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L&T Mutual Fund: NAV, Performance & Latest MF Schemes

L&T Mutual Fund is the 12th largest mutual fund house by asset size in India. The fund house manages assets worth (AUM) INR 72, 873.58 cro AUM as of March 31, 2021. As of January 31,2021, their AUM was INR 68,476.08, which had gone up by  INR 5919.09 Cr from its INR 63057.2 Cr in September 2020.

L&T Mutual Fund is a wholly-owned subsidiary of L&T Finance Holdings Limited, a renowned listed company registered with RBI as an NBFC. Its stress has been on delivering superior long-term risk-adjusted-performance. L&T Mutual Fund follows a disciplined approach to investment and risk management known as GEM: Generation of new ideas for both equity and fixed-income funds, Evaluation of companies based on various filters & parameters and, monitoring of portfolios and choosing those that have the most potential. L&T Mutual Fund holds over 2, 534,445 live folios and 42 Investor Service Centres ( April 16, 2021)

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L&T Mutual Fund offers a wide variety of schemes to investors. It offers Equity Funds, Fixed Income Funds, Hybrid Funds, FMPs & Closed-Ended Funds and Smart SIP combos. Some well-known equity schemes from its stable are L&T Midcap Fund, L&T Emerging Businesses Fund etc. L&T Mutual Fund also offers some good debt funds. Some prominent debt schemes are L&T Short-Term Bond Fund, L&T Credit Risk Fund, L&T Liquid Fund etc., L&T Hybrid Equity Fund, and L&T Arbitrage Opportunities Fund, which are well-known names in the hybrid schemes category. 

L&T Mutual Fund has some of the best fund managers. The CEO is Kailash Kulkarni, the Head of Equity Investments is Venugopal Manghat, and the Head of Fixed-Income Investments is Shriram Ramanathan. Vihang Naik manages L&T Midcap Fund and L&T Emerging Businesses Fund. Jalpan Shah is specialized in managing various debt schemes of the fund house. Praveen Ayathan manages hybrid schemes like L&T Balanced Advantage Fund and L&T Arbitrage Opportunities Fund. 

The vision of the fund house is to be an admirable, inspirational and sustainable financial institution of the country. 

Important Information About L&T Mutual Fund


 Name of the AMC
L&T Investment Management Limited
Incorporation Date30 April 1996
SponsorsL&T Finance Holdings Limited 
Trustee
L&T Mutual Fund Trustee Limited
Trustees’ NameMr Hemant Yeshwant Joshi, (Independent Director) Mr Shailesh Vishnubhai Haribhakti, (Associate Director) Shriniwas Yeshwant Joshi (Independent Director) Mr Jayant Gokhale (Independent Director)  
Chief Executive Mr Kailash Kulkarni
Compliance OfficerL&T Investment Management Ltd.,  Brindavan, Plot No. 177, C.S.T Road, Kalina,  Mumbai 400 098 Contact No.: 022-66554115 complianceofficer@lntmf.co.in
Investor Relations Officer Mr Ankur Banthiya  
Registrar and Transfer agentM/s. Link Intime India Pvt. Ltd.  Address for correspondence C-101, 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai 400 083 Tel.No. +91 22 49186000 Fax No. +91 22 49186060 Email: ltfinbuyback@linkintime.co.in Toll Free No. 1800 2208 78
Toll-free Number 1800 2000 400
Email Addressinvestor.line@lntmf.co.in
Registered AddressL&T Investment Management Ltd, 6th Floor, Brindavan Plot No 177, CST Road, Kalina, Santacruz (E) Mumbai – 400098 Maharashtra, India.

Ten Top-Performing L&T Mutual Fund Schemes 

L&T Mutual Fund caters to investors with multiple needs, risk profile as well as the horizon of investment. The funds’ performance is calculated based on various parameters such as historic performance, fund manager’s track record, return consistency and the AUM growth of the mutual fund. Investors can choose from over 140 L&T Mutual Fund schemes across different categories. 

Here is a list of the ten best-performing L&T mutual fund schemes in India

1. L&T India Large Cap Fund (Category-Equity: Large Cap; Regular, Growth)

L&T India Large Cap Fund is considered suitable to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities, including equity derivatives, in the Indian markets. The scheme predominantly invests in large-cap stocks. The scheme could also additionally invest in Foreign Securities.

