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).
The salient features of the schemes offered by the fund house are:
| 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) |
| 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) |
| 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) |
| 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
The following entities can invest in the mutual fund schemes of the fund house:
The below-listed documents have to be attached with the registration form
If one is not KYC-compliant:
If one is KYC-compliant:
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.
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.
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.
