L&T Mutual Fund

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The L&T mutual fund is a wholly owned subsidiary of L&T Finance Holdings Ltd., which is sponsored by L&T, India’s leading private sector with more than 130 subsidiaries and 15 associate companies. With its headquarter in Mumbai, L&T is well-known for offering a range of services, including financial services, manufactured goods, IT and engineering services. L&T Mutual Fund is one of the leading mutual fund companies in the country.

L&T Mutual Fund – Overview

Ranking amongst some of the best mutual fund companies in India, L&T Mutual Fund leaves no stones unturned to ensure maximum savings and minimum risks for its investors. With its relatively large pool of mutual fund schemes to choose from, L&T mutual fund investment makes sure of providing something for every kind of investor. Registered as a non-banking financial company under RBI, L&T’s Mutual Funds is known for its friendly team of well-trained and knowledgeable investment managers who ensure minimum risk and maximum returns for their investors. All in all, L&T is perhaps one of the best options available for anyone planning to invest in the mutual fund market in India.

Different Types of L&T Mutual Funds

The L&T mutual tax saver fund offers a wide range of mutual fund options to ensure something for investors with different risk appetite. Some of the bestselling and most popular mutual fund options offered by L&T are:

  • L&T Equity Funds – This is an amazing investment option where investors can invest in stocks or equities. L&T equity funds allow investors to invest their money for short, medium or long-term as per their risk appetite. This mutual fund scheme ensures a relatively higher return for the investors as against other mutual fund options. L&T equity funds are best fit for investors who are ready for high-risk and are looking for long-term capital growth.
  • L&T Fixed Income Funds – This is a brilliant mutual fund option that allows investors to ensure a fixed flow of income by investing in bonds or certificates of deposits. This is perhaps the best investment instrument for those with a low-risk appetite and dependent on a regular stream of income.
  • L&T Hybrid Funds – Hybrid Funds are unique mutual fund option offered by L&T. This mutual fund option offers investors access to both equities and debt funds. Investors are required to invest 60% of their funds into equity-based hybrid funds.
  • L&T Funds of Funds – This mutual fund option by L&T allows users to invest in other mutual funds. This helps investors ensure diversification in their investment portfolio.

Why Should You Choose L&T Mutual Funds?

L&T Mutual Fund Scheme is one of the best ways to ensure lower risk and higher returns on your investments. L&T offers a wide portfolio of products for investors with both high and low-risk appetite. L&T makes sure of providing something for every sort of investor. In case, you’re wondering why you should choose to invest in L&T tax saver mutual funds, check out these tempting reasons to know why:

  • L&T mutual fund’s Dividend Transfer Plan (DTP) makes it one of the best investment options available for investors today. This feature helps investor transfer their dividends to a different open-ended scheme.
  • The company makes it easy for investors to apply for these mutual funds both online and offline.
  • The company ensures minimum risk for the investors with low-cost funds.
  • It ensures maximum savings and high returns for investors with multi-scheme SIPs.
  • L&T’s top-up SIP feature is yet another feature that makes investors make maximum bangs for their bucks. This feature allows investors to start SIP in any scheme and subsequently increase the installment once or twice a year.

L & T Mutual Fund to resume transactions in emerging businesses scheme 

L&T Mutual Fund is one of the best asset management companies in India.  L&T means Larsen & Toubro Finance Holdings Limited and its subsidiary companies. It was incorporated by Larsen & Toubro Limited (“L&T”) on May 1, 2008, with the strategic intent of holding all the investments of the L&T Group in the financial services businesses. It was registered as a non-banking financial institution without accepting public deposits under Section 45-IA of the Reserve Bank of India Act, 1934. L&T Finance Holdings Limited through its subsidiaries is into the business among others distribution of insurance and mutual fund products. L&T Finance Holdings Limited has sponsored L&T Investment Management. 

