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L&T Mutual Fund

NAV Date 24-04-2019
Fund Name Category NAV NAV Change 1 year %
L&T Cash Fund(DD)-Direct Plan Debt - Liquid 1023.3 0.0000 04.50
L&T Cash Fund(G)-Direct Plan Debt - Liquid 1486.36 0.2429 06.30
L&T Cash Fund(MD)-Direct Plan Debt - Liquid 1066.27 0.1742 04.63
L&T Cash Fund(WD)-Direct Plan Debt - Liquid 1001.75 0.1635 04.50
L&T Cash Fund-Reg(DD) Debt - Liquid 1023.3 0.0000 03.92
L&T Cash Fund-Reg(G) Debt - Liquid 1426.82 0.2056 05.49
L&T Cash Fund-Reg(MD) Debt - Liquid 1022.39 0.1473 03.79
L&T Cash Fund-Reg(WD) Debt - Liquid 1000.32 0.1441 03.93
L&T Conservative Hybrid Fund(G)-Direct Plan Hybrid - MIP 36.12 0.1414 05.05
L&T Conservative Hybrid Fund-Reg(G) Hybrid - MIP 34.55 0.1346 04.29
L&T Dynamic Equity Fund(G)-Direct Plan Hybrid - Equity Oriented 25.78 0.0690 04.93
L&T Equity Fund(D)-Direct Plan Equity - Multi Cap 34.19 0.3260 -03.83
L&T Equity Fund(DP)-Direct Plan Equity - Multi Cap 34.19 0.3260 -03.83
L&T Equity Fund(G)-Direct Plan Equity - Multi Cap 85.7 0.8180 -03.03
L&T Equity Fund-Reg(D) Equity - Multi Cap 30.05 0.2860 -04.66
L&T Equity Fund-Reg(DP) Equity - Multi Cap 30.05 0.2860 -04.66
L&T Equity Fund-Reg(G) Equity - Multi Cap 82.05 0.7810 -03.76
L&T Gilt Fund(G)-Direct Plan Debt - Gilt Medium and Long Term 48.34 0.1027 08.08
L&T Gilt Fund-Reg(G) Debt - Gilt Medium and Long Term 45.43 0.0950 06.68
L&T Hybrid Equity Fund(G)-Direct Plan Hybrid - Equity Oriented 27.83 0.2090 -01.28
L&T Hybrid Equity Fund-Reg(G) Hybrid - Equity Oriented 26.12 0.1960 -02.28
L&T India Large Cap Fund(G)-Direct Plan Equity - Large Cap 28.53 0.3580 02.98
L&T India Large Cap Fund-Reg(G) Equity - Large Cap 27.27 0.3410 02.14
L&T India Value Fund(D)-Direct Plan Equity - Multi Cap 28.43 0.2270 -06.44
L&T India Value Fund(DP)-Direct Plan Equity - Multi Cap 28.43 0.2270 -06.44
L&T India Value Fund(G)-Direct Plan Equity - Multi Cap 37.65 0.3000 -05.93
L&T India Value Fund-Reg(G) Equity - Multi Cap 35.82 0.2850 -06.80
L&T Large and Midcap Fund(D)-Direct Plan Equity - Multi Cap 28.21 0.0720 -09.00
L&T Large and Midcap Fund(DP)-Direct Plan Equity - Multi Cap 28.21 0.0720 -09.00
L&T Large and Midcap Fund(G)-Direct Plan Equity - Multi Cap 49.11 0.2910 -08.15
L&T Large and Midcap Fund-Reg(G) Equity - Multi Cap 46.89 0.2760 -08.90
L&T Liquid Fund(DD) Debt - Liquid 1011.78 0.0000 05.34
L&T Liquid Fund(DD)-Direct Plan Debt - Liquid 1012.95 0.0000 05.38
L&T Liquid Fund(G) Debt - Liquid 2565.5 0.4797 07.49
L&T Liquid Fund(WD) Debt - Liquid 1002.07 0.1873 05.35
L&T Liquid Fund(WD)-Direct Plan Debt - Liquid 1000.82 0.1885 05.38
L&T Midcap Fund(D)-Direct Plan Equity - Mid Cap 45.19 0.1000 -09.90
L&T Midcap Fund(G)-Direct Plan Equity - Mid Cap 140.31 0.3000 -09.11
L&T Midcap Fund-Reg(D) Equity - Mid Cap 42.37 0.0900 -10.86
L&T Midcap Fund-Reg(G) Equity - Mid Cap 133.1 0.2800 -10.01
L&T Tax Advt Fund(D)-Direct Plan Equity - Tax Saving 25.62 0.1550 -07.01
L&T Tax Advt Fund(DP)-Direct Plan Equity - Tax Saving 25.62 0.1550 -07.01
L&T Tax Advt Fund(G)-Direct Plan Equity - Tax Saving 55.78 0.3380 -06.08
L&T Tax Advt Fund-Reg(G) Equity - Tax Saving 53.52 0.3230 -06.66
L&T Triple Ace Bond Fund(G)-Direct Plan Debt - Income 48.02 0.1272 06.58
L&T Triple Ace Bond Fund-Reg(G) Debt - Income 46.03 0.1215 06.28
L&T Ultra ST-Reg(B) Debt - Ultra Short Term 29.49 0.0020 07.69
L&T Ultra ST-Reg(G) Debt - Ultra Short Term 29.49 0.0020 07.69
L&T Ultra Short Term Fund(G) Debt - Ultra Short Term 30.64 0.0021 07.69
L&T Ultra Short Term Fund(G)-Direct Plan Debt - Ultra Short Term 31.26 0.0019 08.04
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Larsen & Toubro Limited (L&T) is one of the largest multinational firms in the world. Its business dealings span fields such as construction, engineering, IT, and financial services. The company was founded in India in the late 1930s by Danish engineers Søren Kristian Toubro and Henning Holck-Larsen. Nearly 8 decades later, L&T runs its operations in over 30 countries across the globe. Some of the key aspects that govern the operations at L&T are sustainability, corporate governance, and high levels of professionalism. With reference to its financial services, L&T focuses on delivering long-term risk-adjusted performance to its customers.

