L&T Mutual Fund

The asset management company of L&T Mutual Fund, L&T Investment Management, was founded in 1996 and operated under L&T Finance Holdings Limited, a publicly-listed company registered with RBI as an NBFC. The AMC offers fixed income, financial planning, asset management, mutual funds, equities, advisory services, and investment services. The investment management company is set up to meet the needs of investors through its varied range of mutual fund schemes. The AMC currently manages assets worth about INR 78,000 crores, and its offerings include 36 equity funds, 71 debt, and 24 hybrid funds.

Top 10 L&T Mutual Fund Schemes –

Fund Name
Category
Rating
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns
L&T Emerging Businesses Fund Equity 3 8,395 10.5 28.9 14.8
L&T India Value Fund Equity 2 7,833 0.8 19.4 11.2
L&T Midcap Fund Equity 2 6,674 -0.5 18.8 10
L&T Infrastructure Fund Equity 3 1,448 7.1 18.5 9.6
L&T Business Cycles Fund Equity - 570 5.9 17.4 9.6
L&T Large & Midcap Fund Equity 2 1,576 3 16.6 10
L&T FMP – Series XVII – Plan B – Direct Growth Debt - 298 -1.6 15.4 14
L&T FMP – Series XVIII – Plan C – Direct Growth Debt - 42 -1.6 15.4 14
L&T Tax Advantage Fund Equity 2 3,254 -0.7 14.9 8.9
L&T Flexi Cap Fund Equity 2 2,884 -0.1 14.5 9.9
L&T FMP – Series XVIII – Plan B Growth Debt - 247 11.1 14.4 14
L&T FMP – Series XVIII – Plan D Growth Debt - 54 11.1 14.4 14
L&T India Large Cap Fund Equity 2 745 -1 14.3 11.5
L&T Focused Equity Fund Equity 3 969 -3.4 13.8 -
L&T Hybrid Equity Fund Hybrid 2 4,686 -1.4 12.7 8.7
L&T Equity Savings Fund Hybrid 2 191 3.6 11.1 8
L&T Balanced Advantage Fund Hybrid 3 1,885 0.6 9.2 8.5
L&T Conservative Hybrid Fund Hybrid 3 36 1.5 6.8 6.5
L&T Resurgent India Bond Fund Debt 3 699 2.3 6.8 6.3
L&T Triple Ace Bond Fund Debt 2 6,963 1.1 6.5 7.2
L&T Gilt Fund Debt 2 245 1.8 5.8 6.4
L&T Short Term Bond Fund Debt 2 3,522 2.2 5.7 6.5
L&T Flexi Bond Fund Debt 3 40 2.2 5.6 6.4
L&T Banking and PSU Debt Fund Debt 2 4,530 0.8 5.5 6.3
L&T Credit Risk Fund Debt 2 161 3.3 5.5 4.9
L&T Low Duration Fund Debt 3 784 3.8 5.5 5.6
L&T Arbitrage Opportunities Fund Hybrid 4 2,573 3.9 4.7 5.4
L&T Ultra Short Term Fund Debt - 1,668 3.9 4.6 5.9
L&T Ultra Short Term Fund Debt 3 1,668 3.9 4.6 5.8
L&T Money Market Fund Debt 1 806 3.7 4.6 6
L&T Liquid Fund Debt 2 7,782 4.1 4 5.2
L&T Overnight Fund Debt 3 1,846 3.9 3.6 4.6
L&T Nifty 50 Index Fund Other - 109 -1.7 - -
L&T Nifty Next 50 Index Fund Other - 60 0.4 - -

L&T Mutual Fund has solid investment management practices and a knowledgeable team of fund managers. Its philosophy is to assure gains for investors through active portfolio management and research-backed stock selection. The company has a physical presence across India through sales offices and service centres. It also provides SIP mutual funds, mutual fund calculator, returns calculator, investment news, ELSS tax saving fund, and other tools on its website to allow investing online. The L&T Mutual Fund Online in India is known for its transparent and intuitive interface.

The company relies on sound investment management practices to deliver risk-adjusted returns to investors. This is across its various equity, debt, and hybrid investment solutions that continue to outperform key indices at every turn. L&T is aided by an experienced and knowledgeable management team and strong intellectual capital accumulated over the years. A tech-enabled platform with an intuitive interface makes it all the simpler to buy L&T Mutual Funds online.