L&T India Large Cap Fund is an Equity – Large Cap fund that was launched on Oct 23, 2007. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10% since its launch. Ranked 56 in the Large Cap category, its NAV is INR 34.0990 (April 15, 2021). The fund has been giving 7.92% average annual returns since inception. The benchmark for this scheme is S&P BSE 100 TRI Index. The Annual Recurring Expenses of the L&T India Large Cap Fund -Regular Plan- is 2.25% (As on 31st March 2021) and on Direct Plan is 1.41% (As on 31st March 2021.) This product is suitable for investors who are seeking long term capital appreciation, investment in equity and equity-related securities, including equity derivatives in the Indian markets and foreign securities; with predominant investments in large cap stocks.

Key Information

Minimum InvestmentINR 5,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadIf the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1% of applicable NAV. If units are redeemed or switched out on or after 1 year from the date of allotment: Nil. No Exit load/CDSC will be chargeable in case of switches made between different options of the Scheme.  No Exit load will be chargeable in case of (i) Units allotted on account of dividend reinvestments; and (ii) Units issued by way of bonus, if any.
Fund sizeINR 605.57 Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  2.25% (As on 31st March 2021)

1.41% (As on 31st March 2021)

2. L&T Triple Ace Bond Fund (Category-Debt: Corporate Bond; Regular, Growth)

L& T Triple Ace Bond fund is suitable to generate regular and stable income for the unitholder of the Scheme. The fund is invested predominantly in AA+ and above rated debt and money market instruments. The corpus of the scheme would be invested primarily in debt market securities such as nonconvertible debentures, bonds issued by corporate, bank and government, commercial paper, certificate of deposits and other money market instruments. The scheme would invest predominantly in securities rated by the Credit Rating and Information Services of India Limited (CRISIL) or any other rating agency. 

L&T Triple Ace Bond Fund is a Debt – Corporate Bond fund that was launched on Jun 9, 1997. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.5% since its launch. Ranked 39 in the Corporate Bond category, it has a NAV of INR 57.0549 (April 15, 2021). The benchmark for this scheme is CRISIL Composite Credit Risk Index.

Key Information

Minimum InvestmentINR 10,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadIf the amount sought to be redeemed or switched out is invested for a period of up to 30 days from the date of allotment. : 0.5% of applicable NAV If the amount sought to be redeemed or switched out is invested for a period of more than 30 days from the date of allotment. : NIL
Fund sizeINR 6,294.85Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  0.63% (As on 31st March 2021)

0.27% (As on 31st March 2021)
  
  

3. L&T Hybrid Equity Fund (Category-Hybrid: Aggressive; Regular-Growth)

L&T Hybrid Equity Fund seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities and to generate reasonable returns through a portfolio of debt and money market instruments. L&T Hybrid Equity Fund is a Hybrid Equity fund that was launched on Feb 7, 2011. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.6% since its launch. This fund is ranked 5 in the Hybrid Equity category. The benchmark for this fund is CRISIL Hybrid 35+65 – Aggressive Index. It has a NAV of INR 32.3750 ( April 15, 2021).

Key Information

Minimum InvestmentINR 5,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadIf the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1 % of Applicable NAV. If units are redeemed or switched out on or after 1 year from the date of allotment: NIL. A switch-out or a withdrawal under SWP may also attract an Exit Load like any Redemption. No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme. No Exit Load will be chargeable in respect of redemption/switch out of (i) Units allotted on account of dividend re-investments; and (ii) Units issued by way of bonus, if any.
Fund sizeINR 5,732.90 Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.76% (As on 31st March 2021)


0.80% (As on 31st March 2021)
  
  

4. L&T Balanced Advantage Fund (Formerly Known As L&T Dynamic Equity Fund)  (Category-Hybrid: Dynamic Asset Allocation; Regular, Growth)

L&T Dynamic Equity Fund seeks to generate long-term capital appreciation from a diverse portfolio of equity and equity-related securities and to generate reasonable returns by investing in a portfolio of debt and money market instruments and arbitrage opportunities in the cash and derivative segments of the equity markets. L&T Dynamic Equity Fund is a Hybrid – Dynamic Allocation fund that was launched on Feb 7, 2011. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.1% since its launch. Ranked 28 in the Dynamic Allocation category, it has a NAV of INR 28.9420 (April 15, 2021). The benchmark for this fund is 50% – S&P BSE-200 TRI Index and 50% CRISIL Short-Term Bond Fund Index.

