L&T Midcap Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Exit Load||1% for 365 Days|
More about this fund
|Bayer CropScience Ltd||3.46%|
|Ipca Laboratories Ltd||3.41%|
|Ratnamani Metals & Tubes Ltd||2.96%|
|Sundaram Finance Ltd||2.93%|
|Ramco Cements Ltd||2.73%|
|Supreme Industries Ltd||2.64%|
|Affle India Ltd||2.64%|
About L&T Midcap Fund - Direct Plan - Growth
The fund manager of the scheme intends to generate capital gains in the long run by investing mostly in the equity-linked securities issued by mid-cap companies.
Pros and Cons of L&T Midcap Fund - Direct Plan - Growth
The most significant advantage of investing in this fund is that you gain exposure to a portfolio constituted by top-performing mid-cap stocks across market sectors that form the Nifty Free Float Midcap 100 index. On the flip side, the fund can be volatile as the exposure towards large-cap stocks is nil.
Fund Information and Statistics
i) Inception/Launch Date
L&T Midcap Fund Direct - Growth was launched on 1 January 2013.
ii) Risk Level
L&T Midcap Fund Direct - Growth has been clubbed under the category of 'high risk' mutual funds as the fund mostly invests in the equity-linked securities issued mid-cap companies.
Since L&T Midcap Fund Direct - Growth is an open-ended mutual fund scheme, you can sell your fund units any time.
iv) Fund Manager
Mr Vihang Naik and Mr Venugopal Manghat are the current fund managers of the L&T Midcap Fund - Direct Plan - Growth.
v) Entry/Exit load
There is no entry load on the fund scheme as per the norms of Securities and Exchange Board of India (SEBI). An exit load of 1% is applicable to the units in excess of 10% if redeemed within one year of allocation.
About L&T Mutual Fund
L&T Mutual Fund registered with the Securities and Exchange Board of India with L&T Finance Holdings as its sponsor and L&T Mutual Fund Trustee Limited as its trustee company. It is now a leading asset management company in India. The assets under management of L&T Mutual Fund touched Rs 58,261.93 crore by the end of June 2020.
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Frequently Asked Questions
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns