L&T Mutual Fund

L&T Investment Management Limited is a Mutual Fund company in India. L&T Mutual Fund was founded in 1996 by the parent company L&T Finance Holdings Limited (which is one of India's top publicly-listed NBFC, i.e. non-banking financial companies).

L&T Mutual Fund has been living upto the fund house's vision of being one of the most trustworthy and admired AMC's in India. During the last two decades, L and T Mutual Fund have demonstrated consistent and strong track records. Its team of analysts and fund managers are extremely skilled and trained in order to identify new investment opportunities and ideas with their extensive research and robust systems and technological support.

The L&T Mutual Fund Company offers various solutions for the investment requirement for its investors which range from equity funds to debt funds to hybrid funds and can vary from close-ended to open-ended schemes. In fact, the various options are almost tailor made for the investors, in order to suit their investment needs of wealth accumulation, capital protection and income generation or optimisation of their wealth.

With its nationwide reach (with more than 55 branches across 375 cities across the country), it caters to 2.6 million investors across India and manages investments worth more than ₹71,000 crores.

L&T Mutual Fund caters specifically to investors with multiple needs, risk profile as well as the horizon of investment. The performance of the funds is calculated based on various parameters such as historic performance, fund manager's track record, the return consistency as well as the AUM growth of the mutual fund.

As of now, investors can choose from 146 L&T Mutual Fund schemes across different categories. The list of some of the top-performing L&T Mutual Funds across different fund categories.

L&T Equity Mutual funds aim to maximize appreciation of the capital over the long run. They predominantly invest in both equity as well as equity-related instruments, which are in the growth phase and are expected to generate high returns. The risk quotient of these L&T Mutual funds is usually high as the inherent volatility associated with equity investments is high.

As of now, there are 12 schemes that are open-ended in the Pure Equity L&T Mutual Funds space. These equity funds of L&T Mutual Fund vary from the various market capitalization funds like large, mid to small and micro-cap as well as sectoral funds. The total AUM of these 12 schemes is more than ₹25,000 Crores.

The list of some of the top-performing L&T Mutual Funds in the equity category.

L&T Debt Mutual funds invest in fixed income debt securities and money market instruments. These instruments include fixed income securities such as Treasury Bills or T-Bills, Government bonds, Commercial Deposits of CDs, Commercial Papers, Commercial Deposits, etc. The core objective of these L&T Mutual Fund schemes is to generate a steady and regular income flow to the investors. The risk factor of these schemes usually ranges from moderate to low. Thus, these schemes are a perfect solution for risk-averse investors or conservative ones. As of now, L&T Mutual Fund offers 17 open-ended schemes in the Debt Mutual Fund Category.

The debt category mutual funds consist of L&T Liquid Funds (AUM 7,713 crores, as on 31-July-2020), L&T Banking and PSU Debt Funds (AUM ₹3,944 crores, as on 31-July-2020), L&T Short Term Bond Funds (AUM ₹4,686 crores, as on 31-July-2020) and other Debt Schemes (AUM ₹10,710 crores, as on 31-July-2020).

The list of some of the top-performing L&T Mutual Fundsin the debt category.

L&T Hybrid Mutual funds invest in multiple asset classes which range from equity to debt funds so as to offer a steady income to the investors along with capital appreciation. The proportion of each debt and equity component depends on the scheme's overall objective.

L&T Mutual Funds offer a wide range of hybrid funds with different risk quotients ranging from moderately high to moderately low. As of now, there are five Hybrid schemes offered by L&T Mutual funds. As of now, there are five Hybrid schemes offered by L&T Mutual funds.

The list of the L&T Mutual Funds in the hybrid category are:

L&T Tax Saving Mutual Funds is a category under the ELSS (Equity Linked Savings Scheme). These funds provide a dual benefit to all its investors - tax saving under section 80C for the money invested in one financial year up to ₹1.5 lakhs p.a. as well as capital appreciation through the equity investment route.

However, all investment in the ELSS scheme has a mandatory lock-in period of three years. This is the shortest lock-in period as compared to all other conventional tax-saving options which also provides the potential for higher returns. Someone can also invest in these L&T Mutual Funds online with as low as ₹500 as well.

