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Special situations are unusual or out-of-the-ordinary circumstances that a company or its stock can face. For instance, a
company could be in the midst of a merger or an acquisition, launching a new product or a new business stream. Or, a stock
could be selling at a discount to its underlying value or simply be out of favour. Each special situation presents an investment
opportunity that could provide potentially significant returns over time. L&T India Special Situations Fund is a fund which looks
for such stocks and companies and invests in them.
Recovery situations Companies that are turning around from a bad performance history
Under-appreciated growth Companies whose growth characteristics have not yet been recognised
Asset plays Companies which sell at a significant discount to their underlying assets
New product or new Companies launching a unique product or using existing resources to
business stream generate a new business stream
Corporate actions Companies that are potential candidates for mergers and acquisitions
or restructuring
For an investor, the fund helps to add style diversification to the portfolio, because of its differentiated theme. The focus is
on delivering alpha over the longer term, and the investor needs to have a minimum investment horizon of 3-5 years.
Key Benefits
Out-of-the ordinary potential: Companies facing special situations often tend to significantly outperform the market
Ideal 'style’ diversifier: A touch of the special if your portfolio has several funds with similar investment styles
Diversified equity fund: 'Go anywhere' approach - no cap, sector or style bias, but a focus on investment opportunities in
special situations
L&T India Special Situations Fund (G) 34.95% 13.17% 18.75% 14.89% 49,561.00
S&P BSE-200 27.24% 8.83% 13.63% 11.55% 35,264.83
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S&P BSE SENSEX 24.37% 4.92% 11.37% 10.50% 31,625.72
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.
2
Standard 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. Past performance may or may not be sustained in the future. 3Point to Point
(PTP) Returns in INR show the value of `10,000/- invested.
The fund managers for the scheme are Mr. S. N. Lahiri and Mr. Karan Desai. The performance (as on 30.11.2017) of all the schemes managed by Mr. S. N. Lahiri
and Mr. Karan Desai is shown below.
CAGR Returns (%) (Period) Since Inception
1 year 3 year 5 year Date of CAGR PTP
Inception of Returns (%) Returns3
the Scheme
Options Growth and Dividend. The Dividend option offers dividend payout and dividend reinvestment facilities.
SIP/SWP/STP Available
*Average assets Data for the quarter ended November 30, 2017
Mutual Fund investments are subject to market risks, read all scheme
related documents carefully. CL05081