis Laboratories, Bayer Cropscience, Bayer CropScience, ING Vysya Bank
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Here's all you want to know about L&T Midcap Fund
The fund has been a steady performer and this would be suitable for those investors who want to take an exposure to the mid cap sector but are conservative in nature and hence would prefer lower volatility present in the investment.
Like this story, share it with millions of investors on M3
Here's all you want to know about L&T Midcap Fund
The fund has been a steady performer and this would be suitable for those investors who want to take an exposure to the mid cap sector but are conservative in nature and hence would prefer lower volatility present in the investment.
Inception: August 2004
Assets under Management: Rs 88 crore at the end of December 2013
Fund Manager: S N Lahiri
Analysis:
- The fund concentrates on having mid cap stocks in its portfolio. At the end of September 2012 the fund had the highest exposure to consumer non durables in its portfolio with the share here at just over 10 percent. Banks, Pharma, industrial products, auto ancillaries and media and entertainment were some of the other leading sectors in the portfolio. Engineers India was the top individual stock in the portfolio with Max India, Lupin, Dish TV, Divis Labs, Bajaj Corp, Page Industries being some of the other top holdings. The funds portfolio turnover was 1.6 times while the CNX Midcap Index was the benchmark index for the fund. The fund was an outperformer over the one and three year period ended September 2012.
- At the end of April 2013 there was a change in the portfolio position in the fund as banks was now the top sector with a 16 per cent share. Software, consumer non durables, auto ancillaries and cement were some of the other leading sectors in the portfolio. Idea was the top individual holding in the portfolio with ING Vysya Bank, Eicher Motors, Tech Mahindra, J&K bank, Federal bank, Page Industries and Madras Cements being some of the other top ones. The portfolio turnover ratio dipped to 1.1 times and the fund was an outperformer over the one and three year time periods ended March 2013.
- Banks continued to remain the top sector in the portfolio of the fund at the end of December 2013. Software, industrial products, consumer non durables and industrial capital goods were some of the other top sectors present in the portfolio. The cash and cash equivalents of the company had climbed to nearly 7 per cent. Federal Bank was the top individual stock though the exposure here was just 3 per cent. ING Vysya Bank, Bayer Cropscience, Divis Labs, Vardhman Textiles, Alstom T&D India, Swaraj Engines and Texmaco Rail were some of the other top holdings present. The portfolio turnover ratio of the fund remained steady and the fund was a clear outperformer over the one and three year time periods ended December 2013.
- The fund has been a steady performer and this would be suitable for those investors who want to take an exposure to the mid cap sector but are conservative in nature and hence would prefer lower volatility present in the investment.
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