Types of Mutual Funds Offered by L&T

The following are the types of mutual funds that L&T offers its investors:

  • Equity funds
  • Fixed income funds
  • Hybrid funds
  • Fixed maturity plans

L&T Equity Funds

The following are the equity funds offered by L&T:

  1. L&T Emerging Businesses Fund
  2. Fund Type

    Open-ended equity scheme

    Entry Load

    N/A

    Exit Load

    • 1% of the NAV is applicable for units that are redeemed within the first year of purchase or allotment.
    • When investors switch between schemes, no exit load is charged.
    • Withdrawals or switches made under SWP may attract exit load charges much like any other redemption.
    • Exit load is not charged when units are allotted due to reinvestment of dividends or bonuses.

    Benchmark

    S&P BSE Small Cap TRI Index

    Fund Manager

    S.N Lahiri and Karan Desai

    Risk Factor

    High

    Investment Objective of L&T Emerging Businesses Fund

    The L&T Emerging Businesses Fund focuses on making equity investments in businesses that are still in its early stages and have the scope of achieving high revenue and profits in the future.

    Who is the L&T Emerging Businesses Fund for?

    This type of fund is best suited for individuals looking for long-term capital appreciation through diversified small-cap equity stocks with a specific focus on emerging companies.

  3. L&T Equity Fund
  4. Fund Type

    Open-ended equity scheme

    Entry Load

    N/A

    Exit Load

    • 1.00% of the NAV is applicable for units that are redeemed within the first year from the date the units were allotted.
    • Exit load is not charged when investors switch between the options in the scheme.
    • Withdrawals or switches made under SWP are charged similar to the exit load charged on redemption.
    • Units that are switched or transferred within the scheme and later redeemed to determine the exit load will have the initial allotment date as the date of purchase.

    Benchmark

    S&P BSE 500 TRI Index

    Fund Manager

    S.N Lahiri and Karan Desai

    Risk Factor

    Moderately high

    Investment Objective of L&T Equity Fund

    The objective of the L&T equity fund is to generate long-term capital growth by means of a diversified portfolio that comprises largely of equity and equity-related services.

    Who is the L&T Equity Fund for?

    The L&T equity fund is for investors looking for long-term capital growth by investing across small-cap, mid-cap, and large-cap stocks.

  5. L&T Large and Midcap Fund (Formerly known as L&T India Special Situations Fund)
  6. Fund Type

    Open-ended equity scheme

    Entry Load

    N/A

    Exit Load

    • Units that are redeemed within the first year from the date of allotment will have 1.00% of the NAV charged as the exit load.
    • Exit load is not applicable when an investor switches between scheme options.
    • Exit load charges for withdrawals or switches made under SWP are charged similar to those charged on redemption.
    • Exit load is not applicable in instances where units are issued as a dividend reinvestment or allotment of a bonus.

    Benchmark

    S&P BSE 200 TRI Index

    Fund Manager

    S.N Lahiri and Karan Desai

    Risk Factor

    Moderately high

    Investment Objective of L&T Large and Midcap Fund

    The objective of the L&T Large and Midcap Fund is to generate long-term capital growth primarily through investment in equity and equity-related securities.

    Who is the L&T Equity Fund Large and Midcap Fund for?

    Investors who are looking to create long-term capital growth through a diversified portfolio that comprises primarily of equity securities are ideal for the Large and Midcap Fund. The focus is predominantly on investing a minimum of 35% in mid cap and large cap funds.

  7. L&T Business Cycles Fund
  8. Fund Type

    Open-ended equity scheme

    Entry Load

    N/A

    Exit Load

    • Redemption of units made within 18 months from the date of allotment will have 1.00% of the NAV charged as the exit load.
    • There is no exit load charged when investors switch between scheme options.
    • Switches made under SWP are charged similar to those charged on redemption.
    • In instances where units are issued as a dividend reinvestment or allotment of a bonus does not attract an exit load charge.

    Benchmark

    S&P BSE 200 TRI Index

    Fund Manager

    Venugopal Manghat and Karan Desai

    Risk Factor

    Moderately high

    Investment Objective of L&T Business Cycles Fund

    The objective of the L&T Business Cycles Fund is to generate long-term capital appreciation predominantly through investment in equity and equity-related securities. The focus of the investment is largely based on business cycles and allocation of stocks among various sectors at different stages.

    Who is the L&T Business Cycles Fund for?

