Report as of 17 Jan 2018

L&T Emerging Business Fund Regular Growth

Morningstar® Category Morningstar® Benchmark Fund Benchmark Morningstar Rating™
Small/Mid-Cap IISL Nifty Free Float Midcap 100 PR INR S&P BSE Smallcap QQQQQ
Used throughout report

Investment Objective Performance

To generate long-term capital appreciation from a
27,000
diversified portfolio of predominantly equity and equity
22,750
related securities, including equity derivatives, in the
Indian markets with key theme focus being emerging 18,500

companies (small cap stocks). The Scheme could also 14,250

additionally invest in Foreign Securities. 10,000

2012   2013   2014   2015   2016   2017-12 

- - - 12.32 10.21 66.50 Fund
- - - 6.46 7.13 47.26 Benchmark
- - - 9.21 5.42 47.90 Category

Risk Measures Trailing Returns % Fund Bmark Cat Quarterly Returns % Q1 Q2 Q3 Q4

3Y Alpha 6.40 3Y Sharpe Ratio 1.23 3 Months 14.12 13.41 11.28 2018 - - - -
3Y Beta 1.07 3Y Std Dev 17.88 6 Months 20.28 16.51 16.35 2017 21.71 12.07 4.80 16.48
3Y R-Squared 82.12 3Y Risk abv avg 1 Year 60.20 39.75 42.04 2016 -10.36 15.32 12.87 -5.54
3Y Info Ratio 1.10 5Y Risk - 3 Years Annualised 26.92 18.28 18.30 2015 3.64 -3.20 5.51 6.11
3Y Tracking Error 7.64 10Y Risk - 5 Years Annualised - - - 2014 - - 6.47 9.71
Calculations use IISL Nifty Free Float Midcap 100 PR INR (where applicable)

Portfolio 31/12/2017

Asset Allocation % Net Equity Style Box™ Mkt Cap % Fund America Europe Asia
Stocks 87.45 Giant 0.00
Large Mid
Size

Bonds 0.00 Large 1.12

Cash 12.54 Medium 54.81
Other 0.02 Small 34.01
Small

Value Blend Growth Micro 10.06

Style
Average Mkt Cap Fund
(Mil)
Ave Mkt Cap INR 54,470.2 <25 25-50 50-75 >75

2
Top Holdings Stock Sector Weightings % Fund World Regions % Fund
Holding Name Sector %
h Cyclical 66.61 Americas 0.00
Ramco Cements Ltd r 2.41 r Basic Materials 24.50 United States 0.00
Carborundum Universal Ltd r 2.19 t Consumer Cyclical 24.24 Canada 0.00
HEG Ltd a 2.17 y Financial Services 12.73 Latin America 0.00
Aarti Industries Ltd r 2.16 u Real Estate 5.14 Greater Europe 0.00
Rane Holdings Ltd t 2.11
j Sensitive 28.39 United Kingdom 0.00
Ipca Laboratories Ltd d 2.01 i Communication Services - Eurozone 0.00
Coromandel International Ltd r 2.00 o Energy 1.16 Europe - ex Euro 0.00
AIA Engineering Ltd p 1.96 p Industrials 21.60 Europe - Emerging 0.00
Lakshmi Machine Works Ltd p 1.96 a Technology 5.63 Africa 0.00
Syndicate Bank y 1.75 Middle East 0.00
k Defensive 5.00
Assets in Top 10 Holdings % 20.73 s Consumer Defensive 1.79 Greater Asia 100.00
Total Number of Equity Holdings 76 d Healthcare 3.22 Japan 0.00
Total Number of Bond Holdings 0 f Utilities - Australasia 0.00
Asia - Developed 0.00
Asia - Emerging 100.00

Operations

Fund Company L&T Investment Share Class Size (mil) - Minimum Initial Purchase 5,000 INR
Management Ltd Domicile India Minimum Additional Purchase 1,000 INR
Phone +91 22 66554000 Currency INR Exit Load 1.00% - 0-1 years
Website www.lntmf.com UCITS - 0.00% - >1 years
Inception Date 12/05/2014 Inc/Acc Acc Expense Ratio 2.24%
Manager Name Karan Desai ISIN INF917K01QC7
Manager Start Date 03/02/2017
NAV (16/01/2018) INR 29.37
Total Net Assets (mil) 35,866.63 INR
(31/12/2017)

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