L&T Finance’s investment management arm got its start being carved from its big treasury desk. The company acquired DBS Chola in 2010 and Fidelity Mutual Funds in 2012, officially entering the big leagues in Indian capital markets. Since then, the company has witnessed steady growth with evergrowing AUMs and market-beating fund performances. The company successfully used these acquisitions to expand its retail and equity presence further, arrest the AUM tilt towards debt, and has since performed well, with AUMs growing from INR 12,000 crores in 2012 to INR 78,000 crores today. However, the staggering growth rates fell short of peers such as Axis Mutual Fund and Mirae, who jumped ranks and continue to rule the roost in Indian equity markets.

L&T Investment Management is now 100% owned by HSBC Asset Management. While the operating structure and management remain in place, this can add plenty of value to investors, given HSBC’s global exposure and substantial track record in this niche. With the parent company’s presence in key markets and the synergies arising from this acquisition, the merged entity can unlock substantial value across the board.

L&T Mutual Fund Key Information

Name of the Mutual Fund L&T Mutual Fund
Asset Management Company Name L&T Investment Management Ltd.
Founded on 3rd January 1997
Date of Incorporation 25th April 1996
Sponsor Name L&T Finance Holdings Ltd.
Trustee Name L&T Mutual Fund Trustee Ltd.
Chairman Mr M.V. Nair
Managing Director & Chief Executive Officer Mr Kailash Kulkarni
Chief Operating Officer Mr Soumendra Nath Lahiri
Auditor M/s Sharp & Tannan
Ravindra Annexe,
194, Churchgate Reclamation,Dinshaw Vachha Road,Mumbai 400020
Registered Office 6th floor, Brindavan,
Plot No. 177, CST Road,
Kalina, Santacruz (E),
Mumbai – 400 098
Tel: +91 22 66554000
Fax : + 91 22 66554070

 

L&T Mutual Fund – Top Fund Managers

Mr Venugopal Manghat

Currently serving as the co-head of equities at L&T Mutual Fund, Mr Venugopal Manghat has a total experience of over 27 years in the Indian equity market. He has experience in three areas of investment management – dealing, research and fund management. He manages an AUM of around INR 33,628 crore, and his portfolio includes L&T Equity Savings Fund, L&T India Value Fund, L&T Equity Fund, L&T Tax Advantage Fund, and many others. Before joining L&T Mutual Fund, Mr Manghat was the Co-head of Equities at Tata Asset Management, where he worked for more than 16 years.

Mr Soumendra Nath Lahiri

The present CIO and Head of Equities at L&T Mutual Fund, Mr Soumendra Nath Lahiri, manages assets worth INR 31,000 crores across multiple schemes, including L&T Infrastructure Fund, L&T Hybrid Equity Fund, L&T Midcap Fund, L&T Tax Advantage Fund, L&T Equity Fund, etc. He worked at Canara Robeco Asset Management Company as Head of Equities and fund manager before joining L&T Mutual Fund.

Mr Vihang Naik

Vihang Naik is a fund manager at L&T Investment Management with an overall experience of 11 years in equity research. He manages L&T Long Term Advantage Fund and L&T Emerging Opportunities Fund and co-manages L&T Midcap Fund. Before this, he was a Research Analyst with MF Global Sify Securities, Motilal Oswal Securities and SBI Cap Limited. He manages an AUM of INR 29,807 crores.

Mr Vikas Garg

After joining as the head of credit research in 2014, Mr Vikas Garg has been the portfolio manager of fixed income since 2017. Managing a portfolio worth INR 11,700 crores across 16 leading fixed income schemes, he is currently one of the top fund managers in the fixed income space across the country. Mr Vikas Garg has an extensive background in credit research working with companies like FIL Fund Management and ICRA, among others.

Cheenu Gupta

L&T Mutual Fund appointed Cheenu Gupta as a fund manager in 2021. She manages 5 schemes of L&T Mutual Fund – L&T Hybrid Equity Fund, L&T Tax Advantage Fund, L&T Large and Midcap Fund, L&T Equity Savings Fund and L&T Conservative Hybrid Fund. In addition, she also co-manages 4 schemes – L&T Infrastructure Fund, L&T Business Cycles Fund, L&T India Large Cap Fund and L&T Balanced Advantage Fund.

She has over 16 years of work experience. Before this, she worked at Canara Robeco MF, ING Investment Management and Tata AIA Life Insurance.

How Can You Invest in L&T Mutual Fund?

You can invest in any L&T Mutual fund scheme via 5paisa App and Website. You will need an All-in-one account with 5paisa to start your mutual fund investments. If you do not have one, open an account today!

Opening an All-in-one account with 5paisa is simple and hassle-free.

You can follow the below steps to invest in L&T Mutual Fund on 5paisa.

Step 1 – Login to 5paisa. If you do not have an account, you can register and create a new one immediately. The process is simple and takes hardly any time.