    The L&T Business Cycles Fund is suitable for investors who are looking at generating long-term capital appreciation in the Indian market by focusing their investment on equity and equity-related schemes.

  9. L&T India Large Cap Fund
  10. Fund Type

    Open-ended equity scheme

    Entry Load

    N/A

    Exit Load

    • Redemption or purchase of units made within the first year from the date of allotment will incur 1% of the NAV as the exit load.
    • Similar charges apply to switches made under SWP.
    • No exit load is charged after for redemption or purchase after the first year.
    • Exit load is not charged when an investor switches between options.
    • Exit load is not charged when purchases or redemptions are made as a result of dividend reinvestment or units issued as part of a bonus.

    Benchmark

    S&P BSE 100 TRI Index

    Fund Manager

    Venugopal Manghat and Karan Desai

    Risk Factor

    Moderately high

    Investment Objective of L&T India Large Cap Fund

    The objective of the L&T India Large Cap Fund is to generate long-term capital appreciation by investing in the Indian market. The investment is made predominantly in equity and equity-related securities with a focus on large-cap stocks.

    Who is the L&T India Large Cap Fund for?

    This fund is best suited for investors who are looking at generating long-term capital appreciation in the Indian market by focusing their investment on large-cap equity and equity-related securities.

  11. L&T Midcap Fund
  12. Fund Type

    Open-ended equity scheme

    Entry Load

    N/A

    Exit Load

    • 1.00% of the NAV is applicable as the exit load for any purchase or redemption of units made within the first year from the date of allotment.
    • No charges are incurred for redemption or purchase after the first year.
    • Units issued on reinvestment or as a bonus do not attract any exit load charges.

    Benchmark

    Nifty Midcap 100 TRI Index

    Fund Manager

    S.N. Lahiri and Vihang Naik

    Risk Factor

    High

    Investment Objective of L&T Midcap Fund

    The objective of the L&T Midcap Fund is to create capital appreciation by making investments primarily in midcap funds.

    Who is the L&T Midcap Fund for?

    This fund is best suited for investors who are looking to earn capital appreciation by making investments in mid-cap equity and equity-related securities.

  13. L&T India Value Fund
  14. Fund Type

    Open-ended equity scheme

    Entry Load

    N/A

    Exit Load

    • Purchase or allotment made within the first year incurs a 1% of NAV.
    • Redemption or purchase after the first year does not attract any charges.
    • No exit load charges are incurred for switching between scheme options.
    • Units allotted by means of dividends and bonuses do not incur any exit load charges.

    Benchmark

    S&P BSE 200 TRI Index

    Fund Manager

    Venugopal Manghat and Karan Desai

    Risk Factor

    Moderately high

    Investment Objective of L&T India Value Fund

    The objective of the L&T India Value Fund is to create a long-term capital appreciation through means of a diversified portfolio that comprises primarily of equity and equity-related schemes.

    Who is the L&T India Value Fund for?

    The L&T India Value Fund is ideal for investors looking at long-term capital appreciation through investments mainly in undervalued securities in the Indian markets and international securities.

  15. L&T Tax Advantage Fund I
  16. Fund Type

    Open-ended equity linked savings scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    S&P BSE 200 TRI Index

    Fund Manager

    S.N. Lahiri

    Risk Factor

    Moderately high

    Investment Objective of the L&T Tax Advantage Fund I

    The objective of the L&T Tax Advantage Fund I is to create long-term capital growth from a diversified portfolio that primarily consists of equity and equity-related schemes.

    Who is the L&T Tax Advantage Fund I for?

    The L&T Tax Advantage Fund I is ideal for investors looking at long-term capital growth and tax benefits by investing in equity-linked savings schemes.

Fixed income fund

The following are the Fixed Income Funds offered by L&T:

  1. L&T Cash Fund
  2. Fund Type

    Open-ended medium-term debt scheme

    Entry Load

    N/A

    Exit Load

    • If an exit load is introduced by the asset management company, the charges will be applicable in cases where a withdrawal or switch out is made under the SWP or if transfers are made under the STP. The exit load charged would be similar to that charged on redemption.
    • Switches made between schemes do not attract any exit load charges.
    • Units allotted by means of dividend reinvestments and bonuses do not have any exit load charges.

    Benchmark

    CRISIL Liquid Fund Index

    Fund Manager

    Jalpan Shah and Shriram Ramanathan

    Risk Factor

    Low

    Investment Objective of the L&T Cash Fund

    The objective of the L&T Cash Fund is to create regular returns corresponding to the overnight rates.

    Who is the L&T Cash Fund for?

    This fund is suitable for individuals who are looking for liquidity in the short term through low-volatility funds. The investments are made in money market and debt instruments that mature overnight.

  3. L&T Resurgent India Bond Fund (Formerly known as L&T Resurgent India Corporate Bond Fund)
  4. Fund Type

    Open-ended medium-term debt scheme

    Entry Load

    N/A

    Exit Load

    • 2% of the NAV is charged as exit load for withdrawal made within the first year from the date of purchase or allotment.
    • 1% of the NAV is charged as exit load when withdrawal is made after 1 year but within less than 2 years before the date of allotment.
    • No exit load is charged after 2 years from when the units are allotted.