There is only one ELSS open-ended L&T Tax Saving Scheme called L&T Tax Advantage Fund with an AUM of ₹2,843 crores as on 30-June-2020 which has a 3-year lock-in period.

This particular ELSS fund of L&T Mutual Fund is a Multi-cap Equity fund, i.e. it can invest in companies of all sectors and market capitalization, thus helping the investor build a diversified portfolio. This way the risk of equity investment would be handled better as the investment is spread out.

• L&T India Large Cap Fund

  • Investment Objective:

    The fund objective of the L&T India Large Cap Fund is to generate long-term capital appreciation from a diversified portfolio large-cap equity investment. The fund predominantly invests in large-cap stocks.

  • Fund Details:

    The fund category is Equity Large Cap Fund with an AUM of ₹509 Crores as on 30-June-20. The scheme was launched on 23-October-2007. This L&T Mutual Fund NAV for the Direct Plan, Growth was ₹28.03 as on 31-July-2020 and the same for Regular Plan, Growth was ₹26.50. The fund has given 7.92% average annual returns since inception. The benchmark for this scheme is S&P BSE 100 TRI Index and the fund managers are Mr Venugopal Manghat, Mr Vihang Naik and Mr Alok Ranjan

    Historical performance of L&T India Large Cap Fund - Direct Plan-Growth for the last 5 years, as on 31st July 2020

    The expense of the L&T India Large Cap Fund is 2.29% for regular plans and 1.41% for direct plans. There would be an exit load of 1% if you redeem more than 10% of the units purchased within one year from the date of investment.

    L&T India Large Cap Fund has strong exposure to the energy and financial sector. Here is the detailed table on holding for this scheme.

    The portfolio holding as on 30-June-2020 is:

    Company	Sector	% Assets
    Reliance Industries	Energy	8.94
    HDFC Bank	Financial	8.72
    Bharti Airtel	Communication	5.37
    Infosys	Technology	5.31
    ICICI Bank	Financial	5.19
    Kotak Mahindra Bank	Financial	3.82
    Hindustan Unilever	FMCG	3.21
    Tata Consultancy Services	Technology	3.17
    HDFC	Financial	3.11
    ICICI Lombard General Insurance Company	Financial	2.95
    Dr. Reddy's Lab	Healthcare	2.92
    ITC	FMCG	2.91
    Divi's Laboratories	Healthcare	2.78
    Shree Cement	Construction	2.38
    Larsen & Toubro	Construction	2.13
    Nestle India	FMCG	2.09
    Maruti Suzuki India	Automobile	1.98
    SBI Life Insurance Company	Financial	1.96
    Torrent Pharmaceuticals	Healthcare	1.9
    Hero Motocorp	Automobile	1.84
    Sun Pharmaceutical Inds.	Healthcare	1.68
    Atul	Chemicals	1.61
    Mahindra & Mahindra	Automobile	1.56
    Godrej Properties	Construction	1.52
    HCL Technologies	Technology	1.47

    The minimum lump sum investment in L&T India Large Cap Fund is ₹5000 and for SIP it is ₹500.

• L&T Midcap Fund

  • Investment Objective:

    The fund objective of the L&T Midcap Fund is to provide capital appreciation from a diversified portfolio of midcap equity investment. The fund predominantly invests in midcap stocks.

  • Fund Details:

    TThe fund category is Equity Mid Cap Fund with an AUM of ₹5,694 Crores as on 30-June-20. The scheme was launched on 09-August-2004. This L&T Mutual Fund NAV for the Direct Plan, Growth was ₹133.35 as on 31-July-2020 and the same for Regular Plan, Growth was ₹124.58. The fund has given 16.14% average annual returns since inception. The benchmark for this scheme is Nifty Midcap 100 TRI Index and the fund managers are Mr Vihang Naik and Mr Venugopal Manghat.

    Historical performance of L&T Midcap Fund - Direct Plan-Growth for the last 5 years, as on 31st July 2020

    The expense of the L&T Midcap Fund is 1.75% for regular plans and 0.66% for direct plans. There would be an exit load of 1% if you redeem more than 10% of the units purchased within one year from the date of investment.

