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companies experience temporary setbacks that tend to push their stock price down. These could
occur due to short-term adverse movements in some areas of the business, or simply because
some stocks dominate the rest. A value fund manager picks these ignored or unsought stocks that
are believed to be trading at less than their assessed values, and when they bounce back to their
real worth, investors in the fund could stand to gain. But the challenge is finding hidden
potential. And that is where the L&T India Value Fund comes in.
Key Benefits
• Focus on fundamentals - ensures that the business and not popularity of the stock are what determine its
underlying potential for investors
• Long-term wealth creation - helps investors benefit from long-term performance potential of undervalued
companies
• Invests with a “margin of safety” - helps reduce risk as stocks are generally bought below their intrinsic value
• Allows style diversification - invests in stocks across sectors and market capitalisations with a strong value bias
Higher Cyclically
dividend low
yield earnings
Using appropriate Assessing a company’s intrinsic
valuation metrics to worth by adding up valuations
Embedded
invest in businesses value - EV/tonne,
Sum of of all individual businesses
across sectors parts and subsidiaries
EV/EBITDA,
valuations
Cash Flow/Yield
Attractive
Business valuation
revival based on
growth
Industry
prospects
leader/
growing
Business recovery Businesses that are likely
company gaining
after a prolonged market share to be re-rated on account
underperformance of higher growth
L&T India Value Fund(G)€ 11.75% 14.94% 25.46% 08/Jan/2010 16.84% 35,953.00
S&P BSE-200 TRI 12.49% 9.31% 15.77% 10.37% 22,509.34
^
S&P BSE SENSEX TRI 12.70% 7.14% 13.48% 9.57% 21,195.98
1
This material is only for distributors and not for investors and excludes performance of direct plans. For complete performance details please refer to the factsheet. Past
performance may or may not be sustained in the future. 2Standard Benchmark. As per the SEBI standards for performance reporting, the since inception return is
calculated on NAV of `10 invested at inception. CAGR is compounded annualised. Date of inception is deemed to be date of allotment. 3Point to Point (PTP) Returns in INR
show the value of `10,000/- invested. The fund managers for the scheme are Mr. Venugopal Manghat and Mr. Karan Desai (for investments in foreign securities). The
performance (as on 31.03.2018) of all the schemes managed by Mr. Venugopal Manghat and Mr. Karan Desai is shown below.
Fund Facts
Objective To generate long-term capital appreciation from a diversified portfolio of predominantly equity and
equity-related securities, in the Indian markets with higher focus on undervalued securities. The
scheme could also additionally invest in foreign securities in international markets.
Options Growth and Dividend. The Dividend option offers dividend payout and dividend reinvestment
facilities.
Asset allocation 80% - 100% in equity and equity-related securities (includes investments in equity derivatives)
0% - 10% in foreign securities including overseas ETFs (as permitted by SEBI/RBI)
0% - 20% in debt securities (including securitized debt), money market instruments,
cash and domestic ETFs
Lump sum Minimum application amount `5,000 per application and in multiple of `1 thereafter
Additional investment `1,000 per application and in multiple of `1 thereafter
SIP/SWP/STP Available
*Average assets. Data for the quarter ended March 31, 2018
This product is suitable for investors who are seeking*
• Long term capital appreciation
• Investment predominantly in equity and equity-related securities in Indian
markets and foreign securities with higher focus on undervalued securities
*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
CL05442
related documents carefully.