    Benchmark

    CRISIL Composite Bond Fund Index

    Fund Manager

    Shriram Ramanathan and Vikas Garg

    Risk Factor

    Moderate

    Investment Objective of the L&T Resurgent India Bond Fund

    The objective of the L&T Resurgent India Bond Fund is to generate income through investments made predominantly in money market securities and debt securities.

    Who is the L&T Resurgent India Bond Fund for?

    The L&T Resurgent India Bond Fund is best suited for investors who are looking to gain a regular source of income over a medium term via debt and money market securities.

  5. L&T Liquid Fund
  6. Fund Type

    Open-ended liquid fund

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Liquid Fund Index

    Fund Manager

    Shriram Ramanathan and Jalpan Shah

    Risk Factor

    Low

    Investment Objective of the L&T Liquid Fund

    The objective of the L&T Liquid Fund is to provide investors with exceptional liquidity through investments in a diversified highly liquid portfolio.

    Who is the L&T Liquid Fund for?

    The L&T Liquid Fund is best suited for investors who are looking to generate acceptable returns through investments that are secure and provide liquidity in the short term. The investment is made primarily in instruments such as corporate debt, government securities, and money market securities.

  7. L&T Ultra Short Term Fund
  8. Fund Type

    Open-ended ultra short debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Liquid Fund Index

    Fund Manager

    Jalpan Shah and Vikas Garg

    Risk Factor

    Moderately low

    Investment Objective of the L&T Ultra Short Term Fund

    The objective of the L&T Ultra Short Term Fund is to help investors gain stable income and liquidity. This is achieved through a diversified investment portfolio.

    Who is the L&T Ultra Short Term Fund for?

    The L&T Ultra Short Term Fund is most suitable for investors who are looking for liquidity in the short term. Investments are made primarily in government securities, money market securities, and corporate debt instruments.

  9. L&T Low Duration Fund (Formerly known as L&T Short Term Income Fund)
  10. Fund Type

    Open-ended low duration debt scheme

    Entry Load

    N/A

    Exit Load

    • There is no exit load charged if the number of units switched out or redeemed is up to 10% of the units initially purchased. This waiver on the exit load charge is applicable only if the switch-out is made within 9 months from when the units are allotted.
    • A 1% NAV is applicable in cases where switch-out or redemption is made 9 months after the units are allotted and are beyond the 10% limit.
    • Units redeemed or switched out after 9 months does not attract an exit load charge.
    • Switches made between the scheme options do not attract exit load charges.

    Benchmark

    CRISIL Short Term Bond Fund Index

    Fund Manager

    Shriram Ramanathan and Vikas Garg

    Risk Factor

    Moderate

    Investment Objective of the L&T Low Duration Fund

    The objective of the L&T Low Duration Fund is to create substantial returns from investments made in fixed income securities. However, there is no assurance that the scheme would bring guaranteed returns.

    Who is the L&T Low Duration Fund for?

    The L&T Low Duration Fund is best suited for investors who are looking to earn reasonable returns over a short to medium term. Investments are made in money market instruments and fixed income securities.

  11. L&T Banking and PSU Debt Fund
  12. Fund Type

    Open-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Short Term Bond Fund Index

    Fund Manager

    Shriram Ramanathan and Jalpan Shah

    Risk Factor

    Moderate

    Investment Objective of the L&T PSU Debt Fund

    The objective of the L&T PSU Debt Fund is to create substantial returns from investments made in debt instruments issued by banks, Public Financial Institutions, and Public Sector Undertakings.

    Who is the L&T PSU Debt Fund for?

    The L&T PSU Debt Fund is best suited for investors who are looking for liquidity in the short term.

    L&T Credit Risk Fund (Formerly known as L&T Income Opportunities Fund)

    Fund Type

    Open-ended debt scheme

    Entry Load

    N/A

    Exit Load

    • If the units redeemed or switched out within the first year from the date of allotment are up to 10% of the units initially allotted, no exit load is charged.
    • 1% of the NAV is charged as the exit load when the units are switched out or redeemed above the 10% limit within the first year.
    • Units redeemed after the first year do not carry any exit load charges.
    • Units issued on account of bonuses received or through reinvestment of dividends do not carry any exit load charges.

    Benchmark

    CRISIL Short Term Bond Fund Index

    Fund Manager

    Shriram Ramanathan and Vikas Garg

    Risk Factor

    Moderate

    Investment Objective of the L&T Credit Risk Fund

    The objective of the L&T Credit Risk Fund is to create routine returns and capital appreciation through investments made in government securities, AA and low rated corporate bonds, money market instruments, and debt.

    Who is the L&T Credit Risk Fund for?

    The L&T Credit Risk Fund is suitable for those looking to generate capital appreciation and reasonable returns in the medium to long term. This is attained by making investments mostly in debt instruments, money market, and government securities.

  13. L&T Short Term Bond Fund (Formerly Known as L&T Short Term Opportunities Fund)
  14. Fund Type

    Open-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Short Term Bond Fund Index

    Fund Manager

    Shriram Ramanathan and Jalpan Shah

    Risk Factor

    Moderately low

    Investment Objective of the L&T Short Term Bond Fund

    The objective of the L&T Short Term Bond Fund is to create capital appreciation through investments made in money market securities, debt instruments, and government securities.

    Who is the L&T Short Term Bond Fund for?

