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tax-free returns
Benefits for 80C, 10(10D) and no LTCG.

L&T Mutual Fund

L&T Mutual Fund, a fully owned subsidiary of L&T Finance Holdings Limited, is among the leading mutual fund houses in India that caters to the investment needs of individuals through its acclaimed mutual fund schemes. The company aims to deliver long-term superior risk-adjusted performance, and to ensure this, it follows a disciplined approach to investing and risk management. L&T Finance Holdings is a non-banking financial holding company that offers a wide range of financial products and services, which includes mutual fund products, wealth management services, real estate finance, housing finance etc.

The AMC's Board includes Mr. M.V. Nair (Independent Director), Mr. R. Shankar Raman (Associate Director), Mr. Dinanath Dubhashi (Associate Director) and Ms. Anisha Motwani (Independent Director). The Trustee Directors include Mr. S. V. Haribhakti (Associate Director), Mr. V. Natarajan (Independent Director), Mr. Hemant Y. Joshi (Independent Director) and Mr. Rajesh Gupta (Independent Director).

Features of L&T Mutual Fund

The salient features of the schemes offered by the fund house are:

  • The company follows a disciplined approach to investment and risk management.
  • Users can choose from a range of mutual fund scheme options, like equity funds, fixed income funds, hybrid funds and fixed maturity plans.
  • Through the L&T Mutual Fund Online portal, investors can park their money, redeem or switch among funds, set up a Systematic Investment Plan, Systematic Transfer Plan, or a Systematic Withdrawal Plan.
  • There will be no entry load applicable when investing in any mutual fund schemes (as per SEBI regulations).

Types of Mutual Funds Offered by L&T

Equity

Fund Name Type of Scheme Fund Size NAV
L&T Emerging Businesses Fund An open-ended equity scheme that primarily invests in small cap stocks Rs. 5,937 crores 24.1360 (as on 16-Jan-2020)
L&T Focused Equity Fund An open-ended equity scheme investing in maximum 30 stocks in large, mid and small cap companies Rs. 700 crores 11.8230 (as on 16-Jan-2020)
L&T Focused Equity Fund An open-ended equity scheme that invests in maximum 30 stocks in large, mid and small cap companies Rs. 2,677 Crores 11.8230 (as on 16-Jan-2020)
L&T Large and MidCap Fund An open-ended equity scheme that invests in both large cap and mid cap stocks Rs. 1,350 Crores 49.9010 (as on 16-Jan-2020)
L&T Business Cycles Fund An open-ended equity scheme Rs. 667 Crores 16.2580 (as on 16-Jan-2020)
L&T India Large Cap Fund An open-ended equity scheme primarily investing in large cap stocks Rs. 537 Crores 29.5670 (as on 16-Jan-2020)
L&T Midcap Fund An open-ended equity scheme primarily investing in mid cap stocks Rs. 5,992 Crores 139.13 (as on 16-Jan-2020)
L&T India Value Fund An open-ended equity scheme that follows a value investment strategy Rs. 7,749 Crores 37.4270 (as on 16-Jan-2020)
L&T Tax Advantage Fund An open-ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit Rs. 3,381 Crores 57.22 (as on 16-Jan-2020)
L&T Infrastructure Fund To generate capital appreciation by investing primarily in equity and equity related instruments of companies in the infrastructure sector Rs. 1,622 Crores 16.10 (as on 16-Jan-2020)