    L&T Midcap Fund has strong exposure to the healthcare sector. Here is the detailed table on holding for this scheme.

    The portfolio holding as on 30-June-2020 is:

    Company	Sector	% of Total AUM
    Bayer CropScience	Healthcare	4.38
    Ipca Laboratories	Healthcare	3.48
    Shree Cement	Construction	3.16
    Abbott India	Healthcare	2.56
    Coromandel International	Chemicals	2.53
    Tata Consumer Products	FMCG	2.49
    Divi's Laboratories	Healthcare	2.4
    Mphasis	Technology	2.34
    Berger Paints India	Chemicals	2.13
    Atul	Chemicals	2.03
    The Ramco Cements	Construction	1.97
    MRF	Automobile	1.95
    Sundaram Finance	Financial	1.92
    Multi Commodity Exchange India	Financial	1.91
    Ratnamani Metals & Tubes	Metals	1.8
    Manappuram Finance	Financial	1.79
    Godrej Properties	Construction	1.77
    Syngene International	Healthcare	1.72
    Page Industries	Textiles	1.7
    Supreme Industries	Chemicals	1.64
    Torrent Pharmaceuticals	Healthcare	1.61
    Johnson Controls - Hitachi Air Conditioning India	Cons Durable	1.61
    Aarti Industries	Chemicals	1.58
    Emami	FMCG	1.56
    3M India	Services	1.55

    The minimum lump sum investment in L&T Midcap Fund is ₹5,000 and for SIP it is ₹500.

• L&T Equity Fund

  • Investment Objective:

    The fund objective of the L&T Equity Fund is to generate long-term capital growth from a diversified portfolio of equity and equity-related securities by picking up stocks with a sector or market capitalization bias. The fund invests in funds across the market capitalization.

  • Fund Details:

    The fund category is Equity Multicap Fund with an AUM of ₹2,188 Crores as on 30-June-20. The scheme was launched on 16-May-2005. This L&T Mutual Fund NAV for the Direct Plan, Growth was ₹82.58 as on 31-July-2020 and the same for Regular Plan, Growth was ₹78.38. The fund has given 14.49% CAGR since inception. The benchmark for this scheme is S&P BSE 500 TRI Index and the fund managers are Mr Venugopal Manghat, Mr Vihang Naik and Mr Alok Ranjan.

    Historical performance of L&T Equity Fund - Direct Plan-Growth for the last 5 years, as on 31st July 2020.

    The expense of the L&T Equity Fund is 1.93% for regular plans and 1.20% for direct plans. There would be an exit load of 1% if you redeem more than 10% of the units purchased within one year from the date of investment.

    L&T Equity Fund has strong exposure to the energy, financial and technology sector. Here is the detailed table on holding for this scheme.

    The portfolio holding as on 30-June-2020 is:

    Company	Sector	% of Total AUM
    Reliance Industries	Energy	5.8
    HDFC Bank	Financial	5.71
    Tata Consultancy Services	Technology	4.34
    Bharti Airtel	Communication	4.31
    HCL Technologies	Technology	4.05
    ITC	FMCG	3.86
    Hindustan Unilever	FMCG	3.35
    Infosys	Technology	3.15
    Dishman Carbogen Amcis	Healthcare	2.82
    Avenue Supermarts	Services	2.82
    Muthoot Finance	Financial	2.7
    Kotak Mahindra Bank	Financial	2.66
    Colgate-Palmolive	FMCG	2.65
    Shree Cement	Construction	2.62
    Sun Pharmaceutical Inds.	Healthcare	2.6
    Larsen & Toubro	Construction	2.58
    The Ramco Cements	Construction	2.36
    Pfizer	Healthcare	2.17
    Sanofi India	Healthcare	2.11
    Maruti Suzuki India	Automobile	1.94
    ICICI Bank	Financial	1.93
    Asian Paints	Chemicals	1.92
    Lupin	Healthcare	1.74
    Torrent Pharmaceuticals	Healthcare	1.68
    HDFC	Financial	1.68

    The minimum lump sum investment in L&T Equity Fund is ₹5,000 and for SIP it is ₹500.