    The L&T Short Term Bond Fund is suitable for those looking to generate capital appreciation in the short term through investments in fixed income securities with a short maturity.

  15. L&T Money Market Fund (Formerly known as L&T Floating Rate Fund)
  16. Fund Type

    Open-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Liquid Fund Index

    Fund Manager

    Vikas Garg and Jalpan Shah

    Risk Factor

    Moderately Low

    Investment Objective of the L&T Money Market Fund

    The objective of the L&T Money Market Fund is to create a source of regular income through investments made predominantly in money market instruments.

    Who is the L&T Money Market Fund for?The L&T Short Term Bond Fund is best suited for those investors who are looking to earn a regular source of income via investments in money market instruments over a short to medium term.

  17. L&T Gilt Fund
  18. Fund Type

    Open-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    I-Sec Composite Index

    Fund Manager

    Jalpan Shah and Shriram Ramanathan

    Risk Factor

    Moderate

    Investment Objective of the L&T Gilt Fund

    The objective of the L&T Gilt Fund is to create returns from investments made in government securities.

    Who is the L&T Money Market Fund for?The L&T Gilt Fund is most suitable for those investors who are looking for reasonable returns in the medium to long term from an investment portfolio that comprises mainly of government securities.

  19. L&T Triple Ace Bond Fund
  20. Fund Type

    Open-ended debt scheme

    Entry Load

    N/A

    Exit Load

    • Withdrawals made under SWP and transfers made under STP incur the same exit load charges as those that are applicable to redemptions made under the Contingent Deferred Sales Charge (CDSC).
    • Switches made between alternatives of the schemes do not incur any exit load charges.
    • Units allotted due to reinvestment of dividends or bonuses do not carry any exit load charges.

    Benchmark

    CRISIL Composite Bond Fund Index

    Fund Manager

    Jalpan Shah and Shriram Ramanathan

    Risk Factor

    Moderate

    Investment Objective of the L&T Triple Ace Bond Fund

    The objective of the L&T Triple Ace Bond Fund is to generate returns through investments made primarily in AA+ and above rated money market instruments and debt instruments.

    Who is the L&T Triple Ace Bond Fund for?The L&T Triple Ace Bond Fund is best suited for investors looking to gain reasonable returns at regular intervals in the medium to long term. The investment is made primarily in money market instruments and corporate bonds that are rated AA+ and above.

  21. L&T Flexi Bond Fund
  22. Fund Type

    Open-ended dynamic debt scheme

    Entry Load

    N/A

    Exit Load

    • 0.5% of the NAV is charged as the exit load in cases where the investors exit the scheme within the first year of the allotment or purchase of the units.
    • No exit load is charged if the switch is made after completion of the first year.

    Benchmark

    CRISIL Composite Bond Fund Index

    Fund Manager

    Jalpan Shah and Shriram Ramanathan

    Risk Factor

    Moderate

    Investment Objective of the L&T Flexi Bond Fund

    The objective of the L&T Flexi Bond Fund is to generate returns through investments in a diversified portfolio consisting of fixed income securities.

    Who is the L&T Triple Ace Bond Fund for?The L&T Flexi Bond Fund is best suited for investors looking to gain reasonable returns in the medium to long term. The investment is made primarily in fixed income securities.

Hybrid Funds

The following are the types of hybrid funds offered by L&T:

  1. L&T Hybrid Equity Fund
  2. Fund Type

    Open-ended hybrid scheme

    Entry Load

    N/A

    Exit Load

    • Units that are switched out within the first year and that do not exceed the 10% limit of the units initially allotted do not incur any exit load charges.
    • Units that are switched out beyond the 10% limit within the first year of the date of allotment is subject to 1% of the NAV as the exit load charge.

    Benchmark

    70% - S&P BSE 200 TRI Index + 30% CRISIL Short Term Bond Fund Index

    Fund Manager

    S.N. Lahiri, Sriram Ramanathan, and Karan Desai

    Risk Factor

    Moderately High

    Investment Objective of the L&T Hybrid Equity Fund

    The objective of the L&T Hybrid Equity Fund is to create long-term capital appreciation through investing in a diversified portfolio. The investment is made primarily in equity and equity related instruments. Additionally, investments are also made to create reasonable returns through investments made in money market and debt instruments.

    Who is the L&T Hybrid Equity Fund for?The L&T Hybrid Equity Fund is best suited for investors who are looking to invest in money market and debt instruments and equity and equity related schemes in order to generate reasonable returns.

  3. L&T Conservative Hybrid Fund
  4. Fund Type

    Open-ended hybrid scheme

    Entry Load

    N/A

    Exit Load

    • If the number of units switched out within the first year of allotment does not exceed 10% of the units purchased, no exit load is charged.
    • Units that are switched out above the stipulated 10% limit within the first year from the date of allotment, 1% NAV is charged as the exit load.
    • Units switched out after crossing the first year of allotment do not carry any exit load charges.

    Benchmark

    CRISIL MIP Blended Fund Index

    Fund Manager

    Venugopal Manghat and Jalpan Shah

    Risk Factor

    Moderately High

    Investment Objective of the L&T Conservative Hybrid Fund

    The objective of the L&T Conservative Hybrid Fund is to generate a stable source of income from investments made in money market, equity, and debt instruments. However, there is no assurance that the fund will be able to achieve its objective.