Fixed Income Funds

Fund Name Type of Scheme Fund Size NAV
L&T Resurgent India Bond Fund An open-ended equity scheme that primarily invests in small cap stocks Rs. 1,747 Crores 14.3832 (as on 16-Jan-2020)
L&T Cash Fund An open-ended equity scheme investing in maximum 30 stocks in large, mid and small cap companies Rs. 718 Crores 1474.4728 (as on 16-Jan-2020)
L&T Liquid Fund An open-ended equity scheme that invests in maximum 30 stocks in large, mid and small cap companies Rs. 9,693 Crores 2678.0592 (as on 16-Jan-2020)
L&T Ultra Short Term Fund An open-ended equity scheme that invests in both large cap and mid cap stocks Rs. 2,497 Crores 32.2551 (as on 16-Jan-2020)
L&T Low Duration Fund An open-ended equity scheme Rs. 913 Crores 20.6784 (as on 16-Jan-2020)
L&T Banking and PSU Debt Fund An open-ended equity scheme primarily investing in large cap stocks Rs. 2,919 Crores 17.6454 (as on 16-Jan-2020)
L&T Credit Risk Fund An open-ended equity scheme primarily investing in mid cap stocks Rs. 1,808 Crores 21.2293 (as on 16-Jan-2020)
L&T Short Term Bond Fund An open-ended equity scheme that follows a value investment strategy Rs. 4,866 Crores 19.0777 (as on 16-Jan-2020)
L&T Money Market Fund An open-ended equity linked savings scheme with a statutory lock in of 3 years and tax benefit Rs. 917 Crores 19.6383 (as on 16-Jan-2020)
L&T Gilt Fund To generate capital appreciation by investing primarily in equity and equity related instruments of companies in the infrastructure sector Rs. 123 Crores 48.9035 (as on 16-Jan-2020)
L&T Flexi Bond Fund An open-ended dynamic debt scheme investing across duration Rs. 59 Crores 21.3844 (as on 16-Jan-2020)

Hybrid Funds

Fund Name Type of Scheme Fund Size NAV
L&T Hybrid Equity Fund An open-ended hybrid scheme invests primarily in equity and equity related instruments Rs. 7,621 Crores 27.7020 (as on 16-Jan-2020)
L&T Conservative Hybrid Fund An open-ended hybrid scheme investing primarily in debt instruments Rs. 36 Crores 36.8948 (as on 16-Jan-2020)
L&T Balanced Advantage Fund (Formally Known as L&T Dynamic Equity Fund) An open-ended dynamic asset allocation fund Rs. 682 Crores 25.6130 (as on 16-Jan-2020)
L&T Arbitrage Opportunities Fund An open-ended scheme investing in arbitrage opportunities Rs. 801 Crores 14.2090 (as on 16-Jan-2020)
L&T Equity Savings Fund An open-ended scheme that invests in equity, arbitrage and debt Rs. 115 Crores 18.24 (as on 16-Jan-2020)

FMPs & Closed-Ended Funds

Name of Scheme Nature of Scheme
L&T FMP - Series XVIII A closed-ended debt fund
L&T FMP - Series XVII A closed-ended debt fund
L&T FMP - Series XVI A closed-ended debt fund
L&T FMP - Series XIV A closed-ended debt fund
L&T Emerging Opportunities Fund - Series I A close-ended equity fund primarily investing in small cap stocks
L&T Emerging Opportunities Fund - series II A close-ended equity fund primarily investing in small cap stocks

Source: Official website of L&T Financial Services

Eligibility for Investing in L&T Mutual Fund

The following entities can invest in the mutual fund schemes of the fund house:

  • Indian residents
  • Charitable or Religious Trusts
  • Hindu Undivided Families
  • Partnership Firms
  • Scientific and/or industrial research organizations
  • Individuals in the armed forces and paramilitary forces
  • NRI and Foreign Institutional Investors (FIIs) have been granted special permission by the banking regulator under Schedule 5 of the Foreign Exchange Management Regulations, 2000 for investing in mutual funds, subject to certain conditions.

Documents required for investing in L&T Mutual Fund

The below-listed documents have to be attached with the registration form

If one is not KYC-compliant:

  • Filled-up KYC Form
  • Attested copy of PAN card
  • Attested proof of your correspondence/permanent address
  • Cancelled bank cheque of the Sole/First Applicant

If one is KYC-compliant:

  • Self-attested copy of PAN card
  • Self-attested copy of KYC acknowledgement letter -. Cancelled bank cheque of the Sole/First Applicant

How to Invest in L&T Mutual Fund

Individuals who are interested in investing in schemes of the fund house via the online mode can do so on the company’s website. All that the investor needs to do is click on the ‘Register’ tab and fill in all the necessary details. If the user is KYC compliant, then he or she can register online and begin making transactions right away. If the user is not KYC compliant, he or she needs to complete eKYC using PAN or Aadhaar and then can he or she make transactions. The entity will be able to buy mutual funds up to Rs. 50,000 per annum.