Key Information

Minimum InvestmentINR 5,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadIf the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: Nil. A switch out or withdrawal under SWP or transfer under STP (Except a transfer under STP (except a switch out or transfer under STP into any of the equity schemes or Fund of Fund schemes) may also attract an exit load/cdsc like any redemption. No Exit Load/CDSC will be chargeable in case of switches made between different options of the Scheme. No Exit Load will be chargeable in respect of redemption / switch out of redemption of; (i) Units allotted on account of dividend. In case of units switched out/systematically transferred to another option/plan within the same plan/Scheme and if subsequently redeemed, for the purpose of determining the Exit Load, the date when such units were first allotted in the respective plan/Scheme will be considered as the purchase/allotment date.
Fund sizeINR  1,014.10  Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.95% (As on 31st March 2021)

0.70%  (As on 31st March 2021)

5. L&T Banking and PSU Debt Fund (Category-Debt: Growth; Regular, Growth)

L&T Banking and PSU Debt Fund are to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India. L&T Banking and PSU Debt Fund is a Debt – Banking & PSU Debt fund that was launched on Sep 12, 2012. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 5% since its launch. It is ranked 39 in the Banking & PSU Debt category. Its NAV is INR 19.4495 (April 15, 2021). The benchmark for this fund is NIFTY Banking & PSU Debt Index.

Key Information

Minimum InvestmentINR 10,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadNIL
Fund sizeINR  6,060.61Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  0.61% (As on 31st March 2021)

0.21% (As on 31st March 2021)
  
  

6. L&T Gilt Fund Regular (Category-Debt: Growth; Regular, Growth)

L&T Gilt Fund seeks to generate returns from a portfolio of investments in Government Securities. L&T Gilt Fund is a Debt – Government Bond fund that was launched on Mar 29, 2000. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.3% since its launch. Ranked 10 in the Government Bond category, it has a NAV of INR 53.5978 (April 15, 2021). The benchmark for this fund is CRISIL Corporate Bond Composite Index.

Key Information

Minimum InvestmentINR 10,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadNIL
Fund sizeINR  282.82 Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.70% (As on 31st March 2021)

0. 45% (As on 31st March 2021)
  
  

7. L&T Short Term Bond Fund (Category-Debt: Short Duration Fund; Regular, Growth)

The investment aim of the scheme is to generate returns for investors with a short-term investment horizon by investing in fixed-income securities of shorter-term maturity. It aims to generate regular returns and capital appreciation by investing in debt, government and money market securities. L&T Short-Term Bond Fund is a Debt – Short-term Bond fund that was launched on Dec 27, 2011. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 8.3% since its launch. It is ranked 50 in the Short-Term Bond category. Its NAV is INR 20.8765 (April 15, 2021). The benchmark for this fund is NIFTY Short Duration Debt Index.

Key Information

Minimum InvestmentINR 10,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadNIL
Fund sizeINR  4,515.41 Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  0.75% (As on 31st March 2021)

0.25% (As on 31st March 2021)

8. L&T Flexicap Fund (Formerly known as L&T Equity Fund) (Category-Equity: Multi-Cap; Regular, Growth)

L&T Equity Fund seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. This is an Equity – Multi-Cap fund that was launched on May 16, 2005. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.9% since its launch. Ranked 25 in the Multi-Cap category, its NAV is INR  100.3870 (April 15, 2021). The benchmark for this fund is S&P BSE-500 TRI Index.

Key Information

Minimum InvestmentINR 5,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadNIL
Fund sizeINR  2,564.96 Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.88% (As on 31st March 2021)

1.24% (As on 31st March 2021)
  

9. L&T India Value Fund (Category-Equity: High Risk; Regular, Growth)

L&T India Value Fund aims to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities in the Indian markets with a higher focus on undervalued securities. The scheme could also additionally invest in Foreign Securities in international markets. This is an Equity – Value fund that was launched on Jan 8, 2010. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.9% since its launch. It is ranked 4 in the Value category. Its NAV is INR 45.6410 (April 15, 2021). The benchmark for this fund is S&P BSE 200 TRI Index.