    Who is the L&T Conservative Hybrid Fund for?The L&T Conservative Hybrid Fund is most suitable for investors who are looking to create a regular source of income in the medium to long term. The returns earned are primarily through investments made in equity, debt, and money market instruments.

  5. L&T Dynamic Equity Fund
  6. Fund Type

    Open-ended dynamic asset allocation fund

    Entry Load

    N/A

    Exit Load

    • If the units allotted are switched out or redeemed within the first year from the date of purchase and exceed 10% of the units initially allotted, an exit load of 1% of the NAV is charged.
    • No exit load is charged when units switched out within the first year of allotment is under 10% of the units initially allotted.
    • Units switched out or redeemed after the first year of allotment do not have any exit load charges.
    • Withdrawals or switch-outs made under STP and SWP have a possibility of attracting an exit load similar to that charged on redemption.
    • No exit load is charged on units that are allotted from reinvestment of dividends or units allotted as bonuses.

    Benchmark

    50% S&P BSE 200 TRI and 50% CRISIL Short Term Bond Fund Index

    Fund Manager

    Praveen Ayathan, S. N. Lahiri, and Jalpan Shah

    Risk Factor

    Moderately High

    Investment Objective of the L&T Dynamic Equity Fund

    The objective of the L&T Dynamic Equity Fund is to help investors generate long-term capital appreciation through a diversified portfolio that comprises equity and equity-related securities. Investments are also made in money market schemes, debt instruments, and arbitrage opportunities in cash and derivatives from equity markets.

    Who is the L&T Dynamic Equity Fund for?The L&T Dynamic Equity Fund is most suitable for investors that are looking to gain reasonable returns through long term capital appreciation. This is achieved by making investments in money market instruments, debt instruments, and equity and equity-related instruments.

  7. L&T Arbitrage Opportunities Fund
  8. Fund Type

    Open-ended scheme

    Entry Load

    N/A

    Exit Load

    • Redemption made on or before the first month from which the units were allotted attracts an exit load charge of 0.50% of the NAV.
    • No exit load charges are incurred for units redeemed after the first month of allotment.
    • Withdrawals and redemptions made under SWP attract exit load charges similar to any other redemptions.
    • Switching between scheme options does not attract an exit load.
    • Exit loads are not charged for units allocated through reinvestment of dividends or through bonuses.

    Benchmark

    Nifty 50 Arbitrage TRI Index

    Fund Manager

    Karan Desai, Praveen Ayathan, and Venugopal Manghat.

    Risk Factor

    Moderately low

    Investment Objective of the L&T Arbitrage Opportunities Fund

    The objective of the L&T Arbitrage Opportunities Fund is to help investors earn substantial returns through investments made in arbitrage opportunities. The investments are made predominantly in derivatives and cash segments in the equity markets. Investments are also made in money market and debt instruments.

    Who is the L&T Arbitrage Opportunities Fund for?The L&T Arbitrage Opportunities Fund is best suited for investors looking to generate reasonable returns in the medium to short term. Returns are gained through investments made in cash and derivative segments, money market instruments, and debt instruments.

  9. L&T Equity Savings Fund
  10. Fund Type

    Open-ended scheme

    Entry Load

    N/A

    Exit Load

    • Up to 10% of the units redeemed or switched out within the first year of allotment do not attract any exit load charges.
    • Units redeemed or switched out above the 10% limit within the first year incur an exit load of 1% of the NAV.
    • Units that are switched out or redeemed after the first year of allotment do not incur any exit load charges.
    • Units withdrawn or switched out under SWP attract exit load charges.
    • Units switched between the scheme options available do not attract any exit load charges.
    • Exit load is not charged for units that are allotted by means of dividend reinvestment or bonuses.

    Benchmark

    Nifty 50 Arbitrage Index (75%) and S&P BSE 200 TRI (25%)

    Fund Manager

    Jalpan Shah, Praveen Ayathan, and Venugopal Manghat.

    Risk Factor

    Moderately high

    Investment Objective of the L&T Equity Savings Fund

    The objective of the L&T Equity Savings Fund is to help investors earn a regular source of income through investments made largely in debt instruments, money market instruments, and arbitrage opportunities in cash and derivatives sections in the equity markets.

    Who is the L&T Equity Savings Fund for?The L&T Equity Savings Fund is best suited for investors looking for unhedged exposure to equity instruments with the aim of generating long-term capital appreciation. Returns are generated through investments made in cash and derivative segments, money market instruments, and debt instruments.

Fixed Maturity Plans

The following are the variants of the Fixed Maturity Plans offered by L&T:

  1. L&T Emerging Opportunities Fund - Series I & II
  2. Fund Type

    Close-ended equity scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    S&P BSE Small Cap TRI Index

    Fund Manager

    Vihang Naik

    Risk Factor

    High

    Investment Objective of the L&T Emerging Opportunities Fund - Series I & II

    The objective of the L&T Emerging Opportunities Fund - Series I & II is to help investors gain capital appreciation by making investments predominantly in equity and equity-related instruments offered by small cap companies.

    Who is the L&T Emerging Opportunities Fund - Series I & II for?The L&T Emerging Opportunities Fund - Series I & II is best suited for investors looking for long-term capital appreciation through investments made in a combination of equity and equity-related instruments of small cap stocks.