• L&T Emerging Businesses Fund

  • Investment Objective:

    The fund objective of the L&T Emerging Businesses Fund is to generate long-term capital appreciation from a diversified portfolio of predominantly small cap stocks. The fund predominantly invests in stocks of emerging businesses.

  • Fund Details:

    The fund category is Equity Small Cap Fund with an AUM of ₹4,694 Crores as on 30-June-20. The scheme was launched on 13-May-2014. This L&T Mutual Fund NAV for the Direct Plan, Growth was ₹20.12 as on 31-July-2020 and the same for Regular Plan, Growth was ₹19.07. The fund has given 11.89% p.a since inception. The benchmark for this scheme is S&P BSE Small-Cap TRI Index and the fund managers are Mr Venugopal Manghat, Mr Vihang Naik and Mr Alok Ranjan.

    Historical performance of L&T Emerging Businesses Fund - Direct Plan-Growth for the last 5 years, as on 31st July 2020.

    The expense of the L&T Emerging Businesses Fund is 1.78% for regular plans and 0.80% for direct plans. There would be an exit load of 1% if you redeem more than 10% of the units purchased within one year from the date of investment.

    L&T Emerging Businesses Fund has strong exposure to the energy and healthcare sector. Here is the detailed table on holding for this scheme.

    The portfolio holding as on 30-June-2020 is:

    Company	Sector	% of Total AUM
    Mahanagar Gas	Energy	3.68
    Sanofi India	Healthcare	3.27
    Abbott India	Healthcare	2.9
    Persistent Systems	Technology	2.81
    VST Industries	FMCG	2.78
    Trent	Services	2.2
    Ipca Laboratories	Healthcare	2.19
    KPR Mills	Textiles	2.18
    Navin Fluorine International	Chemicals	2.09
    Finolex Industries	Chemicals	2.03
    AIA Engineering	Metals	1.96
    Suven Pharmaceutical	Healthcare	1.9
    Tube Investments Of India	Automobile	1.88
    Amara Raja Batteries	Engineering	1.88
    Deepak Nitrite	Chemicals	1.87
    Balrampur Chini Mills	FMCG	1.81
    Grindwell Norton	Metals	1.8
    Sharda Cropchem	Chemicals	1.71
    Akzo Nobel India	Chemicals	1.6
    Escorts	Automobile	1.44
    Amber Enterprises	Cons Durable	1.41
    Finolex Cables	Engineering	1.41
    Engineers India	Construction	1.4
    Ratnamani Metals & Tubes	Metals	1.4
    Gujarat Pipavav Port	Services	1.4

    The minimum lump sum investment in L&T Emerging Businesses Fund is ₹5,000 and for SIP it is ₹500.

• L&T Infrastructure Fund

  • Investment Objective:

    The fund objective of the L&T Infrastructure Fund is to generate capital appreciation by investing in equity and equity-related instruments of companies in the infrastructure sector.

  • Fund Details:

    The fund category is Equity Sector Fund with an AUM of ₹1,162 Crores as on 30-June-20. The scheme was launched on 27-September-2007. This L&T Mutual Fund NAV for the Direct Plan, Growth was ₹13.31 as on 31-July-2020 and the same for Regular Plan, Growth was ₹12.50. The fund has given 9.54% average annual returns since inception. The benchmark for this scheme is Nifty Infrastructure TRI Index and the fund managers are Mr Venugopal Manghat and Mr Vihang Naik.

    Historical performance of L&T Infrastructure Fund - Direct Plan-Growth for the last 5 years, as on 31st July 2020

    The expense of the L&T Infrastructure Fund is 2.07% for regular plans and 1.08% for direct plans. There would be an exit load of 1% if you redeem more than 10% of the units purchased within one year from the date of investment.

