L&T Mutual Fund nav and scheme details
L&T Investment Management Ltd. is an asset management company that manages L&T mutual funds. Which in turn is owned by a publicly listed NBFC, L&T Finance Holdings Ltd. L&T mutual fund is one of the leading fund houses of the country.
L&T offers a wide range of products for investors to choose from. And most of the funds have performed consistently in the past. While past performance is not an indication of how the fund is going to perform in the future, it builds confidence among investors. Thus, more investors find themselves opting for L&T mutual funds.
Under the banner of L&T Mutual fund, you can find equity funds, hybrid funds, fixed-income funds and close-ended funds. Based on the time horizon that you are looking at or your financial goals, you can select one of these funds.
L&T Mutual Fund Scheme Details
Here are some of the most popular funds that you can choose from.
L&T Emerging Businesses Fund
L&T emerging business fund predominantly invests in smaller sized companies. The companies that show a lot of growth potential over a period of time. Usually, these companies are in their early stages and the right ones can offer a lot of growth opportunities.
On the flip side, you might see a lot of fluctuations in your fund value as compared to a fund that invests in medium-sized companies or large-sized companies. L&T emerging business fund has a very high-risk profile and must only be considered for long term wealth creation.
The current fund size is INR 7554.86 crores. And the fund has an exit load of 1% for all redemptions exceeding 10% of the total value, made within a year of investing in the fund.
You can opt for the L&T emerging business fund direct growth fund type for better returns. When you choose L&T emerging business fund direct growth fund, over the regular growth fund, the lesser costs help you gain more capital.
Since it is a growth type of fund, any profits or income generated by the fund is not handed out to the investors. Rather the amount is reinvested in the fund or held in cash for later investments.
L&T Midcap Fund
L&T midcap fund invests majorly in companies that are medium-sized. These companies offer a good balance between steadiness during market fluctuations and growth. As compared to funds investing in large-sized companies, L&T midcap fund value would fluctuate a bit more.
To make the most of the fund, you should give it a time frame of 5 to 7 years. The fund has a very high-risk profile, thus conservative investors might not find it suitable. A longer time frame will help you easily beat inflation and generate healthy returns.
The current fund size is at INR 739.61 crores. And the fund has an exit load of 1% for all redemptions exceeding 10% of the total value, made within a year of investing in the fund.
L&T Tax Advantage Fund
L&T tax advantage fund invests in a diversified equity portfolio. The fund comes under the ELSS category and is one of the most sought after funds from the L&T Mutual Fund. You can use the fund for wealth creation and tax benefits as well.
Investments under the L&T tax advantage fund scheme offer your tax deductions of up to INR 1.5 lakhs per year under Section 80C of the Income Tax Act.
The current fund size is at INR 3528.97 crores. As is the case with all other ELSS or Equity Linked Savings Schemes, the fund has a lock-in period of 3 years. You can only redeem after this period. The fund has a very high-risk profile but might offer quite healthy returns on investments as well.
L&T Conservative Hybrid Fund
L&T conservative hybrid fund invests a major chunk of funds in bonds and the remaining in equity. This blend of investment makes it ideal for investors who do not wish to take a lot of risks. The fund usually offers better returns than fixed income options.
The current fund size is at INR 37.97 crores. And the fund has an exit load of 1% for all redemptions exceeding 10% of the total value, made within a year of investing in the fund.
The fund is also suitable for investors who are looking for a regular income source. Investments in debt ensure a steady stream of returns without a lot of risks. The fund has a risk profile of moderate to high.
Conclusion
L&T mutual fund currently has more than 23.2 lakh active portfolios and Asset Under Management of INR 77,509 crores. Investors have the option to choose from more than 43 different funds. Whether you are looking for tax savings schemes, long term wealth creation or a temporary parking fund, L&T might have the right solution for you.