  3. L&T Fixed Maturity Plans Series XVII
  4. Fund Type

    Close-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Composite Bond Fund Index

    Fund Manager

    Jalpan Shah and Vikas Garg

    Investment Objective of the L&T Fixed Maturity Plans Series XVII

    The objective of the L&T Fixed Maturity Plans Series XVII is to help investors achieve capital growth through investments made in a combination of debt, money market, and fixed income securities. The scheme does not guarantee any returns on maturity.

    Who is the L&T Fixed Maturity Plans Series XVII for?The L&T Fixed Maturity Plans Series XVII is best suited for investors looking to achieve capital growth. Investors have the choice of investing in either dividend or growth options of the scheme. In instances where the investor does not specify their choice, the growth scheme is chosen as the default option.

  5. L&T Fixed Maturity Plans- Series XVI
  6. Fund Type

    Close-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Composite Bond Fund Index

    Fund Manager

    Jalpan Shah and Vikas Garg

    Risk Factor

    Moderate

    Investment Objective of the L&T Fixed Maturity Plans Series XVI

    The objective of the L&T Fixed Maturity Plans Series XVI is to help investors achieve capital growth by making investments in options that comprise debt, money market, and fixed income securities. The scheme does not guarantee any returns on maturity.

    Who is the L&T Fixed Maturity Plans Series XVI for?The L&T Fixed Maturity Plans Series XVI is best suited for investors looking to achieve capital growth. Investors have the choice of investing in either dividend or growth options of the scheme. The growth option is automatically chosen for those investors who have not specified the scheme option at the time of investment.

  7. L&T Fixed Maturity Plans- Series XIV
  8. Fund Type

    Close-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    Scheme C: CRISIL Composite Bond Fund Index

    Fund Manager

    Jalpan Shah and Vikas Garg

    Risk Factor

    Moderate

    Investment Objective of the L&T Fixed Maturity Plans Series XIV

    The objective of the L&T Fixed Maturity Plans Series XIV is to help investors generate capital growth through investments made in a combination of debt, money market, and fixed income securities. The scheme does not guarantee any returns on maturity.

    Who is the L&T Fixed Maturity Plans Series XIV for?The L&T Fixed Maturity Plans Series XIV is best suited for investors looking to generate capital growth. Investors can choose to invest in either the dividend or growth option of the scheme. The growth option is automatically chosen for those investors who have not specified the scheme option at the time of investment.

  9. L&T Fixed Maturity Plans- Series XI
  10. Fund Type

    Close-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    Plan A : CRISIL Short Bond Fund Index

    Fund Manager

    Vikas Garg and Jalpan Shah

    Risk Factor

    Low

    Investment Objective of the L&T Fixed Maturity Plans Series XI

    The objective of the L&T Fixed Maturity Plans Series XI is to help investors who are looking to achieve capital growth. Capital growth is generated through investments made in securities that comprise debt, money market, and fixed income funds. The scheme does not guarantee returns on maturity.

    Who is the L&T Fixed Maturity Plans Series XI for?The L&T Fixed Maturity Plans Series XI is best suited for investors looking to achieve capital growth. Investors can choose to invest in either the dividend or growth option of the scheme. The growth option is the default scheme chosen for investors who have not specified the same at the time of investment.

  11. L&T Fixed Maturity Plans- Series X
  12. Fund Type

    Close-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    Plan A : CRISIL Short Bond Fund Index

    Fund Manager

    Shriram Ramanathan and Jalpan Shah

    Risk Factor

    Low

    Investment Objective of the L&T Fixed Maturity Plans Series X

    The objective of the L&T Fixed Maturity Plans Series X is to help investors who are looking to achieve capital growth. Capital growth is generated through investments made in securities that comprise debt, money market, and fixed income funds. The scheme does not guarantee returns on maturity.

    Who is the L&T Fixed Maturity Plans Series X for?The L&T Fixed Maturity Plans Series X is best suited for investors looking to achieve capital growth. Investors can choose to invest in either the dividend or growth option of the scheme. The growth option is the default scheme chosen for investors who have not specified the same at the time of investment.

  13. L&T Fixed Maturity Plans- Series IX
  14. Fund Type

    Close-ended debt scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Short Bond Fund Index

    Fund Manager

    Shriram Ramanathan

    Risk Factor

    Low

    Investment Objective of the L&T Fixed Maturity Plans Series IX

    The objective of the L&T Fixed Maturity Plans Series XI is to help investors who are looking to achieve capital growth. Capital growth is generated through investments made in securities that comprise debt, money market, and fixed income funds. The scheme does not guarantee returns on maturity.

    Who is the L&T Fixed Maturity Plans Series IX for?The L&T Fixed Maturity Plans Series XI is best suited for investors looking to achieve capital growth. Investors can choose to invest in either the dividend or growth option of the scheme. The growth option is the default scheme chosen for investors who have not explicitly chosen the type of scheme they wish to invest in.

