Larsen & Toubro is an Indian private sector company headquartered in Mumbai, India. The company is into the business of financial services, manufacturing goods, engineering and information technology. L&T has over 130 subsidiaries and 15 associate companies. The company also has offices in the Middle East and other parts of Asia.
L&T Mutual Fund
L&T Mutual Fund is a mutual fund company in India. It has many mutual fund schemes that cater to the investment needs of investors. L&T Investment Management Limited is the asset management company for all L&T mutual fund schemes. It is sponsored by L&T Finance Holdings Limited which is registered as a non-banking financial company under RBI. L&T’s Mutual Funds follow a disciplined approach to risk and investment management.
Types of L&T Mutual Funds
L&T offers different types of mutual funds with different schemes to suit the investment needs of its customers. Listed below are the different types of mutual funds offered by L&T.
- L&T Equity Funds
A type of mutual fund where investments are made in stocks or equities of companies.,the investment can either be short, medium or long term. Equity funds offer higher returns when compared to other schemes. They are suitable for investors seeking high risk and long term capital growth.
- L&T Fixed Income Funds
A fund that solely invests in fixed income investments such as bonds or certificates of deposits. Investors choosing this type of fund usually rely on their investments to provide a regular flow of income. It is best suited for those with a low risk appetite.
- L&T Hybrid Funds
This is a combination of equities and debt funds. It allows you to get the best of both worlds. This category has funds with different mandates. At least 60% of the fund should be invested in equity-based hybrid funds while the same applies for debt-based hybrid funds.
- L&T Funds of Funds
This is a type of fund that invests in other mutual funds. This type of funds allows the investor to obtain diversification in a portfolio of hedge funds.
Why choose L&T Mutual Funds?
L&T provides mutual funds for both risk-averse and risk-loving investors. L&T Mutual Funds has plans to suit every investor’s need.
- It provides Dividend Transfer Plan (DTP) which allows the investor to transfer their dividends to any open-ended scheme.
- Investors have the option of applying for funds both online and offline.
- It offers low cost funds and multi-scheme SIPs.
- It offers a top-up SIP facility which allows investors to begin an SIP in any of the schemes and increase the installment amount annually or bi-annually.