Key Information

Minimum InvestmentINR 5,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadIf the units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 year from the date of allotment: Nil. If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1% of applicable NAV. If units are redeemed or switched out on or after 1 year from the date of allotment: Nil
Fund sizeINR  6,613.11Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.71% (As on 31st March 2021)

0.82% (As on 31st March 2021)

10. L&T Resurgent India Bond Fund (Formerly Known As L&T Resurgent India Corporate Bond Fund) (Category-Debt: Moderate Risk)

This fund seeks to generate income by investing primarily in debt and money market securities of fundamentally strong corporate/companies in growth sectors which are closely associated with the resurgence of the domestic economy, with the flexibility to follow a more conservative investment approach during economic downturns. L&T Resurgent India Bond Fund is a Debt – Medium-term Bond fund that was launched on Feb 2, 2015. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.7% since its launch. Its NAV is INR 15.8417 (April 15, 2021). 

Key Information

Minimum InvestmentINR 5,000
Minimum Additional Investment INR 1,000
Minimum Amount/ Number of Units for RedemptionINR 500 or 50 Unit
Exit LoadOn or before 1 year from the date of allotment or Purchase applying First in First Out basis – 1% of applicable NAV.After 1 years – NIL
Fund sizeINR  806.95 Cr (on April 15, 2021)
Annual Recurring Expenses (Regular Plan) Annual Recurring Expenses (Direct Plan)  1.50%  (As on 31st March 2021)

0.60% (As on 31st March 2021)

How Can You Invest in L&T Mutual Fund Via EduFund?

Investing in L&T mutual fund via Edufund is a simple, four-step process. 

Step 1 – Download the EduFund App from Google Play Store or Apple App Store and create an online account.

Step 2 – Select a scheme – Browse a wide range of L&T mutual fund schemes and choose the right scheme to suit your financial goals. You may invest in a Systematic Investment Plan (SIP) or a lump sum. The inbuilt recommendation engine suggests the best scheme for your financial objectives.

Step 3 – View and Track Your Transaction(s) – The amount you have invested will reflect in your EduFund account within four working days. You can track the L&T mutual fund NAV, account balance, statement, and other information in the app. Also, you can purchase, redeem, or switch L&T mutual fund units.

Step 4 – Speak with a Mutual Fund Counsellor – You can connect with a mutual fund consultant to discuss your goals and avail personalized advice. 

EduFund uses top-class authentication and encryption technologies to ensure bank-like secured transactions and safeguard your investments.  

Top 6 Best Performing Fund Managers At L&T Mutual Fund

The fund manager plays a critical role in driving value and generating growth for your investments. The following are the best-performing fund manager in L&T AMC whose funds have been consistently bringing some of the best returns. 

1. Mr Venugopal Manghat

Head – Equities

Mr Venugopal Manghat is Head – Equities at L&T Investment Management Limited. He manages the L&T India Value Fund, L&T Business Cycles Fund, L&T India Large Cap Fund and L&T Arbitrage Opportunities Fund. He also manages the equity component of the L&T Equity Savings Fund and L&T Monthly Income Plan. 

Mr Manghat has an experience of 25 years in equity markets in India. Before joining L&T Investment Management, he was Co-head of Equities at Tata Asset Management. He has worked for more than 16 years with Tata Asset Management Limited, having joined as a Management Trainee and has worked in various capacities, including as dealer for equity & debt, as a research analyst for equity & credit, as Head of Research and managing some key equity and hybrid schemes for the company. He started his career as a research analyst on the sell-side before joining Tata Asset Management. He holds a Bachelor of Mathematics degree and an MBA in Finance.

The major funds he handles include L&T India Large Cap Fund, L&T India Value Fund, L&T Conservative Hybrid Fund (Equity Component), L&T Equity Savings Fund (Equity Component), L&T Arbitrage Opportunities Fund, L&T Business Cycles Fund, L&T Equity Fund (Co-FM), L&T Large and Midcap Fund (Co-FM), L&T Tax Advantage Fund (Co-FM), L&T Balanced Advantage Fund (Formerly known as L&T Dynamic Equity Fund), (Equity Component) (Co-FM), L&T Infrastructure Fund, L&T Hybrid Equity Fund (Equity Component), L&T Midcap Fund (Co-FM), L&T Emerging Businesses Fund, L&T Focused Equity Fund (Co-FM), L&T Emerging Opportunities Fund Series – I (Co-FM) 17 L&T Emerging Opportunities Fund Series – II (Co-FM). As of March 31, 2021, he has an AUM of INR  39,348 Cr under 35 schemes. 