Step 2 – Once logged in to your account, you can search for the preferred L&T Mutual fund scheme. Alternatively, you can view All Mutual Funds and choose L&T AMC from the filter. The page will show you all the mutual funds offered by the AMC. You can look at the funds’ details and compare them.

Step 3 – Select the best fund as per your requirements and goals. For your convenience, 5paisa has segregated the funds into large-cap, mid-cap, small-cap, multi-cap, ELSS, dividend yield, sectoral/thematic and focused. Each category will also show the top funds you can invest in.

Step 4 – If you wish to invest a lumpsum amount, click on “One-Time.” Alternatively, you can start a SIP by clicking on “Start SIP”. You can also find lump sum and SIP calculators on the 5paisa website and app to calculate the estimated return on the whole investment period. The calculator will help you make an informed decision and tweak your investment amount or tenure to meet your goals.

Step 5 – Once you have paid, you will see the investment status in your order book.

Your L&T Mutual Fund Online Investment with 5paisa is complete, and you can enjoy the returns!

The Top Funds of L&T Mutual Fund

L&T Arbitrage Opportunities Fund – Direct Plan-Growth

The current AUM of the L&T Arbitrage Opportunities Fund is INR 2,979 crores. This fund invests about 66.79% in domestic equities, with a majority investment in large-cap stocks. The portfolio comprises 41.24% large-cap stocks, 16.07% mid-cap stocks and 5.27% small-cap stocks. This fund also invests 28% in debt with a majority stake in government securities.

The annualised returns of this hybrid fund have been 4.81% in the last three years and 5.61% in the last five years.

You can start investing in this fund with a minimum lump sum amount of INR 5,000 or a minimum SIP value of INR 500.

L&T Emerging Businesses Fund Direct-Growth

The L&T Emerging Businesses Fund Direct-Growth is an equity fund that invests about 97% in small-cap stocks. It also invests a small amount of about 3% in cash. This mutual fund has delivered a return performance of 14.15% in the last year. The fund has given 26.04% returns in the past three years and 13.45% in five years. The AUM of this fund is INR 7,335 crores.

You can invest in this fund with a minimum lump sum amount of INR 5,000 or a minimum SIP value of INR 500. For your second investment, you can give a minimum amount of INR 1000.

L&T India Value Fund Direct-Growth

This is an equity fund with a 97.15% investment in domestic equities. Of this, 54.25% is in large-cap stocks, 17.04% is in mid-cap stocks, and the remaining 18.59% is in small-cap stocks. The AUM of L&T India Value Fund Direct-Growth is INR 6,886 crores. This fund has given a return performance of 6% in the last year. This fund has delivered returns of 17.15% in the past three years and 9.99% in the past five years.

You can invest in this fund with a minimum lump sum amount of INR 5,000 or a minimum SIP value of INR 500.

L&T Infrastructure Fund Direct-Growth

Here is an equity fund from L&T that invests 98.39% in domestic stocks. Of this, 33.49% is in large-cap stocks, 23.59% is in mid-cap stocks, and 36.22% is in small-cap stocks. The AUM of L&T Infrastructure Fund Direct-Growth is INR 1,251 crores. This fund delivered a return performance of 11.1 % in the last year. In the last three and five years, the returns of this fund have been 16.53% and 8.76%, respectively.

You can invest in this fund with a minimum lump sum amount of INR 5,000 or a minimum SIP value of INR 500.

L&T Focused Equity Fund Direct-Growth

Here is another equity fund of L&T Mutual fund that invests primarily in domestic stocks. Of the 93.01% investment in domestic equities, 66.89% is in large-cap stocks, 9.7% is in mid-cap stocks, and 13.93% is in small-cap stocks. The AUM of L&T Focused Equity Fund Direct-Growth is INR 899 crores. This fund was launched in 2018 and delivered a performance return of 0.3 % last year. Over the past three years, it has given a return of 14.14%.

You can invest in this fund with a minimum lump sum amount of INR 5,000 or a minimum SIP value of INR 500.

L&T Hybrid Equity Fund Direct-Growth

Here is a fund that invests in both equities and debt. It invests 71.16% in domestic equities, and the remaining 23.67% is in debt instruments. In the stocks, the fund invests 36.93% in large-cap stocks, 13.1% in mid-cap, and 5.59% in small-cap stocks. In the debt instruments, it invests 14.93% in government securities, and 8.74% is in low-risk securities.

The AUM of L&T Hybrid Equity Fund Direct-Growth is INR 4,322 crores. The fund has given a return performance of 1.7% in the last year. In the last three and five years, the fund has delivered returns of 11.78% and 7.89%, respectively.

You can invest in this fund with a minimum lump sum amount of INR 5,000 or a minimum SIP value of INR 500.