    The portfolio holding as on 30-June-2020 is:

    Company	Sector	% of Total AUM
    Bharti Airtel	Communication	9.42
    The Ramco Cements	Construction	7.45
    Larsen & Toubro	Construction	7.22
    AIA Engineering	Metals	5.42
    Mahanagar Gas	Energy	3.99
    Orient Refractories Ltd.	Construction	3.79
    Honeywell Automation	Engineering	3.74
    ACC	Construction	3.45
    Reliance Industries	Energy	3.19
    Bharat Electronics	Engineering	3.03
    Polycab India	Engineering	2.7
    Ultratech Cement	Construction	2.57
    Finolex Cables	Engineering	2.47
    Rites	Construction	2.46
    Engineers India	Construction	2.4
    Shree Cement	Construction	2.12
    Thermax	Engineering	2.03
    NTPC	Energy	2.01
    BEML	Engineering	1.97
    Maharashtra Seamless	Metals	1.88
    Grasim Industries	Construction	1.75
    Grindwell Norton	Metals	1.72
    Godrej Properties	Construction	1.69
    Gujarat Pipavav Port	Services	1.68
    ABB	Engineering	1.57

    The minimum lump sum investment in L&T Infrastructure Fund is ₹5,000 and for SIP it is ₹500.

To know more about our L&T Mutual Fund Schemes, investors can contact at:

To invest in L&T Mutual Fund online an investor can click on ET Money which has "Zero Commission" charges so as to provide a one-stop solution for investors. Here one can explore all types of funds and get clear details of their associated risk, the consistency as well as past performance before investing.

L&T Mutual Fund online investment can be done from ET Money. The investor needs to find 'MF by Category' and then opt subtypes like, 'Market capitalization', 'Diversification', 'Sector & Theme' or 'Solution'(eg.ELSS) and then can choose the L&T SIP or Lumpsum online. The Funds display the returns % since inception, the current NAV, etc.

There is also a filter option to choose from, like 'Risk Rating', 'Value Research', 'Fund Size' and 'Consistency' and an investor can also use these filter options to choose the amount of L&T SIP or Lumpsum investment of his choice and requirement.

The L&T Mutual Fund Investment team has a bunch of highly qualified and experienced professionals managing the funds of the investors at different levels and at different job roles. They are the financial market specialists who implement the fund's investment strategy by conducting and using their expertise to make the most important investment decisions in order to provide best possible returns to the investors. Few such people involved in making the Fund Management of L&T Mutual Fund are -

• Mr Venugopal Manghat:

  Head of Equities

  Mr Venugopal Manghat is a veteran in the Indian equity market with over 25 years of experience. He is taking care of the investment amount worth more than Rs. 32,000 crores. Prior to joining L&T Investments Management Limited, he worked for more than 16 years with Tata Asset Management Limited. He manages the L&T Business Cycles Fund, L&T India Value Fund, L&T India Large Cap Fund and L&T Arbitrage Opportunities Fund along with managing the equity component of L&T's hybrid and fixed income plans.

• Mr Shriram Ramanathan:

  Head of Fixed Income

  Mr Shriram Ramanathan has over 16 years of experience in the Indian fixed income market. He manages and co-manages over 40 schemes at L&T Mutual Fund that includes L&T Income opportunities Fund and L&T Money Market Fund etc. He is taking care of the investment amount worth more than Rs. 30,000 crores. Mr Ramanathan is a Chartered Financial Analyst and also holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur.

• Mr. Vihang Naik:

  Fund Manager

  Mr Naik has an overall experience of 11 years in equity research. He manages the L&T Emerging Opportunities Fund and L&T Long Term Advantage Fund along with co-managing much other equity and fixed income funds. He is taking care of the investment amount worth more than ₹26,000 crores. Mr Naik is a Certified Financial Analyst and a Bachelor of Management Studies from Mumbai University.

• Mr Jalpan Shah:

  Portfolio Manager, Fixed Income

  Mr Shah has an overall experience of 15 years in the Indian fixed income market. He manages and co-manages over 50 plans at L&T Investment Management Limited. He is taking care of the investment amount worth more than ₹29,000 crores. Mr Shah holds a Postgraduate degree in Management along with a Mechanical Engineering degree from Sardar Patel University.