The ethos of L&T Mutual Fund:    

The company aims to deliver superior performance by offering best mutual funds to its customers. The company believes in following a disciplined approach to investment and risk management. Through GEM embellished with enough checks and balances, they ensure robust monitoring of mutual funds investment.

  • Generation of Ideas: New ideas are constantly identified by a team of analysts and fund managers at L&T Mutual Fund exploring the various options for investing in broad spectrum equity.
  • Evaluation of companies: At L&T Mutual Fund different features such as liquidity, market capitalization ownership, and other parameters help identify opportunities. Thorough analysis underpins the evaluation framework for identifying issuers and instruments for fixed income portfolios.
  • Manufacturing or Monitoring of portfolios: The fund manager at L&T Mutual Fund picks those that have the most potential among all the generated ideas that are evaluated.

L & T Mutual Fund Products:

The L&T Mutual fund boasts a wide range of products in a broad spectrum to enable you to build a diversified portfolio matching your preferences and financial goals, commensurate with your risk appetite.

Equity Funds:

These funds carry high risk yet give high returns that help your money to grow. The different variants are: 

L&T Focused Equity Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: NA
  • NAV: 13 as on 16th Nov 2018
  • Fund Risk: Moderately High
  • Scheme Classification: An open-ended scheme dealing mainly in stocks
  • Fund Objective: The intent of the scheme’s investment is to ensure capital growth by acquiring stocks and share related instruments of 30 stocks at the most.
  • Inception date: 15th October 2018 

L&T Equity Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 2569 crores
  • NAV: 59 as on 16th Nov 2018
  • Fund Risk: Moderately High
  • Scheme Classification: An open-ended equity scheme
  • Fund Objective: To engender long-term capital growth from a diversified portfolio of predominantly stock and stock-related securities.
  • Inception date: 16th May 2005 

L&T Large and MidCap Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 1309 crores
  • NAV: 45.45 as on 16th Nov 2018
  • Fund Risk: Moderately High
  • Scheme Classification: An open-ended equity scheme
  • Fund Objective: To engender long-term capital growth from a diversified portfolio of equity and equity-related securities with a minimum allocation of at least 35 percent each to large cap and mid-cap
  • Inception date: 22nd May 2006 

L&T Business Cycles Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 763 crores
  • NAV: 14.56 as on 16th Nov 2018
  • Fund Risk: High
  • Scheme Classification: An open-ended equity scheme
  • Fund Objective: To seek to engender a capital appreciation of a long-term from a portfolio of equity and equity-related securities, including derivatives.
  • Inception date: 20th August 2014 

L&T India Large Cap Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 410 crores
  • NAV: 25.35 as on 16th Nov, 2018
  • Fund Risk: Moderately High
  • Scheme Classification: An open ended equity scheme
  • Fund Objective: To seek to engender a capital appreciation of a long-term from a portfolio of equity and equity-related securities, including derivatives.
  • Inception date: 12rd October 2007 

L&T Midcap Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 3200 crores
  • NAV: 130.81 as on 16th Nov 2018
  • Fund Risk: High
  • Scheme Classification: An open-ended equity scheme
  • Fund Objective: To capital appreciation of a long-term primarily in midcap stocks.
  • Inception date: 9th August 2004 

L&T India Value Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 7638 crores
  • NAV: 34.39 as on 16th Nov 2018
  • Fund Risk: Moderately High
  • Scheme Classification: An open-ended equity scheme
  • Fund Objective: To create a capital appreciation of a long-term from a diversified portfolio of equity and related securities
  • Inception date: 8th January 2010 

L&T Tax Advantage Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 3176 crores
  • NAV: 53.36 as on 16th Nov 2018
  • Fund Risk: Moderately High
  • Scheme Classification: An open-ended equity scheme
  • Fund Objective: To produce a capital appreciation of a long-term from a diversified portfolio of equity and related securities
  • Inception date: 27th February 2006 