Why Choose L & T Mutual Funds?

L&T Mutual Fund is among the premier mutual funds in the country, backed by one of the most valued NBFC brands - L&T Finance. L&T Financial Services follows a disciplined approach to investing and risk management and has delivered superior long-term risk-adjusted performance. The mutual fund company ensures sound investment management practices and comprises of a fund management team with years of experience in the industry.

L&T Mutual Fund is a part of the L&T Group, one of the largest Indian multi-national firms. L&T’s operations are supported by a large marketing and distribution network, and the company has established a reputation for its customer-focused approach and strong support team.

FAQs on L&T Mutual Funds

How can I purchase mutual funds from L&T?

Mutual funds from L&T can be opted for either through the company’s website or by visiting one of the branches.

How can I redeem the units invested in my scheme?

You can either redeem it online through the AMC’s website or by sending a duly signed redemption request to the AMC.

How much time does it take to receive the proceeds from redemption?

The time frame for receiving the proceeds from redemption will come down to the type of scheme you have opted.

How are the proceeds from redemption paid out?

The proceeds from redemption shall be transferred directly to the investor’s bank account.

Can I switch between plans and schemes?

Switching can be done by filling up and submitting the ‘Transaction Form for Financial Transactions’ at any L&T Investor Service Centre. Switching can also be done through the company website.

What is the process for investing via SIPs?

To invest via SIP, follow the below steps:

  • Become KYC Compliant

  • Look for a suitable scheme to invest in

  • Decide on the amount to be invested on a monthly basis

  • Choose the payment date

  • Submit the form

How can a SIP be cancelled?

To cancel investments via SIP, fill up SIP Pause Form & Cancellation Form for Systematic Transactions and submit it at any L&T Investor Service Centre.

Is it possible to know how my scheme is performing?

Yes, it is. The performance of a scheme can be assessed by looking at the Net Asset Value (NAV). The NAV will be listed on the AMC’s website.

How much of my returns will my nominees get?

The returns will come down to the performance of the schemes where the investor's funds have been parked in. The proportion of the returns given to the nominees will depend on the percentage allotted to them in the nomination form.

How do I buy L&T Mutual Fund plan online?

Individuals who are interested in investing in schemes of L&T Mutual Fund can do so on the company’s website. All that the investor needs to do is click on the ‘Register’ tab and fill in all the necessary details. If the user is KYC compliant, then he or she can register online and begin making transactions right away. If the user is not KYC compliant, he or she has to complete eKYC using PAN or Aadhaar and can only then start making transactions.

How do I contact L&T Mutual Fund Company?

L & T Mutual Fund can be contacted via the following means:

Telephone: 1800 2000 400 (toll free) or 91 22 6655 4000 or 044 6604 4650 Email: investor.line@lntmf.co.in Corporate Office: L&T Investment Management Ltd, 6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai - 400098, Maharashtra, India

How do I login L&T Mutual Fund Company website?

Investors can log in on the L&T Mutual Fund Company website by entering their user ID and password.

What is L&T Mutual Fund Company's contact number?

L&T Mutual Fund can be reached on 91 22 6655 4000 or 044 6604 4650.

What kind of investor should put money in a smallcap scheme?

In small-cap funds, there is 65% to 90% exposure to stocks of small companies. Those who want to take on higher risks can consider investing in this category.

Which L&T mutual fund scheme should I invest?

Investors can choose from a wide range of scheme options to park funds in. Those who are willing to take higher risk can go for equity scheme options, whereas debt funds are a more suitable option for those who wish to remain a bit on the safer end.

Who is eligible for L&T Mutual Fund?

The below-mentioned entities can invest in L&T Mutual Fund schemes:

  • Indian residents

  • Charitable or Religious Trusts

  • Hindu Undivided Families

  • Partnership Firms

  • Scientific and/or industrial research organizations

  • Individuals in the armed forces and paramilitary forces

  • NRI and Foreign Institutional Investors (FIIs) have been granted special permission by the banking regulator under Schedule 5 of the Foreign Exchange Management Regulations, 2000 for investing in mutual funds, subject to certain conditions.

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