2. Mr Shriram Ramanathan

Head – Fixed Income

Mr Shriram Ramanathan oversees the management of more than INR 30,000 crore in assets across different fixed income funds. He has been with the Investment Management business since June 2012 and has over 20 years of experience in fixed income markets.

Before joining the Investment Management business, he was Portfolio Manager at Fidelity (FIL) Fund Management. In his previous roles, Shriram was managing the Global Emerging Market Debt (Asia) at ING Investment Management Asia Pacific in Hong Kong for about 5 years. His earlier assignments were with Zurich Asset Management Company in fixed income research and with the Treasury department of ICICI Bank, where he started his career in investments in 2000. Mr Ramanathan is a Chartered Financial Analyst and holds a Post-Graduate Diploma in Business Management from XLRI Jamshedpur and an Engineering degree from the University of Mumbai.

The mutual funds he manages at L&T include L&T Liquid Fund, L&T Low Duration Fund, L&T Credit Risk Fund, Fixed Maturity Plans (Co-FM), L&T Triple Ace Bond Fund, L&T Resurgent India Bond Fund, L&T Hybrid Equity Fund (Debt Component), L&T Short-Term Bond Fund, L&T Flexi Bond Fund, L&T Overnight Fund (Formerly known as L&T Cash Fund) (Co-FM), L&T Banking and PSU Debt Fund (Co-FM), L&T Gilt Fund (Co-FM), L&T Ultra Short Term Fund (Co-FM) and L&T Money Market Fund (Co-FM). He manages an AUM of INR 36,962 Cr under 12 schemes as of March 31, 2021.

3. Mr Praveen Ayathan

He has 28 years of experience and has been with L&T for the past eight years. Before joining L&T, he was with Kotak Asset Management Company as Manager-Equity Dealing. He is a mathematics graduate.  

The funds he handles at L&T mutual funds include Arbitrage Opportunities Fund (Co-FM), L&T Equity Savings Fund (Co-FM), L&T Balanced Advantage Fund (Formerly known as L&T Dynamic Equity Fund) (Co-FM), L&T Nifty 50 Index Fund and L&T Nifty Next 50 Index Fund. He manages an AUM of INR 3,581 Cr under 7 schemes as of March 31, 2021.

4. Mr Vihang Naik

Mr Vihang Naik is currently a Fund Manager at L&T Investment Management Ltd. Since 2012, he has been managing an AUM INR ₹31,947 Cr invested in 26 schemes as of March 31, 2021. He has 14 years of experience. 

Mr Naik was initially a Research Analyst at SBICAP Securities back in 2006. He joined Motilal Oswal Securities Ltd. in 2008 as a Research Analyst. In 2010, he moved to MF Global as a Research Analyst. He holds a BMS degree from the University of Mumbai. Mr Naik is also a Chartered Financial Analyst from the CFA Institute.

The funds he manages include L&T Equity Fund, L&T Large and Midcap Fund, L&T Tax Advantage Fund, L&T Balanced Advantage Fund (Formerly known as L&T Dynamic Equity Fund) (Equity Component), L&T Infrastructure Fund (Co-FM), L&T Hybrid Equity Fund (Equity Component) (Co-FM), L&T Midcap Fund, L&T Emerging Businesses Fund (Co-FM), L&T Focused Equity Fund, L&T India Large Cap Fund (Co-FM), L&T Emerging Opportunities Fund Series – I, L&T Emerging Opportunities Fund Series – II, L&T India Value Fund (Co-FM), L&T Business Cycles Fund (Co-FM), L&T Equity Savings Fund (Equity Component) (Co-FM) and L&T Conservative Hybrid Fund (Equity Component) (Co-FM).

5. Mr Jalpan Shah

Mr Jalpan Shah is currently the Portfolio Manager of Fixed Income at L&T Investment Management Ltd. He manages an AUM of INR 36,755 Cr under 51 schemes (March 31,2021). 