L&T Infrastructure Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 1875 crores
  • NAV: 15.90 as on 16th Nov 2018
  • Fund Risk: High
  • Scheme Classification: An open-ended equity scheme
  • Fund Objective: To engender a capital appreciation of a long-term from a diversified portfolio of equity and related securities of companies in the infrastructure sector
  • Inception date: 27th September 2007 

L&T Long Term Advantage Fund I:

  • Fund House: L&T Mutual Fund
  • Fund size: 1crore
  • NAV: 48.55 as on 16th Nov 2018
  • Fund Risk: High
  • Scheme Classification: An open-ended equity growth scheme
  • Fund Objective: To engender a capital appreciation of a long-term from a diversified portfolio of predominantly equity and related securities get income tax rebate as per the prevailing Tax Laws for ELSS
  • Inception date: 27th March 2009 

Fixed Income Funds by L&T: 

  • Fund House: L&T Mutual Fund
  • Fund size: 680 crore
  • NAV: 1392.93 as on 16th Nov 2018
  • Fund Risk: Low
  • Scheme Classification: An open-ended debt scheme
  • Fund Objective: To engender regular returns in line with overnight
  • Inception date: 27th September 2006 

Resurgent India Bond Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 2213 crores
  • NAV: 13.10 as on 16th Nov 2018
  • Fund Risk: Moderate
  • Scheme Classification: An open-ended medium-term debt scheme
  • Fund Objective: To engender income through debt and money market securities
  • Inception date: 2nd February 2015 

Liquid Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 9002 crores
  • NAV: 2485.73 as on 16th Nov 2018
  • Fund Risk: Low
  • Scheme Classification: An open-ended liquid fund scheme
  • Fund Objective: To engender reasonable returns with superior liquidity
  • Inception date: 3rd October 2006 

Ultra Short Term Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 1513 crores
  • NAV: 29.57 as on 16th Nov 2018
  • Fund Risk: Moderately Low
  • Scheme Classification: An open-ended short debt scheme
  • Fund Objective: To engender reasonable and stable income with liquidity
  • Inception date: 27th November 1997 

Low Duration Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 1309 crores
  • NAV: 19.34 as on 16th Nov 2018
  • Fund Risk: Moderate
  • Scheme Classification: An open-ended low duration debt scheme
  • Fund Objective: To engender reasonable returns through fixed income securities
  • Inception date: 4th December 2010 

Banking and PSU Debt Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 156 crores
  • NAV: 15.89 as on 16th Nov 2018
  • Fund Risk: Moderate
  • Scheme Classification: An open-ended debt scheme
  • Fund Objective: To engender reasonable returns through debt instruments of public sector institutions
  • Inception date: 12th September 2012 

Credit Risk Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 3754 crores
  • NAV: 20.39 as on 16th Nov 2018
  • Fund Risk: Moderate
  • Scheme Classification: An open-ended debt scheme
  • Fund Objective: To engender regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds through debt instruments of public sector institutions
  • Inception date: 8th October 2009 

Short-Term Bond Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 2589 crores
  • NAV: NA as on 16th Nov 2018
  • Fund Risk: Moderately low
  • Scheme Classification: An open-ended short-term debt scheme
  • Fund Objective: To engender regular returns and capital appreciation by investing through debt government instruments
  • Inception date: 27th December 2011 

Money Market Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 1147 crores
  • NAV: 17.90 as on 16th Nov 2018
  • Fund Risk: Moderately low
  • Scheme Classification: An open-ended debt scheme
  • Fund Objective: To produce regular income through investment in a portfolio comprising substantially of money market instruments
  • Inception date: 10th August 2005 

Gilt Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 130 crores
  • NAV: 43.75 as on 16th Nov 2018
  • Fund Risk: Moderate
  • Scheme Classification: An open-ended debt scheme
  • Fund Objective: To engender returns through investments in Government Securities
  • Inception date: 29th March 2000 

Triple Ace Bond Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 365 crores
  • NAV: 44.15 as on 16th Nov 2018
  • Fund Risk: Moderate
  • Scheme Classification: An open-ended debt scheme
  • Fund Objective: To engender regular returns through investments in AA+ and above-rated debt and money market instruments
  • Inception date: NA 

