Mutual Fund- Master Blaster of Investment League!

By Rahul Pithadia - There are a wide range of investment avenues in India which makes the scenario complicated to choose the best as per individual needs. If we look at the historical data, the markets have given more returns than the government so it is necessary to have equivalent exposure in equity markets along with some debt options which gives cushion to balance the risk associated with equities. However investment options are shortlisted depending upon the risk bearing ability of the individual. The best combination for the same is mentioned below which provides dual benefits.

L&T India Prudence Growth is an open ended scheme launched in January 2011. This belongs to a Balance category as the fund has exposure of 68% to Equity and remaining in debt and Cash / Call instruments. The fund is ranked 1 in Balanced category by Crisil.

L&T India Prudence Growth Fund – daily chart

L&T India Prudence Fund, L&T India Prudence Fund Chart, L&T Mutual Fund, Elliott Wave Analysis, Mutual Funds

Portfolio Analysis: As per the sectoral holdings Banking/Finance have been most favoured sector for this fund as it is contributing nearly 13.47% to the entire portfolio followed by Technology and Pharma Sector.

Top Holdings and Sector Allocation for this fund are shown below:

Top 5 Holdings:

Top holdings of L&T India Prudence Fund

Sector Allocation: Feb 29, 2016 

Sector allocation of L&T India Prudence Fund

Returns as on 15th March , 2016

Returns of L&T India Prudence Fund

Risk Profile: This fund has around 65% exposure to Equity and rest to debt. So this is a well placed fund who wants to take medium risk and given the current market condition it is very well positioned by diversifying risk into Equity & Debt.

Investment Perspective: Corrections will offer good opportunity to ride the next strong uptrend post its completion. It is prudent to invest in this fund in form of SIP to capitalize on the down move as and when it happens. Impulsive move on upside clearly suggests that the long term trend is positive and over short term the correction is probably complete around 17.5 levels. However for lump sum investments we need to wait for the price confirmation which we will get on move above 20.5 levels. Until then it is best to invest in form of SIP and we will highlight it here as soon as strong upside reversal is in near vicinity!

 

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