L&T Mutual Fund

Overview

L&T Mutual Fund is an asset management company that fulfills various investment needs of the investors through a wide range of Mutual fund schemes and plans.

Founded in 2010, the AMC is backed by L&T Finance Holdings Limited (LTFH), which runs businesses of infrastructure finance, term loans, leases to corporate, financing of tractors and other equipment to name a few. Further, L&T Finance Holdings Limited becomes the sponsor of the company whereas L&T Mutual Fund Trustee Limited becomes a trustee of the company.

Within a span of two years, the asset under management (AUM) of the firm has grown by nearly 50%, showcasing the increasing investor trust towards the AMC. Now, there are various investors engaged in wide variety of L&T Mutual Fund products.

Board of Directors for L&T Investment Management Ltd.

The list of board of directors are as under:

1. AMC Directors

  • Mr. M.V. Nair (Independent Director)

  • Mr. R. Shankar Raman (Associate Director)
  • Mr. P.H. Ravikumar (Independent Director)
  • Mr. Dinanath Dubhashi (Associate – Additional Director)

2. Trustee Directors

  • Mr. Yeshwant M. Deosthalee (Associate Director)
  • Mr. Hemant Y. Joshi (Independent Director)
  • Mr. V. Natarajan (Independent Director)
  • Mr. Jairaj Purandare Independent Director)

Registrar

The registrar of L&T Investment Management Ltd. Is Computer Age Management Services Pvt. Ltd.

Fund Managers

The list of fund managers are as follows:

  • S.N. Lahiri
  • Karan Desai (for investments in Foreign Securities)
  • Mr. Jalpan Shah
  • Mr. Praveen Ayathan
  • Mr. Venugopal Manghat
  • Mr. Vihang Naik
  • Mr. Jalpan Shah
  • Shriram Ramanathan

Products offered by L&T Mutual Fund

1. Equity Funds

These funds aim to appreciate capital over the long-term by investing predominantly in a portfolio of equity and equity instruments. There are fourteen funds covered under this category:

  • L&T Emerging Businesses Fund
  • L&T Equity Fund
  • L&T Dynamic Equity Fund
  • L&T Business Cycles Fund
  • L&T India Large Cap Fund
  • L&T Midcap Fund
  • L&T India Special Situations Fund
  • L&T India Value Fund
  • L&T Tax Advantage Fund
  • L&T Infrastructure Fund
  • L&T Arbitrage Opportunities Fund
  • L&T Equity Savings Fund
  • L&T Tax Saver Fund
  • L&T Long Term Advantage Fund I

    2. Fixed Income Funds

    Want your investments to be safe while offering you the returns? Subscribe to fixed income funds that offer returns while maintaining liquidity and safety at the same time. There are twelve funds covered under this category:

  • L&T Cash Fund
  • L&T Liquid Fund
  • L&T Ultra Short Term Fund
  • L&T Floating Rate Fund
  • L&T Banking and PSU Debt Fund
  • L&T Short Term Income Fund
  • L&T Short Term Opportunities Fund
  • L&T Resurgent India Corporate Bond Fund
  • L&T Income Opportunities Fund
  • L&T Gilt Fund
  • L&T Triple Ace Bond Fund
  • L&T Flexi Bond Fund

    3. Hybrid Funds

    These funds invest in both equity and debt derivatives in same or varied proportions depending upon the prevailing market conditions. You can get liquidity and let your capital appreciate over time by investing in these funds. There are only two funds covered in this category:

  • L&T India Prudence Fund
  • L&T Monthly Income Plan

    4. FMP

    A couple of fixed maturity plans are offered by L&T Mutual Fund which aims to seek capital appreciation through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme. The following are the FMP series offered by L&T Mutual Fund :

  • Series XIV ( comes under Scheme A, B & C)
  • Series XI
  • Series X (comes under Plan A, D,E,H,L,M,O,Q,R,S & T)
  • Series IX (comes under Plan H)
  • Series VII (comes under March753D A & March880D A)

(Data taken from AMC Website)

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