He was a Research Analyst at UTI Mutual Fund in 2004. In 2007, he joined Fidelity International as an Associate Trader of Fixed Income. Mr Shah has a degree in Mechanical Engineering from Sardar Patel University. He is an MBA in Finance from T. A. Pai Management Institute. 16 years of experience. 

The funds he manages include L&T Liquid Fund (Co-FM), L&T Ultra Short Term Fund, L&T Short-Term Bond Fund (Co-FM), L&T Flexi Bond Fund (Co-FM), L&T Gilt Fund, L&T Banking and PSU Debt Fund, L&T Overnight Fund (Formerly known as L&T Cash Fund), Fixed Maturity Plans, L&T Conservative Hybrid Fund (Debt Component), L&T Balanced Advantage Fund (Formerly known as L&T Dynamic Equity Fund) (Debt Portion), L&T Equity Savings Fund (Debt Portion), L&T Triple Ace Bond Fund (Co-FM), L&T Money Market Fund, L&T Arbitrage Opportunities Fund (Debt Portion), L&T Low Duration Fund (Co-FM), L&T Credit Risk Fund (Co-FM), L&T Resurgent India Bond Fund (Co-FM).

6. Mr Alok Ranjan

Mr Alok Ranjan is an investment professional with L&T Investment Management. He is an MBA from IIM Calcutta and a graduate from NIT Warangal where he graduated with an Institute Rank and a Gold Medal. He has over 8 years of domain experience, and his Sector coverage includes Auto and Auto Ancillaries, Infra, Cement, Capital Goods, Chemicals, Agri related and Oil and Gas. 

He manages L&T Equity Fund, L&T India Large Cap Fund, L&T Large and Midcap Fund, L&T India Value Fund, L&T Hybrid Equity Fund, L&T Emerging Businesses Fund, L&T Arbitrage Opportunities Fund, L&T Business Cycles Fund. He manages an AUM of INR 26,641 Cr under 12 schemes as on March 31, 2021.   

Why Invest in L&T MF Schemes? 

L&T Mutual Fund is one of the leading AMCs in India that offers a diverse range of schemes to cater to the specific requirements of the individuals based on their expected returns, risk-appetite, and other related factors. Individuals can purchase and redeem their funds at their convenience with little hassle, either through online or offline mode. L&T Mutual Fund evaluates companies by considering several parameters such as liquidity, business attractiveness, management track record, and much more. Investors can choose from options like Equity Fund, Fixed Income Fund, Hybrid Fund and Fixed Maturity Plans offered by the AMC.

L&T offers nearly 146 funds to choose from. The fund house manages assets worth (AUM) INR 72, 873.58 cro AUM as of March 31, 2021.   The fund house is known for its disciplined approach to investment and risk management and it has 42 investor service centres (as on April 15, 2021) to cater to all categories of investors. The distinguished fund house is reputed for its sound investment management practices and knowledgeable fund management team.

Select EduFund For Investing in L&T Mutual Fund

EduFund makes the process of investing in L&T mutual funds convenient. EduFund’s experienced consultants give you customized solutions for all your financial goals. You can start investing from a lowly INR 5,000 and grow your capital comfortably.

With EduFund, you get the following benefits:

  • Customized Research-Based Financial Plan – EduFund’s scientific fund tracker screen over 1 lakh data points and 400 financial scenarios to recommend you the best mutual funds. 
  • Customer-Friendly Counsellors Help You Create a Financial Plan – EduFund’s counsellors are trained to handle all kinds of queries from customer. They spend as much time with you as you need and resolve all your issues to help you create a robust financial plan.
  • Invest Less, Earn More – Not only the best Indian mutual funds, but EduFund also offers you the facility to invest in US Dollar ETFs and international mutual funds.
  • Use Free Tools – EduFund offers various free tools for its customers, including College Savings Calculator, SIP calculator, etc. 
  • No Technical Expertise Required – You do not need to be a finance expert to understand which mutual fund is the best for you. EduFund does it for you.
  • Value-Added Benefits – You may get value-added benefits like no commission, free advisory, and nil hidden charges.
  • Secure Transactions – EduFund is RIA-registered and uses top-class 128-SSL security to enable safe transactions.
  • Special Support for Children’s Education – EduFund has a dedicated team of experts who help you fulfil your children’s educational goals. 

Download the EduFund app now to start saving for a bright future.  

EduFund

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