L&T Balanced Advantage Fund Direct-Growth

This fund from L&T Mutual Fund invests in both equities and debt securities. It invests 66.36% in domestic equities, which includes 47.98% in large-cap stocks, 9.1% in mid-cap stocks and 5.36% in small-cap stock investments. This fund also has 32.17% investment in debt, which includes 25.85% investment in government securities and 6.32% in low-risk securities.

The AUM of L&T Balanced Advantage Fund Direct-Growth is INR 1,879 crores. To invest in this fund, you can start with a minimum lump sum amount of INR 5,000 or a minimum SIP value of INR 500.

L&T Conservative Hybrid Fund – Direct Plan-Growth

This mutual fund falls in the hybrid category and invests in equities and debt. However, the investment in debt is much more, with about 71.78% of the fund allocation in debt securities. The investment in such government securities is 65.87%, and 5.91% is in low-risk securities.

The fund allocates 23.48% in domestic equities with 10.02% in large-cap stocks, 1.85% in mid-cap stocks, and 4.81% in small-cap stocks. This fund has given a return of 2.8% in the last year and 6.66% in the past three years. The fund’s performance has delivered returns of 6.22% in the past five years.

The AUM of L&T Conservative Hybrid Fund – Direct Plan-Growth is INR 35 crores. You can apply for this fund with a minimum lump sum investment of INR 10,000 and a minimum SIP value of INR 1000.

L&T Resurgent India Bond Fund Direct-Growth

This fund invests majorly in debt securities, with about 95.63% in debt instruments. It invests 28.11% in government securities and 67.52% in low-risk securities.

This AUM of L&T Resurgent India Bond Fund Direct-Growth is INR 701 crores. This fund has delivered a return of 2.9% in the last year. This fund has given 6.63% and 6.35% returns in the last three and five years.

You can invest in this fund with a minimum lump sum amount of INR 5,000 or a minimum SIP value of INR 1,000.

L&T Short Term Bond Fund Direct-Growth

This fund invests 98.58% in debt securities, with about 48.34% in government securities and 50.24% in low-risk securities. The AUM of this fund is INR 3,895 crores. This fund delivered a return performance of 2.4% last year. The returns in the past three and five years have been 6.09% and 6.63%, respectively.

You can apply for this fund with a minimum lump sum investment of INR 10,000 and a minimum SIP value of INR 1000.

Frequently Asked Questions

You can easily invest in any of your preferred L&T mutual funds by making an account at 5Paisa. You can follow a simple process to get your mutual fund started. Another option is to log in to the fund’s AMC website to invest in a mutual fund online. Alternatively, you can use any other online platform to invest in an L&T mutual fund.

You can also do it offline by visiting an office of the fund house, filling out the form and completing the other formalities.

The answer depends upon your financial goals. The 5paisa mutual fund SIP calculator can help you discern the expected returns by changing your SIP amount and tenure. It is advisable to keep the amount to a reasonable amount so that your monthly budget is not affected.

You can calculate the SIP amount by considering a few factors. The expected interest rate, past performance of the mutual fund, your goals and objectives, and preferred tenure for the fund can help you decide the SIP amount.

The minimum amount for each L&T mutual fund depends on your selected option. However, the lowest amount you can choose for an IDFC mutual fund SIP is INR 500, while it is INR 5000 for a lump sum investment.

Yes, it is possible to increase your SIP amount even when you have already started your fund investments. You can opt for either top-up or step-up facilities. Most fund houses now offer this facility compared to a few years earlier when the SIP amount was fixed throughout the tenure. It is advisable to check with your fund house and get an idea of the SIP amount before deciding.

Yes, you can easily stop your SIP investments by sending a request to cancel your SIP. Make sure you have completed three years if your fund is an Equity Linked Saving Scheme or ELSS. You must share your folio number to complete this process online. For other online websites, you can follow their process to stop your investment.

Stopping your investment does not mean you are redeeming your mutual fund. You can let your investment stay and withdraw at an appropriate time.

You can redeem or withdraw your L&T mutual fund by visiting the office of the fund house and filling out the required form. It is also possible to redeem your L&T mutual fund by logging in to the fund’s official website and signing in the folio number.

If you used an online platform to invest in a mutual fund, you could log in to exit your L&T mutual fund.

With 5Paisa, you can easily invest in L&T Mutual Fund and other investment options at ZERO commission. In addition, investing with 5Paisa is safe and enables you to the benefits such as:

  • Professional Management
  • Simple SIP or lump sum investment process
  • Liquidity Transparency
  • You can invest in mutual funds by starting a SIP as low as INR 500 or with a lump sum of INR 5000
  • Flexibility to choose from a wide range of options
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