L&T Infrastructure Fund is an equity fund that invests in infrastructure sector stocks with the goal of achieving long-term capital gains. It has a large asset size of over Rs. 1,918 crore. The fund focuses on mid and small-cap stocks and has outperformed its benchmark and category averages in past positive market cycles, delivering high returns. However, it also experiences high volatility during market downturns due to its riskier portfolio. The fund is best suited for experienced investors with a long-term outlook who are comfortable with high risks and fluctuations in returns.

1. L&T Infrastructure Fund
Exceptional Gains Through Infrastructure Businesses

2. Basic Details
Category: Equity: Sectoral-Infrastructure
Assets: R 1,918 crore (As on Mar 31, 2019)
Expense: 2.22% (As on Mar 31, 2019)
Fund House: L&T Mutual Fund
Launch Date: 27-Sep-07
Benchmark: NIFTY Infrastructure TRI
Type: Open-ended
Return since Launch: 4.06%
Minimum Investment (R) 5,000
Minimum Addl Investment (R) 1,000
Minimum SIP Investment (R) 500
Exit Load (%) For units in excess of 10% of the investment,1% will be
charged for redemption within 365 days

3. Investment Strategy
• L&T Infrastructure Fund is a sectoral mutual fund
which invests in the stocks of companies based on
infrastructure development.
• The fund can invest in companies of any size.
• Growth style of investment strategy is followed
by the fund manager.
• A residual proportion of the corpus is also
invested in debt securities.

4. Sector Allocation
The allocation on the construction stocks have been increased in the recent years due to supportive
market and continuous attention by the Governement of India.

5. Top Holdings
Stock Sector Allocation (%)
Larsen & Toubro Construction 8.73
Reliance Industries Energy 7.33
The Ramco Cements Construction 5.37
Grasim Industries Construction 5.17
Bharti Airtel Communication 4.4
AIA Engineering Metals 3.67
Orient Refractories Ltd. Construction 3.13
Bharat Electronics Engineering 2.94
Engineers India Construction 2.63
Century Textiles & Inds. Diversified 2.62

6. Performance Analysis
Trailing Returns (%) YTD 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.57 -11.05 15.56 16.83 15.02 12.84
S&P BSE India Infrastructure TRI 5.02 -11.45 12.3 9.44 11 8.75
Category 3.64 -9.5 10.29 12.56 11.06 10.65
Rank within Category 19 15 1 2 2 4
Number of funds in category 21 21 21 20 19 15
• L&T Infrastructure Fund has performed well in the positive market cycles due to aggressive
portfolio.
• It has delivered annual returns of 65% and 61% returns in the calendar year of 2014 and 2017
respectively beating the benchmark and category average by a great margin.
• In negative market trends, it has been highly volatile.

7. Fund Manager
Mr Saumendra Nath Lahiri
(Cheif Investment Officer at L&T Mutual Fund)
B.Tech, MBA (IIM Bangalore)
• Mr Lahiri has been managing L&T Infrastructure Fund since November 2012
• He has previously worked with Canara Robeco AMC, Emkay Investment, Fortuna Capital, and DSP
Mutual Fund.
• He also handles the investments for L&T Emerging Businesses Fund, L&T Dynamic Equity Fund, L&T
Equity Fund, L&T Hybrid Equity Fund, and many more funds at L&T Mutual Fund.

8. Interesting Facts About the Fund
• Due to the higher allocation in the mid and small-cap stocks, it possess high risk but is less volatile than most
of the peers.
• The risk to reward ratio of L&T Infrastructure Fund is best in the category.
• The fund manager select stocks which have potential to grow in the next 3-4 years.
• It is one of the most chosen Thematic Infrastructure Funds in India.
• The expense ratio of the fund is lower than majority of the schemes in the category.
• It has delivered highest gains in the positive market cycles many times in the past.

9. Who Should Invest?
• Sectoral funds are most suitable to the experienced investors who can track the trends of the
market to make better calls.
• L&T Infrastructure Fund has a high risk portfolio due to higher allocation in the high risk stocks
hence investors must be ready to face heavy fluctuations.
• It must be chosen for long-term investments and not for trading or short term goals.
• Those investors who seek long term capital gains from the stocks of infrastructure development
theme can invest in L&T Infrastructure Fund.
• New investors and investors with low risk appetite must avoid investing in this scheme.

10. Give Your Portfolio a Flavor of Infrastructure
Disclaimer: The information and suggestions of the funds in the presentation are for informative purpose only. The facts and figures in the presentation are as per the sources which include ValueResearch and Moneycontrol as
on 22-4-2019. Mutual fund investments are subject to market risk. Read all the scheme related documents carefully.