  15. L&T Fixed Maturity Plans- Series VII
  16. Fund Type

    Close-ended income scheme

    Entry Load

    N/A

    Exit Load

    N/A

    Benchmark

    CRISIL Short Bond Fund Index

    Fund Manager

    Shriram Ramanathan

    Risk Factor

    Low

    Investment Objective of the L&T Fixed Maturity Plans Series VII

    The objective of the L&T Fixed Maturity Plans Series VII is to help investors who are looking to achieve capital growth. Capital growth is generated through investments made in securities that comprise debt, money market, and fixed income funds. The scheme does not guarantee returns on maturity.

    Who is the L&T Fixed Maturity Plans Series VII for?The L&T Fixed Maturity Plans Series VII is best suited for investors looking to achieve capital growth. Investors can choose to invest in either the dividend or growth option of the scheme. The growth option is the default scheme chosen for investors who have not specified the same at the time of investment.

Eligibility criteria for investing in L&T Mutual Funds

The following are some of the individuals and organisations that are eligible to purchase the mutual funds offered by L&T:

  • Indian residents
  • Partnership Firms
  • Non-resident Indians (NRIs)
  • Religious, Charitable and Private Trusts, under the provisions of 11(5) of Income Tax Act, 1961
  • Hindu Undivided Families (HUF)
  • Scientific & Industrial Research Organisations
  • International Organisations registered with SEBI
  • Individuals in the armed forces and paramilitary forces
  • Banks

Documentation required for investing in L&T mutual funds

SEBI has mandated that all mutual fund investors should have the KYC verification done before investing. The following are the documents required to complete the KYC verification when purchasing L&T mutual funds:

  • PAN card
  • Proof of address
  • Proof of identification
  • Recent passport-size photograph

Units can be purchased through the submission of a physical form at the Customer Service Centres. Payment for purchase of the units is accepted only in the form of a cheque or a demand draft.

How to Invest in L&T Mutual Funds Online?

L&T has an online services for new and existing investors. The online service provides investors the opportunity to access information regarding their investment and allows them to transact online. Some of the transactions that can be performed using L&T Mutual Funds Online includes redeeming units, switching between investment schemes, setting up an SIP, STP, and SWP, and printing account statements.

Registering with the L&T mutual funds online requires following the steps listed below:

  • Visit L&T’s mutual funds online website.
  • Click on the ‘Register’ link.
  • Enter the mandatory details requested.
  • Once this is complete, the investor can set their user ID, password, PIN, and security question and answer.
  • A one-time documentation is also required, wherein the investor will have to submit the online registration form to the L&T Mutual Fund Service Centre.

Once the registration is complete, investors can visit the L&T Mutual Funds Online website to access their account. This is done by clicking the ‘Login’ link on the website’s homepage, followed by entering the User ID, password, and PIN.

Why Choose L&T Mutual Funds?

L&T is one of the most reputed firms in the world. Though its investment management company formed only a decade ago, the firm has a track record of delivering steady long-term returns. Furthermore, the sheer variety of schemes available provides potential investors with a wide range of options to choose from. The main goal of the fund house is to deliver a risk adjusted performance that consistently earns high returns. The analysts at L&T are constantly trying to develop new ideas through extensive research and consultations with other financial experts.

Frequently Asked Questions

  1. How can I purchase mutual funds from L&T?
  2. L&T mutual funds can be purchased in one of three methods:

    • Through the submission of an application form at the customer service centre
    • Through L&T’s mutual funds online website
    • Through the NSE and BSE website
  3. How can I redeem the units invested in my scheme?
  4. Redemption of units for open-ended schemes can be done through the following methods:

    1. L&T’s mutual fund website
    2. By downloading, filling and submitting a form to the customer service centre
    3. By filling out the tear-off slip available on the account statement and submitting it to the customer service centre.
  5. How long does it take to receive the proceeds from redemption?
  6. The time frame for receiving the proceeds from redemption varies based on the type of scheme.

    Proceeds from liquid and debt schemes take 1 business day from the date at which the request is approved.

    Proceeds from equity scheme take 3 business days from the date at which the request is approved.

  7. How are the proceeds from redemption paid out?
  8. L&T credits the proceeds directly to the investor’s bank account. In instances where the investor has not provided their bank account number and IFSC code, a cheque is mailed to the registered address.

  9. Can I switch between plans and schemes?
  10. It is possible to switch between schemes. This can be done by downloading and submitting the ‘Transaction Form for Financial Transactions’. The account statement provided also comes with a tear off slip that can be filled and submitted at the closest L&T Investor Service Centre. Switching between schemes and plans can also be done through the website.

  11. What is the procedure for investing in SIPs?
  12. First-time investors can apply for an SIP by downloading the Common KIM & application form. These forms will have to be accurately filled in and submitted along with the SIP investment form. Investors who already invest in L&T mutual funds should download only the SIP investment form and fill in their folio number along with the other details mentioned. The form should be submitted at the nearest L&T Investor Service Centre.

  13. How can an SIP be cancelled?
  14. Payments for an SIP can be cancelled by downloading the ‘SIP Pause Form’ and ‘Cancellation Form for Systematic Transactions’. The relevant fields should be filled out and submitted at the nearest L&T Investor Service Centre.

  15. Is it possible to know how my scheme is performing?
  16. Yes. The NAV reflects how the scheme is performing. In case of open-ended schemes, the NAV is disclosed every day. For close-ended schemes, the NAV is disclosed every week. This information is published in most newspapers and on the ‘Association of Mutual Funds in India’ website.

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