Flexi Bond Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 54 crores
  • NAV: 19.00 as on 16th Nov 2018
  • Fund Risk: Moderate
  • Scheme Classification: An open-ended dynamic debt scheme
  • Fund Objective: To engender regular returns through a diversified portfolio of fixed income securities.
  • Inception date: 27th September 2010 

Hybrid Equity Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 9974 crores
  • NAV: 25.33 as on 16th Nov 2018
  • Fund Risk: Moderately high
  • Scheme Classification: An open-ended hybrid scheme
  • Fund Objective: To engender a capital appreciation of a long-term from a diversified portfolio
  • Inception date: 7th February 2011 

Conservative Hybrid Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 43 crores
  • NAV: 33.25 as on 16th Nov 2018
  • Fund Risk: Moderate
  • Scheme Classification: An open-ended hybrid scheme
  • Fund Objective: To engender regular income through investments in a range of Debt, Equity and Money Market Instruments
  • Inception date: 31 July, 2003 

Dynamic Equity Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 545 crores
  • NAV: 23.31 as on 16th Nov, 2018
  • Fund Risk: Moderately high
  • Scheme Classification: An open-ended dynamic asset allocation scheme
  • Fund Objective: To engender a capital appreciation of a long-term from a diversified portfolio
  • Inception date: 7th February 2011 

Arbitrage Opportunities Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 875 crores
  • NAV: 13.29 as on 16th Nov 2018
  • Fund Risk: Moderately low
  • Scheme Classification: An open-ended arbitrage opportunities scheme
  • Fund Objective: To engender reasonable returns by predominantly investing in arbitrage opportunities
  • Inception date: 30th June 2014 

Equity Savings Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 216 crores
  • NAV: 17.13 as on 16th Nov 2018
  • Fund Risk: Moderately high
  • Scheme Classification: An open-ended scheme investing in equity, arbitrage and debt
  • Fund Objective: To engender regular income by predominantly investing in arbitrage opportunities
  • Inception date: 18th October 2011 

Resumption of L& T Emerging Businesses Scheme: 

In November 2017, the fund house had temporarily suspended transactions in the scheme including new switch-ins, systematic investment, and transfer plans amounting to over Rs 200,000 per installment.

L&T Mutual Fund, which is known to offer best mutual funds to the investors, is now focusing on accepting fresh subscriptions. It will include new switch-ins, systematic investment, and transfer plans, in L&T Emerging Businesses Fund with effect September 3, 2018. Let us now see the highlights of this scheme. 

Key Features of L & T Emerging Business Scheme:

L&T Emerging Businesses Fund:

  • Fund House: L&T Mutual Fund
  • Fund size: 5164 Crores
  • NAV: 33 as on 16th Nov 2018
  • Fund Risk: High
  • Scheme Classification: An open-ended equity scheme predominantly investing in small-cap stocks
  • Fund Objective: The scheme aims to engender long-term capital appreciation from a diverse portfolio of predominantly equity and its related securities along with derivatives of equity. In the Indian markets, the key theme is focused on emerging companies which boils down to small-cap Entities in the early stage of development but have the potential to increase their revenues and profits at a faster rate as compared to broader market are referred to as Emerging companies. Additionally, investment in Foreign Securities is also explored.
  • Options:
    • Growth
    • Dividend:
    • Pay out
    • Reinvestment
  • Inception date: 13th May 2014

Bottom Line:

L&T Mutual Fund carries the legacy of over seven decades and two decades in the financial services of the brand L & T. Their consistent track record since 1946 and a household name in the industry pantheon of the country give L & T Mutual Fund the reputation to bank upon. The values of the principal reflected in the values based on integrity, transparency, professionalism, and accountability is the value system that the AMC shoulders. This is the legacy that adds muscle to L & T Mutual Fund.